Puerto Rico's Archdiocese of San Juan filed for bankruptcy on Wednesday after officials embargoed $4.7 million from its accounts following a lawsuit filed by retired Catholic school teachers seeking their pensions. She said the Archdiocese cannot pay its water or power bills, has halted all charity work and is relying on a group of volunteers. The ruling comes two years after Archdiocese officials informed several hundred teachers that their pensions would be eliminated because payouts exceeded contributions, which led to the lawsuit. Conde said it's the first time the Archdiocese has filed for Chapter 11 bankruptcy. She said officials embargoed 21 Archdiocese accounts that hold a total of $606,000 and froze another 12 accounts that have nearly $341,500 in them.

Source: Fox News August 30, 2018 00:11 UTC