Loading
U.S. archdiocese in bankruptcy court asks permission to pay workers

.- The Archdiocese of Portland has asked the U.S. Bankruptcy Court for permission to pay its 112 employees, reported The Oregonian.

The archdiocese filed for bankruptcy protection July 6 in the face of numerous sexual abuse cases. Decisions in these court cases could require the archdiocese to pay millions of dollars in compensation, which it just does not have.

The Archdiocese of Portland is only one of several dioceses which have considered filing for bankruptcy as a means to protect their pastoral works and ministry from the courts.

Though the Archdiocese of Portland’s revenues are up to about $15.7 million this year, compared with $9.9 million last year, the archdiocese, having filed for Chapter 11 protection, cannot distribute these funds as usual. 

Under bankruptcy law, the archdiocese would be required to transfer all the money in its current accounts into new general, payroll and tax accounts. The new accounts would require signature cards, indicating that the archdiocese can continue to operate itself.

However, the archdiocese is asking the court to excuse it from that requirement. Switching to new accounts, it said, would disrupt operations and create expenses for new checks and other business forms.

The archdiocese's chief financial officer, Leonard Vuylsteke, said in a filing that the archdiocese will have to issue paychecks to a total of about $382,000 to its 90 full-time and 22 part-time employees by July 31. In addition, the archdiocese spends more than $100,000 a month to provide numerous employee benefits. Medical and prescription insurance alone costs $75,000 a month.


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

A Look at India from Rome
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"
Synod on the Family October 2014
Preferential option for the poor
God is alive, even in sport
'A forbidden God' named Best Film at the International Catholic Film Festival
Vatican backs a 'Pause for Peace' during World Cup final
The effects of religious violence in Sarajevo 
The origin of Corpus Christi 
Corpus Christi at the Vatican 
Homage to an Indian Cardinal
Train of the Child's Light
New book explaining gestures of the Mass
Encounter between Pope Francis and the Charismatic Renewal in the Spirit Movement.
Religious tensions subside amid Balkan floods
Jul
31

Liturgical Calendar

July 31, 2014

Saint Ignatius of Loyola, Priest

All readings:
Today »
This year »

Catholic Daily

Gospel of the Day

Mt 13:47-53

Gospel
Date
07/31/14
07/30/14
07/29/14

Daily Readings


First Reading:: Jer 18: 1-6
Gospel:: Mt 13: 47-53

Saint of the Day

St. Ignatius of Loyola »

Saint
Date
07/28/14

Homily of the Day

Mt 13:47-53

Homily
Date
07/31/14
07/30/14
07/29/14

Ads by AdsLiveMedia.com

Ads by AdsLiveMedia.com
     HTML
Text only
Headlines
  

Follow us: