Remington Arms Co on Monday filed for Chapter 11 bankruptcy safety for the second time in two years because the U.S. gunmaker confronted monetary troubles partly as a result of some retailers positioned restrictions on gun gross sales after faculty shootings.
The gunmaker has filed for Chapter 11 bankruptcy safety in U.S. Bankruptcy courtroom for Northern District of Alabama, based on the court submitting.
Within the submitting, the corporate listed its belongings and liabilities each within the vary of $100 million to $500 million.
