Bankruptcy

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Twin Cities Archdiocese May Sell Off Some Properties To Pay Creditors

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.

02/25/2015

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Target Canada Suppliers Hit By Retailer’s Bankruptcy Filing

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.

02/16/2015

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Archdiocese Files List Of Assets, Debts In Bankruptcy Case

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.

01/30/2015

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Federal Judge Orders Archdiocese To Mediation With Abuse Victims

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.

01/20/2015

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Churchgoers Brace After Archdiocese’s Chapter 11 Filing

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.

01/19/2015

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Archdiocese Of St. Paul & Minneapolis Files For Bankruptcy

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.

01/16/2015

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Churchgoers Empathetic As Archdiocese Files For Bankruptcy

The Archdiocese of Minneapolis and St. Paul has filed for bankruptcy amid lawsuits alleging sexual abuse by some of their clergy members.

01/16/2015

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Divide Among Attorneys, Victim Groups Over Church Bankruptcy

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.

01/16/2015

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Archbishop: Bankruptcy Fairest Way To Help Abuse Victims

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.

01/16/2015

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Bankruptcy May Be Archdiocese’s Solution For Abuse Settlements

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.

10/14/2014

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DeRusha Eats: Old Country Buffett

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.”

06/14/2014

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Blockbuster Video Announces It’s Closing

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.

11/07/2013

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Ex-GOP MN Chairman Files For Personal Bankruptcy

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.

09/09/2013

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Former Wis. DA Files For Bankruptcy

A former Wisconsin prosecutor accused of sending racy text messages to a domestic abuse victim has filed for bankruptcy.

05/14/2012

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Case Asks: What’s A Fair Price For Llamas?

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.

01/30/2012

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Perkins Parent Files For Bankruptcy Protection

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.

06/13/2011

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AP: Economic Stress Drops To 3-Month Low

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.

05/04/2011

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Christi Rowan-Hecker Moved To Illinois Prison

The wife of beleaguered auto mogul Denny Hecker has been moved to a federal prison in southern Illinois.

05/03/2011

This Linus Van Pelt statue is on the auction block in the bankruptcy of Denny Hecker. (credit: CBS)

Another Chance To Own A Piece Of Hecker

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.

05/03/2011

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Economic Stress Shows Signs Of Dipping In Past Year

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.

03/24/2011

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Sun Country Set To Emerge From Bankruptcy

After 30 months in bankruptcy protection, the CEO of Sun Country Airlines is optimistic about the future.

02/19/2011

Denny Hecker, auto mogul, Chrysler Financial

Hecker Accuses Lawyer, Trustee Of Lying

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.

01/29/2011

Former Minnesota Gov. Tim Pawlenty visits 'Fox & Friends' at FOX Studios on January 12, 2011 in New York City. (credit: Slaven Vlasic/Getty Images)

Pawlenty To U.S.: Don’t Be Greece

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.

01/13/2011

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Milwaukee Archdiocese Files For Chap 11

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.

01/04/2011

Christi Rowan. (credit: CBS)

Christi Rowan To Appear In Court Today

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.

12/01/2010

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