Guam's Catholic Church Declares Bankruptcy Amid Child Abuse Claims
Guam's Catholic Church Declares Bankruptcy Amid Child Abuse Claims
Guam’s Catholic Church, reeling from a series of child sexual abuse lawsuits, filed for bankruptcy Wednesday.The motion, writes the Associated Press, will let the archdiocese avoid trial. The U.S. territory’s branch of the Catholic church currently has dozens of legal cases pending against it.Attorney Ford Elsaesser, working on behalf of the church, said the Chapter 11 petition was filed with a federal court in Guam. More than 190 individuals have already filed suit, with millions of dollars at stake.Elsaesser, says the AP, isn’t sure what amount the church can offer in a potential settlement. Its current assets are valued at nearly $23 million, although it has double that amount in liabilities. The archdiocese plans to sell non-essential real estate to bolster its settlement fund.Declaring bankruptcy would allow the church to maintain its operations, keeping parishes and parochial schools open.Ultimately, the filing would halt victims’ lawsuits and set a deadline for new claims.
Petition to file for bankruptcy; image by Melinda Gimpel, via Unsplash.com.
Sources
Guam Catholic Church enters bankruptcy amid sex abuse claimsGuam Catholic Church enters bankruptcy amid sex abuse claimsGuam Catholic church to file bankruptcy amid abuse lawsuits
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Ryan Farrick is a freelance writer and small business advertising consultant based out of mid-Michigan. Passionate about international politics and world affairs, he’s an avid traveler with a keen interest in the connections between South Asia and the United States. Ryan studied neuroscience and has spent the last several years working as an operations manager in transportation logistics.