Above photo, "Boy Scouts of America" by Prayitno / Thank you for (12 millions +) view is licensed under CC BY 2.0
May 2020 – On February 18, Boy Scouts of America (BSA) filed for Chapter 11 bankruptcy. This move came after hundreds of lawsuits were brought against BSA alleging sexual misconduct of leaders in the organization over the years.
Mike Pfau, an attorney who has represented more than 300 alleged victims, believes this bankruptcy will not be a quiet one. “You’re talking about thousands of perpetrators,” Pfau said, “tens of thousands of victims. This will be the largest bankruptcy the country has ever seen, and likely one of the largest corporate bankruptcies.”
Activities and programs will continue for BSA, since local councils are not filing for bankruptcy. The BSA plans to set up a Victims Compensation Trust in order to provide compensation to all victims of crimes committed by scout leaders.
Trail Life USA, a Christian alternative to scouting, was founded soon after BSA opened its troops to homosexual participants in 2013 and later dropped the word boy from its official name. BSA membership once reached 4 million but has now plummeted to 2.3 million.
foxnews.com, 2/18/20; washingtontimes.com, 5/9/18