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More than two years after the Diocese of Rochester filed for bankruptcy protection, a debt negotiation process could be coming to a close, after alleged abuse victims reached a settlement with two insurance companies last month, in addition to the $55 million they already settled on with the diocese itself.
There remains a negotiation to be had with one insurance company — Continental Insurance — but if an agreement can be reached there, the diocese could begin to move forward from bankruptcy, and alleged abuse survivors could find assistance to help them find healing.
While resolving the bankruptcy negotiations will allow plaintiffs to move forward, it might also allow Bishop Salvatore Matano to move on — the bishop is almost 77, and is believed to have remained in the diocesan post past the episcopal retirement age of 75 because of his work to address the bankruptcy.
But as bankruptcy resolves in Rochester, and Matano comes close to retiring, Catholics across the U.S. have begun asking about another well-known Rochesterian — Bishop Fulton Sheen, who was supposed to be beatified in December 2019, before Matano asked the Vatican to postpone the beatification process.
So could Sheen’s cause again move forward?
Continued below.
www.pillarcatholic.com
There remains a negotiation to be had with one insurance company — Continental Insurance — but if an agreement can be reached there, the diocese could begin to move forward from bankruptcy, and alleged abuse survivors could find assistance to help them find healing.
While resolving the bankruptcy negotiations will allow plaintiffs to move forward, it might also allow Bishop Salvatore Matano to move on — the bishop is almost 77, and is believed to have remained in the diocesan post past the episcopal retirement age of 75 because of his work to address the bankruptcy.
But as bankruptcy resolves in Rochester, and Matano comes close to retiring, Catholics across the U.S. have begun asking about another well-known Rochesterian — Bishop Fulton Sheen, who was supposed to be beatified in December 2019, before Matano asked the Vatican to postpone the beatification process.
So could Sheen’s cause again move forward?
Continued below.
Will Fulton Sheen finally be beatified?
As the Diocese of Rochester adjusts to bankruptcy, will Bishop Fulton Sheen become a 'blessed'?
www.pillarcatholic.com
