If you have ever purchased a third party accessory for your console, the name Mad Catz might be familiar to you. The company known for their cheap memory cards, off-brand controllers, and other peripherals has just filed for chapter 7 bankruptcy. Mad Catz and its subsidiaries will be liquidating their assets, as well, and the officers and directors of the company have all stepped down as of March 30, 2017. Founded in 1989, Mad Catz has acquired brands like GameShark, Tritton, and Saitek. The cause their demise is thought to be due to the poor sales of Harmonix's Rock Band 4, which Mad Catz was in charge of, taking financial responsibility for marketing and lacking sales of peripheral hardware.