The new Colt first attempted to address some of the demands of the market with the production in 1989 of the "Double Eagle", a double-action pistol heavily based on the M1911 design, which was seen as an attempt to "modernize" the classic Browning design. Colt followed this up in 1992 with the "Colt All American 2000", which was unlike any other handgun Colt had produced before—being a polymer-framed, rotating-barrel, 9×19mm handgun with a magazine capacity of 15 rounds. It was designed by Reed Knight, with parts manufactured by outside vendors and assembled by Colt; its execution was disastrous. Early models were plagued with inaccuracy and unreliability, and suffered from the poor publicity of a product recall. The product launch failed and production of the All American 2000 ended in 1994. This series of events led to the company's Chapter 11 bankruptcy in 1992.