Bankruptcy has cost archdiocese about $2 million so far
The Archdiocese of St. Paul and Minneapolis has incurred about $2 million in legal costs so far in its bankruptcy reorganization.
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The archdiocese filed for bankruptcy in January. Soon after the filing, the judge assigned to the case ordered key parties into mediation, hoping that would expedite a resolution and keep legal costs down.
But the latest operating report filed by the archdiocese indicates it has racked up $1.4 million in legal fees, mostly with the Briggs and Morgan law firm.
The church is also responsible for $600,000 in legal fees incurred by the unsecured creditors' committee, which is representing the interests of sex abuse victims.
Meanwhile, the archdiocese reported $27.3 million in net assets as of May 31.