TCREUR_Public/070425.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

            Wednesday, April 25, 2007, Vol. 8, No. 81

                            Headlines


A U S T R I A

AUTOMONDIAL KFZ: Claims Registration Period Ends May 15
BRAINSTUDIO LLC: Claims Registration Period Ends May 16
FINNOVA HAUS: Estate Administrator Declares Insufficient Assets
FISCHER KEG: Claims Registration Period Ends May 10
GUERER LLC: Claims Registration Period Ends May 15

HAUS INFO: Linz Court Orders Business Shutdown
KALTEIS MOEBEL: Claims Registration Period Ends May 9
PRAXMARER HOLDING: Claims Registration Period Ends May 11
SOMMER - SPIEGL: Claims Registration Period Ends May 15
VIKTORIA LLC: Vienna Court Orders Business Shutdown


B E L G I U M

ADVANCED MICRO: Posts US$611-Million Net Loss for Q1 2007
GOODYEAR TIRE: Amends US$2.7-Bln & EUR505-Mln Credit Facilities
GOODYEAR TIRE: Bondholders Have Until June 29 to Convert Notes


C Y P R U S

BANK OF CYPRUS: Trades 328,963 New Shares in Cyprus & Greece


F R A N C E

ALCATEL-LUCENT: Posts EUR260-Million Operating Loss for Q1 2007
RHODIA SA: Increases Size of Offering to EUR595 Million
XEROX CORP: Earns US$233 Million in First Quarter 2007


G E R M A N Y

A.H. BROSE: Claims Registration Period Ends May 15
AUTO- PLETZER: Claims Registration Period Ends June 4
AUTOHAUS - EGGER: Claims Registration Period Ends May 31
AUTOHAUS BOESNER: Claims Registration Period Ends May 18
AUTOHAUS KOCH: Claims Registration Period Ends May 2

BERFRA BUCHDIENST: Creditors' Meeting Slated for May 15
BEROLINA MARKETING: Claims Registration Period Ends May 24
CABLE ONE: Claims Registration Period Ends May 31
CLS EXPRESS: Claims Registration Period Ends June 28
CUCINE INTERIOR: Creditors' Meeting Slated for May 22

DAIMLERCHRYSLER AG: Unions Remain Opposed to Chrysler Sale
EIGENHEIMBAU GMBH: Claims Registration Period Ends May 11
ERDMANN DACHDECKER: Claims Registration Ends May 18
ESWO GMBH: Claims Registration Ends May 7
F.I.S. Food: Claims Registration Ends May 25

HK DIENSTLEISTUNGEN: Claims Registration Ends May 21
HOLZ & FORM: Claims Registration Ends May 30
HVG ELECTRONIC: Claims Registration Ends May 31
HWSP GMBH: Claims Registration Ends May 31
KEMA GMBH: Claims Registration Period Ends May 15

INKOBA GMBH: Creditors Must Register Claims by May 29
KLOECKNER & CO: Moody's Lifts Corporate Family Rating to Ba2
KOEHLER MASSIVHAUS: Creditors Must Register Claims by May 24
LIN-TEC LINDAU: Creditors Must Register Claims by June 1
MICRO RESULT: Claims Registration Period Ends May 25

MOEBELHOF N.O.L.: Creditors Must Register Claims by May 23
PARGA DIENSTLEISTUNG: Creditors Meeting Slated for June 1
PARKDACHTECHNIK POBURSKI: Creditors Must File Claims by June 1
PEN + PAPER: Claims Registration Period Ends May 16
PRIVATBANK REITHINGER: Owner Charged with Concerted Tax Evasion

R. C. GASTRONOMIE: Claims Registration Period Ends June 17
SCHIEDER MOEBEL: Secures EUR70-Mln Loan; Averts Insolvency
SCHROTT-VERWERTUNG-BERLIN GMBH: Claims Registration Ends May 31
SMH-SCHWEISSKONSTRUKTION: Claims Registration Ends May 21
SPARK GMBH: Claims Registration Period Ends May 29

STEINMETZBETRIEB SCHNEIDER: Claims Registration Ends May 7
WALTER COHRS: Claims Registration Period Ends June 6
YACHT MANAGEMENT: Claims Registration Period Ends May 15


I R E L A N D

AFFILIATED COMPUTER: Darwin Deason Raises Bid to US$62 Per Share
CLOVERIE PLC: S&P Lowers Series 2005-55 Debt Rating to B


K A Z A K H S T A N

BS GROUP: Creditors Must File Claims by May 25
ERASYL & K: Creditors' Claims Due May 22
JALYN-KOKSHE LLP: Proof of Claim Deadline Slated for May 25
JEN LYAN: Claims Registration Ends May 25
JEZTECHSERVICE & K: Claims Filing Period Ends May 25

KAMBIZ TRADING: Creditors Must File Claims by May 22
KASTER LLP: Creditors' Claims Due May 25
MALESTA LLP: Proof of Claim Deadline Slated for May 25
ORDA-2030 LLP: Claims Registration Ends May 25
SERVICE TECH: Claims Filing Period Ends May 25


K Y R G Y Z S T A N

ARES LLC: Creditors' Meeting Slated for May 14


L U X E M B O U R G

PENTA CLO: Moody's Rates EUR13-Million Class E Notes at Ba1


R U S S I A

ALESHKOVSKOYE CJSC: Bankruptcy Hearing Slated for July 12
ALITET CJSC: Creditors Must File Claims by May 7
BALTIC BUILDING: Creditors Must File Claims by May 7
BOGRADSKIY CHEESE: Creditors Must File Claims by May 1
DOMEN-3 CJSC: Creditors Must File Proofs of Claim by May 7

EAR LLC: Court Names A. Zhadnov as Insolvency Manager
ENERGO-OIL-GAS-STROY: Bankruptcy Hearing Slated for July 9
EVRASERVICE CJSC: Creditors Must File Claims by May 7
GAY-MILK LLC: Creditors Must File Claims by May 1
KARASUK OJSC: Creditors Must File Claims by May 1

KRASNOSELSKAYA POULTRY: Asset Sale Slated for May 15
NOVOSELOVSKIY DIARY: Bankruptcy Hearing Slated for July 12
PROMSVYAZBANK JSCB: Gets US$300-Million Loan to Fund Expansion
RISOVYJ LLC: Krasnodar Bankruptcy Hearing Slated for July 12
STROY-TRANS OJSC: Creditors Must File Claims by May 7

TVER-BESSER CJSC: Creditors Must File Claims by May 7
VNUKOVSKAYA POULTRY: Creditors Must File Claims by May 7
YUKOS OIL: Auctioneer Gets Zero Bids for Eight Non-Core Assets
YUKOS OIL: Samaraneftegaz Unit Eyes Restructuring


S P A I N

ALLIANCE ATLANTIS: Canadian Regulator Clears CanWest Takeover
AUCTENTIA SLU: Chapter 15 Petition Summary


S W I T Z E R L A N D

BASIFA VERWALTUNGS: Zug Court Starts Bankruptcy Proceedings
CONTECTA CONSULTING: Creditors' Liquidation Claims Due May 10
EBERHARD BAUER: Creditors' Liquidation Claims Due May 11
ERP CONSULTING: Creditors' Liquidation Claims Due May 11
HOBLA CATERING: Basel Court Starts Bankruptcy Proceedings

KARDIALE REHABILITATION: Liquidation Claims Due May 10
KASPAR WEBER: Creditors' Liquidation Claims Due May 21
LUDEUG LLC: Creditors' Liquidation Claims Due May 11
MARFRA JSC: Creditors' Liquidation Claims Due May 18
NASHORN LLC: Aargau Court Starts Bankruptcy Proceedings

RIGI CONTAINER: Creditors' Liquidation Claims Due May 11
SONJA BERGLAS: Creditors' Liquidation Claims Due May 7
SWISS COMMODITY: Creditors' Liquidation Claims Due May 10
THE EUROPEAN STUDENT: Creditors' Liquidation Claims Due May 15
ZALBA LLC: Creditors' Liquidation Claims Due May 31


U K R A I N E

CAT LLC: Claims Registration Bar Date Set May 4
DARIYA & K: Claims Registration Bar Date Set May 4
EUROTECH LLC: Claims Registration Bar Date Set May 4
GAMA TRADE: Claims Registration Bar Date Set May 4
GLUKHOV BUTTER: Creditors Must File Claims by May 2

NIVA LLC: Creditors Must File Claims by May 2
REGISTER-SYSTEM L: Claims Registration Bar Date Set May 4
RESTORATION 2001: Claims Registration Bar Date Set May 4
UKRAINE LLC: Claims Registration Deadline Set May 2
UKRAINIAN CORRUGATION: Claims Registration Bar Date Set May 4

VISHNEVCHIK LLC: Creditors Must File Claims by May 2


U N I T E D   K I N G D O M

[Redacted]
A CLASS: Calls In Liquidators from Gerald Edelman
ADVANCED DATABASE: Taps M. S. E. Solomons to Liquidate Assets
ADVANCED MARKETING: Wants to Sell U.K. Subsidiaries and Bookwise
ARMOR HOLDINGS: Earns US$36 Million for First Quarter 2007

ARMOR HOLDINGS: Gets US$41.7MM Deal for Medium Tactical Vehicles
BILLAWAY FACILITIES: Brings In Liquidators from KPMG
BILLINGS & HATHAWAY: Joint Liquidators Take Over Operations
BRIGHTON BOILER: Taps Liquidators from KPMG
BROOKS HAMMOND: Appoints Freddy Khalastchi as Liquidator

CALYPSO BATHROOM: Hires Liquidator from Tomlinsons
CASTLE HOLDCO 4: Moody's Assigns (P)B2 Corporate Family Rating
CASTLE HOLDCO 4: S&P Junks Proposed GBP170-Million Senior Notes
CASTLESIDE DEVELOPMENTS: Taps Liquidators from RMT
CITEX PROFESSIONAL: Creditors Must File Claims by May 10

COLLINS & AIKMAN: Court Okays Stipulation with Williamston
COLLINS & AIKMAN: Sells Soft Trim Business to Int'l Automotive
COUNTY RECRUITMENT: Creditors' Meeting Slated for April 30
DEAGO AUDIO: Names David Andrew Field Liquidator
DEVON INTERIORS: Creditors' Meeting Slated for April 26

DIVE ACADEMY: Creditors' Meeting Slated for May 15
DOMESTIC & INDUSTRIAL: Brings In Liquidators from KPMG
DONOVAN CONSTRUCTION: Creditors' Meeting Slated for May 10
EMERALD EXHIBITIONS: Alan Simon Leads Liquidation Procedure
FOOT LOCKER: Genesco Turns Down US$1.2 Billion Takeover Offer

FOOT LOCKER: S&P Keeps Negative Watch Over US$1.2BB Genesco Bid
FORMAL HIRE: Claims Filing Period Ends May 11
FSP REALISATIONS: Calls In Liquidators from Moore Stephens
GENERAL MOTORS: Wagoner Sees Hope Despite Delay in Delphi's Exit
GENERAL MOTORS: FSA Okays Common Stock Delisting From LSE

GENERAL MOTORS: Europe Sales Up 6% in First Quarter 2007
GLENSIDE RE-CYCLING: Hires Liquidator from Sharma & Co.
IDENTIKIDS LTD: Creditors' Meeting Slated for May 8
KENSI LTD: A. H. Tomlinson Leads Liquidation Procedure
[Redacted]

MALIN CLO: Moody's Rates EUR18.75-Mln Class E Notes at (P)Ba3
MDS BATHROOMS: Joint Liquidators Take Over Operations
MEGA BRANDS: S&P Places BB- Ratings on CreditWatch Negative
MERLIN PACKAGING: Taps Deloitte & Touche as Administrators
ORRELL-TURNER INTERIORS: Joint Liquidators Take Over Operations

PERCY PRIOR: Appoints Robert Day as Liquidator
PLASWOOD PRODUCTS: Taps Nigel Millar to Liquidate Assets
PROFESSIONAL FINANCIAL: Claims Filing Period Ends May 11
RAINBOW BRIDGE: Taps Robert Day to Liquidate Assets
RED MORTGAGE: Hires Liquidators from The P&A Partnership

REFCO INC: Marc Kirschner Discharges Duties as RCM Trustee
REFCO INC: Plan Administrators Object to Grant Thornton's Claims
REMEDY 4 MEN: Appoints Liquidators from BRI Business Recovery
RESLOC UK: Fitch Rates GBP2.1-Million Class F1b Notes at B
ROBSEAL ROOFING: Hires Liquidator from Bridgers

ROCKET PYROTECHNICS: Hires Liquidators from Berg Kaprow Lewis
SEVERN LTD: Claims Filing Period Ends May 15
UNIQUE IMAGE: Brings In Liquidators from PKF UK
WHITE STRIPE: Names Anthony David Kent Liquidator
WILKRO LTD: Names Liquidator to Wind Up Business

* Grant Thornton Scotland Names John Montague as Director
* Dundas & Wilson Promotes Six Senior Associates to Partners

                            *********


=============
A U S T R I A
=============


AUTOMONDIAL KFZ: Claims Registration Period Ends May 15
-------------------------------------------------------
Creditors owed money by LLC Automondial Kfz (FN 276421b) have
until May 15 to file written proofs of claim to court-appointed
estate administrator Matthias Schmidt at:

         Dr. Matthias Schmidt
         Dr. Karl Lueger-Ring 12
         1010 Vienna
         Austria
         Tel: 533 16 95
         Fax: 535 56 86
         E-mail: schmidt@preslmayr.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:15 a.m. on May 29 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1607
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on March 30 (Bankr. Case No. 28 S 38/07b).


BRAINSTUDIO LLC: Claims Registration Period Ends May 16
-------------------------------------------------------
Creditors owed money by LLC Brainstudio (FN 200716x) have until
May 16 to file written proofs of claim to court-appointed estate
administrator Georg Freimueller at:

         Dr. Georg Freimueller
         Alser Strasse 21
         1080 Vienna
         Austria
         Tel: 406 05 51
         Fax: 406 96 01
         E-mail: kanzlei@jus.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:50 a.m. on May 30 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1707
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on March 28 (Bankr. Case No. 2 S 45/07s).


FINNOVA HAUS: Estate Administrator Declares Insufficient Assets
---------------------------------------------------------------
Dr. Hans-Joerg Haftner, the court-appointed estate administrator
for LLC Finnova Haus (FN 260913x), declared April 5 that the
Debtor's property is insufficient to cover creditors' claim.

The Land Court of St. Poelten is yet to rule on the estate
administrator's claim.

Headquartered in St. Poelten, Austria, the Debtor declared
bankruptcy on March 26 (Bankr. Case No. 14 S 56/07m).

The estate administrator can be reached at:

         Dr. Hans-Joerg Haftner
         Wiener Strasse 12
         3100 St. Poelten
         Austria
         Tel: 02742/35 42 34
         Fax: 02742/35 14 48
         E-mail: office@plusjus.at


FISCHER KEG: Claims Registration Period Ends May 10
---------------------------------------------------
Creditors owed money by KEG Fischer (FN 233969y) have until
May 10 to file written proofs of claim to court-appointed estate
administrator Rainer Ebert at:

         Mag. Rainer Ebert
         Hauptplatz 16
         2020 Hollabrunn
         Austria
         Tel: 02952/25 26
         Fax: 02952/25 26 18
         E-mail: rainer.ebert@gmx.net

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 a.m. on May 24 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Korneuburg
         Hall 2
         First Floor
         Korneuburg
         Austria


Headquartered in Laa an der Thaya, Austria, the Debtor declared
bankruptcy on March 29 (Bankr. Case No. 32 S 4/07m).


GUERER LLC: Claims Registration Period Ends May 15
--------------------------------------------------
Creditors owed money by LLC Guerer (FN 263199h) have until
May 15 to file written proofs of claim to court-appointed estate
administrator Andrea Prochaska at:

         Mag. Andrea Prochaska
         c/o Mag. Christoff Beck
         Wassergasse 33/12
         1030 Vienna
         Austria
         Tel: 718 77 50
         Fax: 718 77 50 15
         E-mail: anwalt@andrea-prochaska.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:00 a.m. on May 29 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1606
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on March 28 (Bankr. Case No. 4 S 38/07a).  Christoff Beck
represents Mag. Proschaska in the bankruptcy proceedings.


HAUS INFO: Linz Court Orders Business Shutdown
----------------------------------------------
The Land Court of Linz entered April 2 an order shutting down
the business of LLC Haus Info (FN 82727h).

Court-appointed estate administrator Bernhard Huber recommended
the business shutdown after determining that the continuing
operations would reduce the value of the estate.

The estate administrator can be reached at:

         Dr. Bernhard Huber
         Schillerstrasse 12
         4020 Linz
         Austria
         Tel: 0732/656969
         Fax: 0732/65696960
         E-mail: b.huber@hep.co.at

Headquartered in Haid bei Ansfelden, Austria, the Debtor
declared bankruptcy on March 22 (Bankr. Case No 38 S 20/07f).


KALTEIS MOEBEL: Claims Registration Period Ends May 9
-----------------------------------------------------
Creditors owed money by LLC Kalteis Moebel - Geschenke (FN
78611f) have until May 9 to file written proofs of claim to
court-appointed estate administrator Reinhard Teubl at:

         Dr. Reinhard Teubl
         Mittergasse 28
         8600 Bruck an der Mur
         Austria
         Tel: 03862-51462
         Fax: 03862-51462-10
         E-mail: rechtsanwaelte@bzt.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:30 a.m. on May 16 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Leoben
         Hall IV
         First Floor
         Leoben
         Austria

Headquartered in Gusswerk, Austria, the Debtor declared
bankruptcy on March 29 (Bankr. Case No. 17 S 23/07m).


PRAXMARER HOLDING: Claims Registration Period Ends May 11
---------------------------------------------------------
Creditors owed money by LLC Praxmarer Holding (FN 49449w) have
until May 11 to file written proofs of claim to court-appointed
estate administrator Stefan Geiler at:

         Dr. Stefan Geiler
         Maria-Theresien-Strasse 17-19
         6020 Innsbruck
         Austria
         Tel: 0512/58 27 60
         Fax: 0512/58 27 60 6
         E-mail: office@ullmann-geiler.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:00 a.m. on May 25 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Innsbruck
         Conference Hall 214
         Second Floor
         New Building
         Maximilianstrasse 4
         6020 Innsbruck
         Austria

Headquartered in Voels, Austria, the Debtor declared bankruptcy
on March 30 (Bankr. Case No. 9 S 7/07i).


SOMMER - SPIEGL: Claims Registration Period Ends May 15
-------------------------------------------------------
Creditors owed money by LLC Sommer - Spiegl (FN 178754z) have
until May 15 to file written proofs of claim to court-appointed
estate administrator Walter Anzboeck at:

         Dr. Walter Anzboeck
         Stiegengasse 8
         3430 Tulln
         Tel: 02272/61 600
         Fax: 02272/61 600-20
         E-mail: anwalt@anzboeck.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:00 a.m. on June 5 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of St. Poelten
         Room 216
         Second Floor
         Old Building
         St. Poelten
         Austria

Headquartered in Staasdorf, Austria, the Debtor declared
bankruptcy on March 30 (Bankr. Case No. 14 S 60/07z).


VIKTORIA LLC: Vienna Court Orders Business Shutdown
---------------------------------------------------
The Trade Court of Vienna entered March 27 an order shutting
down the business of LLC Viktoria (FN 255896v).

Court-appointed estate administrator Wolfgang Winkler
recommended the business shutdown after determining that the
continuing operations would reduce the value of the estate.

The estate administrator can be reached at:

         Mag. Wolfgang Winkler
         Reisnerstrasse 32/12
         1030 Vienna
         Austria
         Tel: 715 50 45
         Fax: 715 50 474
         E-mail: office@anwalt-vienna.at

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on March 22 (Bankr. Case No 28 S 34/07i).


=============
B E L G I U M
=============


ADVANCED MICRO: Posts US$611-Million Net Loss for Q1 2007
---------------------------------------------------------
Advanced Micro Devices Inc. posted a net loss of US$611 million
on net revenue of US$1.2 billion for the first quarter ended
March 31, 2007, compared with net income of US$185 million on
net revenue of US$1.3 billion for the same period ended
March 26, 2006.

The results for the first quarter of 2007 include ATI
acquisition-related and integration charges of US$113 million
and employee stock-based compensation expense of US$28 million.

The decline in revenue was primarily due to a US$568 million
decline in net revenue from the Computing Solutions segment,
which includes what the company previously called the
Computation Products and Embedded Products segments as well as
the chipset business acquired with ATI.  Year-over-year server
and desktop processor unit shipments and revenues declined
significantly, while mobile processor unit shipments and revenue
increased significantly.

First quarter Graphics segment revenue of US$197 million
increased 19 percent from the fourth quarter of 2006, primarily
due to a full quarter of operations.  Graphics segment had no
revenues for the first quarter of 2006.

Consumer Electronics segment revenue, including a full quarter
of operations, was down sequentially to US$118 million, from
US$120 million in the fourth quarter of 2006.  On a full quarter
comparative basis, video processor unit shipments into the
digital TV market increased in the seasonally down quarter while
handheld processor unit shipments and game console revenue
decreased.

First quarter 2007 gross margin was 31 percent, excluding stock-
based compensation expense and acquisition-related charges,
compared to 59 percent in the first quarter of 2006.  The
decrease from the prior quarter was largely due to significantly
lower microprocessor unit shipments, lower microprocessor
average selling prices, and the inclusion of the former ATI
operations, which generally have lower-margin products, for the
entire quarter.

AMD reported an operating loss of US$504 million for the first
quarter ended March 31, 2007, compared with operating income of
US$259 million for the same period ended March 26, 2006,
primarily due to a decrease in gross margin, and an increase in
research and development expenses, marketing, general and
administrative expenses, and amortization of acquired intangible
assets and integration charges.

"After more than three years of successfully executing our
customer expansion strategy and significantly growing our unit
and revenue base, our first quarter performance is disappointing
and unacceptable," said Robert J. Rivet, AMD's chief financial
officer.  "We are aggressively addressing the issues that led to
our significant revenue decline.  We are aligning our business
model, capital expenditures and cost structure with the goal of
accelerating our return to profitability.  Lastly, our customer
relationships remain solid, reflecting their confidence in our
strategic direction, current and new products, and technology
roadmaps."

At March 31, 2007, the company's balance sheet showed
US$12.7 billion in total assets, US$7.2 billion in total
liabilities, US$303 million in minority interest in consolidated
subsidiaries, and US$5.2 billion in total stockholders' equity.

                       About Advanced Micro

Advanced Micro Devices Inc. (NYSE: AMD) -- http://www.amd.com/-
- provides innovative processing solutions in the computing,
graphics and consumer electronics markets.  AMD is dedicated to
driving open innovation, choice and industry growth by
delivering superior customer-centric solutions that empower
consumers and businesses worldwide to differ materially from
current expectations.  The company has corporate locations in
Sunnyvale, California, Austin, Texas, and Markham, Ontario, and
global operations and manufacturing facilities in the United
States, Europe, Japan, and Asia.  It maintains operations in
Belgium, France, Germany, the United Kingdom, Mexico and Brazil.

                          *     *     *

As reported in the Troubled Company Reporter on Mar. 14, 2007,
Moody's Investors Service lowered AMD's corporate family rating
to B1 from Ba3.  The outlook is stable.


GOODYEAR TIRE: Amends US$2.7-Bln & EUR505-Mln Credit Facilities
---------------------------------------------------------------
The Goodyear Tire & Rubber Company has closed on an amendment
and restatement of three of its credit facilities.  Significant
changes to the amended and restated agreements include:

   * with respect to the company's US$1.5-billion asset-based
     revolving credit facility, an extension of its maturity
     until 2013, a reduction of the applicable interest rate by
     between 50 and 75 basis points (depending on availability
     of undrawn amounts) and a more flexible covenant package.

   * with respect to the company's US$1.2-billion second lien
     term loan, an extension of its maturity until 2014, a
     reduction of the applicable interest rate by 100 basis
     points (to be further reduced by 25 basis points if
     Goodyear's credit ratings are BB- and Ba3 or higher) and a
     more flexible covenant package.

   * with respect to the company's EUR505-million European
     credit facility, the conversion of the EUR155-million term
     loan portion of the existing facility to a revolving
     facility, an extension of its maturity until 2012, a
     reduction of the applicable interest rate by 75 basis
     points (as compared to the existing European revolving
     facility) and 37.5 basis points (as compared to the
     existing European term loan) and a more flexible covenant
     package.

"This refinancing action reduces our interest expense, creates
additional operational flexibility, extends maturities and helps
address our efforts to improve Goodyear's balance sheet,"
Richard J. Kramer, president, North American Tire and chief
financial officer, said.  "We anticipate annualized interest
expense savings of US$15 million to US$20 million."

Headquartered in Akron, Ohio, Goodyear Tire and Rubber Company
(NYSE:GT) -- http://www.goodyear.com/-- manufactures tires,
engineered rubber products and chemicals in more than 90
facilities in 28 countries around the world.  Goodyear employs
more than 75,000 people worldwide.  The company's European
operation is headquartered in Belgium.

                          *     *     *

As reported in the Troubled Company Reporter on April 10, 2007,
Fitch Ratings has affirmed ratings for The Goodyear Tire &
Rubber Company, including 'B' Issuer Default Rating; 'BB/RR1'
rating of its US$1.5 billion first-lien credit facility;
'BB/RR1' rating of its US$1.2 billion second-lien term loan;
'B/RR4' rating of its US$300 million third-lien term loan;
'B/RR4' rating of its US$650 million third-lien senior secured
notes; and 'CCC+/RR6' Senior unsecured debt rating.


