In a major move to deal with a troubled past, the Diocese of Ogdensburg has filed for Chapter 11 reorganization.
The Diocese, and Bishop Terry R. LaValley, will hold a news conference at 4 p.m. today in Watertown to discuss the filing.
Earlier today, the Diocese issued a detailed news release explaining the move.
The Press-Republican will have more information on this story later.
Here is the Diocese news release in its entirety.
“Following extensive consultation with diocesan staff, the College of Consultors, Council of Priests, the Diocesan Finance and Pastoral Councils, priest and deacons, pastoral leaders, and a team of professional advisors, Bishop Terry R. LaValley, Bishop of Ogdensburg, authorized the filing of a Chapter 11 reorganization case by the Diocese of Ogdensburg. Bishop Terry R. LaValley was in U.S. Bankruptcy Court, Northern District of New York, in Utica for today’s filing.
This difficult yet necessary decision was made…
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