AIDS group NAPWA declares bankruptcy
With creditors owed more than $750,000, the National Association of People with AIDS filed for Chapter 7 bankruptcy on Thursday and announced it is going out of business 30 years after it was founded in 1983. “The National Association of People with AIDS (NAPWA) – the largest, oldest, and most trusted voice for the 1.2 million people living with HIV/AIDS in the U.S. – has ceased operations and has filed a petition in United States Bankruptcy Court to discharge its debs in bankruptcy and liquidate,” the chair of the group’s Board of Trustees, Tyler TerMeer, said in a Feb. 14 statement. The two-page statement highlights NAPWA’s pioneering work on behalf of the rights and wellbeing of people with HIV and AIDS but provides no further information on how NAPWA’s financial health deteriorated to the point where the group was forced into bankruptcy. One source familiar with NAPWA and some of its board members said the bankruptcy filing follows reports late last year that as much as $700,000 in NAPWA funds was either missing or unaccounted for. According to the source, the discovery that funds were unaccounted for prompted the board to ask the Montgomery County States Attorney’s office to investigate the matter.