WASHINGTON, D.C.: The Boy Scouts of America filed for bankruptcy Tuesday in what it said was an effort to safeguard compensation payouts for sexual abuse victims. The national Boy Scouts council and its affiliated local councils together hold nearly $5 billion in assets including landholdings, according to a Wall Street Journal report last month. He also said files maintained by the Boy Scouts listed more than 7,800 alleged perpetrators of sexual abuse. Abused in Scouting, a network of law firms representing victims, said the bankruptcy proceedings could spell the end of the Boy Scouts. The Boy Scouts had attempted to stay solvent by raising membership fees and mortgaging properties, Abused in Scouting said.

Source: Manila Times February 18, 2020 13:25 UTC