Boy Scouts of America File for Bankruptcy

Mikaela Mathews : Feb 19, 2020
Christian Headlines

"While we know nothing can undo the tragic abuse that victims suffered, we believe the Chapter 11 process, with the proposed trust structure, will provide equitable compensation to all victims while maintaining the BSA's important mission." -Roger Mosby, president and CEO of BSA

[ChristianHeadlines.com] The Boy Scouts of America filed for bankruptcy protection on Tuesday, according to the AP, due to lowering membership and a surge of child abuse lawsuits. (Image: via Fox News)

"We are outraged that there have been times when individuals took advantage of our programs to harm innocent children," said Roger Mosby, president and CEO of BSA. "While we know nothing can undo the tragic abuse that victims suffered, we believe the Chapter 11 process, with the proposed trust structure, will provide equitable compensation to all victims while maintaining the BSA's important mission."

The 110-year-old organization has suffered in recent years as sex abuse claims have plagued the nonprofit. Due to changes in states' statute-of-limitations laws, over 12,000 victims have come forward with claims against BSA... Subscribe for free to Breaking Christian News here

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