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.
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