$2.46 billion reorganization plan for Boy Scouts approved

A $2.46 billion reorganization plan for the Boy Scouts of America was approved Thursday by a Delaware bankruptcy judge.

The plan, proposed by the BSA, would see the organization continue its operations while issuing compensation for the thousands alleging to have been sexually abused as scouts, according to multiple reports.

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Judge Laurie Selber Silverstein approved the proposal, and the decision is being reported as a milestone for the BSA, which is facing a slew of lawsuits relating to child sex abuse.

The proposal would see the BSA work with local councils, insurance companies, and sponsoring organizations to fund the compensation for survivors, a report noted.

The amount of money that the survivors will receive is going to be dependent on the factors of each case, according to lawyers representing the plaintiffs.

Over 80,000 men have filed claims, according to a report.

“Credit to the courageous survivors that this breakthrough in child and scouting safety has been achieved,” Jeff Anderson, an attorney, said.

While the majority of the $2.46 billion will go toward compensating survivors, a portion of the approved proposal will fund litigation.

It will require months for the plaintiffs to receive any of the funding, according to a report.

“We continue to be enormously grateful to the survivor community, whose bravery, patience, and willingness to share their experiences has been instrumental in the formation of this Plan,” the BSA said in a statement.

The needs of the survivors “will be ingrained in the BSA’s programming moving forward,” the organization said.

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Silberstein’s ruling now requires the sign-off from a federal district judge.