Washington, D.C. Newsroom, Aug 5, 2023 / 12:22 pm
San Francisco Archbishop Salvatore Cordileone on Friday revealed that it was “very likely” that the archdiocese would be filing for bankruptcy in the near future due to the hundreds of clerical abuse lawsuits that have been filed against it.
The prelate revealed the news in an announcement on the archdiocesan website Aug. 4 in which he noted that, following a 2019 California law that lifted the statute of limitations on certain sexual abuse claims, the archdiocese was ultimately served with “more than 500 civil lawsuits” related to clerical sexual abuse.
The “vast majority of the alleged abuse occurred in the 1960s, 1970s, and 1980s and involved priests who are deceased or no longer in ministry,” Cordileone noted, while others involved “unnamed individuals or named individuals who are unknown to the archdiocese.” The archdiocese has been “investigating the best options for managing and resolving these cases,” Cordileone said.
“After much contemplation and prayer, I wish to inform you that a Chapter 11 bankruptcy reorganization is very likely,” Cordileone said.