This is a very precise phrasing of NRA’s situation, in terms of dismissal for bad faith, that is ulterior motive, filing. The judge sees the issue precisely, and if you look at it with that precision, the only answer is: no, the bankruptcy court does not have jurisdiction, and must dismiss the Chapter 11 case. That will be a disaster for NRA’s hopes. This weekend’s board meeting is just spinning the wheels, approving a plan that will never be accepted by the court because the case will already have been dismissed. That will leave NRA a New York corporation, and leave the NY Attorney General free to dissolve it. [More]
My family's recent adventures in forced reprioritization have kept me from telling you about the NRA In Danger blog. If you want to be informed on what's going, there is no better place to consult and to let your friends know about.
As long as I'm on the subject, here are a couple other websites I call your attention to:
I haven't had a lot of time to devote to NRA's self-inflicted sucking wounds, so if you know other websites that offer such well-presented insights, feel free to inform the rest of us via comments.