The operating company of ABC Language School, an Osaka-based English school that shut down its classrooms at the end of last month, filed Monday for bankruptcy, seeking court protection from creditors, the company said.[ÎÄÕ°æÈ¨ ½ûÖ¹×ªÔØ:¿¼ÊÔÓëÆÀ¼Û CT g39/q4k}xhgPA}TFroG]
According to bankruptcy trustee Katsuyuki Mitsu, the company has liabilities totaling 100 million yen.[ÎÄÕ°æÈ¨ ½ûÖ¹×ªÔØ:¿¼ÊÔÓëÆÀ¼Û A6%GUn9a-JHp6E.FroG]
Lesson fees that should have been repaid to students comes to 30 million yen, and unpaid salaries for teachers and other employees is at 15 million yen, Mitsu said.[ÎÄÕ°æÈ¨ ½ûÖ¹×ªÔØ:¿¼ÊÔÓëÆÀ¼Û n.(.w_Zc}GhBU/ FroG]
The company ran four schools in Kyoto, Osaka and Kobe, catering to 800 students.[ÎÄÕ°æÈ¨ ½ûÖ¹×ªÔØ:¿¼ÊÔÓëÆÀ¼Û ]Xfp
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The school boasted affordable one-on-one lessons, but it faced a shortage in operating funds after investing heavily to increase lesson rooms and advertising.[ÎÄÕ°æÈ¨ ½ûÖ¹×ªÔØ:¿¼ÊÔÓëÆÀ¼Û }e^/oM__2$RX€€FroG]
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