Current:Home > InvestSan Francisco archdiocese is latest Catholic Church organization to file for bankruptcy -VitalWealth Strategies
San Francisco archdiocese is latest Catholic Church organization to file for bankruptcy
View
Date:2025-04-24 17:46:20
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! (734)
Related
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- No Fed rate cut – for now. But see where investors are already placing bets
- These cities have the most millionaires and billionaires in the US: See the map
- Report: Crash that destroyed I-95 bridge in Philly says unsecured tanker hatch spilled out gasoline
- Paris Olympics live updates: Quincy Hall wins 400m thriller; USA women's hoops in action
- TikToker Tianna Robillard and NFL Player Cody Ford Break Up Nearly 2 Months After Engagement
- NYC considers ending broker fees for tenants, angering real estate industry
- A 98-year-old man’s liver was donated. He is believed to be the oldest American organ donor ever
- The White House is cracking down on overdraft fees
- Kroger is giving away free ice cream this summer: How to get the coupon
Ranking
- Paris Hilton, Nicole Richie return for an 'Encore,' reminisce about 'The Simple Life'
- Some things to know about NBA great Jerry West’s life and Hall of Fame career
- Woman with gun taken into custody after standoff at FBI building in Seattle, authorities say
- Tori Spelling Calls Out the Haters While Celebrating Son Finn's Graduation
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- And Just Like That's Sara Ramirez Files for Divorce From Husband Ryan DeBolt 6 Years After Split
- A jet vanished over Lake Champlain 53 years ago. The wreckage was just found.
- Honolulu tentatively agrees to $7 million settlement with remaining Makaha crash victim
Recommendation
Big Lots store closures could exceed 300 nationwide, discount chain reveals in filing
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Coming Up for Air
Video shows National Guard officers enter home minutes before 4 women and 2 children were killed in Mexico
The world could soon see a massive oil glut. Here's why.
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Here's how much each state will receive from the $700 million Johnson & Johnson settlement
Is there life out there? NASA latest spacewalk takes fresh approach
See the Brat Pack Then and Now, 39 Years After the Label Changed Their Lives Forever