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Boy Scout’s Bankruptcy

2/25/20

< < Go Back

from TIME Magazine,

2/20/20:

Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the hallowed, 110-year-old organization to carry on.

The Chapter 11 filing in federal bankruptcy court in Wilmington, Delaware, sets in motion what could be one of the biggest, most complex bankruptcies ever seen.

More From TIME Magazine:

Boy Scouts File for Bankruptcy Following Sex Abuse Lawsuits