So, basically, the lawyers are running up bills and trying to eat each other, so to speak while those of us that actually care are left in the wind without any real idea how to procede, other than to keep the local units running? Am I about right? As I have stated before; this would not likely be happening almost anywhere else in the world, as our legal/tort system is really messed up and cares only for the money involved. Just my old, and tired opininon of course.
My troop was planning to do Sea Base 2022. We are skipping it under the assumption there will be no Sea Base by that point.
And our Philmont 2021 trip is the Philmont 2020 trip that got postponed, otherwise we were not planning on doing any HA. We even debated this; when Philmont cancelled last year they offered a full refund. The families involved said they were willing to take the risk that Phimont would NOT be liquidated by July 2021.
The Troop is starting to plan for this trip. With all the uncertainty about the BSA's future, if we pay a reservation deposit and maybe even a few payments what happens if there is a liquidation before our trip. Is the money lost?
There has been no agreement as to what is minimally required to allow the BSA to continue to operate/function and I would further say the sides are far apart.
After nearly a year of Chapter 11:
1. There are ongoing asset evaluations by both sides , however, there has been no ruling whether local Council assets are on the table.
2. Insurance responsibility (payouts) remains a question.
3. There is a complete creditor list (guess who is at top of the list)
4. There is a bounded victim list (95,000 which is far more than estimated) though not yet verified.
5. As I recall, the BSA has a May deadline to present their restructuring plan to the Court.
As to the disposition of BSA pensions and health plans in this bankruptcy, that remains to be seen.
My $0.01 for rambling,