Diocese of Rochester files for bankruptcy — September 12, 2019

Diocese of Rochester files for bankruptcy — September 12, 2019

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RIGHT NOW- ROCHESTER’S CATHOLIC DIOCESE IS FILING FOR BANKRUPTCY THE CASE WAS ACCPETED BY U-S BANKRUPTCY COURT A LITTLE MORE THAN TWO HOURS AGO. THE DIOCESE BELIEVES IT OWES MORE MONEY THAN IT HAS ON HAND AFTER DOZENS OF NEW SEXUAL ABUSE LAWSUITS WERE FILED. NEW YORK SUSPENDED THE STATUTE OF LIMITATIONS FOR FILING THOSE CASES UNDER THE CHILD VICTIM’S ACT. LIA LANDO IS IN THE NEWSROOM WITH THE DETAILS. ROCHESTER’S DIOCESE IS THE FIRST IN NEW YORK STATE TO FILE FOR BANKRUPTCY. IT FILED FOR CHAPTER ELEVEN – WHICH MEANS IT CAN CONTINUE TO OPERATE WHILE IT WORKS TO PAY OFF ITS DEBTS. HERE ARE THE FINANCIAL ESTIMATES FROM THE BANKRUPTCY FILING: THE DIOCESE SAYS IT HAS BETWEEN 50 AND ONE HUNDRED MILLION DOLLARS IN ASSETS. DIOCESE LAWYERS ESTIMATE IT WILL OWE UP TO FIVE HUNDRED MILLION DOLLARS FROM THE PENDING LAWSUITS. AND IT SAYS THERE ARE AS MANY AS NINE HUNDRED -99 PEOPLE WHO ARE SEEKING MONEY FROM THE CHURCH. ONCE AGAIN—–ROCHESTER’ S CATHOLIC DIOCESE IS FILING FOR BANKRUPTCY….CHAPTE R 11. THIS ALLOWS IT TO REORGANIZE FINANCES AND PAY OFF THOSE DEBTS. IN THE NEWSROOM LIA LANDO NEWS EIGHT. THERE HAS BEEN NO STATEMENT BY THE DIOCESE YET. ((WEBLICK)) BUT IT HAS SCHEDULED A NEWS CONFERENCE TODAY AT FOUR-30 WE’LL CARRY IT LIVE HERE ON NEWS 8 … OR WATCH IT LIVE ON OUR WEBSITE AT ROCHESTER FIRST DOT COM. ((MARK/1SH)) A GUILTY PLEA FOR ALBERTO REYES.. THE MAN ACCUSED OF KILLING HIS FORMER GIRLFRIEND AND HER INFANT CHILD.. AND THEN TRYING TO

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