Click here to advertise on CatholicCulture.org

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.

Additional sources for this story
Some links will take you to other sites, in a new window.

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 five million Truth-seeking readers worldwide this year. Thank you!

Progress toward our April expenses ($18,914 to go):
$35,000.00 $16,086.48
54% 46%
Sound Off! CatholicCulture.org supporters weigh in.

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!

There are no comments yet for this item.

Subscribe for free
Click here to advertise on CatholicCulture.org

Recent Catholic Commentary

Smaller Church, Bigger Faith, 3: Ecclesiastical Discipline April 17
The Holy Spirit and Evangelization: A Primer April 16
Journey to the Sun: A Strange Biography of Junípero Serra April 16
Russia's demographic recovery + US demographic decline = danger April 16
James Carroll strikes (at the Church) again April 16

Top Catholic News

Most Important Stories of the Last 30 Days
Pope Francis's Easter Message 'Urbi et Orbi' (To the City and the World): full text, link to video CWN - 15 hours ago
Pope Francis: Easter Vigil homily (full text) CWN - 15 hours ago