The Archdiocese of New York has offered $800 million to settle sexual abuse claims against the Catholic institution, according to lawyers representing abuse survivors.

Attorneys for the survivors have informed their clients that the archdiocese would likely file for bankruptcy protection if the proposed settlement is not accepted. This warning suggests the financial strain facing one of the nation's most prominent Catholic dioceses as it confronts the legacy of clergy sexual abuse.

The settlement offer comes as numerous Catholic dioceses across the United States have grappled with mounting legal costs from abuse lawsuits. Many have sought bankruptcy protection as a means to manage their financial liabilities while attempting to compensate victims.

The $800 million figure represents a significant financial commitment, though the exact number of survivors who would be covered under the proposed settlement has not been disclosed. The archdiocese serves millions of Catholics across New York City, the Bronx, Staten Island, and several counties north of the city.

Legal proceedings involving clergy abuse cases have intensified in New York following changes to state law that expanded the statute of limitations, allowing survivors to file claims for abuse that occurred decades ago.