Bankruptcy Judge Robert Kressel yesterday granted the Archdiocese of Minneapolis and St. Paul the extra six months it wanted on exclusive rights to file its reorganization plan, but he rejected a request to hire more consultants — even at the discounted rate of $595 per hour, the Minneapolis Star Tribune reported today. The Archdiocese wanted to hire BRG Capstone to handle any possible future clergy sex abuse or other claims that people could file against it, even though the deadline for filing those has passed. Judge Kressel declared the possibility of future claims “remote.” If people do come forward, they wouldn’t require special representation because they are already represented by the unsecured creditors’ committee, he said. Read more.
For more on diocesan bankruptcies, be sure to attend the panel session at ABI’s Winter Leadership Conference!
