Diocese bankruptcy costs exceed $3.6 million
NEW MEXICO
Gallup Independent
Published in the Gallup Independent, Gallup, N.M., Feb. 6, 2016
By Elizabeth Hardin-Burrola
Independent correspondent
religion@gallupindependent.com
ALBUQUERQUE – As the Diocese of Gallup pushes to conclude its Chapter 11 case in U.S. Bankruptcy Court, its bankruptcy costs have exceeded $3.6 million. Attorneys, accountants and other professionals submitted quarterly billing statements totaling $340,520.07 for the period of Oct. 1 through Dec. 31, adding up to a total current cost of $3,587,597.65.
However, the quarterly statements do not represent a completely accurate total of the Gallup Diocese’s bankruptcy expenses. They do not include the $38,675 the diocese has paid the U.S. Trustee Program, which oversees the administration of bankruptcy cases.
The statements also do not include miscellaneous expenses the diocese has been paying each month from its bank accounts, such as the $45,000 the diocese paid Tucson Realty & Trust Co. and Accelerated Marketing Group…
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