Tag - bankruptcy

 
 

BANKRUPTCY

Japan Times
BUSINESS
Jun 16, 2017
End of the road for Takata? Air bag maker may file for bankruptcy next week
Beleaguered air bag maker Takata, buried under liability claims linked to its defective inflators, is about to file for bankruptcy, sources say.
Japan Times
BUSINESS / YEN FOR LIVING
Apr 22, 2017
Tellmeclub's bankruptcy grounds discount travel services
On March 27, discount travel company Tellmeclub filed for bankruptcy while a number of its Japanese customers were still overseas on package tours.
Japan Times
JAPAN
Apr 21, 2017
Moritomo Gakuen applies for bankruptcy protection
The troubled Osaka school operator at the center of national political scrutiny applied for protection from creditors on Friday via court-mediated rehabilitation.
BUSINESS
Apr 10, 2017
Bankruptcies fell to 26-year low in fiscal 2016
The number of business failures of Japanese companies with debts of at least ¥10 million fell to a 26-year low in fiscal 2016, according to credit research agency Tokyo Shoko Research.
Japan Times
BUSINESS / Companies
Mar 27, 2017
Discount travel agency Tellmeclub files for bankruptcy
Tokyo-based travel agency Tellmeclub filed for bankruptcy with the Tokyo District Court on Monday with liabilities estimated at ¥15.1 billion, including ¥9.9 billion relating to 36,000 travel contracts.
Japan Times
BUSINESS / YEN FOR LIVING
Feb 25, 2017
Popularity of card loans add to financial woes
Supreme Court records show that there were 64,637 filings for personal bankruptcy in 2016, an increase of 781 cases over 2015, thus marking the first increase in 13 years.
BUSINESS / Companies
Feb 24, 2017
Toshiba's U.S. unit Westinghouse to explore Chapter 11 bankruptcy: sources
Toshiba Corp. will explore Chapter 11 bankruptcy for U.S. nuclear power unit Westinghouse Electric Co. among options to rebuild the business while using proceeds from the sale of its mainstay chip business to continue operating it, sources close to the matter said Friday.
Japan Times
BUSINESS / Companies
Nov 4, 2016
Source says Takata's U.S. unit is considering filing for bankruptcy
The U.S. unit of Takata Corp. is considering filing for Chapter 11 protection under the federal bankruptcy code, a source close to the matter said Friday, a move apparently aimed at seeking a sponsor to help pay for the cost of the global recall of its air bag inflators that have been linked to at least 15 deaths worldwide.
BUSINESS / Companies
Oct 11, 2016
Takata considers bankruptcy for U.S. unit
Takata Corp. is considering bankruptcy protection for its U.S. unit, among other options, a person with knowledge of the matter said.
Japan Times
BUSINESS
Sep 26, 2016
Deserted Yubari tries creating new population nucleus in test case for Japan
A former coal-mining town in Hokkaido is taking unprecedented measures to combat its biggest challenge: a devastating shrinking of its population. Its success could decide the future for hundreds of other local governments waging the same battle for survival.
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.

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