Remington Files for Bankruptcy Amid Nationwide Unrest, Surge in Gun Purchases

Remington Arms Co. filed for bankruptcy amid nationwide unrest and surging gun sales.

The firearm company filed for chapter 11 protection, or reorganization bankruptcy, for the second time since 2018, The Wall Street Journal reported Monday. Remington has been in business for over 200 years, according to its webpage.

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Background-Check Increase Suggests Spike in Tennessee Firearms Sales

The Tennessee background-check system for firearms has been backlogged because of a spike in requests from firearm dealers, suggesting an uptick in sales amid COVID-19 concerns.

Between March 12 and March 16, the Tennessee Bureau of Investigation processed 14,657 background checks. In a comparable period from last month – Feb. 13 through Feb. 17  – TBI processed 7,901 checks.

Although the system only tracks background checks processed and not the total number of firearms sold, the increase suggests more firearms are being purchased.

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