Remington Outdoor Returns to Bankruptcy With Chapter 11 Filing

Remington Outdoor Co. filed for bankruptcy for the second time in two years with plans to sell the two-century-old maker of firearms.

The company listed assets and liabilities of up to $500 million in a petition filed late Monday with the U.S. bankruptcy court in Alabama. The Chapter 11 filing allows the company to keep operating while it devises plans to turn around the business and pay its creditors.

The petition says Remington seeks to set up a sale process, without naming a specific buyer. The Wall Street Journal reported that the company held talks with the Navajo Nation about ...