Troubled firearms dealer, Sugarbush Armory, filed for Chapter 11 bankruptcy protection after declining sales and multiple lawsuits. The company listed $1 million to $10 million in assets and liabilities. The filing comes after several months of declining firearms sales across the industry, which have affected gun dealers nationwide. The decline in sales has led to business closings and bankruptcy filings. However, industry experts believe some of the decline might have resulted from buyers delaying purchases to take advantage of the reduction in the National Firearms Act tax from $200 to $0 beginning Jan. 1, 2026.