On March 27, 2023, the United States Trustee, the governmental body tasked with overseeing bankruptcy cases, appointed nine members to the Official Committee of Unsecured Creditors (the “Committee”). The Committee was appointed to represent all unsecured creditors of the Debtor, which are predominately comprised of sexual abuse survivors. More information regarding the role of the Committee can be found at Overview of Bankruptcy Process.
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Case Filing Information
The Roman Catholic Bishop of Santa Rosa aka Diocese of Santa Rosa filed for chapter 11 bankruptcy on March 13, 2023. In its initial case filings, the Diocese stated that “The RCBSR intends to negotiate a plan of reorganization as early as possible which will: (a) allocate the RCBSR’s remaining assets fairly among the legitimate competing interests for such property; (b) provide a process to fully, fairly and expeditiously liquidate claims of Abuse survivors; and (c) permit the RCBSR to carry on the RCBSR’s essential ministries and services so the RCBSR can continue to meet the needs of the Non-Debtor Catholic Entities, parishioners, and others who rely on the RCBSR’s ministry, education, and charitable outreach.”
The Debtor indicated that at the time it filed for bankruptcy it held assets exceeding $10 million and liabilities ranging from $10 million to $50 million.