On Wednesday in Coeur d’Alene, Idaho, the Roman Catholic Diocese of Helena will seek a bankruptcy judge’s permission to proceed with a plan to pay $16.4 million to compensate hundreds of people who allege they were sexually abused by the diocese’s clergy.
As it stands, the bankruptcy code allows companies to file for bankruptcy in a location where they have a domicile, residence, principal place of business or principal assets–to includes the location of the company’s incorporation.
