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< Israel - Dead Sea Scrolls
Sep 27, 2011 18:04
Category: Religious News

Diocese Bankruptcy

     WILMINGTON, Del. (AP) - The Catholic Diocese of Wilmington has
emerged from bankruptcy with the funding of a $77.4 million trust
for victims of priest sex abuse.
     Attorneys told a Delaware bankruptcy judge that a check deposit
and wire transfers had been made in compliance with Monday's
deadline for funding of the trust.
     The diocese, which serves about 230,000 Catholics in Delaware
and the Eastern Shore of Maryland, filed for Chapter 11 protection
in October 2009 on the eve of the first in a series of trials
scheduled in lawsuits filed by alleged victims of priest abuse.
     Under the diocese's reorganization plan, some 150 alleged abuse
victims will share proceeds of the trust in return for releasing
all legal claims against the diocese, its parishes and affiliated
entities.