October 18, 2009
News Coverage, Answers, Appeals, Complaints, Motions, Orders, Trial Notes
The reorganized Catholic Diocese of Wilmington received approval from a Delaware bankruptcy judge Wednesday for a contract solidifying the diocese's commitment to fully fund its lay employees' $64 million pension plan.
A Delaware bankruptcy judge on Friday agreed to appoint a special arbitrator and a child protection counselor in the Catholic Diocese of Wilmington Inc.'s bankruptcy case as part of the debtor's confirmed reorganization plan.
The Catholic Diocese of Wilmington Inc. won confirmation of its reorganization plan in Delaware bankruptcy court on Thursday, clearing the church body to compensate victims of sexual abuse by diocese priests with $77.4 million while stabilizing its pension fund.
The Catholic Diocese of Wilmington Inc. said Wednesday that it had addressed various objections that led a Delaware bankruptcy judge to refuse confirmation of its proposed reorganization plan, including one over possibly providing financial aid to sexually abusive priests.
The Catholic Diocese of Wilmington Inc.’s reorganization went on life support Thursday after a Delaware bankruptcy judge recoiled at the prospect of sexually abusive priests receiving financial aid from the church body and shot down its Chapter 11 plan.
The Catholic Diocese of Wilmington Inc. brought its reorganization plan before a Delaware bankruptcy court on Friday, hoping two critical settlements — one with alleged victims of clergy sexual abuse and another with pensioners — could withstand lingering objections to the plan.
Various stakeholders objected to the Catholic Diocese of Wilmington Inc.’s Chapter 11 plan in Delaware on Friday, citing problematic parts of the plan and aspects of the $77.4 million settlement at the center of the reorganization.
The Catholic Diocese of Wilmington Inc. on Thursday reached a settlement with lay employees that puts more than $40 million toward underfunded pensions, clearing the way for confirmation of the Delaware diocese’s Chapter 11 plan.
A Delaware bankruptcy judge on Tuesday approved the Catholic Diocese of Wilmington Inc.'s disclosure statement explaining its Chapter 11 plan after the church body added information about its intention to pay priests, including admitted sexual abusers, their pensions.