The diocese of Camden in New Jersey has become the second diocese in the United States to file for bankruptcy last week.
Bishop Dennis Sullivan of Camden announced the decision on Oct 1 and said new abuse lawsuits and the $8 million in payouts had forced the diocese to file for bankruptcy.
I take some comfort that we are not alone in making this decision, as we have seen that well-known public entities and other Catholic dioceses across the country have been forced recently to do likewise, said Bishop Sullivan.
The prelate cited a triple blow of new abuse lawsuits, a drop in donations, and the $8 million in payouts through the New Jersey Independent Victims Compensation Program as the reason behind the bankruptcy.
Bishop Sullivan said h…
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