Del. Diocese Hiding $76M In Trust : Abuse Claimants

Law360, New York (December 21, 2009, 2:51 PM EST) -- The Catholic Diocese of Wilmington Inc. has concealed $76 million of its own money in the guise of a trust for nondebtor affiliates such as individual parishes, the bankrupt institution's committee of unsecured creditors alleges in an adversary complaint.

In the U.S. Bankruptcy Court for the District of Delaware on Friday, the creditors filed an adversary complaint against the diocese seeking an order that the $76 million in trust constitutes the property of the debtor's estate.

According to the creditors, who are comprised of alleged victims...
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