The Diocese of Syracuse, New York, has formally closed out its long-running bankruptcy, funding a victims’ trust with more than $176 million to settle claims.
The move concludes a “journey of reparation” begun in June 2020 to “provide compensation for the pain and mistreatment experienced by survivors/victims of sexual abuse at the hands of those entrusted with their care,” wrote Syracuse Bishop Douglas J. Lucia in a Feb. 25 letter to diocesan faithful.
He noted that Chief Judge Wendy Kinsella of the U.S. Bankruptcy Court for the Northern District of New York, had approved the final decree in the nearly six-year case that same day.
The bishop said the diocese had “conveyed its commitment” to the agreed-upon victim’s trust fund, with $76.1 million provided by insurance and $100 million from what he called “our ‘Catholic family’” — parishes ($45 million), the diocese itself ($50) through “a combination of investments and loans,”…
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