More time to file bankruptcy plan, clergy abuse survivors could get paid by early 2020
Guam's clergy sex abuse survivors could start getting compensation from the Archdiocese of Agana by early to middle of 2020, now that parties are set to go into mediation will that be followed by a reorganization plan.
U.S. District Court Chief Judge Frances Tydingco-Gatewood gave the archdiocese more time to figure out how much it's going to pay to the nearly 280 clergy sex abuse survivors and other claimants.
Since the Aug. 15 bar date had passed, the archdiocese hopes that the mediation scheduled for Oct. 30-31 on Guam "will be successful and a plan of reorganization will be created which will reflect the settlement and the parties' intent going forward."
Church attorneys said more time is needed to deal with a "moderately complex and large case."
The federal judge granted the archdiocese's request for a second extension of its deadline to file its reorganization plan and disclosure statement, to Jan. 16, 2020. That will be the first anniversary of the archdiocese's filing of Chapter 11 bankruptcy, following an avalanche of clergy sex abuse claims totaling more than $1 billion.
At the time of the bankruptcy filing, the archdiocese listed $22.96 million in assets and $45.66 million in liabilities.
The federal judge also gave the archdiocese up to March 16 to obtain acceptance of that plan from the committee that represents clergy abuse surv...