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Thread: The Boy Scouts of America has filed for bankruptcy

  1. #1

    The Boy Scouts of America has filed for bankruptcy

    Facing mounting legal costs from defending itself against lawsuits alleging sexual abuse of boys, the venerable nonprofit sought Chapter 11 protection in a court filing early Tuesday.

    A spokesman for the Boy Scouts of America said in a statement that the filing had "two key objectives: equitably compensate victims who were harmed during their time in Scouting and continue carrying out its mission for years to come. The BSA intends to use the Chapter 11 process to create a Victims Compensation Trust that would provide equitable compensation to victims."

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  3. #2
    Bittersweet. One of the great organizations in the country's history. Attacked by the left, as all good institutions have been. Succumbed and become leftist itself. Good riddance. Unfortunately this move will allow it to survive.

  4. #3
    Setting aside the LDS troops, The only assets they have are their summer camp real estate. (camps). It would be sad to see those go away.

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