The Christian Brothers will cease to exist after 183 years in Australia, and could be liquidated after paying hundreds of millions of dollars to abuse victims and saying the Catholic Church denied requests for assistance.
The order has proposed a deal that would allow it to distribute its remaining funds – including a property portfolio worth around $216 million – to victims and to other creditors, although it will be less than what they are owed.
In a notice late on Monday evening, the Christian Brothers said the congregation was “a stand-alone organisation … financially and canonically distinct” from the broader Catholic Church, which meant it had “ability to compel other Catholic institutions to assist in our current situation”.
The order had “requested funding from the broader Catholic Church … however no such funding has been provided”, it added.
The Christian Brothers are perhaps best known for dozens of schools…
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