Following yesterday's news that the embattled publisher has filed for Chapter 11 bankruptcy protection, THQ President Jason Rubin has taken to the web with open letter to fans of THQ games with words of hope that the company's best days are still ahead of them.

The most important thing to understand is that Chapter 11 does not mean the end of the THQ story or the end of the titles you love. Quite the opposite is true, actually.

Chapter 11 is a safety net for U.S. companies. American Airlines is currently in Chapter 11 restructuring, yet I flew back and forth on that airline when I visited Volition two weeks ago. Donald Trump and his companies have been in Chapter 11 four times. You can add to that list household names such as Macy’s, Eddie Bauer, the Chicago Cubs, Chrysler, Delta Airlines, General Motors, the Pittsburgh Penguins, Marvel Studios, and MGM, among many others.

MGM filed Chapter 11 two years ago, and this year it released “Skyfall” and “The Hobbit,” two of the biggest titles of the year. That’s what I mean when I say new start!

He further explains that their goal throughout proceedings has been to keep the band together so-to-speak, with the bidding process having been structured to preserve the remaining development teams and their projects.

Whatever happens, the teams and products look likely to end up together and in good hands. That means you can still pre-order Metro: Last Light, Company of Heroes 2, and South Park: The Stick of Truth. Our teams are still working on those titles as you read this, and all other rumored titles, like the fourth Saints Row, the Homefront sequel, and a lot more are also still in the works.

Read the full letter over on THQ.com, then go and buy their entire Steam lineup for US$24.99 in the Steam holiday sale.