New Orleans Archdiocese says parishes will be asked to help pay for clergy abuse settlements

Reilly said dioceses across the country have argued that it is a better deal for creditors to accept settlement trusts partially funded by all the dioceses’ parishes, rather than — as some creditors will do — pushing for a complete liquidation of the diocese’ assets under Chapter 7 bankruptcy. 

In addition to providing information about the channeling injunction, Aymond said the archdiocese is working to “reduce the number of properties owned by the Archdiocese of New Orleans and our apostolates.” 

“Soaring insurance rates and costly maintenance have impacted our ability to maintain appropriately the over 1,400 pieces of property and remain good stewards of our resources. This work will be a very important factor to determining contributions asked of the apostolates as well,” he said. 

Aymond concluded by stating that he…