NRA Files for Bankruptcy

[RPK0620]

https://www.forbes.com/sites/nicholasreimann/2021/01/15/the-nra-files-for-bankruptcy/?sh=394916d17962

[Haskell_Hunter]

This is a tactical move on their point.  By filing for Chapter 13 they are restructuring their debt, and it also shields them from court cases.  In this case, it gets the NY Attorney General off of their backs, and they can move to Texas with very little headache...like most people are already doing.

The NRA has enough funds, this is a strategic legal move.

[sxs]

10 minutes ago, Haskell_Hunter said:

This is a tactical move on their point.  By filing for Chapter 13 they are restructuring their debt, and it also shields them from court cases.  In this case, it gets the NY Attorney General off of their backs, and they can move to Texas with very little headache...like most people are already doing.

The NRA has enough funds, this is a strategic legal move.

RIGHT ON THE MONEY......NO PUN INTENDED

[Zone50BugNerd]

Strategic yes, a guarantee no.  Filing is one thing, finding a 2A friendly judge to be on their side is another.  Moving the operation to Texas doesn’t assure them success.  
 

I stopped sending the NRA my money a few years ago.  Had a hard time quantifying where my money was going and how they were spending it.  IMO they need new leadership, then I may revisit membership.  

[Jim_]

Quote

... and it also shields them from court cases. ...

We'll see how this washes out at the end. Maybe I wouldn't mind a "restitution" check. 

I've sent a lot of money to the NRA over the decades, not just membership fees but also additional annual contributions to NRA-ILA. 

I'm not interested in their "We're moving to Gun Loving Texas!" b.s.    Get rid of LaPierre & others, restructure,  and restore confidence and honor in the organization. 

 

Edited January 16, 2021 by Jim_

[mikejd]

Good move on there part. Big up hill battles ahead. 

[Farmshine]

 

Is this the same Jim that supported Biden?


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[Farmshine]

Q

[bushden]

3 hours ago, Zone50BugNerd said:

Strategic yes, a guarantee no.  Filing is one thing, finding a 2A friendly judge to be on their side is another.  Moving the operation to Texas doesn’t assure them success.

They could wind up note in the history books, you never know what the judge will do, but I do think and hope the will survive, everything in NY is TOOOOO expensive.

[Bowhunter458]

I am a Patron Life member, I'm one not happy with the inner struggles and supposed financial woes and mismanagement of the NRA.

[birdshotnj]

Benefactor Life member, and I haven't sent them a red cent in a very long time. They need some young blood

[Bojaffa]

The NRA is still a big player for protecting the 2A. If they go by the wayside what other Pro2A organizations are out there to join? Maybe gun owners need to support a new platform. 

[Merkel]

Life member and certified SG and Rifle Instructor here..... Filing chapter 11 was strategic to screw Letitia James the NY AG. According to the WSJ, she is trying to dissolve the NRA for allegedly violating  NYS nonprofit laws by “diverting tens of millions of dollars through excessive expenses and contracts that benefitted relatives and close associates.” Smart move by the NRA the court may not find their petition for bankruptcy has legitimate purpose. “There is no obvious reorganizational purpose.” Will be interesting but gotta love the NRAs strike first move. 

[BowhunterNJ]

[Woodsman416]

I'm not so naive to believe the NRA  and it's leadership is without blemish but when I read and hear the stories of their vagaries I consider the source.