Atlus owner files for ‘civil rehabilitation’
Index Digital Media Inc., the owner of Atlus, has filed for “Civil rehabilitation proceeds.”
For those that don’t know, that’s a type of bankruptcy protection under Japanese law. As of May, Index had about $249 million in liabilities.
Now, the company will have a supervisor draw up a rehabilitation process for the company before meeting with creditors for approval. The company will then be forced to follow the plan.
However, the big question is where does this leave Persona publisher Atlus.