AS STATED IN THE BOY SCOUTS CHAPTER 11 BANKRUPTCY PLAN…
OVERVIEW
• There are 82,209 Child Sex Abuse Survivors that are Claimants.
• The Boy Scouts will pay less than 10% ($219 Million) of the $2.46 Billion bankruptcy plan. The rest will be paid by insurance companies and Councils.
• The Boy Scouts will pay more to their attorneys (>$300 Million) than to the Survivors ($219 Million).
CLAIMS
• At the least 164,667 Boy Scouts Child Sex Abuse CLAIMS have been confirmed to have been filed throughout their existence.
• 82,458 TOTAL CLAIMS BEFORE the Boy Scouts filed for Bankruptcy February 18th, 2020.
• 82,209 ADDITIONAL CLAIMS IN the Boy Scouts Bankruptcy filed February 18th, 2020 and before the deadline November 16, 2020.
• 11,000 ADDITIONAL FUTURE CLAIMS projected during Boy Scouts Bankruptcy hearings that will be from current Boy Scouts members and those that didn't before the bankruptcy deadline.
COUNCILS
• There are 254 Councils.
• Councils have a total of 82,209 Claims.
• TOTAL CLAIM VALUES are $8,496,321,125 to $38,846,098,870
• The Councils Total Contribution will be only $500,712,365.
• The Councils have Total Net Assets of $1,803,482,401.
CHARTERS
• There are tens of thousands of churches, schools, and several other entities that are Charters.
• Liability releases for these non-debtor third parties in the bankruptcy plan, potentially extending to tens of thousands of entities, is unprecedented, and part of what makes this a landmark bankruptcy if settled as currently proposed.