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Gun Maker Remington Seeks Bankruptcy Protection

Firearms builder Remington Outdoor Co. sought failure insurance Sunday, in a face of a complicated debt load, descending sales and lawsuits tied to a Sandy Hook propagandize shooting.

Remington filed for section 11 insurance in a U.S. Bankruptcy Court in Wilmington, Del., with skeleton to palm over control of a association to the creditors—including Franklin Resources Inc. and JPMorgan Chase Co.’s asset-management division—in sell for wiping most of the debt from the change sheet.

Article source: https://www.wsj.com/articles/gun-maker-remington-seeks-bankruptcy-protection-1522025682