(RNS) The Minnesota diocese said its share of an $8.1 million award granted by a jury last month — perhaps the largest ever to a single victim — gave it no choice but to become the 13th U.S. diocese to seek Chapter 11 protection.
Articles tagged “bankruptcy”
The archdiocese filed for Chapter 11 bankruptcy protection in 2011, citing the financial drain of settling sexual-abuse claims and acknowledging missteps by the church in dealing with pedophile priests.
(RNS) The chain, which has stores in 36 states, had $230 million in sales in 2014, down from $305 million in 2008.
VATICAN CITY (RNS) The scandal has shaken the order inspired by its founder’s devotion to poverty and prayer. It is active in 110 countries and had more than 14,000 members.