Colt Firearms Files Chapter 11 Bankruptcy

wow im shocked by this news
WEST HARTFORD, Conn.--Colt Defense LLC (“Colt” and the “Company”) announced today in voluntary Chapter 11 materials filed in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) a process that will allow for an accelerated sale of Colt’s business operations in the US and Canada.
Colt Defense Announces Fast Track Restructuring > Colt's Manufacturing Company LLC