Nearly six years after attorneys for the Davenport Diocese filed for bankruptcy, the Chapter 11 case has come to a conclusion.
The diocese had to file for bankruptcy after settling cases of alleged child molestation at the hands of its priests. The $37 million settlement has been distributed among over 165 individuals. The church had to sell some of its land in its restructuring, but has since bought it back.
The judge who presided over the decision said the diocese has followed its bankruptcy plan faithfully, but must continue being complicit with the non-monetary conditions outlined in the plan, including posting information about the accused abusers on its website.
If your business is facing crushing financial difficulty, you may find relief in Chapter 11 bankruptcy. Contact the bankruptcy attorneys of Hong Law, PLC, at 319-623-1400 to learn more.
Coralville, IA 52241
Phone: (319) 354-1804
Map to our Coralville Office