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May 10, 2024
 

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BANKRUPTCY

Japan Times
BUSINESS / Companies
Jul 10, 2020
Muji U.S.A. files for bankruptcy, citing pandemic shutdowns
Muji's U.S. unit joins more than 110 companies that have declared bankruptcy in the U.S. this year and blamed the coronavirus crisis in part for their demise.
Japan Times
BUSINESS / Companies
Jul 2, 2020
NPC, top U.S. franchisee of Pizza Hut and Wendy's, files for bankruptcy
The plan is to reduce the company's debt and sell some of its restaurants, starting with Wendy's, court papers show.
Japan Times
BUSINESS / Economy
May 29, 2020
Japan bankruptcies seen rising to seven-year high amid pandemic
A global economic slowdown triggered by the COVID-19 pandemic is causing companies to go out of business around the world.
Japan Times
BUSINESS / Companies
May 16, 2020
Japan apparel firm Renown files for bankruptcy as virus hit sales
Japanese apparel maker Renown Inc. said Friday it filed for bankruptcy protection after the coronavirus pandemic hit sales sharply in recent months.
Japan Times
BUSINESS / Economy
May 11, 2020
‘Hidden’ defaults set to soar as recession squeezes firms worldwide
The COVID-19 outbreak and unprecedented lockdowns prompted the International Monetary Fund to predict that the recession would be the steepest in almost a century.
Japan Times
BUSINESS
May 5, 2020
Coronavirus-linked bankruptcies rise sharply in Japan
As of Friday, the number of bankruptcies linked to the spread of the virus totaled 114, according to the survey conducted by Tokyo Shoko Research.
Japan Times
BUSINESS / Companies
Mar 30, 2020
SoftBank shares tumble 10% after OneWeb files for bankruptcy
SoftBank Group Corp. fell as much as 10 percent after a provider of satellite-based internet service that it invested in filed for bankruptcy, ceding some gains from an unprecedented plan to sell assets and buy back shares.
Japan Times
BUSINESS / Companies
Mar 2, 2020
Japan's Luminous Cruising blames coronavirus as it files for bankruptcy
A cruise ship company in Kobe was effectively bankrupted by the coronavirus crisis on Monday after filing for protection from creditors under the corporate rehabilitation law.
Japan Times
BUSINESS / Companies
Feb 25, 2020
Japan sees first business failure linked to coronavirus
A hotel in Aichi Prefecture will file for bankruptcy due to a steep fall in customers amid the coronavirus outbreak, Tokyo Shoko Research Ltd. said Tuesday.
Japan Times
JAPAN / Crime & Legal
Feb 18, 2020
Nine arrested for illegally collecting money for food business Kefir
Nine people were arrested Tuesday on suspicion of illegally collecting money for a food product sales business run by a Tokyo-based mail-order service company that filed for bankruptcy in 2018, police said.
Japan Times
BUSINESS
Jan 23, 2020
Ghosn predicted Nissan bankruptcy by 2022, says ex-prosecutor Gohara
Nissan Motor Co. will go bankrupt within two to three years, Carlos Ghosn told a defense attorney during more than 10 hours of interviews before the auto executive skipped bail and left Japan.
Japan Times
BUSINESS / Companies
Jan 19, 2020
A decade after Japan Airlines' went bankrupt, criticisms over the government bailout remain
A decade after Japan Airlines' went bankrupt, questions and criticisms remain over the generous state assistance provided to the company to help it dig itself out from under a mountain of debt.
BUSINESS
Jan 14, 2020
Japan corporate bankruptcies rose in 2019 for first time in 11 years
The number of corporate bankruptcies increased in 2019 for the first time in 11 years, affected by the consumption tax hike, labor shortages and a series of natural disasters, a credit research agency said Tuesday.
BUSINESS / Companies
Nov 22, 2019
Bumble Bee files bankruptcy amid antitrust fines and lawsuits
Bumble Bee Foods LLC, the largest North American brand of packaged seafood, filed for bankruptcy amid criminal fines and civil lawsuits stemming from a federal price-fixing case with plans for its assets to be acquired by FCF Co. for about $925 million.
Japan Times
BUSINESS
Sep 30, 2019
Forever 21 files for bankruptcy, adding to retail apocalypse
Forever 21 Inc. has filed for bankruptcy protection, adding another big fashion merchant to the tally of retailers who couldn't cope with high rents and heavy competition.