GOODYEAR TIRE: Bondholders Have Until June 29 to Convert Notes
--------------------------------------------------------------
The Goodyear Tire & Rubber Company said that its 4% Convertible
Senior Notes due June 15, 2034, are now convertible at the
option of the holders and will remain convertible through
June 29, 2007, the last business day of the current fiscal
quarter.

The notes became convertible because the last reported sale
price of the company's common stock for at least 20 trading days
during the 30 consecutive trading-day period ending on
April 17 (the 11th trading day of the current fiscal
quarter) was greater than 120% of the conversion price in
effect on such day.  The notes have been convertible in previous
fiscal quarters.

The company will deliver shares of its common stock or pay cash
upon conversion of any notes surrendered prior to June 29.  If
shares are delivered, cash will be paid in lieu of fractional
shares only.  Issued in June 2004, the notes are currently
convertible at a rate of 83.0703 shares of common stock per
US$1,000 principal amount of notes, which is equal to a
conversion price of US$12.04 per share.

There is around US$350 million in aggregate principal amount of
notes outstanding.

If all outstanding notes are surrendered for conversion, the
aggregate number of shares of common stock issued would be
around 29 million.  The notes could be convertible after June 30
if the sale price condition described above is met in any future
fiscal quarter or if any of the other conditions to conversion
set forth in the indenture governing the notes are met.

Headquartered in Akron, Ohio, Goodyear Tire and Rubber Company
(NYSE:GT) -- http://www.goodyear.com/-- manufactures tires,
engineered rubber products and chemicals in more than 90
facilities in 28 countries around the world.  Goodyear employs
more than 75,000 people worldwide.  The company's European
operationis headquartered in Belgium.

                          *     *     *

As reported in the Troubled Company Reporter on April 10, 2007,
Fitch Ratings has affirmed ratings for The Goodyear Tire &
Rubber Company, including 'B' Issuer Default Rating; 'BB/RR1'
rating of its US$1.5 billion first-lien credit facility;
'BB/RR1' rating of its US$1.2 billion second-lien term loan;
'B/RR4' rating of its US$300 million third-lien term loan;
'B/RR4' rating of its US$650 million third-lien senior secured
notes; and 'CCC+/RR6' Senior unsecured debt rating.


===========
C Y P R U S
===========


BANK OF CYPRUS: Trades 328,963 New Shares in Cyprus & Greece
------------------------------------------------------------
Bank of Cyprus Public Co. Ltd. will introduce for trading
328,963 new ordinary shares on the Cyprus Stock Exchange and the
Athens Exchange on April 25, resulting from the recent increase
in share capital by CYP164,481.50.

The new shares were the result of the 328,963 share options
exercise conducted on March 31, by 495 beneficiaries at the
exercise price of CYP3.26 per new share.

After the increase, the Bank's share capital amounts to
CYP277,084,055 divided into 544,168,110 ordinary shares, of a
nominal value of CYP0.50 each.

The listing of the new shares was approved by the Boards of
Directors of the Cyprus Stock Exchange and the Athens Exchange
at their meetings on April 19.

As of April 25, the opening price of the Bank's shares on the
Athens Exchange will be adjusted according to the Regulation of
the Athens Exchange.  As of the same date, the new shares will
be credited in the Dematerialised Securities System (DSS)
accounts of the beneficiaries who have elected to have their
shares registered on the DSS.

                      About Bank of Cyprus

Headquartered in Nicosia, Cyprus, Bank of Cyprus (fka Bank of
Cyprus Ltd., (the Bank)) -- http://www.bankofcyprus.com/--
offers a wide range of financial products and services, which
include banking services in Cyprus, Greece, United Kingdom,
Australia and Channel Islands, finance, leasing, factoring,
brokerage, fund management, general and life insurance services
in Cyprus and Greece, and investment banking services in Cyprus.

                          *     *     *

As reported in the TCR-Europe on Nov. 10, 2006, Moody's
Investors Service changed to positive from stable the outlooks
for the Baa1 foreign currency long-term deposit rating and D+
financial strength rating assigned to Bank of Cyprus Public
Company Ltd.  Also changed to positive from stable, are the
outlooks for BOC's Baa1 foreign currency senior debt and Baa2
foreign currency subordinated debt ratings.  At the same time,
Moody's affirmed the Prime-2 for both foreign currency short-
term deposits and for commercial paper.


===========
F R A N C E
===========


ALCATEL-LUCENT: Posts EUR260-Million Operating Loss for Q1 2007
---------------------------------------------------------------
Alcatel-Lucent posted EUR260 million in adjusted operating loss
on EUR3.9 billion in net revenues for the first quarter of 2007.

The company attributed the operating loss to lower revenues, mix
effect as well as investments in WCDMA and in the converged core
portfolio.

"It has been four months since we completed the merger, and we
are making good progress in terms of our integration.  The
technology choices have been finalized and the combined
company's portfolio communicated to our customers," Patricia
Russo, CEO of Alcatel-Lucent said.  "Concerning our cost saving
plans, the net headcount reductions, before recently announced
managed services contract wins, are around 1,900 during the
quarter, 15% of the three-year target of 12,500.  Associated
cost savings will be incorporated in our operating results going
forward."

"We will comment on our outlook for 2007 when we announce
earnings with more detail on May 11," Ms. Russo added.

The quarterly earnings press and analyst conference call will
take place at 1:00 p.m. CET on May 11.

                       About Alcatel-Lucent

Headquartered in Paris, France, Alcatel-Lucent
-- http://www.alcatel-lucent.com/-- provides solutions that
enable service providers, enterprises and governments worldwide
to deliver voice, data and video communication services to end
users.

Alcatel-Lucent maintains operations in 130 countries, including,
Austria, Germany, Hungary, Italy, Netherlands, Ireland, Canada,
United States, Costa Rica, Dominican Republic, El Salvador,
Guatemala, Peru, Venezuela, Australia, Brunei and Cambodia.

On Nov. 30, 2006, Alcatel and Lucent Technologies Inc. completed
their merger transaction, and began operations as a
communication solutions provider under the name Alcatel-Lucent
on Dec. 1, 2006.

                          *     *     *

In a TCR-Europe report on April 13, Fitch Ratings affirmed
Alcatel-Lucent's ratings at Issuer Default 'BB' with a Stable
Outlook, senior unsecured 'BB' and Short-term 'F2' and
simultaneously withdrawn them.

As of Feb. 7, 2007, Moody's Investor Services puts a Ba2 rating
on Alcatel's Corporate Family and Senior Debt rating.  Lucent
carries Moody's B1 Senior Debt rating and B2 Subordinated debt &
trust preferred rating.

Alcatel-Lucent's Long-Term Corporate Credit rating and Senior
Unsecured Debt carry Standard & Poor's Ratings Services' BB
rating.  Its Short-Term Corporate Credit rating stands at B.


RHODIA SA: Increases Size of Offering to EUR595 Million
-------------------------------------------------------
Rhodia S.A. disclosed the full exercise of the over-allotment
(greenshoe) option by the global coordinators, joint lead
managers and joint bookrunners, increasing the size of the
offering to EUR595.1 million, corresponding to 12,372,661 bonds.

This follows the successful placement of its bonds convertible
and/or exchangeable for new and/or existing shares, which was 15
times oversubscribed.

The Global Coordinators, Joint Lead Managers and Joint
Bookrunners informed Rhodia that they did not carry out
stabilization operation.

Settlement-delivery of the bonds is scheduled to take place on
April 27, 2007.

The bond offering is managed by CALYON, Credit Suisse and
Societe Generale Corporate & Investment Banking, Global
Coordinators, Joint Lead Managers and Joint Bookrunners and by
BNP Paribas and HSBC Bank Plc. as Co-Lead Managers.

                         About Rhodia

Headquartered in Paris, France, Rhodia SA (NYSE: RHA) --
http://www.rhodia.com/-- is a global specialty chemicals
company partnering with major players in the automotive,
electronics, pharmaceuticals, agrochemicals, consumer care,
tires, and paints and coatings markets.  Rhodia offers tailor-
made solutions combining original molecules and technologies to
respond to customers' needs.  Rhodia employs around 19,500
people worldwide.   Rhodia is listed on Euronext Paris and the
New York Stock Exchange.

                        *     *     *

As reported in the TCR-Europe on April 23, Moody's Investors
Service upgraded Rhodia S.A. corporate family rating to Ba3 and
assigned Probability of Default rating for the group at Ba3;
Moody's also upgraded senior secured notes at Rhodia S.A. to B1
and assigned LGD assessment at LGD4 (69%).  The proposed
convertible notes are rated (P)B1, LGD4 (69%).

The following ratings of Rhodia S.A. are affected:

   -- Corporate Family Ratings upgraded to Ba3;

   -- Probability of Default assigned at Ba3;

   -- Rhodia S.A. Senior Unsecured ratings upgraded to B1, LGD4
      (69%); and

   -- Rhodia S.A. Senior convertible notes rated (P)B1, LGD4
      (69%).

Standard & Poor's Ratings Services raised its long-term
corporate credit rating on Rhodia to BB- from B+, and its long-
term debt rating on the group to B from B-.

At the same time, Standard & Poor's assigned its B senior
unsecured debt rating to Rhodia's proposed new bond, which will
be used for refinancing purposes.


XEROX CORP: Earns US$233 Million in First Quarter 2007
------------------------------------------------------
Xerox Corporation earned US$233 million of net income on
US$3.8 billion of total revenues for the three months ended
March 31, 2007, compared with a US$200 million net income on
US$3.7 billion in total revenues for the same quarter of 2006.

The company's earnings include a US$23 million charge to reflect
its share of a restructuring charge recorded by Fuji Xerox Co.
Ltd.

Total revenue of US$3.8 billion grew 4 percent in the first
quarter.  Post-sale and financing revenue -- Xerox's annuity
streams that represent more than 70 percent of total revenue --
increased six percent.  The growth was largely driven by a
seven-percent increase in post-sale revenue from digital
systems.  Both total revenue and post-sale revenue included a
currency benefit of three percentage points.

At March 31, 2007, the company's balance sheet showed total
assets of US$21.4 billion, total liabilities of US$14.3 billion,
and a stockholders' equity of US$7.1 billion.  This is compared
with the company's Dec. 31, 2006 balance sheet, which showed
total assets of US$21.7 billion, total liabilities of US$14.6
billion, and a US$7 billion stockholders' equity.

                    New Products Boost Sales

"Xerox's growth strategy focuses on increasing our install base
of digital technology through new products and broader
distribution, strengthening our leadership in color, and
expanding our services business.  Success in these areas builds
a healthy annuity stream that serves our company well for the
long term," said Anne M. Mulcahy, Xerox chairman and chief
executive officer.  "Our results in the first quarter show that
the strategy is working.  We delivered solid activity gains,
grew color revenue, and signed big deals for Xerox's document
management services -- all of which contribute to steady annuity
growth."

"Along with progress on the top line, excellent operational
performance and improved margins led to a 17 percent increase in
net income and earnings that exceeded our expectations," added
Mulcahy.

A fundamental measure of Xerox's business is increasing the
number of Xerox systems installed in customers' workplaces.
This installation activity generates sales of supplies and
services that are expected to drive gains in post-sale revenue.
As Xerox accelerated activity in key markets during the first
quarter, the continued impact of pricing declines put pressure
on equipment sales, which were down 2% including a two-point
benefit from currency.

Since the beginning of the year, Xerox has introduced 19 new
products, half of which are color products, surpassing the 14
total product launches in 2006.  The company plans to more than
double its number of product launches this year.  More than two-
thirds of Xerox's equipment sales come from products launched in
the past two years.

Xerox is growing color revenue through the industry's broadest
portfolio of color presses, printers and multifunction devices,
and new marketing campaigns that promote quality and
affordability.  Revenue from color grew 17 percent in the first
quarter and now represents 37 percent of Xerox's total revenue,
up 4 points from the first quarter of 2006.  Xerox color presses
produce the highest volume of pages in the industry and last
year more than 30 billion color pages were printed on Xerox
technology. In the first quarter, color pages contributed to a
21 percent increase in post-sale revenue from color.

Xerox services help businesses simplify work processes, manage
office technology and in-house print shops, digitize paper
files, create digital archives and much more.  Through
multiyear, multimillion-dollar contracts, the company's document
management services generated nearly US$800 million in annuity
revenue in the first quarter, a 10 percent increase in post-sale
revenue from services.

Xerox's production business provides commercial printers and
document-intensive industries with high-speed digital printing
and services that enable on-demand, personalized printing.
Total production revenue increased five percent in the first
quarter including a 4-point currency benefit.  Installs of
production black-and-white systems declined seven percent with
growth in light production and continuous feed only partially
offsetting declines in higher-end production printing.
Production color installs grew four percent reflecting strong
activity for the Xerox iGen3(R) Digital Production Press and
continued demand for the DocuColor(R) 5000.

Xerox's office business provides document technology and
services for businesses of any size.  Total office revenue was
up 2 percent in the first quarter including a two-point currency
benefit.  Installs of office black-and-white systems were down
five percent due to activity declines for desktop devices, which
were only partially offset by 11 percent growth in the company's
mid-range line of multifunction devices.  Strong demand for
Xerox's color WorkCentre(R) families led to a 71 percent
increase in install activity for color multifunction systems.

In addition to new product and service offerings, Xerox is
making aggressive moves to expand its presence in the fast
growing small and mid-size business market.  Earlier this month,
Xerox agreed to acquire Global Imaging Systems for US$1.5
billion, which, upon closing, will give Xerox access to about
200,000 new customers and increase its U.S. distribution to SMB
customers by more than 50 percent.  Expected to close in mid-
May, the acquisition of Global Imaging builds on Xerox's
announcement in February to increase its investments in sales
channels by providing more offerings to value-added resellers
and independent agents.

"We're playing offense in the marketplace and we're playing to
win," said Mulcahy.

                         About Xerox Corp.

Based in Stamford, Connecticut, Xerox Corporation (NYSE: XRX) --
http://www.xerox.com/-- develops, manufactures and markets
document processing systems and related supplies and provides
consulting and outsourcing document management services.  The
company maintains operations in France, Japan, Italy, Nicaragua,
among others.

                          *     *     *

As reported in the Troubled Company Reporter on Jan. 31, 2007,
Standard & Poor's Ratings Services revised its rating outlook on
Stamford, Connecticut-based Xerox Corp. to positive from stable.
Ratings on the company, including the 'BB+' long-term and 'B-1'
short-term corporate credit ratings, were affirmed.

As reported in the Troubled Company Reporter on Apr. 4, 2007,
Xerox and Global Imaging Systems Inc. entered into a definitive
agreement for Xerox to acquire Global Imaging for US$29 per
share in cash.  The total purchase price is expected to be about
US$1.5 billion.

The move prompted Standard & Poor's Ratings Services to place
its ratings on Xerox Corp., including the 'BB+' corporate credit
rating, on CreditWatch with positive implications.

According to S&P credit analyst Molly Toll Reed, the CreditWatch
placement reflects S&P's expectation that Xerox has the ability
to fund the acquisition with a combination of existing cash and
short-term debt, with negligible impact on Xerox's financial
profile by the end of fiscal 2007.

Following completion of the acquisition, which is expected to
occur in the second quarter of fiscal 2007, the corporate credit
rating would be raised to 'BBB-' with a stable outlook, the
rating agency said.


=============
G E R M A N Y
=============


A.H. BROSE: Claims Registration Period Ends May 15
--------------------------------------------------
Creditors of A.H. Brose Transport- und Baustoffhandels GmbH have
until May 15 to register their claims with court-appointed
insolvency manager Georg Bernsau.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on June 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Karlsruhe
         Hall IV
         First Floor
         Schlossplatz 23
         76131 Karlsruhe
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Dr. Georg Bernsau
         Beethovenstr. 5
         76133 Karlsruhe
         Germany
         Tel: (0721) 98 56 750

The District Court of Karlsruhe opened bankruptcy proceedings
against A.H. Brose Transport- und Baustoffhandels GmbH on
April 12.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be contacted at:

         A.H. Brose Transport- und Baustoffhandels GmbH
         Rhode-Island-Allee 100
         76149 Karlsruhe
         Germany


AUTO- PLETZER: Claims Registration Period Ends June 4
-----------------------------------------------------
Creditors of Auto- Pletzer GmbH have until June 4 to register
their claims with court-appointed insolvency manager
Frank Imberger.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on July 5, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Bochum
         Hall A29
         Ground Floor
         Main Building
         Viktoriastrasse 14
         44787 Bochum
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Frank Imberger
         Huestrasse 34
         44787 Bochum
         Germany

The District Court of Bochum opened bankruptcy proceedings
against Auto- Pletzer GmbH on April 10.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be contacted at:

         Auto- Pletzer GmbH
         Becke 3
         45527 Hattingen
         Germany

         Attn: Hans-Joachim Boesner, Manager
         Magdalenenstr. 1
         44803 Bochum
         Germany


AUTOHAUS - EGGER: Claims Registration Period Ends May 31
--------------------------------------------------------
Creditors of Autohaus - Egger GmbH have until May 31 to register
their claims with court-appointed insolvency manager
Karl-Heinrich Lorenz.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on July 5, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Ludwigshafen am Rhein
         Meeting Hall 13
         Wittelsbachstr. 10
         67061 Ludwigshafen am Rhein
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Ludwigshafen am Rhein opened bankruptcy
proceedings against Autohaus - Egger GmbHon March 30.
Consequently, all pending proceedings against the company have
been automatically stayed.

The insolvency manager can be reached at:

         Karl-Heinrich Lorenz
         Theodor-Heuss-Anlage 12
         68165 Mannheim
         Germany

The Debtor can be reached at:

         Autohaus - Egger GmbH
         Attn: Andreas Egger, Manager
         Bruchwiesenstrasse 7
         67059 Ludwigshafen
         Germany


AUTOHAUS BOESNER: Claims Registration Period Ends May 18
--------------------------------------------------------
Creditors of Autohaus Boesner GmbH have until May 18 to register
their claims with court-appointed insolvency manager
Frank Imberger.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on June 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Bochum
         Hall A29
         Ground Floor
         Main Building
         Viktoriastrasse 14
         44787 Bochum
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Bochum opened bankruptcy proceedings
against Autohaus Boesner GmbH on March 30.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The insolvency manager can be reached at:

         Frank Imberger
         Huestrasse 34
         44787 Bochum
         Germany

The Debtor can be reached at:

         Autohaus Boesner GmbH
         Herner Str. 221 - 223
         44809 Bochum
         Germany

         Attn: Hans-Joachim Boesner, Manager
         Magdalenenstr. 1
         44803 Bochum
         Germany


AUTOHAUS KOCH: Claims Registration Period Ends May 2
----------------------------------------------------
Creditors of Autohaus Koch GmbH & Co. KG have until May 2 to
register their claims with court-appointed insolvency manager
Dr. Alexander Hoepfner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on June 16, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Darmstadt
         Hall 4.308
         Fourth Floor
         Building D
         Mathildenplatz 15
         64283 Darmstadt
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Darmstadt opened bankruptcy proceedings
against Autohaus Koch GmbH & Co. KG on April 1.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The insolvency manager can be reached at:

         Dr. Alexander Hoepfner
         Darmstaedter Str. 43
         64646 Heppenheim
         Germany
         Tel: 06252-6739988
         Fax: 06252-6739989

The Debtor can be reached at:

         Autohaus Koch GmbH & Co. KG
         Berliner Ring 149
         64625 Bensheim
         Germany

         Attn: Autohaus Koch Verwaltungs GmbH
         Darmstaedter Strasse 2
         64319 Pfungstadt
         Germany


BERFRA BUCHDIENST: Creditors' Meeting Slated for May 15
-------------------------------------------------------
The court-appointed insolvency manager for BerFra Buchdienst
GmbH + Co. KG, Petra Hilgers, will present her first report on
the Company's insolvency proceedings at a creditors' meeting at
9:45 a.m. on May 15.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Charlottenburg
         Second Stock Hall 218
         Amtsgerichtsplatz 1
         14057 Berlin
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 9:15 a.m. on Sept. 11, at the same venue.

Creditors have until July 10 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Dr. Petra Hilgers
         Goethestr. 85
         10623 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against BerFra Buchdienst GmbH + Co. KG on April 11.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         BerFra Buchdienst GmbH + Co. KG
         Jagerstrasse 70
         10117 Berlin
         Germany


BEROLINA MARKETING: Claims Registration Period Ends May 24
----------------------------------------------------------
Creditors of Berolina Marketing & Event GmbH have until May 24
to register their claims with court-appointed insolvency manager
Joerg Nerlich.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on June 14, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Duesseldorf
         Meeting Hall A 341
         Third Floor
         Muehlenstrasse 34
         40213 Duesseldorf
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Dr. Joerg Nerlich
         Louise-Dumont-Str. 25
         40211 Duesseldorf
         Germany

The District Court of Duesseldorf opened bankruptcy proceedings
against Berolina Marketing & Event GmbH on April 13.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         Berolina Marketing & Event GmbH
         Berliner Allee 46
         40212 Duesseldorf
         Germany

         Attn: Markus Kurz, Manager
         Schillerstr. 2
         40237 Duesseldorf
         Germany


CABLE ONE: Claims Registration Period Ends May 31
-------------------------------------------------
Creditors of Cable One GmbH have until May 31 to register their
claims with court-appointed insolvency manager Andreas
Sontopski.

Creditors and other interested parties are encouraged to attend
the meeting at 8:45 a.m. on June 27, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court Muenster
         Meeting Hall 101 B
         First Floor
         Gerichtsstr. 2-6
         48149 Muenster
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Andreas Sontopski
         Gnoiener Platz 1
         48493 Wettringen
         Germany
         Tel: 02557/9384-0
         Fax: +492557938450

The District Court of Muenster opened bankruptcy proceedings
against Cable One GmbH on April 12.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be contacted at:

         Cable One GmbH
         Attn: Alexandra Pliet, Manager
         Ginsterweg 4
         48496 Hopsten
         Germany


CLS EXPRESS: Claims Registration Period Ends June 28
----------------------------------------------------
Creditors of CLS Express Logistics Muenchen GmbH have until
June 28 to register their claims with court-appointed insolvency
manager Rolf G. Pohlmann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on July 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Munich
         Meeting Hall 102
         Infanteriestr. 5
         80097 Munich
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Rolf G. Pohlmann
         Richard-Strauss-Str. 69
         81677 Munich
         Germany
         Tel: (089)548033-0
         Fax: (089)548033-111

The District Court of Munich opened bankruptcy proceedings
against CLS Express Logistics Muenchen GmbH on April 11.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be contacted at:

         CLS Express Logistics Muenchen GmbH
         Attn: Marcus Kahlki, Manager
         Johann-Kotschwara-Str. 6
         85716 Unterschleissheim
         Germany


CUCINE INTERIOR: Creditors' Meeting Slated for May 22
-----------------------------------------------------
The court-appointed insolvency manager for Cucine Interior
Engineering GmbH, Juergen Spliedt, will present his first report
on the Company's insolvency proceedings at a creditors' meeting
at 10:55 a.m. on May 22.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Charlottenburg
         Second Stock Hall 218
         Amtsgerichtsplatz 1
         14057 Berlin
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 10:30 a.m. on Sept. 4, at the same venue.

Creditors have until July 3 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Dr. Juergen Spliedt
         Uhlandstr. 165/166
         10719 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against Cucine Interior Engineering GmbH on April 5.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Cucine Interior Engineering GmbH
         Stolbergstr. 4
         12103 Berlin
         Germany


DAIMLERCHRYSLER AG: Unions Remain Opposed to Chrysler Sale
----------------------------------------------------------
Representatives from the United Auto Workers, the Canadian Auto
Workers and IG Metall unions reiterated their opposition to
DaimlerChrysler AG's plan to sell Chrysler Group, especially if
private equity groups take over, Gina Chon reports for The Wall
Street Journal.

The union leaders said "it made absolute sense to hold on to
Chrysler" in the wake of a restructuring plan and new product
launches as they made their case during a meeting in Germany
with DaimlerChrysler Chief Executive Dieter Zetsche, the WSJ
states.

However, Ms. Chon notes that the labor representatives learned
nothing new about the looming sale as Dr. Zetsche repeated what
he has said publicly: The company is talking to potential
partners and all options were on the table.

The TCR-Europe reported on April 24 that UAW members, who have
proposed a 70% employee-stock-ownership plan for Chrysler, met
with representatives of billionaire investor Kirk Kerkorian's
Tracinda Corp., which has submitted a US$4.5 billion bid for the
U.S. unit.

The company is presently negotiating with all Chrysler bidders,
including Cerberus Capital Management LP; joint bidders
Blackstone Group and Centerbridge Capital Partners LP; and the
tandem of Magna International Inc. and Onex Corp., but has
ignored Tracinda Corp.

                      About DaimlerChrysler

Based in Stuttgart, Germany, DaimlerChrysler AG (NYSE:DCX) (FRA:
DCX) -- http://www.daimlerchrysler.com/-- develops,
manufactures, distributes, and sells various automotive
products, primarily passenger cars, light trucks, and commercial
vehicles worldwide.  It primarily operates in four segments:
Mercedes Car Group, Chrysler Group, Commercial Vehicles, and
Financial Services.

