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Catholic Dioceses in Bankruptcy | Faculty Projects | Penn State Law
elibrary.law.psu.edu › bankruptcy
As of April 2024, thirty-eight US Catholic religious organizations have sought bankruptcy protection in chapter 11. Twenty-four cases have concluded.
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Dioceses Currently in Bankruptcy Proceedings ; Archdiocese of Baltimore. 2023 - present · -- September 29, 2023 ; Diocese of Buffalo. 2020- present · -- February 28 ...
Nov 12, 2023 · The insolvency of California dioceses has caused some cases be put on hold, even as a $175m cathedral has risen over Oakland.
3 days ago · The Archdiocese of New York may be forced into bankruptcy if its main insurer is allowed to go without financial responsibility in thousands ...
UPDATED: Which U.S. dioceses have declared bankruptcy? Here's a map
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More than two dozen U.S. dioceses, including two in U.S. overseas territories, have entered into bankruptcy proceedings, the vast majority in the past decade.
Apr 3, 2024 · The Diocese of Sacramento announced it has filed for bankruptcy, citing the costs of settling more than 250 lawsuits alleging sexual abuse ...
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Apr 1, 2024 · The Diocese of Sacramento announced on Monday that they had officially filed for Chapter 11 bankruptcy protection.
Dec 10, 2023 · Roman Catholic Diocese of Sacramento will seek bankruptcy protection, a move that was expected amid multiple child sex abuse lawsuits.
Since 2004, eighteen Catholic organizations have filed for relief in bankruptcy. Fifteen debtors emerged from bankruptcy after settling with sexual abuse ...
Mar 18, 2024 · The Diocese announced the decision to file bankruptcy in December. The filing comes in the wake of lawsuits accusing clergy of sexual abuse. " ...