His consecration was scheduled for 12 July 1503 , however , he resigned before that date in favour of his brother John IV of Saxe - Lauenburg , possibly .
The Diocese of Hildesheim was too heavily indebted .
His consecration was scheduled for 12 July 1503 , however , he resigned before that date in favour of his brother John IV of Saxe - Lauenburg , possibly because the Diocese of Hildesheim was too heavily indebted .