Current:Home > FinanceSan Francisco archdiocese is latest Catholic Church organization to file for bankruptcy -Momentum Wealth Path
San Francisco archdiocese is latest Catholic Church organization to file for bankruptcy
View
Date:2025-04-13 19:32:30
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! (8)
Related
- 'Most Whopper
- Thousands urged to evacuate, seek shelter as powerful Cyclone Mocha bears down on Bangladesh, Myanmar
- What we lose if Black Twitter disappears
- Why Jax Taylor Wasn’t Surprised By Tom Sandoval’s Affair With Raquel Leviss
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Revitalizing American innovation
- Teacher missing after shark attack off Australia; surfboard found with one bite in the middle
- One of Grindr's favorite podcasts; plus, art versus AI
- Retirement planning: 3 crucial moves everyone should make before 2025
- Citing security concerns, Canada bans TikTok on government devices
Ranking
- San Francisco names street for Associated Press photographer who captured the iconic Iwo Jima photo
- Making the treacherous journey north through the Darién Gap
- 3 amateur codebreakers set out to decrypt old letters. They uncovered royal history
- What scientists are hoping to learn by flying directly into snowstorms
- Former longtime South Carolina congressman John Spratt dies at 82
- Vanderpump Rules: Tom Sandoval Defended Raquel Leviss Against Bully Lala Kent Before Affair News
- RuPaul's Drag Race Top 5 Give Shady Superlatives in Spill the T Mini-Challenge Sneak Peek
- Gisele Bündchen Addresses Rumors She's Dating Jiu-Jitsu Instructor Joaquim Valente
Recommendation
'Squid Game' without subtitles? Duolingo, Netflix encourage fans to learn Korean
Hayden Panettiere Would Be Jennifer Coolidge's Anything in Order to Join The White Lotus
Pet Parents Swear By These 15 Problem-Solving Products From Amazon
Vanderpump Rules’ Ariana Madix Joins Scheana Shay and Lala Kent for Relaxing Outing Before Reunion
Selena Gomez engaged to Benny Blanco after 1 year together: 'Forever begins now'
Iris Apatow Praises Dreamboat Boyfriend Henry Haber in Birthday Tribute
2 more suspects arrested in deadly kidnapping of Americans in Mexico
Beyoncé dances with giant robot arms on opening night of Renaissance World Tour