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
clergy.
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…