When last we checked in on the slow death of Gazillion Entertainment, the former Marvel Heroes studio was scheduled for a day in court on Feb. 23 to determine how its involuntary bankruptcy claim would be handled. That date was postponed to March 30, and the statement came down from the judge on Monday, April 2: Gazillion will enter Chapter 7 bankruptcy.
According to my AP Stylebook, Chapter 7 bankruptcy's purpose "is to achieve a fair distribution to creditors of the debtor's available non-exempt property" and to provide "a fresh financial start for individuals."
The three creditors listed in the bankruptcy filings are the same three names we initially found linked to the proceedings: Playchemy Inc.'s Ed Annunziata, Secret 6's Ronald Shaffner, and former Gazillion Associate Producer Caitlin Capes, whose current position is Content Production Assistant at Crowdstar. Former Gazillion CEO David Dohrmann apparently personally attended the hearing in northern California's bankruptcy court.
This will likely be the last we hear about the Gazillion saga, unless something else crazy happens. The court order is reprinted below.
About the Author
Jason Winter is a veteran gaming journalist, he brings a wide range of experience to MMOBomb, including two years with Beckett Media where he served as the editor of the leading gaming magazine Massive Online Gamer. He has also written professionally for several gaming websites.
Trion Responds To Player Pay-To-Win Concerns Regarding ArcheAge Progression Servers
Legends Return, the latest expansion for Trion Worlds' sandbox MMO ArcheAge launches today.By QuintLyn Bowers - 4 years ago
You May Enjoy
The "Winners" Of Final Fantasy XIV’s Omega Ultimate World First Race Accused Of Cheating With Zoom Out Mod
Insert disappointed Yoshi-P meme here.By QuintLyn Bowers - 1 week ago
Explore the Kanturu Underground In MU Online’s Season 17 Part 2 Update
The update increases the game’s level cap as well.By QuintLyn Bowers - 1 week ago
Dauntless Developer Phoenix Labs Is Independent Once Again
The company is now self-owned and going private.By Troy Blackburn - 4 days ago
Evil Dead: The Game Lets You Slaughter Deadites In New 40 Player Battle Royale
A groovy new game mode and Lucy Lawless make their way to Evil Dead: The Game.By Troy Blackburn - 5 days ago
Redfall Answers Persistent Online and Xbox Gold Questions In New FAQ
Is always online and Xbox Gold required?By Troy Blackburn - 6 days ago
Turtle Rock Studios Is Done Developing New Content For Back 4 Blood And Ready To Focus On Its Next Project
All things must come to an end. Particularly when you don’t have the resources to maintain it.By QuintLyn Bowers - 5 days ago