Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
April 25, 2015
arrowPress Releases
April 25, 2015
PR Newswire
View All






If you enjoy reading this site, you might also want to check out these UBM Tech sites:


Acclaim Officially Files For Bankruptcy
September 1, 2004 | By Simon Carless

September 1, 2004 | By Simon Carless
Comments
    Post A Comment
More: Console/PC



According to New York Newsday, game publisher and developer Acclaim Entertainment has now ended the uncertainty over its fate by officially filing for Chapter 7 bankruptcy at the U.S. Bankruptcy Court in Central Islip, New York.

Acclaim listed assets of between $10 million and $50 million, and debt of more than $100 million in the filing. The company will now cease operating completely, and liquidate its assets in attempts to pay off the debt.

This final step comes after an unsuccessful attempt to secure a $65 million loan in order to continue trading. The company's offices in Glen Cove, New York; Austin, Texas and Manchester, England closed late last week, with many employees locked out of offices and missing paychecks.


Related Jobs

2K
2K — Novato, California, United States
[04.24.15]

Recruiting Coordinator – Temp
2K Las Vegas
2K Las Vegas — Las Vegas, Nevada, United States
[04.24.15]

Lead QA Tester
id Software
id Software — Richardson, Texas, United States
[04.24.15]

Senior Gameplay Programmer
HB Studios
HB Studios — Lunenburg, Nova Scotia, Canada
[04.24.15]

Producer









Loading Comments

loader image