{"id":4133,"date":"2001-10-12T14:31:00","date_gmt":"2001-10-12T18:31:00","guid":{"rendered":"https:\/\/www.animenation.net\/blog\/2001\/10\/12\/snk-going-out-of-business-again\/"},"modified":"2001-10-12T14:31:00","modified_gmt":"2001-10-12T18:31:00","slug":"snk-going-out-of-business-again","status":"publish","type":"post","link":"https:\/\/www.animenation.net\/blog\/snk-going-out-of-business-again\/","title":{"rendered":"SNK Going Out of Business Again"},"content":{"rendered":"<p>The financially burdened SNK has been dealt a new blow that may finally spell doom for the struggling video game company. On April 2, 2001, SNK officially applied for tax exempt &#8220;Rehabilitation Bankruptcy&#8221; status with the Osaka judicial system.  At that time SNK&#8217;s debt was estimated at 38 billion yen.<\/p>\n<p>SNK was ordered to present their reestablishment plans to the court of Osaka by September 28th but failed to do so due to a &#8220;compelling situation.&#8221; As a result, SNK&#8217;s bid for rehabilitation bankruptcy was refused. SNK is expected to announce bankruptcy soon.<\/p>\n<p>SNK&#8217;s latest game, King of Fighters 2001, largely developed by Eolith, will be released to arcades as scheduled.<\/p>\n<p>Source: <a href=\"http:\/\/www.mmcafe.com\/\" target=\"_blank\">MadMan&#8217;s Cafe<\/a><\/p>\n<p>Article courtesy of <a href=\"mailto:sgreen@skuldo.com\">Scott Green<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The financially burdened SNK has been dealt a new blow that may finally spell doom for the struggling video game company. On April 2, 2001, SNK officially applied for tax exempt &#8220;Rehabilitation Bankruptcy&#8221; status with the Osaka judicial system. At that time SNK&#8217;s debt was estimated at 38 billion yen. SNK was ordered to present [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4133","post","type-post","status-publish","format-standard","hentry","category-anime-news"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.animenation.net\/blog\/wp-json\/wp\/v2\/posts\/4133","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.animenation.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.animenation.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.animenation.net\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.animenation.net\/blog\/wp-json\/wp\/v2\/comments?post=4133"}],"version-history":[{"count":0,"href":"https:\/\/www.animenation.net\/blog\/wp-json\/wp\/v2\/posts\/4133\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.animenation.net\/blog\/wp-json\/wp\/v2\/media?parent=4133"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.animenation.net\/blog\/wp-json\/wp\/v2\/categories?post=4133"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.animenation.net\/blog\/wp-json\/wp\/v2\/tags?post=4133"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}