Monday, February 12, 2018

Gunmaker Remington to file for bankruptcy

   Due to the lawsuits and bad publicity surrounding the Bushmaster AR-15 style rifle that was used to kill the children at Sandy Hook, Remington is in debt up to its barrels.

   They were able to make a deal with debtors to refinance $700,000,000 in debt while they go into Chapter 11 bankruptcy.

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