Bankruptcy filings in Wisconsin have fallen to their lowest level in eight years.
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The Archdiocese of Milwaukee asked the U.S. Supreme Court on Tuesday to weigh in on whether an estimated $70 million held in trust for the care of its cemeteries is off-limits in the archdiocese's bankruptcy case.Read More »
As General Motors begins to compensate the victims of crashes tied to faulty ignition switches, this week more than a dozen families were given a choice: accept a settlement, presumably in the millions of dollars, or fight GM in a potentially lengthy court battle.Read More »
A unanimous U.S. Supreme Court ruled Thursday that inherited Individual Retirement Accounts are not shielded from creditors in bankruptcy proceedings, a decision that clears up confusion about the status of unspent IRAs that parents leave to their children.Read More »
Federal appeals court judges on Monday questioned the bankrupt Archdiocese of Milwaukee's claim that it needs all the money in a $55 million trust fund to maintain its cemeteries and asked whether some could be used to compensate victims of clergy sexual abuse without violating the Catholic faith.Read More »
The Archdiocese of Milwaukee has proposed setting aside $4 million to compensate the victims of clergy sexual abuse in its bankruptcy reorganization plan, according to a statement provided to The Associated Press.Read More »
Clergy sexual abuse victims in Wisconsin and priests who support them are asking Roman Catholic officials to remove more than $50 million from a cemetery trust fund and make it available to settle bankruptcy claims against the Archdiocese of Milwaukee.Read More »