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Madison Square Boys & Girls Club filed Chapter 11 in SDNY as a 501(c)(3) nonprofit serving New York City youth through six clubhouses. The petition placed the debtor in the 1,000-5,000 creditor band, with estimated assets of $1.0 million-$10.0 million and estimated liabilities of $100.0 million-$500.0 million, a range the debtor tied to contingent, disputed and unliquidated litigation claims rather than admitted liquidated debt source filing. CFO Jeffrey Dold said the filing was designed to centralize and resolve roughly 140 pending sexual-abuse claims after New York Child Victims Act revival-window litigation named Madison in 86 actions involving 149 claimants, largely tied to Dr. Reginald Archibald and Rockefeller University source filing.
The early case posture was built around preserving operations while pushing a negotiated abuse-claim resolution. The U.S. Trustee appointed a seven-member official committee of unsecured creditors on July 13, and the court appointed Judge Shelley Chapman as mediator on July 21, setting a 90-day mediation framework for CVA-related disputes source filing source filing. By the January 12 hearing agenda, the debtor's second exclusivity extension was going forward uncontested after Rockefeller's objection was resolved, and the court later extended the exclusive plan-filing deadline to March 13, 2023 and solicitation exclusivity to May 12, 2023 source filing source filing.
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