YOUR BUSINESS AUTHORITY

Springfield, MO

Log in Subscribe

Boy Scouts of America files for bankruptcy

Posted online

Boy Scouts of America filed for Chapter 11 bankruptcy protection.

The group has faced mounting legal costs over lawsuits alleging sexual abuse of boys.

"The BSA intends to use the Chapter 11 process to create a victims compensation trust that would provide equitable compensation to victims," a spokesperson said.

Read more from NBC News.

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Coronavirus Coverage

SBJ compiles news on the respiratory virus outbreak.

Most Read
SBJ.net Poll
Is your business going to apply for the U.S. Small Business Association disaster loan?

View results