The story of another Australian studio that has gone bust in the last 12 months. This one is particularly ugly for the supposed bankruptcy of the parent company (although the IP is now being developed in Canberra) and allegations of unpaid work and taxes.

Certainly continuing to work after your employer has failed there obligations to pay you under a contract or agreement is a bad idea. That would be setting of all sorts of alarm bells for me.

Well it worked for the Duke Nukem Forever guys :) http://www.triptychgames.com/