The Roman Catholic Diocese of Camden filed for Chapter 11 bankruptcy protection on 1 October 2020 in the U.S. Bankruptcy Court for the District of New Jersey. A settlement with the Official Committee of Tort Claimant Creditors was first announced in April 2022, and U.S. Bankruptcy Judge Jerrold N. Poslusny Jr. confirmed the diocese's Third Modified Eighth Amended Plan of Reorganization on 14 March 2024, establishing an 87.5 million dollar trust to be funded by the diocese and related Catholic entities over five years for about 324 survivors of clergy sexual abuse. Of the 276 survivors who voted on the plan, 270, or 97.8 percent, voted to accept it. The plan also assigns the diocese's insurance rights to the trust, expected to add further funds, and maintains the diocese's child protection protocols first adopted in 2002.
Facts
Inquiry Profile
Kind of Record JurisdictionDistrict of New Jersey, United States (U.S. Bankruptcy Court, Judge Jerrold N. Poslusny Jr.) 1 Publication Year Period Covered, From Period Covered, To Documented Findings
Victim EstimateReported as about 324 survivors compensated by the trust; of the 276 who cast a vote on the plan, 270, or 97.8 percent, voted in favor. Key FindingCamden's plan drew unusually strong survivor support, 97.8 percent of those voting, and paired the cash trust with an assignment of the diocese's own insurance rights to survivors, a mechanism intended to grow the recovery beyond the initial 87.5 million dollars. 1 Connections
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Camden, Cities Source Diocese of Camden Chapter 11 Plan Confirmed by U.S. Bankruptcy Court
Source Diocese of Camden Chapter 11 Plan Confirmed by U.S. Bankruptcy Court
Source Diocese of Camden Chapter 11 Plan Confirmed by U.S. Bankruptcy Court
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Source Diocese of Camden Chapter 11 Plan Confirmed by U.S. Bankruptcy Court
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Sources
1. Diocese of Camden Chapter 11 Plan Confirmed by U.S. Bankruptcy Court
2. Camden Diocese Bankruptcy Plan Confirmed With $87.5 Million Deal
3. Diocese of Camden Files for Chapter 11 Bankruptcy Amid COVID-19 Pandemic, Lawsuits (6abc Philadelphia, 2020)
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