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Deadline for victims of church sex abuse to file claims expires


Deadline for victims of church sex abuse to file claims expires
Deadline for victims of church sex abuse to file claims expires
By Kimberly Curth | March 1, 2021 at 6:51 PM CST - Updated March 1 at 6:51 PM
NEW ORLEANS (WVUE) - The deadline to file a sexual abuse claim against the Archdiocese of New Orleans in its federal bankruptcy case expired as of March 1, 2021.
The church filed for Chapter 11 reorganization in May of last year. It said it was necessary because of ongoing budget challenges and the financial strain of decades-old clergy abuse litigation.
We spoke with attorney James Stang, who represents the creditors committee in the bankruptcy proceedings, which includes alleged sexual abuse victims. He said as of about two weeks ago, there were 180 claims against the church on file. He expected to see claims come in until the last minute. ....

United States , James Stang , New Orleans , Archdiocese Of New Orleans , Chapter 11 , Bankruptcy Case , Church Sex Abuse Claims , ஒன்றுபட்டது மாநிலங்களில் , ஜேம்ஸ் ஸ்டாங் , புதியது ஆர்லீயந்ஸ் , பேராயர் ஆஃப் புதியது ஆர்லீயந்ஸ் , திவால்நிலை வழக்கு ,

A Game of Survivor: Private Credit Restructuring Year in Review | Proskauer Rose LLP


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Private credit lenders started 2020 both with anticipation and trepidation.  Activity levels were strong and default levels were at historic lows, but private credit lenders worried about the risk of economic headwinds – after all, we were then in the extra innings of the longest economic recovery on record. 
At the time, we predicted the next wave of restructurings would be different because, unlike traditional lenders, private credit lenders have many more tools in the restructuring toolbox: strong relationships with sponsors, flexible capital that could be deployed in a downside scenario, the ability to operate at different levels of the capital structure, operational and financial experience, and, ultimately, the ability to own and operate a business, if necessary.  ....

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