Stockton Catholic Diocese To File Bankruptcy



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(Sacramento, CA)
Monday, January 13, 2014

Stockton's Catholic Bishop says he will file for Chapter 11 bankruptcy on Wednesday, making it the tenth in the United States to make such a filing.

The Roman Catholic Diocese of Stockton has been hit hard by parishioner lawsuits over sexual abuse by priests.

The diocese and its insurers have paid out more than 32 million dollars over the last 20 years.

Stockton Bishop Stephen Blaire says bankruptcy will allow the diocese to provide compensation for victims who have not yet had their day in court.

"We could probably put together a few bucks for one new case but what happens to all the others who come afterward."

~Bishop Stephen Blaire

Blaire says the parishes, cemetery, and Catholic schools are separate corporations within the Diocese so they will not be affected.

 

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