Archdiocese ‘is not Lehman Brothers’

The Guam Daily Post

April 27, 2020

By Haidee Eugenio Gilbert

Judge balks at $75K monthly fee in church bankruptcy case

A federal judge held off deciding on clergy sex abuse claimants’ proposal to hire a financial adviser for up to $75,000 a month, saying the fees are “exorbitant” and the bankrupt Archdiocese of Agana “is not Lehman Brothers,” a global financial services firm.

Chief Judge Frances Tydingco-Gatewood of the District Court of Guam said more money spent on professional fees means less money for each clergy sex abuse survivor.

“And if the debtor becomes insolvent, it not only negatively affects the debtor and all the creditors, but it will also have a massive impact on the entire Catholic community that the debtor serves,” the judge wrote in her April 24 order.

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