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SPECIAL REPORT: Families Separated at the Border
Creditors claim that the St. Paul-Minneapolis archdiocese's just-released reorganization plan represents 1 percent of total assets they say approach $2 billion.
Reaching an agreement with the abuse claimants is a major step toward achieving a consensual plan of reorganization for the diocese, which filed its Chapter 11 petition on Nov. 12, 2013.
Lawyers want the Supreme Court to reconsider a ruling that the archdiocese's cemetery trust fund is not shielded in bankruptcy court.
The Chapter 11 bankruptcy was filed nearly four and a half years ago and has accrued at least $16 million and perhaps more than $20 million in legal fees.