National Rifle Association Files for Chapter 11 Bankruptcy

  • Christian Chat is a moderated online Christian community allowing Christians around the world to fellowship with each other in real time chat via webcam, voice, and text, with the Christian Chat app. You can also start or participate in a Bible-based discussion here in the Christian Chat Forums, where members can also share with each other their own videos, pictures, or favorite Christian music.

    If you are a Christian and need encouragement and fellowship, we're here for you! If you are not a Christian but interested in knowing more about Jesus our Lord, you're also welcome! Want to know what the Bible says, and how you can apply it to your life? Join us!

    To make new Christian friends now around the world, click here to join Christian Chat.

Magenta

Senior Member
Jul 3, 2015
55,812
25,990
113
#2
They are divorcing New York...
 
K

KT88

Guest
#3
Corruption by the NRA leaders.
 

p_rehbein

Senior Member
Sep 4, 2013
30,181
6,529
113
#4
They should have done this years ago. The State of New York IS NOT a friendly/beneficial environment for any Business/Corporation IMO. Given their Tax Laws and various Environmental Laws.
 

GaryA

Truth, Honesty, Love, Courage
Aug 10, 2019
9,076
3,966
113
mywebsite.us
#7
why? are you unable to open the link?
I clicked it and it opened just fine.
When I follow the link, I end up on a 'general' page with a list of links to various articles - but this article seems to be nowhere in sight...
 
G

Godsgirl83

Guest
#8
When I follow the link, I end up on a 'general' page with a list of links to various articles - but this article seems to be nowhere in sight...

okay, yeah I see LOTS of links all over the page, but there is an article.......
here, I just copied it:
NRA Files for Chapter 11 Bankruptcy, 'Dumping' NY for Texas

(Dreamstime)
Friday, 15 January 2021 05:09 PM







The National Rifle Association announced Friday it has filed for bankruptcy and will seek to incorporate the nation’s most politically influential gun-rights group in Texas instead of New York.
The announcement made on the NRA's website comes months after New York’s attorney general sued the organization over claims that top executives illegally diverted tens of millions of dollars for lavish personal trips, no-show contracts for associates and other questionable expenditures.
The coronavirus pandemic has also upended the NRA, which last year laid off dozens of employees, canceled its national convention and scuttled fundraising. Still, the NRA claimed in announcing the move that the organization was “in its strongest financial condition in years.”
The NRA said it filed for Chapter 11 bankruptcy in a Dallas federal court.
“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 NRA said in a statement.
“The plan can be summed up quite simply: We are DUMPING New York, and we are pursuing plans to reincorporate the NRA in Texas,” wrote NRA CEO and executive vice president Wayne LaPierre.

He stressed in his note to members that “no major changes are expected to the NRA’s operations or workforce.”
The gun-rights group boasts about 5 million members. Though headquartered in Virginia, the NRA was chartered as a nonprofit in New York in 1871 and is incorporated in the state.
Last year, New York Attorney General Letitia James said that her state was seeking to dissolve the NRA altogether. A suit contended that its leadership had shifted around some $64 million for personal use.
“The NRA’s influence has been so powerful that the organization went unchecked for decades while top executives funneled millions into their own pockets,” James said in August, as recounted by CNBC in its report on the voluntary bankruptcy filing. “The NRA is fraught with fraud and abuse, which is why, today, we seek to dissolve the NRA, because no organization is above the law."
In addition to dissolving the gun group, James wants the court to order past and current execs to pay restitution, the business news network noted.




© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
 

GaryA

Truth, Honesty, Love, Courage
Aug 10, 2019
9,076
3,966
113
mywebsite.us
#9
Thanks - but, while you were copying that, I hand-typed the URL into a browser on another computer - and, the article was displayed.

Hmmm - perhaps my phone has a "censorship issue" of some kind?
 
G

Godsgirl83

Guest
#11
Thanks - but, while you were copying that, I hand-typed the URL into a browser on another computer - and, the article was displayed.

Hmmm - perhaps my phone has a "censorship issue" of some kind?
hmmm..... okay, interesting.
Here I was thinking maybe your computer was having issues again (different thread....)
either way, glad you found it.
 

GaryA

Truth, Honesty, Love, Courage
Aug 10, 2019
9,076
3,966
113
mywebsite.us
#12
hmmm..... okay, interesting.
Here I was thinking maybe your computer was having issues again (different thread....)
either way, glad you found it.
That computer is dead - killed by a lightning strike.