Current:Home > InvestSan Francisco archdiocese is latest Catholic Church organization to file for bankruptcy -WealthRoots Academy
San Francisco archdiocese is latest Catholic Church organization to file for bankruptcy
View
Date:2025-04-15 09:44:50
The Roman Catholic Archdiocese of San Francisco is the latest Catholic organization to declare Chapter 11 bankruptcy as it deals with 537 lawsuits from survivors of child sexual abuse.
Archbishop Salvatore J. Cordileone said in a statement that the bankruptcy allows for the resolution of claims in a fair and equitable manner under court supervision. He added survivors could reach quicker resolutions and possibly receive peace and closure.
"Today, occurrences of abuse within the Catholic Church are very rare,” said Archbishop Salvatore J. Cordileone in a statement. “Given the educational and preventative measures now in place, I believe the Church has set the standard for other organizations, showing what can and should be done to protect our children."
The bankruptcy would cover only the Catholic Archbishop of San Francisco, not its independently managed parishes and schools. The organization serves 442,000 Catholics in San Francisco, San Mateo, and Marin in Northern California.
Dozens of Catholic churches have filed for bankruptcy
Marie Reilly, a law professor at Pennsylvania State University who has kept track of 34 Catholic churches that filed for bankruptcy since 2004, said it's not uncommon for a church to tell congregants it is filing for bankruptcy to insulate itself from future sex abuse lawsuits, she said. Bankruptcy forces the court to treat all claims the same and removes the possibility of jury trials as the trustee of the church will determine how much each claimant gets.
According to Reilly's tracker, 18 Catholic churches have reorganized their debts under Chapter 11 bankruptcy and another 12 are in proceedings. Three religious orders affiliated with the church have also filed for bankruptcy.
Contact reporter Krystal Nurse at knurse@USATODAY.com. Follow her on X, the platform formerly known as Twitter @KrystalRNurse.
veryGood! (37438)
Related
- Juan Soto praise of Mets' future a tough sight for Yankees, but World Series goal remains
- Researchers Develop Cerium Reactor to Make Fuel from Sunlight
- Get Budge-Proof, Natural-Looking Eyebrows With This 44% Off Deal From It Cosmetics
- Electric Car Startup Gains Urban Foothold with 30-Minute Charges
- Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
- 2016: Canada’s Oil Sands Downturn Hints at Ominous Future
- Ariana Grande’s Rare Tribute to Husband Dalton Gomez Is Just Like Magic
- A baby spent 36 days at an in-network hospital. Why did her parents get a huge bill?
- Biden administration makes final diplomatic push for stability across a turbulent Mideast
- Megan Fox Says She's Never, Ever Loved Her Body
Ranking
- Brianna LaPaglia Reveals The Meaning Behind Her "Chickenfry" Nickname
- Saudi Arabia’s Solar Ambitions Still Far Off, Even With New Polysilicon Plant
- See Blake Lively Transform Into Redheaded Lily Bloom in First Photos From It Ends With Us Set
- Inflation grew at 4% rate in May, its slowest pace in two years
- Have Dry, Sensitive Skin? You Need To Add These Gentle Skincare Products to Your Routine
- Young Florida black bear swims to Florida beach from way out in the ocean
- After cancer diagnosis, a neurosurgeon sees life, death and his career in a new way
- Decade of Climate Evidence Strengthens Case for EPA’s Endangerment Finding
Recommendation
Military service academies see drop in reported sexual assaults after alarming surge
How Damar Hamlin's collapse fueled anti-vaccine conspiracy theories
Smart Grid Acquisitions by ABB, GE, Siemens Point to Coming $20 Billion Boom
Ukraine: The Handoff
Travis Hunter, the 2
U.S. Taxpayers on the Hook for Insuring Farmers Against Growing Climate Risks
What does the Presidential Records Act say, and how does it apply to Trump?
COVID flashback: On Jan. 30, 2020, WHO declared a global health emergency