Victims' lawyer charges Minnesota archdiocese hiding funds in bankruptcy case

May 25, 2016

An attorney for sex-abuse victims has charged that the Archdiocese of St. Paul-Minneapolis is hiding $1 billion in assets from creditors in bankruptcy proceedings.

Jeffrey Anderson, who has won hundreds of millions of dollars in suits against Catholic dioceses, charged that the Minnesota archdiocese has $1.7 billion in assets. In bankruptcy court the archdiocese has claimed only $49 million in assets. Anderson claims that the archdiocese is using other legal entities to shelter assets. 

In bankruptcy-court proceedings involving Catholic dioceses, lawyers for creditors have regularly questioned the independent financial status of parishes, schools, hospitals, and other Catholic institutions that are under the aegis of, but legally separate from, the dioceses themselves.

 

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Further information:

• Lawyers say Minnesota archdiocese hiding $1 billion in assets (AP)