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	Davenport Diocese Says It's Considering Filing for Bankruptcy By Courtney Brennan WQAD September 20, 2006 http://www.wqad.com/Global/story.asp?S=5430919&nav=1sW7 Davenport, Iowa - The Davenport Catholic Diocese could be looking at bankruptcy after it lost a sexual abuse lawsuit yesterday in Scott County court. The diocese was ordered to pay Michl Udhe 1.5 million dollars after the jury ruled in his favor. The Davenport Diocese released a statement today that said it doesn't have an insurance policy to cover the settlement. Now, Davenport parishioners are worried their church will fold because of the lawsuit. Bankruptcy attorney Barry Barash says the diocese will probably file for chapter 11 bankruptcy...that would give the diocese time to reorganize, figure out what assets can be sold and how to make enough money to pay Udhe. Barash says putting a monetary value on a diocese is difficult, but it can be done. Churches have assets just like other businesses - in loose cash, vehicles, furniture, fixtures and buildings. Saint Anthony's in downtown Davenport is a perfect example of the diocese's prime real estate. But to the parishioners, it's not a building that should be put up for sale.
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