Del. Diocese's Ch. 11 Disclosure Statement Gets OK

Law360, New York (May 24, 2011, 6:26 PM EDT) -- 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.

The Diocese of Wilmington, forced into bankruptcy in 2009 by a flood of litigation stemming from allegations of sexual abuse by priests, cleared a path out of Chapter 11 in February when it reached a $77.4 million settlement with 146 alleged abuse victims. After the diocese spelled out...
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