Tag: Creditors

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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