clbkbx
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Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/5ca0a357-0f66-45cc-a538-8124ae215111_13249.pdf -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
The insurance company filing says: the Bates calculation accepted by the Court reduced all claims with only one abuser by 90%… and the Trust is not doing that. I’m not at a computer so don’t have the link handy. -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
In light of the Liberty Mutual filing, I’ve been thinking about this post: The Bates approach being accepted really hung survivors out to dry. If implemented, unfortunately, the operative information needed to provide to the trust was not that the abuse happened, but that someone else was also abused by the same person. On par with the unfairness of the SOL. A dude with the worst abuse by one (known) abuser in a 10% state: $2.7MM reduced by 90% and then again by 90% receives $27k. I thought the SOL information was fairly detailed when people voted on the plan. That there could be a 90% reduction based on whether other (living) scouts put in a claim about the same person was not really apparent. Maybe this was the best way to maximize insurance coverage but it definitely seems unfair and unexplained. -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
A little late in the month... feels a bit of a slog at this point with all of the unknowns. November 1 update: average $588,121 per TDP claim... again, about the same for the last few months but steadily rising (for reference, it was $557,053 six months ago). For the TDP, 72% claims determined and 52% paid (30,413 paid) For the IRO, 58% claims determined and 27% paid (54 paid) The "paid" percentages include me this month! Thanks to my counsel, Jeff Anderson & Associates. The Trust has valued the paid-only claims so far at just about $18B (noting that, presumably and in some cases, confirmedly, the IRO determinations push this higher... this only accounts for the first $1MM of any IRO determination). If the mix remains similar through the remaining unpaid claims, the Trust would need $34B. With the SSS issues, hard to say if it does remain the same. Initially, I was going to note that 30% of disallowed claims were in the last quarter! But there were also a lot more claims determined, so the disallowed claims percentage only ticked up a litte (1.7%, from 1.4%) inching up to 1.7% of claims determined). I think reasonable bounds are $25-35B. I hope everyone is hanging in there and has a lovely Thanksgiving. -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
Hi @ThenNow, my attorney advised me to, and I did, sign B. We had a call and they walked me through it and I was able to ask questions about the other releases. -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
October 1 update: average $583,032 per TDP claim... about the same for the last few months but continues to go up. For the TDP, 71% claims determined and 47% paid (27,196 paid) For the IRO, 51% claims determined and 23% paid (42 paid) Claim determinations and payments just dropped off this month. Just for the Matrix, claims determined over the last three months: 2,782 - 2,198 - 1,727 and claims paid 2,325 - 3,851 - 1,242. There are now only 16,470 undetermined Matrix claims. If it's true SSS has 14,000 cases, and they are all being reviewed independently, there's not much more for the Trust to do on the determinations (less than 5% of additional claims to be determined) and would expected to be done in 1-2 months (again, other than SSS claims). An important milestone? The Trust has now paid more claimants than not (all in... Expedited, Matrix and IRO... individually they are at 93%, 47% and 23%, respectively). The Trust has valued (i.e., if all of the paid claims were paid at 100% instead of 1.5%) the paid-only claims so far at just about $16B. If the mix remains similar through the remaining unpaid claims, the Trust would need $34B. That total number seems more correct to me each month. The Trust has paid almost half of the Matrix claims and I don't think there will be great regional or FIFO variation at this point. A corollary to that would be that the SSS cases will have similar determinations (and similar amounts of fraud, etc.); basically that they boosted up some tiers but that once reviewed it will be a similar mix to what is already determined/paid. We are as ever guessing because the Trust is not very transparent. One thing I would like to know is the average time from a determination to payment. On fb, some have claimed long delays but I also know that I agonized over whether to sign the release for a few months. Once I did sign it, my lawyer indicated 4-6 weeks but that the Trust had only become slower recently. Can a lien check take that long? Do they even check every claim after requiring a certification? What else would they be processing? Getting the money out quickly should be a goal especially after a determination is made. -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
That is very frustrating and I'm sorry it wasn't the outcome you should have had. -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
Thanks. I didn't see that number in their recent email or the court filing. What prompted this question is the AVA email I saw posted on facebook guessed (estimated?) that they represented 5,000 claimants. It's getting near the end but that's a big difference in the unprocessed claims. -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
Hi @johnsch322, do you know the source for this number? -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
Wow. As of the last update, there were only 18,487 undetermined Matrix claims. So, somewhere around 3/4 of the remaining. -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
Please read anything at all about how much the BSA paid to lawyers... it's reported regularly to the Court and it isn't as you describe. There is a lot of consternation about lawyers fees for some Survivors, especially in SOL states. Those are the loudest voices because they are rightfully upset. But you don't hear too often from those that are pleased with their representation. So: I am well supported and represented by the lawyers at Jeff Anderson & Associates. I'm thankful for their counsel. They will be paid a contingency fee as we agreed at the beginning. -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
I think you meant to write: "Yeah that's the lawyers keeping the BSA on the hook. They're playing the BSA for more fee's and services." -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
Tron, below is a link from BSA's lawyers dated September 2nd of 2025 noting that there remains "litigation challenging BSA’s plan." Nothing says "done" like having an AM Law 50 firm write to the Supreme Court on your behalf. It could be over soon (as many hope it is) but it's not. https://www.supremecourt.gov/DocketPDF/25/25A256/373546/20250903151402603_BSA Letter Opposing Cert Extension 9-2-25.pdf It doesn't really matter what any of us think because there are multitudes (probably too many!) of lawyers and insurance professionals reviewing the coverage, making estimates and suing to have the insurance companies pay into the Trust. The real question is: why do you care? -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
Application (25A256) granted by Justice Alito extending the time to file until October 13, 2025. https://www.supremecourt.gov/search.aspx?filename=%2Fdocket%2Fdocketfiles%2Fhtml%2Fpublic%2F25a256.html&fbclid=IwY2xjawMm0cZleHRuA2FlbQIxMABicmlkETFFYlBoNkhpZHl5ak5kbHJKAR5YGWGLDra3MvxRb0nXuYd51tP03y05VcrD5g6fLhKKdONyLAsb6n_fliqikQ_aem_f0EmfLE88VRdFWLLxZBchg -
Chapter 11 announced - Part 14 - Plan Effective
clbkbx replied to MYCVAStory's topic in Issues & Politics
September 1 update: average $581,550 per TDP claim... about the same for the last few months but continues to go up. For the TDP, 68% claims determined and 45% paid (25,954 paid) For the IRO, 44% claims determined and 21% paid (42 paid) The additional TDP claims determined, 3,851 claims, is the highest per month in quite a while. The Trust has valued (i.e., if all of the paid claims were paid at 100% instead of 1.5%) the paid-only claims so far at $15B. If the mix remains similar through the remaining unpaid claims, the Trust would need $34B.
