Colt to file chapter 11 bankruptcy on Monday

[Parker Duofold]

http://www.marketwatch.com/story/colt-defense-to-file-for-chapter-11-bankruptcy-protection-by-monday-2015-06-14

And more from Colt today:

http://www.businesswire.com/news/home/20150614005128/en/Colt-Defense-Announces-Fast-Track-Restructuring#.VX7um0Y-WSp

 

[Fixxah]

Another one bites the dust.

 

[timbo]

Does this mean my Colt 1911 Combat Elite and Colt Python increase yet again in value?

 

[IvIax]

Is it too late to sell my two pythons?

 

[Asaltweapon]

Might put my search for the Anaconda out of reach leaving the Python and Diamondback lonely in the snake pit.

 

[xtry51]

Think about how completely terrible your ability to run a gun business must be to go bankrupt while operating one of the most iconic names in firearms during the most profitable 8 years the industry has ever seen and you make two of the most popular firearms that have ever existed (m4, 1911).

I mean you really have try. I say good riddance.

 

[Spanz]

maybe if they embraced private citizens buying their guns, instead of discouraging them...they would not be in this situation

 

[usp45ct]

I wonder if their custom shop still has an 18-24 month wait?

 

[Parker Duofold]

Is it too late to sell my two pythons?

No, I think it's too early to sell your two Pythons.

 

[jason19711971]

Colt Defense is filing chapter 11, not Colt firearms. They are two separate divisions