I think old Wayne finally screwed the pooch this time. Unfortunately he is screwing us in the process.
So what will happen?
My guess is they'll deny the bankruptcy filing. In another action they'll decide that abolishing the NRA is too strict a remedy. The court may appoint a special master with dictatorial powers. The special master may decide that the NRA has to concentrate on target shooting etc. and not on lobbying Congress etc. the NRA may be required to stop opposing "sensible" gun laws.