The Roman Catholic Diocese in Albany has reportedly filed for Chapter 11 bankruptcy to contend with the financial fallout of hundreds of child sexual abuse lawsuits it faces.
“The decision to file was not arrived at easily and I know it may cause pain and suffering, but we, as a Church, can get through this and grow stronger together,” Bishop Edward Scharfenberger announced Wednesday, according to a Times Union report.
The Albany Diocese is the fifth of eight in the Empire State to declare bankruptcy in the wake of a flood of cases filed between 2019 and 2021 during the Child Victims Act window allowing survivors to sue regardless of whether the claims were outside of the statute of limitations.
The bankruptcy move comes after months of negotiations between the church and plaintiffs – whose cases allege the diocese allowed the abuse to occur and then covered it up.
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