NRA files for bankruptcy, says it will reincorporate in Texas

[Suck My Glock]

https://www.cnbc.com/2021/01/15/nra-fil ... texas.html

[slapiron]

Moving to a more gun friendly State makes sense

[HPMike800]

Maybe they will wasting so much money.

[AZ Husker]

If I weren't a life member for 30 years I'd never join again. The NRA was the big dog. Now most of their budget goes to the administration, who many folks even question their true loyalties.

[xerts1911]

Yeah the NRA still needs a major house cleaning

[Suck My Glock]

[smithers599]

The NRA said in a statement Friday that it is in its "strongest financial condition in years" and that it filed for bankruptcy protection to escape "a corrupt political and regulatory environment in New York."

That's wonderful news! I'm so glad to hear it!
In that case, they don't need any money from me.

[smithers599]

https://www.msn.com/en-us/money/compani ... r-BB1cOHMo

Dave Dell’Aquila, a former tech company boss who has donated more than $100,000 to the NRA, told the Guardian on Saturday he was preparing to lodge a complaint in US bankruptcy court in Dallas, Texas. If successful, it could stop top NRA executives discharging a substantial portion of the organisation’s debts.

It could also stop Wayne LaPierre, the NRA’s controversial longtime chief executive, avoiding ongoing lawsuits that allege he defrauded the pro-gun group’s members to pay for luxury travel to the Bahamas and Europe and high-end Zegna suits.

LaPierre has denied the allegations of financial impropriety, insisting in a letter to NRA members that the group is “well-governed, financially solvent and committed to good governance”.

Dell’Aquila’s complaint, likely to be brought within the next few weeks, would use a provision of the bankruptcy code to prevent the NRA from sidestepping more than $60m of debt on grounds it was improperly incurred. The law stipulates that debts acquired through malfeasance can be deemed by the court to be an exception to bankruptcy arrangements.

Speaking from his home in Nashville, Tennessee, Dell’Aquila said: “We intend to invoke this provision. We are going to ask the judge to determine that our claim was incurred as a result of fraud and should be deemed non-dischargeable.”