Stockton diocese to emerge from bankruptcy
January 17, 2017
The Diocese of Stockton, California will soon emerge from bankruptcy protection, after a court approved a plan for financial reorganization.
The plan, which provides $15 million to victims of sexual abuse, was given “almost unanimous” approval by creditors, including abuse victims, the diocese reports.
The Stockton diocese had filed for bankruptcy protection in January 2014; it was the 10th American diocese to take that step in the wake of the sex-abuse scandal.
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