Iowa diocese emerges from bankruptcy
June 22, 2012
The Diocese of Davenport, Iowa, has emerged from bankruptcy, having completed a reorganization of its finances that was approved by a federal court in 2008.
The Davenport diocese filed for bankruptcy protection in 2006, citing the demands of settlements to sex-abuse victims. Bishop Martin Amos said on June 21 that the court-approved agreement had provided “just and fair” compensation to the victims without sacrificing the work of the Church in Iowa.
- Catholic diocese in Iowa exits bankruptcy protection after sexual abuse settlement, reforms (AP)
- Bankruptcy court approves settlement by Davenport diocese (CWN, 5/5/08)