Feel free to contact someone who actually practices bankruptcy law in Japan for a more authoritative answer, but I'd bet a dollar against a yen that they do exactly this. I would further bet that it would be a good time to be in Tokyo and capable of convincing a member of the Japanese establishment that one was willing and able to pay a substantial sum of yen, held at a reputable Japanese bank and having absolutely crystal clear provenance to a reputable business, for the impaired assets. The successful candidate will also exude the ability to complete complex high-value transactions in a manner befitting A Business Run By Responsible Adults (TM).