ROCKVILLE CENTRE (NY)
Long Island Catholic
October 1, 2020
http://licatholic.org/diocese-of-rockville-centre-files-for-chapter-11-to-manage-legal-expenses-and-facilitate-settlements-with-abuse-survivors/
he Diocese of Rockville Centre (“DRVC” and “The Diocese”) (www.drvc.org) announced October 1 the filing of a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code. The filing is necessary to manage litigation expenses, address disputes with the Diocese’s insurers and facilitate settlements with abuse survivors who brought lawsuits under the Child Victims Act.
Click above for a video message announcing this filing from Rockville Centre Bishop John O. Barres.
The Diocese believes its current and future liquidity will be sufficient to fund operations and ministries during the restructuring process and beyond. Vendors will be paid for all goods and services delivered after the filing, and transactions that occur in the ordinary course of business will continue as before. Employees will be paid their normal wages, and their benefit programs will continue uninterrupted.
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