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.
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.
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.