THQ Files for Bankruptcy

As reported by, THQ has now filed for bankruptcy under Chapter 11.

All studios remain open, with projects still in development at this time to continue as planned.

Chapter 11 is a chapter of the United States’ Bankruptcy Code, and is used to permit reorganisation, rather than liquidation which is normally governed by Chapter 7.

Tags: , , ,

Leave a Reply

XHTML: You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>