Court filing offers rare look at Milwaukee archdiocese
Court Alerts
A filing in bankruptcy court is providing a rare look at the finances of the Archdiocese of Milwaukee.
Financial statements filed Monday show the archdiocese has nearly $41 million in assets and $24 million in liabilities. The archdiocese filed for Chapter 11 bankruptcy protection in January after failing to reach a settlement with two dozen victims of sexual abuse by Catholic clergy.
The Milwaukee Journal Sentinel reports that the filing shows:
• The archdiocese earned $25.9 million in income during fiscal year 2010, down from $26.7 million the previous year. Its income so far for fiscal year 2011 was $13.2 million.
• It owns 25 properties with a total value of $7.7 million. About half of the holdings - all cemeteries or schools and a youth home - are listed as having no value. Others range in value from $4.5 million for an undeveloped cemetery in Franklin to $120,000 for the Newman Center at UW-Whitewater.
• The archdiocese holds bank and investment accounts totaling about $19.7 million.
• Liabilities include $13.7 million in the retired priests' health plan, $1.2 million in the pension plan for cemetery workers, $3.4 million for Messmer High School and $702,000 for payments to sex abuse victims who went through the archdiocese's mediation process.
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Grounds for Divorce in Ohio - Sylkatis Law, LLC
A divorce in Ohio is filed when there is typically “fault” by one of the parties and party not at “fault” seeks to end the marriage. A court in Ohio may grant a divorce for the following reasons:
• Willful absence of the adverse party for one year
• Adultery
• Extreme cruelty
• Fraudulent contract
• Any gross neglect of duty
• Habitual drunkenness
• Imprisonment in a correctional institution at the time of filing the complaint
• Procurement of a divorce outside this state by the other party
Additionally, there are two “no-fault” basis for which a court may grant a divorce:
• When the parties have, without interruption for one year, lived separate and apart without cohabitation
• Incompatibility, unless denied by either party
However, whether or not the the court grants the divorce for “fault” or not, in Ohio the party not at “fault” will not get a bigger slice of the marital property.