The company's worldwide operations are located in: Canada,
Mexico, United States, Argentina, Brazil, Venezuela, China,
India, Indonesia, Japan, Thailand, Vietnam, and Australia.

The Chrysler Group segment offers cars and minivans, pick-up
trucks, sport utility vehicles, and vans under the Chrysler,
Jeep, and Dodge brand names.  It also sells parts and
accessories under the MOPAR brand.

The Chrysler Group is facing a difficult market environment in
the United States with excess inventory, non-competitive legacy
costs for employees and retirees, continuing high fuel prices
and a stronger shift in demand toward smaller vehicles.  At the
same time, key competitors have further increased margin and
volume pressures -- particularly on light trucks -- by making
significant price concessions.  In addition, increased interest
rates caused higher sales & marketing expenses.

In order to improve the earnings situation of the Chrysler Group
as quickly and comprehensively, measures to increase sales and
cut costs in the short term are being examined at all stages of
the value chain, in addition to structural changes being
reviewed as well.


EIGENHEIMBAU GMBH: Claims Registration Period Ends May 11
---------------------------------------------------------
Creditors of Eigenheimbau GmbH & Co. KG have until May 11 to
register their claims with court-appointed insolvency manager
Heiko Rautmann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on June 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Magdeburg
         Justizzentrum Magdeburg
         Breiter Weg 203 - 206
         39104 Magdeburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be contacted at:

         Heiko Rautmann
         Editharing 31
         39108 Magdeburg
         Germany
         Tel: 0391/5066030
         Fax: 0391/5066033
         E-mail: Heiko.Rautmann@gmx.de

The District Court of Magdeburg opened bankruptcy proceedings
against Eigenheimbau GmbH & Co. KG on April 3.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be contacted at:

         Eigenheimbau GmbH & Co. KG
         Attn: Detlef Rapmund, Manager
         Stücken 9
         38820 Halberstadt
         Germany


ERDMANN DACHDECKER: Claims Registration Ends May 18
---------------------------------------------------
Creditors of Erdmann Dachdecker Gesellschaft mbH have until
May 18 to register their claims with court-appointed insolvency
manager Andreas Achterberg.

Creditors and other interested parties are encouraged to attend
the meeting at 9:50 a.m. on June 18, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Muehlhausen
         Hall 35
         Untermarkt 17
         Muehlhausen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Andreas Achterberg
         Kreuzgraben 1a
         99974 Muehlhausen
         Germany

The District Court of Muehlhausen opened bankruptcy proceedings
against Erdmann Dachdecker Gesellschaft mbH on April 5.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Erdmann Dachdecker Gesellschaft mbH
         GF Uwe Erdmann
         Dorfstrasse 21
         99991 Heroldishausen
         Germany


ESWO GMBH: Claims Registration Ends May 7
-----------------------------------------
Creditors of ESWO GmbH have until May 7 to register their claims
with court-appointed insolvency manager Hans-Wilhelm Bauer.

Creditors and other interested parties are encouraged to attend
the meeting at 9:40 a.m. on June 12, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Regensburg
         Room 105
         Augustenstr. 5
         Regensburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Hans-Wilhelm Bauer
         Emmeramsplatz 6
         93047 Regensburg
         Germany
         Tel: 0941/29680-46
         Fax: 0941/2968045

The District Court of Regensburg opened bankruptcy proceedings
against ESWO GmbH on April 12.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         ESWO GmbH
         Goerlitzer Str. 30
         93309 Kelheim
         Germany


F.I.S. Food: Claims Registration Ends May 25
--------------------------------------------
Creditors of F.I.S. Food Ingredients Service GmbH have until
May 25 to register their claims with court-appointed insolvency
manager Stephan Neubauer.

Creditors and other interested parties are encouraged to attend
the meeting at 12:45 p.m. on June 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Hamburg
         Hall B 405
         Fourth Floor Annex
         Civil Justice Bldg.
         Sievkingplatz 1
         20355 Hamburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Stephan Neubauer
         Spitalerstrasse 4
         20095 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against F.I.S. Food Ingredients Service GmbH on March 29.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         F.I.S. Food Ingredients Service GmbH
         Chilehaus A
         Fischertwiete 2
         20095 Hamburg
         Germany


HK DIENSTLEISTUNGEN: Claims Registration Ends May 21
----------------------------------------------------
Creditors of HK Dienstleistungen GmbH have until May 21 to
register their claims with court-appointed insolvency manager
Dr. Jan Markus Plathner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on June 20, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Darmstadt
         Hall 14
         First Floor
         Building D
         Mathildenplatz 15
         64283 Darmstadt
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Jan Markus Plathner
         Lyoner Strasse 14
         60528 Frankfurt
         Germany
         Tel: 069/962334-0
         Fax: 069/962334-22
         E-mail: m.plathner@brinkmann-partner.de

The District Court of Darmstadt opened bankruptcy proceedings
against HK Dienstleistungen GmbH on April 11.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         HK Dienstleistungen GmbH
         Westring 13
         64832 Babenhausen
         Germany


HOLZ & FORM: Claims Registration Ends May 30
--------------------------------------------
Creditors of Holz & Form Berse GmbH have until May 30 to
register their claims with court-appointed insolvency manager
Angela Gerigk.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on June 14, at which time the
insolvency manager will present her first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Essen
         Meeting Hall 186
         First Floor
         Zweigertstr. 52
         45130 Essen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Angela Gerigk
         Katharinenstr. 7
         46282 Dorsten
         Germany

The District Court of Essen opened bankruptcy proceedings
against Holz & Form Berse GmbH on April 13.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Holz & Form Berse GmbH
         Attn: Bernd Berse, Manager
         Annabergstr. 75
         45721 Haltern am See
         Germany


HVG ELECTRONIC: Claims Registration Ends May 31
-----------------------------------------------
Creditors of HVG Electronic GmbH have until May 31 to register
their claims with court-appointed insolvency manager
Michael George.

Creditors and other interested parties are encouraged to attend
the meeting at 1:00 p.m. on July 3, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Muehldorf a. Inn
         Hall 112
         Innstrasse 1
         Muehldorf a. Inn
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Michael George
         Hans-Urmiller-Ring 11
         82515 Wolfratshausen
         Germany

The District Court of Muehldorf a. Inn opened bankruptcy
proceedings against HVG Electronic GmbH on April 13.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         HVG Electronic GmbH
         Attn: Petronilla Gewande, Manager
         Traunreuter Strasse 12
         84478 Waldkraiburg
         Germany


HWSP GMBH: Claims Registration Ends May 31
------------------------------------------
Creditors of HWSP GmbH & Co. KG have until May 31 to register
their claims with court-appointed insolvency manager
Achim Thomas Thiele.

Creditors and other interested parties are encouraged to attend
the meeting at 8:35 a.m. on June 21, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Dortmund
         Hall 3.201
         Second Floor
         Gerichtsplatz 1
         44135 Dortmund
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Achim Thomas Thiele
         Bronnerstrasse 7
         44141 Dortmund
         Germany

The District Court of Dortmund opened bankruptcy proceedings
against HWSP GmbH & Co. KG on April 10.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         HWSP GmbH & Co. KG
         Freie-Vogel-Str. 393
         44269 Dortmund
         Germany


KEMA GMBH: Claims Registration Period Ends May 15
-------------------------------------------------
Creditors of KeMa GmbH have until May 15 to register their
claims with court-appointed insolvency manager Tobias Sorg.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on May 29, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Goeppingen
         Hall 0.24
         Ground Floor
         Pfarrstrasse 25
         73033 Goeppingen
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Goeppingen opened bankruptcy proceedings
against KeMa GmbH on April 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The insolvency manager can be reached at:

         Tobias Sorg
         c/o LaW Rechtsanwaelte
         Olgastrasse 83-85
         89073 Ulm
         Germany
         Tel: 0731/1450240
         Fax: 0731/1450280

The Debtor can be reached at:

         KeMa GmbH
         Attn: Werner Karl Seiler, Manager
         Brückenstrasse 34
         73037 Goeppingen
         Germany


INKOBA GMBH: Creditors Must Register Claims by May 29
-----------------------------------------------------
Creditors of INKOBA GmbH Ingenieurbüro für komplexe Bauplanung
have until May 29 to register their claims with court-appointed
insolvency manager Herbert Feigl.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on June 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Halle-Saalkreis
         Hall 1.043
         Judicial Center
         Thueringer Str. 16
         06112 Halle
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Herbert Feigl
         Hansering 1
         D 06108 Halle
         Germany
         Tel: 0345/212220
         Fax: 0345/2122222

The District Court of Halle-Saalkreis opened bankruptcy
proceedings against INKOBA GmbH Ingenieurbüro für komplexe
Bauplanung on April 5.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         INKOBA GmbH Ingenieurbüro für komplexe Bauplanung
         Neustädter Passage 6
         06122 Halle
         Germany


KLOECKNER & CO: Moody's Lifts Corporate Family Rating to Ba2
------------------------------------------------------------
Moody's Investors Service upgraded the corporate family rating
of Kloeckner & Co. AG to Ba2 and the rating of the senior notes
issued by Kloeckner Investment SCA to B1.  The outlook on both
ratings has been changed to stable.

"Kloeckner has significantly reduced its indebtedness since the
IPO in mid-2006 and at the same time the company's performance
has been and is expected to remain positive," said Matthias
Hellstern, analyst at Moody's.

The rating upgrade is based on Moody's expectation that the
improvement in capital structure that Kloeckner has achieved
over the last 12 months will be sustainable, even including
increased indebtedness following the acquisition of U.S. steel
distributor Primary Steel, and, together with good prospects for
the current year, will lead to a sustainable leverage of
debt/EBITDA of below 3.0x and stable or further improving
margins.

A further upgrade could be warranted if the current business
environment remains positive into 2008, and if Kloeckner:

   (i) achieves its further cost reduction plans leading to
       higher and more stable margins;

  (ii) reduces leverage to levels below 2.5x Debt/EBITDA; and

(iii) generates funds from operations while maintaining modest
       dividend payments which should support a retained cash
       flow/Debt in the high teens on a sustainable basis.

Given the volatility of key credit parameters in the recent
past, an upgrade will also need to take into account the
demonstrated track record of key metrics being sustainably in
the above mentioned target ranges for a Ba1 rating.

The intended implementation of a syndicated loan which is used
to refinance certain of the company's bilateral loans leads to a
slight change in the LGD Rate from 92% to 95%, but has no
implications on the overall notching of the bond.

Downgrades:

   * Issuer: Kloeckner Investment S.C.A.

     -- Senior Subordinated Regular Bond/Debenture, Downgraded
        to 95-LGD6 from 92-LGD6

Upgrades:

   * Issuer: Kloeckner & Co. AG

     -- Corporate Family Rating, Upgraded to Ba2 from Ba3

   * Issuer: Kloeckner Investment S.C.A.

     -- Senior Subordinated Regular Bond/Debenture, Upgraded to
        B1 from B2

Outlook Actions:

   * Issuer: Kloeckner & Co. AG

     -- Outlook, Changed To Stable From Positive

   * Issuer: Kloeckner Investment S.C.A.

     -- Outlook, Changed To Stable From Positive

Headquartered in Duisburg, Germany, Kloeckner & Co. AG is one of
the leading independent steel and metal distributors in the
European and North American markets.  For the financial year
ended 2006, the company reported sales of EUR5.5 billion and
operating profit of EUR312 million.


KOEHLER MASSIVHAUS: Creditors Must Register Claims by May 24
------------------------------------------------------------
Creditors of Koehler Massivhaus und Sanierungs GmbH have until
May 24 to register their claims with court-appointed insolvency
manager Michael Wilkens.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on June 25, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Schwerin
         Meeting Hall 7
         Demmlerplatz 14
         Schwerin

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Michael Wilkens
         Elbchaussee 140
         22763 Hamburg
         Germany

The District Court of Schwerin opened bankruptcy proceedings
against Koehler Massivhaus und Sanierungs GmbH on April 5.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Koehler Massivhaus und Sanierungs GmbH
         Attn: Thomas Koehler, Manager
         Turnerweg 4c
         23966 Wismar
         Germany


LIN-TEC LINDAU: Creditors Must Register Claims by June 1
--------------------------------------------------------
Creditors of LIN-TEC Lindau-Entsorgungstechnik GmbH have until
June 1 to register their claims with court-appointed insolvency
manager Erich Hoelzemann.

Creditors and other interested parties are encouraged to attend
the meeting at 8: 30 a.m. on June 22, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court Muenster
         Meeting Hall 13 B
         Gerichtsstr. 2-6
         48149 Muenster
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Erich Hoelzemann
         Goethestr. 2
         59065 Hamm
         Germany
         Tel: 02381/924200
         Fax: +4923819242020

The District Court of Muenster opened bankruptcy proceedings
against LIN-TEC Lindau-Entsorgungstechnik GmbH on April 12.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         LIN-TEC Lindau-Entsorgungstechnik GmbH
         Schinkelstrasse 82
         59227 Ahlen
         Germany


MICRO RESULT: Claims Registration Period Ends May 25
----------------------------------------------------
Creditors of Micro Result GmbH have until May 25 to register
their claims with court-appointed insolvency manager Dirk
Wittkowski.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on June 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cottbus
         Hall 210
         Gerichtsplatz 2
         Cottbus
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Dirk Wittkowski
         Kirchblick 11
         14129 Berlin
         Germany

The District Court of Cottbus opened bankruptcy proceedings
against Micro Result GmbH on April 12.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Micro Result GmbH
         Am Teufels-teich 2
         03185 Peitz
         Germany


MOEBELHOF N.O.L.: Creditors Must Register Claims by May 23
----------------------------------------------------------
Creditors of Moebelhof N.O.L. GmbH have until May 23 to register
their claims with court-appointed insolvency manager
Henning Schorisch.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on July 4, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Dresden
         Hall D131
         Olbrichtplatz 1
         01099 Dresden
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Henning Schorisch
         Wasastrasse 15
         01219 Dresden
         Germany

The District Court of Dresden opened bankruptcy proceedings
against Moebelhof N.O.L. GmbH on April 11.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Moebelhof N.O.L. GmbH
         Salomonstr. 19
         02926 Goerlitz
         Germany


PARGA DIENSTLEISTUNG: Creditors Meeting Slated for June 1
---------------------------------------------------------
The court-appointed insolvency manager for PARGA Dienstleistung
GmbH, Udo Feser, will present his first report on the Company's
insolvency proceedings at a creditors' meeting at 10:00 a.m. on
June 1.

The meeting of creditors and other interested parties will be
held at:

         The District Court of Charlottenburg
         Second Stock Hall 218
         Amtsgerichtsplatz 1
         14057 Berlin
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 9:35 a.m. on Sept. 7 at the same venue.

Creditors have until July 13 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Udo Feser
         Uhlandstr. 165/166
         10719 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against PARGA Dienstleistung GmbH on April 5.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         PARGA Dienstleistung GmbH
         Berliner Allee 211
         13088 Berlin
         Germany


PARKDACHTECHNIK POBURSKI: Creditors Must File Claims by June 1
--------------------------------------------------------------
Creditors of Parkdachtechnik Poburski GmbH have until June 1 to
register their claims with court-appointed insolvency manager
Jens-Soeren Schroeder.

Creditors and other interested parties are encouraged to attend
the meeting at 9:50 a.m. on June 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Hamburg
         Hall B 405
         Fourth Floor Annex
         Civil Justice Bldg.
         Sievkingplatz 1
         20355 Hamburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Jens-Soeren Schroeder
         Raboisen 38
         20095 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against Parkdachtechnik Poburski GmbH on April 4.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Parkdachtechnik Poburski GmbH
         Attn: Dietrich Poburski, Manager
         Randersweide 69-73
         21035 Hamburg
         Germany


PEN + PAPER: Claims Registration Period Ends May 16
---------------------------------------------------
Creditors of PEN + PAPER Handels GmbH have until May 16 to
register their claims with court-appointed insolvency manager
Thorsten Konrad.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on July 2, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Mannheim
         Area 232
         Second Floor
         West Wing
         Schloss
         68149 Mannheim
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Thorsten Konrad
         Saarburger Ring 10-12
         68229 Mannheim
         Germany
         Tel: 0621/483240

The District Court of Mannheim opened bankruptcy proceedings
against PEN + PAPER Handels GmbH on April 12.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         PEN + PAPER Handels GmbH
         Industriestr. 8
         68542 Heddesheim
         Germany


PRIVATBANK REITHINGER: Owner Charged with Concerted Tax Evasion
---------------------------------------------------------------
Klaus Thannhuber, owner of insolvent Privatbank Reithinger GmbH
& Co. KG, and four other defendants are facing concerted tax
evasion charges, which the Bielefeld district court in Germany
must either accept or reject, The Financial Times reports,
citing Suddeutsche Zeitung as its source.

Financial agencies allegedly sold stakes in Euranova, a German
property cooperative, to mostly low-earning investors, promising
that they would obtain housing grants without the obligation to
build or purchase property, Suddeutsche Zeitung reveals.  The
agencies then created a cash circulation system through accounts
with Privatbank Reithinger, through which payment installments
of the participants in the cooperative were faked.

According to the report, unmerited housing grants were allegedly
paid out in a total of 1,707 cases.  Mr. Thannhuber, however,
has consistently denied all the claims.

                   About Privatbank Reithinger

Headquartered in Singen, Germany, Privatbank Reithinger GmbH &
Co. KG -- http://www.privatbank-reithinger.de/-- is a private
bank that was declared insolvent on Nov. 11, 2006.


R. C. GASTRONOMIE: Claims Registration Period Ends June 17
----------------------------------------------------------
Creditors of R. C. Gastronomie GmbH i. L. have until June 17 to
register their claims with court-appointed insolvency manager
Hans-Gerd Jauch.

Creditors and other interested parties are encouraged to attend
the meeting at 9:35 a.m. on July 17, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cologne
         Meeting Hall 1240
         12th Floor
         Luxemburger Strasse 101
         50939 Cologne
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Hans-Gerd Jauch
         Sachsenring 81
         50677 Cologne
         Germany
         Tel: 0221/33660130
         Fax: +492213366085

The District Court of Cologne opened bankruptcy proceedings
against R. C. Gastronomie GmbH i. L. on April 10.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         R. C. Gastronomie GmbH i. L.
         Friedrich-Schmidt-Str. 52 a
         50933 Cologne
         Germany


SCHIEDER MOEBEL: Secures EUR70-Mln Loan; Averts Insolvency
----------------------------------------------------------
Schieder Moebel Holding GmbH was able to temporarily avert
insolvency after its management, creditors and bank lenders
agreed on a EUR70-million bridge loan, The Financial Times
reports citing Frankfurter Allgemeine Zeitung as its source.

According to the report, Deutsche Bank also took part in the
negotiations.

A TCR-Europe report on April 23 relates that Schieder needs up
to EUR65 million in transition financing to guarantee its
liquidity.

Schieder applied for insolvency proceedings at the District
Court of Detmold after incurring debts of nearly EUR300 million
due to high capital costs.

Headquartered in Herford, Germany, Schieder Moebel Holding GmbH
-- http://www.schieder.com/-- is one of the leading furniture
designers and manufacturers in Europe.  The company has 41
production plants and employs 11,000 people worldwide, 9,000 of
which in Poland.  It had turnover of EUR950 million in the
financial year 2005/06.


SCHROTT-VERWERTUNG-BERLIN GMBH: Claims Registration Ends May 31
---------------------------------------------------------------
Creditors of S.V.B. Schrott-Verwertung-Berlin GmbH have until
May 31 to register their claims with court-appointed insolvency
manager Sebastian Laboga.

Creditors and other interested parties are encouraged to attend
the meeting at 1:00 p.m. on July 4, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Potsdam
         Hall 301
         Third Floor
         Nebenstelle Lindenstrasse 6
         14467 Potsdam
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Sebastian Laboga
         Einemstrasse 24
         10785 Berlin
         Germany
         Web site: www.kuebler-gbr.de

The District Court of Potsdam opened bankruptcy proceedings
against S.V.B. Schrott-Verwertung-Berlin GmbH on April 11.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         S.V.B. Schrott-Verwertung-Berlin GmbH
         Attn: Bernhard Andreas Hahn, Manager
         Leibnizring 26
         14480 Potsdam
         Germany


SMH-SCHWEISSKONSTRUKTION: Claims Registration Ends May 21
---------------------------------------------------------
Creditors of SMH-Schweisskonstruktion Gesellschaft mbH have
until May 21 to register their claims with court-appointed
insolvency manager Andreas Fischer.

Creditors and other interested parties are encouraged to attend
the meeting at 8:30 a.m. on July 3, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Baden-Baden
         Hall 009a
         Ground Floor
         Gutenbergstr. 17
         76532 Baden-Baden
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Andreas Fischer
         Kriegstr. 25
         76133 Karlsruhe
         Germany

The District Court of Baden-Baden opened bankruptcy proceedings
against SMH-Schweisskonstruktion Gesellschaft mbH on April 13.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         SMH-Schweisskonstruktion Gesellschaft mbH
         Attn: Maria-Eva Hermann, Manager
         Max-Roth-Str. 1
         76571 Gaggenau
         Germany


SPARK GMBH: Claims Registration Period Ends May 29
--------------------------------------------------
Creditors of Spark GmbH have until May 29 to register their
claims with court-appointed insolvency manager Dr. Achim
Ahrendt.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on June 28, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Tostedt
         Meeting Room I
         Area CE.02
         Linden 23
         21255 Tostedt
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Dr. Achim Ahrendt
         Albert-Einstein-Ring 11
         22761 Hamburg
         Germany
         Tel: 040/899560
         Fax: 040/8995641

The District Court of Tostedt opened bankruptcy proceedings
against Spark GmbH on April 12.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Spark GmbH
         Attn: Hans Peter Spark, Manager
         Estebruegger Str. 10
         21614 Buxtehude
         Germany


STEINMETZBETRIEB SCHNEIDER: Claims Registration Ends May 7
----------------------------------------------------------
Creditors of Steinmetzbetrieb Schneider GmbH have until May 7 to
register their claims with court-appointed insolvency manager
Dr. Mark Schuessler.

Creditors and other interested parties are encouraged to attend
the meeting at 9:10 a.m. on July 6, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Mannheim
         Hall 232
         Second Floor
         Schloss
         68149 Mannheim
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The District Court of Mannheim opened bankruptcy proceedings
against Steinmetzbetrieb Schneider GmbH on April 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The insolvency manager can be reached at:

         Dr. Mark Schuessler
         Bismarckstr. 4
         69469 Weinheim
         Germany
         Tel: 06201/994424

The Debtor can be reached at:

         Steinmetzbetrieb Schneider GmbH
         Attn: Ingo Schneider, Manager
         Auf der Entenweide 25
         69502 Hemsbach und Mittelstr. 50-52
         69514 Laudenbach
         Germany


WALTER COHRS: Claims Registration Period Ends June 6
----------------------------------------------------
Creditors of Walter Cohrs Agrar-Agentur GmbH have until June 6
to register their claims with court-appointed insolvency manager
Henning Samisch.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on June 27, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Lueneburg
         Hall 302
         Ochsenmarket 3
         21335 Lueneburg
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Henning Samisch
         Muehlenkamp 59
         D 22303 Hamburg
         Germany
         Tel: 040650390
         Fax: 04065039199

The District Court of Lueneburg opened bankruptcy proceedings
against Walter Cohrs Agrar-Agentur GmbH on April 10.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Walter Cohrs Agrar-Agentur GmbH
         Deichstrasse 4
         21423 Winsen/Luhe
         Germany

         Attn: Walter Cohrs, Manager
         Auestieg 22
         21442 Tangendorf
         Germany


YACHT MANAGEMENT: Claims Registration Period Ends May 15
--------------------------------------------------------
Creditors of Yacht Management Wernicke GmbH have until May 15 to
register their claims with court-appointed insolvency manager
Yorck Eymelt.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on June 5, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court Muenster
         Meeting Hall 13 B
         Gerichtsstr. 2-6
         48149 Muenster
         Germany

The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Yorck Eymelt
         Verspoel 12
         48143 Muenster
         Germany
         Tel: 0251/41701-0
         Fax: +492514170160

The District Court of Muenster opened bankruptcy proceedings
against Yacht Management Wernicke GmbH on April 11.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Yacht Management Wernicke GmbH
         Attn: Jens-Thomas Wernicke, Manager
         Hoersterstrasse 35
         48143 Muenster
         Germany


=============
I R E L A N D
=============


AFFILIATED COMPUTER: Darwin Deason Raises Bid to US$62 Per Share
----------------------------------------------------------------
Affiliated Computer Services Inc. has received a revised
proposal from Darwin Deason, chairman of the board of ACS, and
Cerberus Capital Management LP, to acquire, for a cash purchase
price of US$62 per share, all of the outstanding shares of the
company's common stock, other than certain shares and options
held by Mr. Deason and members of the company's management team
that would be rolled into equity securities of the acquiring
entity in connection with the proposed transaction.

Mr. Deason's original offer was US$59.25 per share.

A special committee of independent directors formed by the board
of directors to evaluate the company's strategic alternatives,
including the proposal from Mr. Deason and Cerberus, expects to
make a recommendation to the board after its consideration of
all strategic alternatives, including the proposal and all
others received, in due course.  The special committee continues
to have concerns about the Deason/Cerberus proposal and the sale
process that it outlines, particularly with regard to the
unchanged exclusivity arrangement that the independent directors
asked to be voided on March 21, 2007.  The special committee has
written a letter to Mr. Deason seeking clarification with
respect to several issues of concern.

