MILWAUKEE (AP) ? A forensic accountant will be hired to review the finances of the Archdiocese of Milwaukee as part of its federal bankruptcy court filing.
The archdiocese had objected, saying it was an unnecessary expense. But church attorneys dropped their opposition after the creditors committee agreed to strictly control costs and submit expenses to the court for review.
Victims of clergy sex abuse also will have more time to file their claims, under an agreement reached Wednesday.
The Milwaukee Journal Sentinel (http://bit.ly/kccXD2) reports the agreement gives the creditors committee the go-ahead to hire California-based Berkeley Research Group as a financial adviser. Among its duties will be to scrutinize church to determine whether the church made fraudulent transfers as a way to shield assets from victims of clergy sex abuse.The archdiocese had objected, saying it was an unnecessary expense. But church attorneys dropped their opposition after the creditors committee agreed to strictly control costs and submit expenses to the court for review.
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Information from: Milwaukee Journal Sentinel, http://www.jsonline.com
Source: http://www.fox6now.com/news/sns-ap-wi--milwaukeearchdiocese-bankruptcy,0,4726021.story
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