Q&A About Artifact's Chapter 11 Filing
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Category: News ArchiveHits: 776
Q: What is Chapter 11 and how will it affect Artifact Entertainment business and Horizons service? Will the company continue to provide ongoing service to Horizons' fans during the restructuring period?
A: Chapter 11 bankruptcy protection is used by companies experiencing cash flow difficulties who need time to restructure debt to continue operations. Continental Airlines and May Company department stores are two examples of companies that successfully used Chapter 11 protection to get their businesses into better financial health. We have sought court protection in order to prevent interruption of service and are taking every step possible to ensure Horizons' players experience seamless game play. In fact, Artifact Entertainment has been working diligently to create new content for the game, including the development of new creatures, quests, events and lore that will be introduced within the next two months.
