I'm sorry but it's just too pat a response to be a good thing, IMHO, and -- though I can't put it into words as yet -- threatens to radically transform the Person Corporation currently being prosecuted into liable for far more than the actions of its priests/employees.
I don't know what to think, quite frankly. Cardinal Law can't declare bankruptcy without Vatican approval. To date, the pope has done nothing to remove Law, despite the cardinal's request to step down. Is this a clever ploy on the part of Cardinal Law to evade further questioning? Or, perhaps, the cardinal is using "attention getting" devices to attract Rome's attention.
Here in Albany, Bishop Hubbard is "going through the motions" to show his congregants that he is a man of action and compliant with the directives of the USCCB. Are these moves "genuine" or "disingenuous"? Only God can read the hearts of men.