bankruptcy

Amid allegations of exorbitant, improper spending by its CEO and a failed attempt to file for bankruptcy, the National Rifle Association (NRA) is on the search for a new location for its headquarters, and Wyoming Governor Mark Gordon, along with Secretary of State Ed Buchanan have sent the Virginia-based, purported non-profit organization a letter, inviting them to relocate to Wyoming.

According to the proposed settlement, two main categories in this case apply under bankruptcy law.

The National Rifle Association on Friday announced that it is declaring bankruptcy and reincorporating in Texas.

Chesapeake, like other energy companies, has been hammered by low energy prices.

The Belle Ayr and Eagle Butte mines are now owned by Eagle Specialty Materials, LLC., a subsidiary of Alabama-based FM Coal.

Others are expected to follow.

Ultra Petroleum officials say the company is expected to continue normal operations under the restructuring agreement.

Lawyers for the company filed a motion in U.S. Bankruptcy Court Jan. 9 asking for extensive investigation.

Hoops declined to comment.

The company also owes $853,986 in an apparent judgment, bankruptcy filings say.