[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help] 

Status: Not Logged In; Sign In

How Anish heat a barn

This is an Easy Case SCOTUS Takes On The UN and Mexico's Gun Control Alliance!

Would China Ever Invade Russia? Examining a Possible Scenario

Why Putin Can NEVER Use a Nuclear Weapon

Logical Consequence of Freedom4um point of view

Tucker Carlson: This current White House is being run by Satan, not human beings

U.S. Submarines Are Getting a Nuclear Cruise Missile Strike Capability: Destroyers Likely to Follow

Anti-Gun Cat Lady ATTACKS Congress Over Mexico & The UN!

Trump's new border czar will prioritize finding 300,000 missing migrant children who could be trafficking victims

Morgan Stanley: "If Musk Is Successful In Streamlining Government, It Would Broaden Earnings Growth And Stock Performance"

Bombshell Fauci Documentary Nails The Whole COVID Charade

TRUTH About John McCain's Service - Forgotten History

Bombshell Fauci Documentary Nails The Whole COVID Charade

Joe Rogan expressed deep concern that Joe Biden and Ukrainian President Zelensky will start World War III

Fury in Memphis after attempted murder suspect who ambushed FedEx employee walks free without bail

Tehran preparing for attack against Israel: Ayatollah Khamenei's aide

Huge shortage plagues Israeli army as losses mount in Lebanon, Gaza

Researchers Find Unknown Chemical In Drinking Water Posing "Potential Human Health Concern"

Putin visibly ‘shocked’ by US green-light for long-range missiles to strike inside Russia

The Problem of the Bitcoin Billionaires

Biden: “We’re leaving America in a better place today than when we came into office four years ago … "

Candace Owens: Gaetz out, Bondi in. There's more to this than you think.

OMG!!! Could Jill Biden Be Any MORE Embarrassing??? - Anyone NOTICE This???

Sudden death COVID vaccine paper published, then censored, by The Lancet now republished with peer review

Russian children returned from Syria

Donald Trump Indirectly Exposes the Jewish Neocons Behind Joe Biden's Nuclear War

Key European NATO Bases in Reach of Russia's Oreshnik Hypersonic Missile

Supervolcano Alert in Europe: Phlegraean Fields Activity Sparks Scientists Attention (Mass Starvation)

France reacted to the words of a US senator on sanctions against allies

Trump nominates former Soros executive for Treasury chief


Religion
See other Religion Articles

Title: Parishes in Oregon Battle to Keep Assets Held by Bankrupt Archdiocese
Source: TBO
URL Source: http://ap.tbo.com/ap/breaking/MGBJ8NPKH8E.html
Published: May 8, 2005
Author: Joseph B. Frazier
Post Date: 2005-05-08 15:49:36 by Mr Nuke Buzzcut
Keywords: Archdiocese, Parishes, Bankrupt
Views: 70
Comments: 1

Parishes in Oregon Battle to Keep Assets Held by Bankrupt Archdiocese

By Joseph B. Frazier Associated Press Writer
Published: May 8, 2005

PORTLAND, Ore. (AP) - Roman Catholic parishes and schools are competing with alleged victims of clerical sex abuse to claim assets held by the Archdiocese of Portland, the first in the country to file for bankruptcy because of abuse settlements.

Court records show that about 340 claims, totaling $198 million, were made on the archdiocese by the April 29 deadline set by U.S. Bankruptcy Court Judge Elizabeth Perris.

The attorneys listed in the documents and the large sums sought suggest about 150 of those claims may be related to sex abuse. Because many of the claims are sealed and don't have a specific amount listed, church officials believe they could surpass $530 million.

The rest of the claims, however, have no clear ties to sex abuse allegations, with at least 37 churches and parochial schools among the claimants, seeking about $115,000.

The archdiocese is responsible for 124 Catholic parishes and more than 50 schools in western Oregon, the most populous part of the state. Investment funds and other money the archdiocese has held for them were frozen by the bankruptcy filing.

Additionally, in the coastal town of Florence, nearly 100 claimants are seeking the return of $775,000 in church building fund money that is being held by the archdiocese and is also now frozen. The church's building permits are soon to expire.

On Monday, Perris has scheduled the first of many hearings to determine whether parishes and schools can claim a right to their own assets or whether those assets belong to the archdiocese, making them available to alleged victims of sexual abuse.

"Our claims are not hostile claims," said Doug Pahl, an attorney representing the parishes. "They are claims that preserve the rights of parishes and parishioners to assets they think should be devoted to the charitable and religious causes for which they were intended."

The funds in question, he said, "were raised with the clear understanding that they were for missions and the purposes of the parishes and that those are distinct from ownership by the archdiocese."

He said that while parishes do not have separate corporate status, Oregon law focuses on donor intent.

But attorneys for abuse victims say parish assets should be available to pay archdiocese debts.

"All parish assets are owned, including real estate, in the name of the archbishop of Portland for the Portland Archdiocese," attorney Michael Morey said. "There is no other legal entity that is the legal owner of those properties. They have always been fully owned and controlled by the archdiocese."

He said that, in addition to parish real estate and cash, there are substantial insurance assets that should be in the pool of resources available to claimants.

Carl Felsenfeld, a law professor and bankruptcy specialist at Fordham University in New York City, said parishes and church schools are doing the smart thing by filing claims.

"If the archdiocese owes it to them, they would be well-advised to put in a claim to get it back," he said. "Otherwise it might get moved into the estate of the archdiocese to be used to pay bills generally."

He said there is a priority list under bankruptcy law that determines which creditors get paid first, but he was not sure where sex abuse victims' claims would come in. Who gets what will depend on how deep the courts determine the archdiocese's pockets are.

Assessor's records say church property is worth at least $300 million, including parishes, schools and an abbey. Creditors' attorneys estimate those assets could reach $500 million.

Before it filed for bankruptcy protection last July, the archdiocese had settled about 130 abuse lawsuits dating from 1950 through 2003 for $53 million.

The dioceses of Tucson, Ariz., and Spokane, Wash., also have filed bankruptcy claims because of sex abuse allegations.

---

On the Net:

Portland Archdiocese: http://www.archdpdx.org/


There's no excuse for allowing the church to hide its assets and thereby screw over the victims that were cornholed by the clergy for years.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: Mr Nuke Buzzcut (#0)

Amen.

Lod  posted on  2005-05-08   16:39:56 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest


[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Sign-in]  [Mail]  [Setup]  [Help]