Five Sk:n Group Firms in Liquidation: Info for All

Winding-up orders were made against five companies from the Sk:n Group of companies on Thursday 18 July 2024. The court appointed the Official Receiver, Joseph Sullivan, as liquidator of: Lasercare Clinics (Harrogate) Limited (company number 02545572) LCHMG Limited (company number 12325705) ABC Lasers Ltd. (company number 04795786) Cosmeceuticals Limited (company number 06114019) Cellite Clinic Limited…

Heavily Indebted Poor Countries (HIPC) Initiative

The World Bank, the International Monetary Fund (IMF) and other multilateral, bilateral and commercial creditors began the Heavily Indebted Poor Countries (HIPC) Initiative in 1996. The program was designed to ensure that the poorest countries in the world are not overwhelmed by unmanageable or unsustainable debt burdens. It reduces the debt of countries meeting strict…

Rudy Giuliani files for bankruptcy

NEW YORK (AP) — Rudy Giuliani filed for bankruptcy on Thursday, acknowledging severe financial strain exacerbated by his pursuit of former President Donald Trump’s lies about the 2020 election and a jury’s verdict last week requiring him to pay $148 million to two former Georgia election workers he defamed. The former New York City mayor…

Watch E-tailer Chronext Files for Voluntary Administration

Chronext, a European watch e-tailer that had flirted with the idea of going public, announced this week that it has filed for voluntary administration. Voluntary administration is akin to Chapter 11 bankruptcy reorganization in the United States. “We see the current measure as a significant opportunity to reposition Chronext,” said Frederike Knop, managing director of parent…

Sir Bradley Wiggins is declared bankrupt: Cycling legend, 44, could be forced to hand over his medals and trophies after falling into financial difficulties

Sir Bradley Wiggins has been declared bankrupt and could be forced to hand over his medals and trophies after falling into financial difficulties.  The eight-time Olympic medallist was declared bankrupt at Lancaster county court on June 3, according to The Times, following years of money troubles with numerous business ventures over the years.  Wiggins Rights Limited,…

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Debt Overview: Development news, research, data

Achieving the Sustainable Development Goals requires significant investment—in infrastructure, human capital, and climate change resilience, among other areas. But governments in developing countries are often limited in their ability to mobilize domestic revenues or private investment, while external grants are scarce. Debt financing is critical for development. But it must be transparent, well-managed, and used in…

Black Hops Brewing set for liquidation as sale ‘imminent’

record-breaking crowdfunding campaign in 2022 that raised $2.2 million from almost https://www.businessnewsaustralia.com/1,000 investors in 24 hours. Black Hops was founded by Daniel Norris, Michael McGovern and Edward Oldfield, who initially undertook a non-equity crowdfunding campaign in 20https://www.businessnewsaustralia.com/16 to help fund the company’s first taproom at Burleigh Heads. Oldfield and McGovern remain the company’s biggest shareholders…