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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[DLIMedia]

sale... of what, though?

TSR has no assets; they themselves said that in the filing. The only non-zero value they mention is their overdrawn bank account.

I'm kind of worried that they might end up selling some of the museum's collection out of desperation. If he has his way, he'll sell the floorboards of the museum house just to save his ass.

 

[Sacrosanct]

What are they selling? They have no assets....

the domain name? I can't think of anything else. TSR-Hobbies never had any product. Any physical product was DHSM. So if they are selling that stuff, I guess you can get military knock off patches for $1 now, and dollar store dice for $4?

 

[jgsugden]

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....

And if Moviepass can try again, anything is possible. I'd love to see someone that actually appreciates what was good about the AD&D era get the name/acronym and do something good with it to restore it. It was sad to see something so iconic to my youth be so tainted.

 

[darjr]

TSR has no assets; they themselves said that in the filing. The only non-zero value they mention is their overdrawn bank account.

I'm kind of worried that they might end up selling some of the museum's collection out of desperation. If he has his way, he'll sell the floorboards of the museum house just to save his ass.

Rumor is they have been doing this already. I have no proof however.

They are selling tacky ruined versions of old games that they or someone rebound. It's tacky and a bit of a shame.

 

[humble minion]

What are they selling? They have no assets....

Well, they CLAIM they have no assets, but it’s not like they’re exactly known for rigorous corporate rectitude and transparency.

Dunno how things work in whatever jurisdiction this is in, but here in Australia this sort of thing comes under the heading of ‘trading while insolvent’ and gets you smacked down hard by the very biggest hammer that the corporate regulator can muster. If your business is bankrupt, it’s goddamn well bankrupt and you are under a clear obligation not to take people’s money, sale or no sale, when you know full well that a bankruptcy liquidator will very soon be running your company rather than you, and so you will likely never be able to perform your half of any sales made.

 

[Dioltach]

What are they selling? They have no assets....

Well, if it's a fire sale...

 

[Sacrosanct]

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....

And if Moviepass can try again, anything is possible. I'd love to see someone that actually appreciates what was good about the AD&D era get the name/acronym and do something good with it to restore it. It was sad to see something so iconic to my youth be so tainted.

Yeah, the nostalgic part of me hopes someone with money (and class) buys out the museum and name and saves it.

 

[DLIMedia]

They are selling tacky ruined versions of old games that they or someone rebound. It's tacky and a bit of a shame.

Oh they've been doing that for a while...

 

[Tales and Chronicles]

Y'all are forgetting their greatest asset:

their magnificent advertising board on the side of the highway!

 

[Zehnseiter]

No, $621.

Oh my. Now I know why the folks over at RPG.net added a [Go Fash, No Cash] a short while ago to the title of a very long going thread about nuTSR.

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