Boy Scouts of America considering filing for bankruptcy, reports say

The Boy Scouts of America are reportedly mulling filing for bankruptcy protection amid dwindling membership numbers and costly sex abuse allegations.

The leaders of one of the country’s largest youth organizations hired Chicago-based law firm Sidley Austin LLP for assistance with the potential Chapter 11 bankruptcy filing, sources told the Wall Street Journal.

The Boy Scouts sent a letter to employees Wednesday saying the organization plans to “explore all options available to ensure that local and national programming of the Boy Scouts of America continues uninterrupted.”

The organization – founded in 1910 – is currently facing a number of lawsuits alleging inappropriate conduct by employees or volunteers in incidents dating back to the 1960s.

By filing for bankruptcy protection, litigation against the organization would stop and BSA could negotiate with those who have sued, the WSJ reported.

Additionally, membership has fallen in recent years, despite boasting a current roster of more than 2.3 million youth members. It will, however, lose many of its members as the Church of Jesus Christ of Latter-day Saints – formerly one of the group’s largest sponsors – has said it will withdraw its more than 610,000 scouts from the Boy Scouts program.

The church, which said it will develop its own program for young men, has cited the organization’s decision to open some of its programs to girls and transgender boys as a reason to withdraw.