August 30, 2023
A New Jersey bankruptcy judge has rejected the Roman Catholic Diocese of Camden's proposed Chapter 11 plan, saying it was too biased against the interests of the diocese's insurance carriers.
April 18, 2023
A New Jersey bankruptcy judge approved a $2.3 million settlement between the bankrupt Roman Catholic Diocese of Camden and the National Catholic Risk Retention Group, under which the group will contribute to the diocese overall settlement trust and pay $725,000 to two specific individuals suing the diocese.
March 08, 2023
A New Jersey bankruptcy judge has denied a request by insurers of the Roman Catholic Diocese of Camden for a settlement conference, saying he wouldn't be comfortable presiding over talks before he rules on the diocese's Chapter 11 plan.
January 19, 2023
Insurers that oppose the Diocese of Camden's Chapter 11 plan told a New Jersey bankruptcy judge the proposal would be used as a "bludgeon" to impair their rights under policies covering sexual abuse claims.
October 28, 2022
Crypto lender Celsius Network got the go-ahead to auction off its assets, bond seller GWG Holdings got permission to raise $630 million to pay back its bankruptcy loans and Axos Bank was hit with an $18.3 million verdict for pilfering MUFG Union Bank's Chapter 7 trustee deposit business. This is the week in bankruptcy.
October 27, 2022
One of the Diocese of Camden's insurers has called foul on the diocese's plan to hire Cole Schotz PC as special counsel in its bankruptcy case on the grounds that the firm is already representing one of the sex-abuse claimants against the diocese.
October 06, 2022
Attorneys for the bankrupt Diocese of Camden told a New Jersey judge Thursday that its plan to channel hundreds of claims for sexual abuse into an $87.5 million settlement fund is the best way to address the wrongs of the past and prevent future abuse.
September 28, 2022
A New Jersey bankruptcy judge said Wednesday that when the Chapter 11 plan confirmation trial for the Diocese of Camden kicks off next week, he wants to hear from insurers first about a $30 million settlement they are pursuing and that the debtor has abandoned.
September 26, 2022
The Diocese of Camden, New Jersey, has filed a brief in support of its proposed Chapter 11 plan, saying its agreement to fund an $87.5 million sexual abuse claim settlement fund is the best way to provide recoveries to the hundreds of tort claimants in the case.
September 06, 2022
The bankrupt Diocese of Camden objected to a fee application for a law firm representing the official committee of unsecured trade creditors in the diocese's Chapter 11 case, telling a New Jersey court the application includes charges of "outrageous rates" and that the costs of the case are quickly mounting.