The Archdiocese of St. John’s has filed for bankruptcy.
Archbishop Peter Hundt announced via a press release on Tuesday afternoon that the Archdiocese had filed a notice of intention to make a proposal under the Bankruptcy and Insolvency Act.
âIn the past year, since the judicial decision became final that the Archdiocese was vicariously liable for the abuse allegations at the Mount Cashel Orphanage in the 1940s, 1950s and 1960s, we have worked hard to determine the best way to resolve these complaints. while ensuring the continued practice and celebration of our Catholic faith, âsaid Hundt.
âIndeed, we will be asking for additional time to complete our valuation of our assets, launch a formal appeal for claims against the Archdiocese and develop a proposal for our creditors to settle victims ‘claims and creditors’ debts. This process will involve the Archdiocese marketing diocesan properties, including church buildings, to meet demands. It will be a transparent process arbitrated by the Supreme Court of Newfoundland and Labrador.
Hundt said the church is committed to resolving victims’ claims and “hopes that by doing so we can bring some healing to them, their families and all those who have been hurt by sexual abuse. “.
Hudnt said he would meet with parishes and groups in the coming weeks.