The NRA’s attempt at declaring bankruptcy in its bid to leave New York state for Texas has been dismissed, putting the Second Amendment rights organization at risk of “complete and total shutdown” by New York’s attorney general.
What are the details?
The NRA filed for Chapter 11 bankruptcy in January, explaining in a news release that its aim was to “restructure the Association as a Texas nonprofit to exit what it believes is a corrupt political and regulatory environment in New York.”
Months earlier, New York Attorney General Letitia James (D) sued the organization in an attempt to dissolve it entirely over allegations of fraud and misuse of donor funds.
But a judge on Tuesday dismissed the NRA’s bankruptcy case, “finding that the NRA was just using the bankruptcy as a vehicle to avoid” James’ “attempt to dissolve it for alleged corruption,” NPR‘s Tim Mak reported.
Mak went on to report that in a media call following the news, James said that she will press forward for a 2022 trial against the NRA, where she is seeking the removal of CEO Wayne La Pierre and dissolution of the organization, along with restitution and penalties.
Stephen Gutowski, firearms reporter and founder of TheReload wrote after the the bankruptcy dismissal, “The complete and total shutdown of the NRA is now more likely than ever.”
Gutowsky explained:
The NRA’s bankruptcy strategy was conceived by CEO Wayne LaPierre and outside counsel Bill Brewer, without input from the NRA’s full board, as a way to protect the group from dissolution by James. But it was considered a long shot by experts from the beginning with many, including Howard University bankruptcy expert Matthew Bruckner, explicitly calling it a “Hail Mary” maneuver.
Following the judge’s dismissal, La Pierre issued the following statement:
“The NRA remains committed to its members and our plan for the future. Although we are disappointed in some aspects of the decision, there is no change in the overall direction of our Association, its programs, or its Second Amendment advocacy.
Today is ultimately about our members — those who stand courageously with the NRA in defense of constitutional freedom. We remain an independent organization that can chart its own course, even as we remain in New York to confront our adversaries. The NRA will keep fighting, as we’ve done for 150 years.“
The NRA further noted that the court found the organization could still make its move to Texas without a bankruptcy filing. The organization also vowed to continue fighting against James, who previously called the NRA a “criminal enterprise” and a “terrorist organization.”
The jungle judge in NY is only following orders….that judge is a mockery of the judicial system and needs to be removed from the bench…
It’ll take a while, but if We the People(including me) don’t develop a backbone against the left’s corruptions, we will be facing gun-grabbers at our doors!! They already control the amount of ammunition we can buy and they are tightening down on that as we speak. I am open to hearing ideas for a solution. Just don’t board that train or drink the cool aide!
How is it that you see gun registration as the government wanting to take away your guns, but you don’t see driver registration and vehicle registration as the government wanting to take away your vehicles or permitting you to drive if you continue to drive responsibly?
What a dumb ass
Ive owned a registered gun for almost 40 years the intent of the registration was and is to make it finacually impossible for average people to own what ever gun is registered. they the government stoped the private sale and registration of new machine guns in 1985. if they do the same with all the 2000+ fps guns and simiautomatics the supply of legal guns will dry up and prices will sky rocket my 150$ plus 200$ tax stamp gun now sells for about 5000$ plus tax,
The second Amendment is a right protected by the constitution. It’s not a privilege, unlike driving a vehicle.
Owning a gun is a right and driving a car is a privilege two different things
Obviously, the Govt. has not openly vowed to take away our vehicles as they have our guns, for one. The main reason for vehicle registration is to collect taxes and fees to build and maintain roads and hiways. If you choose not to drive your vehicles on public roads and hiways, you’re not required to register them… If your vehicle doesn’t leave your property, you aren’t required to register it.
Owning and driving vehicles is not a civil right, guaranteed by the US Constitution. Similar to voting, freedom of speech, etc., etc.
You are comparing apples to oranges. Where in the Bill of Rights does it say you have a constitutional right to drive? That you must get a government license and registration to exercise that right?
I am a United States Vietnam Veteran, an N R A member and will continue to support and give to the N R A. I certainly do not need an attorney, who likely was not even born, when I proudly served this nation trying to control the organizations that I chose to support just because she does not like the political feelings of that those organization.
You mean nothing to me lady. If I were in trouble at some point in my life I certainly would not want you covering my back. You should be ashamed to call yourself an American. What a disgrace this nation has become.
Letitia James along with numerous AG and prosecutors in New York are a disgrace and do nothing but peddle injustice and loony Democrat party notions.
The NRA is a joke. I hope they fold. They’ve conceded to too much already. They’re supposed to fight everything thst violates the 2nd. Like any other corporation, the top is overfed and doesn’t do enough to protect the 2nd.
I kinda blame La Pierre and the rest of the NRA hierarchy for remaining in New York in the first place. How long have they known of the absolute adversarial politicians in that hell hole of a State? It was only a matter of time before those disgusting liberals would attempt to exact revenge for the success of the NRA. This country will be splitting in 2 or 3 in the very near future, count on it!
LaPierre is completely at fault. He is an idiot whose only concern is for his own enrichment. He has been PROVEN to have misused (stolen) funds for his own use. If the board doesn’t fire him it will be the end of the NRA. This once important and terribly needed organization will die from his incompetence and greed.
Wayne’s never gonna stop fighting for our right to keep…making him richer at the expense of the 2A.
If that’s true, why does the NY AG nag not just single him out for her actions? Because that would not shut the NRA down completely, which is her goal. This is a purely political left-wing attack, if any NRA executive was corrupt, she should be going after the perpetrators, not the entire entity.
Funny how the NY AG couldn’t find any of those corrupt banks executives, just fining the entire banks themselves (sometimes for crimes of other banks they were forced to merge with!)
the true fact is that every DemocRat in the SDNY is corrupt, every last one of them. How else do you describe someone who willingly joins the party of slavery, lynching, abusive taxation, eugenics, harboring Soviet agents, concentration camps for US citizens, 60+M abortions, abandoning allies and US hostages, and ‘open borders’ to aid their voting corruption?
Forget the bankruptcy.
Concentrate on moving to Texas.
Just get the hell out of New York.
Make that Job One.
The NRA, unlike ANTIFA, is truly an idea made up of over 5,000,000, individuals with an interest in arms (fire or otherwise). Someone incorporated the group(s) of individuals into an organization. The idea of the NRA, similar to freedom, will not be abolished, only the organization. In a short time, the idea will reincorporate, under a different name, and continue.
If James is such a crusader for justice, let her get rid of Cuomo for playing touchy-feely with women and killing 15,000 seniors with COVID in nursing homes. Stop hypocrisy.
New York will stop at nothing to take your guns worst state in the union to live in people leaving by the thousands