Denver, Colo., Mar 16, 2023 / 09:47 am
The Catholic Diocese of Albany has decided to file for bankruptcy, saying a financial reorganization will help provide some compensation for the hundreds of sex abuse victims who have filed lawsuits.
“I understand this filing causes uncertainty, but as a Church and a community of faith, we must recognize that victim-survivors are our sons and daughters, and our brothers and sisters, and all of us, without exception, must work together to find ways to help them,” Bishop Edward B. Scharfenberger of Albany said in a March 15 statement.
“It’s a natural thing for us to do, especially for those who have been hurt by an institution we are all called to be a part of. We must reach out to all and journey with them through the healing process,” the bishop’s statement read.
Parishes and schools are not part of the filing and are incorporated as different entities, the bishop said.