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Diocese of Harrisburg’s voting procedures approved, timeline set
Chicago, Dec. 29 – The Roman Catholic Diocese of Harrisburg has approval for its disclosure statement and may start solicitation and voting procedures, according to an order filed with the U.S. Bankruptcy Court for the Middle District of Pennsylvania.
Both the diocese and the committee of tort claimants recommend acceptance of the plan
In terms of the timeline, the voting record date is Dec. 22.
The solicitation date is Dec. 30 with a plan supplement deadline of Jan. 25.
The voting deadline is Feb. 6, and a confirmation hearing is scheduled for Feb. 15.
As previously reported, the plan will channel survivor claims asserted against the debtor and other protected parties to a trust.
To fund the trust, the plan provides the debtor will make a contribution in the amount of $5.5 million. Parishes, schools and related non-debtor entities will make contributions totaling $2 million. And, settling insurers will make contributions totaling $10.75 million, as reported previously.
The debtor will also contribute or cause to be contributed up to $600,000 to the trust, if and to the extent unknown survivor claims are filed in the bankruptcy case or with the trust.
The funds from the trust will be used to resolve all survivor claims.
Trust distribution procedures will establish the methodology by which survivor claims will be resolved, establish the process by which survivor claims will be reviewed, and specify liquidated values for compensable claims based on the underlying abuse.
There are no other priority claims or other secured claims. General unsecured claims, late-filed survivor claims and pension plan note claims are unimpaired.
The diocese filed bankruptcy on Feb. 19, 2020 under Chapter 11 case number 20-00599.
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