May 24, 2020
By Thomas Perumean
Asset filing runs 2,000 pages
The New Orleans Archdiocese has listed more than $240,000,000 dollars in assets against $139,000,000 liabilities.
Though the Church has a healthy amount of assets against debts, the diocese is facing scores of lawsuits from child sexual abuse claims that could take a multitude of years to settle.
The list of assets filed in Federal Court runs 2,000 pages.
The Times-Picayune/New Orleans Advocate says the list shows Hancock-Whitney Bank as being owed $37,000,000. These are state facility bonds which the church used to rebuild after Hurricane Katrina.
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.