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Boy Scouts bankruptcy filing expected within hours, victims’ lawyers say
submitted 1 month ago by Nemacolin from nydailynews.com
[–]Nemacolin[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 0 fun2 insightful - 1 fun - 1 month ago (0 children)
All in all, the Boy Scouts seem doomed.
The Boy Scouts of America, after decades of being crippled by child sex abuse claims, plans to file for Chapter 11 bankruptcy by early Tuesday, the Daily News has learned.
Two lawyers who individually have represented hundreds of victims confirmed to The News that the 110-year-old organization could be filing papers in Delaware federal bankruptcy court as early as midnight.
As the embattled Boy Scouts begin the long process of restructuring debt, any pending sex abuse claim against the organization will be put on hold, lawyers said.
”It’s an injunction against any case that’s filed in any state across the country,” said attorney Aitan Goelman, one of the lawyers at Abused in Scouting, a cohort of law firms that represents thousands of abuse victims. ”The creditors will file their claims. All other liabilities will be extinguished.”