The Boy Scouts of America wants to use some of the proceeds from the sale to compensate tens of thousands of men who claim they were sexually abused as children while involved in Scouting.
The organization plans to create a victims compensation fund for payouts that could reach more than $1 billion.DOVER, Del. -- The judge presiding over the Boy Scouts of America bankruptcy has approved the organization's request to sell its warehouse and distribution center in North Carolina for roughly $13.5 million and lease back the property from the buyer.
The Boy Scouts of America sought bankruptcy protection in February 2020 to stave off a flood of lawsuits alleging child sexual abuse by Scout leaders and volunteers over several decades. At the time, the BSA was facing about 275 filed lawsuits and was aware of roughly another 1,400 pending claims. But more than 82,200 abuse claims have been submitted in the bankruptcy.
At Friday’s hearing, Silverstein noted that the findings that the BSA and plan proponents are asking her to make in confirming the plan present her with issues that she has never previously faced as a bankruptcy judge. “You’re not in danger of a forthcoming decision in the next few days,” said Silverstein. She must decide a host of controversial and complex issues involving not just the Boy Scouts, but the BSA’s insurers, its 250 local councils, and tens of thousands of troop sponsoring organizations.
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