From NPR: Boy Scouts Of America Files For Bankruptcy As It Faces Hundreds Of Sex-Abuse Claims. “The organization says it will use the Chapter 11 process to create a trust to provide compensation to victims. Scouting programs will continue throughout.” (That could be the least effective marketing message of all time. Our childrens programming schedule will not be impacted while we are paying people off for sexually abusing children.)

+ Bloomberg: “The organization isn’t broke. In its bankruptcy petition, BSA estimated that it had between $1 billion and $10 billion in assets and less than $1 billion in liabilities. Instead, the Boy Scouts appear to be using bankruptcy to limit the the amount of money it will have to pay to settle its sexual abuse cases.” (Moral bankruptcy and financial bankruptcy, together again…)