16 May 2001, 10:30  Japan April corporate bankruptcy liabilities up 10.8 pct yr-on-yr: Teikoku

TOKYO (AFX-ASIA) - Corporate bankruptcy liabilities in April rose 10.8 pct year-on-year to 1.48 trln yen, the second largest April liability level since the second world war, Teikoku Databank said. The number of corporate bankruptcy cases in April rose 4.4 pct year-on-year to 1,631, the third highest level since the war, it said. The largest collapse in April was Nice Middle Sports Club, which had debt of 66 bln yen followed by Daiwa Toshi Kanzai, which had debt of 48 bln yen.

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