Posts tagged Bankrupt

Playlogic asks for mercy from court against creditors

by Alexander Sliwinski (Jul 28th 2010 8:00PM)

Dutch publisher Playlogic (Fairytale Fights, Obscure: The Aftermath) has notified the US Securities and Exchange Commission that it has entered into "surseance van betaling," which is closely equivalent to the States' Chapter 11 bankruptcy. The company claims in the filing that "Tough market ...

Circuit City shorts out, files for bankruptcy protection

by Alexander Sliwinski (Nov 10th 2008 3:30PM)

Circuit City, the second largest electronics retailer in the US, has filed for Chapter 11 bankruptcy protection. The company will close 155 stores and lay off 17% of its work force, which amounts to roughly 7300 jobs. GamePolitics notes that CC holds between 5-10% of the US video game market. How ...

Fury developer Auran shuts down

by Alexander Sliwinski (Dec 13th 2007 10:30AM)

Fury developer Auran has reportedly entered voluntary administration after closing shop and laying employees off yesterday afternoon. Gamespot AU reports via an insider that the company will meet with creditors in a month to decide whether it will fully liquidate or restructure. Fury, which ...