Back to homepage Arts | Entertainment Boston Globe Online BostonWorks Real Estate Sports digitalMass Travel The Boston Globe Spotlight Investigation Abuse in the Catholic Church
HomePredator priestsScandal and coverupThe victimsThe financial costOpinion
Cardinal Law and the laityThe church's responseThe clergyInvestigations and lawsuits
Interactive2002 scandal overviewParish mapExtrasArchivesDocumentsAbout this site
2014 update

Crux, a Catholic news site

A new site from the Boston Globe includes news updates on clergy abuse and other Catholic issues.
 Latest coverage

April 30
Archdiocese sets $10.5m goal

April 29
Insurer files countersuit

April 21
BC buys diocese headquarters
Sale leaves neighbors wary
Deal was a match for both
School expands its footprint

April 3
Archdiocese cites $14m loss

February 24
Proceeds to benefit diocese

January 13, 2004
O'Malley seeks closing advice

January 10, 2004
Letter: Accept pain of closings

January 4, 2004
Dot parish struggles to survive

December 17
O'Malley plans aggressive cuts

December 14
BC's chance to relieve squeeze

December 10
Parishes closure candidates

December 9
Diocese to mortgage seminary

December 7
Property piques BC's interest

December 6
BC board backs land deal

December 5
BC eyes archdiocese land
Neighbors watch property sale

Earlier stories

Spotlight Report

Advisers to weigh bankruptcy option

By Stephen Kurkjian, Globe Staff, 12/4/2002

The possibility of the Archdiocese of Boston filing for bankruptcy will probably be raised today at a meeting of Cardinal Bernard F. Law's board of financial advisers, several members said yesterday.

Law has yet to decide whether to accept the recommendation of several top legal and financial advisers to file for Chapter 11 as a way to pay more than 400 victims of clergy sexual abuse who have made claims against the archdiocese.

''He is still undecided, so there's nothing for us to vote on,'' said one member, referring to the quarterly meeting of the Archdiocese Finance Council. ''But I cannot imagine the topic won't be raised and discussed.''

No US diocese has ever filed for bankruptcy.

If Law decides to go forward with a bankruptcy petition, he would need the official sanction of the Vatican as well as the 15-member Finance Council.

The council, which in the past acted essentially as a sounding board on financial issues for the cardinal, has taken a more indepedent role in dealing with the clergy sexual abuse scandal.

In May, the group rejected Law's request to approve a plan to pay $15 million to $30 million to 86 people who had made complaints against defrocked priest and convicted molester the Rev. John J. Geoghan, saying the deal was too expensive. In September, the council approved a $10 million plan for the victims.

This story ran on page A24 of the Boston Globe on 12/4/2002.
© Copyright 2002 Globe Newspaper Company.

© Copyright 2004 The New York Times Company
Advertise | Contact us | Privacy policy