An attorney representing over a thousand former Scouts calls the bankruptcy reorganization plan submitted by The Boy Scouts of America this week "woefully inadequate." Michael Pfau said the plan "is short on facts and frankly, short on money." (March 2)
MICHAEL PFAU: The Boy Scouts have been in bankruptcy for over a year. There's been very little progress made. And when they finally file a plan and disclosure statement, it is short on facts and, frankly, short on money.
The BSA and the local councils, based on their own tax records, have billions of dollars in assets. Some of them may be restricted, some may not. And they're offering $300 million, a fraction of that.
And if you read the language of the plan, they're saying they are going to try to obtain voluntary buy-in from the local councils. So they're not even ensuring that all the local councils will contribute. And it's just so woefully inadequate in that way.
You'll never make people whole again. I know that's a cliche, but it won't happen. But what you can do is deal with the abuse survivors compassionately and in a way that shows accountability. And that's what they're looking for.
The abuse survivor should have the final say. And doing it right means The Boy Scouts provide every last unrestricted asset they have to pay claims and then reorganize into a better organization.