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Key Hearing Set in Boy Scouts of America Bankruptcy Case

Submitted by ckanon@abi.org on
A key hearing before a Delaware judge could determine whether the Boy Scouts of America might be able to emerge from bankruptcy later this year, ABC News reported. The Boy Scouts, based in Irving, Texas, sought bankruptcy protection in February 2020 amid an onslaught of lawsuits by men who said they were sexually abused as children. Tuesday’s hearing was scheduled more than a month ago. It was called for the judge to consider whether the Boy Scouts' explanation of a reorganization plan, filed in July, contained sufficient detail for abuse claimants to make informed decisions on whether to accept it. But several key stakeholders are asking the judge to postpone the hearing for at least three weeks to allow them time to review and file objections to a new plan that was filed just days ago. The delay is being sought by the official victims committee, along with several law firms and insurance companies. U.S. Bankruptcy Judge <b>Laura Selber Silverstein</b> must decide whether to grant the postponement or proceed with the hearing on a disclosure statement outlining the BSA’s reorganization plan. That hearing could last several days.