BUFFALO, N.Y. - The Roman Catholic Diocese of Buffalo faces near certain bankruptcy after posting a $5 million loss in 2019, and with a barrage of lawsuits from the clergy misconduct scandal still pending, according to a financial report released Thursday. The diocese would become the second of New York’s eight dioceses to seek bankruptcy protection. Nationwide, more than 20 dioceses have sought bankruptcy protection in a sexual misconduct reckoning that has spanned nearly two decades. It was the second consecutive yearly loss for the diocese of 163 parishes and missions across eight counties. Filing for bankruptcy protection, the report said, “best allows the CAO to manage the claims adjudication process in an orderly manner, as well as to ensure the equitable treatment of all claimants.”

Source: thestar January 31, 2020 00:00 UTC