Irving-based Boy Scouts of America files for Chapter 11

Irving-based Boy Scouts of America files for Chapter 11

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The Boy Scouts of America, once the quintessential organization of youth cultural development, filed for bankruptcy in Delaware shortly after midnight Tuesday, vowing to use its existing resources to compensate the growing list of former youth participants who claimed to have been sexually abused by Boy Scout leaders and volunteers. In a news release following the filing, Roger Mosby, BSA president and CEO, said the organization will be setting up a trust to administer compensation and treatment…

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