Loki Software Files Bankruptcy
What seems to be a disturbing trend lately around these parts has happened again... LinuxGames sends word that Loki Software has filed for Chapter 11 bankruptcy (PDF). Since a few people seem to
be confused with what this means, here is word from the president of the company.
People should not confuse this with a Chapter 7 liquidation, where you close the doors and sell off the assets. That is not what we have done. We filed a Chapter 11 reorganization. This will allows us to deal with our creditors fairly and equitably and at the same time continue to operate the company. We are still shipping products and porting new games and expect to be doing so for a long, long time.
LinuxGames also has a retrospective written about the company.
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