Diocese of Norwich eyes further extension of exclusive plan periods

By Sarah Lizee

Olympia, Wash., Sept. 16 – Norwich Roman Catholic Diocesan Corp., known as the Roman Catholic Diocese of Norwich, asked for another extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed with the U.S. Bankruptcy Court for the District of Connecticut.

Specifically, the diocese asked the court to extend the plan filing period through Jan. 13 from Sept. 30 and the solicitation period through March 13, 2023 from Nov. 30.

The diocese has been in negotiations with the official committee of unsecured creditors and other parties in interest, and mediation between the parties was set to begin in August. However, due to scheduling and logistical issues, the mediation sessions were held later on Sept. 14 and Sept. 15.

The diocese said those sessions were “quite productive” in moving the parties toward a consensual plan of reorganization. But the parties still haven’t reached a final agreement on certain plan terms.

The diocese said it is hopeful that one or more additional mediation sessions will result in a plan.

“It is important that the status quo is preserved as the parties continue to engage in good faith mediation of plan-related issues in order to transform the hope of a consensual plan into reality,” the diocese said.

The Norwich, Conn.-based diocese filed bankruptcy on July 15, 2021 under Chapter 11 case number 21-20687.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.