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Diocese of Norwich seeks 120-day extension of exclusive plan periods
By Sarah Lizee
Olympia, Wash., Nov. 2 – Norwich Roman Catholic Diocesan Corp., known as the Roman Catholic Diocese of Norwich, is seeking a 120-day extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to a motion filed Monday with the U.S. Bankruptcy Court for the District of Connecticut.
Specifically, the diocese asked the court to extend the plan filing period through March 12 from Nov. 12 and the solicitation period through May 11 from Jan. 11.
The diocese said its focus now is on setting a bar date, resolving coverage disputes with the debtor’s insurers and coverage providers in preparation for negotiating a global settlement, and formulating a plan of reorganization.
The official committee of unsecured creditors has advised it intends to complete its investigation, including obtaining and analyzing the discovery it seeks from the debtor, before discussing the parameters of a consensual plan of reorganization.
The diocese said that although it intends produce the discovery sought by the committee within the timeframes demanded by the committee, it does not believe that the committee will have completed its investigation or be prepared to negotiate a plan by the expiration of the current exclusive period.
The debtor said the extension of the exclusive period to a date after the proposed proof of claim bar date would enable it and the committee time to prepare for substantive plan discussions, informed by the amount and nature of timely filed claims.
The Norwich, Conn.-based diocese filed bankruptcy on July 15 under Chapter 11 case number 21-20687.
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