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Description


PHONE: (318) 325-4634
EMAIL: info@louisianapurchasecouncil.org
BSA Bankruptcy Info
Total Claims Value
High
$189,004,500

Low
$42,247,000
Contributions to Claims
Total
$1,167,454

High
0.62%

Low
2.76%
Unrestricted Net Assets
Total
$4,170,751

High
2.21%

Low
9.87%

Footnotes


1. All of the data on this document was included in the Court approved Amended Disclosure Statement for the Modified Fifth Amended Chapter 11 Plan of Reorganization (Docket No. 6445) beginning at page 425 of 441. The Debtors' response to Exhibit G is set forth on Exhibit G-1 to the Disclosure Statement at page 433.

2. According to the Debtors' claims expert, Bates White, there are 82,209 unique and timely sexual abuse claims filed against the Debtors' as reflected in the "Tranche 6" claims data. Of those claims, 41,750 list a Local Council that was associated with the sexual abuse. The Tort Claims' Committee used the 41,750 claims to determine the number of claims implicating each Local Council. It should be noted that the Tort Claims' Committee did not include claims that identify more than one Local Council. In addition, there are approximately 38,300 claims that do not identify a Local Council (even though it is impossible to be a scout and not have a Local Council). As a result, the 41, 750 listed is a very conservative number of claims given that each claim should be associated with a Local Council.

3. Under the Debtors' Plan, the evaluation and payment of claims is governed by the "Trust Distribution Procedures" ("TDP"). The TDP assigns a "Base Value" to each claim that corresponds to one of six (6) types of abuse and is set forth on pages 14-15 of the TDP. The Base Value of each claim is adjusted upward and downward by scaling factors set forth in the TDP. The value of a claim for each type of abuse is capped giving it a potential "Max Value" after the application of all applicable scaling factors. If a claim is subject to a statute of limitations defense, there is a range of scaling factors that are used to reduce the scaled value of the claim. The "Base Matrix Low" value of a claim is the "Base Value" of a claim reduced by the low-end range of the statute of limitation scaling factor without the application of any other potential scaling factors. The "Max Matrix High" value of a claim is the "Max Value" of a claim reduced by the high-end range of the statute of limitation scaling factor without the application of any other potential scaling factors.

Total Contribution ÷ Total Claims Value Base Matrix (Low/High)

Unrestricted Net Assets ÷ Total Claims Value Base Matrix (Low/High)

BSA Camps (1)

Related Survivors (2)


Curtis Garrison

  • BSA Date Start: 1981
  • BSA Date End: 1984
  • BSA Bankruptcy Claimant: #71396
Curtis Garrison was sexually abused beginning when he was a toddler by his adopted dad, and he remembers seeing what he’d grow up to know was his adopted two sisters & brother (biological children of his adopted parents) and several foster children (that were from their church) all being abused in many kinds of abuse.  Then he, as well as many other Boy...

Todd Grantham

BSA BANKRUPTCY CLAIMANT #TBA Boy Scouts Child Sexual Abuse Survivor