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Gunmaker Remington Files For Bankruptcy

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Remington Arms Co., the company that manufactured the Bushmaster AR-15-style rifle that was used in the Sandy Hook shooting, filed for bankruptcy Sunday as gun sales slump.

In its filing with the U.S. Bankruptcy Court for the District of Delaware, the Madison, N.C.-based company said it has between 5,001 and 10,000 creditors and assets at between $500 million and $1 billion.

Read the full report here.

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