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Archdiocese of Milwaukee may be headed for "administrative insolvency"

Media Outlet: 

Milwaukee Journal-Sentinel

The Archdiocese of Milwaukee is hemorrhaging money on legal and professional fees as a result of its bankruptcy. If it is unable to pay its monthly operating expenses, the Archdiocese of Milwaukee will fall into so-called administrative insolvency beginning in April. "Administrative insolvency — they're the most terrifying words a bankruptcy practitioner can hear," said Jonathan Lipson, who teaches bankruptcy law at Temple's Beasley School of Law, who acknowledged that the Archdiocese may be "thrust into a litigation quagmire."