Weapons Training Co. Advanced Interactive Hits Ch. 7

Law360, Wilmington (March 15, 2013, 9:46 PM EDT) -- Advanced Interactive Systems Inc., a provider of high-tech training systems for law enforcement and the military, filed for Chapter 7 in Delaware bankruptcy court on Thursday as it prepares to be liquidated.

The Seattle-based company, whose products included weapons-training systems and modular firing ranges, listed assets of about $24.2 million against debts of nearly $72.7 million, according to court documents signed by Chief Financial Officer Michael John Allen.

AIS did not provide any explanation for its descent into Chapter 7, though court documents show its gross...
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