Tag: bankruptcy

In revised Reorganization plan, archdiocese allocates more than $133M to victims

In revised Reorganization plan, archdiocese allocates more than $133M to victims

| November 17, 2016 | 1 Comment

After months of negotiations with insurance carriers, the Archdiocese of St. Paul and Minneapolis filed an amended plan for Reorganization Nov. 15 that increased compensation for victims of clergy sexual abuse to more than $133 million.

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Archdiocese’s bankruptcy expenses explained

Archdiocese’s bankruptcy expenses explained

| Tom Mertens | October 12, 2016 | 0 Comments

Bankruptcy is complicated and expensive. A Sept. 21 article in the Minneapolis StarTribune about the Archdiocese of St. Paul and Minneapolis’ Reorganization efforts and how much it has cost since we filed in January 2015 painted an incomplete picture, and there are some items that need attention and clarification.

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Victims’ attorneys appeal judge’s decision not to consolidate parish, archdiocesan assets

Victims’ attorneys appeal judge’s decision not to consolidate parish, archdiocesan assets

| August 11, 2016 | 1 Comment

A committee representing sexual abuse claimants filed Aug. 10 to appeal a bankruptcy court judge’s ruling that declined to consolidate the assets of the Archdiocese of St. Paul and Minneapolis with those of parishes and other Catholic entities in the archdiocese’s bankruptcy process.

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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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Archdiocese to sell final Cathedral Hill property to Cathedral Heritage Foundation

Archdiocese to sell final Cathedral Hill property to Cathedral Heritage Foundation

| June 20, 2016 | 0 Comments

The Archdiocese of St. Paul and Minneapolis is planning to sell a 94-year-old office building to the Cathedral Heritage Foundation and a separate limited liability company for $900,000 pending U.S. Bankruptcy Court approval.

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Archdiocese: Jewelry sale part of Reorganization plan

Archdiocese: Jewelry sale part of Reorganization plan

| June 13, 2016 | 1 Comment

As stated in the plan for Reorganization the archdiocese filed with the U.S. Bankruptcy Court May 26, it plans to sell non-essential items — including jewelry and art — without liturgical value to compensate people who have filed claims against the archdiocese, including victims of clergy sex abuse.

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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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In Reorganization plan, archdiocese offers $65 million for abuse victim remuneration

In Reorganization plan, archdiocese offers $65 million for abuse victim remuneration

| May 26, 2016 | 4 Comments

“We welcome the scrutiny of the court and all others involved,” Archbishop Bernard Hebda said of the plan at a May 24 press conference. “We believe it will show our commitment to a fair, just and timely resolution of all the claims made against us, especially for those who have been hurt by people in the Church.”

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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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Bankruptcy judge approves chancery sale, new archdiocesan headquarters’ lease

Bankruptcy judge approves chancery sale, new archdiocesan headquarters’ lease

| April 8, 2016 | 0 Comments

A bankruptcy court judge approved April 7 both the sale of the Archdiocese of St. Paul and Minneapolis’ chancery and adjoining archbishop’s residence, and the lease for the archdiocese’s new headquarters in St. Paul’s Dayton’s Bluff neighborhood.

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Archdiocese to move into historic 3M headquarters

Archdiocese to move into historic 3M headquarters

| February 29, 2016 | 0 Comments

The Archdiocese of St. Paul and Minneapolis plans to move its central corporation offices to the 3M Company’s former headquarters in St. Paul. The archdiocese signed a lease Feb. 29 for the 75,000 square foot building in the Dayton’s Bluff neighborhood, northeast of downtown.

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Archdiocese sells Hazelwood property

Archdiocese sells Hazelwood property

| February 25, 2016 | 0 Comments

The 10-acre property with a 2,500-square-foot house sold to a Faribault couple for $365,000, $45,000 less than its initial asking price.

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