![[Restaurants panic in shock of ``Zen Toshin'' bankruptcy] Total debt: 115.1 billion yen / Largest bankruptcy of this year / Zen Toshin's business model that supported the restaurant / Fraudulent fraud discovered / Financial institutions let their guard down / List of creditors released / What will happen to the sales proceeds of the restaurant? | Business | Toyo Keizai Online](https://tk.ismcdn.jp/mwimgs/c/0/1200w/img_c0766636e6333a2312b7b9096219ff04211105.jpg?nextgen=false)
[Restaurants panic in shock of ``Zen Toshin'' bankruptcy] Total debt: 115.1 billion yen / Largest bankruptcy of this year / Zen Toshin's business model that supported the restaurant / Fraudulent fraud discovered / Financial institutions let their guard down / List of creditors released / What will happen to the sales proceeds of the restaurant? | Business | Toyo Keizai Online
⚡ Quick Summary
Zentoshin, which provided credit card payment processing services mainly to restaurants, went bankrupt on July 6th. The total debt amounted to 115.1 billion yen, making it the largest bankruptcy of the year.
Zentoshin, which provided credit card payment processing services mainly to restaurants, went bankrupt on July 6th. The total debt amounted to 115.1 billion yen, making it the largest bankruptcy of the year. Restaurants that used payment processing services may not be able to collect sales proceeds...
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