Statement Regarding Dismissal of Reorganization Plans

From Tom Abood, Chair, Reorganization Task Force of the Archdiocese of Saint Paul and Minneapolis

Judge Kressel’s decision bolsters our resolve to move forward in the bankruptcy process.  We are guided by his words from earlier this year, that the longer this process continues, the less money will be available for those who have been harmed.  We note and are gratified that Judge Kressel has once again directly dismissed the assertions by creditors’ counsel that the Archdiocese has acted or is acting in bad faith regarding the reorganization.  We look to engage with all participants in mediation as directed by the judge to bring a prompt and fair resolution.