The Boy Scouts of America (BSA) filed for Chapter 11 bankruptcy protection early Tuesday after decades of sexual abuse claims within one of the country's largest youth organizations.

The petition, filed in Delaware bankruptcy court, halts the hundreds of lawsuits the BSA is facing that allege sexual misconduct by people within the 110-year-old organization over the years.

Sexual abuse settlements had reportedly strained the Boy Scouts' finances, with states passing laws last year so victims from long-ago abuse can sue for damages.

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Guess, no more ‘scouting’ for boys....