The Society of Jesus, Oregon Province isn't talking publicly about the bankruptcy filing. In a written statement, the Society says it believes Chapter 11 reorganization was the only way all the claimants can receive a fair settlement.
The Jesuits say they have less than $5 million in assets but their liabilities amount to nearly $62 million. Attorney Roosa says those figures will be a major point of contention during the bankruptcy proceedings.
Ken Roosa: "There will be debates about whether the Jesuits own the universities and high schools, whether those universities and high schools are assets, that can be held accountable or used to pay the claims, all of that will be argued before the bankruptcy judge in litigation there."
Roosa says it may take a few years to resolve the bankruptcy case.
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