In early 2021, lobbying behemoth the National Rifle Association filed a chapter 11 case in Texas, intending to use the bankruptcy process not for financial or operational reorganization, but to escape the reach of the New York Attorney General. Immediately thereafter, the organization issued a press release in which it proudly stated that they were as financially strong as ever, prompting questions from creditors as to why they were in bankruptcy in the first place. Now their bankruptcy case has dismissed, they're still litigating in New York, and everyone knows a lot more about how things worked - or didn't - in the inner workings of one of the world's most powerful interest groups. Was the chapter 11 case a mistake? Was it misguided? Was it fraud? We'll discuss these issues and more with Law360 bankruptcy beat reporter Vince Sullivan.
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