Bankruptcy court approves scrutiny of Milwaukee archdiocesan finances
Catholic World News - June 23, 2011
A bankruptcy court in Wisconsin has authorized a forensic accountant to examine the financial transactions of the Milwaukee archdiocese, to determine whether Church officials made illicit transfer to shield funds from creditors.
Lawyers for the Milwaukee archdiocese had opposed the idea of a financial investigation, but relaxed their objections when creditors agreed to limit the scope of the inquiry. Creditors in the bankruptcy case have charged that the archdiocese made late transfers of assets in order to avoid paying off claims. The Milwaukee archdiocese filed for bankruptcy protection because of the looming claims of sex-abuse victims.
An appeal from our founder, Dr. Jeffrey Mirus:
Dear reader: If you found the information on this page helpful in your pursuit of a better Catholic life, please support our work with a donation. Your donation will help us reach seven million Truth-seeking readers worldwide this year. Thank you!
Our Fall Campaign
Progress toward our year-end goal ($26,341 to go):
All comments are moderated. To lighten our editing burden, only current donors are allowed to Sound Off. If you are a donor, log in to see the comment form; otherwise please support our work, and Sound Off!