" /> Boy Scouts File For Bankruptcy – EastTexasRadio.com
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Boy Scouts File For Bankruptcy

The Irving-based Boy Scouts of America is hoping its operations can continue intact throughout the country after filing for bankruptcy protection. The organization hopes to work out a huge compensation plan for thousands of alleged victims of sex-abuse and put their lawsuits on hold. Scouting could be forced to sell off some of its massive property holdings to raise money for a compensation fund of more than $1 billion. Local councils have not filed for bankruptcy and are independent of the national organization.