Eagle1993 2160 Posted October 11, 2021 Share Posted October 11, 2021 (edited) There are many different bankruptcy topics in this forum so we wanted to help map out the various topics below. If you find more to add, send a DM and we can add. Current active discussion regarding the latest on the Chapter 11 case: https://www.scouter.com/topic/32791-chapter-11-announced-part-6-plan-50tcc-plan-tbd/ Active discussion about the bankruptcy and various impacts outside the legal case: https://www.scouter.com/topic/32769-bankruptcy-everything-but-the-legalese/ Discussion about former youth protection director and concerns about BSA: https://www.scouter.com/topic/32828-former-youth-protection-director-on-the-dangers-in-scouts-bsa/page/3/?tab=comments#comment-534495 Message to abuse survivors: https://www.scouter.com/topic/32626-to-the-abuse-survivors/ List of camps/properties lost to bankruptcy: https://www.scouter.com/topic/32538-bankruptcy-losses/ Discussion on council camps as part of the mission of the BSA https://www.scouter.com/topic/32825-council-camps-as-part-of-the-mission-of-bsa/page/2/?tab=comments#comment-534392 Youth Protection changes in the TCC proposal: https://www.scouter.com/topic/32814-ypt-changes-in-tcc-proposal/ Statement by the UMC: https://www.scouter.com/topic/32795-statement-by-the-united-methodist-church/ Bankruptcy rift with religious partners: https://www.scouter.com/topic/32802-boy-scouts-bankruptcy-creates-rift-with-religious-partners/ Prior bankruptcy threads (locked, but can be viewed for background discussions) https://www.scouter.com/topic/32751-chapter-11-announced-part-5-rsa-ruling/ https://www.scouter.com/topic/32676-chapter-11-announced-part-4-revised-plan/ https://www.scouter.com/topic/32608-chapter-11-announced-part-3-bsas-toggle-plan/ https://www.scouter.com/topic/32556-chapter-11-announced-part-2-after-the-big-slow/ https://www.scouter.com/topic/31928-chapter-11-announced/ Edited October 12, 2021 by Eagle1993 1 2 Link to post Share on other sites
RememberSchiff 3663 Posted October 12, 2021 Share Posted October 12, 2021 (edited) Some casedoc links BSA Chapter 11 Bankruptcy Court Dockets (in order of most recent to first) with Search Documents tool https://cases.omniagentsolutions.com/documents?clientid=CsgAAncz%2b6Yclmvv9%2fq5CGybTGevZSjdVimQq9zQutqmTPHesk4PZDyfOOLxIiIwZjXomPlMZCo%3d&tagid=1153 Official Form 201: Voluntary Petition for Non-Individuals Filing for Bankruptcy, filed 2/18/2020 https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/799024_Boy Scouts of America - 20-10343.pdf Debtor (BSA) Information Brief (history of BSA program, youth protection, abuse claims, insurance), filed 2/18/2020 https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/799040_4.pdf "The BSA cannot continue to address abuse litigation in the tort system on a case-by-case basis. The BSA spent more than $150 million on settlements and legal and related professional costs from 2017 through 2019 alone. In addition to the unsustainable financial cost of continuing to engage in piecemeal litigation across the country, continuing this process will result in the risk of inconsistent judicial outcomes and inequitable treatment of victims. For these reasons, beginning in late 2018, the BSA, with assistance of legal and financial advisors, began to explore strategic options for achieving an equitable global resolution of abuse claims." Exhibit 1 Ad Hoc Committee of Local Councils members (8) on page 50. Exhibit 2 Warren Report, Volunteer Screening Database: An Empirical Review 1946-2016, Janet Warren, DSW and Univ. of Virginia professor on page 53 Warren Report, Volunteer Screening Database, Coding Manual (Appendix A) page 170 Warren Report, Volunteer Screening Database, Coder Reliability (Appendix B) page 244 Warren Report, Screen shot of Filtrum: Registration Screening Module (Appendix C) page 246 Warren Report, Complete Yearly presentation