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Playnet Filing for Bankruptcy?
9:29 AM | Andy Largent | Comment on this story
Icrontic, a former web site affiliate of the now-defunct Playnet network, has posted word the company is filing Chapter 11 bankruptcy. The company recently shut down its advertising network and laid off some employees from Cornered Rat, makers of World War II Online. This news, if true, doesn't seem to bode well for the game's future (or a Mac release). The word from Icrontic is admittedly grim: Playnet has filed for Chapter 11 bankruptcy. I got an appearance and demand for service letter today from their lawyer in re to PLAYNET INC., a Texas corporation, filing for Chapter 11, case No 01-49209-BJH-11. The same letter was mailed to all of Playnet's debtors, including credit card companies and past affiliates. Apparently I'm not going to get paid what's owed to me (I'll have to see my lawyer about it), which is around five months back pay. I was the biggest money making affiliate at Playnet, and was owed the most money out of any other affiliate in the network. Playnet also owns Cornered Rat Software, which developed World War II Online. I would presume they are going to be shutting down as well. We'll keep you posted as the news on Playnet and the Mac version of WWII Online develops.
 Icrontic: Playnet Files For Chapter 11
Cornered Rat Software
Playnet
World War II Online
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