Is the NRA’s bankruptcy filing a way to escape regulation? – PBS NewsHour

Steven Church:

That's precisely what the argument was on the side of the New York attorney general and their allies who were arguing with them.

The NRA is making the claim that, even though they have plenty of money, this lawsuit is an existential threat to their existence, because one of the things that could happen is that the judge a judge in New York, if they side with the New York attorney general, could dissolve the NRA, and all of the NRA assets, which amounts to tens of millions of dollars, could be given away to other similar type nonprofits.

So they argued, because that's a threat, because that's a possibility, they should be allowed to file bankruptcy, even though they have plenty of cash, they're solvent, they're paying their bills on time, and it doesn't look like they face any immediate threats.

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Is the NRA's bankruptcy filing a way to escape regulation? - PBS NewsHour