irishspirit
4th January 2011, 20:39
MILWAUKEE —
The Catholic Archdiocese of Milwaukee has directed its attorneys to file for Chapter 11 bankruptcy, saying that pending sexual-abuse lawsuits have left it with financial claims that exceed its means.
Archbishop Jerome Listecki said Tuesday the archdiocese was undergoing reorganization for two reasons: to be able to compensate victims and survivors while also allowing the church to continue its mission.
http://www.chicagotribune.com/news/chi-ap-wi-archdiocesebankru,0,1956010.story
And now the church will get a bail out. It is amazing that an arm of the single richest organisation on the planet can get away with this, when you and I would have to pay for it.
The Catholic Archdiocese of Milwaukee has directed its attorneys to file for Chapter 11 bankruptcy, saying that pending sexual-abuse lawsuits have left it with financial claims that exceed its means.
Archbishop Jerome Listecki said Tuesday the archdiocese was undergoing reorganization for two reasons: to be able to compensate victims and survivors while also allowing the church to continue its mission.
http://www.chicagotribune.com/news/chi-ap-wi-archdiocesebankru,0,1956010.story
And now the church will get a bail out. It is amazing that an arm of the single richest organisation on the planet can get away with this, when you and I would have to pay for it.