BSA Corp bankruptcy imminent


From the New York Post

A bankruptcy filing that could spell the end of the Boy Scouts of America is “imminent,” sources told The Post.

Crippled by thousands of child sex-abuse claims in multiple states — and with more victims coming forward every day — the bankruptcy case could reach into the “billions,” said one lawyer who represents 1,800 men who allege they were molested as scouts.

The filing, expected in Delaware, could come any day or in the next couple of weeks, sources said.

“It’s going to be a mess. If it takes a long period of time, it’s an open question whether the Boy Scouts will have any resources to keep operating while the bankruptcy is pending,” said attorney Tim Kosnoff.

Any bankruptcy by the Boy Scouts would be “historic” given the breadth of the organization. It is active in every state and territory, and has seen millions of boys move through its ranks since its inception more than a century ago. The group kept files on thousands of abuse allegations made against leaders since 1944.

“It would really be a day of reckoning for the Boy Scouts, in terms of the decisions they have to make,” said attorney Michael Pfau, who reps 300 alleged Boy Scout sex abuse victims. “Anyone still alive may be a potential victim.”

Kosnoff’s oldest client is a 93-year-old man, and a couple dozen others are over 80, he said.

“It’s kind of jaw-dropping when you realize this person has lived with this for so long,” Kosnoff said.

“No decisions have been made and we continue to fully meet our financial obligations to our vendors, creditors and other stakeholders,” the Boy Scouts said in a statement.

The group is “exploring all options available” to pay victims and continue their work, the statement added.

The Boy Scouts have struggled with declining membership and rising costs. The group has $1.4 billion in assets according to its 2018 tax filing, and would also have to publicize the bankruptcy to reach as many victims as possible, the lawyers said.

The case will pull back the curtain on the nonprofit’s financial health, forcing it to reveal how many assets it has, and how those assets are leveraged, said Indiana University Professor Pamela Foohey, who studies nonprofit bankruptcies.

The national Boy Scouts organization is devising a bankruptcy survival strategy that would allow it to pay victims while shielding the hefty assets owned by hundreds of local councils — an estimated $3 billion worth, according to a report in the Wall Street Journal.

Much has happened, more is happening in BSA Corp


It has been a long while since we’ve posted here and much has happened and is happening at BSA Corp.

We’ll have more detailed looks at two major stories soon: the “medical retirement” of hapless stool pigeon Michael Shurbaugh and the treacherous mortgaging of Philmont — in the exact amount we detailed here a long time ago.

 

FAIL: BSA loses 163,000 members adding girls


A number cruncher at scouter.com ran the numbers.

BSA Inc’s 2018 membership dropped 6% from 2017. They predicted a 2% gain.

image.png.8a09763d110c01770e66254b2895826a.png
BSA year-over-year membership change

SIX PERCENT. THAT IS DRAMATIC. CEO SHOUILD BE TERMINATED, HIS PAY CLAWED BACK. The board of directors should be charged with malfeasance.

Unsexed boy scouting is a failure. It’s not like anyone could see it coming. Who knew?

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Liberalism Catches Up with Boy Scouts. Organization Faces Bankruptcy as Members Flee


And these reports don’t even mention the unrepayable $400,000,000 in debt secured for the boondoogle Bechtel Summit, future home to the sex-and-beer party to be called “World Jamboree 2019.”


westernjournal.com

By Kara Pendleton
Published December 13, 2018 at 4:36pm

After making controversial decisions over the past few years, the Boy Scouts of America is now facing bankruptcy and a massive decline in membership.

The organization has “hired law firm Sidley Austin for assistance in a possible chapter 11 bankruptcy filing,” according to The Wall Street Journal.

The Daily Caller reported that at its peak, the organization had a membership of approximately 4 million. Now that number has dropped to an estimated 2.3 million. The controversy the organization has faced in recent years and legal costs for sexual abuse lawsuits are both believed to be factors in the decline.

The trouble may have begun in 2013 when the organization decided to allow openly gay boys to join the ranks. From there, the changes continued to bring outrage across America.

In 2015, the Boy Scouts of America lifted the ban on openly gay scout leaders. In 2017, the changes continued and transgender boys were allowed to be members.

TRENDING: James Woods Uses Ocasio-Cortez’s Own Words Against Her To Trash All-Inclusive Boy Scouts

Boy Scouts of America lifts nationwide ban on gay leaders, @AllenSchauffler reportshttps://t.co/WpcUgku62M

— Al Jazeera America (@ajam) July 28, 2015

For the first time ever, transgender boys can join The Boy Scouts of America. pic.twitter.com/tNu5UjdsCm

— Stitch (@watchstitch) January 31, 2017

Girls were allowed in the program in 2018 — despite the fact that they have their own Girl Scouts program. The new program was given the “gender-neutral name” of Scouts BSA.

