The Boy Scouts of America (BSA) has sought bankruptcy protection in a move the group says will allow it to build a compensation fund for sex abuse victims and address hundreds of outstanding claims for redress.
The move follows a number of lawsuits filed against the organisation over claims of sexual abuse, alleging it failed to prevent hundreds of cases dating back over decades.
Most of the newly surfacing cases date to the 1960s, ’70s and ’80s; the organisation says there were only five known abuse victims in 2018.
All civil lawsuits against it are now on hold as a result of the bankruptcy application as the group is struggling with declining membership as well as the abuse claims.
“The BSA cares deeply about all victims of abuse and sincerely apologises to anyone who was harmed during their time in scouting. We are outraged that there have been times when individuals took advantage of our programs to harm innocent children,” chief executive Roger Mosby said in a statement.
Court papers filed in Delaware listed liabilities of up to $1bn and assets of as much as $10bn, reports say.
Conservative House Republicans Threaten to Sink Biden, McCarthy Deal: ‘We’re Going to Try’
As BLM Collapses, What Could Be Left Standing Will Make the Scam Clear to Everyone
Ron DeSantis scorches ‘delusional’ Trump over Florida crime claims: ‘He’s been attacking me by moving left’
Jeffries shuts down McCarthy claim that Dems are ‘upset’ over debt deal: ‘Have not been able to review’
‘The choice lies with the parent’: Texas dad supports regulating book content in libraries to ‘protect kids’
Biden, McCarthy Come to Initial Debt Ceiling Agreement – Here’s What’s in the Deal
Target Pulls ‘Satanic’ Merch Off Shelves, Here’s Why the Creator Says He’s Glad It’s Gone
Gavin Newsom’s ambitious climate plans face Democratic roadblock
Speaker McCarthy defends budget compromise as conservatives balk: ‘A step in the right direction’
Steelers QB Has SUV Stolen During Interview, Then Realizes Important Item He Left Inside It
GOP Governor Cozies Up with ‘The View,’ Claims Trump Will Not Win Nomination in 2024
NY homeowner accused of fatally shooting woman who pulled into wrong driveway blamed ‘hunters’: court docs
New Mexico State Police investigating shooting in Red River
Bible Passage Hidden for 1,500 Years Found With New Tech – Huge Proof It Really Is God’s Word
Biden and McCarthy speak by phone after Speaker cites ‘progress’ in talks
Among the matters to be addressed in the bankruptcy court are the fate of the Boy Scouts’ assets; the extent to which the organisation’s insurance will help cover compensation; and whether assets of the Scouts’ 261 local councils will be added to the fund.
As Breitbart News reported, the Boy Scouts of America first mooted filing for bankruptcy back in 2018.
On that occasion leadership of the youth organization hired the law firm Sidley Austin LLP to explore a wide range of options, including petitioning for relief under Chapter 11.
Legal experts noted then that filing for bankruptcy would “stave off” at least 140 lawsuits filed against the organization alleging misconduct by scoutmasters.
The Boys Scouts of America has undertaken rebranding efforts since, with the nonprofit renaming itself “Scouts BSA” in 2019.
In May last year, BSA announced girls will be allowed to join the group in the future. “We wanted to land on something that evokes the past but also conveys the inclusive nature of the program going forward,” Surbaugh said at the time of the announcement.
Conservative House Republicans Threaten to Sink Biden, McCarthy Deal: ‘We’re Going to Try’
As BLM Collapses, What Could Be Left Standing Will Make the Scam Clear to Everyone
Ron DeSantis scorches ‘delusional’ Trump over Florida crime claims: ‘He’s been attacking me by moving left’
Jeffries shuts down McCarthy claim that Dems are ‘upset’ over debt deal: ‘Have not been able to review’
‘The choice lies with the parent’: Texas dad supports regulating book content in libraries to ‘protect kids’
Biden, McCarthy Come to Initial Debt Ceiling Agreement – Here’s What’s in the Deal
Target Pulls ‘Satanic’ Merch Off Shelves, Here’s Why the Creator Says He’s Glad It’s Gone
Gavin Newsom’s ambitious climate plans face Democratic roadblock
Speaker McCarthy defends budget compromise as conservatives balk: ‘A step in the right direction’
Steelers QB Has SUV Stolen During Interview, Then Realizes Important Item He Left Inside It
GOP Governor Cozies Up with ‘The View,’ Claims Trump Will Not Win Nomination in 2024
NY homeowner accused of fatally shooting woman who pulled into wrong driveway blamed ‘hunters’: court docs
New Mexico State Police investigating shooting in Red River
Bible Passage Hidden for 1,500 Years Found With New Tech – Huge Proof It Really Is God’s Word
Biden and McCarthy speak by phone after Speaker cites ‘progress’ in talks
“We’re trying to find the right way to say we’re here for both young men and young women.”
In the 14 months since then, the youth organization has allowed children who identify as girls to join the Scouts, a controversial move that was seen by some, including Girl Scouts of the USA President Kathy Hopinkah Hannan, as an attempt to raise their diminished enrollment numbers.
The 100-year-old organization could now be forced to sell off some of its vast property holdings to raise money for a compensation fund that could surpass $1 billion.
Story cited here.
Scroll down to leave a comment:
