MILWAUKEE (WI)
Milwaukee Journal Sentinel
By Bruce Vielmetti of the Journal Sentinel
U.S. Bankruptcy Judge Susan V. Kelley on Monday confirmed the Archdiocese of Milwaukee reorganization plan, marking a milestone in the longest-running and most contentious of the 14 Catholic Church bankruptcies filed since 2004 to address sexual abuse liabilities going back decades.
The deal is valued at about $29 million, with $21 million going to victims, $500,000 for a therapy fund and $7.8 million to legal fees. The archdiocese’s insurers will pay $11 million and its cemetery trust $16 million. The balance will come from archdiocesan resources that are yet to be determined, said Jerry Topczewski, chief of staff for Archbishop Jerome Listecki. Parishes will contribute to the therapy fund.
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