FAQ

February 13, 2017

Who petitions for a bankruptcy in Japan?

In Japan, bankruptcy petitions can be brought by a variety of parties.  The most common situation is for the debtor to file for bankruptcy personally as a way to escape payment, but this does not always happen.  When a debtor refuses to file bankruptcy, it is often left to the creditor to file for bankruptcy on behalf of the debtor and submit evidence of unpaid debt as proof that the debtor can no longer make payments on debts.
January 25, 2017

What is the purpose of notarizing a document in Japan?

The notary system in Japan is similar to the system of notarizing documents in foreign countries.  Notaries prepare notarial deeds, attest to a private deed and attest to legal documents. When two parties sign an agreement in front of a notary, the notary can provide official proof that the parties signed the document and understood what they were signing. 
December 29, 2016

Why is it important to negotiate a foreign debt?

Having a foreign judgment against a Japanese person or company entitles the debt’s owner to legally enforce the debt in Japan.  However, while this is the only solution in many cases, enforcing that debt can cost money and time and it may be advisable to pursue other options before filing a lawsuit.  Rather than immediately pursue legal action, usually it is beneficial to have an attorney contact the debtor and open negotiations first. 
December 23, 2016

Does a wife have the responsibility to pay off a debt that her husband created?

Married couples in Japan are responsible for sharing expenses related to the marriage.  Specifically, if one spouse signs a contract with a third party regarding everyday household matters (such as a cleaning service) then the other spouse will also be a responsible party under this contract unless there is prior notice given that he or she will not assume any liability under the agreement. However, this sharing of costs for household necessities and daily expenses does not extend to liability incurred in other areas not related to the marriage.  For example, barring some special circumstance, a wife will not be […]