Tag: Assets

Financial adviser: Don’t wait to put a plan in place

Financial adviser: Don’t wait to put a plan in place

| March 8, 2017 | 0 Comments

John Tetzloff has served many people in his 20 years at St. Paul-based Catholic United Financial. As an advanced case specialist and trainer, he meets with about 100 families every year about estate planning and charitable giving. But one particular couple stands out in his mind.

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Judge: Parishes, other Catholic entities will not be forced to merge assets with archdiocese in bankruptcy proceedings

Judge: Parishes, other Catholic entities will not be forced to merge assets with archdiocese in bankruptcy proceedings

| July 28, 2016 | 1 Comment

“Even if I had the authority to substantively consolidate the debtor with non-consenting, eleemosynary [nonprofit] non-debtors, the committee failed to allege sufficient facts to support substantive consolidation,” Judge Robert Kressel wrote in a 10-page decision.

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Bankruptcy judge: Accusations that archdiocese hiding assets false

Bankruptcy judge: Accusations that archdiocese hiding assets false

| June 3, 2016 | 0 Comments

Accusations that the Archdiocese of St. Paul and Minneapolis is trying to shield assets or mislead the court in its plan for Reorganization are “not at all helpful” and “not true,” a U.S. bankruptcy court judge said during a June 2 hearing.

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Archbishop: ArchSPM not shielding assets, accusations signal work needed to gain trust

Archbishop: ArchSPM not shielding assets, accusations signal work needed to gain trust

| May 25, 2016 | 6 Comments

“Let me be extremely clear: The archdiocese has disclosed all of its assets and followed all of the rules set forth by the court and all directives from the judge,” Archbishop Hebda said during a press conference on the lawn of his residence May 24.

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Archdiocese addresses property values, Catholic Services Appeal in Reorganization hearing

Archdiocese addresses property values, Catholic Services Appeal in Reorganization hearing

| February 26, 2015 | 0 Comments

Creditors of the Archdiocese of St. Paul and Minneapolis and attorneys for victims/survivors of clergy sexual abuse with claims against the archdiocese sought clarification in a meeting of creditors Feb. 24 on the archdiocese’s financial assets and operations as reported in its Jan. 16 filing for Reorganization under the Chapter 11 bankruptcy code and subsequent required filings.

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