{"id":31185,"date":"2021-05-12T13:23:35","date_gmt":"2021-05-12T13:23:35","guid":{"rendered":"https:\/\/onlygunsandmoney.com\/?p=31185"},"modified":"2021-05-12T13:23:38","modified_gmt":"2021-05-12T13:23:38","slug":"the-full-nra-response-to-bankruptcy-dismissal","status":"publish","type":"post","link":"https:\/\/onlygunsandmoney.com\/?p=31185","title":{"rendered":"The Full NRA Response To Bankruptcy Dismissal"},"content":{"rendered":"<div class='__iawmlf-post-loop-links' style='display:none;' data-iawmlf-post-links='[{&quot;id&quot;:3883,&quot;href&quot;:&quot;https:\\\/\\\/www.nraforward.org&quot;,&quot;archived_href&quot;:&quot;&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[],&quot;broken&quot;:false,&quot;last_checked&quot;:null,&quot;process&quot;:&quot;done&quot;},{&quot;id&quot;:3884,&quot;href&quot;:&quot;https:\\\/\\\/www.nraforward.org\\\/s\\\/govuscourtstxnb_4907587400_1.pdf&quot;,&quot;archived_href&quot;:&quot;&quot;,&quot;redirect_href&quot;:&quot;&quot;,&quot;checks&quot;:[],&quot;broken&quot;:false,&quot;last_checked&quot;:null,&quot;process&quot;:&quot;done&quot;}]'><\/div>\n<p>The NRA has put out a much longer and complete response to the dismissal of their Chapter 11 bankruptcy case. A quick read through it shows a few thing. First, they are trying to put a positive spin on what is really not a positive for the NRA. That is to be expected.<\/p>\n\n\n\n<p>Second, they cherry-picked the decision. When they say they have the option to file a new case, they forget to say the judge said any new case would have a trustee. That would mean Wayne and Bill Brewer would be booted. Do you really think Wayne and Brewer would file again when they know they are out?<\/p>\n\n\n\n<p>Third, Wayne and the rest of the &#8220;Gang of Four&#8221; (as some have called them) all made statements to the effect that the NRA is strong, secure, and they will keep up the good fight. The question is are they fighting to keep their positions or actually fighting to advance the Second Amendment. As many have commented, just think what all the millions wasted on the bankruptcy&#8217;s legal fees could have done to advance the fight for the Second Amendment.<\/p>\n\n\n\n<p><strong><a href=\"https:\/\/www.nraforward.org\/\" class=\"rank-math-link\" target=\"_blank\" rel=\"noopener\">Below is the NRA&#8217;s full response in its entire<\/a>ty<\/strong>. I haven&#8217;t even highlighted the stupid shit.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>NRA Moving Forward with Legal and Business Strategy in Response to Dismissal of Bankruptcy Filing\u00a0<\/strong><\/p><p><em>Court Finds That NRA\u2019s Move to Texas Could Still Be Accomplished Outside Bankruptcy<\/em><\/p><p>In response to <a href=\"https:\/\/www.nraforward.org\/s\/govuscourtstxnb_4907587400_1.pdf\" target=\"_blank\" rel=\"noopener\">today\u2019s dismissal<\/a> of a prior bankruptcy filing, the National Rifle Association of America (\u201cNRA\u201d) announced that it will continue to fight on all fronts in the interests of its mission and its members.\u00a0\u00a0\u00a0<\/p><p>The New York Attorney General and others had aligned against the NRA in opposition to the NRA\u2019s reorganization plan announced on January 15, 2021. They sought to dismiss the NRA\u2019s bankruptcy filing with prejudice or, in the alternative, appointment of a court-appointed trustee, to take control of the Association\u2019s business and financial affairs. Importantly, a United States Bankruptcy Court in Dallas did not appoint a Trustee or examiner, even as it ruled the Association may not proceed with the chapter 11 case. The court dismissed the bankruptcy filing without prejudice, meaning the NRA does have the option to file a new bankruptcy case.\u00a0<\/p><p>During a 12-day hearing that occurred over approximately four weeks, the NRA established that it had adopted new policies and accounting controls, displaced many \u201cinsiders\u201d who had allegedly abused the Association, and accepted reparations for costs voluntarily determined to be excess benefits. The hearing proceedings focused on the NRA\u2019s compliance efforts, and the organization\u2019s renewed commitment to good governance.\u00a0<\/p><p>In an opinion, dated May 11, 2021, the Hon. Harlin D. Hale, U.S. Bankruptcy Judge, Northern District of Texas, wrote, \u201cIn short, the testimony\u2026suggests that the NRA now understands the importance of compliance. Outside of bankruptcy, the NRA can pay its creditors, continue to fulfill its mission, continue to improve its governance and internal controls, contest dissolution in the NYAG Enforcement Action, and pursue the legal steps necessary to leave New York.\u201d<\/p><p>Underscoring the importance of the proceedings, Judge Hale previously said the NYAG motion contesting the NRA\u2019s Chapter 11 filing was \u201cthe most important motion I\u2019ve ever heard as a judge.\u201d\u00a0\u00a0<\/p><p>The NRA remains determined to further streamline its legal and business affairs in the best interests of its constituents and members.