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October 19, 2009
You Know It's Bad...
...when the Catholic Church files for bankruptcy.
Catholic Diocese of Wilmington files for Chapter 11
Catholic Diocese of Wilmington Inc filed for Chapter 11 bankruptcy protection, court documents showed.
In a filing with the U.S. Bankruptcy Court for the District of Delaware on Sunday, the diocese listed estimated assets in the range of $50 million to $100 million and estimated liabilities in the range of $100 million to $500 million.
Posted by edelfenbein at October 19, 2009 12:46 AM
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