Thursday, November 11, 2004

Diocese of Spokane Filing for Bankruptcy

From Bankruptcy for diocese:

"A week after failed settlement talks with victims of clergy sex abuse, the Roman Catholic Diocese of Spokane announced Wednesday that it will file for bankruptcy by the end of the month.

The move won't close schools or parishes, but it will stop a civil lawsuit from going to trial on Nov. 29. Filing for Chapter 11 also forces the diocese to surrender its financial records for public scrutiny.

'We are not a wealthy diocese,' Bishop William Skylstad said during a press conference Wednesday. He said filing for bankruptcy accomplishes two goals: 'All claims will be treated equally, fairly, with justice' while allowing the diocese to continue its ministry and mission in Eastern Washington."