NEW MEXICO
ABQ Journal
By Olivier Uyttebrouck / Journal Staff Writer
The Diocese of Gallup obtained two loans totaling $229,000 from neighboring dioceses to help pay for professional services related to its Chapter 11 bankruptcy, a church official said this week.
The loans included $29,000 from the Archdiocese of Santa Fe and $200,000 from the Diocese of Phoenix, according to court records the Gallup diocese filed in U.S. Bankruptcy Court in Albuquerque.
The loans were obtained shortly before the Diocese of Gallup filed for bankruptcy on Nov. 12, to help pay for legal and financial services, Gallup Bishop James Wall said Thursday at a creditors’ meeting in Albuquerque.
Wall did not specify the date or terms of the loans, which are listed as unsecured nonpriority claims in the diocese’s court filings.
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