NRA Bankruptcy Filing Dismissed

[biku324]

Not looking good. Apparently the court believed the organization to be trying to avoid NY regulation.

"The question the Court is faced with is whether the existential threat facing the NRA is the type of threat that the Bankruptcy Code is meant to protect against. The Court believes it is not,” U.S. bankruptcy judge Harlin Hale wrote in the decision.

“...the Court finds there is cause to dismiss this bankruptcy case as not having been filed in good faith both because it was filed to gain an unfair litigation advantage and because it was filed to avoid a state regulatory scheme,” Hale added."

Judge dismisses NRA bankruptcy filing | TheHill

 

[S42N8]

Not a good omen.

 

[biku324]

Particularly not from a conservative judge like 'Cooter' Hale.

 

[Rudi]

The plan is to do away with the NRA, it could be gone in a year's time.

 

[CAJUNLAWYER]

Particularly not from a conservative judge like 'Cooter' Hale.

Cooter went to LSU law school and was in my little brother's class. I've been to many a CLE with him. VERY knowlegeable guy. I suspect this will hold up. Quite frankly I thought it was a stretch from the get go.

 

[ladder13]

Cooter went to LSU law school and was in my little brother's class. I've been to many a CLE with him. VERY knowlegeable guy. I suspect this will hold up. Quite frankly I thought it was a stretch from the get go.

No surprise.
I would expect a conservative justice to go by the law, and let the chips fall, not invent it like other justices.

 

[fordson]

For those more knowledgeable then I, what are some logical avenues the NRA can still pursue?

 

[CAJUNLAWYER]

For those more knowledgeable then I, what are some logical avenues the NRA can still pursue?

Now might be a good time to lock this thread

 

[Telecaster]

Surely they aren't slaves to New York State; why not sell their assets to a Texas company, set up in Texas, get the assets, and dissolve the NY entity?