BishopAccountability.org

Twin Cities archdiocese's bankruptcy costs approach $12 million

By Martin Moylan
Minnesota Public Radio
November 30, 2016

http://www.mprnews.org/story/2016/11/30/twin-cities-archdiocese-bankruptcy-costs-approach-12-million

A federal judge next Thursday will consider millions of dollars more in payments to attorneys and other professionals working on the bankruptcy of the Archdiocese of St. Paul and Minneapolis.

The latest requests for fees and expenses total $4.5 million. If the requests are granted, that would bring the tab for legal and related professional service costs for the bankruptcy to about $12 million.

The archdiocese is responsible not only for payment of its attorneys but also those representing creditors.

The archdiocese filed for bankruptcy nearly two years ago. The church's most recent reorganization plan would provide $130 million in compensation to clergy abuse victims.

But an attorney for abuse survivors says insurance companies for the archdiocese should put more money into a settlement.

A hearing on bankruptcy reorganization plans will be held on Dec. 15.

Contact: mmoylan@mpr.org




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