Attendees take a look at a show of Remington shotguns through the NRA Annual Assembly & Displays on the Kay Bailey Hutchison Conference Middle on May 5, 2018 in Dallas, Texas. The Nationwide Rifle Affiliation’s annual assembly and exhibit runs by means of Sunday.Justin Sullivan | Getty ImagesRemington, which payments itself as America’s oldest gun producer, has filed for Chapter 11 chapter safety for the second time in simply over two years. The submitting comes simply days after the obvious collapse of talks between the corporate and the Navajo Nation, which reportedly was contemplating buying Remington’s belongings in a prepackaged chapter that may have allowed the corporate to shed its liabilities. It was unclear from the chapter submitting late Monday whether or not the corporate had discovered another purchaser. Remington beforehand filed for chapter in 2018, citing declining gross sales. It emerged two months later in command of its lenders together with Franklin Assets and JPMorgan Chase. However gross sales apparently by no means sufficiently rebounded regardless of a surge of curiosity in weapons because of the Covid-19 pandemic and nationwide social unrest this yr. The corporate has additionally been hobbled by product legal responsibility points together with lawsuits stemming from the 2012 taking pictures at Sandy Hook Elementary College in Connecticut, in addition to longstanding allegations — denied by the corporate — of product questions of safety with its well-liked Model 700 rifle, which CNBC has been investigating since 2010. The brand new submitting, in america Chapter Courtroom for the Northern District of Alabama, lists belongings and liabilities of between $100 million and $500 million. It additionally lists a division of Schultze Asset Administration, which focuses on distressed corporations, as a significant shareholder.