ABCUSA National Insurance Program | BSA Bankruptcy Announcement
As part of the ABCUSA, the ABCUSA National Insurance Program wants to keep you up to date on items that could have a direct impact on you.
On February 18th 2020 the Boy Scouts of America (the BSA) commenced Chapter 11 Bankruptcy. This was done to allow the organization to restructure and continue its operations while paying its debts over time. There are many instances where churches and ministries allowed BSA activities to take place on their premises, whether they charter a troop or simply permit gatherings or activities to take place. The deadline for filing any claims is November 16th 2020 at 5 PM EST.
Please take note of the LINK below. This document highlights a number of key items an organization might need to understand regarding its allowance of facility use to the BSA or its support/promotion of the BSA.
Sovereign recommends organizations consult legal counsel for information and guidance as it relates to the BSA. Some of the key, but not all inclusive, items to think about:
Did your organization charter, support or permit a BSA troop prior to February 18 2020?
Even if you have not received a claim arising out of BSA activities you may want to consider filing a General Proof of Claim to protect your organizations rights.
Does BSA owe your organization a debt arising before February 18 2020?
Has your organization received notice of a sexual abuse claim or other type of claim arising out of BSA activities on your premises or within a troop charted by your organization?
If you feel that your organization may have an issue that could arise to a claim, please visit the e-claim filing instructions link.
If you have any questions please let us know, but again please note that all claims must be filed PRIOR to November 16th 2020 at 5 PM EST.