Major firearms distributor serving thousands of retailers across multiple countries files for bankruptcy

A major distributor in the gun and outdoor sporting goods industry has filed for bankruptcy.

Big Rock Sports, LLC, a key supplier serving tens of thousands of retailers across the U.S. and abroad, has filed for Chapter 7 bankruptcy liquidation in the U.S. Bankruptcy Court for the Eastern District of North Carolina, according to court documents obtained by FOX Business.

The North Carolina–based company reported more than $100.9 million in liabilities, compared with estimated assets of between $10 million and $50 million.