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story.lead_photo.caption FILE - In this Jan. 28, 2013, file photo, firearms training unit Detective Barbara J. Mattson, of the Connecticut State Police, holds up a Bushmaster AR-15 rifle, produced by Remington Arms and the same make and model of gun used by Adam Lanza in the Sandy Hook School shooting, for a demonstration during a hearing of a legislative subcommittee reviewing gun laws, at the Legislative Office Building in Hartford, Conn. Remington Arms has filed for Chapter 11 bankruptcy protection, Tuesday, July 28, 2020, for the second time in a little more than two years, despite a recent surge in gun demand. Remington is currently embroiled in a lawsuit involving the the 2012 Sandy Hook school shooting. (AP Photo/Jessica Hill, File)

Remington Arms, weighed down by lawsuits and retail sales restrictions following the Sandy Hook school massacre, is seeking bankruptcy protection for the second time in as many years.

In a Chapter 11 filing in U.S. Bankruptcy court for Northern District of Alabama this week, the nation's oldest gunmaker listed assets and liabilities of $100 million-$500 million, and 1,000-5,000 creditors.

In the most recent legal action this year against the Madison, North Carolina, company, families of those killed in the 2012 Sandy Hook school shooting were granted access to the computer of the shooter.

The families are looking for evidence of the shooter's exposure to advertisements for weapons. They said Remington violated the Connecticut Unfair Trade Practices Act by marketing its Bushmaster XM15-E2S, an AR-15 style weapon, to civilians.

The weapon was used to kill 20 children and six adult staff at the school.

Remington sought bankruptcy protection in 2018. It exited court protection the same year, owned by creditors.

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