National Rifle Association files for bankruptcy

Exposing the Big Game's avatarCommittee to Abolish Sport Hunting Blog

https://www.cbsnews.com/news/nra-files-bankruptcy/

BY CAROLINE LINTON

JANUARY 16, 2021 / 7:18 AM/ CBS NEWS

The National Rifle Association said Friday that it has filed for bankruptcy and is moving to Texas, where the organization says it has 400,000 members. The NRA is currently based out of New York, where stateAttorney General Letitia James has filed a lawsuitalleging financial crimes by its top officials and is seeking to disband the organization.

Chapter 11 bankruptcy protection stops all court and legal proceedings regarding debt or collection, while an organization restructures its debts. In May 2020, the NRA, which says it has 5 million members,laid off dozens of employeesand shut down fundraising and its national convention amid the coronavirus pandemic.

The fundraising pause and the lack of a national convention in a presidential election year was a huge financial setback for the organization, althoughAmericans bought a record number of guns

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2 thoughts on “National Rifle Association files for bankruptcy

  1. Can anyone explain the benefits for the USFW who plans to parter with the NRA?
    I feel it’s truly going to alienate many non-hunters. Maybe they don’t care?

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