Boy Scouts of America consider filing for bankruptcy

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FILE – In this Feb. 4, 2013 file photo, shows a close up detail of a Boy Scout uniform worn during a news conference in front of the Boy Scouts of America headquarters in Irving, Texas. The Boy Scouts of America says it is exploring “all options” to address serious financial challenges, but is declining […]

The Boy Scouts of America is reportedly considering filing for bankruptcy.

According to the Wall Street Journal, The Scouts have hired a major law firm amid escalating costs tied to sex abuse allegations dating back to the 1960s.

Filing for bankruptcy could offer the non-profit a window to negotiate with people who sued.

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