Shadows: Heretic Kingdoms - Book II Delayed?

Well after finding no more news about the release of the Book II of Shadows: Heretic Kingdoms I found some new information on Steam , and it's not good news.

Just in-case everyone forgot their publisher bitComposer Games had financial trouble,and forced the developer to halt development because of the insolvency proceedings.

To be more correct, they are undergoing insolvency proceedings; one of the results is that they may end up in bankruptcy, or they may exist further; we unfortunately don't know how the situation is going to turn out in the end.

So as of now its permanently delayed, and might not be released.