The Survivor Committee has taken a large step forward in the Archdiocese’s bankruptcy by filing something called a plan of reorganization. The Committee’s “plan” provides a legal roadmap to bring the Archdiocese’s bankruptcy to a much-needed conclusion.

Although many issues remain subject to negotiation, the Survivor Committee’s plan includes an agreement in principle for Hartford to pay $100 million.The Survivor Committee led negotiations on this landmark resolution. The Committee is hopeful that it may soon be in a position to announce settlements with other parties as well.

The Committee’s agreement with the Hartford is just one piece of a large and complex puzzle and it is also subject to ongoing negotiations of non-financial terms as well as typical conditions, such as the bankruptcy court’s approval of both the $100 million agreement and the court’s approval of a plan that resolves the Archdiocese’s bankruptcy overall. That said, the Committee’s $100 million resolution with the Hartford is a significant first step toward global resolution and provides measurable hope to 900+ Survivors who have waited far too long for recognition.