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ACORN files for bankruptcy
Washington Examiner ^ | Mark Hemingway

Posted on 11/02/2010 3:21:31 PM PDT by RatherBiased.com

If you’re 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.” I’m sure ACORN will be back, in some mutated form or another, but it’s still a significant victory for critics of the organization and its controversial tactics.


TOPICS: Crime/Corruption; Front Page News; News/Current Events; Politics/Elections
KEYWORDS: 2010midterms; acorn; bankrupt; leftists; loonyleft

1 posted on 11/02/2010 3:21:33 PM PDT by RatherBiased.com
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To: RatherBiased.com

Let George Soros buy them.


2 posted on 11/02/2010 3:23:25 PM PDT by tips up
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To: RatherBiased.com

....they don’t give up, they just change their name.


3 posted on 11/02/2010 3:24:44 PM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: RatherBiased.com

lol....The only way it would be better is if all the employees had to file personal bankruptcies, too.


4 posted on 11/02/2010 3:25:36 PM PDT by Psycho_Bunny (Hail To The Fail-In-Chief)
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To: RatherBiased.com

Is ACORN a single entity? Are they a corporation? Is the federal government still funding them?


5 posted on 11/02/2010 3:25:47 PM PDT by ilovesarah2012
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To: RatherBiased.com

The need to be filing for parole...


6 posted on 11/02/2010 3:26:02 PM PDT by FrankR (November 2nd is NOT an election - it's a RESTRAINING ORDER.....VOTE!)
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To: RatherBiased.com

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.


7 posted on 11/02/2010 3:26:16 PM PDT by RC2
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To: RatherBiased.com

Obambi is taking all their money to go to India.


8 posted on 11/02/2010 3:26:52 PM PDT by Red_Devil 232 (VietVet - USMC All Ready On The Right? All Ready On The Left? All Ready On The Firing Line!)
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To: RatherBiased.com

They aren’t going anywhere.


9 posted on 11/02/2010 3:27:32 PM PDT by cripplecreek (Remember the River Raisin! (look it up))
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To: Psycho_Bunny

I won’t be happy until some of them criminals are brought up on charges trying to defraud the government.


10 posted on 11/02/2010 3:27:32 PM PDT by Blue Highway ("Judge me by the people with whom I surround myself" Barack Obama, Oct 15, 2008 Presidential debate)
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To: tips up

McCain and Richard Burr must be sad.


11 posted on 11/02/2010 3:27:58 PM PDT by rrrod (at home in Medellin Colombia)
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To: RatherBiased.com

12 posted on 11/02/2010 3:29:19 PM PDT by paulycy (Demand Constitutionality: Islamo-Marxism is Evil.)
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To: RatherBiased.com
ACORN,Acorn,Politics,satire,obama
13 posted on 11/02/2010 3:30:04 PM PDT by Flag_This (Real presidents don't bow.)
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To: RatherBiased.com

14 posted on 11/02/2010 3:30:18 PM PDT by clearcarbon
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To: ilovesarah2012

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.


15 posted on 11/02/2010 3:30:18 PM PDT by MHGinTN (Some, believing they can't be deceived, it's nigh impossible to convince them when they're deceived.)
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To: RatherBiased.com

Hurray!

Pass me another beer.


16 posted on 11/02/2010 3:31:00 PM PDT by Outrance
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To: RatherBiased.com

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.


17 posted on 11/02/2010 3:31:23 PM PDT by Cicero (Marcus Tullius.)
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To: RatherBiased.com

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.


18 posted on 11/02/2010 3:32:31 PM PDT by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon))
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To: MHGinTN

That’s what I figured. So how do they file bankruptcy?


19 posted on 11/02/2010 3:32:57 PM PDT by ilovesarah2012
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To: RatherBiased.com
Don't you realize that they received BILLIONS and just redistributed tax payer money to groups around the country under different names?

Come on we need to be smarter than this.....

20 posted on 11/02/2010 3:33:33 PM PDT by USSR Didnt Fall
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To: Doogle

“....they don’t give up, they just change their name”

Exactly!


21 posted on 11/02/2010 3:33:40 PM PDT by kcvl
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To: RatherBiased.com

Translation:
Burn all documents and run.

Obummer can’t protect you anymore.


22 posted on 11/02/2010 3:33:44 PM PDT by Zathras
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To: RC2

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.


23 posted on 11/02/2010 3:33:53 PM PDT by Marty62 (Marty 60)
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To: RatherBiased.com
So what?

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 organization’s name could make them liable for monetary damages and injunctive relief.

ACORN executives have also changed their organization’s 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.

24 posted on 11/02/2010 3:36:11 PM PDT by markomalley (Extra Ecclesiam nulla salus)
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To: DCPatriot

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...


25 posted on 11/02/2010 3:36:58 PM PDT by USSR Didnt Fall
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To: RatherBiased.com

They are just unloading their debts and other baggage (including the “ACORN” name). They are now doing business under a number of different names.


26 posted on 11/02/2010 3:37:18 PM PDT by kennedy (I am a Kennedy. Where do I go to claim my Senate seat?)
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To: cripplecreek

Its pure propaganda are freepers this dumb or are they lefties?


