Sharps Rifle Company has filed for bankruptcy with the Wyoming District U.S. Bankruptcy Court. The Sharps bankruptcy filing shows that Sharps has been struggling for quite a while now, and with only one current employee, is further evidence that the company has been struggling for some time. In 2019 Sharps only brought in $578,000.
The documents filed with the Bankruptcy court reveal that the Sharps rifle company owes more than $4 million. $835,986 is from a judgment brought against Sharps for fraud and intellectual property violations. Some of the debts are as high as $2 million for items such as advertising, equipment, and liquid capital.
If you are experiencing debt issues or your business is in financial trouble, contact our office at 816-524-4949 or visit our website at www.hoorfarlaw.com