Bankruptcy #19: Diocese of Rochester Files for Protection
The Roman Catholic Diocese of Rochester, facing potentially huge judgments for past sexual abuse by its priests and other ministers, filed bankruptcy Thursday morning. The diocese filed a petition for Chapter 11 reorganization in the U.S. Bankruptcy Court in Rochester at about 9:30 a.m. The petition estimates the diocese’s assets as $50 million to $100 million —and its financial liabilities as … Read more