Boy Scouts Of America Files For Bankruptcy
Wochit
2020-02-18
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The Boy Scouts of America filed for bankruptcy early Tuesday morning.
According to CNN, court documents were filed in Delaware bankruptcy court.
The youth organization listed liabilities of between $100 million and $500 million, but $50,000 or less in assets.
The bankruptcy filing comes at a time when the organization faces hundreds of sexual abuse lawsuits.
As a result of the filing, all civil litigation against the organization is suspended.
According to CNN, court documents were filed in Delaware bankruptcy court.
The youth organization listed liabilities of between $100 million and $500 million, but $50,000 or less in assets.
The bankruptcy filing comes at a time when the organization faces hundreds of sexual abuse lawsuits.
As a result of the filing, all civil litigation against the organization is suspended.
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