Classes resume at bankrupt language school Geos

G.communication Co., which has taken over 230 of the 329 schools run by bankrupt major language school operator Geos Corp., resumed classes at Geos schools on Friday.

Classes were reopened at 201 schools and will resume later at 29 other schools, while 99 schools were closed.

On Wednesday, Tokyo-based Geos, mired in debts of 7.5 billion yen, filed for bankruptcy proceedings with the Tokyo District Court, which ordered its assets protected from creditors.

Of Geos’s total of about 36,800 students, 29,000 are registered at the Geos schools taken over by G.communication based in Nagoya.

Students at the Geos schools being closed can continue their studies at nearby Geos schools or at schools of Nova Corp., a language school taken over by G.communicatin in 2007, for tuition already paid.

Refunds will not be granted for classes that students have not yet taken, according to Geos.

http://mdn.mainichi.jp/mdnnews/news/20100423p2g00m0bu042000c.html

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