Bankruptcy filing provides rare window into diocese finances
Archbishop John C. Wester, head of the Archdiocese of Santa Fe, pauses while announcing the diocese will be filing for Chapter 11 bankruptcy protection next week, as clergy sex abuse claims have depleted its reserves, during a news conference in Albuquerque, N.M., on Thursday, Nov. 29, 2018. (AP Photo/Susan Montoya Bryan) ALBUQUERQUE, N.M. – New Mexico's largest Catholic diocese has spent hundreds of thousands of dollars in recent months on lawyers to fight claims of clergy sex abuse and to prepare for a potentially lengthy battle in U.S. Bankruptcy Court. The Archdiocese of Santa Fe's petition for reorganization provides a rare look into the finances of a religious organization that for decades has been wrestling with the financial and social consequences of a scandal that rocked churches across the country. Archbishop John Wester describes the filing as an equitable thing to do as church reserves dwindle. He says compensating the victims is a top priority. Nati...