Remington Outdoor Company has officially filed for bankruptcy since suffering sales and a lawsuit from the 2012 Sandy Hook School shooting. According to reports, Remington plans to hand it all over to its creditors with the hopes of writing off most of their debt. Cerberus Capital Management LP bought Remington for $118 million in 2007, assuming $252 million in debt in the process. Remington was founded in New York in 1816 but is now based out of North Carolina. The company who bought it, Cerberus Capital Management, created a holding company, Freedom Group, who rolled it into other manufacturers it...