Loading
Church Financial Crisis
Spokane Diocese emerges out of bankruptcy

.- The Diocese of Spokane is expected to emerge from Chapter 11 bankruptcy, thanks to donations that are coming in from a variety of sources.

Shaun Cross, the attorney representing the diocese, says he filed the final paperwork in court late Thursday afternoon in order to emerge successfully from bankruptcy.

Funds totaling $20 million are coming from Seattle — most of it from insurance settlements. Other sources of funding are coming from the sale of the diocesan headquarters, recently sold at auction, and donations from around the country. These donations have been collected in accounts set up to help the archdiocese emerge from bankruptcy.

Spokane parishes are reportedly are doing well in meeting their $10-million contribution toward the settlement. Recently, they sent letters to parishioners asking them to donate as much as $1,000 per family.

Cross estimates the $48-million settlement could be paid by October.

The diocese had filed for Chapter 11 protection in December 2004 when faced with numerous lawsuits filed by alleged victims of sexual abuse by priests.


Ads by AdsLiveMedia(What's this?)

* The number of messages that can be online is limited. CNA reserves the right to edit messages for content and tone. Comments and opinions expressed by users do not necessarily reflect the opinions or beliefs of CNA. CNA will not publish comments with abusive language, insults or links to other pages

RESOURCES »

Ads by Google (What's this?)
Ads by Google (What's this?)

Featured Videos

Pope Francis celebrates the closing Mass and announces site of next World Youth Day
Pope Francis celebrates the closing Mass and announces site of next World Youth Day
Pope Francis visits poor neighborhood and meets with young people from Argentina
Pope Francis celebrates Mass at the National Shrine of Our Lady of Aparecida
Denver rally draws hundreds in support of religious freedom
Pope Francis prays over a sick man in St Peter's Square
Denver women's clinic will offer natural, Catholic care
Interview Clips: Barbara Nicolosi speaks to CNA
US Cardinals press conference at North American College
Pope Benedict to retire to monastery inside Vatican City
Pope cites waning strength as reason for resignation
Hundreds convene in Denver to urge respect for life
New Orange bishop encourages Catholic unity in diversity
Chinese pro-life activist calls for reform, international attention
At Lincoln installation, Bishop Conley says holiness is success
Mother Cabrini shrine reopens in Chicago after a decade
Ordination of 33 deacons fills St. Peter's with joy
Cardinal says "Charity is the mother of all the virtues"
Augustine Institute expands evangelization effort with new campus
Bishops recall 'Way of St. James' as chance to trust in God
Los Angeles cathedral's newest chapel houses Guadalupe relic
Apr
24

Liturgical Calendar

April 24, 2014

Thursday within the Octave of Easter

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Lk 24:35-48

Gospel
Date
04/24/14
04/23/14
04/22/14

Daily Readings


First Reading:: Acts 3:11-26
Gospel:: Lk 24:35-48

Saint of the Day

Easter Sunday »

Saint
Date
04/24/14
04/22/14

Homily of the Day

Lk 24:35-48

Homily
Date
04/24/14
04/23/14
04/22/14

Ads by AdsLiveMedia.com

Ads by AdsLiveMedia.com
     HTML
Text only
Headlines
  

Follow us: