The article below is taking out of today's New York Post:

Britney, Britney, we hardly knew ye . . .

Or, at least, we didn't know folks were saying you aren't cutting up any bread to feed your creditors.

Or that cranky lawyers are alleging your restaurant business, known as NYLA, was - in their words - 'undercapitalized with the intent of avoiding obligations bound to arise as a result of its operations.'

Or that, to quote paragraph 24 of court papers, 'was never adequately capitalized to engage in the business for which it was formed.'

Pinkey Enterprises, Britney's official LLC business name, is, sniff the plaintiff's mouthpieces, 'a defunct entity which cannot pay its debts.'

Pinkey/Britney/NYLA and all the ships at sea are said, by the plaintiffs, to have 'been stripped of assets, in that the assets have either been sold or have been appropriated for the personal use of Defendant Spears, or have been used by the Defendant to fund other business endeavors.'

Kiddies, mother is telling you this is more terrible than a flop album. Badder than a Dear Jane letter from Justin Timberlake.

The filing is in U.S. Bankruptcy Court, Southern District of New York (Manhattan). The judge is Arthur Gonzalez. There's three plaintiffs. One is Dairyland USA Corp., which performed some kind of services, which it's not exactly clear what they were, and that they have - supposedly, believably - not seen one cotton pickin' dime.

They say their full bill for services rendered is $33,750. And they say that their balance due is fully exactly $33,750.

They say that 'although the same has been duly demanded by the Plaintiff,' to date they have seen zippo.

Dairyland lawyers say 'full and accurate invoices' were sent 'periodically' and were accepted 'without objection' and never paid although the 'Defendant accepted the services rendered by the Plaintiff.'

And then Dairyland lawyer Kevin J. Nash gets a little snippy. He alleges Britney 'completely dominated the corporation.' And 'conducted the business in disregard of its corporate formalities in a manner that suited Defendant Spears' own personal convenience.'

Another complaining bunch goes by the name Ocean Clear, Inc. What exactly they did is not clear either. But they repeat and allege the same repetitions and allegations and they want only $8,100.00.

Another plaintiff is Sam Tell & Son Inc., whose attorney Brian Condon is huffing and puffing the same thing but only suing for '$4,976.02.' What the two cents is for, who knows.

From Britney, so far, not one nerd's heard a word. But here is my advice for her:

Britney, honey, rather than go to court, it's cheaper to pay the two dollars. Or at least - the two cents.

Source: The New York Post
Posted by Ruben

Funny how all they do is blame Britney, when the only thing she did with that restaurant, was basically lend her name and image for marketing purposes, she doesn't handle the business, she doesn't manage the restaurant, and as far as I'm concerned, she sees very little of the profit, it's simply just an image thing....so question is, why put the blame on her for something she hasn't even done? Blame the manager, the director, the chef instead, hmm....Maybe they should blame her for signing her name as a 20 year old not knowing what she had ahead of herself, but that's about it.....I say.