Part Of Boy Scouts Bankruptcy Plan Approved

Dover, Del. (AP) – The judge handling the Irving, Texas based Boy Scouts of America bankruptcy has approved the BSA’s request to sell its warehouse and distribution center in North Carolina for roughly $13.5 million, then lease back the property from the buyer. The BSA wants to use some of the proceeds from the sale approved Friday as part of its contribution to a proposed $2.6 billion fund to compensate tens of thousands of men who claim they were sexually abused as children while involved in Scouting. After a month long trial, the judge continues to weigh whether she will approve the Boy Scouts’ reorganization plan. She noted Friday that the case presents a number of thorny issues she has not previously faced as a bankruptcy judge.