Another Diocesan Bankruptcy
By BARBARA SIMPSON In this instance, the latest one and one close to my heart is that the Archdiocese of San Francisco is considered “very likely” to file for bankruptcy.The archdiocese is dealing with more than 500 child sex abuse lawsuits.As reported this past week in the San Francisco Examiner, Archbishop Salvatore Cordileone said in an open letter that a decision to file Chapter 11 bankruptcy was made to manage and resolve the backlog of cases. He was referring to cases dealing with cases of child abuse in the diocese.His letter went on to elaborate that the decision will allow the archdiocese to “reorganize its financial affairs to continue its vital ministries.”The archbishop said that the move would not apply…Continue Reading