'The Catholic Archdiocese of Milwaukee's 200-plus parishes are separate legal entities and their assets will not be consolidated with the archdiocese's as part of its bankruptcy, U.S. Bankruptcy Judge Susan V. Kelley ruled Thursday in a major victory for the church.'The subhead 'Second ruling expected Friday' does not quite match the story.
'But the parishes could still face separate lawsuits over more than $35 million in parish investment funds that the archdiocese moved off its books in 2005.Johnson described that part of the case on May 29, 2012, Victims' lawyers move to recover $35 million in parish funds. I did not see any report of a Friday ruling.
'Kelley could decide as early as Friday whether to allow the bankruptcy creditors - including hundreds of sexual abuse victims, the archdiocese's pension and health care funds, and others - to sue to recover at least a portion of those millions.'
Update: That ruling came down Monday, see this subsequent post.