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Diocese of Minnesota Files for Bankruptcy

In November 2013, Minnesota lawmakers opened a three-year window, through May 2016, for older victims to bring claims forward. There are currently close to two dozen claims to be filed against the diocese and no way of knowing how many more will come forward by Spring of next year.

As of this morning, The Diocese of Minnesota has filed for bankruptcy protection due to the growing costs of dealing with the claims.  The filing is based on reviewing their current assets totaling $10-$50 million, with liabilities ranging from $50-100 million. Since parishes and schools are incorporated separately, they should not be affected.  Read Full Story