\u00a0\u00a0<\/p><p>NRA CEO &amp; EVP Wayne LaPierre said today\u2019s decision \u2013 and the ongoing independence of the NRA \u2013 empowers the Association\u2019s approximately 5 million members.\u00a0<\/p><p>\u201cThe NRA remains committed to its members and our plan for the future,\u201d says NRA CEO &amp; EVP Wayne LaPierre. \u201cAlthough we are disappointed in some aspects of the decision, there is no change in the overall direction of our Association, its programs, or its Second Amendment advocacy. Today is ultimately about our members \u2013 those who stand courageously with the NRA in defense of constitutional freedom. We remain an independent organization that can chart its own course, even as we remain in New York to confront our adversaries. The NRA will keep fighting, as we\u2019ve done for 150 years.\u201d\u00a0<\/p><p>The NRA remains determined to confront NYAG Letitia James in her attempt to dissolve NRA. The NYAG seeks such remedies as part of a lawsuit she filed on August 6, 2020. In summer 2018, then NYAG candidate James called the NRA a \u201ccriminal enterprise\u201d and \u201cterrorist organization.\u201d Her subsequent pursuit of the NRA has been characterized by many legal experts and constitutional scholars as a gross weaponization of legal and regulatory power.<\/p><p>\u201cThe NRA will continue to defend the interests of the Association in New York,\u201d says William A. Brewer III, counsel to the NRA. \u201cOur client has faith in its leadership, and its demonstrated commitment to good governance.\u201d\u00a0<\/p><p>\u201cThe record reflects the NRA undertook a \u2018course correction\u2019 with respect to its management,\u201d says NRA President Carolyn Meadows. \u201cThe Association is strong and secure \u2013 once again moving forward above the objections of its adversaries and those who oppose Second Amendment freedoms.\u201d<\/p><p>The NRA can still pursue establishing business operations in Texas, and the organization will continue to explore moving its headquarters there from Virginia. Texas is home to more than 400,000 NRA members.\u00a0<\/p><p>The bankruptcy hearing became the nation\u2019s highest -profile legal proceeding of its kind. The virtual proceedings, involving more than 20 witnesses, explored novel issues that define the roles and responsibilities of legal defendants subjected to the threat of dissolution. The NRA has maintained it is financially viable, following its current pathway, in part, to escape a toxic political environment in New York. The NRA was incorporated in New York in 1871.\u00a0<\/p><p>The legal proceedings revealed the NRA\u2019s commitment to good governance and efforts to follow the \u201cprincipled path\u201d with respect to its management practices, board oversight, and member obligations under Mr. LaPierre\u2019s leadership. Mr. LaPierre remains at the helm of the organization, directing political affairs, grassroots activities and other functions essential to the defense of the Second Amendment.\u00a0<\/p><p>\u201cThe record establishes that NRA members can have great confidence in this institution and its plans for the future,\u201d says NRA First Vice President Charles Cotton. \u201cThe Association will work with members, vendors, and other constituents to continue the fight for freedom.\u201d\u00a0<\/p><p>\u201cOur NRA is pressing forward with its plans, and remains determined to promote constitutional freedoms,\u201d says NRA Second Vice President Lt. Col. Willes K. Lee, USA (Ret). \u201cWe will never shrink from the tough and principled stands we take on behalf of our law-abiding 5 million members.\u201d\u00a0<\/p><p>Read Judge Hale\u2019s Order Granting Motions To Dismiss <a href=\"https:\/\/www.nraforward.org\/s\/govuscourtstxnb_4907587400_1.pdf\" target=\"_blank\" rel=\"noopener\">here.<\/a><\/p><p># # #<\/p><\/blockquote>\n\n\n\n<p><\/p>\n<div style=\"margin-top: 0px; margin-bottom: 0px;\" class=\"sharethis-inline-share-buttons\" ><\/div>","protected":false},"excerpt":{"rendered":"<p>The NRA has put out a much longer and complete response to the dismissal of their Chapter 11 bankruptcy&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":2,"footnotes":""},"categories":[1],"tags":[85,5635,5622,26,5621,27,173,66],"class_list":["post-31185","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-carolyn-meadows","tag-charles-cotton","tag-judge-harlin-hale","tag-nra","tag-nra-bankruptcy","tag-wayne-lapierre","tag-willes-lee","tag-william-brewer-iii"],"_links":{"self":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts\/31185","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=31185"}],"version-history":[{"count":1,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts\/31185\/revisions"}],"predecessor-version":[{"id":31186,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=\/wp\/v2\/posts\/31185\/revisions\/31186"}],"wp:attachment":[{"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=31185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=31185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onlygunsandmoney.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=31185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}