Boy Scouts file for bankruptcy due to sex-abuse lawsuits

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The Boy Scouts of America has filed for bankruptcy protection as it faces a barrage of sex-abuse lawsuits. The organization could be forced to sell off some of its vast property holdings to raise money for a compensation fund that could surpass $1 billion.

In this Wednesday, Feb. 12, 2020, photo, a statue stands outside the Boys Scouts of America headquarters in Irving, Texas. The Boy Scouts of America has filed for bankruptcy protection as it faces a barrage of new sex-abuse lawsuits. The filing Tuesday, Feb. 18, in Wilmington, Delaware, is an attempt to work out a potentially mammoth compensation plan for abuse victims that will allow the 110-year-old organization to carry on.

The bankruptcy petition listed the Boy Scouts’ assets as between $1 billion and $10 billion, and its liabilities at $500 million to $1 billion. The Boy Scouts’ finances have been strained in recent years by declining membership and sex-abuse settlements. In many ways, the crisis parallels the one facing the Catholic Church in the U.S. Both institutions boast of major progress over recent decades in combating abuse. whether by priests or scout leaders, but both face many lawsuits alleging negligence and cover-ups, mostly decades ago.

“There are a lot of very angry, resentful men out there who will not allow the Boy Scouts to get away without saying what all their assets are,” said lawyer Paul Mones, who represents numerous clients suing the BSA. “They want no stone unturned.”

 

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Many people have made comparisons with Catholic Church. In 2015 I engaged in dialogue with an anti-clerical Irish/Australian re - among other things- credibility of historic sex allegations 'Are There Very Few False Allegations of Rape & Child Abuse [3]'

Heart-warming story of 73 year old 'survivor' who hid abuse for 60 years because he feared threats of the Scoutmaster in 1960 BUT has courage restored by 'Compensation'. 'Because of his threats, I never told anybody'. So abuser operated freely for decades?

As a former life scout, I am disappointed the Boy Scouts have turned into such a hate organization. I say good riddance.

Never go full h0m0

I feel for all those that have been abused in this organization. Too many horror stories of abuse I have heard over the years that breaks my heart. Enough is enough with churches and organizations that abuse children. If we value our children, we will stop this madness.

More like due to liberals and lawyers let’s fix the issues put processes in place to ensure it doesn’t happen now today and in the future but let’s stop looking backwards let’s focus on the future and the millions of young men who have been enriched due to scouting

That's what you get when you get to woke. 🙃

Very sad news.

BarbarianCap The USCCB of the West

Sadly, the Boy Scouts of America has strayed 180 degrees from the organization that made me an Eagle Scout in 1978. They made their own trouble by exemplifying”get woke, go broke.” I won’t shed a tear.

Wow

Sad to hear about the boyscouts filing for bankruptcy. Perhaps they should have learned from those smart cookies at the girlscouts! HigherGround BoyScouts MichaelStusser

Whelp... the left wanted gay scout leaders.... There ya go. Liberalism; A cancer that spreads until it kills and devours.

TAKE NOTE: Sitting SC Bishop Robert Guglielmone, who is being sued and has been under Vatican investigation for 1 1/2 years for a claim of sexual abuse against an 8 yr. old boy has been extremely involved w/ the Boy Scouts of America even acting as USCCB's episcopal liaison. BSA

Considering they've covered up sex abuse for years rather than actually take steps to do anything to prevent it… my sympathy levels are extremely low.

Not sorry for an org that helps to protect pedos and child abusers.

It's almost as if religious organizations attract child abusers.

Let it die.

😮

So they are trying to get out of paying abused kids? Wow

My goodness, I was about to sign my little brother's up for Boy Scouts 😨

Horrible to see this great organization destroyed by allegations that are decades old.

Or....maybe they don't have to pay the top 5 highest salary to their CEO? WHY does a boy scout CEO make this much money anyway!! Ridiculous.

I bet around 80-90% of people commenting have never been in scouting, never saw the brother ship it bonded or witness the face when a scout finally accomplishing their goal of becoming eagle and the lessons they learned. Not every scout master abused a kid...

Good, now go after the priests.

Meanwhile the Girlscouts are flourishing making millions of dollars off their cookies and have infiltrated the Boyscouts allowing them to join, as a former Boyscout this organization is pathetic, it has done just the opposite of empowering boys

This is what happens when you allow liberal, progressive, socialist democrats to run things! Just look at any city/county/state run by democrats; they are all SH*T HOLES! When will the people get it that democrats are a cancer to America and will destroy everything they touch!

And once they declare financial and moral bankruptcy, all the Scouts should then be allowed to join the Girl Scouts.

Weird

Seems to always be the 'christian' organizations that deal with sex abuse the most.

Just disband tbh

I guess they should've had a 'financial responsibility badge' instead of wasting time on those soap box racers

Close them down!!!!!!

Convenient - another pedo ring in America. BoyScouts

maybe if they hadn't kept covering up the problem for so long without addressing it they wouldn't be in this position. no tears for abusers or their enablers.

