The state’s largest religious denomination has yet to respond to a court decision permitting creditors to file a lawsuit for an estimated $500 million in local properties and possessions the church has sheltered in trusts.
A U.S. Bankruptcy Court will allow clergy abuse claimants to sue for an estimated half-billion dollars in parish assets to fund settlements under the Vermont Roman Catholic Diocese’s current financial reorganization case.
In a written order, Burlington-based Judge Heather Cooper said creditors can pursue not only the highest-level bank and building holdings of the state’s largest religious denomination, but also the trust-sheltered local property and possessions of nearly 70 parishes — from St. Edward the Confessor in northernmost Derby Line, population 687, to St. Joachim in southernmost Readsboro, population 702.
The order doesn’t promise any parish assets, but simply permits abuse claimants to file a lawsuit — what the bankruptcy court labels an “adversary proceeding”…
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