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THE ROMAN CATHOLIC BISHOP of STOCKTON, A

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THE ROMAN CATHOLIC BISHOP of STOCKTON, A 1 STEVEN H. FELDERSTEIN (State Bar No. 056978) PAUL J. PASCUZZI (State Bar No. 148810) 2 JENNIFER E. NIEMANN (State Bar No. 142151) FELDERSTEIN FITZGERALD 3 WILLOUGHBY & PASCUZZI LLP 400 Capitol Mall, Suite 1750 4 Sacramento, CA 95814 Telephone: (916) 329-7400 5 Facsimile: (916) 329-7435 [email protected] 6 [email protected] [email protected] 7 Attorneys for The Roman Catholic Bishop of Stockton 8 UNITED STATES BANKRUPTCY COURT 9 EASTERN DISTRICT OF CALIFORNIA 10 SACRAMENTO DIVISION 11 In re: CASE NO. 14-20371 12 THE ROMAN CATHOLIC Chapter 11 13 BISHOP OF STOCKTON, a corporation sole, DEBTOR’S PLAN OF 14 Debtor-In-Possession. REORGANIZATION DATED OCTOBER 26, 2016 15 16 17 18 19 20 21 22 23 24 25 26 27 28 DEBTOR’S PLAN OF REORGANIZATION DATED OCTOBER 26, 2016 1 TABLE OF CONTENTS 2 ARTICLE 1 INTRODUCTION ................................................................................................ 1 ARTICLE 2 RULES OF INTERPRETATION ......................................................................... 1 3 ARTICLE 3 DEFINITIONS ...................................................................................................... 2 ARTICLE 4 PLAN OBJECTIVES .......................................................................................... 18 4 ARTICLE 5 UNCLASSIFIED CLAIMS ................................................................................ 18 5.1 Administrative Claims (other than Professional Fee Claims). ............................... 18 5 5.2 Professional Fee Claims. ........................................................................................ 19 5.3 Priority Unsecured Claims. .................................................................................... 19 6 5.4 Priority Tax Claims. ............................................................................................... 19 ARTICLE 6 CLASSIFICATION OF CLAIMS ...................................................................... 19 7 6.1 Classification. ......................................................................................................... 19 6.2 Classes. ................................................................................................................... 20 8 ARTICLE 7 TREATMENT OF CLASS 1 CLAIMS (PRIORITY EMPLOYEE UNSECURED CLAIMS) .................................................................................................. 20 9 7.1 Treatment. .............................................................................................................. 20 7.2 Impairment. ............................................................................................................ 20 10 ARTICLE 8 TREATMENT OF CLASS 2 CLAIMS (PREPETITION DATE SECURED TAX CLAIMS) ............................................................................................... 21 11 8.1 Treatment. .............................................................................................................. 21 8.2 Disputed Claims. .................................................................................................... 21 12 8.3 Retention of Liens. ................................................................................................. 21 8.4 Impairment. ............................................................................................................ 21 13 ARTICLE 9 TREATMENT OF CLASS 3 CLAIMS (PASTORAL CENTER LENDER SECURED CLAIMS) ....................................................................................... 21 14 9.1 Treatment. .............................................................................................................. 21 9.2 Retention of Liens. ................................................................................................. 21 15 9.3 Impairment. ............................................................................................................ 22 ARTICLE 10 TREATMENT OF CLASS 4 CLAIMS (NON-PRIORITY EMPLOYEE 16 CLAIMS) ........................................................................................................................... 22 10.1 Treatment. .............................................................................................................. 22 17 10.2 Impairment. ............................................................................................................ 22 ARTICLE 11 TREATMENT OF CLASS 5 CLAIMS (GENERAL UNSECURED 18 CONVENIENCE CLAIMS) .............................................................................................. 22 11.1 Treatment. .............................................................................................................. 22 19 11.2 Impairment. ............................................................................................................ 22 ARTICLE 12 TREATMENT OF CLASS 6 CLAIMS (GENERAL UNSECURED 20 CLAIMS) ........................................................................................................................... 22 12.1 Treatment. .............................................................................................................. 22 21 12.2 Impairment. ............................................................................................................ 22 ARTICLE 13 TREATMENT OF CLASS 7 CLAIM (CLAIM OF F & M BANK) ................ 23 22 13.1 Treatment. .............................................................................................................. 23 13.2 Impairment. ............................................................................................................ 23 23 ARTICLE 14 TREATMENT OF CLASS 8 CLAIM (CLAIM OF RCW) ............................... 23 14.1 Treatment. .............................................................................................................. 23 24 14.2 Impairment. ............................................................................................................ 23 ARTICLE 15 TREATMENT OF CLASS 9 CLAIMS (PRIEST RETIREMENT 25 CLAIMS) ........................................................................................................................... 23 15.1 Treatment. .............................................................................................................. 23 26 15.2 Impairment. ............................................................................................................ 23 ARTICLE 16 TREATMENT OF CLASS 10 CLAIMS (EXTERN PRIEST CLAIMS) ......... 24 27 16.1 Treatment. .............................................................................................................. 24 16.2 Impairment. ............................................................................................................ 24 28 ARTICLE 17 TREATMENT OF CLASS 11 CLAIMS (OTHER TORT CLAIMS) .............. 24 DEBTOR’S PLAN OF REORGANIZATION -i- DATED OCTOBER 26, 2016 1 17.1 Treatment. .............................................................................................................. 24 17.2 Impairment. ............................................................................................................ 24 2 ARTICLE 18 TREATMENT OF CLASS 12 CLAIMS (TORT CLAIMS A) ......................... 24 18.1 Treatment. .............................................................................................................. 24 3 18.2 Impairment. ............................................................................................................ 26 ARTICLE 19 TREATMENT OF CLASS 13 CLAIMS (TORT CLAIMS B) ......................... 26 4 19.1 Treatment. .............................................................................................................. 26 19.2 Impairment. ............................................................................................................ 27 5 ARTICLE 20 TREATMENT OF CLASS 14 CLAIMS (TORT CLAIM C) ........................... 28 20.1 Treatment. .............................................................................................................. 28 6 20.2 Impairment. ............................................................................................................ 28 ARTICLE 21 TREATMENT OF CLASS 15 CLAIMS (UNKNOWN TORT 7 CLAIMS) ........................................................................................................................... 29 21.1 Treatment. .............................................................................................................. 29 8 21.2 Impairment. ............................................................................................................ 30 ARTICLE 22 TRUST ................................................................................................................ 30 9 22.1 Establishment of Trust. .......................................................................................... 30 22.2 Funding. ................................................................................................................. 30 10 22.3 Reserve Accounts and Information Access............................................................ 31 22.4 No Execution. ......................................................................................................... 31 11 22.5 Trust Distributions. ................................................................................................ 31 22.6 Time for Return and Effect of Late Return of Releases and Certifications 12 by Releasing Tort Claimants. ................................................................................
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