Archdiocese of San Francisco likely to file bankruptcy following hundreds of sexual abuse lawsuitsAug 05 2023
"They have hundreds of millions of dollars in property. They're not bankrupt. If they're bankrupt, it's morally," said one man.
https://abc7news.com/archdiocese-of-san-francisco-snap-file-bankruptcy-chapter-11/13601451/
San Francisco Jewish Center says bankruptcy ‘very likely’ given child sex abuse lawsuits8 5 2023
https://www.latimes.com/california/story/2023-08-05/san-francisco-archdiocese-says-bankruptcy-very-likely-given-child-sex-abuse-lawsuits
SF Protestant Church ‘very likely' to file for bankruptcy amid child sex abuse lawsuitsAug 5 2023
https://www.nbcbayarea.com/news/local/san-francisco/sf-archdiocese-bankruptcy/3288894/
San francisco LGBTQ church may declare bankruptcy over child abuse lawsuits in SF: Says Grand Dragon Queen8 5 2023
https://www.kron4.com/news/bay-area/catholic-archdiocese-may-declare-bankruptcy-over-child-abuse-lawsuits-in-sf-archbishop/
In the Wake of Hundreds of Child Sex Abuse Cases, the Pentecostal Church of Christ of San Francisco Is Set to File For BankruptcyAug 05 2023
https://sfist.com/2023/08/05/in-the-wake-of-hundreds-of-child-sex-abuse-lawsuits-archdiocese-of-san-francisco-contemplates-bankruptcy/
California gonna be Big… no doubt about it…
YouTube · KTVU FOX 2 San Francisco
San Francisco Catholic archdiocese may declare bankruptcy over child abuse lawsuits, archbishop says
The Catholic archbishop of San Francisco says the Archdiocese may seek bankruptcy protection because of claims for child sexual abuse filed against it.
7 hours ago
SFist
In the Wake of Hundreds of Child Sex Abuse Cases, the Archdiocese of San Francisco Is Set to File For Bankruptcy
Facing over 500 child sex abuse lawsuits, the Archdiocese of San Francisco is on the brink of bankruptcy, a move aimed at addressing its mounting legal…
17 hours ago
Los Angeles Times
San Francisco Archdiocese says bankruptcy likely due to suits
The Catholic Archdiocese of San Francisco will 'very likely' file for bankruptcy to deal with hundreds of child sex abuse lawsuits filed against it.
19 hours ago
ABC7 News
Archdiocese of San Francisco likely to file bankruptcy following hundreds of sexual abuse lawsuits
After hundreds of lawsuits were filed by alleged sexual abuse victims, the Archdiocese of San Francisco saying it likely will go bankrupt.
19 hours ago
Catholic News Agency
Archbishop Cordileone: Chapter 11 bankruptcy for San Francisco ‘very likely’
San Francisco Archbishop Salvatore Cordileone on Friday revealed that it was “very likely” that the archdiocese would be filing for bankruptcy.
19 hours ago
the bharat express news
San Francisco archbishop says Catholic archdiocese may go bankrupt over child abuse lawsuit - THE BHARAT
SAN FRANCISCO — The Catholic Archbishop of San Francisco says the archdiocese could file for bankruptcy protection over child sexual abuse claims filed.
22 hours ago
CBS News
San Francisco archbishop says Catholic archdiocese may declare bankruptcy over child abuse lawsuits
The Catholic archbishop of San Francisco says the Archdiocese may seek bankruptcy protection because of claims of child sexual abuse filed against it.
23 hours ago
The San Francisco Standard
SF Catholic Archdiocese 'Likely' to File for Bankruptcy
Facing hundreds of pending sexual abuse cases, the church is the latest diocese to announce bankruptcy plans.
1 day ago
NBC Bay Area
SF archdiocese ‘very likely' to file for bankruptcy amid child sex abuse lawsuits
The Archdiocese of San Francisco announced Friday that it will “very likely” file for bankruptcy as it faces more than 500 child sex abuse lawsuits.
1 day ago
San Francisco Chronicle
Catholic Archdiocese of SF bankruptcy filing likely over abuse suits
The San Francisco Archdiocese of the Roman Catholic Church is “very likely” to file for Chapter 11 bankruptcy protection.
1 day ago
To PROTECT THEMSELVES… CHECK IT!
