Boy Scouts of America file for bankruptcy

The Boy Scouts of America, rocked by scandal and steadily declining membership, filed for Chapter 11 bankruptcy early Tuesday morning.

The move had been rumored for months, with the BSA facing roughly 300 lawsuits alleging sexual abuse by adult volunteers. Still, in a country largely shaped by Boy Scouts, it’s a storyline few would have predicted. Five former U.S. presidents were members. So were the Rev. Martin Luther King Jr., Atlanta Braves legend Hank Aaron and Microsoft co-founder Bill Gates. Its ranks also included tens of thousands of boys sexually abused by adult volunteers, according to an internal review by the organization. But those perpetrators were rarely held responsible.