United States

Boy Scouts' bankruptcy plan follows similar path as USA Gymnastics and Catholic diocese

(CNN)The Boy Scouts of America's bankruptcy filing Tuesday puts it into similar company as almost two dozen US Catholic dioceses and USA Gymnastics.Each of the organizations faces scores of sexual abuse lawsuits that allege the organization failed to stop serial predators from abusing young children. And each has filed for Chapter 11 bankruptcy protection to figure out a way to pay those victims.Despite those broad similarities, there are differences in the scale of the lawsuits and abuse claims against each organization.Two bankruptcy experts told CNN the Boy Scouts case is somewhat closer to asbestos-related bankruptcies, such as for US Gypsum or Owens Corning. That's because the Boy Scouts, like in those cases, does not yet have a handl ...