Tag Archives: bankruptcy

Creditors lose out, getting only a fraction of their investment in return

Creditors likely to only receive around five to ten cents on each dollar owed

State to take control of failed game studio's remaining valuables to balance its debts

Junebud shut down due to an 'unsustainable financial position'

Police investigators request records into state dealings with bankrupt developer

Kingdoms of Amalur developer 38 Studios has declared bankruptcy, and that may not even be the worst news surrounding the company in the past 24 hours. Both state and federal officials have launched an investigation into the studio, following the series of events that brought about the MMO developer’s sudden …

Federal and Rhode Island Police investigation of studio underway

Playlogic has relaunched as a newly-formed company, now named Playlogic Entertainment N.V. The troubled publisher filed for bankruptcy back in July, but restarts its business this month. Part of the company’s former staff has been re-employed and will work under a new management team. Playlogic Entertainment will focus on developing …

After the most traumatic year in the chain’s history, rental and entertainment retailer Blockbuster is bursting back into life in the US with its first nationwide advertising campaign since 2007. In September of this year Blockbuster’s long and drawn out decent into bankruptcy was finally confirmed. The deal it eventually …

As predicted last month, after a prolonged period of uncertainty US rental firm Blockbuster has finally filed for bankruptcy protection. The BBC reports that the agreement it has struck with creditors will see its debts effectively cut from $1bn to around $100m. Its 3,000 US stores will continue trading while …