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

​

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.

​

 

[Lidgar]

To this non-lawyer, it smells fishy for someone to file Chapter 7 (i.e. send the company to the organ banks) and at the same time claim to be able to operate a business that is the very same company except wearing Groucho glasses. Someone doing that legitimately would presumably go Chapter 11 (i.e. a fiscal mulligan) instead.

 

[Dannyalcatraz]

Re: hiding assets from Bankruptcy courts:

Wisconsin Man Sentenced for Hiding 'Dukes of Hazzard' General Lee Replica

He didn't want to give up his Charger!

www.yahoo.com

 

[Cordwainer Fish]

Re: hiding assets from Bankruptcy courts:

Wisconsin Man Sentenced for Hiding 'Dukes of Hazzard' General Lee Replica

He didn't want to give up his Charger!

www.yahoo.com

Wonder if it'll go up for auction. I'd buy it, paint it blue, put a 35 star US flag on the roof, program the horn to play the Battle Hymn of the Republic, and rename it General Sherman.

 

[ValamirCleaver]

I'd buy it, paint it blue, put a 35 star US flag on the roof, program the horn to play the Battle Hymn of the Republic, and rename it General Sherman

Spoiler: General Sherman image

 

[Steampunkette]

Wonder if it'll go up for auction. I'd buy it, paint it blue, put a 35 star US flag on the roof, program the horn to play the Battle Hymn of the Republic, and rename it General Sherman.

Think you might appreciate this. As someone from Georgia, I surely do.

 

[Zardnaar]

Think you might appreciate this. As someone from Georgia, I surely do.

I remember some stories you t9ld me 8n one of our conversations.

Currently watching a YouTube video on Appalachia/West Virginia.

 

[Wincenworks]

Justin had his hearing... and having listened to the recording of the Zoom Call, I can confidently say it went about as well as can be expected.

The Trustee has requested that copies of it not be distributed on the Internet, essentially he does not want it to become a public spectacle or to have to deal with a rowdy mob, so in respect of that - I present the following summary:

The trustee is no fool, and asked some probing questions to which Justin did not have good answers for, and has been asked to supply further information, and may be deposed regarding some of the statements - this is likely because a number of his claims hinge on him having made verbal agreements, with himself - and having issued promissory notes from one business to the other, etc.

Justin certainly did not do himself any favours in the hearing - I'm not going to go into a lot of details as I am not interested in being his unofficial legal advisor - but one that Tom has already pointed out is that he threw his lawyer under the bus, and then stated he'd gotten his advice on filing in the wrong court from YouTubers.


Truly, this does not project the image of a careful, well informed businessman genuinely doing the best he can.

 

[vecna00]

Holy. Crap.

 

[Dioltach]

Nothing screams "professional" like getting your legal advice from YouTube.

 

[jdrakeh]

Nothing screams "professional" like getting your legal advice from YouTube.

I mean, it worked out fine for Vic Mignogna (It did not work out fine for Vic Mignogna).