Gamasutra is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


Gamasutra: The Art & Business of Making Gamesspacer
View All     RSS
September 22, 2020
arrowPress Releases







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

Remedy Entertainment
Remedy Entertainment — Espoo, Finland
[09.22.20]

Gameplay Designer (Combat)
Remedy Entertainment
Remedy Entertainment — Espoo, Finland
[09.22.20]

Gameplay Designer (World Systems)
Remedy Entertainment
Remedy Entertainment — Espoo, Finland
[09.22.20]

Gameplay Designer (Narrative Systems)
Remedy Entertainment
Remedy Entertainment — Espoo, Finland
[09.22.20]

Senior Gameplay Designer (Narrative Systems)









Loading Comments

loader image