Thousands of foreign teachers including 900 from Britain face redundancy, financial misery and eviction from their homes after the collapse of Nova, Japan?s largest chain of English language schools. Diplomatic sources at the British and Australian embassies in Tokyo told The Times that they were expecting a ?significant exodus? of teachers, as unpaid staff struggle…

Nova Corp., the nation’s largest English-language school chain, which has been in financial trouble for months, filed for court protection on Friday under the Corporate Rehabilitation Law and suspended the operation of all its schools. As of the end of July, debts of the Osaka-based company were estimated at 43.9 billion yen, but with unpaid…

Japan’s largest language school has been placed in receivership, affecting hundreds of Australian teachers and thousands of students. Our correspondent in Tokyo, Shane McLeod, says with more than 900 branches across Japan, Nova language school was the country’s largest. It employed more than 4,000 foreigners, including an estimated 1,000 Australians. All of the company’s branches…

Nearly a thousand British language teachers were left fearing for their jobs today after Nova, the scandal-ridden owner of Japan’s biggest chain of language schools, closed its doors and filed for court protection from creditors who are owed at least ¥43.9bn (£187m). The firm, which has about 900 schools and 418,000 students, built its success…

Japan’s largest chain of foreign language schools, Nova Corp, has filed for court protection from creditors. The firm, which mainly offers English classes, has more than 800 schools and 400,000 students across Japan. But in June, it was ordered to suspend part of its operations, after a court ruled it had misled customers in advertisements…

Japan’s troubled language school Nova says it will apply to the courts for bankruptcy protection, after it announced that a boardroom coup had ousted its elusive president. Nova is one of Japan’s largest language schools, employing more than 4,000 foreign teachers, many of them Australians. Nova will seek court protection from its creditors over more…

Missing president dismissed in absentia Nova Corp., Japan’s largest language school chain, filed for bankruptcy Friday with estimated debts of about ?43.9 billion as it failed to recover from a crippling penalty for false advertising. Osaka-based Nova said it applied for protection from creditors under the Corporate Rehabilitation Law with the Osaka District Court, and…

[Nova] had been reeling from an administrative punishment issued in June over illegal practices, including deceiving would-be students with misleading advertisements. One focus of attention will be whether Nova’s estimated 300,000 students will be able to receive refunds for the lesson fees they paid in advance. The prepaid fees account for about 20 billion yen…

NOVA Corp., Japan’s largest English conversation school chain, took a further dive Friday morning, after filing for court protection from creditors under the Corporate Rehabilitation Law. The Osaka District Court is expected to appoint a receiver to try and rehabilitate the scandal-tainted firm, which currently has liabilities totaling 43.9 billion yen. Prior to the filing,…