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Let me tell you about something that happened to me a few years back. I had just arrived at a clinic, where I was taking my teenage daughter in for a check-up. As I strolled casually through the parking level, I noticed that we were a bit late. I encouraged my daughter to hurry. Just as we were exiting the parking level, a man approached us, wanting my help with his car. He claimed that he couldn’t get it started. And for some odd reason he thought I would be able to. Yeah right! I know nothing about cars, and this sounded like a lure to me. My guess is he wanted to get me in the right position so that he could use my daughter against me. Maybe a robbery or something. I told him I was in a hurry and moved on. After the appointment was through, and we were returning to our vehicle, a blaring car security alarm echoed through the parking level. It seemed as though the man tried to assault a woman, but she sounded her car alarm, and a nearby police officer responded. He was now in hand cuffs. And yes, the lady was very fortunate.

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Debtwire, the leading distressed debt and leveraged finance real-time news and data service, today announced the findings of its 2008 Distressed Debt Market Outlook for North America survey. The study, published in conjunction with Bingham McCutchen LLP, FTI Consulting, Inc. and Macquarie Securities (USA) Inc., highlights major issues and trends facing the North American distressed debt market in 2008 and includes the expectations of market participants

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(ARA) - You’ve heard the old adage, pay down your credit card debt each month to avoid the nasty interest rate charges and fees that result from revolving balances. But if you’re like many of us, you need to carry a monthly credit card balance to pay for basic living expenses and emergency purchases. This is exactly what the credit card companies want you to do - it’s how they make money! One thing you may not realize is that by simply making your minimum payments it will take you a long time to eliminate credit card debt. Moreover, what happens when this credit card debt becomes too great of a burden, when you can no longer afford to keep up with your monthly minimum payments? Or worse, what happens if you experience a period of unemployment, or are facing unexpected medical costs? The short answer is that credit card companies still want and expect you to pay back your credit card debt.

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MELBOURNE, Jan 15 - Shopping mall owner Centro Properties Group , a high-profile Australian casualty of the global credit crunch, warned on Tuesday it may have more debt to refinance than it previously said, sending its share price down by nearly half.