Minnesota archdiocese lists $45 million in assets, over $100 million in potential liabilities, in bankruptcy filing

February 03, 2015

The Archdiocese of St. Paul-Minneapolis, Minnesota has listed financial assets of $45.2 million and current liabilities of $15.9 million, in a filing with a federal bankruptcy court.

The archdiocese, which filed for bankruptcy protection in January, explained that it expects to face $50 to $100 million more in liabilities as a result of lawsuits filed by sex-abuse victims.

 

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Further information:

• Twin Cities archdiocese puts a number on its wealth: $45.2 million (Star-Tribune)
• Minnesota archdiocese files for bankruptcy (CWN, 1/16)