                About Cerberus Capital Management

Headquartered in New York City, and established in 1992,
Cerberus Capital Management LP is one of the world's leading
private investment firms with around US$25 billion of capital
under management in funds and accounts.  Through its team of
investment and operations professionals, Cerberus specializes in
providing both financial resources and operational expertise to
help transform its portfolio companies into industry leaders for
long-term success and value creation.  Cerberus has offices in
Los Angeles, Chicago and Atlanta, well as advisory offices in
London, Baan, Frankfurt, Tokyo, Osaka and Taipei.

                About Affiliated Computer Services

Headquartered in Dallas, Texas, Affiliated Computer Services
Inc. (NYSE: ACS) -- http://www.acs-inc.com/-- is a FORTUNE 500
company.  It provides business process outsourcing and
information technology solutions to world-class commercial and
government clients.  The company has more than 58,000 employees
supporting client operations in nearly 100 countries.  The
company has global operations in Brazil, China, Dominican
Republic, India, Guatemala, Ireland, Philippines, Poland, and
Singapore.

                          *     *     *

As reported in the Troubled Company Reporter on March 29, 2007,
Fitch Ratings placed Affiliated Computer Services Inc. on
Rating Watch Negative after the proposed offer from Darwin
Deason, founder and current chairman of ACS, and Cerberus
Capital Management L.P. to acquire the company in a leveraged
buyout transaction valued at US$8.2 billion, including existing
debt.

Ratings affected were (i) Issuer Default Rating 'BB'; (ii)
Senior secured revolving credit facility at 'BB'; (iii) Senior
secured term loan at 'BB'; and (iv) Senior notes at 'BB-'.


CLOVERIE PLC: S&P Lowers Series 2005-55 Debt Rating to B
--------------------------------------------------------
Standard & Poor's Ratings Services took 34 rating actions on
various U.S. synthetic CDO transactions:

   -- six ratings were raised and removed from CreditWatch
      positive;

   -- 16 ratings were lowered and removed from CreditWatch
      negative; and

   -- 12 ratings were lowered and remain on CreditWatch
      negative.

The ratings on all the classes mentioned in this release had
been previously placed on CreditWatch negative or CreditWatch
positive and were reviewed to determine the appropriate rating
action.  If the SROC ratio was above 100% at the next higher
rating level, S&P raised the rating on the tranche.  If the SROC
ratio was lower than 100% at the current date and at a 90-day-
forward projected date, S&P would lower the rating on the
tranche.

                           Rating List

                                 Rating
      Class                 To              From
      -----                 --              ----
ABSpoke 2005-IC Ltd.

      Fixed rate            BBB+            A-/Watch Neg

Archstone I PLC

      2005-B1               AA+             AA/Watch Pos
      2005-B2               AA+             AA/Watch Pos

Arlo III Ltd.
   Series 2005 (Saint James)

      Notes                 AA+             AA/Watch Pos

Blue Point CDO SPC
   Series 2005-1

      C-1                   BBB+            BBB/Watch Pos
      C-2                   BBB+            BBB/Watch Pos

Blue Point CDO SPC
   Series 2005-2

      C                     BBB+            BBB/Watch Pos

Cloverie PLC
   Series 2005-55

      Notes                 B               B+/Watch Neg

Credit Default Swap
   Citibank N.A. - HSPI Diversified CDO Fund I Ltd. CA1119131

      Tranche               A+srb           AA-srb/Watch Neg

Credit Linked Notes Ltd. 2005-1

      Notes                 A/Watch Neg     AA-/Watch Neg

Jefferson Valley CDO SPC
   Series 2006-1

      A                     A+/Watch Neg    AA-/Watch Neg
      B-1                   BBB+            A-/Watch Neg
      B-2                   BBB+            A-/Watch Neg

Momentum CDO (Europe) Ltd.
   Series 2005-9

      Notes                 BBB             BBB+/Watch Neg

Morgan Stanley ACES SPC
   Series 2006-2

      Secured notes         A+              AA/Watch Neg

Morgan Stanley ACES SPC
   Series 2006-3

      IA                    A+/Watch Neg    AA-/Watch Neg
      IB                    A+/Watch Neg    AA-/Watch Neg
      IC                    A+/Watch Neg    AA-/Watch Neg

Morgan Stanley ACES SPC
   Series 2006-4

      IA                    A-              A+/Watch Neg
      IIA                   BBB             BBB+/Watch Neg

Morgan Stanley ACES SPC
   Series 2006-5

      IA                    AA/Watch Neg    AA+/Watch Neg

Morgan Stanley ACES SPC
   Series 2006-6

      Deferrable sec        BBB             BBB+/Watch Neg

Morgan Stanley ACES SPC
   Series 2006-7

      IA                    A+/Watch Neg    AA/Watch Neg

Morgan Stanley ACES SPC
   Series 2006-10

      II                    AA-/Watch Neg   AA/Watch Neg

Morgan Stanley ACES SPC
   Series 2006-14

      II                    AA-/Watch Neg   AA/Watch Neg

Morgan Stanley ACES SPC
   Series 2006-16

      III                   BBB-            BBB/Watch Neg

Morgan Stanley ACES SPC
   Series 2006-21

      IIA                   AA-/Watch Neg   AA/Watch Neg

Oban Trust
   Series 2005-2

      A                     A               A+/Watch Neg

Oban Trust
   Series 2006-1

      A                     A/Watch Neg     A+/Watch Neg

REPACS Trust Series 2006 Mount Ventoux

      Debt units            A+              AA/Watch Neg

STEERS Randolph Gate CDO Trust Series 2006-1

      Trust unit            A               AA-/Watch Neg

TIERS Missouri Floating Rate Credit Linked Trust Series 2007-1

      Certs                 A+              AA-/Watch Neg

Toronto-Dominion Bank (The)
   Toronto-Dominion Bank CAD48,031,000 Portfolio Credit Linked
   Notes

      Prt credit link       BB              BB+/Watch Neg

Tribune Ltd.
   Series 39

      Tranche               AA/Watch Neg    AA+/Watch Neg


===================
K A Z A K H S T A N
===================


BS GROUP: Creditors Must File Claims by May 25
----------------------------------------------
The Specialized Inter-Regional Economic Court of Karaganda has
declared LLP Bs Group insolvent.

Creditors have until May 25 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Karaganda
         Jambyl Str. 9
         Karaganda
         Kazakshtan


ERASYL & K: Creditors' Claims Due May 22
----------------------------------------
The Specialized Inter-Regional Economic Court of South
Kazakhstan has declared LLP Erasyl & K insolvent.

Creditors have until May 22 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of South Kazakhstan
         Ilyaev Str. 24
         Shymkent
         South Kazakhstan
         Kazakhstan


JALYN-KOKSHE LLP: Proof of Claim Deadline Slated for May 25
-----------------------------------------------------------
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Jalyn-Kokshe insolvent.

Creditors have until May 25 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Akmola
         Office 75
         Auelbekov Str. 126
         Kokshetau
         Akmola
         Kazakhstan
         Tel: 8 (3162) 25-40-67


JEN LYAN: Claims Registration Ends May 25
-----------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Hu Jen Lyan insolvent.

Creditors have until May 25 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Office 74
         Kazybek bi Str. 50
         Almaty
         Kazakhstan
         Tel: 8 (3272) 72-12-50, 72-18-09


JEZTECHSERVICE & K: Claims Filing Period Ends May 25
----------------------------------------------------
The Specialized Inter-Regional Economic Court of Karaganda has
declared LLP Jeztechservice & K insolvent.

Creditors have until May 25 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Karaganda
         Jambyl Str. 9
         Karaganda
         Kazakshtan


KAMBIZ TRADING: Creditors Must File Claims by May 22
----------------------------------------------------
The Specialized Inter-Regional Economic Court of South
Kazakhstan has declared LLP Kambiz Trading insolvent.

Creditors have until May 22 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of South Kazakhstan Region
         Ilyaev Str. 24
         Shymkent
         South Kazakhstan
         Kazakhstan


KASTER LLP: Creditors' Claims Due May 25
----------------------------------------
The Specialized Inter-Regional Economic Court of South
Kazakhstan has declared LLP Kaster insolvent.

Creditors have until May 25 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of South Kazakhstan Region
         Momysh-Uly Str. 27
         Shymkent
         South Kazakhstan
         Kazakhstan


MALESTA LLP: Proof of Claim Deadline Slated for May 25
------------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Malesta insolvent.

Creditors have until May 25 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Office 74
         Kazybek bi Str. 50
         Almaty
         Kazakhstan
         Tel: 8 (3272) 72-12-50, 72-18-09


ORDA-2030 LLP: Claims Registration Ends May 25
----------------------------------------------
The Specialized Inter-Regional Economic Court of South
Kazakhstan has declared LLP Orda-2030 insolvent.

Creditors have until May 25 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of South Kazakhstan Region
         Momysh-Uly Str. 27
         Shymkent
         South Kazakhstan
         Kazakhstan


SERVICE TECH: Claims Filing Period Ends May 25
----------------------------------------------
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Service Tech insolvent.

Creditors have until May 25 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Akmola
         Office 75
         Auelbekov Str. 126
         Kokshetau
         Akmola
         Kazakhstan
         Tel: 8 (3162) 25-40-67


===================
K Y R G Y Z S T A N
===================


ARES LLC: Creditors' Meeting Slated for May 14
----------------------------------------------
Creditors of LLC Ares will convene at 10:00 a.m. on May 14 at:

         Tolstoy Str. 19
         Bishkek
         Kyrgyzstan

The Inter-District Court of Bishkek for Economic Issues declared
LLC Ares (Case No. ED-1062/06mbs 8) insolvent on Dec. 6, 2006.
Subsequently, bankruptcy proceedings were introduced at the
company.

Creditors must submit their proofs of claim and be registered
within seven days before the meeting with the temporary
insolvency manager.

Proxies must have authorization to vote.

The temporary insolvency manager is:

         Misir Halmurzaev
         Tel: (+996 312) 65-48-15


===================
L U X E M B O U R G
===================


PENTA CLO: Moody's Rates EUR13-Million Class E Notes at Ba1
-----------------------------------------------------------
Moody's has assigned definitive credit ratings to the notes
issued by Penta CLO 1 S.A., a special purpose company
incorporated in Luxembourg.  The ratings are:

   -- EUR240-million Class A-1 Senior Floating Rate Notes due
      2024: Aaa;

   -- EUR26-million Class A-2 Senior Floating Rate Notes due
      2024: Aaa;

   -- EUR48-million Class B Senior Deferrable Floating Rate
      Notes due 2024: Aa2;

   -- EUR21-million Class C Senior Subordinated Deferrable
      Floating Rate Notes due 2024: A2;

   -- EUR15-million Class D Senior Subordinated Deferrable
      Floating Rate Notes due 2024: Baa2;

   -- EUR13-million Class E Senior Subordinated Deferrable
      Floating Rate Notes due 2024: Ba1;

   -- EUR5-million Class P Combination Notes due 2024: Aaa;

   -- EUR5.5-million Class Q Combination Notes due 2024: A2;

   -- EUR5-million Class R Combination Notes due 2024: A2; and

   -- EUR8-million Class S Combination Notes due 2024: Baa1.

The definitive ratings of the Class A-1, A-2, B, C, D and E
Notes address the expected loss posed to investors by the legal
final maturity in 2024.

The ratings of the Class P, Q and R Combination Notes address
the expected loss posed to investors by the legal final maturity
as a proportion of the Rated Balance, where the Rated Balance is
equal, at any time, to the principal amount of the Combination
Notes on the closing date minus the aggregate of all payments
made from the closing date to such date, either through interest
or principal payments.

The rating of the Class S Combination Notes addresses the
expected loss posed to investors by the legal final maturity as
a proportion of the Rated Balance, where the Rated Balance is
equal, at any time, to the principal amount of the Combination
Notes on the closing date plus a Rated Coupon of 0.25% per annum
minus the aggregate of all payments made from the closing date
to such date, either through interest or principal payments.

EUR42-million Class F Subordinated Notes due 2024 will be issued
but are not rated by Moody's.

The definitive ratings assigned by Moody's are primarily based
on:

   -- an assessment of the eligibility criteria and portfolio
      guidelines applicable to the future additions to the
      portfolio;

   -- the protection against losses through the subordination of
      the more junior classes of notes to the more senior
      classes of notes;

   -- the expertise of Partners Group as Sub-Advisor to the
      Portfolio Manager Penta Management Ltd.; and

   -- the legal and structural integrity of the issue.

This transaction is a high yield collateralized loan obligation
related to a EUR400-million portfolio of mostly European senior
and mezzanine loans (with a predominance of senior secured
loans).  This portfolio will partially acquired at closing date
and partially during the 12 months ramp-up period in compliance
with portfolio guidelines.  Thereafter, the portfolio of loans
will be actively managed and the portfolio manager will have the
option, on behalf of the issuer, to buy or sell loans.  Any
addition or removal of loans will be subject to a number of
portfolio criteria.


===========
R U S S I A
===========


ALESHKOVSKOYE CJSC: Bankruptcy Hearing Slated for July 12
---------------------------------------------------------
The Arbitration Court of Voronezh will convene at 10:00 a.m. on
July 12 to hear the bankruptcy supervision procedure on CJSC
Aleshkovskoye (TIN 3630000164).  The case is docketed under Case
No. A14-1815-2007 9/20b.

The Court is located at:

         The Arbitration Court of Voronezh
         Room 606
         Srednemoskovskaya Str. 77
         Voronezh
         Russia

The Debtor can be reached at:

         CJSC Aleshkovskoye
         Sovetskaya Str.
         Aleshki
         Ternovskiy
         Voronezh
         Russia


ALITET CJSC: Creditors Must File Claims by May 7
------------------------------------------------
Creditors of CJSC Alitet (TIN 2801092617) have until May 7 to
submit proofs of claim to:

         G. Chmutina
         Temporary Insolvency Manager
         Office 105
         Sv. Innokentiya Per. 13
         675000 Blagoveshensk
         Russia

The Arbitration Court of Amur will convene on July 26 to hear
the company's bankruptcy supervision procedure.  The case is
docketed under Case No. A04-802/07-17/39 B.

The Debtor can be reached at:

         OJSC Kamchat-Ryb-Spets-Story
         Verkhne-Blagoveshenskiy
         675006 Amur
         Russia


BALTIC BUILDING: Creditors Must File Claims by May 7
----------------------------------------------------
Creditors of LLC Baltic Building Company-62 have until May 7 to
submit proofs of claim to:

         A. Zhadnov
         Temporary Insolvency Manager
         Post User Box 795
         199106 St. Petersburg
         Russia

The Arbitration Court of St. Petersburg and Leningrad will
convene at 11:40 a.m. on June 26 to hear the company's
bankruptcy supervision procedure.  The case is docketed under
Case No. A56-46784/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         LLC Baltic Building Company-62
         Villozi
         Lomonosovskiy
         188508 Leningrad
         Russia


BOGRADSKIY CHEESE: Creditors Must File Claims by May 1
------------------------------------------------------
Creditors of OJSC Bogradskiy Cheese Factory have until May 1 to
submit proofs of claim to:

         A. Maltsev
         Temporary Insolvency Manager
         Kolkhoznaya Str. 45- 36
         Abakan
         Khakasiya
         Russia

The Arbitration Court of Khakasiya commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. A74-417/2007.

The Court is located at:

         The Arbitration Court of Khakasiya
         Post User Box 147
         Pushkina Str. 165
         Abakan
         655017 Khakasiya
         Russia

The Debtor can be reached at:

         OJSC Bogradskiy Cheese Factory
         Bograd
         Khakasiya
         Russia


DOMEN-3 CJSC: Creditors Must File Proofs of Claim by May 7
----------------------------------------------------------
Creditors of CJSC Domen-3 have until May 7 to submit proofs of
claim to:

         P. Tarasov
         Insolvency Manager
         Post User Box 19
         OPS-100
         170100 Tver
         Russia

The Arbitration Court of St. Petersburg and Leningrad commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A56-33294/206.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         CJSC Domen-3
         Premise 6N
         Zakharyevskaya Str. 14
         St. Petersburg
         Russia


EAR LLC: Court Names A. Zhadnov as Insolvency Manager
-----------------------------------------------------
The Arbitration Court of St. Petersburg and Leningrad appointed
A. Zhadnov as Insolvency Manager for LLC Ear.  He can be reached
at:

         A. Zhadnov
         Post User Box 795
         199106 St. Petersburg
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A56-45778/2006.

The Court is located at:

         The Arbitration Court of St. Petersburg and Leningrad
         Hall 113
         Suvorovskiy Pr. 50/52
         St. Petersburg
         Russia

The Debtor can be reached at:

         LLC Ear
         Staroya Ladoga
         Leningrad
         Russia


ENERGO-OIL-GAS-STROY: Bankruptcy Hearing Slated for July 9
----------------------------------------------------------
The Arbitration Court of Bashkortostan will convene on July 9 to
hear the bankruptcy supervision procedure on OJSC Energo-Oil-
Gas-Stroy (TIN 0278005467, OGRN 1030204595145).  The case is
docketed under Case No. A07-51496/05-G-FLE.

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         OJSC Energo-Oil-Gas-Story
         Br. Kadomtsevykh Str. 8
         Ufa
         450059 Bashkortostan
         Russia


EVRASERVICE CJSC: Creditors Must File Claims by May 7
-----------------------------------------------------
Creditors of CJSC Evraservice have until May 7 to submit proofs
of claim to:

         A. Radzhabov
         Insolvency Manager
         Post User Box 9
         119421 Moscow
         Russia

The Arbitration Court of Moscow commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A41-K2-13020/06.

The Court is located at:

         The Arbitration Court of Moscow
         Novaya Basmannaya Str. 10
         Moscow
         Russia

The Debtor can be reached at:

         CJSC Evraservice
         Rekintso Promzona
         Solnechnogorsk
         141500 Moscow
         Russia


GAY-MILK LLC: Creditors Must File Claims by May 1
-------------------------------------------------
Creditors of LLC Gay-Milk have until May 1 to submit proofs of
claim to:

         V. Khaybulin
         Insolvency Manager
         Post User Box 223
         Ufa
         450054 Bashkortostan
         Russia

The Arbitration Court of Bashkortostan commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. A07-51496/05-G-FLE.

The Court is located at:

         The Arbitration Court of Bashkortostan
         Oktyabrskoy Revolyutsii Str. 63a
         Ufa
         Bashkortostan
         Russia

The Debtor can be reached at:

         LLC Gay-Milk
         450059 Bashkortostan
         Russia


KARASUK OJSC: Creditors Must File Claims by May 1
-------------------------------------------------
Creditors of OJSC Karasuk have until May 1 to submit proofs of
claim to:

         A. Biryukov
         Temporary Insolvency Manager
         Post User Box 2004
         650000 Kemerovo
         Russia

The Arbitration Court of Novosibirsk will convene at 2:00 p.m.
on June 20 to hear the company's bankruptcy supervision
procedure.  The case is docketed under Case No. A45-19659/
06-4-365.

The Court is located at:

         The Arbitration Court of Novosibirsk
         Kirova Str. 3
         630007 Novosibirsk
         Russia

The Debtor can be reached at:

         OJSC Karasuk
         Fedosikha
         Novosibirsk
         Russia


KRASNOSELSKAYA POULTRY: Asset Sale Slated for May 15
----------------------------------------------------
O. Veretelnik, the insolvency manager and bidding organizer for
OJSC Krasnoselskaya Poultry Farm, will open a public auction for
the company's properties at 11:00 a.m. on May 15 at:

         O. Veretelnik
         Room 9
         Gostinichnaya Str. 4
         Moscow
         Russia

The company has set a RUR19,091,600 starting price for the
assets.

Interested participants have until May 10 to deposit an amount
equivalent to 20% of the starting price to:

         OJSC Krasnoselskaya Poultry Farm
         Settlement Account 40702810300000001160
         Correspondent Account 301018102000000000447
         LLC CB Bank BTF
         Moscow
         Russia

Bidding documents must be submitted to:

         O. Veretelnik
         Room 9
         Gostinichnaya Str. 4
         Moscow
         Russia

The Debtor can be reached at:

         OJSC Krasnoselskaya Poultry Farm
         Krasnoye-na-Volge
         Kostroma
         Russia


NOVOSELOVSKIY DIARY: Bankruptcy Hearing Slated for July 12
----------------------------------------------------------
The Arbitration Court of Krasnoyarsk will convene at 10:00 a.m.
on July 12 to hear the bankruptcy supervision procedure on OJSC
Novoselovskiy Diary.  The case is docketed under Case No.
A33-14708/2006.

The Temporary Insolvency Manager is:

         O. Uvarichev
         Temporary Insolvency Manager
         P. zheleznyaka Str. 17
         660133 Krasnoyarsk
         Russia

The Court is located at:

         The Arbitration Court of Krasnoyarsk
         Lenina Str. 143
         660021 Krasnoyarsk
         Russia

The Debtor can be reached at:

         OJSC Novoselovskiy Diary
         Promyshlennaya Str. 10
         Novoselovo
         662430 Krasnoyarsk
         Russia


PROMSVYAZBANK JSCB: Gets US$300-Million Loan to Fund Expansion
--------------------------------------------------------------
The European Bank for Reconstruction and Development, Calyon,
HSBC and Raiffeisen Zentralbank Oesterreich AG completed the
syndication of a US$300-million loan for JSCB Promsvyazbank.

The amounts committed have substantially exceeded by 50% the
originally planned volume of the transaction.  The funds raised
will be used to increase the volume of active operations, as
well as to provide loans to corporate and retail customers.

Under this syndicated loan facility, the EBRD is the lender of
record and will provide Promsvyazbank with a five-year A loan in
the amount of US$85 million out of its own funds.  The other
participants of the syndicate will lend US$215 million for three
years under an EBRD A/B loan structure.  The interest rate for
the B loan stands at LIBOR + 1% per annum.  This syndication
involves 33 top global financial institutions from America,
Europe and Asia.

According to Artyom Konstandian, Promsvyazbank's senior vice-
president, this syndicated loan is the largest in the bank's
history.  The success of syndication and the wide geographical
spread of participating institutions underlines the high rating
given by international investors to Promsvyazbank's business and
its development strategy.

Promsvyazbank is actively cooperating with the European Bank for
Reconstruction and Development in a number of areas, including
trade finance and a small- and medium-size business development
program.  In 2005, Promsvyazbank received a five-year
subordinated loan from EBRD in the amount of RUR1.5 billion.

                       About Promsvyazbank

Headquartered in Moscow, Russia, JSCB Promsvyazbank --
http://www.psbank.ru/eng/-- engages in lending business,
project finance, leasing regional projects expanding its
presence in the financial markets.

Alexey and Dmitry Annaniev are the major shareholders in the
Bank.  Nova Ljubljanska Banka (Slovenia) holds 3.65% while
Rostelecom owns 0.27%.

                          *     *     *

In a TCR-Europe report on Dec. 21, 2006, Standard & Poor's
Ratings Services raised its long- and short-term counterparty
credit ratings on Russia-based Promsvyazbank JSCB to 'B+/B' from
'B/C'.

At the same time, the ratings were removed from CreditWatch
where they had been placed with positive implications on
Aug. 31, 2006, following the announcement that Germany-based
Commerzbank AG was acquiring a 15.3% stake in PSB, with a
potential step-by-step increase to a majority stake in the
medium term.  The outlook is positive.

As reported in the TCR-Europe on Dec. 11, 2006, Moody's
Investors Service changed from stable to positive the outlook on
Promsvyasbank's Ba3 long-term foreign currency deposit and debt
ratings.  The outlook on the bank's D- financial strength rating
remains unchanged.

At the same time the outlook for the Ba3 long-term foreign
currency debt rating assigned to US$125 million 8.75% senior
unsecured loan participation notes and the B1 long-term foreign
currency debt rating assigned to the US$200 million 9.625%
subordinated loan participation notes issued by PSB Finance S.A.
have also been changed to positive.

As reported in the TCR-Europe on Dec. 8, 2006, Fitch Ratings
changed the Outlook on the Issuer Default Rating of Russia-based
Promsvyazbank to Positive from Stable.  The bank's ratings are
affirmed at IDR B+, Short-term B, Individual D, and Support 5.

Fitch has assigned an expected Long-term rating of B+ to PSB's
upcoming senior unsecured eurobond and an expected Long-term
rating of B- to its upcoming subordinated debt issue.

Fitch Ratings assigned PSB Finance S.A.'s upcoming senior notes
issue expected ratings of Long-term B+ and Recovery RR4.  The
issue is to be used solely for financing a loan to Russia-based
JSC Promsvyazbank, which has been upgraded to Issuer Default
rating B+ from B.  Fitch has also assigned an expected Long-term
rating of B- to the bank's upcoming subordinated debt issue.


RISOVYJ LLC: Krasnodar Bankruptcy Hearing Slated for July 12
------------------------------------------------------------
The Arbitration Court of Krasnodar will convene on July 12 to
hear the bankruptcy supervision procedure on LLC Risovyj.  The
case is docketed under Case No. A32-597/2007-2/26-6.

