In a blow to the National Rifle Rampage Association's attempt to declare bankruptcy, a U.S. bankruptcy administrator asked Federal Judge Harlan Hale to dismiss the NRA's case. Following a series of scandals involving the NRA's corrupt leadership, the New York State Attorney General, the intrepid Letitia James, filed a lawsuit to dissolve the NRA, which was originally chartered in New York in 1871. In an attempt to escape the consequences of its corruption, the NRA declared bankruptcy and announced its move to gun-friendly Texas. The intervention of the U.S. bankruptcy administrator makes the NRA's case much more problematic:
"Linda Lambert, a lawyer with the U.S. trustee’s office — which participates in bankruptcy cases to protect taxpayer interests and enforce bankruptcy laws — told the court that the evidence presented in the hearing showed that the nonprofit organization lacked proper oversight and that personal expenses were masked as business costs.
Adam Levitin, a bankruptcy expert at the Georgetown University Law Center, said the position of the trustee — a Justice Department official who typically remains neutral in a bankruptcy proceeding — does not bode well for the NRA.
'I don’t see how the NRA pulls off a win here,' he said, adding: 'I think it’s pretty clear that the NRA loses. The real question is what the remedy will be.'” (our emphasis)
Another factor mitigating against the NRA's case was introduced yesterday by the NRA itself: it's reorganization plan submitted to the Court would leave in place the organization's corrupt management, including the evil Wayne LaPierre, whose lavish spending on personal items was at the center of New York State's lawsuit to dissolve the organization. Talk about shooting yourself in the foot.
The Court is expected to render a decision within the next week.
