For the first time in its 110-year history, the Boy Scouts of America filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code.
It was filed to achieve two key objectives: equitably compensate victims who were harmed while Scouting and to continue the BSA mission.
HISTORY, THE BOY SCOUTS OFAMERICA FILED CHAPTER ELEVENBANKRUPTCY PROTECTION.
ITCOMES AS THE ORGANIZATIONTRIES TO DEAL WITH A SEXUALABUSE SCANDAL.
IT'S LEFTFAMILIES WONDERING WHAT THEIMPACT OF THE FILING WILL MEANFOR THEIR SCOUTS.
W-P-T-VNEWSCHANNEL FIVEMONDALE HAS MORE.<< IN THIS RELEASE - THE BOYSCOUTS OF AMERICA SAYS WHILENOTHING CAN UNDO THE ABUSE -THE BANKRUPTCY IS A WAY TOMOVE FORWARD.
PAYING ITFORWARD.
WE WANT TO BE GOODSTEWARDS OF OUR CHILDRENÃOURCHILDRENDOUGLAS KENNEDY WAS A*CUBB*IN THE LATE 70WANTED HIS THREE CHILDREN TOBE A PART OF THE CENTURY OLDORGANIZATION.
HIS ONLYDAUGHTER IS ALSO A MEMBER.SHETHE FIRST FEMALE EAGLE SCOUT&ÃAND IGO FOR IT”(01:28:03) THEIRCHILDREN ARE PART OF76-HUNDRED YOUTH WITHIN THEBOYS SCOUTS OF AMERICAÃGULFSTREAM COUNCILÃWHOSE PARENTSRECEIVED THIS LETTER - WHENTHE*NATIONA* ORGANIZATIOFILED FOR BANKRUPTCY.
”IAGREE THAT ANYBODY THAT WASHARMED SHOULD BE TAKEN CAREOF” FIRST AND FOREMOSTÃONEVICTIM IS ONE VICTIM TOOMANY”(02:03:14) HAMILTON SAYSITTHE GULF STREAM COUNCIL'SSEVEN COUNTIES.
THEY'RELEGALLY SEPARATE ANDFINANCIALLY INDEPENDENT FROMTHE NATIONAL ORGANIZATION.WE7.6-PERCENT MEMBERSHIPINCREASE THIS YEAR” ONTUESDAY THE SCOUT STORE WASOPERATING AS NORMAL& THE FIRSTSTOP THEY MAKE IS HERE TO ARMTHEMSELVES FOR WHAT LIESAHEAD” MEANWHILE AT THENATIONAL LEVELÃTHE PRESIDENTAND C-E-O SAYS A PROPOSED*VICTIMS COMPENSATION TRUS*WILL PROVIDE OMPENSATION TOALL VICTIMS WHILE MAINTAININGTHE BOY SCOUTS OF AMERICAIMPORTAN* MISSION.
I DONTHINK DESTROYING THE PROGRAMIS GOING TO EITHER HELP THEMOR HELP OUR FUTURE GENERATIONSOF CHILDREN“THE BOY SCOUTS OFAMERICA ALSO SIGNED AFIVE-YEAR-PARTNERSHIP WITH THEORGANIZATION*1IN* TO BOTHSUPPORTÃAND ENCOURAGESURVIVORS TO COME FORWARD.ARTHUR MONDALE WPTVNEWSCHANNEL 5”