Diocese of Rockville Centre – Questions & Answers

What is Chapter 11?

Chapter 11 is a legal mechanism for court-supervised reorganization or restructuring of a corporation’s
obligations. Chapter 11 provides a way for a corporation to address its financial condition in order to
remain a viable entity, while continuing day-to-day operations.

Why did the Diocese of Rockville Centre (The Diocese) file for Chapter 11?  Continue reading…