Updated: February 18, 2020 07:35 PM
Created: February 18, 2020 06:21 PM
Boy Scouts of America filed for Chapter 11 bankruptcy protection early Tuesday morning. This comes as the organizations faces hundreds of lawsuits alleging widespread sexual abuse with attorneys saying thousands more are in the works.
In a statement released on Tuesday, Roger Mosby, President and CEO of Boy Scouts of America said in part:
"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 BSA National organization is filing for bankruptcy, not the local councils. The BSA says local councils operate separately and distinctly and will continue to operate without any changes.
The Twin Rivers Council serves the Greater Capital Region. Their website says they serve 5,000 youths and 3,000 adult volunteers in 13 different counties.
The Twin Rivers website says they are still accepting applications for national events like the jamboree.
As for pending civil lawsuits filed in New York as part of the Child Victims Act, attorneys say a bankruptcy filing stops those immediately. Instead, those claims will be addressed by the bankruptcy court.
Victims who have not yet filed a suit can still come forward with their claim but Josh Peck, an attorney with Jeff Anderson & Associates, told NewsChannel 13 those claims will be listed as creditors in the bankruptcy filing.
Peck says the filing is also a move by the BSA to keep damaging documents that attorneys say show the organization knew about the abuse for decades from going public.
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