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April 30, 2024
 

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BANKRUPTCY 3

Japan Times
WORLD / Science & Health
Apr 22, 2016
Solar developer SunEdison files for bankruptcy after aggressive growth plan unravels
SunEdison Inc., once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable.
BUSINESS / Companies
Sep 29, 2015
Shipping firm Daiichi Chuo Kisen files for bankruptcy
Shipping firm Daiichi Chuo Kisen Kaisha said Tuesday it has filed for bankruptcy protection. It reported liabilities of ¥119.6 billion.
Japan Times
BUSINESS
Aug 21, 2015
Finland's Santa center goes bust as Russian visitors slide
Finland's Santa Claus Office has been declared bankrupt over unpaid taxes after a sharp drop in visits from recession-hit Russians, once the center's best customers.
BUSINESS
Aug 4, 2015
Investigators say Mt. Gox was broke six months before bitcoin bourse bit the dust
Bitcoin exchange Mt. Gox Co. appears to have run out of money six months before it announced in February last year that it was filing for bankruptcy after tens of millions of dollars worth of the virtual currency and client funds disappeared, investigative sources said Tuesday.
BUSINESS / Companies
Jul 14, 2015
U.S. carrier Delta in talks to support bankrupt Skymark
Delta may take part in a restructuring plan proposed by Intrepid Aviation Ltd., Skymark's biggest creditor, in a deal that would change the dynamics of Japan's closed domestic airline market.
BUSINESS / Companies
Jun 5, 2015
Major Skymark creditor approaches Delta over rehabilitation
Intrepid Aviation, the largest creditor of Skymark Airlines Inc., has approached Delta Air Lines Inc. about cooperating on rehabilitating the bankrupt Japanese carrier, a Delta source said Friday.
BUSINESS / Companies
May 26, 2015
Skymark's biggest creditor rejects ANA taking part in restructuring
Skymark Airlines Inc.'s biggest creditor plans to reject the failed carrier's plan to have ANA Holdings Inc. take part in its restructuring, according to a source familiar with the matter.
BUSINESS / Companies
Apr 22, 2015
Skymark bosses to go under bail-out plan
Skymark President Masakazu Arimori and Chairman Takashi Ide will step down after the carrier's rehabilitation plan is approved by a court and debtors.
JAPAN
Mar 6, 2015
Arts book publisher Bijutsu Shuppan-sha files for court protection
Bijutsu Shuppan-sha Co., a publisher of art books and magazines, including the widely acclaimed Bijutsu Techo magazine, has filed for court protection from creditors after being in business for more than a century.
BUSINESS / Companies
Feb 23, 2015
ANA Holdings to help Skymark recover from bankruptcy
ANA Holdings Inc., parent of All Nippon Airways Co., said Monday it has notified bankrupt Skymark Airlines Inc. of its plan to take part in the struggling airline's restructuring.
Japan Times
BUSINESS / Companies
Feb 17, 2015
Orix mulls aiding bankrupt Skymark Airlines
Leasing firm Orix Corp. may invest in bankrupt Skymark Airlines Inc. as the carrier restructures, sources close to the matter said on Tuesday.
Japan Times
BUSINESS / Companies / ANALYSIS
Feb 12, 2015
Skymark's $612 million airport slots represents a lifeline from bankruptcy
Skymark Airlines Inc. may have filed for bankruptcy and seen its passenger numbers dwindle. It still holds an asset worth about $612 million in annual revenue that offers a path out of bankruptcy.
BUSINESS / Companies
Feb 6, 2015
Skymark wins Integral's support after bankruptcy filing
Skymark Airlines Inc., the budget carrier that filed for bankruptcy last week, won a pledge from private-equity fund Integral Corp. for ¥9 billion to support it through the restructuring process.
BUSINESS / Companies
Jan 29, 2015
Bankrupt Skymark begins search for sponsors
Skymark Airlines will try to find sponsors to stay afloat as it restructures but might drop unprofitable routes, new Skymark President Masakazu Arimori says.
BUSINESS / Companies
Jan 28, 2015
Skymark to file for protection from creditors
Struggling Skymark Airlines Inc. will file for protection from creditors at the Tokyo District Court, sources familiar with the matter said on Wednesday.
BUSINESS / Companies
Nov 26, 2014
Bitcoin exchange Kraken to help in Mt. Gox bankruptcy
U.S. bitcoin exchange operator Payward Inc said on Wednesday it will work on retrieving some millions of dollars lost by Tokyo-based Mt. Gox, once the world's largest bitcoin exchange before it collapsed in bankruptcy this year.
BUSINESS
Jun 18, 2014
Mt. Gox gets bankruptcy OK
Mt. Gox Co., once the world's largest bitcoin exchange, won approval of its U.S. bankruptcy filing, giving a boost to the Japanese investigation into the disappearance of 650,000 units of the digital currency.
Japan Times
BUSINESS / Companies
Apr 8, 2014
U.S. court can't reach Mt. Gox's Karpeles: lawyer
Mt. Gox Co. principal Mark Karpeles is beyond the reach of a U.S. court where he and the bankrupt bitcoin exchange are being sued for consumer fraud by two American depositors, his attorney told a federal judge.
BUSINESS / Companies
Nov 28, 2013
Jeans maker Edwin files for rehab
Jeans maker Edwin Co. has filed for an out-of-court procedure to rehabilitate its business through a private-sector intermediary, a credit research agency and lawyers said Wednesday.
Japan Times
JAPAN / NATIONAL SPOTLIGHT
Oct 20, 2013
Whether Tepco fails or not, it's taxpayers' tab
The final tab from the meltdowns at Tepco's Fukushima No. 1 plant will be huge, and the public will end up paying it, either through taxes or utility bills.
When will Japan intervene to support the yen?
Finance Minister Shunichi Suzuki has reiterated the government's readiness to take an appropriate action as the yen continues to slide against the U.S. dollar.
'So hot you can't breathe': Extreme heat hits the Philippines
A pedestrian cools himself with a folding hand fan as he waits for a ride along a road in Manila on Wednesday, as extreme heat hit the Philippines.
Raising kids in Japan as a single parent? It takes a village.
Making things work as a foreign, single mother in Japan isn't easy, but these tips and tricks can help you through the hardest parts.
Yen rebounds strongly after first slide past ¥160 since 1990
The yen dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01 amid speculation of an intervention by Japanese currency authorities.
JAL cancels international flight after captain gets drunk at Dallas hotel
A Japan Airlines' flight from Dallas to Tokyo was canceled last week after its captain got drunk at a local hotel.
Climate change, chalky grains and the risks for Japan’s rice farmers
A farmer plants seedlings in Satsumasendai, Kagoshima Prefecture. Japan’s self sufficiency rate for rice is nearly 100%, compared with 38% for food overall, on a calorie basis.
Japan wants you to spend more with ‘luxury tourism’
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
Theaster Gates’ ambitious ‘Afro-Mingei’ brings Black Chicago to Tokyo
Theaster Gates' “A Heavenly Chord” lines up church pews before seven speakers and a Hammond B3 organ, a type of electric organ prevalent in Black American churches.
Casa del Cibo: A thriving jewel born from Tohoku’s harsh past
When chef Ryohei Ikemi moved to Hachinohe, Aomori Prefecture, and opened Casa del Cibo in 2011, it was the first proper Italian restaurant in the city.
Town to block view of Mount Fuji in response to overtourism
The town government of Fujikawaguchiko, Yamanashi Prefecture, decided to set up a 2.5-meter-high screen to prevent tourists from taking pictures of Mount Fuji looming behind a convenience store.

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