Nova says will apply for court protection from creditors

(FROM KYODO NEWS)
Nova Corp. said Friday (Oct. 26) it will file for court protection from creditors under the Corporate Rehabilitation Law.

With debts estimated at 43.9 billion yen, the scandal-laden language school operator said it will apply for the protection with the Osaka District Court.

General Union (Some of NOVA teachers belong to this union.)
http://www.generalunion.org/

Q&A for Nova students /instructors /staff by General Union (in Japanese)
http://www.generalunion.org/news/?id=109

IN THE CASE OF BANKRUPTCY
http://www.generalunion.org/news/?id=138