By Annysa Johnson of the Journal Sentinel
The Archdiocese of Milwaukee's reorganization plan for exiting its bankruptcy is "morally repugnant," not in the best interest of its creditors and should be rejected by creditors and the court, a committee representing clergy sex abuse victims and other creditors said in a document filed in U.S. Bankruptcy Court on Friday.
That objection, submitted in advance of an April 17 hearing on the plan's disclosure statement, takes issue with myriad assertions made by the archdiocese in the reorganization plan submitted to the court in February. And it telegraphs the committee's intention to continue to pursue certain assets, including $60 million the committee says was fraudulently transferred into a cemetery trust, proceeds from a $105 million capital campaign and the archdiocese's sprawling lakefront headquarters campus, known as the Cousins Center.
Click on the following for all of the article; Abuse victims call Archdiocesan bankruptcy plan 'repugnant'
No comments:
Post a Comment