The Boy Scouts of America is bankrupt. ... 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.

Is the Boy Scouts going out of business?

The Boy Scouts sought bankruptcy protection in 2020 in an effort to halt hundreds of individual lawsuits and create a compensation fund for men who say they were molested as youngsters.

Do the Boy Scouts still exist in 2020?

Membership for the BSA's flagship Cub Scouts and Scouts BSA programs dropped from 1.97 million in 2019 to 1.12 million in 2020, a 43% plunge, according to figures provided to The Associated Press. Court records show membership has fallen further since then, to about 762,000.