BUFFALO (NY)
Buffalo News
February 28, 2020
By Jay Tokasz
The Buffalo Diocese, awash with lawsuits alleging child sex abuse by priests, nuns and others, filed for Chapter 11 bankruptcy protection on Friday, marking another chapter in a scandal that has rocked the Catholic Church in Western New York since early 2018.
The Buffalo Diocese already is named as a defendant in 260 cases, more than any other institution in the state, and potentially faces huge losses if the cases go to trial.
The filing puts the lawsuits on hold and stops efforts by debtors to collect from the diocese. It does not mean that the diocese or its parishes are going out of business.
The diocese’s voluntary petition for non-individuals listed assets of $10 to $50 million and liabilities of $50 to $100 million and said the diocese had between 200 and 999 creditors.
Note: This is an Abuse Tracker excerpt. Click the title to view the full text of the original article. If the original article is no longer available, see our News Archive.