Saturday, February 15, 2014

Milwaukee archdiocese bankruptcy cost: $12M | Press Gazette Media | greenbaypressgazette.com

 

Written by
M.L. Johnson
Associated Press

Bankruptcy has cost the Archdiocese of Milwaukee more than $12 million in legal fees and other expenses, and rejection of its recovery plan could force it to pay out $13 million more, its attorneys said in newly filed court documents.

The financial details were revealed in the archdiocese’s reorganization plan, filed late Wednesday night in federal bankruptcy court.

The plan proposes providing $4 million to compensate an estimated 125 victims of clergy sex abuse — less than a fourth of those who filed claims — while other victims would receive therapy but no cash payment. That’s the smallest per-victim payment yet offered by the 11 dioceses that have filed for bankruptcy in the past decade.

Read the entire story by clicking on the following:  Milwaukee archdiocese bankruptcy cost: $12M | Press Gazette Media | greenbaypressgazette.com

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