Lawyers for Gallup Diocese Say Deal in Bankruptcy Case near

News Channel 10
December 18, 2015

http://www.newschannel10.com/story/30786561/lawyers-for-gallup-diocese-say-deal-in-bankruptcy-case-near

Attorneys for a New Mexico diocese say they are finalizing a settlement in the case that has kept it in bankruptcy court for two years.

[lup Independent reports (http:]

They did not provide details and said an agreement has not been signed yet.

Unsecured Creditors Committee attorney James Stang said they are still working out the non-monetary terms of the settlement.

Neither Stang nor Susan Boswell, lead bankruptcy attorney for the diocese, indicated when the agreement is expected to be finalized.

The bankruptcy proceedings pertain to insurance policies the diocese reportedly had in the 1960s and '70s.