of Tabled Data (Appendix D) page 250 Exhibit 3 Proposed Confidentiality and Protective Order, page 257 Chapter 11 Reorganization Plan for BSA (Version 1.0, assets) filed 2/18/2020 https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/799102_20.pdf Exhibit A Trust Agreement - (blank -TBS) the agreement between the Debtors and the Victims Compensation Trustee governing the Victims Compensation Trust -page 70 Exhibit B Trust Distribution Procedures (blank - TBS)-page 71 Exhibit C Victims Compensation Trustee (blank-TBS) -page 72 Exhibit D Trust Advisory Committee (blank-TBS) -page 73 Exhibit E - Identified Property - page 74 Exhibit F - Local Councils - page 76 Exhibit G - Related Non-Debtor Entities - includes Arrow WV (Summit) , National BSA Foundation - page 80 Exhibit H - Local Council Trust Contributions (TBS) - page 82 Exhibit I - Charter Organizations Trust Contributions (TBS) - page 83 Exhibit J - Rejected Contracts Schedule (TBS) - page 84 Exhibit K Restated 2010 Bond Documents Exhibit L Restated 2012 Bond Documents Exhibit M Restated 2010 Credit Facility Documents Exhibit N Restated 2019 RCF Documents Exhibit O Summary of Exit Facility Terms Exhibit P - Reorganized Debtors and Officers (TBS) - page 90 Chapter 11 Reorganization Plan for BSA (Version 5.0, assets) filed 9/30/2021 https://casedocs.omniagentsolutions.com/cmsvol2/pub_47373/da60d7ce-df85-45e9-9737-4dd1a5d50014_6445.pdf Ballot Package 10/2021 Plan Recommendation Letter (Brown Rudnick - Vote to Accept) BSA Cover Letter Plan Summary and FAQ BSA Disclosure Statement [Docket No. 6445] BSA Disclosure Statement Correction (typo on page 253 of above) Solicitation Procedures Order (signed judge order approving content, procedures, and distribution of this packet and also the plan confirmation schedule) Confirmation Hearing Notice BALLOT Unsecured Creditors Committee Letter TCC Recommendation (Vote to Reject) Edited October 18, 2021 by RememberSchiff 1 1 1 Link to post Share on other sites
RememberSchiff 3663 Posted March 8, 2022 Share Posted March 8, 2022 (edited) On 9/23/2021 at 6:16 PM, RememberSchiff said: IMHO, BSA National will reach an inflection point where their legal expenses* exceed their victims' trust contribution before they run out of money. My $0.02, *legal expenses starting back in 2018 when BSA hired Sidley Austin ...it is no surprise that the mass tort trial lawyers are now in position— consistent with their sketchy shakedown playbook—to hold up the proceedings in exchange for a massive payday, that the costs of the proceedings themselves are skyrocketing, and that there is now a real risk that all of this will dilute the money available for the original victims whose claims were the impetus for the bankruptcy filing in the first place.[13] For example, recent reports are that the bill for the Boy Scouts’s professionals and those hired by the official creditors’ committees will be more than $205 million, which is approaching the size of the trust for survivors that has been part of ongoing settlement discussions. Experts have noted with alarm that the bills for lawyers and others in connection with the fraught proceedings are on a path to being more than 40% of the Boy Scouts of America’s self-reported assets, whereas in past mega-bankruptcies the fees are more like 2-3%, and certainly less than 10%. Source: The Harvard Journal of Law & Public Policy , March 7, 2022 Corporate Bankruptcy Gets A Shakedown From Mass Tort Trial Lawyers by Lawrence A. Friedman https://www.harvard-jlpp.com/corporate-bankruptcy-gets-a-shakedown-from-mass-tort-trial-lawyers-lawrence-a-friedman/ Also recommended commentary: Bankruptcy and the Boy Scouts by Michael Krauss https://www.forbes.com/sites/michaelkrauss/2022/03/08/bankruptcy-and-the-boy-scouts/?sh=314fea805093 Edited March 8, 2022 by RememberSchiff Link to post Share on other sites
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