Stockton diocese to emerge from bankruptcy

The Diocese of Stockton, California will soon emerge from bankruptcy protection, after a court approved a plan for financial reorganization.

The plan, which provides $15 million to victims of sexual abuse, was given “almost unanimous” approval by creditors, including abuse victims, the diocese reports. 

The Stockton diocese had filed for bankruptcy protection in January 2014; it was the 10th American diocese to take that step in the wake of the sex-abuse scandal.

References:

• Diocese bankruptcy plan approved (Turlock Journal)