Another day, another bankruptcy.
From retail to restaurants, businesses are struggling to survive. Several have been forced to file for bankruptcy in hopes of staying afloat.
The company announced in a press release that they sold "substantially all of its assets" to Amici Partners Group, LLC as part of their Chapter 11 filing.
The rumors about Remington Arms filing for bankruptcy again are true. On Monday, America's oldest gunmaker filed a Chapter 11 petition in U.S. Bankruptcy Court in Alabama for the second time since 2018.