The Archdiocese of St. Paul and Minneapolis is one step closer to resolving its bankruptcy and paying hundreds of victims of clergy sex abuse, the church said, the Minneapolis Star Tribune reported. The church filed a reorganization plan yesterday in bankruptcy court that signifies an “important step” in paying out a record $210 million settlement announced last month, said Thomas Abood, chairman of the archdiocese’s reorganization task force. The church said that the plan involves “significant” contributions from insurance policies purchased by the archdiocese and parishes, money from medical and “other insurance excess reserves” and “meaningful cash contributions” from the church and its parishes. The archdiocese funded its cash contributions partly through the sale of properties and plans to continue offering $1 million a year for five years.
