The Archdiocese of New Orleans has reached a settlement with a group of bondholders in its long-running bankruptcy case, removing the last remaining hurdle towards a resolution, which could come now as soon as next week.

The bondholders, who were owed nearly $30 million on a $40 million loan they made to the archdiocese in 2017 to help refinance parish debt, was opposed to the settlement plan currently up for confirmation before U.S. Bankruptcy Judge Meredith Grabill.

The plan, which would create a $230 million trust to be paid to hundreds of survivors of clergy sex abuse and establish strict new abuse protection and reporting policies, has the overwhelming support of abuse survivors.

The bondholders, however, who initially stood to receive just $3 million of the $30 million they we

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