NRA Bankruptcy case dismissed...

[awalker1829]

The judge assigned to the bankruptcy case has dismissed it without prejudice. "The question the court is faced with is whether the existential threat facing the NRA is the type of threat that the Bankruptcy Code is meant to protect against," Hale wrote. "The court believes it is not."

While the NRA could file again in that court, the judge said that the problems identified in its operation could result in the appointment of a trustee to oversee its affairs. For now, this effectively stops the NRA from incorporating in Texas, leaving them to deal with the New York Attorney General in the New York case. From previous information, Wayne La Pierre testified that he filed for Chapter 11 on behalf of the NRA because he feared the NY Attorney General would attempt to put the NRA in receivership. If that is in fact the case, it appears that the NRA may be boxed in-stay incorporated in New York and possibly be put in receivership or continue to attempt to incorporate in Texas and possibly face appointment of a trustee.

La Pierre made his bed, now he may well have to lie in it. By trying to keep the financial skeletons in the closet, he appears to have possibly painted the NRA into a corner.

[Darryl]

The judge assigned to the bankruptcy case has dismissed it without prejudice. "The question the court is faced with is whether the existential threat facing the NRA is the type of threat that the Bankruptcy Code is meant to protect against," Hale wrote. "The court believes it is not."

While the NRA could file again in that court, the judge said that the problems identified in its operation could result in the appointment of a trustee to oversee its affairs. For now, this effectively stops the NRA from incorporating in Texas, leaving them to deal with the New York Attorney General in the New York case. From previous information, Wayne La Pierre testified that he filed for Chapter 11 on behalf of the NRA because he feared the NY Attorney General would attempt to put the NRA in receivership. If that is in fact the case, it appears that the NRA may be boxed in-stay incorporated in New York and possibly be put in receivership or continue to attempt to incorporate in Texas and possibly face appointment of a trustee.

La Pierre made his bed, now he may well have to lie in it. By trying to keep the financial skeletons in the closet, he appears to have possibly painted the NRA into a corner.

Yeah, that would serve the members of the NRA (which remember, are the NRA) and the public better off by NY assigning a Trustee to oversee the NRA. Do you think the members of the NRA would for a second allow NY liberals to assign a "Trustee". I think maybe they would just fold the NRA up. There are other "better" organizations out there anyway.

Here is Calif, NRA is all but none existent. We all back CPRA (California Pistol and Rifle Association) who seem to have their "stuff" together. Without which we would be in the toilet. And when I say "all of us" in would include all of the USA.
They fight all the way to the Supreme court. In fact, they are helping NY with their court case.

Darryl

[awalker1829]

I stopped giving to the NRA after Wayne pushed Ollie North out of the president’s position and installed his person in that position. The infighting and departure of certain board members that followed was the last straw. I currently sit on the board of a non profit educational corporation and have enough experience to spot red flags. I’ve seen organizations run into the ground by boards that were not properly run, usually with one person manipulating the board. What made me really smell a rat was when they disinvited USCCA as an exhibitor at their convention and offered their Carry Guard insurance, which the NY AG tore to shreds. That smacked of a money grab.

As for other groups, I joined Gun Owens of America and National Association for Gun Rights and give to them. For the record, NY would be looking to put the NRA in the hands of a receiver-the Texas judge was the one who suggested that he might assign a trustee if the NRA refiles their bankruptcy there. So far, they appear to be using their contributions to lobby-not paying for expensive clothes or homes for their leaders.

I think that the bankruptcy case is dead. I’ve worked in the courts and worked with judges directly long enough to learn to read the legal tea leafs-if the judge says that the problems could result in the appointment of a trustee if they refile, that translates to near certainty that that will happen if they refile.

[SA1911a1]

Old Wayne has run the NRA with the Mel Brooks philosophy, "It's good to be da king."

[awalker1829]

CPRA fights the battles in CA to tamp things down before they can get to other states. IIRC, Gun Owners of America has some tie in with CPRA. They promote themselves as the "no negotiation" alternative to the NRA.