The Boy Scouts of America is considering filing for bankruptcy in an effort to get a handle on what could be an onslaught of claims over allegations of sexual abuse, WSJ Pro Bankruptcy reported. Despite declining enrollment and legal threats, the national organization lists assets of more than $1.5 billion in its most recent yearly financial report. And that doesn’t even include any assets held by the organization’s more than 250 regional councils. Plaintiffs’ lawyers suing the Boy Scouts questioned whether the organization’s motivation in exploring bankruptcy is financial preservation, given its wealth. Over the past 12 years, Oregon lawyer Peter Janci has sued the Boy Scouts on behalf of about 100 people.
