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Subject: "THQ Files For Chapter 11 Bankruptcy"

**Devil's advocate of the Flood. My posts may or may not represent my personal opinion, I just enjoy disagreeing with people. None of my posts are representative of the official view of the Navy or any government agency.

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Posted by: Disambiguation
What about chapter 9?
Posted by: theHurtfulTurkey
Time to learn the Flood some business:

Ch 7 bankruptcy: Company or personal property is liquidated to pay off their debts. This is what you generally think of when you hear 'bankruptcy'

Ch 11 bankruptcy: temporary relief of debts to give a company time for reorganization/restructuring to work out a payment plan for their debts

Ch 13 bankruptcy: Individual option for paying off debts in 3-5 years

So basically, this ain't no biggie.


I didn't want to describe all of them, just some more commonly heard ones. To those that don't know what it is, Ch 9 is like Ch 11 but is for municipalities.

  • 12.19.2012 11:46 AM PDT


Posted by: theHurtfulTurkey
So basically, this ain't no biggie.

I think the big concern from all of this is the fact that Clearlake will probably sell off studios and IPs to generate a profit.

If that were to happen, THQ would live a little longer, but it wouldn't have some of the studios (Relic, Volition, etc.) or some of the notable IPs (Saints Row, Warhammer, WWE), which wouldn't be very good for them.

There is a possibility that they won't sell off anything, but those chances are slim. THQ doesn't really bring in much of a profit these days.

[Edited on 12.19.2012 11:56 AM PST]

  • 12.19.2012 11:55 AM PDT
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Posted by: TopWargamer
....may never see the light of day...

Metro: Last Light,

NOOOOOO!

South Park: The Stick of Truth,
Don't care.

Company of Heroes 2
Don't care.

You're also missing the Saint Row 3 stand alone title: Enter the Dominatrix.

Honestly: THQ did it to themselves. Massively mishandled their company and ran it into the ground.

[Edited on 12.19.2012 11:57 AM PST]

  • 12.19.2012 11:56 AM PDT
  •  | 
  • Exalted Mythic Member
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Twitter.
WyIdfyre: 'lol, who the hell would even wear those?'
AuSam: 'lol, who the hell would even have sex with dogs?'

-K-

DAWN OF WAR 3, NOOOOOOOOOOOOOOOOOOOOOOOO
:'(
This is a sad sad sad day.

  • 12.19.2012 11:58 AM PDT

I hope this doesn't effect the 40k game that is supposedly still brewing.

  • 12.19.2012 12:23 PM PDT

Buy them Gates! Buy them!!

  • 12.19.2012 12:28 PM PDT
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Posted by: TopWargamer
Source (Kotaku)

This is a sad day indeed...Metro: Last Light, South Park: The Stick of Truth, and Company of Heroes 2 may never see the light of day...even in spite of THQ's efforts.
Don't you read past the headline?

They said the games are coming out despite this bankruptcy

  • 12.19.2012 12:28 PM PDT

ITS TIME TO HANG IT IN THQ, YOU'VE HAD A GOOD RUN!

  • 12.19.2012 12:35 PM PDT

On the Left

Godshatter: I can go all the way with someone without being attracted to them.
CamCamm: How does that work?
Godshatter: I'm easily aroused by anything that moves. It's a curse.
Brain says 'No, that's ugly', body says 'ugly is fine with me'.


Posted by: LeSieg

Posted by: Disambiguation
Posted by: A Good Troll
I wonder if that Floodian who recommended buying THQ shares a few weeks ago during Humble Bundle actually did it.
Value = gone.
This is why people should know what they're talking about before offering their ideas to others. On the off chance someone actually staked a claim in THQ recently, I will feel very bad for them.

Could have been me :p, But I only said if they believed in THQ that they can come back. Then it would be a good time to buy shares.

Because thats what it really comes to. You never know, even if you do do the homework on a company. You never know if they will fall or rise. Thats why its a gamble.

[Edited on 12.19.2012 12:39 PM PST]

  • 12.19.2012 12:38 PM PDT
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Do not waste your tears, I was not born to watch the world grow dim. Life is not measured in years, but by the deeds of men.

Posted by: goldhawk
We should know better, because we are better.

Hopefully they can come back strong. I don't want Last Light to linger in development hell. Also, did this article just confirm Homefront 2?

  • 12.19.2012 12:47 PM PDT

http://i.imgur.com/fsISj.png

So, THQ have a talk with their financiers and wait until Last Light hits the shelves? I'm not seeing the problem here.

  • 12.19.2012 12:52 PM PDT
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No. NO! NOOO!

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!!

  • 12.19.2012 12:53 PM PDT

Welcome, welcome to city 17...

we have to save them, i can't see saints row and all the other amazing games die

  • 12.19.2012 12:54 PM PDT

There just aren't enough moments in the day to rectify the wrongs of the past.


Posted by: ViVo 444
mfw


THQ must live!

Lol at the top comments in that video.

OT though, whats so good about THQ? They arent a very good game company, and Homefront 1 sucked so much why is a second one being made? Go watch Red Dawn for that scenario.

  • 12.19.2012 12:58 PM PDT

There's a “U” and “I” in union but just an “I” in my beliefs

So no more WWE games?

  • 12.19.2012 1:03 PM PDT

If you can read this, that means I'm not a Shaolin monk...

yet.

about time innit, those wankers didnt make anything i wish for christmas

  • 12.19.2012 1:33 PM PDT

Halo 3 is where the morons of the universe congregates.

I am thinking of an old story. "Three Billy Goats Gruff" (hint the troll dies at the end)

Posted by: zarrowsmith
If you had an electron microscope, you still couldn't find the -blam!- I don't give.


Posted by: Zanir
THQ.

I loved you.

*cries*

  • 12.19.2012 2:01 PM PDT
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Well at least we will still get Metro Last Light.

  • 12.19.2012 2:28 PM PDT

Chapter 11 means they aren't going out of business. They still have a chance to turn around and get themselves out of the hole that they're in. But this means the next 3 games theyre coming out with have got to sell really well.

  • 12.19.2012 2:40 PM PDT

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