STOCKTON, CA - The spiritual leader of the Catholic Diocese of Stockton said Friday that declaring bankruptcy was a distinct likelihood.
In his letter to parishioners, Bishop Stephen Blaire said paying legal settlements to victims of sexual abuse committed by diocese personnel has tapped out the diocese's finances.
READ: Statement from Bishop Stephen E. Bishop to parishioners
Blaire assured parishioners that diocese entities and programs (parishes, Catholic high schools, Catholic cemeteries, the Madonna of Peace retreat center, Church for Tomorrow, Catholic Charities, SEEDS) organized as separate corporations should not be subject to the possible bankruptcy filing.
Blaire said there would be meetings with parishes, pastors and others in the coming weeks to determine the financial course of action for the diocese.