The Boy Scouts of America has filed for bankruptcy, according to a court document. It comes at a time when the organization faces hundreds of sexual abuse lawsuits, thousands of alleged abuse victims and dwindling membership.
The youth organization, which celebrated its 110th anniversary February 8, listed liabilities of between $100 million and $500 million and estimated assets of $1 billion to $10 billion.The bankruptcy filing comes at a time when the organization faces hundreds of sexual abuse lawsuits, thousands of alleged abuse victims and dwindling membership numbers. As a result of the filing, all civil litigation against the organization is suspended.
It wasn't until years later, when some state legislators enacted new laws that enabled victims to file lawsuits without limits on when the alleged abuse took place, that a barrage of complaints against the youth organization were filed. Pfau estimates the number of claimants will eclipse those of the Catholic church."The Catholic bankruptcies are limited in geographic scope. Here there will be claimants from all 50 states and the American territories," Pfau said.
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