Bankruptcy for Archdiocese of San Francisco is ‘very likely,’ Archbishop Cordileone says
August 07, 2023
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CWN Editor's Note: More than 500 lawsuits were filed against the Archdiocese of San Francisco during a three-year lifting of the statute of limitations.
“The vast majority of the alleged abuse occurred in the 1960s, 1970s, and 1980s and involved priests who are deceased or no longer in ministry,” Archbishop Salvatore Cordileone said on August 4. “We have been investigating the best options for managing and resolving these cases. After much contemplation and prayer, I wish to inform you that a Chapter 11 bankruptcy reorganization is very likely.”
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