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NRA files for bankruptcy
Posted: Fri Jan 15, 2021 5:09 pm
by REDinFL
https://www.newsmax.com/us/nra-guns/202 ... d/1005836/
NRA files for Chapter 11
Fortunately, that's for reorganization, which they will do as a Texas corporation.
Re: NRA files for bankruptcy
Posted: Fri Jan 15, 2021 5:35 pm
by tector
The good thing about a Chapter 11 is all the dirty laundry that has been buried is likely to be put on the table. The haters will have their day, but that organization needs a thorough rinsing.
Re: NRA files for bankruptcy
Posted: Fri Jan 15, 2021 5:39 pm
by MiamiOffshore
It's a good thing that they and their tax $, headquarters etc will no longer help the economy of New York State, vote with your feet as they say.
Re: NRA files for bankruptcy
Posted: Fri Jan 15, 2021 9:36 pm
by TACC
And does it change anything regarding life member status?
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Re: NRA files for bankruptcy
Posted: Fri Jan 15, 2021 9:40 pm
by tector
TACC wrote: ↑Fri Jan 15, 2021 9:36 pm
And does it change anything regarding life member status?
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Very doubtful--that would be terrible for business.
Re: NRA files for bankruptcy
Posted: Fri Jan 15, 2021 10:35 pm
by MiamiOffshore
I read it will in no way change any status', magazine subscription, etc. Business will continue as normal, they are simply consolidating debts and re-organizing in Texas. They will come out of this stronger than the position they're currently in.
Re: NRA files for bankruptcy
Posted: Sat Jan 16, 2021 7:44 am
by REDinFL
TACC wrote: ↑Fri Jan 15, 2021 9:36 pm
And does it change anything regarding life member status?
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In their announcement, they said it would not.