WebNRA files for bankruptcy, says it will reincorporate in Texas. They better be careful with their language of why they are filing chapter 11 protection. Although entities can file chapter 11 even if they are not technically insolvent and simply want to get ahead of litigation (e.g. Purdue Pharma, Catholic Dioceses, etc.).

NRA files for bankruptcy, says it will reincorporate in Texas

WebApr 11, 2024 · Mr. LaPierre is seeking to use bankruptcy to help reincorporate the N.R.A. in the more gun-friendly state of Texas, and has already repaid the N.R.A. about $300,000 … WebMay 12, 2024 · May 12, 2024 / 7:19 AM / MoneyWatch. A federal judge in Texas ruled Tuesday that the National Rifle Association cannot file for bankruptcy, a decision that … charpak fellowship

Is the NRA Going Bankrupt? Group Claims it Will Soon Be …

WebFeb 22, 2024 · The ad agency Ackerman McQueen, which claims to be the NRA's largest creditor, made a similar case in its motion to dismiss, accusing the NRA of filing for bankruptcy in "bad faith" as part of an ... WebApr 8, 2024 · National Rifle Association leader Wayne LaPierre acknowledged in court Wednesday that he did not inform most of the NRA's board before he pushed the gun organization into bankruptcy protection in January. LaPierre also conceded he should have disclosed his several free trips on a 108-foot luxury yacht owned by David McKenzie, a … WebMay 11, 2024 · In Rebuke to N.R.A., Federal Judge Dismisses Bankruptcy Case. The N.R.A. filed for bankruptcy this year as it sought to end run regulatory action in New … current time in bochum