Click here to advertise on CatholicCulture.org

Stockton diocese likely to be 10th in US to enter bankruptcy

Catholic World News - December 03, 2013

The Diocese of Stockton, California will almost certainly declare bankruptcy in early 2014.

In a letter to the faithful of the diocese, Bishop Stephen Blaire said that a final decision on bankruptcy has not yet been made, but “no viable option has emerged other than reorganizing financially under the protection of bankruptcy court."

“Moving in this direction will enable us to continue to meet our obligations to the victims of sexual abuse, to the poor and vulnerable, and to you, our people,” Bishop Blaire said.

The bishop said that the diocese would make its final decision early in 2014. He urged Catholic organizations with connections to the diocese to study their own financial positions, to see how bankruptcy might affect them, and whether the creditors of the diocese might seek their assets.

The Stockton diocese will likely become the 10th Catholic diocese in the US to seek protection from federal bankruptcy courts in the aftermath of the sex-abuse scandal. In the Stockton case, the diocese has already paid $18.7 million to settle lawsuits brought by abuse victims, and the bishop revealed that the diocese cannot afford to pay the settlements required to resolve pending suits.

Additional sources for this story
Some links will take you to other sites, in a new window.

An appeal from our founder, Dr. Jeffrey Mirus:

Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!

Our Fall Campaign
Progress toward our year-end goal ($27,707 to go):
$150,000.00 $122,292.96
18% 82%
Sound Off! CatholicCulture.org supporters weigh in.

All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!

Show 2 Comments? (Hidden)Hide Comments
  • Posted by: nix898049 - Dec. 05, 2013 1:46 PM ET USA

    How does fining the diocese into bankruptcy right the wrongs done? I have just never understood the logic of putting a price-tag on this offense. Wouldn't pastoral care be a more reasonable demand? Isn't the offended person's soul the more important consideration? Do these people really experience compensation with the cash in hand? As meanwhile they ensure the suffering of the innocent faithful and those the diocese could have helped. There's more afoot here. Holy Mary, pray for us.

  • Posted by: shrink - Dec. 03, 2013 4:34 PM ET USA

    Stockton... Stockton... that name rings a bell! Oh yes, that's where Cdl (don't tell me about sex abuse Roger) Mahoney got his start as bishop.

Fall 2014 Campaign
Subscribe for free
Shop Amazon
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Another side of Francis: US-Cuba role shows Pope's diplomatic muscle 4 hours ago
Silly season: a Christmas approaches, a scholar questions whether Jesus ever existed 5 hours ago
The intrinsic immorality of torture: still not convinced? 10 hours ago
The Complexity of Reforming Religious Communities December 17
Speaking Softly to Women Religious December 16

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis: Europe seems 'elderly and haggard' CWN - November 25
Pope Francis, Ecumenical Patriarch sign joint declaration, lament persecution of Christians CWN - December 1
Consistory for new cardinals scheduled for February CWN - December 11
Vatican report on US women religious calls for further self-assessment CWN - December 16
Pope brokered deal to open US-Cuba ties CWN - December 17