Bankruptcy court approves scrutiny of Milwaukee archdiocesan finances
CWN - 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.
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