27 posted on 11/02/2010 3:39:03 PM PDT by USSR Didnt Fall
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To: markomalley
"And, it appears that Community Organizations International is alive and well."

That's what I remember. Slippery little eels aren't they?

28 posted on 11/02/2010 3:40:46 PM PDT by AmericaUnite
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To: DCPatriot
Don’t be naive.

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.

29 posted on 11/02/2010 3:47:57 PM PDT by paulycy (Demand Constitutionality: Islamo-Marxism is Evil.)
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To: RatherBiased.com
and their new name is, what... RATS R US???
30 posted on 11/02/2010 3:48:54 PM PDT by Chode (American Hedonist - Voter Fraud should be a Capital Offense!!!)
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To: cripplecreek

The cockroaches have only scattered somewhere else.


31 posted on 11/02/2010 3:52:14 PM PDT by texaschick
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To: RatherBiased.com
Careful!
Before anyone gets all excited about the demise of the losers....

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...

32 posted on 11/02/2010 3:57:29 PM PDT by Publius6961 ("In 1964 the War on Poverty Began --- Poverty won.")
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To: RatherBiased.com

Sweet!


33 posted on 11/02/2010 4:00:27 PM PDT by therightliveswithus
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To: RatherBiased.com
We have spent our remaining resources trying to dissolve the organization with integrity

Translation: "We lost the last of our reserves on hookers and whiskey."

34 posted on 11/02/2010 4:01:35 PM PDT by earlJam
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To: Doogle
Funny how they are filing today. I guess it really the Dem defeat really is a certainty. Maybe they figure filing today just looks better than filing tomorrow.

In Pa., they spent the summer trying to help Sestak

35 posted on 11/02/2010 4:02:53 PM PDT by Tribune7 (The Democrat Party is not a political organization but a religious cult.)
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To: RatherBiased.com

So they’re filing for bankruptcy so they can protect the billions of dollars promised them by Obama?


36 posted on 11/02/2010 4:04:09 PM PDT by aruanan
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To: Tribune7

...like I said, they’re like roaches, they never go away, they’ll resurface with another scam


37 posted on 11/02/2010 4:05:54 PM PDT by Doogle ((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated))
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To: Publius6961

.....................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.


38 posted on 11/02/2010 4:07:33 PM PDT by Noob1999 (Esp. A crash scene, or fiery pyrotechnics!)
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To: DCPatriot

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.


39 posted on 11/02/2010 4:07:56 PM PDT by DHSMostWanted (I'm too good to be a Democrat)
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To: RatherBiased.com

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.


40 posted on 11/02/2010 4:11:20 PM PDT by hondact200 ( Lincoln Freed the Enslaved. Obama Enslaves the Free. Obama is Americas Greatest Threat)
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To: texaschick
The cockroaches have only scattered somewhere else.

Eggzactly.

41 posted on 11/02/2010 4:13:17 PM PDT by talleyman (Satan is the Father of Lies - Satan is a Democrat)
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To: DHSMostWanted
"...can not be killed by cutting it’s head off, you must stab it’s heart."

.....a hundred times with an ice-pick!

Of course, not in a mean way...count nice and slow.

42 posted on 11/02/2010 4:13:32 PM PDT by DCPatriot ("It aint what you don't know that kills you. It's what you know that aint so" Theodore Sturgeon))
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To: RatherBiased.com

Who will help the pimps import underage prostitutes now?


43 posted on 11/02/2010 4:15:44 PM PDT by E Rocc (November 2, 2010: The beginning of the end of the kleptocracy.)
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To: RatherBiased.com

If true, this is a perfect capper for the shellacking that the Democrats are receiving today in the ballot box.


44 posted on 11/02/2010 4:19:58 PM PDT by snowsislander (In this election year, please ask your candidates if they support repeal of the 1968 GCA.)
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To: RatherBiased.com

I do not believe they are gone. This is a ruse, and they are just reconfigured.


45 posted on 11/02/2010 4:38:13 PM PDT by Bigg Red (Palin/Hunter 2012 -- Bolton their Secretary of State)
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To: ilovesarah2012

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.


46 posted on 11/02/2010 4:38:21 PM PDT by Aroostook25
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To: Cicero

...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.

&&&
I think you are exactly right.


47 posted on 11/02/2010 4:42:14 PM PDT by Bigg Red (Palin/Hunter 2012 -- Bolton their Secretary of State)
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To: AdmSmith; Arthur Wildfire! March; Berosus; bigheadfred; ColdOne; Convert from ECUSA; Delacon; ...
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.


48 posted on 11/02/2010 5:55:22 PM PDT by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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49 posted on 11/02/2010 7:30:39 PM PDT by SunkenCiv (The 2nd Amendment follows right behind the 1st because some people are hard of hearing.)
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To: RatherBiased.com

http://www.wnd.com/

Told ya it was a bunch of bs dont be so gullible the left counts on it...


50 posted on 11/05/2010 7:25:51 AM PDT by USSR Didnt Fall
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