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PC gamer, WorthPlaying EIC, globe-trotting couch potato, patriot, '80s headbanger, movie watcher, music lover, foodie and man in black -- squirrel!

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Bitcomposer Files For Insolvency

by Rainier on Dec. 11, 2014 @ 3:29 p.m. PST

German publisher/developer Bitcomposer Games filed for insolvency last week (Dec. 3rd). Formed in 2009, Bitcomposer was known for picking up the STALKER license and publishing titles such as Jagged Alliance, Giana Sisters and Shadowrun Returns.

810 IN 1144/14 B: In dem Insolvenzantragsverfahren über das Vermögen der bitComposer Entertainment AG, Mergenthalerallee 77, 65760 Eschborn (AG Frankfurt am Main, HRB 92652), vertr. d.: 1. Oliver Neupert, (Vorstand), 2. Patrick Rausch, (Vorstand) ist am 03.12.2014 um 15:50 Uhr die vorläufige Verwaltung des Vermögens der Schuldnerin angeordnet worden. Verfügungen der Schuldnerin sind nur mit Zustimmung des vorläufigen Insolvenzverwalters wirksam. Zum vorläufigen Insolvenzverwalter ist Rechtsanwalt Dr. Robert Schiebe, Kaiserstraße 11, 60311 Frankfurt am Main, Tel.: 069- 21931-50, Fax: 069- 219315-99, E-Mail: r.schiebe@schiebe.de, Internet: www.schiebe.de bestellt worden.

Amtsgericht Frankfurt am Main, 03.12.2014

Note: Insolvency is not a synonym for bankruptcy, which is a determination of insolvency made by a court of law with resulting legal orders intended to resolve the insolvency.

Filing for insolvency means there is a financial problem and the company either restructures or makes cut to become solvent again, failing to do so may then lead to bankruptcy.

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