The Insolvency Manager is:

         R. Khagundokov
         Post User Box 15
         Krasnooktyabrskaya Str. 20
         Maykop
         385000 Adygeya
         Russia

The Court is located at:

         The Arbitration Court of Krasnodar
         Staroderevenkovskaya St.
         Krasnodar
         Russia

The Debtor can be reached at:

         LLC Risovyj
         Slavyansk-na-Kubani
         Krasnodar
         Russia


STROY-TRANS OJSC: Creditors Must File Claims by May 7
-----------------------------------------------------
Creditors of OJSC Stroy-Trans have until May 7 to submit proofs
of claim to:

         L. Bychkova
         Temporary Insolvency Manager
         Rakhmaninova Str. 1
         440066 Penza
         Russia

The Arbitration Court of Samara commenced bankruptcy supervision
procedure on the company.  The case is docketed under Case No.
A55-18791/2006-38.

The Court is located at:

         The Arbitration Court of Samara
         Avrory Str. 148
         Samara
         Russia

The Debtor can be reached at:

         OJSC Stroy-Trans
         Zavodskoy
         Syzran
         Samara
         Russia


TVER-BESSER CJSC: Creditors Must File Claims by May 7
-----------------------------------------------------
Creditors of CJSC CJSC Tver-Besser have until May 7 to submit
proofs of claim to:

         A. Maltabar
         Temporary Insolvency Manager
         Post User Box 619
         170006 Tver
         Russia

The Arbitration Court of Tver commenced bankruptcy supervision
procedure on the company.  The case is docketed under Case No.
A66-391/2007.

The Court is located at:

         The Arbitration Court of Tver
         Room 7
         Sovetskaya Str. 23b
         Tver
         Russia

The Debtor can be reached at:

         CJSC Tver-Besser
         Krasnye Gorki Str. 1
         Tver
         Russia


VNUKOVSKAYA POULTRY: Creditors Must File Claims by May 7
--------------------------------------------------------
Creditors of CJSC Vnukovskaya Poultry Farm have until May 7 to
submit proofs of claim to:

         I. Gorn
         Insolvency Manager
         Post User Box 183
         127018 Moscow
         Russia

The Arbitration Court of Moscow commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A41-K2-25155/06.

The Court is located at:

         The Arbitration Court of Moscow
         Novaya Basmannaya Str. 10
         Moscow
         Russia

The Debtor can be reached at:

         CJSC Vnukovskaya Poultry Farm
         Vnukovskaya Str.
         Dmitrov
         Moscow
         Russia


YUKOS OIL: Auctioneer Gets Zero Bids for Eight Non-Core Assets
--------------------------------------------------------------
The Russian Federal Property Fund received no applications for
the assets of bankrupt OAO Yukos Oil Co.'s Lot 6, which was
scheduled for auction on April 20, Interfax reports.

The bidding deadline expired on April 18.

Interfax says the lot, which carried a RUR3.12 million starting
price and a RUR31,000 bid increment, is comprised of Yukos'
eight non-core assets:

   -- 86.61% stake in the ES financial and industrial group
   -- 100% stake in Yukos-Invest investment company
   -- 100% stake in Ordaliya 2000
   -- 90.7% stake in Rus
   -- 100% stake in the Granit private security company
   -- 100% stake in Corporate Security Service
   -- 100% stake in Audit and Balance Sheets company
   -- 100% in FTT Service

Four out of 14 lots have been auctioned to date.  These include:

Lot                                                Winning Bid
No.          Assets              Auction Winner     (in RUR)
---  ------------------------    --------------   -------------
1    9.44% in Rosneft            Rosneft through  197.8 billion
      12 Yuganskneftegaz          RN-Razvitiye
        promissory notes

2    20% in Gazprom Neft         EniNeftegaz for  151.5 billion
      100% in OAO Arcticgaz       Gazprom
      100% in ZAO Urengoil
      19 other assets

4    100% in ZAO Energy          Monte-Valle        3.5 billion
        Service Co.
      100% in ESKOM- EnergoTrade
      25.73% in Belgorodenergo
      25.15% in Tambovenergo
      25.15% in Tambov Energy
        Sales Company
      25.15% in Tambov Trunk
        Grid Company
      25% in Belgorod Trunk
        Grid Company
      25% in Belgorod Sales
        Company
      25% in Corporate Service
        Systems
      3.18% in Territorial
        Generation Company
        No. 4

5    energy assets in the        Rosneft through   1.03 billion
        Tambov and Belgorod       Neft-Aktiv
        regions

The auction for Lot No. 3, which comprised of Yukos' research
and development assets, was called off due to a lack of bids.
Interfax relates the assets will be grouped together with Lot
No. 14, which will be sold next month.

                         About Yukos Oil

Headquartered in Moscow, Yukos Oil -- http://yukos.com/-- is an
open joint stock company existing under the laws of the Russian
Federation.  Yukos is involved in energy industry substantially
through its ownership of its various subsidiaries, which own or
are otherwise entitled to enjoy certain rights to oil and gas
production, refining and marketing assets.

The Company filed for Chapter 11 protection on Dec. 14, 2004
(Bankr. S.D. Tex. Case No. 04-47742), but the case was dismissed
on Feb. 24, 2005, by the Hon. Letitia Z. Clark.  A few days
later, the Russian Government sold its main production unit
Yugansk to a little-known firm Baikalfinansgroup for US$9.35
billion, as payment for US$27.5 billion in tax arrears for 2000-
2003.  Yugansk eventually was bought by state-owned Rosneft,
which is now claiming more than US$12 billion from Yukos.

On March 10, 2006, a 14-bank consortium led by Societe Generale
filed a bankruptcy suit in the Moscow Arbitration Court in an
attempt to recover the remainder of a US$1 billion debt under
outstanding loan agreements.  The banks, however, sold the claim
to Rosneft, prompting the Court to replace them with the state-
owned oil company as plaintiff.

On April 13, 2006, court-appointed external manager Eduard
Rebgun filed a chapter 15 petition in the U.S. Bankruptcy Court
for the Southern District of New York (Bankr. S.D.N.Y. Case No.
06-0775), in an attempt to halt the sale of Yukos' 53.7%
ownership interest in Lithuanian AB Mazeikiu Nafta.

On May 26, 2006, Yukos signed a US$1.49 billion Share Sale and
Purchase Agreement with PKN Orlen S.A., Poland's largest oil
refiner, for its Mazeikiu ownership stake.  The move was made a
day after the Manhattan Court lifted an order barring Yukos from
selling its controlling stake in the Lithuanian oil refinery.

On Aug. 1, 2006, the Hon. Pavel Markov of the Moscow Arbitration
Court upheld creditors' vote to liquidate OAO Yukos Oil Co. and
declared what was once Russia's biggest oil firm bankrupt.


YUKOS OIL: Samaraneftegaz Unit Eyes Restructuring
-------------------------------------------------
Samaraneftegaz, a wholly owned subsidiary of OAO Yukos Oil Co.
plans to restructure its operations, Interfax reports citing
company spokesperson Natalia Sycheva as saying.

Interfax says the company aims to set up three branches in the
north, east and south of Samara region, which will work
independently from the head office in Samara.  The restructuring
will see units in Sukhodol, Neftegorsk and Otradnoye and will be
carried out to optimize on-site work by the company, Interfax
relates.

According to Ms. Sycheva, the company had a similar scheme a few
years back until its owner decided to centralize management in
2000.

As reported in the Troubled Company Reporter-Europe on April 11,
Samaraneftegaz will be auctioned on May 10 along with Yukos' oil
refineries comprising of Kuibyshevsky, Novokuibyshevsky, and
Syzransky, and other assets, as part of Yukos' liquidation
process.

Ms. Sycheva said the restructuring process is not related to the
upcoming auction.  If the new owner approves the plan, it will
be implemented in 2008, Interfax relates.

The block will carry a RUR154.9 billion or US$6 billion starting
price with a RUR260 million increment.  Bidding deadline for the
block is set at May 7.

                         About Yukos Oil

Headquartered in Moscow, Yukos Oil -- http://yukos.com/-- is an
open joint stock company existing under the laws of the Russian
Federation.  Yukos is involved in energy industry substantially
through its ownership of its various subsidiaries, which own or
are otherwise entitled to enjoy certain rights to oil and gas
production, refining and marketing assets.

The Company filed for Chapter 11 protection on Dec. 14, 2004
(Bankr. S.D. Tex. Case No. 04-47742), but the case was dismissed
on Feb. 24, 2005, by the Hon. Letitia Z. Clark.  A few days
later, the Russian Government sold its main production unit
Yugansk to a little-known firm Baikalfinansgroup for US$9.35
billion, as payment for US$27.5 billion in tax arrears for 2000-
2003.  Yugansk eventually was bought by state-owned Rosneft,
which is now claiming more than US$12 billion from Yukos.

On March 10, 2006, a 14-bank consortium led by Societe Generale
filed a bankruptcy suit in the Moscow Arbitration Court in an
attempt to recover the remainder of a US$1 billion debt under
outstanding loan agreements.  The banks, however, sold the claim
to Rosneft, prompting the Court to replace them with the state-
owned oil company as plaintiff.

On April 13, 2006, court-appointed external manager Eduard
Rebgun filed a chapter 15 petition in the U.S. Bankruptcy Court
for the Southern District of New York (Bankr. S.D.N.Y. Case No.
06-0775), in an attempt to halt the sale of Yukos' 53.7%
ownership interest in Lithuanian AB Mazeikiu Nafta.

On May 26, 2006, Yukos signed a US$1.49 billion Share Sale and
Purchase Agreement with PKN Orlen S.A., Poland's largest oil
refiner, for its Mazeikiu ownership stake.  The move was made a
day after the Manhattan Court lifted an order barring Yukos from
selling its controlling stake in the Lithuanian oil refinery.

On Aug. 1, 2006, the Hon. Pavel Markov of the Moscow Arbitration
Court upheld creditors' vote to liquidate OAO Yukos Oil Co. and
declared what was once Russia's biggest oil firm bankrupt.


=========
S P A I N
=========


ALLIANCE ATLANTIS: Canadian Regulator Clears CanWest Takeover
-------------------------------------------------------------
Alliance Atlantis Communications Inc. and CanWest Global
Communications Corp. disclosed that the Plan of Arrangement
pursuant to which AA Acquisition Corp. would acquire all of the
outstanding shares of Alliance Atlantis for US$53.00 cash per
share has cleared Canadian Competition Bureau review.

                      About CanWest Global

CanWest Global Communications Corp. owns Global Television
Network, and holds substantial interests in Canada's largest
publisher of daily newspapers, and conventional television, out-
of-home advertising, specialty cable channels, web sites and
radio stations and networks in Canada, New Zealand, Australia,
Turkey, Singapore, the United Kingdom and the United States.

                     About Alliance Atlantis

Headquartered in Toronto, Canada, Alliance Atlantis
Communications Inc. -- http://www.allianceatlantis.com/-- is a
specialty channel broadcaster with a 50% ownership interest in
the CSI TV franchise.  The company has worldwide offices in the
United Kingdom, Spain and Australia.

                         *     *     *

In January 2007, Standard & Poor's Ratings Services reported
that the ratings on Alliance Atlantis Communications Inc.,
including the 'BB' long-term corporate credit rating, remain on
CreditWatch.  The implications, however, have been revised to
negative from developing.  The ratings were first placed on
CreditWatch with developing implications Dec. 20, 2006, after
Alliance Atlantis' disclosure that it is exploring strategic
alternatives, namely the possible sale of the entire company.

At the same time Moody's Investors Service placed the Ba2
Corporate Family, Ba1 Senior Secured and Ba3 Probability of
Default ratings of Alliance Atlantis Communications Inc. under
review for possible downgrade.


AUCTENTIA SLU: Chapter 15 Petition Summary
------------------------------------------
Petitioners: Javier Diaz Galvez
             Benito Aguera Marin

Debtor: Auctentia, S.L.U.
        Madrid, Spain

Case No.: 07-11173

Type of Business: The Debtor's affiliate, Afinsa Bienes
Tangibles,
                  S.A., filed for Chapter 11 protection on
                  March 13, 2007 (Bankr. S.D.N.Y. Case No.
                  07-10675).

Chapter 15 Petition Date: April 24, 2007

Court: Southern District of New York (Manhattan)

Petitioner's Counsel: Thomas L. Kent, Esq.
                      Paul, Hastings, Janofsky & Walker LLP
                      75 East 55th Street
                      New York, NY 10022
                      Tel: (212) 318-6060
                      Fax: (212) 230-7899

Estimated Assets: US$1 Million to US$100 Million

Estimated Debts:  US$1 Million to US$100 Million


=====================
S W I T Z E R L A N D
=====================


BASIFA VERWALTUNGS: Zug Court Starts Bankruptcy Proceedings
-----------------------------------------------------------
The Bankruptcy Court of Zug commenced bankruptcy proceedings
against JSC Basifa Verwaltungs on March 27.

The Bankruptcy Service of Zug can be reached at:

         Bankruptcy Service of Zug
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC Basifa Verwaltungs
         Hofstrasse 1a
         6300 Zug
         Switzerland


CONTECTA CONSULTING: Creditors' Liquidation Claims Due May 10
-------------------------------------------------------------
Creditors of LLC Contecta Consulting have until May 10 to submit
their claims to:

         JSC Treuhand von Flue
         Liquidator
         Baarerstrasse 95
         6300 Zug
         Switzerland

The Debtor can be reached at:

         LLC Contecta Consulting
         Zug
         Switzerland


EBERHARD BAUER: Creditors' Liquidation Claims Due May 11
--------------------------------------------------------
Creditors of JSC Eberhard Bauer International have until May 11
to submit their claims to:

         Jurg Wehrli
         Liquidator
         JSC Convisa & Wehrli
         Sternmattstrasse 12a
         6005 Lucerne
         Switzerland

The Debtor can be reached at:

         JSC Eberhard Bauer International
         Risch
         Zug
         Switzerland


ERP CONSULTING: Creditors' Liquidation Claims Due May 11
--------------------------------------------------------
Creditors of LLC Erp consulting have until May 11 to submit
their claims to:

         Dominik Meli
         Liquidator
         Holengartenstrasse 61
         9302 Kronbuhl
         Switzerland

The Debtor can be reached at:

         LLC Erp consulting
         St. Gallen
         Switzerland


HOBLA CATERING: Basel Court Starts Bankruptcy Proceedings
---------------------------------------------------------
The Bankruptcy Court of Sissach in Basel commenced bankruptcy
proceedings against LLC Hobla Catering on March 29.

The Bankruptcy Service of Sissach can be reached at:

         Bankruptcy Service of Sissach
         4450 Sissach BL
         Switzerland

The Debtor can be reached at:

         LLC Hobla Catering
         Gewerbestrasse 100
         4450 Sissach BL
         Switzerland


KARDIALE REHABILITATION: Liquidation Claims Due May 10
------------------------------------------------------
Creditors of JSC Kardiale Rehabilitation und Trainingstherapie
Berner Oberland have until May 10 to submit their claims to:

         Dr. Ueli Ingold
         Liquidator
         Obere Bonigstrasse 4
         3800 Interlaken BE
         Switzerland

The Debtor can be reached at:

         JSC Kardiale Rehabilitation und Trainingstherapie
         Berner Oberland
         Interlaken BE
         Switzerland


KASPAR WEBER: Creditors' Liquidation Claims Due May 21
------------------------------------------------------
Creditors of JSC Kaspar Weber Holzbau have until May 21 to
submit their claims to:

         JSC Alfina Treuhand
         Liquidator
         Rathausgasse 10
         7250 Klosters GR
         Switzerland

The Debtor can be reached at:

         JSC Kaspar Weber Holzbau
         Klosters-Serneus
         Prattigau/Davos GR
         Switzerland


LUDEUG LLC: Creditors' Liquidation Claims Due May 11
----------------------------------------------------
Creditors of LLC Ludeug have until May 11 to submit their claims
to:

         JSC Tharpex
         Liquidator
         Untermuli 7
         6302 Zug
         Switzerland

The Debtor can be reached at:

         LLC Ludeug
         Zug
         Switzerland


MARFRA JSC: Creditors' Liquidation Claims Due May 18
----------------------------------------------------
Creditors of JSC Marfra have until May 18 to submit their claims
to:

         Marie-Josee Cogniat-Franchini
         Liquidator
         Jeannerets 44
         2400 Le Locle NE
         Switzerland

The Debtor can be reached at:

         JSC Marfra
         Le Locle NE
         Switzerland


NASHORN LLC: Aargau Court Starts Bankruptcy Proceedings
-------------------------------------------------------
The Bankruptcy Court of Aargau commenced bankruptcy proceedings
against LLC Nashorn on March 28.

The Bankruptcy Service of Aargau can be reached at:

         Bankruptcy Service of Aargau
         Office Brugg
         5201 Brugg AG
         Switzerland

The Debtor can be reached at:

         LLC Nashorn
         Kasistrasse 4
         5244 Birrhard
         Brugg AG
         Switzerland


RIGI CONTAINER: Creditors' Liquidation Claims Due May 11
--------------------------------------------------------
Creditors of JSC Rigi Container have until May 11 to submit
their claims to:

         Heinz Hegglin
         Liquidator
         Rehmatt 7
         6332 Hagendorn
         Switzerland

The Debtor can be reached at:

         JSC Rigi Container
         Cham ZG
         Switzerland


SONJA BERGLAS: Creditors' Liquidation Claims Due May 7
------------------------------------------------------
Creditors of LLC Sonja Berglas have until May 7 to submit their
claims to:

         Mooswiesenstr. 19
         8598 Bottighofen
         Kreuzlingen TG
         Switzerland

The Debtor can be reached at:

         LLC Sonja Berglas
         Bottighofen
         Kreuzlingen TG
         Switzerland


SWISS COMMODITY: Creditors' Liquidation Claims Due May 10
---------------------------------------------------------
Creditors of LLC Swiss Commodity Trading SARL have until May 10
to submit their claims to:

         JSC Fiduciaire Investissa
         Liquidator
         Allobroges 5
         1227 Carouge GE
         Switzerland

The Debtor can be reached at:

         LLC Swiss Commodity Trading SARL
         Geneva
         Switzerland


THE EUROPEAN STUDENT: Creditors' Liquidation Claims Due May 15
--------------------------------------------------------------
Creditors of LLC The european student travel company have until
May 15 to submit their claims to:

         Buhler Martin
         Liquidator
         Hauptstrasse 36
         3800 Matten bei Interlaken
         Interlaken BE
         Switzerland

The Debtor can be reached at:

         LLC The european student travel company
         Matten bei Interlaken
         Interlaken BE
         Switzerland


ZALBA LLC: Creditors' Liquidation Claims Due May 31
---------------------------------------------------
Creditors of LLC Zalba have until May 31 to submit their claims
to:

         Guilfoyle Mark
         Liquidator
         Cunzstrasse 17
         9016 St. Gallen
         Switzerland

The Debtor can be reached at:

         LLC Zalba
         Gossau SG
         Switzerland


=============
U K R A I N E
=============


CAT LLC: Claims Registration Bar Date Set May 4
-----------------------------------------------
Creditors of LLC Cat (code EDRPOU 24720453) have until May 4 to
submit written proofs of claim to:

         State Tax Inspection in Sviatoshyn of Kiev
         Liquidator
         Verhovinnaya Str. 9
         03115 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as Case No. 15/820-b.

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy Boulevard 44-B
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Cat
         Zhmerinka Str. 1-A
         03148 Kiev
         Ukraine


DARIYA & K: Claims Registration Bar Date Set May 4
--------------------------------------------------
Creditors of LLC Dariya & K (code EDRPOU 32252446) have until
May 4 to submit written proofs of claim to:

         State Tax Inspection in Sviatoshyn of Kiev
         Liquidator
         Verhovinnaya Str. 9
         03115 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as Case No. 15/14-b.

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy Boulevard 44-B
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Dariya & K
         Pobeda Avenue 87
         03115 Kiev
         Ukraine


EUROTECH LLC: Claims Registration Bar Date Set May 4
----------------------------------------------------
Creditors of LLC Eurotech (code EDRPOU 31873721) have until
May 4 to submit written proofs of claim to:

         State Tax Inspection in Sviatoshyn of Kiev
         Liquidator
         Verhovinnaya Str. 9
         03115 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as Case No. 15/87-b.

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy Boulevard 44-B
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Eurotech
         General Naumov Str. 23-B
         03164 Kiev
         Ukraine


GAMA TRADE: Claims Registration Bar Date Set May 4
--------------------------------------------------
Creditors of LLC Gama Trade (code EDRPOU 24378329) have until
May 4 to submit written proofs of claim to:

         State Tax Inspection in Sviatoshyn of Kiev
         Liquidator
         Verhovinnaya Str. 9
         03115 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as Case No. 15/819-b.

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy Boulevard 44-B
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Gama Trade
         Simirenko Str. 1-B
         03134 Kiev
         Ukraine


GLUKHOV BUTTER: Creditors Must File Claims by May 2
---------------------------------------------------
Creditors of OJSC Glukhov Butter and Cheese Plant (code EDRPOU
23995876) have until May 2 to submit written proofs of claim to:

         Eugene Chuprun
         Temporary Insolvency Manager
         Petropavlovskaya Str. 74
         Sumy
         Ukraine

The Economic Court of Sumy commenced bankruptcy supervision
procedure on the company on March 20.  The case is docketed as
Case No. 8/615-06.

The Court is located at:

         The Economic Court of Sumy
         Shevchenko Avenue 18/1
         40030 Sumy
         Ukraine

The Debtor can be reached at:

         OJSC Glukhov Butter and Cheese Plant
         Subsidiary Company Milk
         Gagarin Str. 1
         Shostka
         41100 Sumy
         Ukraine


NIVA LLC: Creditors Must File Claims by May 2
---------------------------------------------
Creditors of LLC Niva (code EDRPOU 03743084) have until May 2 to
submit written proofs of claim to:

         Rostislav Talan
         Temporary Insolvency Manager
         a/b 158
         49000 Dnipropetrovsk
         Ukraine

The Economic Court of Dnipropetrovsk commenced bankruptcy
supervision procedure on the company.  The case is docketed as
Case No. B 26/30-07.

The Court is located at:

         The Economic Court of Dnipropetrovsk
         Kujbishev Str. 1a
         49600 Dnipropetrovsk
         Ukraine

The Debtor can be reached at:

         LLC Niva
         Verhniednieprovsk District Borovkovka
         Dnipropetrovsk
         Ukraine

REGISTER-SYSTEM L: Claims Registration Bar Date Set May 4
---------------------------------------------------------
Creditors of LLC Register-System L (code EDRPOU 31814201) have
until May 4 to submit written proofs of claim to:

         State Tax Inspection in Sviatoshyn of Kiev
         Liquidator
         Verhovinnaya Str. 9
         03115 Kiev
         Ukraine

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy Boulevard 44-B
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Register-System L
         General Naumov Str. 23-B
         03164 Kiev
         Ukraine


RESTORATION 2001: Claims Registration Bar Date Set May 4
--------------------------------------------------------
Creditors of LLC Restoration 2001 (Code EDRPOU 31625403) have
until May 4 to submit written proofs of claim to:

         State Tax Inspection in Sviatoshyn of Kiev
         Liquidator
         Verhovinnaya Str. 9
         03115 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as Case No. 15/12-b.

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy Boulevard 44-B
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Restoration 2001
         Gnat Jury Str. 9
         03148 Kiev
         Ukraine


UKRAINE LLC: Claims Registration Deadline Set May 2
---------------------------------------------------
Creditors of Agricultural LLC Ukraine (code EDRPOU 03773889)
have until May 2 to submit written proofs of claim to:

         Alexander Tereschenko
         Liquidator
         Independency Square 1-B
         36003 Poltava
         Ukraine

The Economic Court of Poltava commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as Case No. 7/157.

The Court is located at:

         The Economic Court of Poltava
         Zigin Str. 1
         36000 Poltava
         Ukraine

The Debtor can be reached at:

         Agricultural LLC Ukraine
         Cherevki
         Mirgorod District
         37631 Poltava
         Ukraine


UKRAINIAN CORRUGATION: Claims Registration Bar Date Set May 4
-------------------------------------------------------------
Creditors of LLC Ukrainian Corrugation Pack (code EDRPOU
30433624) have until May 4 to submit written proofs of claim to:

         State Tax Inspection in Sviatoshyn of Kiev
         Liquidator
         Verhovinnaya Str. 9
         03115 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed as Case No. 15/88-b.

The Court is located at:

         The Economic Court of Kiev
         B. Hmelnitskiy Boulevard 44-B
         01030 Kiev
         Ukraine

The Debtor can be reached at:

         LLC Ukrainian Corrugation Pack
         Romen Rolan Str. 4
         03164 Kiev
         Ukraine


VISHNEVCHIK LLC: Creditors Must File Claims by May 2
----------------------------------------------------
Creditors of Vishnevchik LLC (code EDRPOU 03787222) have until
May 2 to submit written proofs of claim to:

         I. Gerasimenko
         Temporary Insolvency Manager
         Mir Str. 8
         Kamianets-Podolsky
         Hmelnitskiy
         Ukraine

The Economic Court of Hmelnitskiy commenced bankruptcy
supervision procedure on the company.  The case is docketed as
Case No. 2/59-B.

The Court is located at:

         The Economic Court of Hmelnitskiy
         Nezalezhnosti Square 1
         29000 Hmelnitskiy
         Ukraine

The Debtor can be reached at:

         Vishnevchik LLC
         Chkalov Str. 14
         Vishnevchik
         Chemerovetsky District
         31623 Hmelnitskiy
         Ukraine


===========================
U N I T E D   K I N G D O M
===========================


[Redacted]


A CLASS: Calls In Liquidators from Gerald Edelman
-------------------------------------------------
Bernard Hoffman and Ian Yerrill of Gerald Edelman Business
Recovery were appointed joint liquidators of A Class
Fabrications Ltd. on April 12 for the creditors' voluntary
winding-up procedure.

