A Colt Defense executive says the company is set to emerge from bankruptcy by mid-January and potentially sooner. The firearms maker, which announced in June it voluntarily filed for Chapter 11 bankruptcy protection, said earlier this month the U.S. Bankruptcy Court for the District of Delaware has confirmed its reorganization plan. "Upon completion of the restructuring process, which is expected to occur in the coming weeks, the Plan will significantly restructure and reduce the Company's debt, improve its capital structure...
