TSR NuTSR Declares Bankruptcy

NuTSR, owned by Justin LaNasa, has filed for Chapter 7 bankruptcy, which will liquidate the company's assets.

NuTSR's gross revenue so far for 2023 is $621.93 according to the documents filed in North Carolina. This is balanced against total liabilities of just over $384,000.

The company made the news over the last couple of years, emerging in 2020 when then-owners Justin LaNasa and Stephen Dinehart registered the defunct TSR trademarks and launched the new venture with the involvement of Ernie Gygax, one of D&D co-creator Gary Gygax's sons. Over the following months, NuTSR generated controversy after controversy, attempted to sue D&D publishers Wizards of the Coast via a crowdfunding effort, and in March 2022 eventually found itself on the receiving end of a lawsuit from them.

TSR - The Full & Glorious History of NuTSR

Because the Saga of TSR3 has been ongoing for a while, with many landmarks, I thought I'd do a quick timeline for those who haven't had the time (or, frankly, inclination) to keep up with the whole palaver. As multiple entities refer to themselves as TSR, I will use the nomenclature (1), (2)...

www.enworld.org

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As a consequence of the bankruptcy petition the current lawsuit between WotC and NuTSR is on hold, postponed until March 2024. NuTSR's website is still active.

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[Morrus]

I find it hard to believe that $621.93 in assets can include any real estate at all,

Revenue, not assets.

 

[Ath-kethin]

With a name like TSR, what did they expect? Literally every company to use that name has gone bankrupt.

 

[RealAlHazred]

Revenue, not assets.

I stand (well, sit) corrected!

 

[MichaelSomething]

I say they sell it to Morrous! I bet he would be a better steward of the place. I'm sure everyone here would contribute to the necessary crowd funding campaign.

If they can disentangle their egos from it (which seems optimistic), they should hand it over to a non-profit or government agency. I assume Wisconsin has a historical society or parks service that could run it.

 

[Alzrius]

 

[CleverNickName]

I'm sure there is a Simpsons gif somewhere, that could perfectly summarize my feelings on this matter.

 

[RFB Dan]

This isn't the end of old Grits Lanasa and his grifting. His labyrinth of LLCs (most likely to hide assets from the IRS) will see to that.

 

[Remathilis]

 

[MGibster]

I've said NuTSR is the gift that keeps on giving. But it appears as though we won't be getting many new gifts from them in the future. What a dumpster fire.

 

[Wincenworks]

But it appears as though we won't be getting many new gifts from them in the future.

Oh don't sell them short.

There's still Dungeon Hobby Shop Museum LLC, who which may or may not be the unlawful recipient of all TSR LLC's assets, and TSR Hobbies LLC, and OSR Games LLC - that's assuming he doesn't get Mick or DaveJ to set up something.

This ride has got a long way to go yet.