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 THQ files for bankruptcy

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Beast King
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PostSubject: THQ files for bankruptcy   THQ files for bankruptcy EmptyDecember 20th 2012, 3:42 am

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PostSubject: Re: THQ files for bankruptcy   THQ files for bankruptcy EmptyDecember 20th 2012, 1:51 pm

This doesn't seem like a bad thing, they filed for something called Class 11.


One part of that report reads.

But what does “Chapter 11” mean? What will happen to the games you are expecting? The series you love? And what about the people and teams that make them?

The most important thing to understand is that Chapter 11 does not mean the end of the THQ story or the end of the titles you love. Quite the opposite is true, actually.

Chapter 11 is a safety net for U.S. companies. American Airlines is currently in Chapter 11 restructuring, yet I flew back and forth on that airline when I visited Volition two weeks ago. Donald Trump and his companies have been in Chapter 11 four times. You can add to that list household names such as Macy’s, Eddie Bauer, the Chicago Cubs, Chrysler, Delta Airlines, General Motors, the Pittsburgh Penguins, Marvel Studios, and MGM, among many others.

MGM filed Chapter 11 two years ago, and this year it released “Skyfall” and “The Hobbit,” two of the biggest titles of the year. That’s what I mean when I say new start!

I'm not sure what Clearlake's involvement in this is, I think they are acting as some finance partner or something, however it doesn't look like THQ is closing it's doors from what I've read.

Least I hope they don't. I like my Saint's Row's and WWE's. lol
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