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Archdiocese of San Francisco: San Francisco Catholic Archdiocese files for bankruptcy amid abuse lawsuits

The Archdiocese of San Francisco has declared bankruptcy due to over 500 sexual abuse lawsuits, aiming to manage assets of $100M-$500 million. Similar actions have taken place across Catholic dioceses in the U.S., grappling with historic abuse revelations. Lawyers anticipate a swift resolution hinging on transparency and insurer negotiations, as past cases resulted in substantial settlements.

San Francisco Archdiocese files for bankruptcy: archbishop

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