Gerald Edelman -- http://www.geraldedelman.com/-- offers
services that include auditing, business development, business
recovery, company registration, corporate finance, independent
financial planning, litigation support services, IT solutions,
taxation, and trusts.

The company can be reached at:

         A Class Fabrications Ltd.
         16 Saville Road Industrial Estate
         Peterborough
         PE3 7PR
         England
         Tel: 01733 260 099
         Fax: 01733 260 099


ADVANCED DATABASE: Taps M. S. E. Solomons to Liquidate Assets
-------------------------------------------------------------
M. S. E. Solomons of SPW Poppleton & Appleby was appointed
liquidator of Advanced Database Solutions Ltd. on April 12 for
the creditors' voluntary winding-up procedure.

The company can be reached at:

         Advanced Database Solutions Ltd.
         Crown House
         North Circular Road
         Ealing
         London
         NW10 7PN
         Tel: 0845 022 3022


ADVANCED MARKETING: Wants to Sell U.K. Subsidiaries and Bookwise
----------------------------------------------------------------
Advanced Marketing Services Inc. and its debtor-affiliates have
asked the United States Bankruptcy Court for the District of
Delaware to allow the Debtor's entry into, and performance
under, two separate Stock Purchase Agreements dated April 5
with:

    (1) Medwyn Lloyd Hughes and Catherine Elizabeth Goodman,
        under which Mr. Hughes and Ms. Goodman will acquire from
        AMS all of the outstanding shares of capital stock, and
        Certain selected inventory, of Publishers Group U.K.
        Ltd., and H.I. Marketing Ltd. -- AMS's wholly
        owned subsidiaries under the laws of the United
        Kingdom; and

    (2) Brumby Books Holdings Pty Ltd, under which Brumby will
        acquire from AMS all of the outstanding shares of
        capital stock, and certain selected inventory, of AMS's
        wholly owned subsidiaries (a) Bookwise International Pty
        Ltd, based in Australia, and (b) Bookwise Asia Pte Ltd.,
        Based in Singapore.

The Debtors ask the Court to determine that the sale and
transfer of the Shares and the Selected APG Inventory are free
and clear of Liens.  The Debtors also ask the Court to approve
the form and manner of the notices of the Sales.

According to Mark D. Collins, Esq., at Richards, Layton &
Finger, P.A., in Wilmington, Delaware, the Buyers have agreed to
participate in an auction for the Companies and the Selected APG
Inventories, subject to bid procedures provided for in the
Purchase Agreements, and the receipt of higher and better offers
before 5:00 EDT on April 20.

Mr. Collins relates that Mr. Hughes and Ms. Goodman founded HI
Marketing in 1992, and were appointed managers of Publishers
U.K. after the acquisition of HI Marketing by AMS in 2002.  Mr.
Hughes and Ms. Goodman have significant duties with and at the
U.K. Companies, including day-to day operations, strategic
planning, sales and marketing, and creating and maintaining
relationships with vendors.

Brumby, on the other hand, operates in the wholesale book
distribution business for Australian and international
customers.  Brumby represents over 150 publishers, most of which
are represented in Australia on an exclusive basis.  Brumby's
primary focus is on the representation of quality medium-sized
publishers who do not have their own distribution networks in
Australia.

Mr. Collins asserts that Mr. Hughes and Ms. Goodman are well
qualified to purchase the Shares and to operate the U.K.
Companies going forward -- thereby increasing the chances that
the Companies will be successful and profitable in the future --
because of their strong ties with the U.K. Companies.  On the
other hand, the Debtors believe that Brumby's expertise and
reputation in the industry make it a desirable purchaser of
Bookwise and the Selected APG Inventory, as it is well suited to
assume Bookwise's operations and incorporate them into its
current business model.

Mr. Collins notes that although Mr. Hughes and Ms. Goodman have
long been associated with management at the U.K. Companies, they
have little relationship with the Debtors directly.  The Debtors
are informed, among other things, that Mr. Hughes and Ms.
Goodman own no stock in the Debtors, and the U.K. Companies
maintain their own books and records.

Mr. Collins notes that each of the Purchase Agreements, subject
to Court approval, contemplates these transactions:

    (a) AMS will sell, transfer, convey, assign and deliver to
        the Buyers, and the Buyers will purchase, acquire and
        accept from AMS, all of the Shares and the Selected APG
        Inventory free and clear of all liens, claims,
        encumbrances, mortgages, security interests, pledges,
        equities and other restrictions or charges of any kind
        or nature whatsoever, including all "interests" as the
        term is defined in Section 363(f) of the Bankruptcy
        Code;

    (b) At the date of the Closing, AMS will deliver to the
        Buyers stock certificates evidencing the Shares, duly
        Endorsed for transfer or accompanied by duly executed
        Assignment documents, and the Buyers will make the
        payment;

    (c) each Purchase Agreement provides representations and
        warranties from AMS to the Buyers, and vice versa, that
        are reasonable and customary for transactions of this
        type, including representations as to the due
        organization of the parties and their due authorization
        to enter into and perform under each of the Purchase
        Agreements; and

    (d) The Sales are an "As Is" Transaction and, if the Closing
        occurs, the Buyers will accept the Companies, the Shares
        and the Selected APG Inventory at the Closing Date "As
        Is," "Where Is" and "With All Faults," subject to the
        provisions of the Purchase Agreements and the Court's
        approval.

With respect to the U.K. Sale, the Purchase Price to be paid by
Mr. Hughes and Ms. Goodman to AMS at Closing will be the cash
sum of:

    (i) US$50,000 for the Shares; and

   (ii) US$66,325 for Selected APG Inventory, excluding any
        applicable taxes which will be borne by Buyers; and

  (iii) US$100,000 of the outstanding inter-company receivables
        owing from either of the Companies to Seller or any of
        its affiliates with respect to all inter-company trade
        receivables.

With respect to the Bookwise Sale, the Purchase Price to be paid
by Brumby to AMS at Closing will be the cash sum of:

    (i) AU$200,000 for the Shares of Bookwise International;

   (ii) US$100,000 for the Shares of Bookwise Asia;

  (iii) US$24,273 for the Selected APG Inventory; and

   (iv) US$210,000 in full settlement and satisfaction of all
        Inter-Company Obligations.

A full-text copy of the U.K. Sale's Purchase Agreement,
including its schedules and exhibits, is available for free at:

               http://researcharchives.com/t/s?1d8d

A full-text copy of the Bookwise Sale's Purchase Agreement,
including its schedules and exhibits, is available for free at:

               http://researcharchives.com/t/s?1d8e

Because the Debtors and the Buyers wish to close the proposed
Sales as soon as reasonably practicable, the Debtors ask the
Court to waive the 10-day stay required pursuant to Rule 6004(h)
of the Federal Rules of Bankruptcy Procedure to permit the Sales
to close immediately after the Court's approval of the Sales.

The Debtors believe, in an exercise of their business judgment,
that the terms of each of the Purchase Agreements and the Sales
are fair and reasonable, and that the Sales will help maximize
the value of the AMS estate for the benefit of the Debtors'
creditors, stakeholders and other parties-in-interest.

The Debtors and their professionals have marketed the Assets and
believe it is unlikely that any other purchasers of the Assets
exist, Mr. Collins explains.  Due to their past relationship
with the U.K. Companies and Bookwise, the Debtors believe that
the Buyers are almost uniquely in a position to extract value
from the Assets.  Nonetheless, the Debtors and the Buyers have
agreed to make the transactions contemplated by the Purchase
Agreements explicitly subject to higher and better offers.

                       Company's Statement

Advanced Marketing Services Inc. said in a press statement dated
April 12 that, on April 5, it entered into two separate stock
purchase agreements to sell all of the capital stock of
Publishers Group U.K. Ltd. and H.I. Marketing Ltd. to Cathy
Parson and Medwyn Hughes, and to sell all of the capital stock
of Bookwise International Pty Ltd. and Bookwise Asia Pte Ltd. to
Brumby Books Holdings Pty Ltd.  Each transaction is subject to
higher and better offers.

On April 6, AMS filed motions with the Court requesting approval
of the sale transactions under section 363 of the U.S.
Bankruptcy Code.  Following the completion of a bidding process
and an auction, if necessary, AMS anticipates that both sale
transactions will close by May 1 pursuant to the requirements of
the stock purchase agreements.

"We have dealt with Bookwise for many years and we have great
respect for its people and its publishers," commented the
Managing Director of Brumby Books.  He continued, "This
agreement with AMS, once consummated, will bring together our
two distribution businesses and will provide the scale for these
businesses to compete more effectively in the highly competitive
Australasian marketplace.  There are great similarities and
synergies between our businesses and we are excited about the
opportunities ahead."

Medwyn Hughes stated, "We are delighted to have the opportunity
to acquire Publishers Group U.K. and H.I. Marketing.  We believe
that as a private company we can deliver the service excellence
required to satisfy both our client publishers and customers."
"We would like to thank all the publishers for their support
over the last few months.  This is an opportunity for us to take
the company back to its roots," added Cathy Parson.

AMS previously entered into purchase agreements with Baker &
Taylor Inc., for the sale of the majority of AMS's assets, and
with Perseus Books, L.L.C. for the sale of certain assets of its
debtor subsidiary Publishers Group West Inc.; both of these
prior sales were approved by the Bankruptcy Court and have
closed.

As previously announced, in connection with the pending Chapter
11 proceeding, AMS does not anticipate that any payments will be
made with respect to outstanding shares of AMS's common stock.

               About Cathy Parson and Medwyn Hughes

Cathy Parson and Medwyn Hughes have worked together in the book
distribution business for over 25 years.  In 1992 they founded
H.I. Marketing Ltd. and, prior to selling to AMS in 2002, had
developed it into one of the premier sales and marketing
agencies in the United Kingdom.  They currently manage
Publishers Group U.K. in the respective roles of Commercial
Director and Divisional Director.

                       About Brumby Books

Brumby Books was founded in the mid 1980's and has operated on a
consistently profitable basis since then.  It was purchased by
its current owners in 2004 whose strategy has been to grow
organically and to acquire similarly positioned distribution
businesses where consolidation opportunities exist.  The company
is privately owned and is headquartered near Melbourne.

                About Advanced Marketing Services

Based in San Diego, California, Advanced Marketing Services Inc.
-- http://www.advmkt.com/-- provides customized merchandising,
wholesaling, distribution and publishing services, currently
primarily to the book industry.  The company has operations in
the U.S., Mexico, the United Kingdom, and Australia and employs
around 1,200 people worldwide.

The company and its two affiliates, Publishers Group
Incorporated and Publishers Group West Incorporated filed for
chapter 11 protection on Dec. 29, 2006 (Bankr. D. Del. Case Nos.
06-11480 through 06-11482).  Suzzanne S. Uhland, Esq., Austin K.
Barron, Esq., Alexandra B. Feldman, Esq., O'Melveny & Myers,
LLP, represent the Debtors as Lead Counsel.  Chun I. Jang, Esq.,
Mark D. Collins, Esq., and Paul Noble Heath, Esq., at Richards,
Layton & Finger, P.A., represent the Debtors as Local Counsel.
Lowenstein Sandler PC represents the Official Committee of
Unsecured Creditors.  When the Debtors filed for protection from
their creditors, they listed estimated assets and debts of more
than US$100 million.  The Debtors' exclusive period to file a
chapter 11 plan expires on April 28, 2007. (Advanced Marketing
Bankruptcy News, Issue No. 10; Bankruptcy Creditors' Service
Inc., http://bankrupt.com/newsstand/or 215/945-7000).


ARMOR HOLDINGS: Earns US$36 Million for First Quarter 2007
----------------------------------------------------------
Armor Holdings Inc. released its financial results for the first
quarter ended March 31, 2007.

Armor Holdings posted US$36 million in net profit on
US$889.2 million in net revenues for the first quarter of 2006,
compared with US$41.4 million in net profit on US$445.4 million
in net revenues for the same period in 2006.

Current quarter results include a long-term performance based
compensation charge related to a long-term performance based
award approved by our Board of Directors in the first half of
2005.

"Our business continues to expand, as the first quarter
financial results indicate better than anticipated sales and
earnings were driven primarily by outperformance from our ground
vehicle armoring operations, which benefited from the ongoing
demand for armor components, supplemental equipment and spare
parts for the military tactical truck fleet," said Robert R.
Schiller, President & COO.  "Additionally, our OEM truck
business continued to achieve targeted rates of production, and
we received significant awards in each product category of our
soldier equipment business."

                     2007 Financial Guidance

The Company reiterates anticipated fiscal 2007 financial
performance:

   -- revenues of US$3.4 billion to US$3.6 billion; and

   -- 2007 free cash flow of around US$100 million, which
      excludes around US$20 million from the long-term
      performance based compensation award and includes US$100
      million to US$120 million of capital expenditures for
      expansion of medium vehicle capacity and a ramp up of
      capability to implement LTAS for the FMTV, expanded
      ballistic materials manufacturing capability and
      additional capacity for production of the M1151/52 and
      certain soldier equipage products.

The Company is revising fiscal 2007 earnings per share guidance,
to include the impact of the long-term performance based
compensation charge previously discussed:

   -- fully diluted earnings per share of US$4.29 to US$4.69,
      which reflects an estimated long-term performance based
      compensation charge of US$0.51 for the full year.

      Excluding this charge, the Company's full year guidance
      would have been unchanged from the previously provided
      range of US$4.80 to US$5.20; and

   -- second quarter 2007 diluted earnings per share of US$0.73
      to US$0.78, which includes an estimated US$0.15 after tax
      charge for the long-term compensation award as previously
      explained.  Excluding this charge, the Company's second
      quarter guidance would have been US$0.88 to US$0.93.

                      About Armor Holdings

Headquartered in Jacksonville, Florida, Armor Holdings Inc. --
http://www.armorholdings.com/-- manufactures and distributes
security products and vehicle armor systems for the law
enforcement, military, homeland security, and commercial
markets.  The company has operations in Australia, England and
Brazil.

                          *     *     *

In connection with Moody's Investors Service's implementation of
its new Probability-of-Default and Loss-Given-Default rating
methodology, the rating agency confirmed its Ba3 Corporate
Family Rating for Armor Holdings Inc.  Additionally, Moody's
affirmed its B1 ratings on the company's 2% Convertible Senior
Subordinated Notes Due 2024 and 8.25% Senior Subordinated Notes
Due 2013.  Moody's assigned those debentures an LGD5 rating
suggesting noteholders will experience a 77% loss in the event
of default.


ARMOR HOLDINGS: Gets US$41.7MM Deal for Medium Tactical Vehicles
----------------------------------------------------------------
Armor Holdings, Inc., has received a US$41.7 million order from
the U.S. Army Tank-automotive and Armaments Command -- TACOM
-- for production of High Mobility Artillery Rocket System re-
supply vehicles and launcher chassis.  The company advised that
the new work is under a modification to the existing multi-year
Family of Medium Tactical Vehicles -- FMTV -- production
contract with performance in 2008 by the Aerospace & Defense
Group at its facilities located in Sealy, Texas.

Robert R. Schiller, President of Armor Holdings, said, "This
award illustrates the adaptability of the FMTV platform and the
continued teamwork between Armor Holdings, the U.S. Army, and
the HIMARS prime contractor, Lockheed Martin Missiles and Fire
Control."

                      About Armor Holdings

Headquartered in Jacksonville, Florida, Armor Holdings, Inc. --
http://www.armorholdings.com/-- manufactures and distributes
security products and vehicle armor systems for the law
enforcement, military, homeland security, and commercial
markets.  The company has operations in Australia, England and
Brazil.

                          *    *    *

In connection with Moody's Investors Service's implementation of
its new Probability-of-Default and Loss-Given-Default rating
methodology, the rating agency confirmed its Ba3 Corporate
Family Rating for Armor Holdings Inc.

Additionally, Moody's affirmed its B1 ratings on the company's
2% Convertible Senior Subordinated Notes Due 2024 and 8.25%
Senior Subordinated Notes Due 2013.  Moody's assigned those
debentures an LGD5 rating suggesting noteholders will experience
a 77% loss in the event of default.


BILLAWAY FACILITIES: Brings In Liquidators from KPMG
-----------------------------------------------------
James Douglas and Ernie Money of KMPG LLP were appointed joint
liquidators of Billaway Facilities Management Ltd. on April 3
for the creditors' voluntary winding-up procedure.

KPMG LLP -- http://www.kpmg.co.uk/-- offers accounting, audit,
and tax-related services to customers in such target industries
as banking, media and entertainment, consumer products, health
care providers, insurance, and pharmaceuticals.

The joint liquidators can be reached at:

         James Douglas and Ernie Money
         KMPG LLP
         8 Salisbury Square
         London
         EC4Y 8BB
         England


BILLINGS & HATHAWAY: Joint Liquidators Take Over Operations
-----------------------------------------------------------
James Douglas and David John Crawshaw of KMPG LLP were appointed
joint liquidators of Billings & Hathaway Ltd. on April 4 for the
creditors' voluntary winding-up procedure.

KPMG LLP -- http://www.kpmg.co.uk/-- offers accounting, audit,
and tax-related services to customers in such target industries
as banking, media and entertainment, consumer products, health
care providers, insurance, and pharmaceuticals.

The joint liquidators can be reached at:

         James Douglas
         KMPG LLP
         8 Salisbury Square
         London
         EC4Y 8BB
         England

         David John Crawshaw
         KMPG LLP
         Arlington Business Park
         Theale
         Reading
         RG7 4SD
         England


BRIGHTON BOILER: Taps Liquidators from KPMG
-------------------------------------------
James Douglas and David John Crawshaw of KMPG LLP were appointed
joint liquidators of Brighton Boiler Services Ltd. on April 4
for the creditors' voluntary winding-up procedure.

KPMG LLP -- http://www.kpmg.co.uk/-- offers accounting, audit,
and tax-related services to customers in such target industries
as banking, media and entertainment, consumer products, health
care providers, insurance, and pharmaceuticals.

The joint liquidators can be reached at:

         James Douglas
         KMPG LLP
         8 Salisbury Square
         London
         EC4Y 8BB
         England

         David John Crawshaw
         KMPG LLP
         Arlington Business Park
         Theale
         Reading
         RG7 4SD
         England


BROOKS HAMMOND: Appoints Freddy Khalastchi as Liquidator
--------------------------------------------------------
Freddy Khalastchi of Harris Lipman LLP was appointed liquidator
of Brooks Hammond Ltd. on April 12 for the creditors' voluntary
winding-up procedure.

The company can be reached at:

         Brooks Hammond Ltd.
         39 Fretherne Road
         Welwyn Garden City
         AL8 6NS
         England
         Tel: 01707 339 333


CALYPSO BATHROOM: Hires Liquidator from Tomlinsons
--------------------------------------------------
A. H. Tomlinson of Tomlinsons was appointed liquidator of
Calypso Bathroom Products Ltd. on April 12 for the creditors'
voluntary winding-up proceeding.

Tomlinsons -- http://www.tomlinsons.co.uk/-- specializes in all
types of business recovery and insolvency procedures, as well as
offering advice to companies and individuals who believe they
may be heading towards, or are already in, financial difficulty.

The company can be reached at:

         Calypso Bathroom Products Ltd.
         Unit 6 Crags Bus Pk
         Morven Street
         Creswell
         Worksop
         S80 4AJ
         England
         Tel: 01909 722 844
         Fax: 01909 722 544


CASTLE HOLDCO 4: Moody's Assigns (P)B2 Corporate Family Rating
--------------------------------------------------------------
Moody's assigned a (P)B2 corporate family rating to Castle
Holdco 4 Ltd,, the holding company for Countrywide Plc.  The
outlook is stable.

On April 13, 2006, the company's shareholders approved the
acquisition of the company by Apollo Management L.P.  At the
same time, Moody's also assigned a (P)Ba2 rating to the
company's RCF, a (P)B2 to the proposed Senior Secured Notes and
a (P)Caa1 to its Senior Notes.

The (P)B2 corporate family rating reflects:

   (i) the company's market share and diversification, with its
       broad array of services which enhance the ability to
       cross-sell its products;

  (ii) its broad geographic reach within the U.K., although the
       company remains focused on the U.K. market;

(iii) its flexible cost base, notably staff costs, which are by
       far the highest proportion of operating costs; and

  (iv) the continued growth in demand for houses and longer-term
       trend in house prices over the past two decades.

The main constraints to the ratings include:

   (i) high leverage, which is expected to amount to
       approximately 6x on a pro forma basis upon completion of
       the transaction;

  (ii) cyclicality of the U.K. housing market, and the high
       levels of U.K. house prices as a multiple of average
       earnings currently;

(iii) the impact of interest rate movements on market
       confidence, as was recently seen in the company's 2005
       profits;

  (iv) the uncertainty surrounding the potential impact on
       speculative house selling by the introduction of Home
       Information Packs as of June 1, 2007.

The issuer of the notes and borrower of the Revolving Credit
facility is Castle Holdco 4 Ltd., the direct holding company for
Countrywide and its subsidiaries.  Upon completion of the
acquisition, the capital structure is expected to consist of a
GBP305.2 million equity contribution, as well as GBP470-million
Senior Secured Notes (including GBP100-million PIK-toggle
notes); GBP170-million Senior Notes; and a GBP100-million
Revolving Credit Facility.

According to Moody's LGD methodology, and based on a
Probability-of-Default Rating (PDR) of (P)B2, the RCF is
assigned a:

   -- (P)Ba2 rating (LGD1, 6%);
   -- Senior Secured Notes are rated (P)B2 (LGD4, 51%); and
   -- Senior Notes are rated (P)Caa1 (LGD6, 91%).

The company's debt structure will be entirely long-dated, with
the RCF maturing in 2013, the Senior Secured Notes in 2014 and
the Senior Notes in 2015, hence over the medium term financial
expenses will consist mainly of interest expenses.  Upon
completion of the acquisition, the company's liquidity is
expected to consist of GBP58 million in cash on hand, as well as
the GBP100 million RCF, of which GBP27 million is expected to be
drawn at close.

The outlook is stable, reflecting Moody's view that the
company's 2006 results showed a significant recovery over 2005.
The reported EBITDA margin was at 16.5% in 2006 versus 8.1% in
2005, benefiting from stronger house prices.  Moody's will focus
on the sustainability of operating margins, as well as interest
coverage and the impact of interest rate movements. On a pro
forma basis for the transaction, the EBIT/interest coverage
ratio is expected to be about 1.5x, which positions the company
in the B2 rating category while allowing some flexibility for
market cyclicality.

If the adjusted EBIT/interest coverage ratio were to reach at
least 1.8x on a sustainable basis, supported by stability in
operating margins similar to those achieved in 2006, this could
be favorable for the rating or outlook.  A marked industry
downturn resulting in the EBIT/interest ratio falling below 1.3x
on a continued basis could be negative for the ratings or
outlook.

Countrywide Plc is the leading residential property service
provider in the U.K., with services that span the entire process
of house buying and selling.  These include estate agency
services; surveying; financial services; commercial and
residential lettings and residential property conveyancing.  The
company was also the founder of Rightmove, an internet property
website, in which it retains a 21.5% stake.  In fiscal year 2006
the company reported revenues and EBITDA of GBP654 million and
GBP107.6 million, respectively.


CASTLE HOLDCO 4: S&P Junks Proposed GBP170-Million Senior Notes
---------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'B' long-term
corporate credit rating to Castle HoldCo 4, the holding company
of U.K.-based real estate services group Countrywide Plc.  The
outlook is stable.

At the same time, Standard & Poor's assigned its 'BB-' secured
debt rating to the group's proposed GBP100 million revolving
credit facility, with a recovery rating of '1', reflecting S&P's
expectation of full recovery of principal in the event of a
payment default.  The proposed GBP470-million senior secured
floating-rate notes due 2014 have been assigned a 'B' debt
rating, with a recovery rating of '4', which reflects S&P's
expectation of marginal recovery of principal in the event of a
payment default.  In addition, S&P assigned 'CCC+' debt rating
to the group's proposed GBP170-million senior notes due 2015.

The proceeds of the debt issues will be used by Castle HoldCo 4
to finance the acquisition of Countrywide.  Private-equity firm
Apollo Management owns Castle HoldCo 4.

"The ratings on Castle HoldCo 4 reflect the group's heavy
reliance on the cyclical real estate sector, its geographical
concentration risk in the U.K., and its highly leveraged capital
structure," said Standard & Poor's credit analyst
Mohammed Fayek.  "These factors are partially offset by
Countrywide's leading market position, relatively profitable and
cash-generative operations, and experienced management team."

With revenues of GBP671.6-million in 2006 and a network of more
than 1,200 branches throughout the U.K., Countrywide is the
largest estate agency group in its market. The group operates a
multi-brand estate agency and lettings business, offers
surveying and valuation services, financial products, and
conveyance services.

"Standard & Poor's expects Countrywide to benefit from current
strong market conditions and build on its well-established
network of operations," Mr. Fayek added.

S&P expects the group to continue to expand its letting
activities to make use of this sub-segment's growth, and to
retain its focus on further cross-selling activities.  The group
is also expected to finalize efforts to turn around its
conveyance business, which has been under performing in the past
couple of years.

