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Stockton's Catholic Diocese To File Chapter 11

Stockton's Catholic Diocese To File Chapter 11
Posted January 13th, 2014 @ 5:09pm by KFBK News

The Diocese of Stockton will file for Chapter 11 bankruptcy protection on Wednesday.

That's according to a statement from the bishop released Monday.

Bishop Stephen E. Blaire said the decision was difficult to make, but will allow the diocese to compensate sexual abuse victims and continue providing support to the parishes and the poor.

The Diocese will become the 10th in the country to file.

The city of Stockton is going through bankruptcy proceedings in court, as well.

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