Abused in Scouting? BSA Files for Chapter 11 Bankruptcy
Discover How This Could Affect Your Claim – Free Consultation Available
Were you or a family member sexually abused in scouting? Have you heard about the recent bankruptcy filing by the Boy Scouts of America? Our firm can help answer your questions. We can also help you file a claim to hold the organization accountable. Reach out to us immediately for a free consultation.
Boy Scouts Bankruptcy Filing
The Boy Scouts of America filed for Chapter 11 bankruptcy in late February. This was not unexpected. This bankruptcy happened because the Boy Scouts failed to protect young boys from sexual abuse by scout leaders- a problem it has known about for decades. The organization claims that this action will benefit victims of child sexual abuse. They intend to create a trust to provide compensation for these victims.
Yet, this is not the full truth. The organization will benefit from filing for bankruptcy. For example, a judge may put a ceiling on how much the BSA will pay to victims. In addition, you could potentially lose your ability to file a claim. Thus, it is important to consult with an Alabama child abuse attorney. He or she can help you protect your legal rights.
What Exactly Is Chapter 11 Bankruptcy?
Chapter 11 bankruptcy is often referred to as the “reorganization bankruptcy.” The debtor maintains control of its business and property. Then, the court will help the debtor restructure its assets and implement a payment plan. Chapter 11 bankruptcy is typically filed by large corporations that want to continue operating.
How Does Chapter 11 Bankruptcy Affect Boy Scouts Sexual Abuse Cases?
The Boy Scouts filing for Chapter 11 bankruptcy affects sexual abuse cases in two ways. First, it places time limits on when victims can file a claim. The bankruptcy judge will set a claims bar date. Victims must file a proof of claim with the bankruptcy judge by this date. If you fail to do so, then you may lose your ability to pursue justice. This includes your right to recover financial compensation from the Boy Scouts of America.
Second, Chapter 11 bankruptcy gives the Boy Scouts a chance to reorganize their money and assets. Thus, the organization can easily pay off its debtors and remain open. This is excellent news for employees of the organization. However, victims of child sexual abuse may find it difficult to watch the organization remain open while their cases are pending. They could experience tremendous emotional pain. Our Alabama child abuse lawyers implore you to remain strong. We will put our experience and resources to good use and help you hold the Boy Scouts of America accountable.
Sexually Abused in Scouting? Contact an Alabama Child Abuse Attorney
Are you the victim of Boy Scouts abuse? Have you thought about filing a child sexual abuse claim? Do not delay this decision any longer. Reach out to Attorney Tommy James at (205) 259-7850, or send him a message online. You can speak to him in-person or over the phone during a free consultation. He has handled many sexual abuse cases and understands that child sexual abuse victims often have doubts about the legal process. You need someone on your side who will calm your nerves and aggressively pursue justice on your behalf. Now is the time to act. Contact us today!