Friday, August 26, 2016

Duluth Diocese granted extension for bankruptcy reorganization plan

U.S. Bankruptcy Judge Robert Kressel on Thursday approved the diocese's motion to extend the deadline from Sept. 1 to March 17.
The diocese, which is facing 125 abuse claims, filed for Chapter 11 protection in November after being hit with a $4.9 million verdict last November. The judge must sign off on a plan for the diocese to repay its creditors before it can regain control of its finances.
Duluth Trib

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