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?)

Featured Videos

Pilgrimage from Czech Republic to Assisi and Rome for intentions
Pilgrimage from Czech Republic to Assisi and Rome for intentions
Testimony of young Indian who met Pope in Korea
Preparations of the Closing Mass of 6th Asian Youth Day
Missionary of Charity, Korea
Testimony of Christian Love during Pope's Visit to Korea
Religious Sisters in South Korea react to Pope Francis kissing a baby
Warm atmosphere during Holy Mass at Daejeon World Cup Stadium
Images inside Pope Francis flight to South Korea
The tombs of the early Christians
Missionaries of Africa, called "the White Fathers"
Italian youth give testimony after mission to Peru
Interview with Iraqi Ambassador to the Holy See on the persecution of Christians
New book 'The Vatican unknown'
A Look at India from Rome
3D Church mapping
#PAUSEforPeace Initiative
Dedicating art to San Juan de la Cruz
A state without territory elects new government
The renewal of the Legionaries of Christ
Presentation of the book "The Pastor"
Aug
27

Liturgical Calendar

August 27, 2014

Saint Monica

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Mt 23:27-32

Gospel
Date
08/27/14
08/26/14
08/25/14

Daily Readings


First Reading:: 2 Thess 3: 6-10, 16-18
Gospel:: Mt 23: 27-32

Saint of the Day

St. Monica »

Saint
Date
08/27/14

Homily of the Day

Mt 23:27-32

Homily
Date
08/27/14
08/26/14
08/25/14

Ads by AdsLiveMedia.com

Ads by AdsLiveMedia.com
     HTML
Text only
Headlines
  

Follow us: