For years firearms commentators have been pondering how long Colt could maintain their course of action in the firearms community. For instance, there are many who believe that Colt has operated as if there was no true competition to their products, simply because of their name.
However, Colt’s insistence in overcharging consumers on name brand only, without offering significantly improved products, has led them down the path of destruction in a market full of. Well the Reaper has finally caught up with Colt. The only option the company had was to file Chapter 11 bankruptcy to avoid being shredded by its creditors, and likely the competition.