Here’s Why The NRA Filed A Long Shot Bankruptcy Bid With $50 Million In Net Assets
Powerful Second Amendment advocacy group the National Rifle Association (NRA) filed for Chapter 11 bankruptcy Jan. 15, but stressed it was in its “strongest financial condition in years.”
The NRA, which reported in court Wednesday net assets of $50 million suggesting financial strength, said it seeks to use bankruptcy to move from New York to Texas and to “streamline” certain legal and business affairs, but gave little further explanation.
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