Manglobe Logo 001 - 20151001This is a sad day for anime fans everywhere. Anime studio Manglobe filed for bankruptcy on Tuesday.

The studio was reportedly insolvent for some time, and considering ways to consolidate and settle its debts. Ultimately, though, the studio was unable to continue business in its current state, which led to the decision to begin bankruptcy proceedings.

The studio was working on its current projects up until Tuesday’s filing.

Yesterday, we reported that studio workers were scrambling to find work amid rumors of Manglobe’s insolvency. Animators like Toshio Kobayashi (Mobile Suit Gundam UC effect animation Director) and Hideto Komori (Hayate the Combat Butler!) were searching for work, due to a sudden loss of income.

Manglobe was founded in 2002 by former Sunrise producers Shinichirō Kobayashi and Takashi Kochiyama. The studio produced a number of fan-favorite titles through its history, including Samurai ChamplooMichiko & Hatchin, and Deadman Wonderland.

Source: Anime! Anime!