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Bankruptcy Filing by Baltimore Archdiocese
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The Archdiocese of Baltimore has filed for bankruptcy protection to deal with sex abuse lawsuits following a state law allowing survivors to file new suits. The diocese has assets worth between $100 million and $500 million and liabilities totaling between $500 million and $1 billion. This move comes after previous bankruptcy settlements for abuse claims, including a $121.5 million settlement in the bankruptcy of the Santa Fe Archdiocese.
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How does the bankruptcy filing by the Archdiocese of Baltimore reflect on the broader issue of handling sex abuse claims in the Catholic Church?
How might the bankruptcy filing impact the operations and services of the Archdiocese of Baltimore?
What measures can other Catholic dioceses implement to avoid bankruptcy due to sex abuse lawsuits?
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