Tag: bankruptcy
Archdiocese officially out of bankruptcy
The Archdiocese of St. Paul and Minneapolis’ Chapter 11 bankruptcy case was formally closed in U.S. Bankruptcy Court Dec. 21, three months after $210 million plan for Reorganization was approved by U.S. Bankruptcy Judge Robert Kressel Sept. 25.
Attorneys recognized for work in archdiocesan bankruptcy case
The 2018 Attorneys of the Year were chosen for such attributes as leadership, involvement in major cases, excellence in corporate or transactional services, and public service.
Diocese of Winona-Rochester to file for Chapter 11 bankruptcy
The Diocese of Winona-Rochester will file for Chapter 11 bankruptcy by the end of November to compensate victims/survivors of clergy sexual abuse and to ensure the diocese’s daily operations can continue uninterrupted, Bishop John Quinn said in a Nov. 18 letter included in parish bulletins at weekend Masses.
Archdiocese’s $210 million settlement plan approved
“I hope this resolution brings some measure of justice to you,” Archbishop Hebda said to survivors. “Yet, I know that no amount of money will make up for the horrors you experienced and the far-too-frequent failures by priests and bishops — inexcusable failures that went on for way too long.”
Survivors approve plan; archdiocese expects judge’s approval Sept. 25
Of the 400 claimants who voted, 398 affirmed the $210 million plan, according to a document the archdiocese filed in U.S. bankruptcy court Sept. 21.
San Juan Archdiocese files for bankruptcy over teacher pensions
The Archdiocese of San Juan filed for bankruptcy protection Aug. 29 over unpaid teacher pensions.
Archdiocese: Goal is to pay abuse settlement to survivors by year-end
An attorney representing the archdiocese said that the archdiocese intends for survivors to receive remuneration as soon as possible, and that survivors have asked for payment distribution by the end of 2018.
Archdiocese continues to meet Ramsey County settlement requirements
The progress in the archdiocese’s bankruptcy reorganization, which is expected to be settled in a matter of months, will allow the archdiocese to move ahead with restorative justice efforts with survivors outlined in the settlement agreement, Tim O’Malley said.
‘Who pays?’
There has been much discussion concerning the settlement reached in the reorganization of the Archdiocese of St. Paul and Minneapolis as a corporate entity. As Catholics, we know that the “archdiocese” is a reality much greater than the definitions of civil law. Yet, at every level of the Church, there is the question, “Who pays?”
Pastors say parish settlement contribution small but significant
“We’re all part of the same Church. We’re all part of the same body of Christ,” Father Livingston said of the St. Paul in Ham Lake’s decision to contribute to the settlement.
Filed plan outlines funding of archdiocese’s $210 million settlement
The documents filed June 28 confirmed about $40 million of the fund will come from additional cash contributions from the archdiocese and parishes and includes cash from the sale of its properties, parishes contributions and a benefits fund.
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