Reiko Kinoshita, senior vice president of Tokyo Star Bank's principal finance division, doesn't mince words. Neither she nor her clients have the time.
"File for bankruptcy; it's your best bet for getting back on your feet." Kinoshita urged a distressed company executive in a recent phone conversation. "We will support you and your suppliers."
Kinoshita is part of a two-person team that provides debtor-in-possession (DIP) loans, packaged for companies under court protection and used mainly as working capital.