After a historic settlement in clergy sex abuse lawsuits in Minnesota, the Archdiocese of St. Paul and Minneapolis, along with the Diocese of Winona, said that they were considering all options to pay for the settlement, including bankruptcy, WCCO.com reported yesterday. Experts say that if their insurance doesn’t step up to cover the payment of this settlement, it could be very likely they will file for bankruptcy. “You always have that trigger question, ‘Will the insurance cover everything that is being sought?'” said Charles Reid, a professor of law at the University of St. Thomas. Over the past decade, 11 dioceses across the country have filed for bankruptcy due to lawsuits.
