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Archdiocese of Baltimore filed Chapter 11 bankruptcy Friday

September 30th, 2023 by WCBC Radio

Archdiocese of Baltimore of the Catholic Church, has filed for Chapter 11 bankruptcy Friday, September 29, 2023.  The Archdiocese filed for Chapter 11 bankruptcy protection as it faces a potential for child sexual abuse lawsuits.  The action comes days before a new Maryland law takes effect that eliminates the statute of limitations for victims of sexual abuse to file lawsuits. It also raises a cap on noneconomic damages to $1.5 million per incident, and it does not cap economic or punitive damages.  Archbishop William Lori told WBAL how they came to the decision of bankruptcy…