bankruptcy

Wisconsin-based ShopKo made it official this morning. The retailer announced it is entering into Chapter 11 bankruptcy reorganization.

A formal announcement is expected on Tuesday, but Sunday worshippers at Catholic Churches throughout southern Minnesota and western Wisconsin were given notice yesterday that the Diocese of Winona-Rochester will soon be going through bankruptcy reorganization.

Toys ‘R’ Us, the big box toy retailer struggling with $5 billion in debt and intense online competition, has filed for bankruptcy protection ahead of the key holiday shopping season — and says its stores will remain open for business as usual.

ST. PAUL, Minn. (AP) — An overwhelming majority of victims of clergy sex abuse in the Archdiocese of St. Paul and Minneapolis favor a compensation plan submitted by a creditors' committee.

BURNSVILLE, Minn. (AP) — Minnesota-based Pawn America has filed for Chapter 11 bankruptcy, but the company's president says the move is a reorganization and not a shutdown.

MINNEAPOLIS (AP) — The Diocese of New Ulm has filed for bankruptcy protection, becoming the 14th diocese nationwide to file for reorganization after claims of sexual abuse by clergy.

ST. PAUL, Minn. (AP) — The Archdiocese of St. Paul and Minneapolis has filed an updated bankruptcy plan with more money for victims of clerical sexual abuse.

GRAND RAPIDS, Minn. (AP) — A bankruptcy court has cleared the way for Iron Range mining company Magnetation to shut down its remaining operations.

Magnetation LLC said Friday it has notified employees about the potential shutdown of its Plant 4 in Grand Rapids and its pellet plant in Reynolds, Indiana.

ST. PAUL, Minn. (AP) — The Archdiocese of St. Paul and Minneapolis has filed a bankruptcy reorganization plan that would set aside at least $65 million to pay clergy abuse victims and other creditors.

MINNEAPOLIS (AP) — Creditors and an attorney for victims of clergy abuse are accusing a Minnesota archdiocese of vastly understating its assets in bankruptcy.

DULUTH, Minn. (AP) — The Diocese of Duluth and victims of clergy abuse have agreed to mediation.

DULUTH, Minn. (AP) — A Roman Catholic diocese in northeastern Minnesota has filed for bankruptcy protection after a jury found it partially responsible in a clergy sex abuse case.

ST. PAUL, Minn. (AP) — The Archdiocese of St. Paul and Minneapolis says it needs more time to file a bankruptcy reorganization plan because of the large number of clergy abuse claims.