Diocese of Syracuse gets second extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Jan. 12 – The Roman Catholic Diocese of Syracuse, N.Y., received a second extension of the exclusive periods to file and solicit votes on its Chapter 11 plan, according to an order filed Monday with the U.S. Bankruptcy Court for the Northern District of New York.

Specifically, the court extended the plan filing period to May 14 from Jan. 15 and the solicitation period to July 16 from March 16.

The diocese said in its motion that the plan cannot adequately provide for reorganization without a prior resolution of certain matters, including insurance coverage issues and the passing of a claims bar date.

The diocese said it anticipates that the availability of insurance proceeds will be a crucial threshold issue to be resolved as the parties work to ensure the greatest possible compensation for Child Victim Act claimants through an efficient and effective claims administration process.

The Syracuse, N.Y.-based diocese filed bankruptcy on June 19, 2020 under Chapter 11 case number 20-30663.

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