Bankruptcy on the horizon for Milwaukee Archdiocese?

Via AMDG:

The Archdiocese of Milwaukee is going ahead with plans to sell the Cousins Center in St. Francis and has launched a major communications effort, partly to prepare its 700,000 Catholics for what might be "staggering financial consequences" as 10 lawsuits filed against it by victims of clergy sexual abuse move toward trials in California.

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Archbishop Timothy M. Dolan, who has acknowledged in the past that bankruptcy could be a last-resort option, did not rule it out in his Herald of Hope column and in his quotes in a news story devoted to sexual abuse issues in Thursday's Catholic Herald.

"The issue of going into bankruptcy would be extremely painful and would only come after extensive consultation with the advisory groups of the archdiocese, and as a last resort," Jerry Topczewski, Dolan's chief of staff, said Thursday in an interview. "The financial and operating tension that you live under is to do everything you can do to help the victim-survivors while continuing to fund the ministries and mission and of the church here in southeastern Wisconsin. [More...]

Archbishop Dolan has been doing everything he can to save the Archdiocese of Milwaukee after Rembert Weakland left it as a heap of smoking wreckage.