Saturday, November 24, 2012

Local Law Firms: Creditors’ Strategy for Archdiocese of Milwaukee Bankruptcy: News

 

The creditors committee of abuse victims who have won lawsuit awards against the Archdiocese of Milwaukee has outlined a multi-pronged strategy they plan to pursue to get past the bankruptcy filing by the archdiocese.
The main component of the new strategy is that lawyers for the victims will go after the individual parish assets. ….

Another issue at stake is the ownership of the Cousins Center, the headquarters of the Archdiocese of Milwaukee. Until recently, they had claimed to be the owners and had promised they would sell it to pay off the court settlements. However, they now claim not to own the building….

Another hidden asset that has come to light is previously undisclosed insurance coverage….

A pending lawsuit over a $57 million cemetery fund could also be included in …..

Click on the following for the entire article:  Local Law Firms: Creditors’ Strategy for Archdiocese of Milwaukee Bankruptcy: News

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