Sunday, December 04, 2016

Bankruptcy costs for Minnesota archdiocese near $12 million

Image result for St. Paul-Minneapolis archdioceseThe legal costs associated with the bankruptcy filing of the St. Paul-Minneapolis archdiocese are approaching $12 million, Minnesota Public Radio reports.

A federal bankruptcy-court judge will soon weigh new bills from lawyers and other professionals involved in the case, amounting to $4.5 million. 

The archdiocese is obliged to pay the fees for creditors as well as its own legal costs. 

The archdiocese has proposed a financial reorganization plan that would provide $130 million for the sex-abuse victims who constitute the largest group of creditors. 

Attorneys for the victims are seeking more compensation.