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Twin Cities archdiocese to seek permission to possibly sell properties to pay bankruptcy debts

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ST. PAUL, Minnesota — The Archdiocese of St. Paul and Minneapolis plans to seek permission from a bankruptcy trustee to possibly sell properties to help pay creditors.

Chief financial officer Tom Mertens told a creditors' committee meeting of the archdiocese's plan Tuesday. Included are the chancery office and three other properties.

After the meeting, Mertens told Minnesota Public Radio News (http://bit.ly/17vQT1Q ) the plan is to sell the four properties, assuming the offer price is adequate.

Mertens says the archdiocese will seek permission to sell a property in Northfield and three St. Paul buildings, including the chancery. He says the archdiocese will consider leasing office space elsewhere.

The archdiocese filed for Chapter 11 reorganization in mid-January, saying it was the best way to fairly compensate victims of clergy sexual abuse while continuing the church's mission.


Information from: Minnesota Public Radio News, http://www.mprnews.org

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