September 26, 2022
The Diocese of Camden, New Jersey, has filed a brief in support of its proposed Chapter 11 plan, saying its agreement to fund an $87.5 million sexual abuse claim settlement fund is the best way to provide recoveries to the hundreds of tort claimants in the case.
September 06, 2022
The bankrupt Diocese of Camden objected to a fee application for a law firm representing the official committee of unsecured trade creditors in the diocese's Chapter 11 case, telling a New Jersey court the application includes charges of "outrageous rates" and that the costs of the case are quickly mounting.
August 10, 2022
Insurers that issued policies to the bankrupt Diocese of Camden told a New Jersey judge on Wednesday that a Chapter 11 plan confirmation trial slated for Aug. 29 needs to be delayed because additional discovery is required.
August 05, 2022
The Boy Scouts of America got a court's nod for the linchpin of its $2.7 billion Chapter 11 plan, the defamation damages trial of conspiracy theorist Alex Jones and his bankrupt media enterprise resulted in nearly $50 million in damages, and customers of cryptocurrency platform Voyager Digital can withdraw their cash from custodial accounts. This is the week in bankruptcy.
August 03, 2022
The U.S. Trustee's Office asked a New Jersey bankruptcy judge on Tuesday to disqualify Trenk Isabel Siddiqi & Shahdanian PC from representing the Diocese of Camden in its Chapter 11 case, saying the firm has hired an attorney who represented a group of the diocese's creditors.
June 01, 2022
The bankrupt Diocese of Camden received approval for its Chapter 11 plan disclosures with warnings from the court, Sidley Austin was found not to be conflicted when it represented the Boy Scouts of America, and Arizona law doomed a $16 million lien claim asserted by the Dutch government in the MD Helicopters bankruptcy. This is the week in bankruptcy.
May 31, 2022
The Diocese of Camden received bankruptcy court approval Tuesday in New Jersey for a new Chapter 11 plan disclosure statement that outlines an $87.5 million settlement with the official committee of tort claimants.
May 24, 2022
Three Roman Catholic dioceses are pushing for approvals of settlements for hundreds of sexual abuse claims in bankruptcy courts, a Delaware state court judge denied a litigation stay in a nonbankruptcy wind-down case, potentially signaling a crackdown, and Purdue Pharma executives got their bonuses approved. This is the week in bankruptcy.
May 20, 2022
The bankrupt Diocese of Camden told a New Jersey judge Friday that he should hear arguments over a proposed but abandoned $30 million settlement with insurers at the same time he is considering confirmation of the debtor's Chapter 11 plan centered on a new deal with sex abuse claimants.
May 19, 2022
The Diocese of Camden told a New Jersey bankruptcy court Thursday that its proposed Chapter 11 plan represents the best possible outcome for sex abuse claimants and that insurer opposition to the plan is unfounded because it doesn't impact their contractual rights.