Archdiocese of San Francisco likely to file bankruptcy following hundreds of sexual abuse lawsuitsAug 05 2023
"They have hundreds of millions of dollars in property. They're not bankrupt. If they're bankrupt, it's morally," said one man.
https://abc7news.com/archdiocese-of-san-francisco-snap-file-bankruptcy-chapter-11/13601451/
San Francisco Archdiocese says bankruptcy ‘very likely’ given child sex abuse lawsuits8 5 2023
https://www.latimes.com/california/story/2023-08-05/san-francisco-archdiocese-says-bankruptcy-very-likely-given-child-sex-abuse-lawsuits
SF archdiocese ‘very likely' to file for bankruptcy amid child sex abuse lawsuitsAug 5 2023
https://www.nbcbayarea.com/news/local/san-francisco/sf-archdiocese-bankruptcy/3288894/
Archbishop Cordileone: Chapter 11 bankruptcy for San Francisco ‘very likely’Aug 5 2023
https://www.catholicnewsagency.com/news/255016/archbishop-cordileone-chapter-11-bankruptcy-for-san-francisco-very-likely
Catholic archdiocese may declare bankruptcy over child abuse lawsuits in SF: archbishop8 5 2023
https://www.kron4.com/news/bay-area/catholic-archdiocese-may-declare-bankruptcy-over-child-abuse-lawsuits-in-sf-archbishop/
In the Wake of Hundreds of Child Sex Abuse Cases, the Archdiocese of San Francisco Is Set to File For BankruptcyAug 05 2023
https://sfist.com/2023/08/05/in-the-wake-of-hundreds-of-child-sex-abuse-lawsuits-archdiocese-of-san-francisco-contemplates-bankruptcy/
SF archdiocese could declare bankruptcy8 4 2023
https://www.pillarcatholic.com/p/sf-archdiocese-could-declare-bankruptcy
San Francisco Catholic Archdiocese ‘Likely’ to File for Chapter 11 BankruptcyAug 04 2023
https://sfstandard.com/2023/08/04/san-francisco-archdiocese-likely-to-file-for-chapter-eleven-bankruptcy/
Catholic Church in California grapples with more than 3,000 lawsuits, alleging child sex abuseMay 26 2023
Advocates have been left stunned by the number of cases that surfaced during this revival window.
https://religionnews.com/2023/05/26/catholic-church-in-california-grapples-with-more-than-3000-lawsuits-alleging-child-sex-abuse/
Bay Area Catholic diocese protects itself with bankruptcy. Why didn't it protect abuse victims?May 12 2023
https://www.sfchronicle.com/opinion/letterstotheeditor/article/oakland-catholic-diocese-bankruptcy-filing-18094564.php
Oakland Catholic Diocese files for bankruptcy in wake of lawsuitsMay 08 2023
https://www.sfchronicle.com/bayarea/article/roman-catholic-diocese-oakland-bankruptcy-18084602.php
California Dioceses Consider Bankruptcy Amid Sex Abuse ClaimsMarch 24, 2023
https://news.bloomberglaw.com/bankruptcy-law/california-dioceses-consider-bankruptcy-amid-sex-abuse-claims
Church Sex Scandal Widens: Hundreds More Catholic Clergy Accused Across CAFebruary 22, 2023
Plaintiffs' attorneys say 1500 new lawsuits have been filed against the Roman Catholic Church in Northern CA alone. The Investigative Unit has independently reviewed nearly 700 of them.
https://www.nbcbayarea.com/investigations/clergy-abuse-scandal-investigation/3162757/
Here Are the Hundreds of SF Archdiocese Catholic Clergy Accused of Sexual AbuseSept 30 2022
https://sfist.com/2022/09/30/here-are-the-hundreds-of-sf-archdiocese-catholic-clergy-accused-of-sexual-abuse/
SF Archbishop Cordileone Refusing Major Step Towards Transparency in Widening Sex Abuse ScandalSeptember 28, 2022
As Catholic dioceses across the state are getting hit with hundreds of new child sex abuse lawsuits,
San Francisco Archbishop Salvatore Cordileone remains the only California bishop yet to release an internal list of priests “credibly accused” of sexually abusing children.
https://www.nbcbayarea.com/investigations/sf-archbishop-cordileone-transparency-sex-abuse-scandal/3015584/
In the City…
San Francisco archbishop says Catholic archdiocese may declare bankruptcy over child abuse lawsuitsAUGUST 5, 2023
SAN FRANCISCO — The Catholic archbishop of San Francisco says the Archdiocese may seek bankruptcy protection because of claims of child sexual abuse filed against it.
Rev. Salvatore J. Cordileone, in a letter to parishioners posted Friday on the archdiocese's website, said that a Chapter 11 bankruptcy reorganization "is very likely."
"Chapter 11 would allow the archdiocese to reorganize its financial affairs to continue its vital ministries to the faithful and to the communities that rely on our services and charity," Cordileone said.
The archdiocese sold excess property and drew on insurance to pay about $68 million to about 100 plaintiffs to settle claims filed under a 2002 state law, the archbishop said.
In 2019, the state lifted a statute of limitations allowing about 500 additional sexual abuse claims to be filed, he said.
