NEW YORK
Bankruptcy and Debt
Christian Brothers Plan Paying Abuse Victims Is Confirmed
Stephanie Gleason
January 09, 2014
Dow Jones & Company, Inc.
Sorrow and solace rarely mark the often administrative confirmation of a Chapter 11 plan. But on Thursday in a White Plains, N.Y., courtroom, there was no shortage of these emotions.
After more than 2 1/2 years in Chapter 11 bankruptcy, the Christian Brothers’ Institute received confirmation of a plan that will allow it to exit bankruptcy and that sets up a $16.6 million trust to compensate victims of sexual abuse….
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