Case Filing Information

The Diocese of Syracuse filed for chapter 11 bankruptcy on June 19, 2020. In its initial case filings, the Diocese explained that it filed for bankruptcy to “(a) maximize its assets (including any available insurance assets) in order to provide the greatest recovery for the greatest number of abuse victims; (b) to provide an orderly claims administration process that will ensure fairness in distribution and avoid the inherent inequities in the proverbial “race to the courthouse” that would otherwise result in the most aggressive litigants depleting the Diocese’s assets at the expense of other claimants; and (c) to achieve certainty with respect to the Diocese’s unliquidated and contingent liabilities in a manner that will allow the Diocese to reorganize and continue to fulfil its charitable, humanitarian and religious mission in service of the Catholic faith.”

The Debtor, in its bankruptcy schedules, indicated that at the time it filed for bankruptcy it held assets totaling $35,070,131.82 and liabilities totaling $69,389,307.91.