The sale of THQ's assets in federal bankruptcy court will be finalized today. Word is that the hearing begins at 3 p.m. » 1/23/13 2:56pm 1/23/13 2:56pm

A bankruptcy judge yesterday did not approve the bidding procedures THQ proposed in selling off its assets, which THQ's creditors had complained was rigged to sell the whole thing to a private equity firm for $60 million. Now comes a report that Warner Bros. Interactive Entertainment is an interested buyer. » 1/05/13 11:00am 1/05/13 11:00am

Creditors don't expect to get everything they're owed when a company enters any form of bankruptcy, but THQ's say they're getting screwed in the publisher's arrangement to sell off its assets and start over. Three creditors have filed objections, reports Gamasutra, and so has the government trustee overseeing the… » 1/04/13 9:30am 1/04/13 9:30am

Being a comic book fan in the 80s I grew up thinking there was no problem that couldn't be solved by golden flaky crust or delicious cream filling. Apparently that doesn't apply to financial insolvency, as snack cake maker Hostess Brands files for Chapter 11 bankruptcy for the second time. » 1/11/12 11:30am 1/11/12 11:30am

Game Crazy went belly-up earlier this year , removing one more retail alternative to GameStop from American shopping centers and malls. The sell-off of its remaining stock is on hold while two liquidators battle over who's bidding the most for it. » 6/24/10 8:30pm 6/24/10 8:30pm

Lawrence Kasanoff, the producer behind the Mortal Kombat movies, television show, and animated series has filed suit against Midway in U.S. Bankruptcy Court in order to make sure he retains series milking rights. » 6/25/09 12:40pm 6/25/09 12:40pm

Mortal Kombat publisher Midway caught some heat from its creditors and a government-appointed trustee over some questionable bonuses attached to the sale of its properties and a publishing agreement with Wheelman co-publisher Ubisoft. » 3/31/09 8:30pm 3/31/09 8:30pm