Roman Catholic Archdiocese files for Bankruptcy

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Arising from unresolved lawsuits brought by victims of sexual abuse, the Milwaukee Roman Catholic Archdiocese has had to face immense financial challenges. In November last year, a court ruled that insurance companies are not liable to pay for lawsuits of this nature. Furthermore, most efforts at negotiating for a settlement have not been successful. Thus the financial drain on its resources has compelled the Archdiocese to file for bankruptcy protection.

Archbishop Jerome Listecki said in the archdiocese’s official website that it would file for Chapter 11 reorganization bankruptcy. In his statement, the Archbishop said that the aim of the bankruptcy is to pay pending claims by victims of abuse and “to continue to meet the needs of parishes, parishioners, and others who rely upon the Church for assistance”.

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