In February 2020, the BSA, based in Irving, Texas, applied for bankruptcy protection after the majority of people sued the organization for sexual abuse.
The accusations multiplied when several US states passed laws that allow people, including adults, to file a lawsuit regarding something that happened several decades ago.
In total, about 82,500 allegations of sexual abuse have been registered.
850 million to victim fund
Under the recent judge-approved agreement, the national organization will contribute up to $ 250 million in cash and property to a fund for victims of child sexual abuse.
The local councils that run the day-to-day operations of Scout Troops will contribute $ 600 million.
In addition, all must transfer their insurance rights to the victim fund, and are thus released from future liability regarding abuse allegations, the AP states.
The ruling allows the BSA to proceed with a proposed reorganization plan, reports Reuters.
The boy scouts thus hope to be able to use the agreement as a springboard to get out of bankruptcy later this year.
Strong opposition
But despite a partially approved agreement, the organization still faces a number of objections to the disclosure.
Several opposing lawyers claim that the agreement does not provide complete information to creditors and leave too many unanswered questions about insurance and the treatment of local councils and sponsorship organizations.
They also believe that the voting procedure in connection with the revelations incorrectly excluded the valid cases of thousands of people due to statutes of limitations in various states.
The judge refused to grant a request that the BSA be required to pay millions of dollars in legal fees, including those representing the large number of victims of the abuse.