July 12, 2005

Diocese of Tucson Bankruptcy Drawing to a Close


by Mark Poepsel, KOLD News-13 Reporter
posted 7/11/2005

A bankruptcy judge has approved the reorganization plan for the Diocese Tucson, allowing it to become the first in the country to emerge from bankruptcy.

Judge James Marlar approved the plan. Victims/survivors can begin receiving payments in 60 days.

Victims already voted to accept the plan.

"I have a sense of relief, not relief as washing of hands. You can never forget what happened, but now we can go on with the mission of the church," said Tucson Bishop Gerald Kicanas.

The agreement will spread 22 million dollars in assets from insurance settlements, church property that was sold off and contributions from parishes to dozens of victims.

Posted by kshaw at July 12, 2005 06:37 AM