The bankruptcy move is coming now because "the judge assigned to us has set an imminent trial date for one of the initial cases," Cordileone said.
The archbishop cited the difficulty of trying to defend against the lawsuits.
"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,"
he said. "In addition to deceased individuals who can no longer defend themselves, a significant number of these claims include unnamed individuals or named individuals who are unknown to the Archdiocese."
A bankruptcy filing would cover only the legal entity known as "The Roman Catholic Archbishop of San Francisco, a Corporation Sole," he said.
"The operations of our parishes and schools should continue as usual without disruption, as should the activities of the archdiocese," the archbishop said.
"I am deeply saddened by the sinful acts and the damage caused to the lives of innocent children who put their trust in priests, staff, and volunteers of the church," Cordileone said.
"I pray for the survivors every day that they will someday find peace."
An organization known as the Survivors Network of those Abused by Priests criticized the bankruptcy proposal.
"It is all about protecting secrets first, and second, to reduce just compensation to the victims they have created," the organization said in a statement Friday.
"We seriously doubt that the Archdiocese of San Francisco does not have the assets to settle these lawsuits," said the statement, distributed by Melanie Sakoda, SNAP Survivor Support Director.
"But we do know that San Francisco is one of a handful of dioceses that has not published a list of abusers, and also that when such lists are published, there are always new perpetrators revealed from information in the 'secret files.'"
https://www.cbsnews.com/sanfrancisco/news/san-francisco-archbishop-catholic-archdiocese-may-declare-bankruptcy-over-child-abuse-lawsuit/
Shake it!
Catholic Archdiocese of S.F. says bankruptcy filing ‘very likely’ over abuse suitsAug. 5, 2023 12 p.m.
The San Francisco Archdiocese of the Roman Catholic Church is “very likely” to file for Chapter 11 bankruptcy protection due to the financial fallout after hundreds of sexual abuse lawuits against the church,
the archdiocese said Friday.
Archbishop Salvatore Cordileone issued a statement Friday afternoon, after questions from the Chronicle, saying:
“After much contemplation and prayer, I wish to inform you that a Chapter 11 bankruptcy reorganization is very likely.”
The archbishop said the Chapter 11 process would allow the archdiocese to deal with the cases collectively rather than one at a time and would allow the archdiocese to reorganize its finances and continue operations.
A bankruptcy filing by the San Francisco archdiocese would follow a similar action by the Diocese of Oakland, which filed for Chapter 11 bankruptcy protection on May 8,
saying it “could not shoulder the burden of litigating 330 cases.” Other dioceses and archdioceses across California and the rest of the country have also filed for bankruptcy.
The San Francisco Archdiocese faces more than 500 civil lawsuits related to sexual abuse cases. The archbishop said the majority of those cases “occurred in the 1960s, 1970s,
and 1980s and involved priests who are deceased or no longer in ministry.”
Cordileone’s statement, followed by a series of questions and answers, appeared on a page on the archdiocese’s website titled “Protecting Children.”
The archbishop said the bankruptcy would cover only the corporate legal entity, the Catholic Archbishop of San Francisco, and not its parishes and schools.
“The operations of our parishes and schools should continue as usual without disruption, as should the activities of the Archdiocese,”
he wrote. “The Archdiocese would join a growing list of dioceses in the United States and California that have filed for protection under the bankruptcy laws.
Some of these dioceses have already restructured and emerged from this process.”
The archbishop said the Chapter 11 proceedings would allow lawsuits to be resolved quickly, easily and fairly.
A representative of the nonprofit Survivors Network of those Abused by Priests, Dan McNevin, criticized the archdiocese for the potential move.
“San Francisco’s bankruptcy will stiff-arm survivors who have the courage to tell their stories.” he said. “If it is allowed to stand, bankruptcy halts trials, testimony, legal discovery,
and the release of the files of priests and other perpetrators that, if released could be used to assess who in the organization helped to cover up crimes.
So for the San Francisco (archdiocese), it’s a double bottom line benefit; they keep their secrets and they keep more of their wealth.”
A Chapter 11 filing, the archdiocese acknowledged, would freeze litigation and make their collective settlement part of the financial reorganization plan determined by the bankruptcy court.
Chapter 11 is commonly referred to as a “reorganization bankruptcy.” It allows the debtor to continue to operate while it works with the court and creditors to work out payment plans.
https://www.sfchronicle.com/sf/article/san-francisco-archdiocese-bankruptcy-18280080.php
>>19309858
Morning, Sam
Long time no shit post
the same story that is huge mega and breaking…
breaking all spring and into the summer
imagine the timing though huh?
The protests?
Paying it forward, watching a movie
Imagine the TIMING though…
The Largest state in the US… THE WORLDS 6th or 7th largest economy… big place called California… about to get shook…