NRA files Chapter 11 Bankruptcy

JoeSaturday · Jan 16, 2021

Does anyone know if this means anything negative with regard to membership status and magazine subscriptions?

Michigander08 · Jan 16, 2021

JoeSaturday said:
Does anyone know if this means anything negative with regard to membership status and magazine subscriptions?

I think it was just tactical move to stop the lawsuit in NY.

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“The NRA is not “bankrupt” or “going out of business.” The NRA is not insolvent. We are as financially strong as we have been in years,” he added.

No major changes are expected to how the group operates, the announcement added. The group’s headquarters remains in Fairfax, Virginia.

Michigander08 · Jan 16, 2021

JoeSaturday said:
Does anyone know if this means anything negative with regard to membership status and magazine subscriptions?

“The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas.”

Michigander08 · Jan 16, 2021

So it is a brouhaha about nothing.

Bob A · Jan 16, 2021

Michigander08 said:
So it is a brouhaha about nothing.

It's all gamesmanship.

Of course, sometimes the stakes in the game are mortal, but this isn't one of those.

Kharn · Jan 16, 2021

dist1646 said:
Seems like a business move to me. Remember Magpul moved out of Colorado and everyone applauded their decision. As for LaPierre, I do think it is time for a change there.

I hope the judge overseeing the reorganization requires he never grace the doors of the headquarters ever again.

ElGato · Jan 16, 2021

Occam said:
And for those of us in the Beltway area, they haven't yet decided whether or not to uproot some or all of their HQ operations in Fairfax, including the museum and range.

I was wondering about their range. Been thinking of paying a visit.

Doco Overboard · Jan 16, 2021

I wonder what they'll find in the basement when they clean out the building.
Hopefully some of those 1960's BRM pamphlets that they could spread around.

Bertfish · Jan 16, 2021

Sounds like I oughta go to the museum before it possibly moves. Live this close and have never been there

tall.guy88 · Jan 16, 2021

Im not really concerned about this. There are more gun owners in America than ever. We are not going away. NRA mismanaged their funds and organization for the last ten years. Im joining GOA soon.

Tomcat · Jan 16, 2021

The way I'm reading it, it's just a paperwork drill to un-incorporate in NY due to all the false lawsuits etc. and re-organize in TX.

Samlab · Jan 20, 2021

HitwTom is correct....they are not bankrupt this is typical move from Yew Nork, and incorporate in Texas, land of the free for now, if that doesn't work think Florida. Love how the media first comes out and announces as if the NRA is going under. Just propaganda and innuendo at play. :sad20:

huesmann · Jan 20, 2021

Wayne LaPierre can pull as many financial shenanigans in Texas as he could in New York, if not more.

jcutonilli · Jan 20, 2021

Here is an article about potential issues with the NRA bankruptcy.

https://www.creditslips.org/creditslips/2021/01/nra-bankruptcy.html

fred55 · Jan 21, 2021

IMHO, GOA and the Second Amendment Foundation are both good, and worthy, organizations. fred55

GOA is gun owners of America

twybyll · Jan 21, 2021

jcutonilli said:
Here is an article about potential issues with the NRA bankruptcy.

https://www.creditslips.org/creditslips/2021/01/nra-bankruptcy.html

Thanks, interesting article, a lot of shady stuff going on. It sounds like LaPierre and the others will still be liable for misusing membership fees for their own gain, which is good.

They haven't done a good job defending 2A lately IMO. And if they have to cower from NY, how can you put trust in them to be able to accomplish anything anyway? A strong org should be there in places that need it the most.

DanGuy48 · Jan 21, 2021

JoeSaturday said:
Does anyone know if this means anything negative with regard to membership status and magazine subscriptions?

See here for FAQs:

https://www.nraforward.org/questionsanswers

Bob A · Jan 21, 2021

DanGuy48 said:
See here for FAQs:

https://www.nraforward.org/questionsanswers

Still in denial about WLP.

DanGuy48 · Jan 21, 2021

Bob A said:
Still in denial about WLP.

???

Wayne, regardless of what actually went on with him (I haven’t followed it that closely) needs to step down because he is a distraction if nothing else. Plus, he’s had more than his share of time there.

Bob A · Jan 21, 2021

DanGuy48 said:
???

Wayne, regardless of what actually went on with him (I haven’t followed it that closely) needs to step down because he is a distraction if nothing else. Plus, he’s had more than his share of time there.

"???" ?

I'm referring to the link you posted in the quoted portion of my reply.

Here's the specific quote from the link:

By filing for chapter 11, is the NRA admitting it mismanaged donor funds?

Not at all. We have utilized all donor contributions in furtherance of the NRA’s mission. This action is necessitated primarily by one thing: the unhinged and political attack against the NRA by the New York Attorney General.

A restructuring plan is a proven mechanism for streamlining legal and business affairs. All membership fees and donations will continue to be used in furtherance of our Second Amendment advocacy.

Pretty much indicates they're giving Wayne a pass. Unless NRA had a GQ moment, and is showing us rednecks what sartorial excellence is all about. I didn't realise that was part of their mission.

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