BUSINESS
Sep 22, 2019
Storied British travel group Thomas Cook battles for survival with final creditor meeting
Bosses at Thomas Cook were meeting lenders and creditors Sunday to decide whether the world's oldest travel company could survive until Monday, or face a chaotic collapse that would be felt around the world.
Japan Times
BUSINESS
Sep 12, 2019
Purdue Pharma reaches tentative opioid settlement in deal worth up to $12 billion, will file for bankruptcy soon: sources
OxyContin maker Purdue Pharma LP reached a tentative agreement with some plaintiffs to resolve widespread litigation over its alleged role in fueling the U.S. opioid crisis and plans to tussle with states opposing its settlement offer in bankruptcy proceedings starting as soon as next week, people familiar with the matter said.
Japan Times
BUSINESS / Companies
Sep 4, 2019
OxyContin maker Purdue prepares 'free-fall' bankruptcy as settlement talks stall, sources say
OxyContin maker Purdue Pharma LP is preparing to seek bankruptcy protection before the end of the month if it does not reach a settlement with U.S. communities over widespread opioid litigation, three people familiar with the matter said, after some states balked at the company's $10 billion to $12 billion offer in August to end their lawsuits as part of a negotiated Chapter 11 case.
Japan Times
BUSINESS / Companies
Aug 28, 2019
Purdue Pharma discussing up to $12 billion offer to settle over 2,000 opioid claims and filing for bankruptcy
OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday.
Japan Times
BUSINESS
Aug 6, 2019
Titanic shipyard Harland and Wolff to file for insolvency
Harland and Wolff, the Belfast shipyard that built the Titanic, was put into administration on Monday after its bankrupt Norwegian owner failed to find a buyer and calls for its nationalization were rebuffed.
Japan bread recalled after rat parts found inside packs
Pasco Shikishima has recalled 104,000 packs of its white Chojuku bread after parts of a rat's body were discovered in two of them.
Tokuryū, a new crime menace in Japan, emerges from the shadows
The National Police Agency coined the term "tokuryū" to classify individuals involved in dark part time jobs and quasi-gangsters, using the words "tokumei" (anonymous) and "ryūdo" (fluid) to reflect their characteristics.
Nearly 6 million elderly people in Japan will have dementia by 2040
The latest figure is significantly less than a previous projection released in 2015 that said more than 8 million people would have dementia by 2040.
Thanks, tourists. Views of Mount Fuji are now blocked.
Tourists pose in front of a convenience store with Mount Fuji on Friday in the town of Fujikawaguchiko, Yamanashi Prefecture. Local residents are upset over littering, overcrowding and the inconvenience caused by the visitors.
Is Modi’s party heading for a stunning election loss?
Indian Prime Minister Narendra Modi's campaign tactics have escalated, including anti-Muslim rhetoric and fearmongering, reflecting his ruling party's desperation.
Gambling scandal involving Shohei Ohtani's interpreter being turned into TV series
Ippei Mizuhara interprets for Shohei Ohtani during the baseball star's introductory news conference with the Los Angeles Dodgers on Dec. 14.
How the discovery of a giant sword in Nara offers clues into ancient Japan
Archaeologists say a 1,600-year-old wooden coffin at the Tomio Maruyama tumulus in the city of Nara was kept in good condition probably because it was protected by a layer of clay and copper ions that had seeped out of the mirrors that were buried together.
Stormy seas ahead as Beijing and Manila trade barbs over secret deal
Philippine Marines wave to Philippine Navy personnel and the media during a resupply mission at their military outpost, the BRP Sierra Madre, a warship run aground in the disputed Second Thomas Shoal in 1999, in the South China Sea, in March 2014.
Unlike 10 years ago, Japan's new security bill sparks little debate
The Lower House starts discussing a security clearance bill on April 19 in Tokyo.
After blockbuster boxing victory, what next for ‘Monster’ Inoue?
Naoya Inoue celebrates his victory over Luis Nery in their IBF-WBA-WBC-WBO super bantamweight title boxing match at Tokyo Dome on Monday.

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