We are in a time of increased tensions, uncertainties and changes in the Catholic Church . Particularly troubling is the loss of moral authority resulting from the continuing sexual abuse crisis and evidence of institutional coverup. The purpose of this site is to examine what is happening by linking to worldwide news stories, particularly from the English speaking church and the new breath of fresh air blowing through the church with the pontificate of Pope Francis. Romans 8:38
Wednesday, June 24, 2015
Bankruptcy has cost St. Paul - Minneapolis Archdiocese about $2 million so far
Martin Moylan
MPR News
June 23, 2015
The Archdiocese of St. Paul and Minneapolis has incurred about $2 million in legal costs so far in its bankruptcy reorganization.
The archdiocese filed for bankruptcy in January. Soon after the filing, the judge assigned to the case ordered key parties into mediation, hoping that would expedite a resolution and keep legal costs down.
But the latest operating report filed by the archdiocese indicates it has racked up $1.4 million in legal fees, mostly with the Briggs and Morgan law firm.
The church is also responsible for $600,000 in legal fees incurred by the unsecured creditors' committee, which is representing the interests of sex abuse victims.
Meanwhile, the archdiocese reported $27.3 million in net assets as of May 31.
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