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Roman Catholic Diocese of Albany declares bankruptcy

Mar 16, 2023 1:01 am

Andrea Macko reports in Porcupine Soup that the Roman Catholic Diocese of Albany has declared bankruptcy. Of the state’s eight Catholic dioceses it is the fifth to declare bankruptcy. The action puts any Child Victims Act sexual abuse lawsuits against the diocese on pause. The Albany diocese includes Greene County and thirteen other upstate counties. Bishop Edward B. Scharfenberger blamed the bankruptcy on all the sexual abuse lawsuits filed against the church. Scharfenberger said, “As more Child Victims Act cases reached large settlements, our limited self-insurance funds which have been paying those settlements, have been depleted. The Chapter 11 filing is the best way, at this point, to ensure that all victim/survivors with pending CVA litigation will receive some compensation." Read more about this story in Porcupine Soup.

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