NRA Runs to Texas But Perhaps Cannot Hide With Bankruptcy
Bloomberg 1/20/2021 Jeremy Hill, Steven Church and Alex Wolf
(Bloomberg) The National Rifle Association is about to find out what happens when its no-holds-barred embrace of the Second Amendment comes up against the U.S. Bankruptcy Code.
The group is seeking to sidestep New York’s regulators and the state’s fraud lawsuit by filing for bankruptcy in Dallas and moving to gun-friendly Texas, citing support for the right to bear arms. But the case filed last week may face a load of legal challenges at an initial court hearing Wednesday that could undermine the NRA’s plan or even add to its woes.