Eagle1993

If you look at National Only ... proceeds from liquidation would be $497M. Then liquidation fees (lawyers, wind down costs, etc.) would be $48M Secured claims (JPM + Pension Termination Claim) would be $337M Employee and professional claims would be $69M That results in $42M for everyone. BSA predicts Abuse claims would be $36.5M best case. If you look at Councils ... proceeds would be $1.8B (that assumes 0 sales of restricted land and a 60% return on unrestricted) ... essentially, that in a flash sale, you won't get much value. Asset Value is actually $4.0B for L

I expect the high adventure bases (and other restricted assets) could take years. Even after that initial trial November 17th ... there will be appeals. I do hope that after that trial, it may then allow a negotiated settlement afterward ... though parties may wait until after a round of appeals. I don't plan on knowing if the HA bases remain within BSA until the end of 2022. We have decided to not go to BSA HA bases in 2022 and 2023 given the risk. Note that I expect similar battles at councils. The most valuable camp in the entire BSA appears to be this gem.. https://alpinescoutcam

More interesting tidbits. The BSA also included a possible liquidation analysis for 100% of local councils. Essentially, if the court agrees that all local councils would be liquidated if National must liquidate. The BSA is showing that essentially, the abuse claimants would get <$400M total between National and all LCs if the entire BSA was liquidated. That is their best case. So BSA is saying their current offer is better than what would be provided if the entire BSA is liquidated.

Some other interesting numbers from BSA's plan. Global Resolution estimate for # of youth members 2021 1,050,000 2022 994,000 2023 978,000 2024 984,000 2025 1,011,000 Toggle Plan estimate 2021 1,032,000 2022 911,000 2023 859,000 2024 866,000 2025 916,000

Schedule appears here... this will take the rest of the year, perhaps longer. https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/2e4fa3fc-bdfe-4582-9bac-60034eb0ef27_21.pdf May 28 - Disclosures due June 30 - Document Prodcution Jul 30 - Fact Discovery cut off Aug 20 - Expert Testimony Discovery Sept 24 - Expert Discovery cutoff Oct 8 - Dispositive deadline Nov 17 - Witness list Nov 17 - Pretrial Conference TBD - Trial

Per shared document... looks like updated HA base valuations. Philmont value... $153M Sea Base... $29M Northern Tier ... $8M Summit Note $43M The note from Summit is over $300M but they appraised Summit and looked at note and it’s value is only $43M.

There is a ton of info in this document. It includes a plan to continue to increase fees through 2025. Focus on increasing online programs for Cub Scouts. Targeting girls to increase membership. No Jambo in 2022. Financial data, etc. even those not interested in bankruptcy could find some info regarding the future of BSA.

Here is the file with all council assets detailed by the BSA. It also includes camp by camp value plus details how many claims are NOT time barred. Just search any council. BSA - Proposed Amended DS (omniagentsolutions.com)

Hearing to be held May 19th .. more info below. Link - May 19th hearing

I tend to agree; however, it does seems like the NY mediation was better than Miami. The TCC in their townhall was almost offended from the Miami interaction, but seemed more positive about NY. I don't expect it before May 19th, nor did they indicate they were close ... but perhaps they are making progress. One could hope.

Not good. But there may not be a choice. I'm sure BSA would love to provide protection to the CO/LCs ... but if the plan is rejected (either by the judge due to the long list of issues or votes) ... The only likely path is a National only settlement. Also, I am interested in the judge's take on the DOJ objection. It seems like the bankruptcy trustee from the DOJ believes that no settlement can be allowed legally that provides protection to COs or LCs (as they are non-debtors). I hope to learn more during the May 19th hearing.

Century Ins filed a motion to delay the hearing (due to BSA’s document dump yesterday). I hope the judge denies the request. We need this hearing so we can see the court rule on this proposal. Is it even close to good enough to go to a vote? What is the impact to this case from the DOJ objection? Time to make progress in court... no more delays.

@johnsch322 Welcome to Scouter.com.

I do not see anyone on this forum saying that. I see people comparing to other organizations to indicate BSA may be safer. I see comments that if BSA is closed, kids may actually be more at risk. That is not saying sex abuse is the cost of having BSA ... its the exact opposite. Now ... are these stat comparisons fair ... likely not. But I believe the clear intent is to understand how BSA's safety compares to other organizations with a clear goal of ensuring BSA is safer. I fully expect changes from this bankruptcy. I believe BSA has been too timid sometimes acting on

From the TCC Townhall, they did mention that there would be redactions.

