
MidBoss, the developer and publisher famous for the story-centric titles *2064: Read Only Memories* and its follow-up *Neurodiver*, has recently submitted a Chapter 7 bankruptcy petition. This voluntary filing made in June exposes a grim financial situation for the firm, which documents merely $2,560 in assets while encumbered by a significant debt of $823,272 owed to diverse creditors.
The debt analysis includes $138,980 distributed among four loans, a notable $64,000 as revenue share owed to an individual, and royalty payments to roughly twelve individuals, totaling $87,985. Additionally, MidBoss contends with $36,099 in credit card obligations, $7,000 due to Chase Bank, and a contested claim of $404,538 owed to Tom Kaitchuck. Also highlighted in the filing is a shareholder loan amounting to $70,922 and a royalty share of $13,748 owed to Matt Conn, the interim CEO who authorized the bankruptcy. Conn, a co-founder of MidBoss, previously resigned in 2018 following serious allegations of abuse and sexual harassment. Following a brief leadership by Cade Petersen, who held the position until 2025, Alexander Mehrer assumed control. Conn, despite earlier controversies, continues to maintain a 40% ownership interest in the firm.
The financial report suggests that the intellectual property (IP) associated with *Read Only Memories* and the *Gaming in Color* documentary are listed as assets, albeit with no assigned value. This situation raises questions regarding the future of the *Read Only Memories* series, especially given that the sequel, *Neurodiver*, has experienced several delays since its announcement and ultimately garnered mixed reviews upon its 2024 release.
MidBoss’s website features two forthcoming projects, *All AI Must Die* and *The Artificial Artist*, yet their present development status remains unclear following the insolvency filing.
Kotaku has contacted MidBoss for further insights into the situation as the company maneuvers through this challenging period in its operations.