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Creditors group seeks info on church foundation's assets

Jul 1, 2019

ALBUQUERQUE, N.M. (AP) — It will be up to a U.S. bankruptcy judge whether to order the Catholic Foundation of the Archdiocese of Santa Fe to produce records related to $48 million in assets.A creditors committee of clergy sex abuse survivors filed a motion last week in the ongoing bankruptcy case involving the archdiocese. The Albuquerque Journal reports the panel wants to determine whether the foundation's assets are property of the archdiocese's estate.The archdiocese filed for reorganization last December, citing the financial strain of the abuse scandal.In its bankruptcy petition, the archdiocese claimed nearly $50 million in assets. The filing also said more than $57 million in property was being held in trust for numerous parishes and property transfers worth an additional $34 million were done over the past couple years.___Information from: Albuquerque Journal, http://www.abqjournal.com