After declaring bankruptcy three years ago due to abuse lawsuits, The Roman Catholic Diocese of Norwich has announced a plan for moving forward.
The diocese announced that it’s filing a joint Chapter 11 Reorganization Plan, in agreement with The Association of Parishes of The Roman Catholic Diocese of Norwich and the Catholic Mutual Relief Society of America. The plan includes a $30 million trust for survivors of clerical abuse, while letting the diocese recover from bankruptcy, a Friday press release stated.
The Official Committee of Unsecured Creditors, representing survivors and other creditors, had reached an agreement with the Diocese of Norwich on a reorganization plan over a year ago, but the Committee abandoned and withdrew from that plan in June, and then filed its own plan, which the Diocese claims will “result in years of litigation, substantial legal fees, and uncertainty as to any recovery for the survivors,” the press…
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