The Chapter 11 filing, the prelate said, would “[allow] the archdiocese to deal with the hundreds of cases collectively rather than one at a time,” leading to what he said would be a “faster resolution for hundreds of survivors” resulting in “fair compensation and finally, hopefully, some peace and closure.”

Only the overarching “legal entity” of the archdiocese would be affected by a Chapter 11 filing, Cordileone noted; parishes and schools would be unaffected by the move.

Should the archdiocese proceed with the Chapter 11 filing, it will become one of numerous U.S. dioceses that have recently resorted to the legal and financial maneuver in order to address voluminous abuse claims within their jurisdictions.

CNA reported last month that “more than two dozen” dioceses have filed for bankruptcy in the United States, the “vast majority” of them in the last decade. Among those include the bishoprics of Tucson, Arizona; Davenport, Iowa; Portland, Oregon; Wilmington, Delaware; and New Orleans.

Behind San Francisco, the Diocese of Ogdensburg, New York is the latest in the U.S. to have entered bankruptcy proceedings, having done so while facing nearly 150 abuse lawsuits going back decades. The Diocese of Syracuse, New York, which filed for bankruptcy in 2020, announced last month a settlement with survivors of abuse in which it will pay $100 million to a victims’ trust fund.

Cordileone on Friday said he was “deeply saddened by the sinful acts and the damage caused to the lives of innocent children” abused by Church leaders.