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The offer is just one party that would pay funds to victims.
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Lawyers for abuse survivors are optimistic they will be able to end the case soon.
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The two parties are set to meet seven times in the coming months.
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Survivors as asking for the dismissal so they can sue individually.
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Mediations can still continue, according to lawyers.
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Abuse victims are already frustrated with the snags in the case.
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If approved, hundreds may revert to suing the church.
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Insurance companies had objected to survivors speaking for fear they’d influence the court.
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A law firm working the bankruptcy case was attacked in February.
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Insurance companies are throwing a wrench in the process.