Realtime Worlds, APB developer, is in serious financial trouble. The studio has gone into administration, just a few days after 60 staff were let go.

Realtime Worlds recently announced Project: MyWorld, a social game that is now seen as something of a pitch to publishers and a last resort to save the studio. However, things didn't turn around and it seems that most of the employees are already clearing their desks.

Support for MMO game All Points Bulletin - which didn't really generate much enthusiasm after 4 years of development - is said to be kept by a core team of staff.

More details to come, but things aren't looking good for the studio founded by David Jones, previously from DMA Design.