Tag: sub con

Judge: Parishes, other Catholic entities will not be forced to merge assets with archdiocese in bankruptcy proceedings

Judge: Parishes, other Catholic entities will not be forced to merge assets with archdiocese in bankruptcy proceedings

| July 28, 2016 | 1 Comment

“Even if I had the authority to substantively consolidate the debtor with non-consenting, eleemosynary [nonprofit] non-debtors, the committee failed to allege sufficient facts to support substantive consolidation,” Judge Robert Kressel wrote in a 10-page decision.

Continue Reading