{
  "id": 4773018,
  "title": "Firearms retailer files Chapter 11 bankruptcy as gun sales drop",
  "url": "https://urgent.news/2026/08/31/firearms-retailer-files-chapter-11-bankruptcy-as-gun-sales-drop",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-31T15:33:00.000Z",
  "source": {
    "name": "Yahoo Finance",
    "slug": "yahoo-finance",
    "url": "https://finance.yahoo.com/small-business/articles/firearms-retailer-files-chapter-11-153300921.html"
  },
  "original_language": "en",
  "account": "White Oak Armory LLC, a firearms and ammunition retailer based in Cleveland, Tennessee, filed for Chapter 11 bankruptcy protection on August 24, 2026, to reorganize its struggling business. The company listed between $500,000 to $1 million in assets and liabilities in its bankruptcy petition. The source does not specify whether the retailer's sales had declined, nor does it provide a reason for the bankruptcy filing. The Tennessee Department of Revenue holds a $600,000 disputed debt against the firearms dealer, making it the largest creditor. Other creditors include Cleveland Utilities and Spectrum, though the amounts owed to each are not disclosed in the bankruptcy filing. White Oak Armory's online store showed no inventory for handguns, rifles, shotguns, or related gear as of August 30, 2026. Despite a 4.1% decline in firearms sales nationally in 2025, White Oak Armory's revenue increased by 4.5% year over year, as customers opted for higher-priced rifles and handguns rather than entry-level models.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}