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What Does the March 1st Boy Scouts Reorganization Plan Mean for My Claim?

March 3, 2021  ·  By mark


On March 1, 2021, the Boy Scouts of America announced its proposed Plan of Reorganization, which outlines how it wishes to provide monetary compensation for victims who filed claims in the Boy Scouts bankruptcy.

The proposed plan includes the following:

  • About $220 million from the Boy Scouts of America.
  • An estimated $300 million comprised of voluntary contributions from individual chapters.
  • Original artwork from artists including Norman Rockwell and Walt Disney.
  • Two BSA facilities, located in Texas.
  • Properties associated with the BSA’s gas and oil interests.

Hurley McKenna & Mertz stands firm in its belief that this plan grossly under-compensates the BSA’s more than 80,000 victims. You can read our full statement on the reorganization plan here

What the Plan Means for Victims Who Have Filed Claims

If you’ve filed a claim against the Boy Scouts of America and are awaiting information on what this plan means for you, there’s one important thing to understand right now: The reorganization plan is only the first step in a longer process.

As of the time of this writing, we are still waiting on insurance companies and sponsoring organizations to disclose their proposed contributions, which will substantially increase the settlement trust.

Also, please keep in mind that the proposed reorganization plan has not yet been approved. 

For the reorganization plan to be made final, it must be approved by the Court. Before the Court will approve it, victims must first vote on the plan—and a plan that insufficiently compensates victims is likely to fail.

There will be lengthy negotiations about voting procedures before the voting process can begin. When those procedures are defined, Hurley McKenna & Mertz will offer its clients advice about voting and a complete analysis of the proposed plan so you can cast an informed vote.

There is No Action Needed From Victims Yet

Right now, victims who have filed claims need not take action. It will still take some time before the bankruptcy process moves ahead and you collect the compensation you are deserved.

If you are a victim, do not worry about the monetary figures you’re hearing about in the news. The Court’s process is lengthy and thorough, and the final amount owed to each victim will probably change many times before it becomes final. If you’re a client of Hurley McKenna & Mertz, visit our Boy Scouts website page for the most up-to-date information and contact us with any lingering questions.

March 3, 2021

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On Monday, March 1, 2021, the Boy Scouts of America filed its Proposed Reorganization Plan. This is one of the first major steps in BSA’s effort to emerge from bankruptcy. BSA’s bankruptcy was precipitated by the thousands of sexual abuse against it. Through its bankruptcy, BSA seeks a release of liability for itself and all... Read More

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BOY SCOUT TOWN HALL MEETING--Set for March 11, 2021, at 8 pm [Eastern]

In the Bankruptcy Court, the Tort Claimants Committee (or TCC), is tasked with protecting the interests of all survivors that filed claims in the Boy Scouts Bankruptcy. To that end, the TCC negotiates with various parties, makes recommendations to survivors, and advocates in Court filings and pleadings. Christopher Hurley and Evan Smola of Hurley McKenna... Read More

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