Oakland Diocese Bankruptcy Judge Extends Deal Deadline (Correct)

The Diocese of Oakland, Calif., will have its Chapter 11 case dismissed at the end of the month if it hasn’t made substantial progress toward a bankruptcy exit plan that’s supported by insurers and abuse claimants.

The diocese and several insurers during a Wednesday status conference in the US Bankruptcy Court for the Northern District of California supported a mediator’s request for two additional weeks and “not a minute later,” to present plan documents to the judge.

There has been “progress like I haven’t seen before,” former California bankruptcy judge Randall Newsome, a mediator in the case, said during the ...