bankruptcy

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NEW YORK — The billions of dollars in coronavirus relief targeted at small businesses may not prevent many of them from ending up in bankruptcy court.

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Barraged by hundreds of sex-abuse lawsuits, the Boy Scouts of America filed for bankruptcy protection Tuesday in hopes of working out a potentially mammoth victim compensation plan that will allow the hallowed, 110-year-old organization to carry on.

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The number of bankruptcies in Hawaii rose for the second straight year in 2019, records showed.

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The number of bankruptcies filed in Hawaii last month marked the highest of any month since 2014, according to court records.

The number of Hawaii bankruptcy filings in May grew by double digits over the same month last year, the U.S. Bankruptcy Court District of Hawaii reported this week.

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Yesterday, the Catholic Church in Guam filed for bankruptcy. The assets of the archdiocese will go to pay off more than 200 victims in the child sex abuse and cover-up scandal that erupted three years ago.