• 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

Brewers to open season with fans

Report: Former Red Sox outfielder Jackie Bradley Jr. to sign with Brewers

Seven Badgers honored by the WCHA

Panthers rally to upset Wright State in Horizon League quarterfinals

Jokic leads Denver in rout of the Bucks

TwitterFacebook

Sports Headlines

Big Ten Men’s & Women’s basketball Tournaments to Allow Limited Fan Attendance

Brewers to open season with fans

Report: Former Red Sox outfielder Jackie Bradley Jr. to sign with Brewers

Seven Badgers honored by the WCHA

Panthers rally to upset Wright State in Horizon League quarterfinals

More Sports

Tweets by @WRN

Get our news delivered to your inbox:

Enter your email address:

Delivered by FeedBurner

Copyright © 2021 · Learfield News & Ag, LLC