By now, you’ve heard the news, along with the rest of the country, about the national Boy Scouts of America filing for Chapter 11 bankruptcy protection. “The Boy Scouts are bankrupt!” made its way across the country, along with allegations and suspicions and lots of finger-pointing.
While it’s bad news for our movement here in the US, it’s not entirely unexpected. We’ve known for months that the BSA retained a bankruptcy law firm to explore the Chapter 11 avenue. The US court system refers to Chapter 11 as “reorganization”, meaning that the corporation voluntarily petitions the court for the ability to restructure its debt while operating under the supervision of a court-appointed trustee.
In the case of the BSA, the reorganization was undertaken to be able to manage the pending and future cases of alleged child abuse against BSA volunteers and the way the organization handled them. Continue reading “What do we tell the children?”