NEWS RELEASES
Editor's Note: This news item was retrieved and first published through USA Today's website.
Boy Scouts of America filed for bankruptcy protection early this week amid declining membership and child sexual abuse allegations. The Boy Scouts of America filed Chaper 11 bankruptcy after months of speculation and mounting civil litigation. It was filed in U.S. Bankruptcy Court in Delaware overnight. According to the USA Today staff in their article, "The exact effects on Boy Scouts' future operations are unknown, leading to speculation about the organization's odds for survival, the impact on local troops and how bankruptcy could change the dynamic for abuse survivors who have yet to come forward. Some fear that at a minimum it will prevent survivors from naming their abuser in open court." In court filings, the Boy Scouts said it faces 275 abuse lawsuits in state and federal courts around the country, plus another 1,400 potential claims. By filing for bankruptcy, the Boy Scouts can consolidate all of the lawsuits against the organization and pursue a settlement that potentially is far lower than settlements outside of bankruptcy. To read more on the recent news of the Boy Scouts of America bankruptcy, click here.
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