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Re:NRA bankruptcy lets critics peer into gun lobby’s inner w... by LatteLazy on Sunday February 07, 2021 @06:05PM (#26059063)
I never quite understand the logic here. The lawsuits are a big deal for the senior officers of the NRA. They're the ones being exposed here.

If the NRA dissolves, it's members are free to reform under a new org. They can do that in Texas though ironically NY would be better as (apparently) Texas doesn't punish leaders of groups who steal from their members...

They might lose a few things enroute (the name, the url?). But it doesn't seem like it will make much difference to members.

The leaders on the other hand are looking at jail if the company is found guilty (though that will rely on separate prosecutions).

Re:NRA bankruptcy lets critics peer into gun lobby’s inner w... by stale2002 on Monday February 08, 2021 @12:46PM (#26067684)
> members are free to reform under a new org

That's what the purpose of this bankruptcy is.

It is to transfer the assets and members to a new organization.

Things like the Virgina headquarters and employees can't just be spun back up overnight. That would be a huge loss, if that happened.

Thus, the purpose of all of this stuff is to move all the assets and members to a new organization, so there is as little friction as possible.

Re:NRA bankruptcy lets critics peer into gun lobby’s inner w... by LatteLazy on Monday February 08, 2021 @05:35PM (#26071211)
Which is great, except no assets can be given over until the trial is over.
Re:NRA bankruptcy lets critics peer into gun lobby’s inner w... by stale2002 on Monday February 08, 2021 @07:07PM (#26072131)
You previously just asked why they would want to take these actions. And I told you why.

It is because none of this has anything to do with creditors making good faith attempts to get paid back.

What this whole thing is about, is about an attempt by the new york AG, to dissolve the organization, and is not a good faith attempt to make creditors whole.

The whole point of all this stuff, is to sidestep back faith attempts at dissolution, and instead go through the normal process for handling fines/fraud/ect.

The dissolution is what is going to be evaded.