Madison Square Boys & Girls Club, Inc.

  1. July 28, 2023

    NY Youth Club Resolves Ch. 11 With $22M Abuse Claims Fund

    Madison Square Boys & Girls Club on Friday got the approval of a New York bankruptcy judge for its Chapter 11 plan, which establishes a $22 million trust to compensate more than 100 abuse claimants.

  2. July 17, 2023

    Manhattan Youth Club Reaches $150K Claim Deal In Ch. 11

    The Madison Square Boys & Girls Club told a New York bankruptcy judge Monday that it has reached a settlement with The Rockefeller University over sexual abuse claims in its Chapter 11 case, saying the college will pay $150,000 in exchange for a release of liability.

  3. October 14, 2022

    Alex Jones' Billion-Dollar Penance, Puerto Rico Prunes Debt

    Conspiracy theorist Alex Jones' podcast company is headed toward Chapter 11 mediation after a $965 million defamation damages judgment, Puerto Rico takes another step in restructuring the island's public debt, and the U.S. Supreme Court remanded issues over an increase in trustee fees to the Second Circuit. This is the week in bankruptcy.

  4. October 13, 2022

    Youth Club Creditors Get Week To Sort Out Old Insurance Row

    A New York bankruptcy judge on Thursday told creditors and insurers of the Madison Square Boys & Girls Club that they have a week to reach an agreement on the scope of discovery into what insurance policies might cover eight-decades-old sex abuse claims against the club.

  5. September 16, 2022

    NY Youth Club Facing Abuse Claims Seeks $11M Ch. 11 Loan

    The Madison Square Boys & Girls Club, which is facing more than a hundred sexual abuse claims, asked a New York bankruptcy judge Thursday for permission to take out $11 million in debtor-in-possession financing, saying it is nearly out of the cash it needs to stay open and to resolve the claims.

  6. August 11, 2022

    90-Day Deadline Set For NY Youth Club Ch. 11 Claims

    A New York bankruptcy judge Thursday approved a November deadline for claims in the Madison Square Boys & Girls Club's Chapter 11 case, as well as procedures for handling the sexual abuse allegations that sent the club into bankruptcy.

  7. July 13, 2022

    Crypto Issues Grow, Mediation Over Abuse OK'd In Ch. 11

    Liquidators were cleared to take discovery from the founders of foundering Three Arrows Capital, account holders of cryptocurrency broker Voyager Digital hold out hope for recovery, and mediation of sex abuse claims in the case of a New York youth club was approved. This is the week in bankruptcy.

  8. July 13, 2022

    NY Youth Club Gets OK To Mediate Abuse Claims In Ch. 11

    A New York bankruptcy judge Wednesday approved Madison Square Boys & Girls Club's request to appoint a mediator to try to settle dozens of sexual abuse claims, but held off entering the order to give unsecured creditors the chance to weigh in.

  9. July 07, 2022

    Crypto Winter Starts, Mediation Sought For Sex Abuse Claims

    The global collapse of cryptocurrency prices tipped two firms into bankruptcy, a New York youth club is seeking a quick mediation of sex abuse claims, and a pilot strike caused a Scandinavian airline to file for Chapter 11 earlier than expected. This is the week in bankruptcy.

  10. July 01, 2022

    New York Youth Club Targets Quick Ch. 11 Claim Mediation

    Madison Square Boys & Girls Club told a New York bankruptcy judge Friday that it wants to get going with mediation on nearly 150 sexual abuse claims as soon as possible to stave off a potential liquidation, which is likely absent a negotiated settlement.