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  Davenport Diocese Gets Bankruptcy Extension

Associated Press, carried in Des Moines Register
August 29, 2007

http://desmoinesregister.com/apps/pbcs.dll/article?AID=/20070829/NEWS/70829014/-1/SPORTS01

A bankruptcy judge has given the Roman Catholic Diocese of Davenport more time to file its reorganization plan.

The judge approved the diocese's request to extend the deadline to Oct. 1. It must be approved by Nov. 30.

The original deadline was Aug. 15.

The request to extend the deadline was submitted by the diocese and the creditors committee, which includes alleged victims of abuse by priests. No objections were filed.

The diocese filed for Chapter 11 bankruptcy protection in October 2006 in the face of mounting clergy abuse lawsuits.

A total of 156 claims from alleged abuse victims have been filed in the case, according to court records.

The reorganization plan will detail how the diocese will emerge from bankruptcy and how much it will pay its creditors, many of whom are abuse victims.

The diocese and creditors committee said they wanted more time to review the claims and explore possible insurance coverage that could increase the settlement.

 
 

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