The Boy Scouts of America says it is exploring "all options" to address serious financial challenges, but is declining to confirm or deny a Wall Street Journal report that it may seek bankruptcy protection in the face of declining membership and sex-abuse litigation. Chief Scout Executive Michael B. Surbaugh issued a statement on Wednesday, saying "I want to assure you that our daily mission will continue and that there are no imminent actions or immediate decisions expected." Surbaugh was responding to the Journal's report that the BSA, founded in 1910, had hired Chicago-based law firm Sidley Austin to assist in a possible chapter 11 bankruptcy filing. He described the report as "news speculation," but he acknowledged that the group is "working with experts to explore all options available" as well as the pressures arising from multiple lawsuits related to past instances of sexual abuse. This week's report comes as the Boy Scouts has also faced a drop in membership through the years —
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