AFP: The National Weapons Federation in the United States declares bankruptcy


President of the National Weapons Federation of the United States Wayne Lapier

The National Weapons Federation (arms lobby in force in the United States) declared bankruptcy, on Friday, in order to freeze prosecutions against him in the state of New York, according to Agence France-Presse.

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The president of the federation, Wayne Lapier, said, in a letter to its members, that in order to ensure the future of the union, “far from the toxic political environment in New York,” the Federation and one of its branches began the procedures of “Chapter Eleven” before the bankruptcy court in Texas, and explained, commenting on this decision By saying: “This plan can be reduced to that we give up New York.”

“It is not planned to bring about any major change at the level of operations or personnel,” Labier said, stressing that “the union is not bankrupt, nor will it stop its activities, nor has it lost its financial solvency.”

It is worth noting that this measure falls within the framework of a restructuring plan, which aims to transfer this conservative and influential group to Texas, where firearms are abundant.

Meanwhile, the judicial authorities in this democratic state filed a complaint against this union last August, and against Lapier and three of its senior officials, for “using the contributions of those belonging to the union as their own savings,” to the extent that the association is virtually insolvent.

For her part, the Attorney General, Letisa James, denied that there was “any political motive behind these judicial procedures,” acknowledging at the same time that this complaint “might cause the dissolution of the union”, where she pointed out, after the announcement of the restructuring, that “the financial situation “The proclaimer of the Union has finally fallen into bankruptcy, its moral status, and we will not allow the Union to use this tactic to evade its responsibilities.

It should be noted that the protection of Chapter Eleven in the United States leads to the suspension of prosecutions and prevents creditors from moving to obtain their financial dues.

Source: “France Press”

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