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On September 12, 2019, sex abuse lawsuits forced the Roman Catholic Diocese of Rochester for Chapter 11 Bankruptcy. [56] [57] The Diocese is the first Catholic diocese in the state of New York to file for bankruptcy and also the 20th Catholic diocese in the U.S. states to do so as well. [57]
In 2018, bankruptcy court approved an offer from the Roman Catholic Archdiocese of Saint Paul and Minneapolis to pay victims of clergy sexual abuse a total of $210 million in settlement, which was the second largest settlement for any United States Catholic Diocese and the largest by any United States Catholic Diocese in bankruptcy. [29] [30 ...
In some cases, the dioceses filed bankruptcy just before civil suits against them were about to go to trial. This had the effect of producing the mandate that forced pending and future lawsuits against the Church to be settled in bankruptcy court. In 2007, the sexual abuse scandal cost each of the 195 dioceses "an average of $300,000 annually ...
The diocese filed for Chapter 11 bankruptcy in July as it faced ... Nov. 25—A federal bankruptcy judge has set a deadline of March 15, 2022 for receipt of claim forms from people who say they ...
Court documents state that the diocese has between 200 and 999 creditors, with an estimated $100 million to $500 million in assets and the same amount in liabilities.
On Monday, the diocese is expected to file for bankruptcy protection in the wake of hundreds of sexual abuse lawsuits. Soto told The Bee the bankruptcy will be a “very difficult chapter for us.”