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There was a great article December on the bankruptcy and it's costs. Some great quotes in it. https://news.yahoo.com/big-winners-boy-scouts-bankruptcy-100024259.html * UCLA law professor calling the whole bankruptcy system corrupt. * BSA fees 40% projected compared to Enron's 3%. * BSA administrative bankruptcy cost is over $200m. Remaining funds is approx $200m also.

Agree, I really don't see why they can't make progress on those two non monetary facets. I may have some skepticism about the merits of the individual YP proposals: independent audits, universal background checks, more survivors on the board, etc., but as someone in the field running units, none of those things would be backbreakers, and we could learn to live with all of them. The independence of the settlement trust seems really easy, after all, how much does BSA care who's distributing money that no longer belongs to them. My best guess is that the bankruptcy specialist lawyers

In October 2017 I picked my son up at school. He informed me he wanted to join Cub Scouts. So, we got him signed and then they got me signed up. 🤣 This weekend he is going alone on his first Troop campus. How did that happen??

In some parts of the world, the only bankruptcy is essentially CH7. You can't pay your bills, fine, appoint a trustee, sell off everything and pay your creditors. 1) It probably makes you a bit more careful about taking on excess debt ... something I think US non profits and businesses seem to ignore. 2) Not much money to be made by lawyers. Watching this, I tend to think those other countries have it right.

Yep. It happens. The Cub that wanted to build a bird feeder is now driving his own Freightliner. Give him opportunities, not instructions.

What sort of people are qualified to do this work? It's a straight up question. I'm ig'nrnt. Also, why in the world would I want someone else's attorney(s) or their handpicked folk advising a Settlement Trustee on how to pay me (or not)? Another honest question. As with this tight cadre of high-level bankruptcy attorneys and professionals, is there a short list of these peeps milling around in a Delaware hotel ballroom somewhere? If so, I'd rather look in the bar or select from the honorable staff members taking care of guests. This industry is a quagmire.

I tried to post this earlier with a nice, long intro. It was so good I can't replicate. Anyway, this is worth a read for any who want to brave the dark waters to better understand the survivors in your midst. I have said this before but not for a good while. I'll repeat it now. I (we?) greatly value this forum, platform and conversation. I continue to be grateful for the outlet, even on the occasions I feel somewhat less than resoundingly welcomed. I know when I abruptly came out of lurking and chimed in many moons ago, I interrupted your Scouter conversation. In the overwhelming majorit

Wed, Jan 12 7:30 P.M. "An old Scout named Willem Lange spends a weekend at the annual Klondike Derby at Camp Carpenter in Manchester, where Boy Scouts from around NH demonstrate their winter skills. Willem tags along with two teams patrols of Scouts (Dynamite and Fellowship) as they compete in a series of events that challenge their skills, including building a fire, ice rescue, first aid and hypothermia treatment, and using a compass. He also finds out what Scouting means to those at the event, young and old." Link to a page with a good Klondike video ( Episode 705, about

What I find interesting is that TCC, long ago, argued that they should go to district court to calculate damages and determine what claimants are owed. BSA pushed back hard, said there wasn't time, there is no need (as this is bankruptcy so they wouldn't have enough anyway), etc. I AM SHOCKED that BSA is now apparently claiming the opposite. I don't have experience here ... but if I were the TCC I would say this is now a critical decision that must be decided in district court. BSA may have exposed their flank. This reminds me once when I responded to a European regulator with a 3

And please, for the love of all that is Scouting, make him pack his own gear! You can go through the Scout Handbook checklist with him to guide him, but please make him pack it. And starting today, after school & homework, have him gather at least about a third of his stuff ... if he waits until the last minute (Friday after school) , there will be problems for both of you. Windy and chilly in your area this weekend. Lows in the high 20's. Hats, gloves, and layers are a must. Don't know if you two are used to those temps. Is his sleeping bag good for that? And a final tric

I doubt Prof Eric Green will officially become the Settlement Trustee. https://mediatbankry.com/2021/12/14/mediation-privilege-for-a-proposed-but-not-actual-mediator-in-re-boy-scouts/

Boy Scouts Says Abuse Claims Likely to Be Paid in Full, With Lowered Liability Estimates - WSJ Prof. Jacoby says there are two issues with BSA's statement: 1) Valuation ... is BSA correct in their valuation? 2) Trust administration ... even with a $3B trust (if it hits that number) there are trust admin fees and costs that means that $3B will not all go to claimants.

I don't think BSA cares; however, here is what they put in the plan. Why? Green is well connected to BSA's law firm. The Coalition is clearly the group trying to get the plan passed.

I believe many COs filed claims and fall under Class 9. It could be a ballot to vote.

I'm going to risk reposting this here, though it appears elsewhere on a newly created thread. I would appreciate being allowed to say this on one of the most active threads. It means a lot to me and is relevant to all things BSA Chapter 11 as concerns Scouters and survivors engaged in conversation. My previous post reads thusly: "I have said this before but not for a good while. I'll repeat it now. I (we?) greatly value this forum, platform and conversation. I continue to be grateful for the outlet, even on the occasions I feel somewhat less than resoundingly welcomed. I know when I abrup

Thank you for posting the link. It was informative.