NRA Files for Chapter 11, intends to restructure & relocate

[redheadbaker]

abcnews.go.com/amp/Business/national-rifle-association-files-chapter-11-bankruptcy/story?id=75284335

National Rifle Association files for Chapter 11 bankruptcy

The National Rifle Association announced that it intends to restructure as a nonprofit based in Texas and has filed for Chapter 11 bankruptcy protections.

"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 gun advocacy group said in a statement Friday.

[georgeglass]

Thoughts and prayers.

[abs]

Stay out of Texas please and thank you.

Sadly it's probably the perfect new home. Ugh. I hate it here.

[Pom]

Jan 15, 2021 18:43:29 GMT -5 abs said:

Stay out of Texas please and thank you.

Sadly it's probably the perfect new home. Ugh. I hate it here.

Co-signed.

[TR]

Jan 15, 2021 18:54:28 GMT -5 Pom said:

Jan 15, 2021 18:43:29 GMT -5 abs said:

Stay out of Texas please and thank you.

Sadly it's probably the perfect new home. Ugh. I hate it here.

Co-signed.

Thirded.

[fumbalina]

Jan 15, 2021 18:43:29 GMT -5 abs said:

Stay out of Texas please and thank you.

Sadly it's probably the perfect new home. Ugh. I hate it here.

It would depend on the area as to how "perfect." I know plenty of Texans who crusade for fun control, including some gun owners. If we resign ourselves to Texas being permanently conservative, it will be.

[meowmaps]

When my husband and I had our first apartment together we could see the top of the NRA building from our parking lot. I'm thrilled to see them go. I never thought their headquarters made sense in Fairfax, VA.

Sorry Texans.

[batsteph]

Does this mean the stupid NRA Headquarters building in Northern Virginia is going away? I hate seeing it whenever I drive that stretch of 66.

[livinitup]

Why aren’t all of the gun-toting, Constitution lovers OUTRAGED at the evidence of cell pool dealings of the NRA?? If they loved their cause so much, why aren’t they as horrified as the rest of us?

[NewOrleans]

So they are framing it like it is just a restructuring and an escape plan from NY to the gunny haven of TX.

So is this bankruptcy.. serious? Can bankruptcy just be a restructuring? Or is it an actual weakening of NRA power?