Latest developments in church bankruptcy case heard in court

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(PNC file photo)

Several updates in the Archdiocese of Guam bankruptcy case unfolded in the District Court of Guam Tuesday morning.

District Court Chief Judge Frances Tydingco-Gatewood entertained the Unsecured Creditors Committee’s response to the third application of fees associated with the bankruptcy case which amounts to $827,000.

While concerned about the accruing legal fees, the committee supported the payments but only if the Archdiocese is willing to meet certain conditions. The Chief Judge stated that provisions from unsecured creditors looks good, granted it doesn’t alter any court deadlines.

The Chief Judge also entertained a request regarding the continued stay of the application to hire Ankura Consulting Group LLC as the committee’s financial advisor.

Edwin Calde told the court that while they continue to make great progress, if they fail to reach resolutions, they would have to return to the court for sole lawsuit and it may also lead to an investigation of some certain asset-related issues.

Meanwhile, the Archdiocese of Agana has filed a motion to approve post petition lending pursuant to the CARES Act on an emergency basis.

Because of the current stay, filings related to the motion are not due until the stay is lifted.

Chief Judge Tydingco-Gatewood wanted to know if the Archdiocese was still going to follow through with the motion. The Church’s attorney, Bruce Anderson, indicated that the motion will be pursued.

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Jolene Toves
Jolene joined the PNC team in 2017, as a producer, co-anchor and investigative reporter covering law enforcement, courts and crimes. Notable coverage includes the Ehlert case, the Mark Torre Jr. trial, the Allan Agababa trial, exclusive pieces on the Life of a Drug Dealer/Addict, and Life behind bars...the story of Honofre Chargualaf and Kevin Cruz. In 2019, she was promoted to Assistant News Director and Lead Anchor. From 2015 to 2017 she served as Public Relations and Promotions Manager, for the Hotel Nikko Guam handling local radio and advertorial promotions, as well as produced and directed tv commercials for the hotel. Prior to this she worked with KUAM for three years as a reporter and segment host. She began her journalism career in 2012, working with Glimpses of Guam contributing to the Guam Business Magazine, R&R magazine, MDM magazine and the Marianas Business Journal.