Buffalo Diocese Files Chapter 11 Reorganization Plan

Buffalo Diocese files Chapter 11 reorganization plan

BUFFALO, N.Y. (WIVB) -- The Diocese of Buffalo has filed a Chapter 11 reorganization plan after it agreed to pay $150 million to settle a lawsuit alleging over 800 claims of sexual assault. Included in the plan is contributions by large diocesan insurers, including CNA, Wausau, and AIG, totaling $123.9 million for the settlement fund. The total for sexual abuse survivors now adds up to $273.9 million. Insurers previously agreed to pay $122.5 mil…

Diocese of Buffalo files its Chapter 11 reorganization plan

The Diocese of Buffalo has filed its Chapter 11 reorganization plan with the Federal Bankruptcy Court, as it committed to doing when reaching a settlement with the Creditors Committee last April.

Diocese of Buffalo unveils bankruptcy reorganization plan

The diocese filed its chapter 11 reorganization plan in federal bankruptcy court Wednesday.