"While we know nothing can undo the tragic abuse that victims suffered, we believe the Chapter 11 process ... will provide equitable compensation to all victims ..."

Boy Scouts of America files for bankruptcy protection to stay financially afloat amid sexual abuse lawsuits.

  • In light of the hundreds of sexual abuse lawsuits facing the 110-year-old organization, the Boy Scouts of America announced it filed for bankruptcy in order to both compensate victims via a trust and continue its mission for years to come. Local Boy Scout councils, which are independent entities, are not impacted by the bankruptcy filing.
  • ABOUT THE  LAWSUITS: Most were filed by men who say they were sexually abused as Scouts in the 60s, ’70s and ’80s. Many more are expected as several states have amended laws expanding the length of time a victim can sue.
  • BIG PICTURE:If the largest youth organization by far in the United States can be crippled under the weight of doing nothing about their sexual abuse allegations and covering the problem up, I think it is a warning shot across the bow to all churches and youth organizations and schools that have this problem and don’t act proactively to resolve it,” one of the lawyers suing the Scouts said in response to the bankruptcy announcement.