Helena diocese enters bankruptcy
Catholic World News - February 12, 2014
The Diocese of Helena, Montana has formally filed for federal bankruptcy protection, becoming the 11th American diocese to take that step in the wake of the sex-abuse scandal.
In seeking protection under Chapter 11 of federal bankruptcy law, the diocese listed $33.6 million in liabilities against only $16 million in assets. The diocese did not list the properties held by parishes, schools, and other Catholic institutions in the diocese that are separately incorporated, but said that the total financial value of those assets would approach $33 million.
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!
Progress toward our July expenses ($21,532 to go):
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!