Boy Scouts file for bankruptcy due to sex-abuse lawsuits

National & World News

FILE – This Feb. 4, 2013 file photo shows a close up of a Boy Scout uniform badge during a news conference in front of the Boy Scouts of America headquarters in Irving, Texas. A team of lawyers filed a lawsuit on Monday, Jan. 6, 2020, in federal court in Washington, D.C., seeking to establish the nation’s capital as a venue for men across the U.S. to sue the Boy Scouts of America for allegedly failing to protect them from long-ago sexual abuse at the hands of scoutmasters and other scout leaders. (AP Photo/Tony Gutierrez, File)

The Boy Scouts of America has filed for bankruptcy protection as it faces a barrage of new sex-abuse lawsuits.

The filing Tuesday in Wilmington, Delaware, is an attempt to work out a potentially mammoth compensation plan for abuse victims that will allow the 110-year-old organization to carry on. It could be one of the biggest, most complex bankruptcies ever seen.  

Scores of lawyers are seeking settlements on behalf of several thousand men who say they were molested as boys by scout leaders decades ago. The organization could be forced to sell off some of its vast property holdings to raise money for a compensation fund that could surpass $1 billion.

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