Diocese of Duluth Liabilities Total at $12 Million

WDIO
February 5, 2016

http://www.wdio.com/article/stories/s4040244.shtml

Frank Hoefferle, the chief financial officer for the Catholic Diocese of Duluth, testified in federal bankruptcy court Friday. He said the diocese assets total $5 million, while its liabilities are $12 million.

The diocese filed for bankruptcy in early December after a nearly $5 million verdict in one abuse case.

Representatives estimated they're now aware of about 40 more claims of abuse, and almost half of those came after bankruptcy filing.