The San Francisco Archdiocese of the Roman Catholic Church filed for Chapter 11 bankruptcy Monday amid financial troubles stemming from hundreds of sexual abuse lawsuits, according to a statement posted on the archdiocese’s website.
In a statement, Archbishop Salvatore Cordileone said, “The unfortunate reality is that the Archdiocese has neither the financial means nor the practical ability to litigate all of these abuse claims individually, and therefore, after much consideration, concluded that the bankruptcy process was the best solution for providing fair and equitable compensation to the innocent survivors who have been harmed.”
Cordileone said that the occurrence of abuses within the Catholic Church now are “very rare” and said he believed the standard of how to protect children had been set.
The archdiocese said the filing will allow them to “manage and resolve” more than 500 lawsuits, which were brought forth following the passage of California Assembly Bill 218. In…
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