The Official Committee of Survivors in the Diocese of Santa Rosa bankruptcy, which represents the interests of all Survivors, wishes to share important information regarding pre-settlement loans.

The Committee understands that some Survivors may be considering obtaining funds from companies that offer loans or advances in anticipation of receiving a future bankruptcy settlement payment.

These arrangements can provide access to funds before a settlement is reached. However, they may also involve significant costs, including high interest rates, fees, or repayment obligations that substantially exceed the amount originally received. The specific terms and obligations vary depending on the arrangement. Survivors who are considering these arrangements are encouraged to think all of the details through carefully and to discuss them with their individual attorneys, if they have one, to better understand the potential costs, obligations, and implications before proceeding. 

We recognize that the wait for a resolution of this bankruptcy has been difficult and that the uncertainty surrounding the timing and amount of any eventual settlement adds to that difficulty.

The Committee continues to work diligently toward achieving an appropriate settlement as quickly as possible. However, the timing and amount of any distributions to Survivors remain uncertain.

As developments become public, we will continue to provide updates through this website so that Survivors have access to the latest available information.