After being tipped off by an industry source, GameDaily BIZ has learned that Brighter Minds Media filed for chapter 11 bankruptcy on January 28. Unlike chapter 7, which involves complete liquidation of the company, chapter 11 bankruptcy will enable Brighter Minds to remain in control of its business while it reorganizes.
Brighter Minds publishes a wide array of family-friendly software and most recently launched 2D Boy's critically acclaimed World of Goo, which won the 2008 Independent Games Festival award for Design Innovation and Technical Excellence and Spike TV's 2008 Video Game Award for Best Independent Game.
Brighter Minds also launched an online games destination in the middle of last year at BeanstalkGames.com.
GameDaily BIZ has reached out to Brighter Minds for comment, but has yet to hear back as of press time.