The Buffalo Catholic Diocese has announced the formal filing for Chapter 11 reorganization in federal court, under the U.S. Federal Bankruptcy Code.
The move had been expected for some time. Interim Bishop Edward Scharfenberger will hold a press conference to address the situation at 1 p.m. Friday.
According to the petition, the diocese has somewhere between $10 million to $50 million in assets, between $50 million to $100 million in liabilities, and anywhere from 200 to 1,000 creditors.
The diocese owes $3.5 million to its 20 largest unsecured creditors. The ...
BUFFALO, N.Y. (AP) — The embattled Roman Catholic Diocese of Buffalo filed for bankruptcy protection Friday, taking another major step in its effort to recover from a clergy misconduct scandal that‘s been the basis for hundreds of lawsuits, Vatican intervention and the resignation of its bishop.
The Chapter 11 filing estimates between $10 million and $50 million in assets and between $50 million and $100 million in liabilities. The number of creditors is estimated at between 200 and 999.
“Abuse survivors need to understand the diocese has assets and insuranc...
Law firms representing clients in sex abuse lawsuits against the Rochester Catholic Diocese are urging survivors to file their claim before August 13, a deadline handed down by the bankruptcy court presiding over the Diocese’s bankruptcy filing.
Last fall, the Rochester Diocese was the first in New York to seek bankruptcy protection due to numerous lawsuits filed against the diocese under the Child Victims Act. James Marsh, founder of the New York City-based Marsh Law Firm, says the bankruptcy court has issued an August 13 deadline, called a bar date, for survivors ...
Although lawsuits like his may provide catharsis, they offer no promise of speedy legal relief.
In some cases, independent corroborating evidence is gone or nonexistent, making it difficult to prove plaintiffs' claims.
The alleged assailants may have died, leaving the accusers to sue the Boy Scouts, religious organizations, schools, foster care providers and other children-focused groups they believe enabled their abusers. That legal strategy requires plaintiffs to prove the organizations had reason to know about the abusers' conduct.
Additionally, the ...
ROCHESTER, N.Y. (WROC) — Retired Rochester Bishop Matthew Clark will deposed to testify in an upcoming hearing for the Diocese of Rochester’s bankruptcy case, a federal judge ruled Tuesday.
Clark’s deposition will happen in the next 30 days.
According to a victims attorney, the deposition could last up to three hours and a transcription will be recorded, although no sound or video recording device will be used.
Also happening Tuesday in court, the judge set a bar for alleged victims to file claims.
All claims need to be submitted to Rochester ...
Rochester, N.Y. — Rochester, N.Y. (WHAM) - For about five hours, sex abuse survivors and attorneys lobbed questions at Bishop Salvatore Matano as well as the CFO of the Catholic Diocese of Rochester.
It was the first meeting of the creditors in the diocese's bankruptcy case, which was filed last month after being slapped with dozens of sex abuse lawsuits.
The 'creditors' in this case, is sex abuse survivors. A committee of nine survivors will help settle the cases faced by the diocese.
The survivors and attorneys questioned the diocese over its finances, ...
For some, the departure from state court is not a major setback. Jake Giovati, 30, who said he had been abused by a priest at one of the diocese’s parishes when he was about 10, said he believed the diocese was still being held to answer.
“In my mind, filing for bankruptcy is them looking at those claims and seeing them as so credible that they do not believe they could denounce those in court,” Mr. Giovati said.
But many others see the bankruptcy as a circumvention of the justice that can be delivered in civil court and in direct defiance of the state’s new ...