Amid the coronavirus pandemic, family-friendly pizza and arcade chain Chuck E. Cheese submitted to the financial strain and filed for Chapter 11 bankruptcy on Thursday.
In a hearing today, U.S. Bankruptcy Judge Mary F. Walrath approved a process that will end in the sale of THQ by January 23, 2013. This process includes governmental oversight on the sale and distribution of assets for the game maker, as well as settling the $37.5 million bankruptcy loan. […]
There were rumors in the air that this was going to happen, and it finally has. Today, THQ announced in a press release that they are filing for Chapter 11 bankruptcy. At the same time, Clearlake Capital Group LLP offered to acquire THQ’s assets via Section 363 under Chapter 11, […]