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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...

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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.


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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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Wasn’t most of the 384k owed to other businesses he owns IIRC?
Yes, but then once TSR is bankrupt, the debt owed to the other companies can be written off on taxes.

So the idea is Company A loans Company B $. Company B buys X, and uses it or undeclared gives it to Company A or owner. Company B declares bankruptcy. Company A writes off the loan as a loss and doesn't pay taxes for it. The owner of both companies gets the benefits of what X was.

If that sounds illegal to you, well, it usually is.
 

The one and only asset of value that they have (but clearly is not going to be sold in their clearance sale) is their ownership of the acronym. It is tainted and damaged, but there is a history to it....
The claim of $0 in assets would indicate that they've already transferred the trademark to another LLC, otherwise they would have to declare it as part of their assets.
 

The claim of $0 in assets would indicate that they've already transferred the trademark to another LLC, otherwise they would have to declare it as part of their assets.

They declared owning the trademarks for TSR, Star Frontiers and other stuff, but at $0 book value. https://www.enworld.org/threads/the-full-glorious-history-of-nutsr.684697/post-9043988

The bigger deal about NuTSR owning $0 of assets means that all the copies of Dungeon Crawl, Those Pesky Goblinz, and all other merch belongs to someone else. Presumably the museum, but with finances this sketchy you can never be sure.
 


They declared owning the trademarks for TSR, Star Frontiers and other stuff, but at $0 book value. https://www.enworld.org/threads/the-full-glorious-history-of-nutsr.684697/post-9043988

The bigger deal about NuTSR owning $0 of assets means that all the copies of Dungeon Crawl, Those Pesky Goblinz, and all other merch belongs to someone else. Presumably the museum, but with finances this sketchy you can never be sure.
How on earth are they claiming that these trademarks have $0 value?

:head-desk:
 



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