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Diocese of Norwich gets shorter-than-requested exclusivity extension
By Sarah Lizee
Olympia, Wash., Sept. 29 – Norwich Roman Catholic Diocesan Corp., known as the Roman Catholic Diocese of Norwich, received another extension of its exclusive periods to file and solicit votes on a Chapter 11 plan, according to an order filed with the U.S. Bankruptcy Court for the District of Connecticut.
Specifically, the court extended the plan filing period through Nov. 18 from Sept. 30 and the solicitation period through Jan. 18 from Nov. 30.
As previously reported, the diocese had asked the court to extend the plan filing period through Jan. 13 and the solicitation period through March 13.
The diocese has been in negotiations with the official committee of unsecured creditors and other parties in interest, and mediation between the parties was set to begin in August. However, due to scheduling and logistical issues, the mediation sessions were held later on Sept. 14 and Sept. 15.
The diocese said those sessions were “quite productive” in moving the parties toward a consensual plan of reorganization. But the parties still haven’t reached a final agreement on certain plan terms.
The diocese said it is hopeful that one or more additional mediation sessions will result in a plan.
“It is important that the status quo is preserved as the parties continue to engage in good faith mediation of plan-related issues in order to transform the hope of a consensual plan into reality,” the diocese said.
The Norwich, Conn.-based diocese filed bankruptcy on July 15, 2021 under Chapter 11 case number 21-20687.
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