Eagle1993

I've been seeing more panic parents pushing Eagle recently ... I wonder if this is in their mind as well.

For me, we are at too many what ifs to really plan. My primary concerns are: - Philmont ... I have 2 crews going ... will that happen and is their money safe? - Summary Camp ... will my camp be pulled by this summer and are our deposits safe. I think, for now, both are safe for this summer so we move on. The summer of 2022, on the other hand ....

The only specific was releasing the names of everyone on the volunteer ban list. I took a look at other settlements and a couple of areas we may see changes (just a guess): So, imagine opening up scouting.org ... there may be a big button that states report abuse. The other areas I have seen is requirements for 0 tolerance policies. If a youth or adult violates any aspect of YPT and its confirmed, they are out, banned and don't be surprised if made public. The third is more public openness about policies and violations that have been reported. These are some of the non monetary changes I have seen in lawsuits.

Saturday all day events hits us hard. Overtime for custodian staff. The day of the week meeting cost isn't bad ... PWD alone is $500+ for room rental.

Nope. Just a check or cash. These are meeting rooms anyone in our village can reserve online. It costs us about $4,000 per year between the Pack and Troop. Our CO does not have a building.

Where we meet today. We don't meet at our CO. We pay for meeting space at libraries and public rental locations that are open to all groups.

No.

I've decided to stop FOS or any fundraising that helps my council. They have over 200 claims. I expect most of my funds will go to a bankruptcy settlement. I will give them the funds I typically provide post bankruptcy settlement. I'm going to recommend my Troop and Pack take a similar plan ... save your contributions and then provide post settlement.

The only message ... this bankruptcy only effects national. It has no impact on the councils, units or COs. A bit of info trickled out that we may pay into a fund but no real serious discussion of impacts. Given that nearly every council said the same thing (you can see this in media feeds) I expect that was directed by National. They may have been gaming this out, but they have not prepared us for any impact.

What they made clear is they expect 100% of assets that are non restricted. LCs haven’t shared that data so they don’t know if $300M is enough. If a camp is restricted, prove it. If you can’t they want it. Otherwise, face 10,000+ lawsuits.

A few more points. TCC clarified that there are 101K claims. They said 83K were unique. They also clarified they believe some may be fraud most most are true. They also said the data issues on many claims need to be cleaned up and have examples. (One claim didn’t list the council. When they looked they found the individual put the council name next to the Troop number in the Troop field.). Again, they think there are some false claims bust my takeaway is they believe most are real. TCC’s goal is maximum payout. They do not care if BSA cannot function post bankruptcy. They also cannot force liquidation. Their belief is that there will be no”yes” vote unless they have at least the liquidation value of BSA. If BSA fights hard, this could take years and involve thousands of lawsuits. Essential the message is surrender or face legal destruction. Give up every National and local asset (camp) that you cannot prove is encumbered. I expect most BSA camps will be lost... especially those that have any real value. TCC believes YPT is weak as there are a ton of claims post YPT. They are demanding changes. Will BSA survive? It will likely be up to volunteers putting on unit level activities at non BSA camps. It will also depend on the YPT changes.... I think it will survive but be nothing like the BSA I knew.

News starting to hit local councils. That was fast. North Carolina Boy Scouts accused of underpaying abuse survivors (wxii12.com)

I hope so. I’m just not convinced the BSA evolves quickly enough to survive this.

To be clear. The TCC legal team, accountants, etc are all billed to BSA. They have to pay them. They are not working on contingency.

They get $1M per month. The TCC lawyers do at least.

Part of me thinks National gets it. They are only protecting their “restricted” assets. If the judge decides they are not “restricted” they will go to the Trust. The TCC announced they will sue JP Morgan (likely over the Philmont line of credit). So National is pretty clear... decide if HA bases are protected and clear up the JP Morgan mess. The billion dollar question is the hundreds of local councils. Will they get it and turn over everything. I’m not convinced. COs I expect will head down the lawsuit path.

Not your fault. I hope BSA goes back to their documents and really looks at what are restricted assets and offers everything else. Then build a non CO model as I expect COs are gone.. Then settle with protection for the LCs and let the COs fend for themselves. If they do this, BSA can survive. I just don’t trust BSA’s leadership and I think they will realize this too late in the process and we will lose most of our camps.

I clarified in a later post. I agree.

To be clear... this is to pressure LC and COs to pay up proactively. If they can essentially get a liquidation value from the majority of councils I expect they would push for approval and blocking lawsuits. COa haven’t offered a dime. LCs offer was small. So either deal with 20-40 thousand lawsuits or pay up.

I hope you are right. I really do. However, they have hired forensic accountants to go over every LC asset. It if isn’t restricted it should go to the trust. We may lose a ton of local camps.

They are telling every individual (83,000) to file every individual lawsuit they can against CO and LCs based on their rights. Some cannot file due to SOLs but 10,000s will.

National isn’t the issue. They plan to go after 7 sources of income. 1) National assets 2) National insurance companies 3) Local Council Assets 4) LC insurance companies 5) CO assets 6) CO insurance companies 7) Individual assets I expect lawsuits to go on for years, leaving to loss of COs and local camps with a decade or so of bankruptcies of churches, LCs, clubs, etc. Or BSA the LCs and COs really increase their offer until 66% approve.

Dont think because there is a bunch of NAs the data doesn’t exist. Many claims have the details just in the wrong fields and they are working through that. Expect council and CO claims to increase. Minimum payment of plan must be at least equal to liquidation of BSA. So they are comparing plan to total liquidation of the BSA and the plan must meet that at minimum. Their accountants are working through that now. Creditors cannot force a non profit into chapter 7. The court cannot convert to chapter 7. BSA can convert it on its own. Bankruptcy case can be dismissed which means each individual can sue BSA individually. They spent time telling individuals how to obtain counsel. Get ready for a wave of CO and LC lawsuits this summer.

Yes. It’s over. 13,000 claims since YPT.

TCC will ask court permission to sue JP Morgan over their loans as they have legal issues (for example Philmont). TCC is not interested in the future of the BSA. Their job is to maximize the payout. However, they plan to require the BSA to release their ineligible volunteer list. They are recommending each individual to prepare and start filing lawsuits against: COs LCs Individuals April 15 will likely end up not even approving the plan for a vote ... far too many issues. They have worked with 18 sex abuse bankruptcies .. there have been 0 cramdowns. Judges do not do that to sex abuse claimants. So, essentially, the bankruptcy will only be accepted when 66% of the claimants approve.