NRA In Peril After Judge Rejects Bankruptcy Filing | WHAT REALLY HAPPENED X-Frame-Options: DENY X-Frame-Options: SAMEORIGIN

NRA In Peril After Judge Rejects Bankruptcy Filing

The NRA was dealt a serious blow on Tuesday after a Texas judge tossed the gun rights organization's bid to declare bankruptcy, saying it was filed in "bad faith" in an effort to dodge litigation in New York.

Judge Harlin Hale tossed the case after New York Attorney General Letitia James and others questioned how legitimate the January 15th bankruptcy filing was, according to a report by Law 360.

The group filed for Chapter 11 bankruptcy after James filed a lawsuit to dissolve the NRA - alleging that the organization has abused its status as a nonprofit, along with corruption, and a "culture of self-dealing, mismanagement, and negligent oversight" fostered by longtime CEO Wayne LaPierre.

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