The Unsecured Creditors Committee in the bankruptcy filing of the Archdiocese of Milwaukee has filed a petition with the court to authorize the hiring of Berkeley Research Group LLC, a forensic accounting firm with bankruptcy expertise, to examine the financial details of the Archdiocese. The experts identified for this matter formerly worked for LECG LLC, and their practice has been transferred to Berkeley.
The Archdiocese filed a petition for relief under Chapter 11 of the Bankruptcy Code, and continues to operate as a debtor in possession. The committee is interested in the creation of at least 5 trusts, which allegedly were formed in the four years prior to the bankruptcy filing and contain funds that are now not available to pay creditors.
Read moreMilwaukee Archdiocese Bankruptcy Case: Forensic Accountant Needed