Happy Trails Boys Scouts Of America!

Scout's honor. The Boy Scouts of America will file for bankruptcy in response to multiple lawsuits against children.

Once upon a time not long ago Donald J. Trump have went to the Boy Scouts Jamboree. He practically made it a stump speech about how great he is and how his predecessor ruined the economy and he turned it around.

I think I can remember Trump said that he wanted to "Make America Great Again."

Well looks like you can't get really much out of the Boy Scouts nowadays. The Boy Scouts of America has finally decided to file for chapter 11 bankruptcy.

The Great American Comeback right?

The century-old organizations faced numerous lawsuits from men who say they were sexually abused as Scouts.

The Boy Scouts had been exploring the possibility of bankruptcy since 2018, when the group hired a law firm for a possible Chapter 11 filing.

The Boy Scouts have faced sexual abuse claims. Not only them, it includes the Catholic Church to USA Gymnastics, states have changed their laws to allow more time for victims to sue their perpetrators and eliminate the statutes of limitations when it comes to claims about sexual abuse.

The national organization said they made the move to fairly compensate victims harmed during their time in scouting and to keep the 100-year old nonprofit running for years to come.

A Victims Compensation Trust will reportedly be set up during the bankruptcy process, which the organization says will provide "equitable compensation to victims."

"The BSA cares deeply about all victims of abuse and sincerely apologizes to anyone who was harmed during their time in Scouting. We are outraged that there have been times when individuals took advantage of our programs to harm innocent children," said Roger Mosby, president and chief executive officer of the BSA.

The national chapter of the Boy Scouts is going through a rough patch. Thanks to predators in uniform, many victims come forth suing the organization for years of abuse.

"While we know nothing can undo the tragic abuse that victims suffered, we believe the Chapter 11 process -- with the proposed Trust structure -- will provide equitable compensation to all victims while maintaining the BSA important mission," he added.

The bankruptcy petition reportedly listed the Boy Scouts' assets as between $1 and $10 billion, and its liabilities at $500 to $1 billion.

Trump went to West Virginia in 2017 to brag about his election victory. He took aim at Hillary Clinton and Barack Obama during his speech.

"You remember that incredible night with the maps," Trump said, noting that the maps were "so red it was unbelievable" and that the pundits who had expected a Clinton victory "didn't know what to say."