The Archdiocese of St. Paul and Minneapolis says it may sell off a portion of its property in order to pay creditors after filing for bankruptcy. The archdiocese may pursue the option to sell three of its buildings in St. Paul, including the Chancery Office on Summit Avenue.
The end of Target’s Canadian operations has had a financial impact on small and medium businesses in Minnesota that supplied the retailer. Target’s Canadian division filed for bankruptcy protection last month and owes nearly $5 million to suppliers and service providers in Minnesota.
The Archdiocese of St. Paul and Minneapolis is listing its assets and liabilities in detail as part of its latest filing in U.S. Bankruptcy Court.
Last week, the Archdiocese of St. Paul and Minneapolis announced it was filing for bankruptcy amid lawsuits claiming sexual abuse by priests. Tuesday, they were in court to hash out some of the details.
Following the news that the Archdiocese of St. Paul and Minneapolis has filed for bankruptcy, dozens of parishes across the Twin Cities are now bracing for the worst. Archbishop John Nienstedt made the announcement on Friday. He claimed filing for Chapter 11 reorganization would not hurt local churches.
The Roman Catholic Archdiocese of St. Paul and Minneapolis filed for bankruptcy protection on Friday, saying it’s the best way for the church to get as many resources as possible to victims of clergy sexual abuse.
The Archdiocese of Minneapolis and St. Paul has filed for bankruptcy amid lawsuits alleging sexual abuse by some of their clergy members.
Some attorneys and victims groups are reacting differently to a bankruptcy filing by Minnesota’s largest Catholic archdiocese. Mike Finnegan is an attorney for a law firm that repeatedly sued the St. Paul-Minneapolis archdiocese for abuse victims. His firm is now working with it on child protection issues. Finnegan says the filing won’t stop scrutiny.
The archbishop of the St. Paul-Minneapolis Archdiocese says he has ordered a bankruptcy declaration because it’s the fairest way to help victims of sexual abuse by priests.
After a historic settlement in clergy sex abuse lawsuits in Minnesota, now the question becomes how the Catholic Church will pay for it. The exact amount of the settlement has been kept confidential, but experts say it could cost the Archdiocese tens of millions of dollars.
Old Country Buffet was in bad shape. Stores were closing, and the company was filing for bankruptcy. Then came new CEO Anthony Wedo. “We haven’t done a facelift even for 30 years in this business,” Wedo said. “If you wore the same clothes you wore 30 years ago, you’d be in trouble, right? I mean, you’d stand out in the wrong way.”
It could be considered a sign of the digital times we’re in as a popular video rental franchise announced its shutting down. Blockbuster Video has announced its closing all of its rental stores and its latest DVD-by-mail service.
Former Minnesota Republican Party chairman Tony Sutton has filed for personal bankruptcy.. Sutton stepped down as party chairman in 2011 amid steep criticism of party finances.
A former Wisconsin prosecutor accused of sending racy text messages to a domestic abuse victim has filed for bankruptcy.
Federal bankruptcy officials in Iowa want to get out of the llama business as soon as possible, even if that means selling a herd of the rare pack animals on the cheap.
Restaurant owner Perkins & Marie Callender’s Inc. on Monday filed for Chapter 11 bankruptcy protection, brought down by tough competition, the weak economy and rising food costs.
Lower unemployment, bankruptcies and foreclosures in March reduced the nation’s economic stress to its lowest point this year, according to The Associated Press’ monthly analysis of conditions around the country.
The wife of beleaguered auto mogul Denny Hecker has been moved to a federal prison in southern Illinois.
Even after five auctions there are still a lot of Denny Hecker’s possessions to be auctioned off, according to Fred Radde and Sons auction house in New Germany.
Lower unemployment and bankruptcies helped reduce the nation’s economic stress in January compared with a year earlier, according to The Associated Press’ monthly analysis. Still, the figures show the economy has yet to regain full health.
After 30 months in bankruptcy protection, the CEO of Sun Country Airlines is optimistic about the future.
Disgraced Twin Cities auto dealer Denny Hecker has written a letter to a bankruptcy judge accusing a bankruptcy trustee and his own former attorney of lying.
Former Minnesota Gov. Tim Pawlenty says the United States followed Greece into democracy but should take steps so the country does not follow it into bankruptcy.
The Catholic Archdiocese of Milwaukee has directed its attorneys to file for bankruptcy protection, saying pending sexual-abuse lawsuits have left it with debts it can’t pay.
The girlfriend of former auto mogul Denny Hecker could soon be joining him behind bars, as she is set to appear in bankruptcy court on Tuesday.