The games industry has seen an influx of studio closures and financial struggles over the past couple of years, and unfortunately, another developer has just been added to that growing list. Liquid Swords, the Swedish development studio founded in 2020 by Avalanche Studios co-founder and Just Cause co-director Christofer Sundberg, has officially been declared bankrupt.
According to reports a formal bankruptcy order was issued against the studio on October 12. Rather than coming from outside creditors or investors, the petition to declare the company bankrupt was actually filed by the studio’s own workforce of roughly 30 employees after they had reportedly gone without pay for at least two months. By forcing the company into…