Claimants and insurers say too little information about BSA Ch. 11 Plan

By Rick Archer (September 22, 2021, 10:23 p.m. EDT) – Asylum seekers and insurers told a Delaware bankruptcy judge on Wednesday that the Boy Scouts of America failed to adequately explain several parts of his proposed plan for Chapter 11, including nearly $ 1.4 billion in recent settlements and how troop sponsors will be treated.

The second day-long virtual hearing on the disclosure statement of the BSA’s proposed bankruptcy plan also saw objections raised on topics ranging from estimates of claims to appointments of trustees and insurance companies accused of trying. to block the deal to their own advantage.

The Boy Scouts filed for Chapter 11 protection in February 2020, citing a growing number of sexual abuse …

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