(WEHT) The Boy Scouts of America filed for bankruptcy in federal court in Delaware early Tuesday morning.
According to the filing, the BSA says they have between $1B and $10B in assets. The organization has liabilities between $500M and $1 billion.
The group faces hundreds of sexual abuse lawsuits nationwide.
John Harding with the Buffalo Trace Council says the national filing will not affect local scouting.
“This chapter 11 filing does not affect the local council. Our Buffalo Trace Council is a separate legal entity of its own from the national organization. Also, this will not impact local units. We have cub scout packs and scout troops and venture crews and exploring posts that are going to be functioning as they have been.”
According to the BSA website. the organization filed for bankruptcy to create a victims compensation trust along with a hotline for people to receive counseling.
There is also a letter to victims apologizing for any abuse.
(This story was originally published on Feb. 18, 2020)