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With Bankruptcy Tossed, What's Next for the NRA?

A federal judge ruled the NRA's leadership sought Chapter 11 protection in bad faith. ....

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US: National Rifle Association loses bankruptcy bid | News | DW

US: National Rifle Association loses bankruptcy bid
A Texas court has rejected the NRA s bankruptcy case, calling it an attempt to avoid prosecution on fraud charges. The ruling judge said the NRA filing was made to gain unfair advantage in litigation.
The NRA and its Chief Executive Wayne LaPierre are facing corruption charges in the state of New York
The US firearms lobbying group, the National Rifle Association (NRA), lost its bid to declare bankruptcy on Tuesday, hampering an attempt to avoid a lawsuit in New York.
Federal Judge Harlin Hale issued his decision from Dallas, Texas, saying that the gun rights group had not filed for Chapter 11 protection in good faith, but rather to avoid oversight by New York Attorney General Letitia James. ....

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US Judge Dismisses NRA Bankruptcy in Victory for New York

The National Rifle Association cannot use bankruptcy to reorganize in gun-friendly Texas, a federal judge in Dallas ruled . ....

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It May Be All Over for the NRA

AP Photo/Seth Perlman, File
The National Rifle Association has been around for almost 150 years but it looks like it’s now facing a complete and total shutdown with the bankruptcy it filed having been dismissed.
According to Stephen Gutowski’s “The Reload,” the NRA’s bankruptcy strategy has failed as a federal judge ruled that the group’s use of bankruptcy was less about financials and more about attempting to avoid government oversight:
Federal Judge Harlin Hale ruled the gun group’s attempt to relocate to Texas in response to litigation by New York Attorney General Letitia James (D.) targeting the group could not go through. Judge Hale agreed with James in her argument the NRA, whose leaders repeatedly publicly touted the financial strength of the organization during the case, was not trying to address legitimate financial concerns. Instead, the judge concluded, the group was inappropriately trying to use the bankruptcy court to avoid government overs ....

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Hertz Shares Rev Up on $6 Billion Bankruptcy Bid

Hertz Shares Rev Up on $6 Billion Bankruptcy Bid
Hertz says it is working to exit from Chapter 11 by June 30.
Author:
May 12, 2021 3:07 PM EDT
Hertz Global Holdings HTZGQ was soaring Wednesday after the battered car rental giant said it had selected Knighthead Capital Management, Certares Management, and Apollo Capital Management to buy the company out of Chapter 11,
Shares of the Estero, Florida company rose nearly 55% to $5.71.
The proposal would eliminate about $5 billion of corporate debt, including the complete elimination of all corporate debt on Hertz s European business, Hertz said, and provide the company with over $2.2 billion of global liquidity.
Hertz said its Chapter 11 plan will be funded through investments from the KHCA Group and co-investors aggregating $2.78 billion, the issuance of $1.5 billion of new preferred stock to Apollo, and an offering to existing shareholders to buy $1.64 billion of additional common stock. ....

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