Since NOVA instructors are all non-Japanese, it's interesting to see their respective embassies getting involved. According to this post on JapanProbe, the Australians are getting the best treatment from their government with an offer of emergency loans to foreign nationals in tight spots. Not a whole lot - maybe AU$150, but it's better than ( Read more... )

According to this article in the Mainichi, there are a bunch of companies lining up to try and resurrect NOVA, if they can. It's no certainty, but if a plan can be put together, we could be back at work within a month.

We shall see.

NOVA has declared bankruptcyThey have 43.9 billion yen in debt and have ceased operations for the foreseeable future ( Read more... )

While I don't have any proper English articles yet, it would seem that progress is finally being made in the Great NOVA meltdown ( Read more... )

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From Let's Japan:

A new fax has been received in schools saying that teachers will not be paid on the 15th.
To all instructors:

I deeply regret to inform all instructions that we are unable to pay salaries on Monday October 15. This is because it has not been possible to gather sufficient funds as quickly as planned. Instructors are now scheduled to ( Read more... )

Jasdaq rejects NOVA report on improvement measures

Basically a pass. No action taken just yet. They want another report on the 19th, which will be after payday - more incentive for them to get us paid on time. If they can....

Apparently today will be a big day - the decision will be made whether or not to de-list the company from the stock exchange. If it is, there'll be trouble, because legend has it that the only reason anyone got paid last month was because the CEO put up 9 million shares as collateral for some quick cash. (LGT Google translation - it's horrible [" ( Read more... )

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