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Diocese of Rochester Files for Chapter 11 Bankruptcy

Diocese of Rochester Files for Chapter 11 Bankruptcy

The Catholic Diocese of Rochester in New York has filed for chapter 11 bankruptcy protection due to the numerous lawsuits that were filed after the state’s Child Victims Act (CVA) went into effect in August.

The CVA has opened up a one-year “look-back” window for victims who were unable to file civil lawsuits because the statute of limitations had expired.

The Democrat & Chronicle reported that since the CVA went into effect on Aug. 14, “more than 580 lawsuits have been filed statewide, with the lion’s share of them accusing Roman Catholic priests, brothers, deacons or nuns of abuse.” As of Wednesday, the report said, the Diocese of Rochester was named as a defendant in 59 cases, but the bankruptcy filing “does not mean the diocese is penniless, and does not mean its churches will close.”

The bankruptcy filing, which you can read below in full, lists the diocese’s estimated number of creditors as 200-999, says its estimated assets are $50-$100 million, and says its estimated liabilities are between $100-$500 million.

Diocese of Rochester’s Chapter 11 Bankruptcy Filing by Law&Crime on Scribd

Source: lawandcrime.com
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