Remington Files for Chapter 11 Reorganization
Remington Outdoor Company announced that Remington and its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Alabama.
Remington intends to conduct a competitive bidding process for the sale of some or all of its assets pursuant to Section 363 of the Bankruptcy Code.
The court’s protections during the Chapter 11...