AUSTRALIA: Blue Ribbon creditors demand payment by Friday
Creditors of the failed Blue Ribbon meat processor in Tasmania are demanding A$1m (US$545,000) in back-payments - and they want it by Friday. Farmers and livestock agents are owed the money from animals they sold to Blue Ribbon by the McKenzie Group, which briefly acquired Blue Ribbon. They are seeking payment from the liquidator of Blue Ribbon, Deloitte Touche Tohmatsu. The dispute is focused on whether Blue Ribbon Livestock - a company created to purchase livestock for Blue Ribbon Meat Products - actually traded.
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