(Irving, TX) — The Boy Scouts of America is considering filing for bankruptcy because of sexual abuse lawsuits filed against the organization.
The Wall Street Journal reports the organization sent a letter to its employees saying it would explore all options in keeping the youth group going. The Irving based organization says it’s seen a significant drop in membership from its high in the 1970s. Last year BSA spent more than $7.6 million dollars on lawyers, because of its ongoing legal battles.
The Journal reports the Boy Scouts have hired a Chapter 11 bankruptcy firm as it considers future steps.