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Boy Scouts emerges from Chapter 11 bankruptcy
2023.04.19 12:53
© Reuters. FILE PHOTO: The statue of a scout stands in the entrance to Boy Scouts of America headquarters in Irving, Texas, February 5, 2013. REUTERS/Tim Sharp (UNITED STATES – Tags: SOCIETY)
(Reuters) – The Boys Scouts of America said on Wednesday it had emerged from Chapter 11 bankruptcy after securing approval of a $2.46 billion reorganization plan from a bankruptcy judge in September.
The organization had filed for bankruptcy in February 2020 after several U.S. states enacted laws allowing accusers to sue over decades-old abuse allegations.
