Major Setback For NRA In Bid To Declare Bankruptcy

The Washington Post reports:

A U.S. bankruptcy administrator asked a federal judge Monday to dismiss the National Rifle Association’s efforts to declare bankruptcy or appoint a trustee or examiner to oversee the gun rights organization — a setback for the group at the close of a federal court hearing to consider its petition.

The recommendation bolstered the arguments of New York Attorney General Letitia James (D), whose office has fought the NRA’s attempts to relocate from New York to Texas, and came after senior NRA executives acknowledged in court testimony that they received lavish perks.

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U.S. trustee opposes NRA bankruptcy petition in blow to gun rights group https://t.co/XuzznBgMen

— The Washington Post (@washingtonpost) May 4, 2021