(Half of bankruptcy is restructuring/planning while the other half is liquidation. Either way, the goal is to have a clean-ish start in debt terms.)
Comment on Atari Acquires Intellivision Brand
ilinamorato@lemmy.world 5 weeks agoBankruptcy is intended to be (though is not often in actuality) a temporary restructuring period. A lot of companies just end up liquidating while under bankruptcy proceedings, but Atari emerged from Chapter 11 in 2014 after a year of restructuring and selling off IPs to pay their bills. Now they’re doing a bunch of stuff, including casinos and hotels.
Aatube@kbin.melroy.org 5 weeks ago
magnetosphere@fedia.io 5 weeks ago
On one hand, that’s weird AF. On the other, I would definitely stay at (and probably steal towels from) the Hotel Atari.
PlasticExistence@lemmy.world 5 weeks ago
You can check out any time you like, but you can never
leaveset the high score.Guitar solo