1 December 2002
They love that dirty water
The embattled archdiocese of Boston, having been unable to settle some 450 claims of sexual abuse by its clergy, is now on the verge of filing for Chapter 11 bankruptcy protection.
There are distinct advantages to a Chapter 11 filing. Existing civil lawsuits will be suspended; no new suits can be filed. But there is also a downside: the filing will be widely construed as an admission of liability by the archdiocese, and their financial records will be opened to the public for the first time. Some church properties notably, the chancery in Brighton, to include Cardinal Law's residence are likely to be turned over to the court to pay claims against the church.
Cynics, of course, will scoff. "They're already morally bankrupt; this just takes care of the money."
(Muchas gracias: Bill Peschel.)