The NRA and one of its subsidiaries have opened so-called “Chapter 11″ proceedings in a Texas bankruptcy court to secure its future ” free from the toxic political environment of New York », Wrote his influential boss Wayne LaPierre in a letter to his members.
The State of New York had filed a complaint in August against the NRA, Mr. LaPierre and three other senior officials, accused of having used the contributions of their members as ” their own piggy bank ».
New York Attorney General, Democrat Letitia James, had denied any political motivation, while acknowledging that the complaint could lead to the dissolution of the NRA.
“The NRA is not bankrupt”
For decades, the lobby has championed the views of millions of gun owners in the United States, staunchly opposing any regulation of the gun market. Its influence is considerable and the organization does not skimp on the means to support candidates defending the same positions in local and national elections.
In the United States, going under Chapter 11 causes the stay of proceedings and prevents creditors from taking action to obtain payment of their debts. ” No major changes in operations and personnel are expected », Assured Wayne LaPierre. ” The NRA is not bankrupt, does not shut down, and is not insolvent », He continued.
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