Source: New York Post
The Archdiocese of New York is reportedly in danger of bankruptcy unless it raises hundreds of millions of dollars to pay off roughly 1,700 people who allege priests and lay staff members sexually abused them as minors. Parish pastors were told during an April 17 emergency meeting at St. Joseph College and Seminary in Yonkers that despite cost-cutting — which included $800 million in real estate selloffs over the past two years — a $300 million fund to pay off the victims is still well short of what’s needed to reach a global settlement, Our Town reported.
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