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Staff Are Team Bondi's Largest Creditors

[Oct 07, 2011, 10:41 am ET] - Share - Viewing Comments

The creative staff behind L.A. Noire comprise the majority of creditors waiting for repayment from insolvent developer Team Bondi, reports GamesIndustry.biz (registration required). They quote the legal documents relating to the company's liquidation showing that 40 creditors are owed more than $1.4 AUD, and the staff are owned most of this, ranging from $1600 and $99,000. They also not that studio boss Brendan McNamara is also owed more than $102,000, while one of the few business still owed money is motion capture firm Depth Analysis, which was also co-founded by McNamara. Word is: "With the company being liquidated it's increasingly unlikely that staff will be repaid any significant percentage of the outstanding amount."

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Re: Staff Are Team Bondi's Largest Creditors

Oct 7, 2011, 11:40

Alamar

Creston wrote on Oct 7, 2011, 11:00: nin wrote on Oct 7, 2011, 10:51: "With the company being liquidated it's increasingly unlikely that staff will be repaid any significant percentage of the outstanding amount." THAT sucks. Yep. Then again, if you take your boss' "oh, don't worry, I'll pay you once we get paid" bullshit at face value, you're basically running the risk of getting screwed. Never, ever, EVER take an I.O.U., no matter WHAT industry you're in. Get PAID. Creston If only this were followed precisely, and everywhere... I personally hate all those shitty indie games made by teams of people doing it because they love it, and only get paid if the game succeeds... /sarcasm -Alamar

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