The Boy Scouts of America has filed for bankruptcy, a sign of the century-old organization’s financial instability as it faces some 300 lawsuits from men who say they were sexually abused as Scouts.

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

Amid high-profile sexual abuse scandals in organizations from the Catholic Church to USA Gymnastics, some states have changed their laws to allow more time for victims of sexual abuse to sue their perpetrators. That has brought a wave of new lawsuits from victims whose cases were prevented previously by statutes of limitations.

“For years, organizations like the Boy Scouts counted on these laws protecting them,” says Paul Mones, an attorney in Los Angeles who is representing many men who are suing the Boy Scouts. “Now those laws are not there, and the Boy Scouts have fallen under their own weight of these abuse allegations and the potential cases that will be filed.”

In a statement to NPR prior to filing for bankruptcy, the Boy Scouts of America said it was “exploring all options available so we can live up to our social and moral responsibility to equitably compensate victims who suffered abuse during their time in Scouting, while also ensuring that we carry out our mission to serve youth, families and local communities through our programs. No decisions have been made and we continue to fully meet our financial obligations to our vendors, creditors and other stakeholders.”