David O'Reilly, Inquirer Staff Writer
Despite long-term debt of $350 million, the Archdiocese of Philadelphia has no plans to seek bankruptcy protection, its chief financial officer said.
The church is committed instead to bringing its annual operating expenses into balance within a few years, CFO Tim O'Shaughnessy said in an interview, and will sell off real estate to bring down its long-term debt.
Click on the following for details of the problem: Church faces its debt with openness
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