April 18, 2005

St. George's Diocese - Stay of proceedings extended

Canada NewsWire Group

CORNER BROOK, NL, April 18 /CNW/ - The Roman Catholic Episcopal
Corporation of St. George's Diocese today requested and received a further
extension of time to file a proposal under the Notice of Intention filed on
March 8, 2005 pursuant to the Bankruptcy and Insolvency Act, which effected a
"stay of proceedings" in civil actions against the Corporation including those
launched since 1991 on behalf of victims of sexual abuse. The Corporation now
has until May 6, 2005 to file its proposal to creditors.
Since March 8 the Corporation has been assessing the value of its assets
to determine its financial capacity to make a just and fair proposal to its
creditors and has been actively negotiating with representatives of the
victims of sexual abuse.
"Our discussions so far have been positive," said the Most Rev. Douglas
Crosby, Bishop of St. George's Diocese. "I am hopeful that with this
additional time we will be able to prepare a viable and acceptable proposal.
We have a legal, moral and pastoral obligation to see this through to the

Posted by kshaw at April 18, 2005 11:34 AM