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Added on the 15/01/2021 17:58:20 - Copyright : Wochit
The National Rifle Association of America (NRA) has filed for voluntary bankruptcy in Texas. The nation's foremost gun lobby confirmed the announcement on Friday. According to CNN, the organization said it plans to leave New York and reincorporate as a Texas nonprofit. The NRA is calling the rebranding effort "Project Freedom." The group said it's in its "strongest financial condition in years," but the restructuring will help to "streamline costs and expenses." The Chapter 11 announcement follows allegations of financial mismanagement at the NRA in recent years.
Guitar Center is the largest musical instrument retailer in the US. On Saturday, the company announced Saturday it was entering the Chapter 11 restructuring process, during which it'll stay in business. Guitar Center said it expects to finish up the process by the end of the year. Guitar Center has felt the negative impacts of consumers' increasing reliance on e-commerce, like many other physical retailers. The company may be forced closures of many of its stores during the coronavirus pandemic.
Lindsay Lohan's mother Dina has filed for bankruptcy with debts amounting over $1,500,000.00.
The Weinstein Company has filed for bankruptcy an released a statement declaring the termination of all "non-disclosure agreements" signed by former employees.
Gawker Media, the online publisher ordered to pay $140 million to former wrestler Hulk Hogan over the publication of a sex tape, filed for bankruptcy and is planning to put itself up for sale. Linda So reports.