The Diocese of Rochester took another significant step in its bankruptcy case March 24 by filing — in conjunction with the creditors’ committee representing sexual-abuse claimants — a joint plan of reorganization and disclosure statement in support of the plan.
The reorganization plan follows the framework set in the Restructuring Support Agreement jointly filed Nov. 3, 2022, by the diocese and the Committee of Unsecured Creditors.
But whereas the RSA’s 28 pages sketched the key elements of reorganization, the 193-page plan and disclosure spell out, in great detail, myriad steps and obligations involved in the process. A full 17 pages, for example, are dedicated to the definition and interpretation of terms, ranging from “abuse” to “unimpaired” claims.
Like the RSA, the plan calls for the diocese, its parishes and related Catholic entities — which the plan terms “Participating Parties” — collectively to contribute $55 million to a trust…
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