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 employees and shut down fundraising and its national convention amid the coronavirus pandemic.
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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The Most Revolutionary Act 
Could not happen to a more deserving group…..chuq
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I’m really surprised the gun lobby didn’t bail them out.
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I think some are trying to distance themselves from stupidity of the NRA chuq
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V
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Do you mean V for Vendetta, Bestlearn?
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It wasnt a fundraising issue, it was a fund spending issue by the likes of one Wayne LaPierre and a few other freeloaders
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I guess that’s the way of the world, freematt, isn’t it? It’s usually best not to put too much money or power in the hands of one person.
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