There has been some discussions about BSA restricted assets and questions about a "trial" regarding these. This seems to be captured under a docket labeled Adversary 21-50032 (TCC Identified Property Action). https://cases.omniagentsolutions.com/documents?clientid=CsgAAncz%2b6Yclmvv9%2fq5CGybTGevZSjdVimQq9zQutqmTPHesk4PZDyfOOLxIiIwZjXomPlMZCo%3d&tagid=1250 This covers the following topics where BSA says the assets are restricted: Bank Account Cash - $39.9M LC Collateral - $62.8M General Investments - $81M Order of the Arrow - $7.4M Philmont, North

The plan will not be approved without changes to BSA's youth protection. The TCC was clear, they need at minimum, the amount from BSA as if they were liquidated + the YPT changes and release of all IVF (redactions as appropriate).

My understanding is that they are making the training better for mobile applications and updated some test questions. One of the councils had that info.

Just finished. A couple of newsy time things I heard. - I expected we could have guessed this, but TCC & the Coalition are working together on their proposal. - They have a good idea which camps have deed restrictions. For example, every camp BSA councils came up with as an example as deed protected, was not part of the TCC's settlement offer (they already excluded the camp). This is regarding LCs. - They will demand an outside party review and have authority to change BSA's Youth protection policies - They will start contacting each council next week to provide them

I'm going to follow up on this a bit. The $222.2M is what BSA owes JPM after the bankruptcy (assuming I added up the numbers listed in the following document: https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/886292_2594.pdf Now here is the interesting part. I don't believe this includes the loan Arrow WV has with JPM. Arrow WV owed JPM $323M at the end of 2018. I'm guessing BSA, I mean Arrow WV, paid another $15M or so over the next two years (same paydown rate). Lets say the paid $23M ... so Arrow WV has a $300M loan for Summit opened against JPM. https://projects

I think this is a good point ... One thing to remember, National BSA will walk away from this (given the current plan) in debt to JPM. It appears, based on what I can see, the total debt BSA will own JPM is $222.2M (when you add up each of the categories). It looks like that must be paid off in 10 years? ... I couldn't find a clear payment schedule. That is over $2M per month (assuming a <4% interest rate). With 1 million scouts, that is $24/year per scout. Now, there will be income from these properties ... but there is also maintenance, fees, salaries, etc. to support the pro

https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/85c0d0bc-0fd3-4dc3-ba84-3b94e5e1e475_2964.pdf If you look at unrestricted cash, I think they are in trouble. They have $61.7M as of end of April and now they will burn through this cash with little ongoing income (the charters are mostly in as are many HA base fees). Now .. .they also list they have unrestricted non cash liquidity and that gets them to $184M. $184 would buy them another year+. Then they have restricted funds ... perhaps those could be utilized.

This is a very interesting document. The insurance company makes a pretty interesting claim in here. Essentially, BSA is attempting to use the $1,500 payout to get the large number of people with false claims to vote for their bad plan. Essentially, no person with a valid claim would approve BSA's proposal ... so they want to keep the fake claims in the pool as those people would likely jump at the chance to take $1,500 and approve their plan. This could be the reason why BSA hasn't pushed back at the claims. Also, it appears there is some questionable tactics. I have heard the info

I expect this will be the outcome; however, that is still a rebuke of BSA. It means 0 chance of exiting by summer, so the ball is back in BSA's court. I'll be interested on what they say & do. I also think she does need to make a call about suing local councils/COs. If she doesn't, some state windows are closing soon and claimants may lose their right to sue. Finally, I expect a stern statement or two and some major finger wagging.

If BSA is being 100% truthful with you, me and claimants that they want to exit bankruptcy as quickly as possible this is not true. If we are to believe BSA that they will liquidate in September if they are still in bankruptcy, this is not true. Now, if those are simply bluffs and BSA can survive for 2-3 more years while going through bankruptcy, I agree. I think if BSA wants to keep their HA bases and continues to play the delay game, we are looking at years of bankruptcy trials. The only way BSA gets out quickly is surrendering the bases (or immediately proving they a