The Albany diocese, like others in the state, is dealing with a deluge of lawsuits.
Bishop Edward Scharfenberger announced the Chapter 11 filing after months of negotiations between the upstate New York diocese and lawyers representing plaintiffs over a potential settlement.Start your day with a roundup of B.C.-focused news and opinion delivered straight to your inbox at 7 a.m., Monday to Friday.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc.
The bishop said that as cases brought under the state’s Child Victims Act were settled, “our limited self-insurance funds which have been paying those settlements, have been depleted.” He said the bankruptcy filing was the best way to ensure that all survivors with pending litigation receive some compensation.Article content
Dioceses across the nation have filed for bankruptcy protection in recent years. In New York, Albany is the fifth of eight dioceses to take the action, a list that includes those based in Buffalo, Rochester and Rockville Centre on Long Island.
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