WATCH: Diocese of Burlington Becomes 35th U.S. Diocese to Declare Bankruptcy, by NBC News

The Roman Catholic Diocese of Burlington has filed for bankruptcy protection after years of financial losses from settlements paid to survivors of clergy sexual abuse.

Vermont’s last remaining diocese joins 39 other U.S Catholic religious organizations that have filed for Chapter 11 bankruptcy which allows entities to continue normal operations while reorganizing finances.

Reorganization “is in the best interests of the Diocese, its creditors, and all parties in interest,” the Burlington Diocese argued in an emergency motion filed alongside its bankruptcy petition on Sept. 30.

Continue reading at the Burlington Free Press

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