Church Prepares for Bankruptcy Filing

By Krystal Paco
KUAM News
November 8, 2018

http://www.kuam.com/story/39451032/church-prepares-for-bankruptcy-filing


The Church prepares the faithful for bankruptcy.

Archbishop Michael Byrnes, in a letter to the faithful this week writes "I encourage each and every Catholic to look at this newest chapter in the history of our young archidiocese in that light... the Light of Christ. This is an opportunity to reorganize ourselves, to become a better Church - the best we can be."

As reported, it was earlier this week the Archdiocese of Agana announced its intent to file Chapter 11 reorganization in light of the nearly 200 clergy sexual abuse lawsuits.

Guam would be one of over two dozen other dioceses and religious orders in the U.S. mainland to do this in the last 15 years.

Though parties attempted to mediate back in September, settlement was not reached.