Texas Judge Tosses National Rifle Association’s Bankruptcy Filing

Texas Judge Tosses National Rifle Association’s Bankruptcy Filing

A bankruptcy judge in Texas called the National Rifle Association’s bankruptcy filing disingenuous and “not having been filed in good faith” as he dismissed the petition Tuesday.

The gun rights organization filed for bankruptcy in January despite boasting five million members and 500 employees, and it brings in roughly $300 million in revenue each year, according to court documents.

The filing under Chapter 11 bankruptcy law would have allowed the NRA to relocate its financial assets from New York, where it faces a massive lawsuit from the state’s attorney general, to Texas. The group has been officially domiciled in New York since 1871, though its physical headquarters are in Fairfax, Virginia.

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