| | Re: Qualification Requirements to Teach English in Asia
NOVA filed for court protection from its creditors, as it's roughly 44 billion yen in debt. These figures are from June or July, so the debt is likely greater. At this point, they're shopping around for a major corporation to bail them out.
There are a lot of reasons for NOVA's demise. The final blow came over false advertising. NOVA advertised lessons at any time, but couldn't provide the service. And when students asked for refunds, the company either said "no," or claimed that the points were less valuable than when they were purchased.
It is very depressing, especially for the teachers who are here. A lot have no jobs, no savings, and so have no choice but to return home.