Thursday, 08 September 2022 04:08

Boy Scouts of America Has Received Confirmation of Its Plan of Reorganization from the Bankruptcy Court – Emergence Process Continues

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On Thursday, September 8, 2022, the Boy Scouts of America received confirmation of its Plan of Reorganization from the Bankruptcy Court. This ruling, issued by Judge Laurie Selber Silverstein in Delaware, brings the organization only one step away from emerging from bankruptcy, and from being able to equably compensate survivors while ensuring the mission of Scouting continues. In addition to approval from Judge Silverstein, the BSA’s Plan of Reorganization has also won overwhelming support from survivors of past abuse in Scouting, with more than 85% voting to approve it.

What happens next?

In order to officially emerge from the financial restructuring process, the BSA must receive approval of its Plan of Reorganization from the US District Court. Because certain parties have communicated their intent to appeal the confirmation order, the BSA will next begin a District Court appeal process in order to emerge from Chapter 11, which will allow survivors to be equitably compensated and preserve the mission of Scouting for future generations.

The BSA does not know exactly when emergence will take place, but the organization expects it to be sometime this winter. The BSA will continue to share updates and information as the organization navigates the final stages of this process with the District Court.

The BSA has posted information about this process, including information for the Scouting community, at www.BSArestructuring.org. This site includes a Milestones page, which provides a source for the latest updates as the organization navigates the final steps of this process.

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