At the 'B' rating level, S&P expects Countrywide to gradually
improve adjusted funds from operations to adjusted debt and
adjusted debt to EBITDA to about 10% and 5x, respectively.
Although the group should generate free cash flows, we do not
expect cash accumulated to lead to significant deleveraging.
This limits rating upside potential in the short term.  An
outlook revision to negative would be likely if transaction
volumes or commission rates weakened beyond expectations,
resulting in a deterioration of the credit profile from current
levels, or if leverage increased as a result of accelerated
repayment of shareholder loan notes.


CASTLESIDE DEVELOPMENTS: Taps Liquidators from RMT
--------------------------------------------------
A. A. Josephs and L. A. Farish of RMT were appointed joint
liquidators of Castleside Developments Ltd. on April 11 for the
creditors' voluntary winding-up proceeding.

The company can be reached at:

         Castleside Developments Ltd.
         Four Winds
         Wesley Terrace
         Consett
         DH8 9QB
         England
         Tel: 01207 581 259


CITEX PROFESSIONAL: Creditors Must File Claims by May 10
--------------------------------------------------------
Creditors of Citex Professional Services Ltd. have until May 10
to prove their debts by sending written statements of the
amounts they claim to be due to them from the company to:

         Ian Best
         Joint Liquidator
         Ernst & Young LLP
         One Bridewell Street
         Bristol
         BS1 2AA
         England

Ernst & Young -- http://www.ey.com/-- provides broad array of
services relating to audit and risk-related services, tax, and
transactions across all industries-from emerging growth
companies to global powerhouses-deal with a broad range of
business issues.


COLLINS & AIKMAN: Court Okays Stipulation with Williamston
----------------------------------------------------------
The Honorable Steven W. Rhodes of the U.S. Bankruptcy Court for
the Eastern District of Michigan approved the stipulation of
Collins & Aikman Corp. and its debtor-affiliates with
Williamston Products Inc.

The Debtors and Williamston Products entered into a stipulation
for the conveyance of the Debtors' rights with respect to
certain equipment and assumed products to Williamston.

As previously reported, Collins & Aikman Plastics Inc., Collins
& Aikman Corp., and Williamston Products entered into an Amended
and Restated Asset Purchase Agreement on March 23, 2007.

The Court's March 23, 2007 order approving the Purchase
Agreement require C&A Plastics to transfer to Williamston
Products certain Designated Equipment, including, among other
things, the "Intelligence System."

C&A Plastics informed Williamston Products that certain rights
with respect to the Intelligence System are subject to certain
Technology License Agreement, dated as of Dec. 20, 2001, between
and among Textron Inc., Collins and Collins & Aikman Products
Co.

The Purchase Agreement and Sale Order also require C&A Plastics
to transfer to Williamston Products certain Assumed Contracts.

In their desire to effect the proper transfers of certain rights
with respect to the Intelligence System and Assumed Contracts to
Williamston Products, the parties agreed to these terms:

   (a) within five business days after Closing, Collins, C&A
       Products, and Williamston Products will enter into a sub-
       license agreement satisfactory to Williamston Products in
       its sole discretion that will convey to Williamston
       Products the economic value that it bargained for under
       the Purchase Agreement relating to the Intelligence
       System;

   (b) the Debtors will use their best effort to resolve issues
       relating to the License Agreement and the Intelligence
       System so as to maintain Williamston Products' rights
       under the Sub-License;

   (c) the Debtors will give Williamston Products 10 days'
       advance written notice of their intention to transfer,
       amend, terminate, assign or take any action in respect of
       the License Agreement or the Intelligence System;

   (d) in the event that (i) Williamston Products does not
       receive, for any reason, under the Sub-License the
       economic value that it bargained for under the Purchase
       Agreement relating to the Intelligence System, or (ii)
       the Debtors or any of their successors, including any
       trustee or examiner, transfer, terminate, amend, assign
       or take any other action in respect of the License
       Agreement that adversely affects Williamston Products'
       rights under the Sub-License, Williamston Products will
       be entitled to seek to recover from the Debtors' estates
       the amount necessary for Williamston Products to receive
       the economic value that it bargained for under the
       Purchase Agreement.  The Debtors reserve their rights
       with respect to the amount sought in the recovery;

   (e) if the Debtors or any of their affiliates receive any
       payments from third parties that (i) are reimbursements
       for amounts expended by Williamston Products for tooling
       necessary for Williamston Products to complete
       performance of any Assumed Contract, or (ii) otherwise
       are Misdirected Payments, the Debtors or their affiliates
       will hold the Tooling Payments and the Misdirected
       Payments, as applicable, in trust for the benefit of
       Williamston Products, and will remit the payments to
       Williamston Products as soon as reasonably practicable,
       but in no event later than five business days after
       receipt of the amounts.  The Tooling Payments and
       Misdirected Payments will be deemed not property of the
       bankruptcy estates of the Debtors and any of their
       affiliates; and

   (f) to the extent that (i) Williamston Products incurs
       obligations accrued before Closing in performance of the
       Assumed Contracts that are classified as "facility
       costs," which are not reimbursable by any Third Party,
       and (ii) it is determined that those facility costs had
       been represented by the Debtors or their agents to have
       been obligation that were paid by the Debtors before
       Closing, then Williamston Products reserves its rights to
       seek the amounts from the Debtors' estates and the
       Debtors reserve their rights with respect thereto.

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in
cockpit modules and automotive floor and acoustic systems and is
a leading supplier of instrument panels, automotive fabric,
plastic-based trim, and convertible top systems.  The Company
has a workforce of approximately 23,000 and a network of more
than 100 technical centers, sales offices and manufacturing
sites in 17 countries throughout the world.  The Company and its
debtor-affiliates filed for chapter 11 protection on May 17,
2005 (Bankr. E.D. Mich. Case No. 05-55927).  Richard M. Cieri,
Esq., at Kirkland & Ellis LLP, represents C&A in its
restructuring.  Lazard Freres & Co., LLC, provides the Debtor
with investment banking services.  Michael S. Stammer, Esq., at
Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors Committee.  When the Debtors
filed for protection from their creditors, they listed
US$3,196,700,000 in total assets and US$2,856,600,000 in total
debts.  The Debtors' disclosure statement explaining their First
Amended Joint Chapter 11 Plan was approved on Jan. 25, 2007.
The hearing to consider confirmation of the Debtors' Amended
Joint Plan is set for April 19, 2007.  (Collins & Aikman
Bankruptcy News, Issue No. 58; Bankruptcy Creditors' Service,
Inc., http://bankrupt.com/newsstand/or 215/945-7000)


COLLINS & AIKMAN: Sells Soft Trim Business to Int'l Automotive
--------------------------------------------------------------
Collins & Aikman Corp. has signed an asset purchase agreement
with International Automotive Components Group North America
Inc. for the sale of its North American automotive flooring and
acoustic components business.

The Company will file a motion seeking approval of the Agreement
subject to higher or better offers through a bankruptcy court-
monitored auction process.

The Agreement provides for aggregate consideration to the
Company of US$134 million in cash, plus certain contingent
consideration and certain assumed liabilities.  The Agreement
also provides an opportunity for the Company's senior, secured
prepetition lenders to invest in IAC NA's parent company up to
an aggregate cap of 25% of IAC NA's outstanding stock.

The Company has asked the U.S. Bankruptcy Court for the Eastern
District of Michigan for a hearing on April 24 on the bidding
procedures relief in the motion and a hearing to approve the
results of the auction on May 24.

"The sale of our Soft Trim business is one of the most important
elements of our efforts to maximize creditor recoveries and
preserve jobs for Collins & Aikman employees," John Boken,
Collins & Aikman's Chief Restructuring Officer, said.  "Our Soft
Trim management team has done an outstanding job of operating
this portion of our business throughout the many facets of these
bankruptcy proceedings.  We look forward to completing due
diligence and closing this transaction as expeditiously as
possible so that our Soft Trim team can continue to prosper and
grow as a market leader in flooring and acoustics under new
ownership."

The Soft Trim business covered in the Agreement includes 16
facilities in the United States, Canada and Mexico, employs
around 4,300 people and produces products for all major
automakers.  Under the terms of the Agreement, consummation of
the sale is subject to several conditions and termination rights
of the parties.

The Company remains committed to providing updates to all
interested parties on these matters and other significant sales
transactions when appropriate and as they become available.

                     About Collins & Aikman

Headquartered in Troy, Michigan, Collins & Aikman Corporation
-- http://www.collinsaikman.com/-- is a global leader in
cockpit modules and automotive floor and acoustic systems and is
a leading supplier of instrument panels, automotive fabric,
plastic-based trim, and convertible top systems.  The Company
has a workforce of approximately 23,000 and a network of more
than 100 technical centers, sales offices and manufacturing
sites in 17 countries throughout the world.  The Company and its
debtor-affiliates filed for chapter 11 protection on May 17,
2005 (Bankr. E.D. Mich. Case No. 05-55927).  Richard M. Cieri,
Esq., at Kirkland & Ellis LLP, represents C&A in its
restructuring.  Lazard Freres & Co., LLC, provides the Debtor
with investment banking services.  Michael S. Stammer, Esq., at
Akin Gump Strauss Hauer & Feld LLP, represents the Official
Committee of Unsecured Creditors Committee.  When the Debtors
filed for protection from their creditors, they listed
US$3,196,700,000 in total assets and US$2,856,600,000 in total
debts.  The Debtors' disclosure statement explaining their First
Amended Joint Chapter 11 Plan was approved on Jan. 25, 2007.


COUNTY RECRUITMENT: Creditors' Meeting Slated for April 30
----------------------------------------------------------
Creditors of County Recruitment Ltd. will meet at 11:30 a.m. on
April 30 at the offices of:

         CBA
         39 Castle Street
         Leicester
         LE1 5WN
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge on April 27.

CBA -- http://www.cba-insolvency.co.uk/-- provides solutions to
financial difficulties when the perceivable option is either
liquidation or bankruptcy.


DEAGO AUDIO: Names David Andrew Field Liquidator
------------------------------------------------
David Andrew Field of Centrum Recovery Ltd. was appointed
liquidator of Deago Audio Visual Solutions Ltd. on April 4 for
the creditors' voluntary winding-up procedure.

The company can be reached at:

         Deago Audio Visual Solutions Ltd.
         8 Stoney Lane
         Quinton
         Birmingham
         B32 1AN
         England
         Tel: 0121 422 3777
         Fax: 0121 423 2223


DEVON INTERIORS: Creditors' Meeting Slated for April 26
-------------------------------------------------------
Creditors of Devon Interiors Ltd. will meet at 11:00 a.m. on
April 26 at:

         1 Emperor Way Business Park
         Exeter
         Devon
         EX1 3QS
         England

Creditors who want to vote at the meeting have until noon on
April 25 to submit their proxy forms together with particulars
of their claims or of any security at the registered office of
the company at:

         Devon Interiors Ltd.
         Suite 3
         Farleigh House
         Farleigh Court
         Old Weston Road
         Flax Bourton
         BS48 1UR

A list of names and addresses of the company's creditors will be
available for inspection free of charge between 10:00 a.m. and
4:00 p.m. on April 24 at the registered office.


DIVE ACADEMY: Creditors' Meeting Slated for May 15
--------------------------------------------------
Creditors of Dive Academy Ltd. will meet at 11:30 a.m. on May 15
at:

         Carter Clark
         Meridian House
         62 Station Road
         North Chingford
         London
         E4 7BA
         England

Creditors who want to vote at the meeting have until noon on
May 14 to submit their proxy forms together with particulars of
their claims or of any security at the said address.

Alan J. Clark of Carter Clark will furnish creditors with
information concerning the company's affairs free of charge as
they may reasonably require.


DOMESTIC & INDUSTRIAL: Brings In Liquidators from KPMG
------------------------------------------------------
James Douglas and Ernie Money of KPMG LLP were appointed joint
liquidators of Domestic & Industrial Heating Spares Ltd. on
April 4 for the creditors' voluntary winding-up proceeding.

KPMG LLP -- http://www.kpmg.co.uk/-- offers accounting, audit,
and tax-related services to customers in such target industries
as banking, media and entertainment, consumer products, health
care providers, insurance, and pharmaceuticals.

The joint liquidators can be reached at:

         James Douglas and Ernie Money
         KPMG LLP
         Arlington Business Park
         Theale
         Reading
         RG7 4SD
         England


DONOVAN CONSTRUCTION: Creditors' Meeting Slated for May 10
----------------------------------------------------------
Creditors of Donovan Construction & Development Ltd. will meet
at 2:30 p.m. on May 10 at:

         The Rising Sun
         Meeting Room 2
         Sun Street
         Billericay
         Essex
         CM12 9LN
         England

Creditors who want to vote at the meeting have until noon on
May 9 to submit their proxy forms together with particulars of
their claims or of any security at:

         The Mudd Partnership
         Lakeview House
         4 Woodbrook Crescent
         Billericay
         Essex
         CM12 0EQ
         England

Anthony Hollis of The Mudd Partnership will furnish creditors
with information concerning the company's affairs free of charge
as they may reasonably require.


EMERALD EXHIBITIONS: Alan Simon Leads Liquidation Procedure
-----------------------------------------------------------
Alan Simon of Langley Group LLP was appointed liquidator of
Emerald Exhibitions Ltd. on April 10 for the creditors'
voluntary winding-up procedure.

The company can be reached at:

         Emerald Exhibitions Ltd.
         124 Kestrel Way
         Luton
         LU4 0UR
         England
         Tel: 01582 666 448


FOOT LOCKER: Genesco Turns Down US$1.2 Billion Takeover Offer
-------------------------------------------------------------
Foot Locker Inc.'s proposal to acquire all of the outstanding
shares for US$46 per share in cash was rejected by Genesco
Inc.'s board of directors.

Hal N. Pennington, Genesco's chairman, president and chief
executive officer, said in his letter to Matthew D. Serra,
chairman and ceo of Foot Locker Inc. that after careful
consideration, the board, in consultation with its financial
advisor, Goldman Sachs & Co., and with the assistance of its
legal advisor, Bass Berry & Sims PLC, unanimously determined
that the US$46 per share cash proposal is not in the best
interests of Genesco's shareholders.

"Genesco's board unanimously rejected the proposal and concluded
that it did not reflect the long-term value of Genesco,
including its strong market position and future growth
prospects," Mr. Pennington said.

On April 20, 2007, Foot Locker, though Mr. Serra's letter, has
made an acquisition proposal to purchase all of the company's
outstanding shares for US$46 per share in cash or US$1.2
billion, subject to certain terms and conditions.

Mr. Serra stated in his proposal letter that together with the
company's executive management teams, board of directors, and
advisors, he concluded that a merger of with Genesco would
enable both companies to benefit from mutual best practices,
enhance the companies' ability to serve its customers, and
provide Foot Locker employees and management teams with
increased opportunities.

                        About Genesco Inc.

Headquartered in Nashville, Tennessee, Genesco Inc. (NYSE:GCO)
-- http://www.genesco.com/-- retails branded footwear, licensed
and branded headwear, and wholesaler of branded footwear.  Its
business segments include Journeys, Underground Station Group,
Hat World, Johnston & Murphy, and Licensed Brands.  The Journeys
segment consists of the Journeys and Journeys Kidz retail
footwear chains.  The Underground Station Group segment includes
the Underground Station and Jarman retail footwear chains.  The
Hat World segment includes the Hat World, Lids, Hat Zone, Cap
Connection and Head Quarters retail headwear chains.  The
Johnston & Murphy segment includes Johnston & Murphy retail
operations, and wholesale distribution.  The Licensed Brands
segment is engaged in the wholesale distribution of footwear
manufactured under the Dockers and Perry Ellis brands, under
licenses from Levi Strauss & Company and PEI, Inc.

As of June 9, 2006, it operated a total of 1,773 stores: 1,755
stores throughout the United States and Puerto Rico, and 18
stores in Canada.

                      About Foot Locker Inc.

Headquartered in New York City, Foot Locker Inc. (NYSE: FL) --
http://www.footlocker-inc.com/-- retails athletic footwear and
apparel.  The company operates around 3,900 athletic retail
stores in 17 countries in North America, Europe and Australia
under the brand names Foot Locker, Footaction, Lady Foot Locker,
Kids Foot Locker, and Champs Sports.


FOOT LOCKER: S&P Keeps Negative Watch Over US$1.2BB Genesco Bid
---------------------------------------------------------------
Standard & Poor's Ratings Services said that its ratings,
including the 'BB+' corporate credit rating, on specialty
footwear retailer Foot Locker Inc. remain on CreditWatch with
negative implications following the New York City-based
company's announcement that it has launched a bid to acquire
Genesco Inc.

"Because Standard & Poor's expects that a significant portion of
the US$1.2 billion acquisition price could be funded with debt,"
said Standard & Poor's credit analyst David Kuntz, "this would
result in a deterioration of Foot Locker's credit metrics and a
likely downgrade."  At the same time, we placed the ratings
(including the 'BB-' corporate credit rating) for Genesco
on CreditWatch with developing implications.  S&P will continue
to monitor the ratings as details of the transaction become
available.


FORMAL HIRE: Claims Filing Period Ends May 11
---------------------------------------------
Creditors of Formal Hire Menswear Ltd. (formerly Brenton Ltd.)
have until May 11 to send in their full names and addresses,
full particulars of their debts or claims, and the names and
addresses of their Solicitors (if any) to:

         Bruce Gomer Talfryn Rees
         Liquidator
         Bruce G.T. Rees & Co.
         14 Tawe Business Village
         Swansea Enterprise Park
         Swansea
         SA7 9LA
         Wales

Bruce Gomer Talfryn Rees of Bruce G.T. Rees & Co. was appointed
liquidator of the company on April 5.


FSP REALISATIONS: Calls In Liquidators from Moore Stephens
----------------------------------------------------------
Nigel Price and Mark Bowen of Moore Stephens LLP was appointed
liquidator of FSP Realisations Plc (Firmin & Sons Plc) on
April 1 for the creditors' voluntary winding-up proceeding.

The company can be reached at:

         FSP Realisations plc
         82-86 New Town Row
         Birmingham
         B6 4HU
         England
         Tel: 0121 380 0800
         Fax: 0121 359 3321


GENERAL MOTORS: Wagoner Sees Hope Despite Delay in Delphi's Exit
----------------------------------------------------------------
General Motors Corp.'s chief executive officer Rick Wagoner
remains positive that Delphi Corp. can emerge from bankruptcy
despite the delay caused by a prospective investor's likely
rejection of a deal to invest US$3.4 billion in the bankrupt
auto parts supplier.

"We're optimistic," Mr. Wagoner was quoted by Jeff Green of
Bloomberg News in an interview in Shanghai last week.

GM Chief Financial Officer Fritz Henderson was also cited by Mr.
Green as saying that "GM is . . . committed to being part of
trying to find a solution to Delphi's exit."

GM, Bloomberg says, spun Delphi off in 1999 and still uses the
company as a source for air bags, anti-lock brakes, steering
components, air conditioners and other parts.  The automaker
agreed as part of the spinoff to cover retirement costs for
former GM union workers if Delphi could not afford the expenses,
the source adds.

Free press business writer Katie Merx relates that Delphi's key
investor, Cerberus Capital Management LP, is expected to
withdraw its plan to invest in Delphi after the two sides
disagreed on how much the auto supplier would be worth when it
emerges from Chapter 11 protection.

In a press statement dated April 19, Delphi confirmed that it
anticipates negotiating changes to an equity purchase and
commitment agreement it entered into in December 2006 with its
plan investors -- affiliates of Appaloosa Management LP,
Cerberus, and Harbinger Capital Partners Master Fund I Ltd., as
well as Merrill Lynch & Co. and UBS Securities LLC.

Delphi said it also anticipates negotiating an amendment to a
related plan framework support agreement it also entered into in
December 2006, with the plan investors and GM, which outlined
the expected treatment of the company's stakeholders in its
anticipated plan of reorganization.

According to Delphi, any changes would be primarily as a result
of addressing differences in views regarding the company's
reorganization enterprise value among the Plan Investors, GM,
the company's statutory creditors' and equity committees and the
Company.

Delphi said it expects that under amended framework agreements,
Appaloosa, Harbinger, Merrill Lynch and UBS will continue to
participate as Plan Investors (together with possible additional
investors that may include members of the Statutory Committees),
and that Cerberus may participate in the company's exit
financing, as part of a competitive process, but not as a plan
investor.

Delphi is also hopeful that GM will support amended framework
agreements and will be a party to any revised Plan Framework
Support Agreement.

                        About Delphi Corp.

Headquartered in Troy, Mich., Delphi Corporation (OTC: DPHIQ) --
http://www.delphi.com/-- is the single largest global supplier
of vehicle electronics, transportation components, integrated
systems and modules, and other electronic technology.  The
company's technology and products are present in more than 75
million vehicles on the road worldwide.

The company filed for chapter 11 protection on Oct. 8, 2005
(Bankr. S.D.N.Y. Lead Case No. 05-44481).  John Wm. Butler Jr.,
Esq., John K. Lyons, Esq., and Ron E. Meisler, Esq., at Skadden,
Arps, Slate, Meagher & Flom LLP, represent the Debtors in their
restructuring efforts.  Robert J. Rosenberg, Esq., Mitchell A.
Seider, Esq., and Mark A. Broude, Esq., at Latham & Watkins LLP,
represents the Official Committee of Unsecured Creditors.  As of
Aug. 31, 2005, the Debtors' balance sheet showed
US$17,098,734,530 in total assets and US$22,166,280,476 in total
debts.  Delphi's exclusive plan-filing period expires on July
31, 2007.

                    About General Motors Corp.

General Motors Corp. (NYSE: GM) -- http://www.gm.com/-- is the
world's largest automaker and has been the global industry sales
leader for 76 years.  GM currently employs about 280,000 people
around the world.  GM manufactures its cars and trucks in 33
countries including Belgium, France, Germany, India, Mexico,
among others.  In 2006, nearly 9.1 million GM cars and trucks
were sold globally under these brands: Buick, Cadillac,
Chevrolet, GMC, GM Daewoo, Holden, HUMMER, Opel, Pontiac, Saab,
Saturn and Vauxhall.

                          *     *     *

As reported in the Troubled Company Reporter on Dec. 15, 2006,
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating and other ratings on General Motors Corp. and
removed them from CreditWatch with negative implications, where
they were placed March 29, 2006.  S&P said the outlook is
negative.

As reported in the Troubled Company Reporter on Nov. 14, 2006,
Moody's Investors Service assigned a Ba3, LGD1, 9% rating to the
US$1.5 billion secured term loan of General Motors Corp.

As reported in the Troubled Company Reporter on Nov. 14, 2006,
Moody's Investors Service assigned a Ba3, LGD1, 9% rating to the
US$1.5 billion secured term loan of General Motors Corp.


GENERAL MOTORS: FSA Okays Common Stock Delisting From LSE
---------------------------------------------------------
The Financial Services Authority in the U.K. has authorized
shares of General Motor Corp.'s US$1-2/3 Par Value Common Stock
to be delisted from trading on the London Stock Exchange at the
opening of trading on the LSE on Monday, May 21.

The request by GM for delisting on the LSE is part of GM's plan
to concentrate the trading of its shares on the NYSE, to
eliminate the listing fees charged by other exchanges, and to
avoid multiple regulatory schemes that govern corporations whose
shares are traded on exchanges located in more than one
jurisdiction.  GM recently delisted its shares from the Toronto,
Pacific, Chicago and Philadelphia Stock Exchanges in North
America and the Frankfurt and Dusseldorf Exchanges in Germany.

                   About General Motors Corp.

General Motors Corp. (NYSE: GM) -- http://www.gm.com/-- is the
world's largest automaker and has been the global industry sales
leader since 1931.  Founded in 1908, GM employs about 284,000
people around the world.  It has manufacturing operations in
33 countries including Belgium, France, Germany, India, Mexico,
and its vehicles are sold in 200 countries.  GM sells cars and
trucks under these brands: Buick, Cadillac, Chevrolet, GMC, GM
Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, and
Vauxhall.

                          *     *     *

As reported in the Troubled Company Reporter on Dec. 15, 2006,
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating and other ratings on General Motors Corp. and
removed them from CreditWatch with negative implications, where
they were placed March 29, 2006.  S&P said the outlook is
negative.

As reported in the Troubled Company Reporter on Nov. 14, 2006,
Moody's Investors Service assigned a Ba3, LGD1, 9% rating to the
US$1.5 billion secured term loan of General Motors Corp.

As reported in the Troubled Company Reporter on Nov. 14, 2006,
Moody's Investors Service assigned a Ba3, LGD1, 9% rating to the
US$1.5 billion secured term loan of General Motors Corp.


GENERAL MOTORS: Europe Sales Up 6% in First Quarter 2007
--------------------------------------------------------
In the first quarter of 2007, General Motors Corp.'s Europe
sales reached an all-time record of 553,621 units, an increase
of 30,354 compared to Q1 2006.  The company market share
established a 10-year record, reaching 9.8 percent, up 0.4 point
from Q1 2006.

"These strong results show our multi-brand strategy is beginning
to make an impact, as is an aggressive strategy for growth in
Eastern and Central Europe.  Importantly, we are achieving our
sales momentum while improving the profitability of our sales,
raising contribution margins and generating higher residual
values for our customers," Jonathan Browning, GM Europe Vice
President for Sales, Marketing and Aftersales, said.

Opel/Vauxhall sold 428,787 vehicles in the first quarter of
2007, the best sales volume since 2001.  Market share was stable
at 7.6 percent.  Sales were strong in Russia and the U.K.

