Nearly six years after filing, the Diocese of Syracuse has officially closed its Chapter 11 case, according to Spectrum News. A federal bankruptcy judge approved a plan that sends $176.1 million to survivors of sexual abuse through a victims’ trust.
Insurance companies will cover about $76.1 million of that total. The diocese will fund the rest, including at least $45 million from its parishes.
The process began in June 2020 as the diocese faced numerous abuse claims. Wednesday’s ruling finalizes the reorganization and clears the way for payments to survivors.
FingerLakes1.com is the region’s leading all-digital news publication. The company was founded in 1998 and has been keeping residents informed for more than two decades. Have a lead? Send it to [email protected].