What is sad is that they declared Ch11 in order to stall the lawsuits, which certainly WOULD bankrupt them just with the proceedings, nevermind the settlements. For the lawsuits, however, they are quite fully responsible, so the sorrow over the loss of the ability to give charity can be directed at the source; the poor will pay for a great evil perpetrated by richer men, once again. If they were not being sued over covering up child abuse, they would be able to continue other work. Their work in the past among children, however, was sorely lacking.
One can only hope that the Orthodox churches in the area will help pick up the slack.