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Persona publisher Atlus faces an uncertain future as its parent company, Index, files for the Japanese equivalent of bankruptcy protection.
Index owes creditors $224 million after a series of acquisitions didn’t pan out, according to CNET.
The company will enter civil rehabilitation, which is a corporate law that shifts managements of a company partially to the debt-holders and possibly a government-appointed administrator.
What does this mean for Atlus? We’ve reached out to the publisher’s American division to ask about the company’s status.
The gamemaker could end up on the auction block or it could face major restructuring depending on the results of the civil rehabilitation.
This doesn’t mean the end for Atlus or even for Index. The purpose of civil rehabilitation is to turn around a company so that the owners and creditors can move forward with a more profitable company.