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Citing monetary concerns arising from impending trials on sex abuse claims, the Archdiocese of Portland (Oregon) filed for Chapter 11 bankruptcy on July 6, 2004, hours before two abuse trials were set to begin, becoming the first Roman Catholic diocese to file for bankruptcy. If granted, bankruptcy would mean pending and future lawsuits would ...
The diocese said Saturday that the bankruptcy filing will not change the church’s duty. “The pastoral work of the Catholic Church would continue during the reorganization,” the statement said.
San Francisco’s Roman Catholic archdiocese filed for bankruptcy Monday, saying the filing is necessary to manage more than 500 lawsuits alleging child sexual abuse by church officials. The ...
Beset by hundreds of abuse lawsuits, the Catholic Diocese of Sacramento filed for Chapter 11 bankruptcy reorganization in federal court Monday, a move designed to allow the diocese to provide ...
Plaintiffs in the cases against the archdiocese have argued that the Catholic Church is a single entity, and that the Vatican should be liable for any damages awarded in judgment of pending sexual abuse cases. [7] [failed verification] After the filing, an April 29, 2005 deadline was set by the bankruptcy court to allow other people to file ...
In June 2002, the United States Conference of Catholic Bishops (USCCB) unanimously approved a Charter for the Protection of Children and Young People that pledged the Catholic Church in the U.S. to providing a "safe environment" for all children in Church-sponsored activities. To accomplish this, the U.S. bishops made a commitment to develop ...
The Roman Catholic Diocese of Sacramento, which announced in December that it planned to file for bankruptcy protection because of a crush of sexual abuse lawsuits, will file with the bankruptcy ...
Rothschild loans to the Holy See refers to a series of major financial loans arranged between the Rothschild family and the Holy See of the Catholic Church. The first loan, which occurred in 1832, took place in the aftermath of the Napoleonic Wars during the pontificate of Pope Gregory XVI (involving James Mayer de Rothschild and Carl Mayer von ...