We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Portland Arcbishop Defends Bankruptcy After Ruling

Law360 (January 26, 2006, 12:00 AM EST) -- The archbishop of the bankrupt Archdiocese of Portland in Oregon rebutted the idea Thursday that he had "foolishly" fallen victim to poor advice from bankruptcy attorneys when declaring the organization insolvent in July 2004.

Roman Catholic Archbishop John Vlazny said the decision to file bankruptcy was thoroughly considered by the archdiocesan finance council as the best way to handle impending damages in several sex abuse cases involving clergy.

Detractors believe the filing for Chapter 11 bankruptcy protection, just hours before two clergy sex abuse trials were...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.