Nova language school chain goes under

[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 of the company’s liabilities.

Another question concerns the wages in arrears to many of about 4,000 instructors and 2,000 other employees.

http://www.asahi.com/english/Herald-asahi/TKY200710260289.html