Sixteen months after entering chapter 11, the Archdiocese of St. Paul and Minneapolis filed a plan for reorganization May 26 as part of the bankruptcy process, Catholic News Service reported today. The plan identifies more than $65 million in assets the archdiocese anticipates will be available to compensate victims of clergy sexual abuse, with the potential for that amount to grow. The plan outlines specific sources for funds available for victim remuneration, including at least $8.7 million from the sale of archdiocesan properties, as well as more than $33 million from insurance settlements. It establishes a trust for victim remuneration funds, with a court-approved allocation protocol. The plan filing came a day after the deadline for decades-old sexual abuse claims to be filed under the Minnesota Child Victims Act. The law lifted for three years the statute of limitations for child sexual abuse civil suits.
