NRA and LaPierreâs Fate Lies in Hands of Texas Bankruptcy Judge May 09 2021, 2:05 AM May 08 2021, 6:30 PM May 09 2021, 2:05 AM (Bloomberg) -- The National Rifle Association, long a feared power broker, will learn its fate next week in a court ruling that could hobble the gun rights group and imperil the three-decade reign of its controversial boss, Wayne LaPierre. (Bloomberg) -- The National Rifle Association, long a feared power broker, will learn its fate next week in a court ruling that could hobble the gun rights group and imperil the three-decade reign of its controversial boss, Wayne LaPierre. The judge is weighing several options. He could let the NRAâs bankruptcy case go forward, giving the group a measure of refuge from a New York lawsuit that threatens its assets and even its existence. He could put the group under the control of a trustee, empowered to make decisions about its finances and its future. Or, in a highly unusual move, he could throw the NRA out of bankruptcy court altogether.