SurvivingScouting.org
Boy Scouts Bankruptcy Filed
Feb 18th, 2020

 

NOTICE: Much more details and charts coming soon.

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).

On February 18, 2020 (the "Petition Date"), the national organization of the Boy Scouts of America (the “BSA”) and Delaware BSA, LLC (collectively, the “Debtors”) filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware to achieve two key objectives: equitably compensate victims who were harmed during their time in Scouting and continue to carry out Scouting's mission for years to come. No local councils or other entities are included as Debtors in these cases.

Boy Scouts Settlement Trust Contributions

Source Type Amount
Net Unrestricted Cash
and Investments
Cash $58.9 million
Warehouse and
Distribution Center
Real Property $11.6 million
Scouting University
(net sale proceeds)
Cash $1.9 million
Artwork Asset $59.0 million
Oil and Gas
Interests
Asset $7.6 million
BSA Settlement
Trust Note
Note Payable $80.0 million
Total Estimated BSA Settlement Trust Non-Insurance Contribution $219 million

Key Points


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Scout Oath

On my honor I will do my best to do my duty to God and my country and to obey the Scout Law; To help other people at all times; To keep myself physically strong, mentally awake, and morally straight.

Scout Law

A Scout is trustworthy, loyal, helpful, friendly, courteous, kind, obedient, cheerful, thrifty, brave, clean, and reverent.

Scouting Mission

The mission of the Boy Scouts of America is to prepare young people to make ethical and moral choices over their lifetimes by instilling in them the values of the Scout Oath and Law.
Year Claims
2020 (before Bankruptcy) 10
2019 20
2018 37
2017 47
2016 45
2015 38
2014 63
2013 62
2012 89
2011 93
2010 133
2009 147
2008 169
2007 179
2006 207
2005 234
2004 260
2003 345
2002 371
2001 386
2000 538
1999 577
1998 682
1997 685
1996 802
1995 828
1994 876
1993 939
1992 1,001
1991 1,016
1990 1,175
1989 1,173
1988 1,229
1987 1,293
1986 1,397
1985 1,496
1984 1,508
1983 1,586
1982 1,723
1981 1,639
1980 2,054
1979 1,826
1978 2,206
1977 2,245
1976 2,421
1975 2,538
1974 2,874
1973 2,785
1972 2,934
1971 2,487
1970 2,975
1969 2,457
1968 2,681
1967 2,281
1966 1,724
1965 1,666
1964 1,641
1963 1,457
1962 1,323
1961 1,096
1960 1,294
1959 980
1958 855
1957 785
1956 594
1955 576
1954 459
1953 412
1952 317
1951 234
1950 255
1949 152
1948 118
1947 118
1946 89
1945 59
1944 55
1943 40
1942 38
1941 30
1940 16
1939 12
1938 10
1937 6
1936 2
1935 6
1934 2
1933 2
1932 1
1931 1
1930 3
1928 1
1920 1
1905 1
Year was blank 6,165
Total 82,458

BSA Bankruptcy Court Info

Case No.
20-10343
Court
District of Delaware
Judge
Hon. Laurie Selber Silverstein
Filed
Feb 18, 2020
Phone
866-907-2721
Bar Date
Nov 16, 2020