Skip to comments.ACORN files for bankruptcy
Posted on 11/02/2010 3:21:31 PM PDT by RatherBiased.com
If youre a Republican looking for a cherry to put on top of your election sundae, here it is pulled straight from the website of Association of Community Organizations for Reform Now:
The ongoing political onslaught caused irreparable harm. This effort was a clear attempt to cast a shadow over the historic 2008 Presidential election, and set up a far right counter offense. Through those attacks we re-tooled and re-organized. Then again came the right-wing media blitz. This time of edited videos that misrepresented our mission, and consequently misled the public. The pressure and cost of defending ourselves in multiple investigations as a result of the falsified videos has eroded our organization. As a result we will be filing Chapter 7 bankruptcy by close of business today.
We have seen this coming for some time. Our chapters closed in the first quarter of the year. We have spent our remaining resources trying to dissolve the organization with integrity, while continuing to respond to the extremist attacks. Allegations and reports will continue to try to undermine all that ACORN has done, often searching for evidence from long before I became CEO.
Thank you to all our members, supporters, funders, friends and allies who helped ACORN carve out a deep and lasting place in history. Let us all learn from the past, and march boldly into the future. ACORN will live on in the hearts of the people it served, and as those of us who fight for justice know, THE PEOPLE UNITED WILL NEVER BE DEFEATED.
Yeah, they said it ACORN is history. Im sure ACORN will be back, in some mutated form or another, but its still a significant victory for critics of the organization and its controversial tactics.
Let George Soros buy them.
....they don’t give up, they just change their name.
lol....The only way it would be better is if all the employees had to file personal bankruptcies, too.
Is ACORN a single entity? Are they a corporation? Is the federal government still funding them?
The need to be filing for parole...
The problem is that it took two years to do this. We have to find a better way to close outfits like this down in a timely manner. Then follow through with prosecution and do it within six months.
Obambi is taking all their money to go to India.
They aren’t going anywhere.
I won’t be happy until some of them criminals are brought up on charges trying to defraud the government.
McCain and Richard Burr must be sad.
All their many bank accounts squirreled in several locations, some of which are off shore, have now been emptied by the Rathke boys and funneled to the next group of front orgs democrats will have the unions and feds funneling new cash to. Of course the Rathke scum have taken their skim from the top, perhaps even donating a few mill to Andy ‘I’m an international commie now’ Stern.
Pass me another beer.
They closed down ACORN and opened up under several different names instead.
I don’t know, but I would guess that they’re just doing it so they write off some of their old debts without bothering to pay them. And so they can cancel out any potential lawsuits looking for damages.
Don’t be naive.
“Acorn” may be gone, but they have already spawned a dozen more non-profits....recipients of Stimulus $$$, going on about their business of stealing elections.
That’s what I figured. So how do they file bankruptcy?
Come on we need to be smarter than this.....
“....they dont give up, they just change their name”
Burn all documents and run.
Obummer can’t protect you anymore.
With two years of a corrupt AG, this is rocket docket.
Have you hear the teil about rattlesankes.
You can cut them in half and they can still kill you.
The important problem is the utter corruption in the various Cabinet Depts and TSAR hoods.
Peoples' memory must be pretty short:
Association of Community Organizers for Reform Now (ACORN) leaders are using the threat of a law suit to silence and intimidate critics, according to current and former members of the liberal activist group.
In a letter dated June 11 an attorney for ACORN advised top whistleblowers that their unauthorized use of the organizations name could make them liable for monetary damages and injunctive relief.
ACORN executives have also changed their organizations name, which was tarnished by investigations in at least 14 states of allegations of voter registration fraud during the 2008 presidential campaign, and charges by current and former members of financial mismanagement and misrepresentation.
The new name will let ACORN leaders continue their operations without worrying about prior bad publicity, according to Marcel Reid of ACORN 8, a group of present and former members.
In fact, the process has already begun, she noted. Wade Rathke, who founded the organization, announced on his blog that ACORN International has officially changed its name to Community Organizations International.
And, it appears that Community Organizations International is alive and well.
Glad to see there is another informed patriot out there that doesnt fall for media spin to make us feel good while they lead us down another path of deception...
They are just unloading their debts and other baggage (including the “ACORN” name). They are now doing business under a number of different names.
Its pure propaganda are freepers this dumb or are they lefties?
That's what I remember. Slippery little eels aren't they?
Many of us are aware of this but they have been uncoverd, robbed of a well-known brand and forced to spend mucho dinero, good will, political capital and enterprise energy fighting the good guys.
We didn't kill them but we hit them pretty d@mned hard. We won. They lost.
The cockroaches have only scattered somewhere else.
ACORN is meaningless. The rats scattered into literally hundreds of holes under new and different names. I'll try to find the Soros-funded names for what used to be ACORN.
Still alive and well, and spreading the disease...
Translation: "We lost the last of our reserves on hookers and whiskey."
So they’re filing for bankruptcy so they can protect the billions of dollars promised them by Obama?
...like I said, they’re like roaches, they never go away, they’ll resurface with another scam
.....................ACORN is meaningless. The rats scattered into literally hundreds of holes under new and different names......................
Under bankruptcy law, there is a look-back period where any funds of the bankrupt entity that appears to favor one creditor, or attempts to defraud the creditors as a whole, can be clawed back to the benefit of the general creditors.
If fraud of the bankrupt entity is indicated, the claw back period extends back many more months, if not years. (See Madoff)
I’m certain that this Acorn filing is one day after the claw back provisions expire, so all the little RAT holes can spawn new little corrupt oak saplings to drop Acorn nuggets for years into the future.
Exactly! Plus I seem to remember a similar story last year about ACORN claiming bankruptcy. The hydra can not be killed by cutting it’s head off, you must stab it’s heart.
ACORN Has now grown upto be an Oak Tree will need a Stihl Chain saw and.or a Husqvarna to cut down the sprouted ACORN - Oak. Ct down the withering Oak and shove through the wood chipper thasn burn up the chips, so it no longer can have a problem in America. Bury the ashes in the dung heap of Obummer Hopeless Change. National Democratic Socities are faltering from within - fraud corruption and greed have killed them and Obummer has helped with their demise they may go out kicking and screaming. But Obummers agenda has opened up the sleeping giant and the giant is going to stomp it out.
.....a hundred times with an ice-pick!
Of course, not in a mean way...count nice and slow.
Who will help the pimps import underage prostitutes now?
If true, this is a perfect capper for the shellacking that the Democrats are receiving today in the ballot box.
I do not believe they are gone. This is a ruse, and they are just reconfigured.
Mett the new ACORN, same as the old ACORN.
One can only hope their creditors are Democrats.
But they are likely screwing Republican landlords, suppliers, and Republican small businesses.
...theyre just doing it so they write off some of their old debts without bothering to pay them. And so they can cancel out any potential lawsuits looking for damages.
I think you are exactly right.
The pressure and cost of defending ourselves in multiple investigations as a result of the falsified videos has eroded our organization. As a result we will be filing Chapter 7 bankruptcy by close of business today.They were right about one thing -- the People are united, and We will never be defeated! Thanks RatherBiased.com.
Told ya it was a bunch of bs dont be so gullible the left counts on it...