Catholic Church Scandal!

With a self-imposed deadline looming to file a plan to reorganize New Orleans’ bankrupt Roman Catholic archdiocese, a committee representing about 500 survivors of clergy sexual abuse in south-east Louisiana on Friday proposed that the organization, its affiliated churches, ministries, schools and their insurers should pay more than $1bn to settle their claims.

The archdiocese quickly answered with its counter-proposal: $62.5m, or more than $900m less.

Looking at it another way, the survivors are seeking $2m per claim – the church is offering $125,000 on average.

The vast majority of the money in the abuse claimants’ proposal – roughly $800m – should come from insurance companies, according to the plan filed on Friday in US bankruptcy court by a negotiating committee representing the abuse creditors. Meanwhile, the archdiocese should pay $84m and its affiliates – known as apostolates – should chip in $133m.


In the church’s competing plan, the archdiocese was prepared to offer $50m and its apostolates $12.5m. Nothing additional would come from the archdiocese’s insurers.…..


https://www.theguardian.com/us-news...c-church-abuse-victims?CMP=Share_iOSApp_Other
Close the whole thing, sell off its assets sounds like a nice compromise