TUCSON (AZ)
Arizona Daily Sun
05/15/2005
TUCSON (AP) -- Four objections have been submitted to a bankruptcy court considering a request by the Roman Catholic Diocese of Tucson to cap its payout for sex-abuse claims at $20 million.
The objections are in response to the diocese's proposal that would make initial payments to alleged abuse victims that would range from $100,000 to $600,000, depending on the severity of the abuse, according to court records.
The deadline to file an objection with the court was Friday.
Critics say the cap falls short of compensating victims whose claims are substantiated.
The diocese maintains it doesn't have enough money to pay all claims and that the bankruptcy reorganization is the only way to pay off plaintiffs and other creditors fairly while preserving the diocese.
The diocese listed $16.6 million in assets and $20.7 million in liabilities when it filed for bankruptcy protection, not including parishes.
Posted by kshaw at May 15, 2005 05:18 PM