The bankruptcy of NOVA, Japan’s erstwhile biggest eikaiwa school, is big news, so Debito.org need not amplify it much more (I try to give cyberspace to issues less covered). But for the sake of completeness, here is something from Ken Worsley of Trans Pacific Radio, courtesy of Metropolis.

As many of you know, Nova is on the verge of bankruptcy and is likely already insolvent, burdened with massive liabilities from terminated and ongoing student contracts, and little assets since most properties are rented. Administrative staff were not paid on their most recent payday of Sept. 27 and have yet to be paid. Management has already said that teachers’ salaries will not be paid on Oct. 15 (tomorrow) and may be paid by Friday, Oct. 19. The situation for thousands of foreign and Japanese employees around the country is serious. In addition to unpaid wages, some are being kicked out of their housing, others are having visa problems. Meanwhile, President Nozomu Sahashi is nowhere to be found and refuses to file to the court for bankruptcy protection. Such a filing would aid all employees to retrieve 80% of their unpaid waves through government subsidies and to start to receive unemployment benefits (‘for those who have been employed long enough). The company is falling apart without Sahashi filing properly, the worst possible of situations, making it far more difficult and time-consuming to get our wages paid and onto the dole, etc.