New York seeks dismissal of NRA bankruptcy case

[TexasTowelie]

Source: AP

DALLAS (AP) — Attorneys for the state of New York asked a bankruptcy judge Friday to throw out the National Rifle Association’s bankruptcy case, saying the case was filed in bad faith.

In a 41-page brief filed in the bankruptcy court in Dallas, New York’s attorneys asked U.S. Bankruptcy Judge Harlin DeWayne Hale to appoint a Chapter 11 trustee if outright dismissal was denied.

The state asserts that the NRA filed the bankruptcy petition while claiming to be solvent and “in its strongest financial condition in years,” according to the petition.

The NRA filed for Chapter 11 bankruptcy protection after the New York attorney general sued to seek the organization’s dissolution. It also announced plans to move its headquarters from New York and incorporate in gun-friendly Texas.

Read more: https://www.oaoa.com/news/us_news/new-york-seeks-dismissal-of-nra-bankruptcy-case/article_8aa36a02-7791-5fc4-b667-15b51a03bc4a.html

[paleotn]

1. Strategic bankruptcy.....

Available to the rich, but not the "little people" like you and me. Funny that the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005, an Orwellian title if there ever was one, didn't even touch on this widespread abuse. Again, it was only intended to "rein in" the little people from access to Chapter 7. The big fish, however, are free to carry on.

[iluvtennis]

2. KnR. nt

[heckles65]

3. For those of you who aren't bankruptcy attorneys...

requesting that a case be thrown out for bad faith is something that doesn't happen every day. The filer has to be seen as really egregious.

[dlk]

4. I think it safe to say the NRA qualifies as egregious on many levels

It would serve them right if the case were to be thrown out.

[melm00se]

6. Saw that motion happen only once

and eyes got really wide when it happened and the every BK attorney in town showed up on the day that the decision was to be announced.

[TygrBright]

5. Well... "bad faith" IS their business model. n/t