The Boy Scouts of America (BSA) Announces Confirmation of Plan of Reorganization and Emergence from Chapter 11 Bankruptcy to Equitably Compensate Survivors While Ensuring Scouting Continues Across the Country The BSA’s Plan will successfully establish a compensation fund with the overwhelming support of more than 85% of survivors in the case. IRVING, TX – April 19, 2023 – Today, the Boy Scouts of America (BSA) emerged from Chapter 11 bankruptcy and fulfills a commitment it made when it commenced its restructuring process in February 2020: to equitably compensate survivors and preserve the mission of Scouting. The court-approved Plan of
Media Contact: [email protected] The Boy Scouts of America Files for Chapter 11 Bankruptcy to Equitably Compensate Victims While Ensuring Scouting Continues Across the Country Local Councils are Not Filing for Bankruptcy as They are Legally Separate and Distinct Organizations IRVING, TX – February 18, 2020 – The Boy Scouts of America (BSA) today announced that the national organization has filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code to achieve two key objectives: equitably compensate victims who were harmed during their time in Scouting and continue carrying out its mission for years to come. The BSA intends