• Home
  • News
    • Politics / Govt
    • Legislature
    • Crime / Courts
    • Health / Medicine
    • Archives
  • Sports
    • Badgers
    • Packers
      • Titletown Report
    • Brewers
  • Contact Us
    • Reporters
  • Affiliates
    • Affiliate Support

Wisconsin Radio Network

Wisconsin News and Sports

You are here: Home / Crime / Courts / Judge rules Milwaukee Archdiocese funds protected

Judge rules Milwaukee Archdiocese funds protected

December 11, 2012 By WRN Contributor

Those who are owed money in the Milwaukee Archdiocese bankruptcy case will not get their hands on $35 million in parish investment funds.

Federal Bankruptcy Judge Susan Kelley said it was “fishy” that the Catholic Archdiocese transferred the funds to other accounts back in 2005, at a time when it was being sued for sexual abuse by its priests. However, Kelley ruled Monday that the Archdiocese never owned the money, and its 200 parishes either took the funds back or invested them in good faith. As a result, Kelley said the creditors could probably not recover the $35 million.

It’s the second major victory for the Archdiocese in the bankruptcy case it filed almost two years ago. Last week, Judge Kelley said the creditors could not touch the assets of the parishes themselves.

The committee for the creditors is expected to appeal the latest ruling. The committee includes almost 575 people who claim they were sexually abused by priests in the Milwaukee Archdiocese, plus the pension and health care funds in the archdiocese.

Share this:

  • Facebook
  • Twitter

Filed Under: Crime / Courts, News



Featured Stories

Future of abortion in Wisconsin hinges on SCOTUS ‘Roe’ decision

Juvenile arrested in connection with death of Lily Peters

Missing Chippewa Falls girl found dead, police seek suspect

Medical marijuana legislation gets public hearing at Capitol

Tommy Thompson announces he will not run for governor

TwitterFacebook

Sports Headlines

Giannis breaks franchise scoring record, Bucks beat Nets in OT

Wisconsin’s Davis declares for NBA Draft

Badgers to face Arizona State in Las Vegas Bowl

Williams likely out for the season with broken hand

Packers releasing TE Jace Sternberger

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2022 · Learfield News & Ag, LLC