Bankruptcy court approves reorganization plan for Montana diocese
January 15, 2015
A federal bankruptcy court has approved plans for reorganizing the finances of the Diocese of Helena, Montana.
The reorganization plan will now be presented to creditors for their approval. The creditors include 362 plaintiffs in sex-abuse cases; the proposed plan includes a $16.4 million fund to settle their claims.
The diocesan plan calls for payments of $14 million from insurers who carried the policies of the diocese, and another $2 million from the resources of the diocese itself.
For all current news, visit our News home page.
Further information:
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a current donor, log in to see the comment form; otherwise please support our work, and Sound Off!
