On 7 January 2011, JoWooD officially filed for bankruptcy and announced that the company would prepare for "a procedure of capital reorganization".
ˌɔn sˈɛvən dʒˈænjuːˌɛɹi tˈuː θˈaʊzənd ɪlˈɛvən, dʒˈoʊ wˈuː dˈiː əfˈɪʃəli fˈaɪld fɔːɹ bˈæŋkɹʌptsi ænd ɐnˈaʊnst ðætðə kˈʌmpəni wʊd pɹɪpˈɛɹ fɔːɹ "ɐ pɹəsˈiːdʒɚɹ ʌv kˈæpɪɾəl ɹɪˌoːɹɡɐnᵻzˈeɪʃən".