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In 2011, the North American chapter of the Congregation of Christian Brothers filed for Chapter 11 bankruptcy due to the financial burden caused by sex abuse lawsuits. [38] In 2013, the North American chapter agreed to pay approximately $16.5 million in damages to more than 400 men and women who were sexually or physically abused as children by ...
t. e. Chapter 7 of Title 11 U.S. Code is the bankruptcy code that governs the process of liquidation under the bankruptcy laws of the U.S. In contrast to bankruptcy under Chapter 11 and Chapter 13, which govern the process of reorganization of a debtor, Chapter 7 bankruptcy is the most common form of bankruptcy in the U.S. [1]
Patrick C. Shea is an attorney in California. He was the federal court-appointed attorney that represented 170-plus municipal entities [ 1] with investments of over $5 billion in the Orange County, California Chapter 9 bankruptcy. [ 2] On December 6, 1994, the County of Orange declared Chapter 9 bankruptcy, from which it emerged in June 1995.
The Roman Catholic Diocese of San Diego filed for bankruptcy protection on Monday for the second time, after a recent change to California law prompted 457 legal claims alleging decades-old sex ...
Davenport, Iowa, and San Diego) got bankruptcy protection. [127] Eight Catholic dioceses declared bankruptcy due to sex abuse cases from 2004 to 2011. [113] On January 19, 2023, a man named Scott Verti filed a lawsuit alleging about 100 instances of abuse at St. Elizabeth Ann Seton Church in Fort Collins, Colorado, from 1998 to 2003.
The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (BAPCPA) (Pub. L. 109–8 (text) (PDF), 119 Stat. 23, enacted April 20, 2005) is a legislative act that made several significant changes to the United States Bankruptcy Code. Referred to colloquially as the "New Bankruptcy Law", the Act of Congress attempts to, among other ...
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