May 22, 2025
Biotech company Molecular Templates defended its Chapter 11 plan against opposition from the U.S. Trustee's Office, paper product maker Royal Interco said its Chapter 11 asset auction has secured a $180 million bid, and insurers for a New Jersey Catholic diocese fought a bid from abuse victims and the diocese to lift a stay to reinvigorate settlement discussions. Here are the bankruptcy stories you may have missed this week.
April 11, 2024
The Roman Catholic Diocese of Camden, New Jersey, and a committee representing sexual abuse claimants have urged a bankruptcy judge to deny insurers' bid for a long-term stay on implementation of the diocese's reorganization plan while the carriers appeal its confirmation, asserting the appeal repeats arguments the court repeatedly rejected.
March 28, 2024
A New Jersey bankruptcy judge agreed Thursday to freeze the implementation of the Roman Catholic Diocese's Chapter 11 plan, saying he does not want any action of the diocese to try and moot an appeal by insurance carriers.
March 27, 2024
Several insurers of the Roman Catholic Diocese of Camden told a New Jersey bankruptcy judge Wednesday that the approval of the debtor's third modified Chapter 11 plan stripped the insurers' rights and urged the court to implement a stay on the order.
March 15, 2024
The Roman Catholic Diocese of Camden has won approval from a New Jersey bankruptcy judge for its plan to settle sexual abuse claims for $87.5 million after three prior versions of the plan were rejected over insurance carrier objections.
December 18, 2023
A bankruptcy judge has rejected the Roman Catholic Diocese of Camden, New Jersey's latest modified proposed Chapter 11 plan, concluding it prejudices insurers' rights, allows deficient claims and lacks any mechanism to prevent abuse claimants from being charged unreasonable contingency fees.
November 27, 2023
A New Jersey bankruptcy court on Monday gave its blessing to a $4.6 million financing agreement that will allow the Roman Catholic Diocese of Camden, New Jersey, to renew insurance policies as it continues its Chapter 11 bankruptcy.
November 20, 2023
Insurers for the bankrupt Roman Catholic Diocese of Camden asked a New Jersey bankruptcy judge Monday to reject the latest in a succession of proposed Chapter 11 plans, saying it didn't remedy the flaws in previous attempts, even as the debtor said the objections were just a litigation tactic.
November 09, 2023
A group of insurance companies asked a New Jersey bankruptcy judge to reject the most recent Chapter 11 plan filed by the Roman Catholic Diocese of Camden and its official committee of tort claimant creditors, saying it "doubles down" on the errors that caused the judge to reject the diocese's first plan in August.
October 12, 2023
A New Jersey bankruptcy judge on Thursday allowed the Diocese of Camden to move forward with its latest Chapter 11 plan without having to re-solicit votes from creditors, as long as the debtor notifies sex abuse survivors of the alterations.