Judge Dismisses NRA Bankruptcy Case, Heightening Risk For Dissolution Of Group
A federal judge threw out the National Rifle Association's bid to declare bankruptcy Tuesday, allowing New York to proceed in its effort to dissolve the gun rights group for alleged "fraud and abuse."
Updated at 6:43 pm ET
A federal bankruptcy judge dismissed an effort by the National Rifle Association to declare bankruptcy on Tuesday, ruling that the gun rights group had not filed the case in good faith.
The ruling slams the door on the NRA's attempt to use bankruptcy laws to evade New York officials seeking to dissolve the organization. In his decision, the federal judge said that "using this bankruptcy case to address a regulatory enforcement problem" was not a permitted use of bankruptcy.
The bankruptcy trial
