GUAM
KUAM TV
November 7, 2018
By Krystal Paco
Bankruptcy — it only makes sense. The Archdiocese of Agana announcing on Wednesday plans to file a Chapter 11 reorganization proceeding in the U.S. District Court of Guam sometime between mid-December and mid-January.
Bankruptcy counsel Ford Elsaesser announced, “For many dioceses, this is the only fair way to deal with the claims of the abuse survivors and at the same time provide for the continued operation of the mission of the church, including of course the parishes and the schools.”
Archdiocese lead counsel Keith Talbot echoing those sentiments, saying, “Bankruptcy does two really good things for us: one is its finality. And finality is for the archdiocese going forward. Finality is also an option, it’s an aspect of bankruptcy that’s very helpful with insurance carriers. The other part is bankruptcy is the method to deliver the greatest measure of justice to the greatest number of victims. And it’s obviously not only an objective for the archdiocese but the other co-defendants, but certainly the plaintiffs’ counsel, as well.”
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