FAIRBANKS, Alaska - A judge has approved the final details of a bankruptcy plan revision for the Fairbanks Catholic Diocese that will help compensate sexual abuse victims.
US Bankruptcy Court Judge Donald McDonald approved the reorganization plan at a hearing Monday in Anchorage. It was the third revision negotiated over nearly two years by the diocese and a creditors’ committee representing nearly 300 abuse victims.
The plan, expected to be signed by the judge within two weeks, provides $9.8 million in compensation to be divided among the victims.
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