Archdiocese, creditors clash over bankruptcy assets
By May. 27, 2016, National Catholic Reporter
Starkly conflicting views of total assets have placed the St. Paul-Minneapolis archdiocese and its creditors at dramatic odds, with the latter claiming that the archdiocese's just-released reorganization plan represents 1 percent of total assets they say approach $2 billion.
On Thursday, May 26, the archdiocese filed its reorganization plan with the U.S. Bankruptcy Court of the District of Minnesota. The plan proposes $65 million to establish an independent trust through which it would settle the 440 claims made by survivors of clergy sexual abuse.
The trust is to be funded by a combination of archdiocesan cash, property sales, insurance settlement proceeds, and contributions from parish insurance settlements.
The archdiocese said that the $65 million figure surpasses what has been proposed in a majority of already diocesan bankruptcies. In a statement, newly installed Archbishop Bernard Hebda urged . . .
Winter Appeal 2023
To our friends,
2023 has been a long year with many ups and downs for us all. As we close out the year, we at SNAP hope that you are feeling like you are on your way to being healthy, fulfilled, and happy. This past year has brought both successes and challenges. Thanks to the support you have shown in the past, we’ve been able to celebrate the good days and weather the stormy ones. Now, we are once again asking for your support as we work to support survivors new and old as we ‘Move SNAP Forward.’
At SNAP we are proud to have hosted a very well-attended conference in August 2023. This event allowed us to gather friends, survivors, advocates, and allies for a weekend of camaraderie and connection. We were so happy to be able to welcome many first-time attendees to gather in person and are already looking forward to the next conference.
To strengthen our movement for justice, healing, and prevention, SNAP will be expanding our peer support and providing more volunteer opportunities in the coming year. Through this great work, we are ensuring survivor voices are represented as we work for significant change that will benefit children and survivors.
Right now, survivors worldwide are getting the help they need from SNAP, and more and more reach out to us daily, but we need your help to keep those programs going and get our volunteers the training they need to thrive.
Your tax-deductible gift to SNAP can help offset the cost of our important mission. If you are not in a position to contribute, you can still support us by sharing this letter with those who can. As we continue to fight for survivors across the globe, your donation or sharing the great work SNAP does will help us continue our work to protect the vulnerable, heal the wounded, and prevent abuse.
Your donation ensures SNAP will be there for those who need us more than ever!
Warmly,
Michael W. McDonnell, C.P.S.
Interim Executive Director