Bankruptcy Has Cost Wisconsin Archdiocese $12 Million
MILWAUKEE (AP) — The Archdiocese of Milwaukee says its bankruptcy case has cost more than $12.5 million so far.
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. That’s the smallest per-victim payment yet offered by the 11 dioceses that have filed for bankruptcy in the past decade.
The plan still must be approved by a judge. The archdiocese filed for bankruptcy in 2011.
In all, the archdiocese says it has spent $6.9 million on its own attorneys. It estimated its creditors’ attorney costs, which the archdiocese must pay, are nearly $5.6 million. Creditors include hundreds of abuse victims.
Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.