NEW ORLEANS —

The Archdiocese of New Orleans is one step closer to ending its nearly six-year bankruptcy after attorneys for bondholders struck a deal to support a payment plan.

Bonds are essentially loans that investors gave to the diocese, with interest, and the focus in the courtroom Tuesday was how bondholders will be paid. Advertisement

For years, the church and bond holders have clashed over the proposed settlement plan for abuse survivors.

Bond holders have said they felt they were treated unfairly by the diocese and voted against the settlement plan.

In court Tuesday, that changed and an agreement was reached.

The diocese laid out a new plan to pay about $28 million with an interest rate of a little more than 4% over 12 years, and it will also pay a portion of additional fee

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