{"id":5452,"date":"2021-03-03T10:08:39","date_gmt":"2021-03-03T16:08:39","guid":{"rendered":"https:\/\/totscouting.org\/an-important-milestone-in-the-bsas-chapter-11-case\/"},"modified":"2021-03-03T10:08:39","modified_gmt":"2021-03-03T16:08:39","slug":"an-important-milestone-in-the-bsas-chapter-11-case","status":"publish","type":"post","link":"https:\/\/totscouting.org\/an-important-milestone-in-the-bsas-chapter-11-case\/","title":{"rendered":"An Important Milestone In The BSA\u2019s Chapter 11 Case\u00a0"},"content":{"rendered":"
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Dear Scouting Family,\u00a0<\/p>\n

This past year demonstrated that the B<\/span>oy Scouts of America<\/span>\u2019s mission is more important than ever before<\/span>, and I look to the\u00a0<\/span>future<\/span>\u00a0with\u00a0<\/span>hope<\/span>. The\u00a0<\/span>entire Scouting\u00a0<\/span>c<\/span>ommunity showed impressive perseverance,\u00a0<\/span>leadership,<\/span>\u00a0and commitment to the mission.\u00a0<\/span>I thank you all for showing up for Scouting each and every day.\u00a0<\/span>\u00a0<\/span><\/p>\n

It has been just over a year since the BSA filed for Chapter 11 bankruptcy. As you know from our regular updates, we have made significant progress<\/span>,\u00a0<\/span>but there is still more work to be done.\u00a0<\/span>With that said, I am\u00a0<\/span><\/b>pleased<\/span><\/b>\u00a0to share with you that the BSA\u00a0<\/span><\/b>has taken<\/span><\/b>\u00a0an important step toward emerging from this process by filing a<\/span><\/b>n amended\u00a0<\/span><\/b>Plan of Reorganization with the<\/span><\/b>\u00a0Bankruptcy<\/span><\/b>\u00a0Court.\u00a0<\/span><\/b>\u00a0<\/span><\/p>\n

The\u00a0<\/span>amended\u00a0<\/span>Plan<\/span>\u00a0of Reorganization<\/span>\u00a0<\/span>outlines the BSA\u2019s proposed strategy to provide equitable compensation\u00a0<\/span>to<\/span>\u00a0<\/span>victims of past abuse\u00a0<\/span>and address our other financial obligations so that we can continue to serve youth for years to come. There are still many aspects<\/span>\u00a0of the Plan<\/span>\u00a0that we are\u00a0<\/span>refining\u00a0<\/span>through ongoing mediation, but\u00a0<\/span>the amended Plan is an important step in\u00a0<\/span>demonstrating\u00a0<\/span>progress<\/span>\u00a0<\/span>that we believe<\/span>\u00a0will ultimately lead to a final plan that the\u00a0<\/span>Bankruptcy\u00a0<\/span>C<\/span>ourt will confirm.<\/span>\u00a0<\/span><\/p>\n

Some\u00a0<\/span>o<\/span>f\u00a0<\/span>the proposed aspects outlined in\u00a0<\/span>the<\/span>\u00a0filing include<\/span>:<\/span>\u00a0<\/span><\/p>\n