Diocesan Financial Reorganization: a step toward hope, healing, and peace

On March 3, 2017, the Diocese of New Ulm filed for financial reorganization under Chapter 11 of the U.S. Bankruptcy Code. This filing allows the diocese to reorganize its finances and establish a plan to pay its creditors, who are victims and survivors of sexual abuse as minors by clergy, while continuing its operations. (Read more in the March issue of The Prairie Catholic.)