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Wis. archdiocese: Bankruptcy has so far cost $12M

Posted Thursday, February 13, 2014 ---- 5:20 a.m.

MILWAUKEE (AP) -- The Archdiocese of Milwaukee says its bankruptcy case has cost more than $12.5 million so far.

The financial details were revealed in the archdiocese's reorganization plan filed late Wednesday night in federal bankruptcy court.

The plan proposes providing $4 million to compensate an estimated 125 victims of clergy sex abuse, less than a fourth of those who filed claims. That's the smallest per-victim payment yet offered by the 11 dioceses that have filed for bankruptcy in the past decade.

The plan still must be approved by a judge. The archdiocese filed for bankruptcy in 2011.

In all, the archdiocese says it has spent $6.9 million on its own attorneys. It estimated its creditors' attorney costs, which the archdiocese must pay, are nearly $5.6 million. Creditors include hundreds of abuse victims.

Copyright 2014: Associated Press


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