Time for the boys and alternative boys to join the Girl Scouts...just think, they can all go camping together and sing campfire songs...nothing bad will happen...it will be good for everyone!

shocker

This is why there should be no girls in the boys scouts. Boy scouts is meant for a male troop leader to touch little boys and not little girls. IF the boys would have kept quiet, this wouldn't have been a problem. BoyScoutsofAmerica

Good riddance

you can't pay for this kind of publicity anyway I feel bad for the victims

Get Rid of the Mic-O-Say Fake Indian Tribe First. Destroy all Its Existence and Give the Land BACK to The Real Tribes nearby. DownWithMicOSay BurnItToTheGround ToHellWithBoyscouts

redcarder

Imagine my surprise.

To the people who are blaming a woke culture, liberals, or women this I say to you. The BoyScouts allowed men who abused children to infiltrate their organization, and when they found out about it did nothing to stop it. It is disgraceful that things had to end this way.

The cookies are ok, right?!? boyscoutsofamerica BoyScouts TuesdayThoughts TuesdayMorning

What did they think would happen once they allowed Demoncrats into the organization?

What is it that makes these organizations reluctant to report suspicions/allegations of sexual assault to law enforcement? Were they just as negligent in reporting child abuse/neglect cases to the local child protective services agency?

Next up for the left.... destroy female sports.

Justice for girls?. Men take swift action when its boys being raped. How about Epstein compensation fund? That w prince Andrew has to be just a bit more than the Boy scouts victims funds. The church? That's centuries of rape & financial pilfering to hand out.

Go woke, go broke.

FOX26Houston I would never let my son join Boy Scouts! 😑 Organization is disgusting they don't do enough to protect children 😡 👆🏾

Wait...Boy Scouts still exist? Do you have to know how to fix an iPhone these days in order to get a badge?

What happens in the sue you world of America. Lawsuits have destroyed America. Lot of the suits are fake. But how do you defend.

robintallfish It’s a shame. The people who suffer are the Boys of The Boy Scouts. My experiences as a kid were memorable. I learned more about life and how to be respectful than I realized. It’s sad some kids didn’t have the same experiences. But the men who committed the crimes should pay

I'm an Eagle Scout. Sad to see a once proud institution destroyed. Being an Eagle Scout used to mean something. The BSA brought this on themselves. For those who have been abused over the years, we stand with you.

I observed at a Roman Catholic cult but still thought BSof A was sketchy.

Lol

They won't & that is why they filed bankruptcy. ''Lawyers...say the move also is aimed at shielding billions more in real estate and other assets held separately by local Boy Scout councils from being tapped to settle abuse claims.'

Their popcorn was terrible anyway. At least we still have the cookies.

Stopping abuse at the very first pedophile is a good business model. I wish more organizations trusted to care for children would try it.

I knew some weir fck is going on over there. I was never really like it and was against to join it when little. I learn survival skill by hunting with my dad.

MontcoCourtNews BS of A is a tremendous organization. Always going to be and people in every organization. The left strikes again. They hate boys becoming men.

Goodbye to the them and to the Catholic Church too Pontifex

ChristineB143 This is why Trump told the boy scouts about partying at Studio 54. He was grooming them. TrumpIsGuilty GymJordan PedoGate

I think SNL first said their business model of “strange men taking your kid deep into the woods” turned out to be problematic.

BSA strategy is for protecting their ass-sets as best they can, but they took little action to protect the young men that were put in their care. Shameful organization for allowing homosexuals in, but sadly the parents also didn't take proper action and put kids in there. Sad

I use to be a Wolf Scout. Sucks that this is how it went down but it is what it is

Now we know the real reason they chose to be inclusive to all sexes.... MONEYNOTALTRUISM

Why is it that people associate justice for violated children with getting financial compensation? I cannot comprehend that logic. Those violators should be locked away. This news only serves to expose the organization which harbored these violators. Good riddance, BS.

Nail them all. Hopefully this sick 'boys club' will go under.

The Boy Scouts can’t narrow their assets any more than between 1 to 10 BILLION?

Gays only want to destroy and collect money.

It’s a shame governments, Churches & Boy Scouts didn’t put pedophiles down.. YEARS of Decades AGO

Burn it down.

Why let the homosexuals into organization? Obviously, BSA didn't kick them out fast enough.

Good riddance, BS of America.

NoMoreThinMints? Oh, never mind.

We're gonna lose Philmont :/

They reap what they sow

Not surprised at all. A former colleague who was a Boy Scouts leader was charged with purchasing child pornography just last year here in the Chicago area.

Everything the left touches it corrupts...goodbye BSofA

Unrelated to this bankruptcy, but probably doesn't help that the Boy Scouts of America also allowed Donald Trump to address their jamboree and turn it into one of his hate rallies.

And this is why my son never joined the Boy Scouts. If his father wasn’t going to be there to guard against THIS BEHAVIOR then he wasn’t going to be a victim of predators. This are things single parents have to be hyper sensative & viligent about.

As should the fate of all organizations who protect child abusers.

They need to close that group of weirdos DOWN.

Who cares

They took a pro-perversion stance but the woke crowd didn't identify with funding them.

Good.

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