CALIFORNIA
Manteca Bulletin
By ROSE ALBANO RISSO Bulletin Correspondent
POSTED January 17, 2017
The Catholic Diocese of Stockton will come out of its bankruptcy status in the next few weeks after the U.S. Bankruptcy Court for the Eastern District of California approved the “consensual plan of reorganization” filed three years ago by Bishop Stephen Blaire.
The approved plan provides “$15 million to survivors of sexual abuse as well as non-monetary commitments which are important aspects of any healing process.”
The announcement was made to diocesan parishioners during the Masses on Sunday and the anticipated Masses on Saturday. The full text of the announcement was also included as an insert in the parish bulletins.
In the bilingual (Spanish and English) written statement from the diocese’s communications director, Sister Terry Davis, Bishop Blaire stated, “We wish to thank all of the parties, including the court appointed mediator Judge Gregg W. Zive, Judge Klein, the sexual abuse survivors, the insurers, the creditors’ committee, and their respective counsel, our counsel, and the entire Catholic community, for helping bring this very difficult chapter in the history of the Diocese to an equitable resolution.”
The reorganization plan held a number of key provisions resulting from months of negotiations involving the creditors, insurance carriers, the diocese and other parties, all of which had to vote on the proposed plan. The plan received “nearly unanimous approval,” according to the announcement.
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