The Boy Scouts Bankruptcy
The Emily Show
Baker Media, LLC.
4.9 • 1.9K Ratings
🗓️ 26 February 2020
⏱️ 30 minutes
🧾️ Download transcript
Summary
Today’s episode is sponsored by Audible. For your TWO BOOK TRIAL check out www.audibletrial.com/getlegit . In this episode, I am talking about the Boy Scouts of America Bankruptcy. I cover what you need to know from the strategy behind Chapter 11, why this was an option for BSA the sexual assault allegations behind this decision and how the Catholic church paved the way for using Chapter 11 to settle lawsuits out of court while protecting assets.
You can find more information about the stories we talked about:
The Catholic Church's Strategy to Limit Payouts to Abuse Victims
The Boy Scouts of America Files for Chapter 11 Bankruptcy - Boy Scouts of America
Boy Scouts of America files for bankruptcy protection
If you want me to cover a particular story or situation please contact the show at [email protected]
Come hang with me on social! I basically live on Instagram @TheEmilyDBaker www.instagram.com/theemilydbaker
If you need help with your business you can find my products at www.GetLegitShop.com and my legal consulting at www.EmilyDBaker.com
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Transcript
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| 0:00.0 | You may have heard that the Boy Scouts of America filed for Chapter 11 bankruptcy. |
| 0:06.0 | So today we're going to be talking about what Chapter 11 bankruptcy is, |
| 0:10.0 | why they filed for Chapter 11 amid a massive amount of sexual abuse lawsuits and |
| 0:16.8 | what happened that allowed these lawsuits in the first place? |
| 0:21.6 | W Wanna know some shit? |
| 0:23.0 | Hang tight. |
| 0:24.0 | Hey there, this is Get Legit Law and Shit |
| 0:27.0 | and I'm Emily D Baker, |
| 0:28.0 | badass lawyer for online business. |
| 0:30.0 | I've been a licensed attorney for over 15 years and I'm a former prosecutor. So yeah, I know some shit and we're going to talk about the legal shit you need to know but don't worry this is not another boring business podcast. |
| 0:44.0 | So let's get started. |
| 0:45.2 | Before we get in to all of the details of today's episode, I want to take a moment to thank today's sponsor, audible. |
| 0:59.0 | You guys know how much I love audible. I talk about it all over my social media because |
| 1:06.1 | audio books are a game changer for me. I've mentioned in multiple episodes and |
| 1:11.6 | on social my oldest son and I are both dyslexic. So reading a |
| 1:16.7 | physical book can take a significant amount of time and effort for both of us. But listening to an audiobook is a |
| 1:24.4 | transportive and wonderful experience and we both remember the |
| 1:29.0 | information so much better when we hear it. If you enjoy listening to podcasts, you will love listening to audio books. The books on audible are so well performed. And if you're an audible member, |
| 1:43.5 | you also get all the audible extras every single month. |
| 1:46.8 | There's all these originals and really neatly performed stories. |
| 1:51.4 | It's just a lot of fun. Every year in January I listen to |
| 1:57.2 | Year of Yes by Shonda Rhymes. It is a brilliant story. It is empowering. It's uplifting. It's funny. It's in her own words. |
... |
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