Catholic Parishes, Charities Will Be Asked to Contribute $60M to Church Bankruptcy Settlement
Written by Stephanie Riegel, The Advocate-NOLA.com
“Court documents filed last week show that the archdiocese’s 104 parishes and 19 of its charitable organizations will be required to pay $60 million toward a financial settlement that will eventually total around $180 million. That does not include $45 million or so from the anticipated sale of Christopher Homes, a portfolio of elderly senior housing.”
“The settlement funds, to be placed in a trust, would benefit hundreds of survivors of clergy sex abuse and be distributed over several years, provided the plan is approved by two-thirds of abuse survivors and confirmed by U.S. Bankruptcy Court Judge Meredith Grabill.”
