BANKRUPTCY. In this file photograph taken on February 4, 2013, shows a detail of a Boy Scouts of America uniform in Irving, Texas. File photo by Tom Pennington/Getty Images/AFP
Bankruptcy proceedings will help the Boy Scouts to"equitably compensate" victims through the establishment of a victims' compensation trust and allow the organization to continue at a local level, a statement from the group said. The national Boy Scouts council and its affiliated local councils together hold nearly $5 billion in assets, according to a Wall Street Journal report last month.
The existence of that documentation – known as the"perversion files" and listing scoutmasters or troop leaders accused of sexual abuse – was first revealed in a 2012 court case.
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