But there were also signs that another big Japanese corporate debtor, worried about suffering the same fate as Sogo, might be bailed out.

Bank closings and pledges by big corporate debtors have made the agency Astra's largest shareholder, with a stake of roughly 40 percent.

Perfection is typically achieved by filing a financing statement with government, often the secretary of state located at a jurisdiction where a corporate debtor is incorporated.

A spokesman for the agency said some of the corporate debtors had neglected to return the letter and others had returned letters with unauthorized changes.

The BIA provides a more rules-based approach for resolving a corporate debtor's insolvency, which must be observed strictly.

Intensified Problems Seen He added that he also expected financial problems to intensify as corporate and private debtors depleted their cash and faced defaults.

Insider (of corporate debtor)

The Forbes revelations that Sukanto Tanoto is worth more than $2.8 billion, but he is still one of Indonesia's largest corporate debtors.

Cut off credit to the Dirty 30, he urges, using a familiar shorthand term for the biggest corporate debtors.

Once all assets of the corporate or partnership debtor have been fully administered, the case is closed.