Colt Emerges From Bankruptcy

By Dan Zimmerman

Defying the expectations of many, the rampant horse rides again. Colt Defense LLC has emerged from the legal quagmire of Chapter 11 bankruptcy proceedings (press release follows). They’ve raised some capital, dumped some debt and now they’re tanned, rested and ready to roll once again. The only question remaining: whether they have the product line and marketing chops to appeal to the American gun buyer in a significant way. In their favor is the fact that gun sales are booming, and figure to only get better as the election (and Hillary!’s “inevitable” nomination) approaches. Then again, the company couldn’t seem to take advantage of the last biggest gun-buying boom in American history. As with most great questions of the day, the answer will be revealed in the fullness of time . . .

WEST HARTFORD, Conn. – January 13, 2016 – Colt Defense LLC (“Colt” or the “Company”), today announced it has completed its financial restructuring and emerged from its Chapter 11 process. The Company concluded its restructuring after completing all required actions and satisfying all remaining closing conditions to its Amended Joint Plan of Reorganization (the “Plan”), which was confirmed by the United States Bankruptcy Court for the District of …Read the Rest

Source:: Truth About Guns