Baltimore Archdiocese Seeks Bankruptcy Amid Abuse Lawsuits (2)

The Archdiocese of Baltimore filed for bankruptcy ahead of deluge of lawsuits it anticipates it will face as Maryland reopens its statute of limitations for child sexual abuse on Oct. 1.

The Catholic institution filed for Chapter 11 relief in Maryland on Friday, listing estimated liabilities between $500 million and $1 billion in its petition. It listed assets between $100 million and $500 million.

Baltimore Archbishop William E. Lori said in a release Friday that he expects the reorganization to occur over “the next two to three years.” The petition lists an estimated 685 potential clergy abuse survivors.

“Chapter 11 ...