{"id":213545,"date":"2025-03-03T10:28:33","date_gmt":"2025-03-03T16:28:33","guid":{"rendered":"https:\/\/gunsamerica.com\/digest\/?p=213545"},"modified":"2026-01-13T04:43:24","modified_gmt":"2026-01-13T10:43:24","slug":"watchtower-firearms-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/gunsamerica.com\/digest\/watchtower-firearms-files-for-bankruptcy\/","title":{"rendered":"Watchtower Firearms Files for Bankruptcy"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\" id=\"h-\"><\/h1>\n\n\n\n<p>Watchtower Firearms, a Texas-based firearms manufacturer, has filed for Chapter 11 bankruptcy in the Northern District of Texas as of February 27, 2025. <\/p>\n\n\n\n<p>The <a href=\"https:\/\/watchtowerfirearms.com\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"watchtower-firearms-files-for-bankruptcy\" title=\"Watchtower Firearms Files for Bankruptcy\">company<\/a>, headquartered in Frisco, has reported assets and liabilities ranging between $10 million and $50 million, citing financial struggles connected to operational challenges and tax obligations.<\/p>\n\n\n\n<blockquote class=\"twitter-tweet\"><p lang=\"en\" dir=\"ltr\">Texas Firearms Manufacturer Watchtower Files Chapter 11<br \/><br \/>\ud83d\udea8 BANKRUPTCY FILING ALERT \ud83d\udea8<br \/><br \/>WATCHTOWER FIREARMS, LLC<br \/>Chapter 11 &#8211; Northern District of Texas<br \/>Filed: February 27, 2025<br \/>Case No. 25-40684<br \/><br \/>\ud83d\udcca Assets: $10M-$50M | Liabilities: $10M-$50M | Total Creditors: 1-49 | Industry:\u2026 <a href=\"https:\/\/t.co\/6FGMZtkSZr\" target=\"_blank\" class=\"clickTracking\" campaign=\"watchtower-firearms-files-for-bankruptcy\" title=\"Watchtower Firearms Files for Bankruptcy\">pic.twitter.com\/6FGMZtkSZr<\/a><\/p>&mdash; RK | Consultants (@_RKConsultants) <a href=\"https:\/\/twitter.com\/_RKConsultants\/status\/1895174002248647136?ref_src=twsrc%5Etfw\" target=\"_blank\" class=\"clickTracking\" campaign=\"watchtower-firearms-files-for-bankruptcy\" title=\"Watchtower Firearms Files for Bankruptcy\">February 27, 2025<\/a><\/blockquote> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-financial-struggles-and-major-creditors\"><strong>Financial Struggles and Major Creditors<\/strong><\/h2>\n\n\n\n<p>According to court filings, Watchtower Firearms has between 1 and 49 creditors, with notable debts owed to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>DASAN USA\/ALPHA FOXTROT<\/strong> \u2013 $686,592<\/li>\n\n\n\n<li><strong>U.S. Department of Treasury<\/strong> (excise taxes) \u2013 $409,903<\/li>\n\n\n\n<li><strong>2020 Exhibits, Inc.<\/strong> \u2013 $359,781<\/li>\n<\/ul>\n\n\n\n<p>Despite these liabilities, the company has indicated that funds will be available for distribution to unsecured creditors, offering a slight silver lining for those owed money.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-corporate-structure-and-ownership\"><strong>Corporate Structure and Ownership<\/strong><\/h2>\n\n\n\n<p>Watchtower is led by Jason Colosky, who <a href=\"https:\/\/gunsamerica.com\/digest\/nra-blaming-obamas-atf-bump-stocks-doesnt-hold-water\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"watchtower-firearms-files-for-bankruptcy\" title=\"Watchtower Firearms Files for Bankruptcy\"  data-wpil-monitor-id=\"2525\">holds 100% of common stock<\/a>. Preferred stockholders include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>WTF Resources, LLC \u2013 37.8%<\/li>\n\n\n\n<li>Function 1 Consulting Group \u2013 9.5%<\/li>\n\n\n\n<li>Other minority stakeholders<\/li>\n<\/ul>\n\n\n\n<p>The company\u2019s legal representation in the bankruptcy proceedings will be handled by Joseph Acosta of Condon Tobin.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-what-s-next-for-watchtower-firearms\"><strong>What\u2019s Next for Watchtower Firearms?