KANSAS CITY (MO)
National Catholic Reporter
July 11, 2018
By Brian Roewe
Real estate sales largely will cover archdiocese’s $23.5 million portion of $210 million settlement
The St. Paul-Minneapolis Archdiocese will pay roughly $23.5 million as part of its $210 million bankruptcy settlement, court documents filed in late June show.
On June 28, the archdiocese and the unsecured creditors’ committee, which represents 450 survivors of clergy sexual abuse, filed in U.S. Bankruptcy Court their joint plan for reorganization along with a disclosure statement of the archdiocese’s finances, including a breakdown of the settlement’s funding sources.
The filing represented the next step toward bankruptcy resolution for the archdiocese after it was announced May 31 it had reached a settlement with its creditors totaling $210,290,724 — the largest payout via bankruptcy proceedings in the Catholic Church’s clergy sex abuse scandal.
According to the disclosure statement, the archdiocese’s portion of the settlement is $23,475,000. More than two-thirds of the funds come from the sale of real estate, including its chancery and Hayden Center administrative building, and of other assets, as well as $6 million from the general insurance fund.
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