Filing Alert: Diocese of Alexandria Chapter 11
Diocese of Alexandria Files Chapter 11 in Western District of Louisiana
Diocese of Alexandria, a Roman Catholic diocese covering central Louisiana, filed for Chapter 11 protection on Oct. 31 in the U.S. Bankruptcy Court for the Western District of Louisiana.
The filing was driven by a "large number of financial claims" from survivors of sexual abuse by priests that "exceed our financial means," according to Bishop Robert Marshall. The Chapter 11 reorganization is intended to create a process to compensate all survivors with unresolved claims as "fairly as possible" and in an equitable manner, while allowing the diocese's essential functions and ministries to continue.
Diocese of Alexandria reports $16.7 million in assets and $9.5 million in liabilities. The filing indicates that there will be funds available for distribution to unsecured creditors. The case number is 25-31257.
Top Unsecured Claims
Key Parties
Counsel:
- Bradley L. Drell
Gold, Weems, Bruser, Sues & Rundell
Email: bdrell@goldweems.com
Legal Counsel:
- Husch Blackwell LLP
Financial Advisor:
- Getzler Henrich & Associates LLC
Signatories:
- David Brook – CFO
Claims Agent:
Bondoro Insights is continuing to monitor this case and will provide further coverage as appropriate.
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