Boy Scouts exploring "all options" to address fiscal woes
By DAVID CRARY
AP National Writer
NEW YORK (AP) - The Boy Scouts of America says it is exploring "all options" to address serious financial challenges, but is declining to confirm or deny a report that it may seek bankruptcy protection in the face of declining membership and sex-abuse litigation.
"I want to assure you that our daily mission will continue and that there are no imminent actions or immediate decisions expected," Chief Scout Executive Mike Surbaugh said in a statement issued Wednesday evening.
Surbaugh was responding to a Wall Street Journal report that the BSA, founded in 1910, had hired a law firm to assist in a possible Chapter 11 bankruptcy filing.
Surbaugh described the report as "news speculation," but acknowledged the pressures arising from multiple lawsuits related to past instances of sex abuse.
Copyright 2018 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Mexican government to save a say in ‘Remain in Mexico’ policy
Texas Rangers investigating after shots fired from Mexico into Starr County
Edinburg swears-in new police chief
National Latinx AIDS Awareness Day encourages HIV testing in the community
Los Ebanos woman reflects on border wall contracts being cancelled