Towa Bank undergoes Zentoshin bankruptcy proceedings and sells securities to process debts
⚡ Quick Summary
In response to the filing of bankruptcy proceedings by an Osaka-based company that provided credit card payment processing services mainly for restaurants and other businesses, Towa Bank announced that it would sell some of its securities to settle approximately 5.8 billion yen of unsecured debts owed to this company.
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Minister of Economy, Trade and Industry considers fact-finding survey of payment agents following Bankruptcy of Zentoshin
毎日新聞Unpaid 5.3 billion yen to member stores due to Zentoshin bankruptcy; Minister of Economy, Trade and Industry to investigate other companies in the same industry
日本経済新聞``Zentoshin'' bankruptcy proceedings, Kinki Sangyo Credit Union, which has the largest amount of claims, offsets it with deposits... Sanjusan Bank, whose amount of claims increased to 5 billion yen, will set aside 2.7 billion yen (Yomiuri Shimbun Online)
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