Thursday, April 10, 2014

Milwaukee Archdiocese turns a corner in April 17th hearing

Jerry Topczewski, chief of staff for Archbishop Jerome Listecki, said Friday that lawyers for the committee are "re-arguing points that the court has already ruled upon."

"The committee's objections have been clearly addressed, in great detail, in the disclosure statement," Topczewski said in an email to the Journal Sentinel. "After three and one-half years, we have turned a corner in this proceeding, and it is time for both the archdiocese and the community to move forward by bringing the Chapter 11 to its conclusion."

The 10-county archdiocese filed for Chapter 11 bankruptcy protection in January 2011 to address its mounting claims by men and women who alleged they were sexually abused as children by priests, teachers, deacons and others in the local church. It is one of the largest Catholic Church bankruptcies to date with more than 570 sex abuse claims and has cost the archdiocese $12 million to date in legal fees, with millions more likely ahead.

U.S. Bankruptcy Judge Susan V. Kelley is scheduled to hear arguments April 17 on whether the plan's disclosure statement, a document akin to a prospectus in a stock offering, contains enough information for creditors to make an informed decision about the reorganization plan. She will take up the plan itself at a later date. But creditors said the disclosure statement and plan are "an integral package and must be considered together for the reader to be adequately informed."
Read more from Journal Sentinel: http://www.jsonline.com/news/religion/abuse-victims-call-archdiocesan-bankruptcy-plan-repugnant-b99240512z1-253930131.html#ixzz2yUhqpqus
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