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Christian Brothers expects collapse with just $23m in the bank (opens original article in a new tab)

TL;DR

Christian Brothers expects collapse with $23m in cash while paying $1.4m weekly in compensation to abuse victims, seeking court moratorium on creditor claims.

  • Christian Brothers has $23 million in cash and expects collapse within months
  • The order pays $1.4 million weekly in compensation to sexual abuse victims
  • Christian Brothers seeks NSW Supreme Court moratorium to suspend creditor claims

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