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Bankruptcy fees cost Wilmington Diocese almost $16M post image

Bankruptcy fees cost Wilmington Diocese almost $16M

Bankruptcy fees have reached the spotlight recently, after they claimed almost one-third of the total payout in a recent Catholic diocesan insolvency case. The Wilmington Diocese’s move to file for protection under Chapter 11 of the bankruptcy law in 2009 cost $15.8 million in lawyers’ fees and other expenses, The Associated Press reported. About $77 […]

Author: Joel R. Glucksman

Link to post with title - "Bankruptcy fees cost Wilmington Diocese almost $16M"
Milwaukee Archdiocese Filing for Reorganization post image

Milwaukee Archdiocese Filing for Reorganization

The sexual abuse scandal has been very detrimental to the financial interests of the Roman Catholic Church, and it appears the damage is not yet over. The Archdiocese of Milwaukee has announced that it will set aside $4 million under its proposed bankruptcy reorganization plan, in order to end its proceedings under U.S. bankruptcy law, […]

Author: Joel R. Glucksman

Link to post with title - "Milwaukee Archdiocese Filing for Reorganization"

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