Lefkovitz & Lefkovitz
Nashville Office 615-686-2279 Cookeville Office 931-400-2218
Serving all of Middle Tennessee's Bankruptcy Needs

Remington: 200-year-old businesses use bankruptcy. So can you.

No individual or business is immune to financial struggles and problem debt. Recent news about Remington Outdoor Company, the famous gun maker founded in 1816, filing for bankruptcy illustrates the point.

Why does a 200-year-old company decide to address its debt problem in bankruptcy court? Because federal bankruptcy law provides powerful relief for all kinds of filers who qualify for protection. That includes modest, hardworking citizens who have experienced setbacks, and it includes large corporations that have suffered from declining revenues, brand denigration or problematic acquisitions.


Filing for Chapter 11

Remington, which is the largest American maker of shotguns and rifles, filed for Chapter 11 bankruptcy protection in late March, according to Reuters. Reportedly, the company was able to secure a $75 million loan to keep operating while setting out to deal with hundreds of millions of dollars in debt.

Since its humble beginnings in upstate New York more than two centuries ago, Remington has gone through numerous ownership changes and many up-and-down cycles as wars came and went, military needs evolved and generations of civilians purchased firearms and ammunition. In recent years, the company has struggled; Chapter 11 will allow it to survive, for now.

Could bankruptcy be good for you?

As we all know, individuals and families go through financial ups and downs, too. In your case, it might be a medical problem in the family, a job loss, a business failure, a divorce or another life-altering challenge.

Bankruptcy is not for everyone; there are pros and cons that must be weighed. If you are struggling with debt and considering your options for relief, Chapter 13 or Chapter 7 could help you reach your goals. Get legal advice to see if you qualify.


No Comments

Leave a comment
Comment Information

We Look At Your Case From Every Angle To Find The Solution That Is Right For You

Bankruptcy help for everyone, from the most simple to the most complex cases.

Call Us Now To Schedule A Free Initial Consultation

Contact our Nashville office at 615-686-2279 or our Cookeville office at 931-400-2218. You can also reach us via email to set up a time to talk to us about your debts.

Get Legal Help Now

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Nashville Office
618 Church Street, Suite 410
Nashville, TN 37219

Phone: 615-686-2279
Fax: 615-255-4516
Nashville Law Office Map

Cookeville Office
312 East Broad Street, Suite A
Cookeville, TN 38501

Phone: 931-400-2218
Fax: 931-526-6244
Cookeville Law Office Map

Back To Top