Bankruptcy is always the last think you expect to wake up to in this industry, or maybe I should say last thing you want to wake up to. Index Corporation, parent company developer and publisher Atlus, has filed for "Civil Rehabilitation" which is a fancy way of saying a type of bankruptcy. No, Index won't be going all THQ, as civil rehabilitation doesn't involve liquidation. However, we should all be very worried about the future of Atlus. Very worried.
Civil rehabilitation is simple a formal way of implementing, "rapid rehabilitation before a corporate failure becomes more serious." It forces the company to create legitimate plan going forward that requires approval from creditors, or potentially even establishes a committee or administrator to take guardianship over the company
As far as what this means for Atlus? Well, it's hard to say at this point as we don't know where the company is losing all of its money, or making it for the matter. It could be Atlus is important to Index's future and so they'll let it keep going as is. Atlus could also be losing money, in which case Index may be forced to outright shut it down. Or it could be somewhere in-between and Index will either try and sell the Atlus and its assets or fiddle with it in some other meaningful way.
We sen warm wishes to our friends at Atlus and hope this all blows over without consequence soon. Expect more news on Index Corporation as we here it.