(CNN) The Boy Scouts of America has filed for bankruptcy , according to a court document filed in Delaware bankruptcy court early Tuesday. The youth organization, which celebrated its 110th anniversary February 8, listed liabilities of between $100 million and $500 million and estimated assets of $1 billion to $10 billion.Will Boy Scouts of America declare bankruptcy?
In February 2020 , the Boy Scouts of America filed for Chapter 11 bankruptcy protection. One of the reasons cited for the filing was due to the number of lawsuits filed against the organization alleging sexual abuse. The bankruptcy was filed in the United States Bankruptcy Court for the District of Delaware.What is Boy Scout Law?
The meaning of the Boy Scout Law. Kind A Scout knows there is strength in being gentle. He treats others as he wants to be treated. Without good reason, he does not harm or kill any living thing. Obedient A Scout follows the rules of his family, school, and troop. He obeys the laws of his community and country.