Tag: reorganization

Appeals court affirms Catholic institutions’ assets separate from archdiocese

Appeals court affirms Catholic institutions’ assets separate from archdiocese

| April 30, 2018 | 0 Comments

“I hope all abuse survivors, reassured by the court’s decision, will soon be able to choose the path of settlement and closure on this aspect of their quest for justice and healing,” said Thomas Abood, chairman of the archdiocese’s Reorganization Task Force.

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Crosiers’ $25 million abuse settlement approved

Crosiers’ $25 million abuse settlement approved

| March 28, 2018 | 0 Comments

“Despite commentary from others last week, the archdiocese never sought to block the Crosiers’ plan of reorganization or its settlement with victims/survivors, and doing so would not have benefited the Archdiocese in any way,” said Thomas Abood, chair of the archdiocese’s Reorganization Task Force, in a March 22 statement.

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Archdiocese: Crosier plan objection aims to secure compensation for abuse claimants

Archdiocese: Crosier plan objection aims to secure compensation for abuse claimants

| March 16, 2018 | 0 Comments

“The archdiocese filed its objection in the related Crosier matter to ensure the preservation of insurance rights for the benefit of the victim creditors in its case,” Thomas Abood said. “The archdiocese fully expects that its filing, as well as the similar filing by the Crosiers in the Archdiocese case, will be resolved in a way that does not delay confirmation of a plan in either case.”

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Diocese of St. Cloud says it plans to file for Chapter 11 bankruptcy reorganization

Diocese of St. Cloud says it plans to file for Chapter 11 bankruptcy reorganization

| The St. Cloud Visitor | March 1, 2018 | 0 Comments

The Diocese of St. Cloud is planning to file for Chapter 11 bankruptcy reorganization, Bishop Donald Kettler announced Feb. 28 at a meeting in Albany with pastors and trustees from the diocese’s 131 parishes.

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Judge denies both Reorganization plans, directs parties to return to mediation

Judge denies both Reorganization plans, directs parties to return to mediation

| December 29, 2017 | 9 Comments

“We look to engage with all participants in mediation as directed by the judge to bring a prompt and fair resolution,” Tom Abood, chairman of the archdiocese’s reorganization task force, said in the statement.

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Fate of bankruptcy plans in judge’s hands

Fate of bankruptcy plans in judge’s hands

| September 5, 2017 | 0 Comments

Counsel for multiple parties with interests in the matter, including representatives of the archdiocese, parishes, insurers and clergy sexual abuse claimants, presented objections to the plans before Judge Robert Kressel in U.S. Bankruptcy Court in Minneapolis Aug. 29.

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Court hears objections to Reorganization plans

Court hears objections to Reorganization plans

| June 19, 2017 | 1 Comment

In considering the Unsecured Creditors Committee’s objections to the archdiocesan plan, Judge Robert Kressel questioned whether UCC counsel Robert Kugler was trying to “inflame” his clients with misleading claims about the archdiocese’s plan and assets.

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Archbishop Hebda: Goal is ‘fair compensation as soon as possible’ for victims

Archbishop Hebda: Goal is ‘fair compensation as soon as possible’ for victims

| March 30, 2017 | 0 Comments

In a March 26 letter and video statement to local Catholics, Archbishop Bernard Hebda said that the Archdiocese of St. Paul and Minneapolis is hoping to soon resolve its Chapter 11 Reorganization and provide fair compensation for victims/survivors of clergy sexual abuse.

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New Ulm diocese files for bankruptcy in response to clergy sex abuse claims

New Ulm diocese files for bankruptcy in response to clergy sex abuse claims

| March 3, 2017 | 0 Comments

The Diocese of New Ulm filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code March 3 in response to 101 lawsuits related to clergy sexual abuse claims made against it. The lawsuits were filed during the Minnesota Child Victims Act’s three-year lifting of the statute of limitations that ended May 25, 2015.

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Bankruptcy judge appoints future claims representative

Bankruptcy judge appoints future claims representative

| February 10, 2017 | 0 Comments

In a move that further enhances the chances a $14 million settlement secured by the Archdiocese of St. Paul and Minneapolis with Catholic Mutual Insurance will become available to victims, U.S. Bankruptcy Court Judge Robert Kressel approved a future claim representative in the archdiocese’s ongoing Chapter 11 Reorganization case at a Feb. 9 hearing.

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At bankruptcy’s two-year mark, creditors will soon vote on plan

At bankruptcy’s two-year mark, creditors will soon vote on plan

| January 24, 2017 | 0 Comments

As the Archdiocese of St. Paul and Minneapolis marks the two-year anniversary of entering Chapter 11 bankruptcy, it anticipates that two different plans for Reorganization will be put before creditors for a vote in February. A court order is expected to establish a 30-day timeline for ballots to be mailed to creditors, including more than 450 sexual abuse claimants. The archdiocese’s bankruptcy proceedings are the first among more than a dozen bankruptcies of U.S. dioceses that involve competing plans for Reorganization.

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Bankruptcy judge: Creditors committee can’t sue parishes, schools for transferred funds

Bankruptcy judge: Creditors committee can’t sue parishes, schools for transferred funds

| January 14, 2017 | 0 Comments

A federal court judge ruled Jan. 12 that a committee representing creditors of the Archdiocese of St. Paul and Minneapolis would not be permitted to file lawsuits against Catholic entities, including schools and parishes, that received payments from the archdiocese in the two years before it filed bankruptcy in January 2015.

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