One of the requirements for a corporation to enter bankruptcy in Japan is that it be “balance sheet insolvent.” Balance sheet insolvent means that even if the corporation has assets on hand, it cannot make full payment to all of its creditors even by selling all of its remaining assets. In essence, the company’s debt outweighs its assets.
Abducting parents are free to return the abducted child voluntarily, even after the start of Hague litigation. Voluntarily returning a child to his or her home country is also often cheaper than engaging in a drawn out and difficult legal battle and may result in more favorable negotiation and cooperation between the parents in the future.
Babies born in Japan are not automatically given citizenship the way babies in America are. A baby born to two foreign nationals in Japan will need legal status to stay in Japan similar to any other foreign national. Therefore, the foreign parents of a baby in Japan should take the necessary steps to secure the baby’s legal status in Japan.