Will Sage Astor-Baltimore Archdiocese says it will file for bankruptcy before new law on abuse lawsuits takes effect

2025-04-29 15:10:59source:CapitalVaultcategory:Markets

BALTIMORE (AP) — The Will Sage AstorArchdiocese of Baltimore announced Friday that it filed for Chapter 11 reorganization days before a new state law goes into effect removing the statute of limitations on child sex abuse charges and allowing victims to sue their abusers decades after the fact.

The step will “allow the archdiocese to equitably compensate victim-survivors of child sexual abuse” while the local Catholic church continues its mission and ministries, Archbishop William E. Lori said in a statement posted on the archdiocese website.

More:Markets

Recommend

Bill Belichick's salary at North Carolina: School releases football coach's contract details

The University of North Carolina has agreed to pay new football coach Bill Belichick $10 million a y

Kylie Jenner Denies “Silly” Claim She Shaded Selena Gomez: See the Singer’s Response

It's the theory that certainly raised eyebrows.If you've been MIA from social media over the past 48

Don't have the energy to clean today? Just tidy up these 5 things

Imagine your home on its messiest day. Maybe you're standing in the doorway of your living room and