Briggs & Stratton Corporation, the company behind the well-known small engine brand, has filed for Chapter 11 bankruptcy in the U.S., but it appears the brand will survive. ... Louis bankruptcy court on Monday.

Will Briggs and Stratton recover?

Briggs & Stratton is completely liquidating in Ch. 11 bankruptcy. All assets are being sold. Shareholders will get no recovery.

Is Briggs & Stratton in financial trouble?

The company has been losing money and large debts. The company lost $54.1 million in its 2019 fiscal year and $11.3 million in its 2018 fiscal year. In its most recent earnings report, Briggs said its sales fell by $107 million or 18% in the quarter that ended March 29.