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National Rifle Association Files for Bankruptcy

The NRA has filed for bankruptcy

1/16/2021 12:00:00 PM

The NRA has filed for bankruptcy

The National Rifle Association has filed for Chapter 11 bankruptcy and intends to relocate from New York to Texas, the organization announced Friday. Executive Vice President Wayne LaPierre made th…

’s website, saying the group is “dumping” New York and moving to Texas to be “free from the toxic political environment of New York.”“Today, the NRA announced a restructuring plan that positions us for the long-term and ensures our continued success as the nation’s leading advocate for constitutional freedom — free from the toxic political environment of New York,” he wrote. “The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas.”

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LaPierre told NRA members that the Chapter 11 filings “are often utilized by businesses, nonprofits and organizations of all kinds to streamline legal and financial affairs.”The NRA listed assets and liabilities of as much as $500 million each, according to Bloomberg News.

“Under the plan, the NRA will continue what we’ve always done — confronting anti-gun, anti-self-defense and anti-hunting activities and promoting constitutional advocacy that helps law-abiding Americans,” he wrote. “Our work will continue as it always has. No major changes are expected to the NRA’s operations or workforce.” headtopics.com

Many members of Hollywood have beenvocal about their opposition to the NRAand have urged studios to stop backing politicians who have ties to the organization. Read more: Variety »

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Just moving to Texas, right? Optics seem to make this look like they’re shutting down which is far from the case. They will just reopen in another state. Btw one post was sufficient. Are we on 10 reposts now? Their moral bankruptcy had happened a lot earlier, this is the just financial one! WOW!! Not that I give one iota for the NRA, and it's actually good news because private citizens owning guns is a problem end of story. However, just wondering why Variety which is supposedly about entertainment is becoming more and more political with their posts.

good 🙏🙏🙏 Hahahaha they just fooledd the NYC AG. hahahahahah they won't lose any employees and they're moving their business to Texas. This is after the AG said they are working to dissolve the NRA. They NYC cant do shit now. Hahahahaha Yeah, and any day now I’ll win the lottery, the moon is made of cheese, love conquers all, I’ve some swamp land on sale for cheap in Florida’s that going to be the next big thing, there’s no climate change, and, Trump’s normal. Yeah, let’s all believe this, right? *sarcasm*

Wow. Republicans are going through rough times right now. Texas is likely to become one of the most dangerous places in the world, agencies should take a look at it Morally? Good ! Hope they stay bankrupt for a very long time. There's pandemic going on. Does that mean, you will finally get better laws for your boom boom sticks.

more guns than cents. I forget, which amendment was it that afforded big government bailout protection? Wonderful news!