...The ongoing political onslaught caused irreparable harm. This effort was a clear attempt to cast a shadow over the historic 2008 Presidential election, and set up a far right counter offense. Through those attacks we re-tooled and re-organized. Then again came the right-wing media blitz. This time of edited videos that misrepresented our mission, and consequently misled the public. The pressure and cost of defending ourselves in multiple investigations as a result of the falsified videos has eroded our organization. As a result we will be filing Chapter 7 bankruptcy by close of business today.
We have seen this coming for some time. Our chapters closed in the first quarter of the year. We have spent our remaining resources trying to dissolve the organization with integrity, while continuing to respond to the extremist attacks. Allegations and reports will continue to try to undermine all that ACORN has done, often searching for evidence from long before I became CEO....
http://www.acorn.org/node/712