District Court of Guam Chief Judge Frances Tydingco-Gatewood ruled on Saturday that funds from the Archdiocese of Agaña’s Catholic parishes and schools could be used to help pay survivors of sexual abuse.
In January 2019, the Archdiocese filed for Chapter 11 reorganization bankruptcy to allow it to restructure its finances to pay the plaintiffs in about 202 clergy sex abuse claims.
The church listed $22.96 million in assets, with $45.66 million in liabilities, according to PDN news files.
Attorney Edwin Caldie, who represented some of the survivors and other creditors, said that the parties currently are trying to agree on a settlement between what the claimants are asking and what the church can pay without losing its entire community.
“It’s complicated. The church chose to file for bankruptcy and so the bankruptcy code, all of the laws, federal laws, relating to bankruptcy, they’ll guide and they’ll help us figure out…
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