Sad if true. Update: yikes

The Wall Street Journal, using "sources" (what else these days?), is suggesting that the Boy Scouts are (H/T John Manly) seriously considering bankruptcy in the wake of policy changes, membership drops, and lawsuits by those who have been sexually assaulted--one of whom used to comment on this little blog, for reference. 


Now obviously, the law firm referenced is not going to talk, and the Boy Scouts won't say anything about this until they might actually file, so we don't know anything for sure, but it strikes me that they're going to have trouble going through bankruptcy before putting some of their under-used camps up for sale--and sad to say, I'd suggest this ought to include Philmont, too.  As I noted in this comment regarding church-owned camp facilities, capital is not equivalent to the mission.


But even more sadly, this is something of a shock to me, as I had been under the impression that the Scouts were actually one of the best at child protection.  This may be true, but at least if sources be trusted ("if"), it's not been enough to satisfy those who have been hurt and their attorneys.


Update: given that the 2017 annual report of the Boy Scouts of America lists over a billion dollars in assets, I am very skeptical of the notion that they'll be filing for bankruptcy, unless a number of huge misconduct lawsuits are set to go against them and somehow it's never made the papers.  The only other possibility is that they'd be attempting to pay debts without selling assets, and I'd at least thought that a Scout is "trustworthy".  So count me very, very skeptical--and hopeful as a result. 


Update 2: the BSA has sent out a letter explaining that every option is on the table.  They are not denying investigating Chapter 11.  Yikes, and sad.