19 January 2001, 10:31  Japan Dec corporate bankruptcy liabilities up 111.9 pct Teikoku

TOKYO (AFX-ASIA) - Corporate bankruptcy liabilities in December rose 111.9 pct year-on-year to 831.8 bln yen, compared with a rise of 119.3 pct to 1.22 trln yen the previous month, Teikoku Databank said. The number of corporate bankruptcy cases in December rose 0.2 pct year-on-year to 1,550, it said.
This was the 14th consecutive year-on-year rise in the number of cases, while the level of liabilities was the fifth highest for the month of December since records begun.
The largest collapse in October was S&D, which had debt of 86.2 bln yen followed by Marutomi, with debt of 76.1 bln yen.
In 2000, the number of bankruptcy cases totaled 19,071, up 23.4 pct, while liabilities were 23.9 trln yen, up 77.0 pct.

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