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Boy Scouts' money struggles: Is bankruptcy an option?
Organization exploring 'all options'
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In this Feb. 4, 2013 file photo, shows a close up detail of a Boy Scout uniform worn during a news conference in front of the Boy Scouts of America headquarters in Irving, Texas. The Boy Scouts of America says it is exploring "all options" to address serious financial challenges, but is declining to confirm or deny a report that it may seek bankruptcy protection in the face of declining membership and sex-abuse litigation. - photo by Associated Press
NEW YORK — The Boy Scouts of America deflected questions about a report suggesting it is considering seeking bankruptcy protection, though the head of the organization said it is exploring "all options" as it tries to stay afloat while facing sexual abuse lawsuits and dwindling membership.
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