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The attorney representing a creditors committee of clergy abuse survivors told a judge this week that it may seek standing in the case to challenge the Archdiocese of Santa Fe’s movement of assets before it filed for bankruptcy.
“The committee is ready to move forward on standing motions to avoid fraudulent conveyances that we believe occurred when the archdiocese corporately reorganized,” James Stang, a Los Angeles-based attorney representing the committee, said Monday. “We believe there’s a basis for us bringing those fraudulent conveyance actions.”
Parties in the Chapter 11 case were in court Monday updating a federal Bankruptcy Court judge on the status of mediation.