The U.S. Bankruptcy Court in Hartford has confirmed the Diocese of Norwich’s Joint Plan of Reorganization, meaning the official emergence of The Norwich Roman Catholic Diocesan Corporation from chapter 11 bankruptcy, according to the Diocese.
The Norwich Diocese, said, through its law firm, said Judge James J. Tancredi presided over the confirmation hearing, held Wednesday, and “approved the plan on the record at the hearing, subject to entry of an order confirming the plan to be submitted by the parties.”
The Joint Plan was proposed by the Norwich Roman Catholic Diocesan Corporation; Official Committee of Unsecured Creditors, representing the interests of survivors, The Catholic Mutual Relief Society of America, and the Association of Parishes of the Roman Catholic Diocese of Norwich, Connecticut, according to the Diocese.
“The Joint Plan establishes a settlement fund of approximately $31 million. This includes contributions from Diocesan assets and sale proceeds from Diocesan properties, non-debtor assets and…
View Cache