THQ Files Bankruptcy Plan Paying Creditors From Asset Sales

THQ Inc., the broken-up bankrupt video-game maker, filed a liquidating bankruptcy plan to repay creditors from the proceeds generated from selling the majority of its assets.

Unsecured creditors are projected to recover from about 20 percent to about 52 percent, depending on the amount of allowed claims, according to the disclosure statement, an outline of the liquidating plan filed yesterday.