Class Action Lawsuit Filed Against Mann Bracken and Creditors Interchange for Violations of Federal Law

A class action lawsuit was filed on behalf of clients of Hess Kennedy, the Campos Chartered Law Firm and the Consumer Law Center for violations of federal debt collection laws against Mann Bracken, LLC and Creditors Receivable Management, LLC. The lawsuit was filed in Federal Court in the Southern District of Florida under case number 08-cv-60529.

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The New York Times Company Reports 2008 First-Quarter Results

The New York Times Company announced today first-quarter 2008 earnings per share (EPS) from continuing operations of $.00, including a $.07 per share non-cash charge for the write-down of assets and a $.03 per share favorable tax adjustment, compared with EPS of $.14 in the first quarter of 2007, which included an unfavorable tax adjustment of $.03 per share. Excluding the charge and the adjustments, EPS from continuing operations was $.04 in the first quarter of 2008 compared with $.17 in the first quarter of 2007.

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Centro in trading halt as debt due

TROUBLED Centro Properties Group has gone into a trading halt ahead of an expected announcement on its debt refinancing.

The deadline for the $2.3 billion in debt owed to its Australian lenders falls today. Centro said its securities would remain in a halt until this Friday unless an announcement is made to the market earlier. The retail property trust owes $5.4 billion worth of debt in total, including debt owed to both US financiers and private noteholders. Centro ran into trouble after it borrowed heavily last year to fund its expansion into the US and has since contended with the global credit crunch. The trading halt today also includes Centro Retail Group securities. Share this article What is this? .



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Enterprise Reports Record Results for First Quarter 2008

Enterprise Products Partners L.P. (NYSE:EPD) today announced its financial results for the three months ended March 31, 2008. The partnership reported a 132 percent increase in net income to $260 million, or $0.51 per unit on a fully diluted basis, for the first quarter of 2008 compared to net income of $112 million, or $0.20 per unit on a fully diluted basis, for the first quarter of 2007.

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Canyon Lake's vice mayor charged cruise, debt payment on city credit card

Canyon Lake Vice Mayor Frank Kessler's city-issued credit card was used to pay for a $6,239 cruise and a $2,008 debt, according to documents released by the city Tuesday.

City Manager Lori Moss confirmed that the card charges were the ones that sparked an investigation into misuse of Kessler's credit card.

Kessler has one of nine city-issued cards, all linked to a single $20,000 line of credit, Moss said.

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Need Help Erasing IRS Debt?

(ARA) - Do you owe Uncle Sam money? Are you struggling with IRS debts and at a loss about what to do? Don't despair, you are not alone. Many Americans owe back taxes, or cannot afford to pay their IRS debts, but there are places you can turn for help.A good place to start is with an understanding of the different IRS tax debt strategies. There are five of them:1. Offer in Compromise: a program where you can settle your tax debts for less than what you owe. Requires making a lump sum or short term payment plan to pay off the IRS at a reduced dollar amount.2. Installment agreement: a monthly payment plan for paying off the IRS.3. Partial payment installment agreement: a somewhat new debt management program where you have a long term payment plan to pay off the IRS at a reduced dollar amount. .


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K Street in Brief

The CEOs for Delta and Northwest arrived in Washington two days ahead of scheduled appearances before congressional panels in hopes of smoothing the path for their proposed $17.7 billion merger.

Richard Anderson, Delta CEO, said rising fuel prices and growing international competition necessitated the airlines’ joining forces.

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