IOWA
Quad-City Times
The four-year Diocese of Davenport bankruptcy case has been closed by Judge Lee Jackwig, the chief judge of the U.S. Bankruptcy Court, Southern District of Iowa, the diocese announced in a news release issued this afternoon.
Jackwig found that the diocese has met the requirements of a bankruptcy plan that was ordered June 26, 2008, including full compliance with what were described as non-monetary undertakings.
The Rev. Martin Amos, the bishop of the Davenport Diocese, said in a prepared statement: “The bankruptcy process provided the best opportunity for healing and for the just and fair compensation of those who have suffered sexual abuse by priests in our diocese. The settlement also provided the best way to continue the church’s mission in the Diocese of Davenport. While the bankruptcy process has closed, it will not end the suffering by some survivors of abuse. I pray that the healing process for the survivors of abuse will continue.”
The diocese negotiated a $37 million settlement with the Official Committee of Unsecured Creditors on Nov. 28, 2007. Of the $37 million settlement, $19.5 million was committed from the Travelers Insurance Co. and $17.5 million from the diocese.
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