Fairbanks Diocese Welcomes Bankruptcy Agreement, KTUU, November 25, 2009

Fairbanks Diocese Welcomes Bankruptcy Agreement

KTUU
November 25, 2009

http://www.ktuu.com/Global/story.asp?S=11576638

The Fairbanks Catholic Diocese says it's happy with the bankruptcy agreement announced Tuesday.

ANCHORAGE, Alaska -- The Catholic Diocese of Fairbanks says it welcomes the bankruptcy agreement announced Tuesday.

Lawyers for the alleged victims of sexual abuse by diocese workers reached a nearly $10 million settlement which would pay compensation to the nearly 300 claimants. Most of the funding would come with the exchange of diocesan property for cash from an endowment trust.

Bishop Donald Kettler of the Fairbanks diocese said, "This agreement achieves an important milestone... It starts us down a road of healing and the restoration of trust."