The move is due to pending court cases that could cost the church millions of dollars.
The Catholic Diocese of El Paso has filed bankruptcy to shield itself from massive potential liabilities in cases stemming from priest abuse of children stretching back to the 1950s.
In a filing Friday, the diocese sought chapter 11 bankruptcy, saying it had between $10 and $50 million in assets and owes as many as 200 creditors as much as $10 million. The move to declare bankruptcy while assets outweigh liabilities is due to pending court cases that may cost the church millions more to settle.
“The Diocese of El Paso financial resources are limited,” the Rev Mark Seitz, bishop of the diocese, said in a statement. “Chapter 11 will allow it to compensate abuse survivors through a single court-supervised process.”
The El Paso diocese was one of several church regions hit with…
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