If you were my age, when growing up "Colt" and "good" were not two words used in the same sentence.Bankruptcy? Colt just went through bankruptcy several years ago and laid off a lot of workers not long after that. Just like they have a number of times since 1842.
They are still cranking out good 1911s. So is Remington, albeit a lower price product.
I wouldn’t be skeered to buy another one, even the little RM380 which gets a lot of praise from actual owners.