The Boy Scouts of America are getting a new name as girls join the program https://t.co/QfuJzZZZJU pic.twitter.com/hNGivgiwj5

— TIME (@TIME) May 3, 2018

Continue reading “Liberalism Catches Up with Boy Scouts. Organization Faces Bankruptcy as Members Flee”

COED KILLS: Leftist Ideology and the Corruption of the American Military


by William Boyd

Liberal ideology holds the American military in a vice grip, squeezing the very lifeblood of warlike virtue from its veins. Nowhere is this spiritual corrosion more evident than in the integration of women into our armed forces. Like the Marxists before them, the contemporary Left dismisses reality out of hand. “Nature we will teach—and freedom we will reach.”

Winning wars be damned.

What follows is a compendium of my own personal observations as a Marine Corps officer, as well as an exploration of official policies that reveal the Leftist corruption of our military institutions.

Continue reading “COED KILLS: Leftist Ideology and the Corruption of the American Military”

UK: First they came for the boy scouts . . .


I wish this was a joke but it is not. The UK armed services have taken leave of their senses and deserves the invasion and conquering that waits for it.

The Royal Boy Scouts Association was destroyed ca 1968 and girls were forced on it without consulting the British public. Within a few years, British “scouting” membership plummeted.

 

Of note, the single-sex Girl Guides stabilized and avoided the worst of the post-war Baby Bust years.

But the effect on British manhood was the final straw. Two world wars literally decimated two generations of men, sacrificing the best and brightest before they could produce children. The remaining K-Selected boys of Britain in the post-war years we able to learn masculinity in the boy scouts. But since the Seventies there has been no actual boy scouting in Britain.

What’s a red blooded Englishman to do?  Join the service?

Hell no.

BEND OVER, LIMEY. HERE IT COMES AGAIN.

Not A Parody – British Army Recruitment Posters Reflect How Far the U.K. Has Fallen…

Former British Prime Minister Winston S Churchill famously said: “It is not enough that we do our best; sometimes we must do what is required.”  Perhaps, in an ironic way, that is exactly what the British Army are doing as they reveal an ad campaign to recruit the finest young men and women the U.K. has for military service:

This is not a parody; these recruitment posters are very real. The stereotypical traits of British Millennials are accepted as the standard and re-branded as strengths.

The indulgent trait of self-centeredness becomes “self-belief;” the generational obsession with phones and gadgets becomes “focus”; and those with a propensity for compulsive selfie-taking are now cast with internal “confidence.”

Yes, the British Army have officially accepted that a generation where everyone deserves a trophy is now the first line of national defense; and thus recruitment efforts need to be modified accordingly.

Despite my notation promising this is not a parody, I am quite sure there are reasonably grounded people reviewing this who would nevertheless believe this has to be a joke.

It’s not.

Swear.

This is very, very, disturbingly real. [See Daily Mail]  There’s even a highly produced set of broadcast commercials to support the recruitment campaign.

Great Britain has come a long way from Winston Churchill…

“Success is not final, failure is not fatal: it is the courage to continue that counts.”

— Winston S. Churchill

Liberalism Bankrupts the Boy Scouts // The American Spectator


Liberalism is a parasite that kills its host.

spectator.org

Liberalism Bankrupts the Boy Scouts

George Neumayr

The other day President Trump called Rex Tillerson “dumb as a rock.” That was payback for an interview in which his former Secretary of State called Trump undisciplined and a poor study. Trump had selected Tillerson for the job based in part on the recommendation of Robert Gates, Obama’s Secretary of Defense, according to press reports. Gates and Tillerson knew each other largely from the Boy Scouts, where they both held leadership positions during its transition from a traditional organization to a politically correct one.

As president of the Boy Scouts, Gates had endorsed the adoption of the LGBT agenda, urging the organization to succumb to the demands of its critics. He cast adherence to Christian principles, not their betrayal, as the real threat to the organization’s future.

“The status quo in our movement’s membership standards cannot be sustained,” he said. Don’t resist “the social, political and judicial changes taking place in our country,” he argued. Shamefully, Gates presented his counsel of capitulation under the guise of dutifulness, putting a perverse spin on the Boy Scouts code: “Our oath calls upon us to do our duty to God and country. The country is changing, and we are increasingly at odds with the legal landscape at both the state and federal levels. And, as a movement, we find ourselves with a policy more than a few of our church sponsors reject, thus placing Scouting between a boy and his church.”

Tillerson, who served as president of the Boy Scouts a couple of years before Gates, laid the groundwork for this capitulation. He said that embracing the new PC morality would allow the Boy Scouts to “serve more youth.”

What did it profit the Boy Scouts to gain the PC world and lose its soul? Judges may have to put a figure on it. According to press reports this week, the Boy Scouts organization, reeling from costly homosexual abuse lawsuits, is “considering” bankruptcy. Adding to its woes is that membership has “dwindled.”

Continue reading “Liberalism Bankrupts the Boy Scouts // The American Spectator”