Debts keep mounting for failed beef operation

The multimillion-dollar debts keep mounting for companies associated with a failed Southland Wagyu beef operation, which promoted its cattle as receiving massages and having music played “to keep them soothed and calm”. According to its website, Black Origin Wagyu combined the origin of Japanese breeding genetics and 200-year-old techniques with New Zealand’s grass, grain, water…

Teamsters Applaud Introduction of Bipartisan Corporate Bankruptcy Reform Legislation

Press Releases 2024.12.05 Legislation Would Put Workers, Retirees Ahead of Executives During Bankruptcy Press Contact: Kara Deniz Phone: (202) 497-6610 Email: [email protected] (WASHINGTON) – The Teamsters Union commends Sen. Dick Durbin (D-Ill.) and Sen. Josh Hawley (R-Mo.) for introducing the Protecting Employees and Retirees in Business Bankruptcies Act in the U.S. Senate, which would correct abuses of…

Business insolvencies at ‘record highs’

A breakdown of the business landscape across Australia has revealed record-high insolvencies, with things expected to get worse as we enter 2025. CreditorWatch released its November Business Risk Index, with data showing insolvencies are at “record highs in number,” up 57 per cent since November 2023. Further, the average business failure and closure rate across…