Remington, one of nation's top gunmakers, files for bankruptcy
The move was expected amid the company's mounting debt and declining sales.
Remington, America's oldest gunmaker, announced in February it would reduce its $950 million debtload in a deal that will transfer control of the company to creditors.
The March for our Lives event was organised by students from Marjory Stoneman Douglas High School in Florida, after a gunman entered their campus on 14 February and killed 17 people.
The bankruptcy filing allows Remington to stay in business while restructuring its massive debt.
Sales fell by a third a year ago following the election of Donald Trump as US President - the reasoning being that there was no perceived risk of a clampdown on sales.
The company is one of the oldest gun and ammunition makers in the U.S.
However, hundreds of thousands of, mainly young, Americans took to the streets at the weekend for the biggest anti-gun rallies the country had ever seen.
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Citigroup Inc said last week it will require new retail-sector clients to sell firearms only to customers who passed background checks and to bar sales of high-capacity magazines.
Founded in 1816, North Carolina-based Remington is owned by Cerberus Capital Management.
A Remington-manufactured Bushmaster rifle was used in the school shooting, which killed 20 children and 6 adults.
Katie-Mesner Hage, an attorney representing Sandy Hook families in a lawsuit against Remington, said in a prepared statement that she did not expect the gunmaker's bankruptcy would affect their case.
Remington's financial woes illustrate a paradox of the Trump era: weapon manufacturers ramped up production in anticipation of a Hillary Clinton presidency that would drive sales of those fearing increased gun control.
The filing by Remington Arms Company and its parent, Remington Outdoors, was disclosed late Sunday night on the website of the United States Bankruptcy Court in Delaware.
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