<\/strong><\/h2>\n\n\n\n<p>The filing suggests Watchtower is aiming to restructure rather than liquidate, meaning the company could <a href=\"https:\/\/gunsamerica.com\/digest\/remington-para-ordnance-wide-body-1911-big-green-bats-one-park\/\" target=\"_blank\" class=\"clickTracking\" campaign=\"watchtower-firearms-files-for-bankruptcy\" title=\"Watchtower Firearms Files for Bankruptcy\"  data-wpil-monitor-id=\"2524\">continue operations<\/a> under a reorganized financial plan. <\/p>\n\n\n\n<p>However, with significant debts\u2014including federal excise tax obligations\u2014its future remains uncertain.<\/p>\n\n\n\n<p>Stay tuned for updates as this story develops.<\/p>\n\n\n\n<p class=\"has-text-align-left\" style=\"font-size:24px\"><strong><em>*** <a href=\"https:\/\/gunsamerica.com\" target=\"_blank\" class=\"clickTracking\" campaign=\"watchtower-firearms-files-for-bankruptcy\" title=\"Watchtower Firearms Files for Bankruptcy\" target=\"_blank\" rel=\"noreferrer noopener\">Buy and Sell on GunsAmerica!<\/a> ***<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Watchtower Firearms, a Texas-based firearms manufacturer, has filed for Chapter 11 bankruptcy in the Northern District of Texas as of February 27, 2025. <\/p>\n","protected":false},"author":158,"featured_media":213546,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_specdata_upc":"","_specdata_placement":"","footnotes":""},"categories":[4024],"tags":[132,617,3975],"featured":[],"hunt365":[],"class_list":{"0":"post-213545","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-news","8":"tag-buzz","9":"tag-industry-news","10":"tag-watchtower-firearms"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Watchtower Firearms Files for Bankruptcy<\/title>\n<meta name=\"description\" content=\"Texas-based Watchtower Firearms files for Chapter 11 bankruptcy, citing financial struggles and tax debt. 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Experience: \u2013 Licensed Bowhunter, Hunter, and Trapper \u2013 Experienced in ethical hunting and wildlife conservation.\u2013 Concealed Carry Permit Holder (NYS &amp; AZ) \u2013 Trained and licensed to carry in multiple states.\u2013 2A Journalist \u2013 Covering firearms legislation, Second Amendment issues, and gun rights for over a decade.\u2013 Emergency Medical Technician (EMT) \u2013 Certified to provide emergency medical care in the field.\u2013 Field-Tested Gear Reviewer \u2013 Hands-on experience with firearms, optics, and hunting tech.","sameAs":["https:\/\/hunt365.gunsamerica.com","https:\/\/www.facebook.com\/gunsamerica","https:\/\/www.instagram.com\/gunsamerica_official\/","https:\/\/x.com\/https:\/\/twitter.com\/GunsAmerica","https:\/\/www.youtube.com\/user\/GunsAmerica"],"url":"https:\/\/gunsamerica.com\/digest\/author\/larry-z\/"}]}},"featured_image_src":"https:\/\/gunsamerica.com\/digest\/wp-content\/uploads\/2025\/03\/WatchTower_Firearms-150x100.jpg","_links":{"self":[{"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/posts\/213545","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/users\/158"}],"replies":[{"embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/comments?post=213545"}],"version-history":[{"count":2,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/posts\/213545\/revisions"}],"predecessor-version":[{"id":228299,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/posts\/213545\/revisions\/228299"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/media\/213546"}],"wp:attachment":[{"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/media?parent=213545"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/categories?post=213545"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/tags?post=213545"},{"taxonomy":"featured","embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/featured?post=213545"},{"taxonomy":"hunt365","embeddable":true,"href":"https:\/\/gunsamerica.com\/digest\/wp-json\/wp\/v2\/hunt365?post=213545"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}