{"id":21313,"date":"2013-05-02T13:18:54","date_gmt":"2013-05-02T20:18:54","guid":{"rendered":"http:\/\/www.quartertothree.com\/fp\/?p=21313"},"modified":"2013-05-02T13:18:54","modified_gmt":"2013-05-02T20:18:54","slug":"timegate-files-for-bankruptcy","status":"publish","type":"post","link":"https:\/\/www.quartertothree.com\/fp\/2013\/05\/02\/timegate-files-for-bankruptcy\/","title":{"rendered":"TimeGate files for bankruptcy"},"content":{"rendered":"

\"Minimum_chance\"<\/a><\/p>\n

TimeGate Studios, developer of the Section 8 games, and most recently (and infamously) contributed unspecified work on Aliens: Colonial Marines, has filed for Chapter 11 bankruptcy in Texas. Polygon<\/a> reports that the court documents reveal that money owed to creditors and total liablility ranges from $10 million to $50 million.<\/p>\n

TimeGate’s top creditors include companies like Unreal Engine developer Epic Games, online game service Agora Games and transmedia developer DJ2 Entertainment. Creditors listed in court documents also include a local pizzeria, to whom TimeGate owes $34.80, and video game agency Birthplace Management Group, which is owed $20,539.20.<\/p><\/blockquote>\n

TimeGate recently lost an appeal<\/a> against Southpeak Interactive for ownership of the Section 8 property and $7.35 million in damages as part of a fraud countersuit.<\/p>\n

The status of their currently in development game, Minimum<\/a>, is unknown.<\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1684,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18],"tags":[],"class_list":["post-21313","post","type-post","status-publish","format-standard","hentry","category-games"],"yoast_head":"\nTimeGate files for bankruptcy - Quarter to Three<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.quartertothree.com\/fp\/2013\/05\/02\/timegate-files-for-bankruptcy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TimeGate files for bankruptcy - Quarter to Three\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.quartertothree.com\/fp\/2013\/05\/02\/timegate-files-for-bankruptcy\/\" \/>\n<meta property=\"og:site_name\" content=\"Quarter to Three\" \/>\n<meta property=\"article:published_time\" content=\"2013-05-02T20:18:54+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/www.quartertothree.com\/fp\/wp-content\/uploads\/2013\/05\/Minimum_chance.jpg\" \/>\n<meta name=\"author\" content=\"Nick Diamon\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nick Diamon\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.quartertothree.com\\\/fp\\\/2013\\\/05\\\/02\\\/timegate-files-for-bankruptcy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.quartertothree.com\\\/fp\\\/2013\\\/05\\\/02\\\/timegate-files-for-bankruptcy\\\/\"},\"author\":{\"name\":\"Nick Diamon\",\"@id\":\"https:\\\/\\\/www.quartertothree.com\\\/fp\\\/#\\\/schema\\\/person\\\/12f74bb66e4067a53ee9fc77e02c27d7\"},\"headline\":\"TimeGate files for bankruptcy\",\"datePublished\":\"2013-05-02T20:18:54+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.quartertothree.com\\\/fp\\\/2013\\\/05\\\/02\\\/timegate-files-for-bankruptcy\\\/\"},\"wordCount\":131,\"commentCount\":6,\"image\":{\"@id\":\"https:\\\/\\\/www.quartertothree.com\\\/fp\\\/2013\\\/05\\\/02\\\/timegate-files-for-bankruptcy\\\/#primaryimage\"},\"thumbnailUrl\":\"http:\\\/\\\/www.quartertothree.com\\\/fp\\\/wp-content\\\/uploads\\\/2013\\\/05\\\/Minimum_chance.jpg\",\"articleSection\":[\"Games\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.quartertothree.com\\\/fp\\\/2013\\\/05\\\/02\\\/timegate-files-for-bankruptcy\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.quartertothree.com\\\/fp\\\/2013\\\/05\\\/02\\\/timegate-files-for-bankruptcy\\\/\",\"url\":\"https:\\\/\\\/www.quartertothree.com\\\/fp\\\/2013\\\/05\\\/02\\\/timegate-files-for-bankruptcy\\\/\",\"name\":\"TimeGate files for bankruptcy - 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