The bankruptcy filing allows Remington to stay in business while restructuring its massive debt.
The company has been planning to reduce its debt by $700 million through the Chapter 11 process and contribute $145 million to its subsidiaries.
The company said, when it first announced its plan to file for bankruptcy in February, that operations "will not be disrupted by the restructuring process.".
Founded in 1816, Remington is one of the oldest and best-known gun makers in the world.
It's owned by Cerberus Capital Management, which plans to shed ownership once the bankruptcy is complete.
Related: Remington plans to file for bankruptcy.
An attorney from the law firm representing those family members said it does not expect the bankruptcy filing to affect its clients' case "in any material way.". »