The Boy Scouts of America has filed for bankruptcy due to an endless amount of lawsuits alleging sexual molestation.
The bankruptcy petition listed the Boy Scouts’ assets as between $1 billion and $10 billion, and its liabilities at $500 million to $1 billion.
At issue will be confidential files kept since the 1920s that lists victims and abusers. A deposition revealed the files contain 7,819 suspected abusers and 12,254 victims and even worse, the Boy Scouts allowed suspected abusers to continue to their posts.
The scandal is reminiscent of the Roman Catholic Diocese filing for bankruptcy.
Because of the size of the Boy Scouts organization with a presence in fifty states, this will be one of the most complex and litigated bankruptcies ever.
Have questions regarding filing for bankruptcy, the contact Attorney Alex Hernandez for your free consultation. Saturday appointments are available and you can start your Chapter 7 bankruptcy with zero money down!
Representing clients in the areas of Chapter 7 Bankruptcy, Family Law/Divorce, and car and motorcycle accidents for 20 years.
(904) 712-5565 or (305)-688-LAWS (5297).
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