MINNESOTA
CBS Minnesota
[with video]
Kate Raddatz
MINNEAPOLIS (WCCO) – After a historic settlement in clergy sex abuse lawsuits in Minnesota, now the question becomes how the Catholic Church will pay for it.
The exact amount of the settlement has been kept confidential, but experts say it could cost the Archdiocese tens of millions of dollars.
On Monday, the Archdiocese of St. Paul and Minneapolis along with the Diocese of Winona said they were considering all options to pay for the settlement, including bankruptcy.
Experts say if their insurance doesn’t step up to cover the payment of this settlement, it could be very likely they will file for bankruptcy.
But as for whether or not a bankruptcy claim would then cause Catholic school or churches to shut down, it is unlikely.
As the Archdiocese of St. Paul and Minneapolis, along with the Diocese of Winona, review their finances to see if they have the assets to pay for their lawsuits, bankruptcy remains on the table.
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