Diocese of Tucson weighs bankruptcy

Lawyers for the Roman Catholic Diocese of Tucson say Bishop Gerald F. Kicanas is making plans to file for Chapter 11 bankruptcy protection.

If the diocese follows through on what its attorneys say is "the only viable" way to financially resolve pending lawsuits alleging sexual abuse by clergy, it will be the first U.S. Catholic diocese to file for bankruptcy. Under bankruptcy protection, local Catholic parishioners would be in the unprecedented position of being part of a church whose purse strings are monitored by the courts.

Article here.