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	Catholic Diocese of S.D. Filing for Bankruptcy By Andrea Hsu KPBS [San Diego CA] February 27, 2007 http://www.kpbs.org/news/local?id=7507 The Catholic Diocese of San Diego is filing for bankruptcy. The announcement was posted on the Diocese's website this afternoon. KPBS Radio's Andrea Hsu has more. In a pastoral statement, San Diego Bishop Robert Brom said settlement negotiations around cases of sexual abuse by clergy have been unsuccessful. He said the demands made by the plaintiffs exceeded the financial resources of the diocese and its insurance carrier. Brom added that a Chapter 11 reorganization is the best way to compensate all the victims fairly and equitably... Within the resources of the Diocese. He said the Diocese will present to the court a statement of assets and a plan for compensating victims. The Diocese will also disclose the names of those accused of abuse, as well as the extent of their abuse. Last week, an attorney representing sex abuse victims said a bankruptcy filing was simply a tactical move to prevent the trials from going forward. ... And just another act of abuse against the victims.
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