Abengoa Reports $1.3 Billion Loss Amid Fight Against Insolvency – Bloomberg

Abengoa SA, the Spanish renewable-energy company scrambling to avoid bankruptcy, reported a 1.2 billion-euro ($1.3 billion) loss for 2015 after its business was revalued amid a financial restructuring process. The Seville-based company shifted to a loss after posting net income of 125.3 million euros the previous year, according to a regulatory filing Monday. The loss…

Consultant calls high insolvency rates ‘a troubling trend’ – CBC.ca

A St. John’s financial consultant who helps people cope with unmanageable debt says a spike in the number of personal insolvencies in oil-producing provinces is a sign of the times.  “We’re talking about almost 2,000 filings a year and, for a small province such as Newfoundland, [that’s] a pretty big number. It’s not insignificant,” said Sean Stack,…

John Marshall Law School Bankruptcy Professor Jason Kilborn Invited to Join International Insolvency Institute – GlobeNewswire (press release)

CHICAGO, Feb. 29, 2016 (GLOBE NEWSWIRE) — Professor Jason Kilborn from The John Marshall Law School in Chicago has been asked to join the prestigious International Insolvency Institute, an invitation-only organization of leading bankruptcy and restructuring professionals. Over the past decade, Kilborn has focused his academic research on a comparison of bankruptcy and insolvency in…