WILMINGTON, Del. — The Boy Scouts of America said on Tuesday it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades.
Founded in 1910, the organization has been overwhelmed by hundreds of claims after several states, including New York, removed legal hurdles that had barred people from suing over old allegations of child sex abuse. Paul Mones, who represents hundreds of men who claim they were abused as scouts, told Reuters: “The bankruptcy is being filed as a result of decades of concealing abuse by the Boy Scouts and their adult leaders.”
It could, however, be challenging to determine the value of the Boy Scouts’ assets. The national organization said in its most recent annual report from 2018 that it had $1.5 billion. But hundreds of local councils have their own assets, and victims may try to make those available for settling claims.
Sad. Hope they recover. BoyScouts
The “Made in America” solution!!!
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