San Francisco Archdiocese files for bankruptcy as it faces more than 500 sexual abuse lawsuits
cnn.com
The Archdiocese of San Francisco has filed for Chapter 11 bankruptcy as it faces more than 500 lawsuits alleging child sexual abuse.
“The unfortunate reality is that the Archdiocese has neither the financial means nor the practical ability to litigate all of these abuse claims individually, and therefore, after much consideration, concluded that the bankruptcy process was the best solution for providing fair and equitable compensation to the innocent survivors who have been harmed,” Archbishop Salvatore Cordileone said in a Monday news release.
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It's absolute bullshit that an organization as unfathomably, obscenely wealthy as the Catholic Church can break off parts of itself and pretend they're separate entities for the purpose of denying victims their due compensation.
Don’t forget the tax exemption status.
I don't understand how people don't have the will to end the Texas two step bankruptcy