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My understanding is this is a ploy to break contracts so they can move to Texas. Incidentally, the bankruptcy code is the only part of law that is able to bre
by danesparza 6y ago
My understanding is this is a ploy to break contracts so they can move to Texas. Incidentally, the bankruptcy code is the only part of law that is able to break a contract legally.
- geofft 6y agoAnd it puts them outside the reach of the NY AG. Honestly I'm surprised you can file for bankruptcy while making public statements like these: https://www.nraforward.org/questionsanswers https://www.nraforward.org/questionsanswers Is the NRA going “bankrupt?” No. In fact, this move comes at a time when the NRA is in its strongest financial condition in years. To facilitate its reorganization, the NRA and one of its subsidiaries filed voluntary chapter 11 petitions in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. The NRA is not insolvent.
- ABeeSea 6y agoYou can’t. The courts aren’t going to let this proceed.
- paulgb 6y agoEither that, or the NRA's FAQ presents a more optimistic situation to potential donors than is actually the case.
- deleted 6y ago[deleted]
- danesparza 6y agoI'm not sure. Here are the rules: https://www.uscourts.gov/services-forms/bankruptcy/bankruptcy-basics/chapter-11-bankruptcy-basics https://www.uscourts.gov/services-forms/bankruptcy/bankruptc...