2011 February

Feb 08, 2011: Unprecedented look at archdiocese finances

The Archdiocese of Milwaukee has provided a rare look at its finances with a federal bankruptcy court filing.

Financial statements filed Monday show the archdiocese has nearly $41
million in assets and $24 million in liabilities. The archdiocese filed
for Chapter 11 bankruptcy protection in January after it failed to
reach a settlement with two dozen victims of sexual abuse by Catholic

The Journal Sentinel says the court will determine what assets are
available to compensate victims and creditors. Then it will oversee a
reorganization plan to keep the…

Feb 03, 2011: U.S. diocese agrees to $77 million abuse settlement

A Roman Catholic diocese in Delaware agreed to settle 142 claims of sexual abuse
by priests for $77 million, a spokesman for the diocese said
The settlement by the Wilmington diocese is roughly $3 million more than the
diocese proposed in mid-January, when it said payouts would likely range from
$75,000 to $3 million per victim, depending on the severity of the alleged
The diocese filed for bankruptcy in 2009 due to mounting sex abuse claims
dating as far back as the 1950s.
In the United States, Roman Catholic archdioceses have collectively paid some
$2 bill…