Boy Scouts of America significant event bankruptcy
Controversies
On February 1, 2019, the Boy Scouts of America renamed its flagship program, Boy Scouts, to Scouts BSA to reflect its policy change allowing girls to join separate, gender-specific troops. Shortly thereafter, the largest charter organization supporting BSA, The Church of Jesus Christ of Latter-day Saints, decided to part ways substantially contributing to a net loss of nearly a million scouts/leaders. On February 18, 2020, the National BSA filed for Chapter 11 bankruptcy protection and is currently restructuring its financial situation. On November 16, 2020, the National BSA disclosed in their bankruptcy filings that over 92,000 former Scouts had reported sexual abuse by members of the organization. In December 2021, the insurer for the Boy Scouts of America agreed to pay $800M into the fund for victims.