NRA Files Bankruptcy. If it is Good Enough for Them. What About You?
3 months ago
Sometimes my posts about bankruptcy can come across as suggesting it is the only way to deal with financial problems. That is not my position.
I do make an effort to educate people about bankruptcy to make smart and informed decisions about what is right for them.
Understanding the reality of what bankruptcy is and means is an important effort to help people make clear choices.
On January 15, 2021, the National Rifle Association of America filed for bankruptcy protection. You can read the full Chapter 11 petition below.
KLKN-TV
NRA filing for bankruptcy, cites ‘toxic political environment’
Despite a pending bankrupt status, officials wrote in a press release that the organization remains financially strong.
January 15, 2021 3:48 pm
FAIRFAX, Va. (KLKN) Friday afternoon, the National Rifle Association of America (NRA) announces its plans to file for bankruptcy.
Officials say it will be restructured as a Texas nonprofit to “exit what it believes is a corrupt political and regulatory environment.”
Despite a pending bankrupt status, officials wrote in a press release that the organization remains financially strong.
The NRA will need court approval to incorporate the Association in the State of Texas.
NRA Leaves New York to Reincorporate in Texas, Announces New Strategic Plan. ALL reporting NRA unedited.
NRA Plans to Exit New York to Pursue Opportunity, Growth and Progress in Texas; Plan Benefits Association, Its Millions of Members, and All Supporters of the Second Amendment
Fairfax, VA – The National Rifle Association of America (“NRA”) today announced it will restructure the Association as a Texas nonprofit to exit what it believes is a corrupt political and regulatory environment in New York. The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York.
(CNN) — The National Rifle Association of America, the nation’s foremost gun lobby, has filed for voluntary bankruptcy in Texas, the organization said Friday. The group said it plans to leave New York and reincorporate as a Texas nonprofit, in an move it is calling “Project Freedom.” The NRA said it’s in its “strongest financial […]
NRA Leaves New York to Reincorporate in Texas, Announces New Strategic Plan Ammoland Inc. Posted on
National Rifle Association NRA
Fairfax, VA – -(AmmoLand.com)- The National Rifle Association of America (“NRA”) today announced it will restructure the Association as a Texas nonprofit to exit what it believes is a corrupt political and regulatory environment in New York. The move will enable long-term, sustainable growth and ensure the NRA’s continued success as the nation’s leading advocate for constitutional freedom – free from the toxic political environment of New York.
The NRA plan, which involves utilizing the protection of the bankruptcy court, has the Association dumping New York and organizing its legal and regulatory matters in an efficient forum. The move comes at a time when the NRA is in its strongest financial condition in years.