Boy Scouts Bankruptcy Strategy Would Pay Victims But Protect Most

Boy Scouts Bankruptcy Strategy Would Pay Victims But Protect Most The boy scouts of america has drawn up a strategy that aims to protect its local scouting councils and the billions of dollars in assets they hold from sexual abuse claims, according to people. Tony gutierrez ap. the boy scouts of america will establish a $2.4 billion fund for those in the organization who were victims of sexual abuse as it emerges out of chapter 11 bankruptcy, the.

Boy Scouts Bankruptcy Is Good News For Victims The Organization And In 2020, the boy scouts of america filed for chapter 11 bankruptcy and later agreed to a nearly $2.5 billion settlement to compensate more than 82,000 victims of alleged sexual abuse. a central part of the reorganization plan shielded local councils, schools and churches that hosted or ran its programming from future lawsuits alleging harm. The boy scouts of america will begin to distribute compensation to thousands of victims of sexual abuse after emerging from bankruptcy wednesday, the organization announced. Dover, del. — a $2.4 billion bankruptcy plan for the boy scouts of america has been upheld by a federal judge, clearing an important hurdle in the legal challenge by certain insurance companies. Central to the bankruptcy plan is a $2.46 billion trust fund for survivors — down from $2.7 billion without the contribution from the mormon church. in return, the boy scouts of america and.