Chevrolet maintained its sales momentum in Europe, reaching an
all-time record in the first quarter, beating last year's first
quarter record by 25,076 units, and bringing total sales for the
quarter up to 100,526 units.  Market share also grew 0.4 point,
to 1.8 percent, another all-time record for the brand.

On the premium brand side, Saab sold 22,169 units in Europe,
with a market share of 0.4 percent, while Cadillac, Hummer and
Corvette sold 1,699 units, 7 percent more than in Q1 2006.

GM brands in Russia continued their fast growth rate with sales
increasing 128 percent, up to 46,546 units, in the first quarter
of 2007, significantly outpacing the 26 percent market growth.
Market share grew 4.3 points to 9.5 percent.

Opel and Chevrolet both performed well in Russia and in the
Central and Eastern European markets.  Opel sales in Russia were
up to 9,380 units, 6,643 more compared to Q1 2006, with market
share growing from 0.7 to 1.9 percent.  Chevrolet Q1 sales in
Russia more than doubled compared to Q1 2006.  The brand's share
in Russia grew from 4.5 percent to 7.5 percent, with sales of
36,735 vehicles.

                   About General Motors Corp.

General Motors Corp. (NYSE: GM) -- http://www.gm.com/-- is the
world's largest automaker and has been the global industry sales
leader since 1931.  Founded in 1908, GM employs about 284,000
people around the world.  It has manufacturing operations in
33 countries including Belgium, France, Germany, India, Mexico,
and its vehicles are sold in 200 countries.  GM sells cars and
trucks under these brands: Buick, Cadillac, Chevrolet, GMC, GM
Daewoo, Holden, HUMMER, Opel, Pontiac, Saab, Saturn, and
Vauxhall.

                          *     *     *

As reported in the Troubled Company Reporter on Dec. 15, 2006,
Standard & Poor's Ratings Services affirmed its 'B' corporate
credit rating and other ratings on General Motors Corp. and
removed them from CreditWatch with negative implications, where
they were placed March 29, 2006.  S&P said the outlook is
negative.

As reported in the Troubled Company Reporter on Nov. 14, 2006,
Moody's Investors Service assigned a Ba3, LGD1, 9% rating to the
US$1.5 billion secured term loan of General Motors Corp.

As reported in the Troubled Company Reporter on Nov. 14, 2006,
Moody's Investors Service assigned a Ba3, LGD1, 9% rating to the
US$1.5 billion secured term loan of General Motors Corp.


GLENSIDE RE-CYCLING: Hires Liquidator from Sharma & Co.
-------------------------------------------------------
Gagen Dulari Sharma of Sharma & Co. was appointed liquidator of
Glenside (Re-Cycling) Ltd. (formerly Glenside Plant Hire) on
April 11 for the creditors' voluntary winding-up procedure.

The company can be reached at:

         Glenside (Re-Cycling) Ltd.
         Vittoria Street
         Smethwick
         B66 2ND
         England
         Tel: 0121 565 4500


IDENTIKIDS LTD: Creditors' Meeting Slated for May 8
---------------------------------------------------
Creditors of Identikids Ltd. will meet at 12:30 p.m. on May 8 at
the offices of:

         Lewis Alexander & Connaughton
         Second Floor
         Boulton House
         17-21 Chorlton Street
         Manchester
         M1 3HY
         England

A list of names and addresses of the company's creditors will be
available for inspection free of charge on May 4.


KENSI LTD: A. H. Tomlinson Leads Liquidation Procedure
------------------------------------------------------
A. H. Tomlinson of Tomlinsons was appointed liquidator of Kensi
Ltd. on April 5 for the creditors' voluntary winding-up
procedure.

Tomlinsons -- http://www.tomlinsons.co.uk/-- specializes in all
types of business recovery and insolvency procedures, as well as
offering advice to companies and individuals who believe they
may be heading towards, or are already in, financial difficulty.

The company can be reached at:

         Kensi Ltd.
         Carrington Business Park
         Manchester Road
         Carrington
         Manchester
         M31 4YR
         England
         Tel: 0161 876 4343


[Redacted]


MALIN CLO: Moody's Rates EUR18.75-Mln Class E Notes at (P)Ba3
-------------------------------------------------------------
Moody's Investors Service has assigned provisional ratings to
seven classes of notes to be issued by Malin CLO B.V.:

   -- EUR100-million First Priority Senior Secured Floating Rate
      Variable Funding Notes due May 7, 2023: (P)Aaa;

   -- EUR188-million Class A-1a First Priority Senior Secured
      Floating Rate Notes due May 7, 2023: (P)Aaa;

   -- EUR47-million Class A-1b First Priority Senior Secured
      Floating Rate Notes due May 7, 2023: (P)Aaa;

   -- EUR32.5-million Class B Second Priority Deferrable Secured
      Floating Rate Notes due May 7, 2023: (P)Aa2;

   -- EUR25-million Class C Third Priority Deferrable Secured
      Fixed Rate Notes due May 7, 2023: (P)A2;

   -- EUR35-million Class D Fourth Priority Deferrable Secured
      Fixed Rate Notes due May 7, 2023: (P)Baa3; and

   -- EUR18.75-million Class E Fifth Priority Deferrable Secured
      Floating Rate Notes due May 7, 2023: (P)Ba3.

The provisional ratings address the expected loss posed to
investors by the legal final maturity date on May 7, 2023.  The
ratings take into account the risk of diminishment of cash flow
due to defaults on the underlying assets, the foreign exchange
risks in the mis-matching of collateral assets and notes
liabilities, and the legal documentation.

This transaction is a leveraged loan collateralized loan
obligation related to a EUR500-million portfolio of mostly
European senior and mezzanine loans.  The investments may also
include high yield bonds and synthetics, and non-Euro issuers.
This portfolio will be partially acquired at closing and
partially during the six months ramp-up period in compliance
with portfolio guidelines.  Thereafter, the portfolio of loans
will be actively managed and the investment manager will be able
to buy or sell loans on behalf of the Issuer.  Any addition or
removal of loans will be subject to a number of portfolio
criteria.  Babson Capital Europe Ltd. will act as investment
manager.  Babson currently manages seven other leveraged loan
CDOs.

Moody's issues provisional ratings in advance of the final sale
of securities and these ratings reflect Moody's preliminary
credit opinion regarding the transaction.  Upon a conclusive
review of the final versions of all the documents and legal
opinions, Moody's will endeavor to assign a definitive rating to
the transaction.  A definitive rating may differ from a
provisional rating.

This transaction is arranged by Goldman Sachs International.


MDS BATHROOMS: Joint Liquidators Take Over Operations
-----------------------------------------------------
Philip Anthony Brooks and Julie Willetts of Blades Insolvency
Services were appointed joint liquidators of MDS Bathrooms &
Kitchens Ltd. on April 12 for the creditors' voluntary winding-
up procedure.

The company can be reached at:

         MDS Bathrooms & Kitchens Ltd.
         19 Bridge Street
         Belper
         DE56 1AY
         England
         Tel: 01773 832 633


MEGA BRANDS: S&P Places BB- Ratings on CreditWatch Negative
-----------------------------------------------------------
Standard & Poor's Ratings Services placed its 'BB-' long-term
corporate credit and bank loan ratings on Montreal, Quebec-based
MEGA Brands Inc. on CreditWatch with negative implications.  The
bank loan's '2' recovery rating was also placed on CreditWatch.

"The CreditWatch placement and the possibility of a subsequent
downgrade reflect concerns that revenues, earnings, and credit
protection measures at MEGA Brands did not meet Standard &
Poor's forecast for 2006 and could remain weaker than expected
in 2007 due to challenges the company faces," said Standard &
Poor's credit analyst Lori Harris.

MEGA Brands has faced litigation relating to its Magnetix
product, which resulted in product recalls, product replacement,
and product liability settlement expenses.  Although MEGA Brands
could be reimbursed for certain expenses, the magnitude of the
charges related to the litigation in the fourth quarter of 2006,
and the resulting negative impact on the company's debt levels
and credit ratios were not expected by Standard & Poor's.

MEGA Brands had chosen to be self-insured for Magnetix products
manufactured before May 1, 2006, and for incidents occurring
after Dec. 1, 2006, because the cost of insurance was viewed as
prohibitive.  Management's decision to be self-insured raises
uncertainty surrounding the company's potential exposure to
liability claims and MEGA Brands ability to financially support
these claims without excessively jeopardizing the financial
strength of the business.

In addition, the company is involved in litigation with the
former shareholders of Rose Art Industries Inc., which concerns
contingent payments related to MEGA Brands' acquisition of the
business in 2005.  An additional US$51 million in accrued
consideration has yet to be paid because MEGA Brands is
disputing the claim.

To resolve the CreditWatch listing, Standard & Poor's will meet
with management and review MEGA Brands' operating and financial
strategies, including the company's plans to deal with the
litigation risk that it faces.


MERLIN PACKAGING: Taps Deloitte & Touche as Administrators
----------------------------------------------------------
Dominic Wong, Andrew Peters and David Langton of Deloitte &
Touche LLP were appointed joint administrators of Elderglade
Packaging Ltd., Merlin Packaging Ltd., and John Baldwin
Packaging Services Ltd. on April 19.

According to Scotsman, the company trades from eight locations
in the U.K. and reports a turnover of GBP18 million.  The losses
due to excess capacity at its Stoke on Trent factory were blamed
for the group's failure.

Deloitte & Touche LLP -- http://www.deloitte.com/-- provides
audit, tax, consulting and corporate finance services through
more than 9,000 people in 21 locations.  The group is the United
Kingdom member firm of Deloitte Touche Tohmatsu, a Swiss Verein
whose member firms are separate and independent legal entities.

Headquartered in Stoke-on-Trent, England, Merlin Packaging --
http://www.merlinpackaging.co.uk/-- is one of the U.K.'s
largest groups of independent sheet plants, providing not only
cost effective corrugated and packaging supplies nationwide, but
also a keen emphasis on design.


ORRELL-TURNER INTERIORS: Joint Liquidators Take Over Operations
---------------------------------------------------------------
Gary Edgar Blackburn and Paul Andrew Whitwam of BWC Business
Solutions were appointed joint liquidators of Orrell-Turner
Interiors Ltd. on April 12 for the creditors' voluntary winding-
up proceeding.

The company can be reached at:

         Orrell-Turner Interiors Ltd.
         Bolton Street
         Low Moor
         Bradford
         BD12 0SA
         England
         Tel: 01274 671 131


PERCY PRIOR: Appoints Robert Day as Liquidator
----------------------------------------------
Robert Day of Robert Day and Co. Ltd. was appointed liquidator
of Percy Prior (Rosehill Instruments) Ltd. on April 12 for the
creditors' voluntary winding-up proceeding.

The company can be reached at:

         Percy Prior (Rosehill Instruments) Ltd.
         Octagon Arcade
         High Wycombe
         HP11 2HT
         England
         Fax: 01494 463 353


PLASWOOD PRODUCTS: Taps Nigel Millar to Liquidate Assets
--------------------------------------------------------
Nigel Millar was appointed liquidator of Plaswood Products Ltd.
on April 2 for the creditors' voluntary winding-up procedure.

The company can be reached at:

         Plaswood Products Ltd.
         Breckland Court
         Threxton Road Industrial Estate
         Watton
         Thetford
         IP25 6NG
         England
         Tel: 01953 881 799
         Fax: 01953 884 774


PROFESSIONAL FINANCIAL: Claims Filing Period Ends May 11
--------------------------------------------------------
Creditors of Professional Financial Solutions Ltd. have until
May 11 to send in their names and addresses with particulars of
their debts or claims to:

         Finbarr Thomas O'Connell and Jane Bronwen Moriarty
         Joint Liquidators
         KMPG LLP
         8 Salisbury Square
         London
         EC4Y 8BB
         England

Finbarr Thomas O'Connell and Jane Bronwen Moriarty of KMPG LLP
were appointed joint liquidators of the company on April 11.

KPMG LLP -- http://www.kpmg.co.uk/-- offers accounting, audit,
and tax-related services to customers in such target industries
as banking, media and entertainment, consumer products, health
care providers, insurance, and pharmaceuticals.


RAINBOW BRIDGE: Taps Robert Day to Liquidate Assets
---------------------------------------------------
Robert Day of Robert Day and Co. Ltd. was appointed liquidator
of Rainbow Bridge Music Ltd. on April 12 for the creditors'
voluntary winding-up proceeding.

The company can be reached at:

         Rainbow Bridge Music Ltd.
         31 Octagon Arcade
         High Wycombe
         HP11 2HT
         England
         Tel: 01494 443 418
         Fax: 01494 463 353


RED MORTGAGE: Hires Liquidators from The P&A Partnership
--------------------------------------------------------
John Russell and Andrew Philip Wood of The P&A Partnership were
appointed liquidators of Red Mortgage Solutions Ltd. on April 11
for the creditors' voluntary winding-up procedure.

The P&A Partnership (aka Poppleton and Appleby) --
http://www.thepandapartnership.com/-- acts for all clearing
banks and a growing number of factors and asset lenders.  Its
clients include multinational PLCs, SMEs, financial
institutions, accountants, solicitors and business advisors.

The company can be reached at:

         Red Mortgage Solutions Ltd.
         Brooke Building
         Shepcote Lane
         Sheffield
         S9 1QT
         England
         Tel: 0114 243 3838
         Fax: 0114 243 3939


REFCO INC: Marc Kirschner Discharges Duties as RCM Trustee
----------------------------------------------------------
Marc S. Kirschner, as Chapter 11 trustee and duly appointed Plan
Administrator of Refco Capital Markets Ltd.'s estate, obtained
the Court's authority to assign any and all of his remaining
rights, powers and duties to the RCM Plan Administrator, leaving
him as the sole party acting on behalf of and administering the
RCM estate.

The Court also authorized Mr. Kirschner to:

   (i) discharge his duties as RCM Trustee;

  (ii) release and terminate the duty to obtain and maintain
       the RCM Trustee's surety bonds by Hartford; Fidelity &
       Deposit/Zurich; Federal (Chubb), and Safeco; and

(iii) release and terminate the restrictions on the Restricted
       Accounts.

Timothy B. DeSieno, Esq., at Bingham McCutchen LLP, in New York,
relates that by notice dated April 10, 2006, the U.S. Trustee
appointed Mr. Kirschner as RCM Trustee, subject to a bond under
Section 322.  The Court subsequently approved the appointment of
the RCM Trustee, requiring him to post a US$1,000,000,000 bond.
The Bond was later reduced to US$156,500,000, subject to
segregation of a substantial portion of RCM's cash into
restricted accounts.

The RCM Trustee then (a) obtained the Bond for US$156,500,000,
and (b) created the Restricted Accounts with US$800,500,000 in
cash invested as required by Section 345.  The annual premium
for the Bond was US$762,938 and was fully earned.  The Bond
expires on April 19, 2007.

              Post-Effective Date Management of RCM

Given the assignment of the RCM Trustee's role and duties to the
RCM Administrator, the RCM Trustee's work for the RCM estate has
concluded, Mr. DeSieno tells Judge Drain.

Mr. DeSieno states that the Plan Confirmation Order left the RCM
Trustee in charge of the RCM estate, although it required him to
enter into a December 2006 RCM Administration Agreement with the
RCM Administrator.

Specifically, Mr. DeSieno says, the RCM Administration Agreement
enumerates the RCM Administrator's powers and responsibilities,
which include liquidating RCM's assets, paying RCM's expenses,
investing RCM's cash, calculating and paying distributions to
creditors of RCM, and dissolving and winding up RCM.

Mr. DeSieno states that the Plan, the Confirmation Order, and
the RCM Administration Agreement do not require continued
maintenance of the Bond or the Restricted Accounts by the RCM
Trustee or the RCM Plan Administrator.  However, he says, in
accordance with the RCM Administration Agreement, the RCM
Administrator has obtained professional liability insurance for
US$5,000,000.

                  Distributions from RCM Estate

Mr. DeSieno states that the assets of the RCM estate have been
significantly reduced as a consequence of making distributions
and other court-approved and ordinary course payments.

During the RCM Trustee's appointment, Mr. DeSieno relates, the
RCM estate had US$2,054,000,000 in assets.  At the time of the
Plan Confirmation, the RCM estate held around US$2,500,000,000
in assets, of which US$1,800,000,000 was cash or cash
equivalents, and the remainder in securities.

As of March 1, 2007, the RCM estate held about US$920,000,000 in
liquid and illiquid assets, of which US$13,900,000 is in the RCM
Wind-Down Reserves pursuant to the Plan.

Since his appointment, Mr. DeSieno notes, the RCM Trustee has
distributed from the RCM estate:

   (a) US$56,400,000 in fees and expenses of estate
       professionals, of which US$1,000,000 was paid to the RCM
       Trustee;

   (b) US$84,400,000 to JPMorgan Chase Bank, N.A., pursuant to a
       Court-approved settlement agreement; and

   (c) US$1,475,767,317 to RCM creditors between Dec. 27 and 28,
       2006.

Furthermore, the Court authorized a second interim distribution
to RCM creditors, aggregating US$428,000,000.

Mr. DeSieno says various estate professionals have also filed
final applications for payment of fees and reimbursement of
expenses, which will result in additional disbursements from the
RCM estate.

To date, the RCM estate has contributed around US$16,000,000
into an administrative expense reserve to fund the
administration of the Plan, including compensation of
administrative professionals.

Assuming the payments are made under the Second Distribution and
final fee applications, the RCM estate will have remaining
exceeding US$450,000,000, Mr. DeSieno says.

The remaining RCM assets will now be administered by the RCM
Administrator following the approval of the Motion, Mr. DeSieno
states.

                         About Refco Inc.

Based in New York, Refco Inc. -- http://www.refco.com/-- is a
diversified financial services organization with operations in
14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries are members of
principal U.S. and international exchanges, and are among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  In addition to its futures brokerage
activities, Refco is a major broker of cash market products,
including foreign exchange, foreign exchange options, government
securities, domestic and international equities, emerging market
debt, and OTC financial and commodity products.  Refco is one of
the largest global clearing firms for derivatives.

The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  Luc
A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represents the Official Committee of Unsecured Creditors.  Refco
reported US$16.5 billion in assets and US$16.8 billion in debts
to the Bankruptcy Court on the first day of its chapter 11
cases.

On June 5, 2006, three more affiliates filed for chapter 11
protection namely: Westminster-Refco Management LLC, Refco
Managed Futures LLC, and Lind-Waldock Securities LLC.

Refco Commodity Management Inc., another affiliate, filed for
bankruptcy on Oct. 16, 2006.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on Dec. 15, 2006.  That Plan became effective on
Dec. 26, 2006.  (Refco Bankruptcy News, Issue No. 61; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


REFCO INC: Plan Administrators Object to Grant Thornton's Claims
----------------------------------------------------------------
David S. Rosner, Esq., at Kasowitz, Benson, Torres & Friedman
LLP, in New York, states that in July 2006, Grant Thornton LLP
filed 27 proofs of claim -- Claim Nos. 11393 through 11395 and
Claim Nos. 11527 through 11550 -- against various Debtor
entities, asserting:

   (i) US$242,804 in fees and costs for prepetition services
       rendered as the independent auditor for Refco Inc. and
       its subsidiaries, including Refco Capital Markets, Ltd.;
       and

  (ii) US$2,800,000 in attorneys fees and costs incurred in
       connection with its defense of securities litigation
       actions, including, In re Refco Inc. Securities
       Litigation, No. 05 Civ. 8626 (GEL) (S.D.N.Y.), and In re
       Refco Capital Markets, Ltd. Brokerage Customer Securities
       Litigation, No. 06-CV-643 (GEL) (S.D.N.Y.).

Grant Thornton also asserted that it holds contingent
unliquidated claims as a result of the Securities Actions.

Grant Thornton further argued that its claims were based on the
terms of its relationship that was memorialized in various
engagement letters or contracts with (i) Refco group Ltd. LLC,
and its subsidiaries, including RCM, and (ii) New Refco Group
Ltd. LLC.

Pursuant to their Chapter 11 Plan, and as of the Effective Date,
the Reorganized Debtors and Marc S. Kirschner, as the then-
Chapter 11 Trustee for Refco Capital Markets, Ltd.'s estate,
established a litigation trust for the pursuit of any and all
Contributed Claims, including litigation claims of the Debtors,
RCM, or their estates.  The Litigation Claims include any and
all claims, rights of action, suits or proceedings that any
Debtor or RCM may hold.

Mr. Rosner states that the Litigation Trust is currently
investigating Grant Thornton in connection with its conduct with
respect to the Debtors and RCM and its relationship and role
with respect to the Debtors' collapse.  The investigation may
lead to the assertion of affirmative claims by the Litigation
Trust against Grant Thornton, he notes.

On March 16, 2007, Grant Thornton filed amended claims -- Claim
Nos. 14458 through 14484 -- to increase the amount of liquidated
damages asserted in each Original Claim to US$4,356,371.

On March 23, RJM LLC, as Plan Administrator for the Chapter 11
Debtors' cases, and Mr. Kirschner, as the duly appointed Plan
Administrator for the RCM estate, objected to the Original
Claims, seeking entry of an order:

   (i) expressly reserving any and all rights, claims and
       defenses of the estates and their successors to assert
       any and all claims against Grant Thornton; to object to
       and defend against the Claims; and to obtain a full and
       fair litigation of all claims, objections and matters
       relating to Grant Thornton in an appropriate forum;

  (ii) disallowing the Claims for reimbursement of costs and
       expenses to the extent that Grant Thornton seeks
       indemnification for claims, damages, losses, liabilities,
       costs and expenses, incurred in connection with the
       Securities Actions or any other actions; and

(iii) disallowing the Claims to the extent that they assert the
       same liability against multiple Debtor entities,
       including RCM.

After reviewing the Original Claims, the Plan Administrators
have determined that each of those claims have been amended and
superseded by the Amended Claims.

Accordingly, the Plan Administrators ask Judge Drain to disallow
and expunge the Original Claims.

The Plan Administrators believe that Grant Thornton will not be
prejudiced by having their Original Claims disallowed and
expunged, because their Amended Claims will remain on the claims
registry.

Moreover, the Plan Administrators object to and seek entry of an
order with respect to the Amended Claims on the same grounds and
for the same reasons set forth in their First Objection to the
Original Claims.

                         About Refco Inc.

Based in New York, Refco Inc. -- http://www.refco.com/-- is a
diversified financial services organization with operations in
14 countries and an extensive global institutional and retail
client base.  Refco's worldwide subsidiaries are members of
principal U.S. and international exchanges, and are among the
most active members of futures exchanges in Chicago, New York,
London and Singapore.  In addition to its futures brokerage
activities, Refco is a major broker of cash market products,
including foreign exchange, foreign exchange options, government
securities, domestic and international equities, emerging market
debt, and OTC financial and commodity products.  Refco is one of
the largest global clearing firms for derivatives.

The Company and 23 of its affiliates filed for chapter 11
protection on Oct. 17, 2005 (Bankr. S.D.N.Y. Case No. 05-60006).
J. Gregory Milmoe, Esq., at Skadden, Arps, Slate, Meagher & Flom
LLP, represent the Debtors in their restructuring efforts.  Luc
A. Despins, Esq., at Milbank, Tweed, Hadley & McCloy LLP,
represents the Official Committee of Unsecured Creditors.  Refco
reported US$16.5 billion in assets and US$16.8 billion in debts
to the Bankruptcy Court on the first day of its chapter 11
cases.

On June 5, 2006, three more affiliates filed for chapter 11
protection namely: Westminster-Refco Management LLC, Refco
Managed Futures LLC, and Lind-Waldock Securities LLC.

Refco Commodity Management Inc., another affiliate, filed for
bankruptcy on Oct. 16, 2006.

The Court confirmed the Modified Joint Chapter 11 Plan of
Refco Inc. and certain of its Direct and Indirect Subsidiaries,
including Refco Capital Markets, Ltd., and Refco F/X Associates,
LLC, on Dec. 15, 2006.  That Plan became effective on
Dec. 26, 2006.  (Refco Bankruptcy News, Issue No. 61; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


REMEDY 4 MEN: Appoints Liquidators from BRI Business Recovery
-------------------------------------------------------------
Gavin Geoffrey Bates and Peter John Windatt of BRI Business
Recovery and Insolvency were appointed joint liquidators of
Remedy 4 Men and Women Ltd. on April 5 for the creditors'
voluntary winding-up procedure proceeding.

The company can be reached at:

         Remedy 4 Men & Women Ltd.
         43 Smithford Way
         Coventry
         CV1 1FY
         England
         Tel: 024 7655 1588


RESLOC UK: Fitch Rates GBP2.1-Million Class F1b Notes at B
----------------------------------------------------------
Fitch Ratings assigned expected ratings to ResLoC U.K. 2007 Plc
mortgage-backed floating-rate notes due 2043:

   -- GBP-equivalent 145.4-million Class A1: 'AAA'
   -- GBP-equivalent 145.4-million Class A2: 'AAA'
   -- GBP-equivalent 418.1-million Class A3: 'AAA'
   -- GBP-equivalent 81.8-million Class M1: 'AAA'
   -- GBP-equivalent 41.6-million Class B1: 'AA'
   -- GBP-equivalent 29.3-million Class C1: 'A'
   -- GBP-equivalent 38.9-million Class D1b: 'BBB'
   -- GBP-equivalent 8.4-million Class E1b: 'BB'
   -- GBP-equivalent 3.8-million Class E2b: 'BB-'
   -- GBP-equivalent 2.1-million Class F1b: 'B'

The final ratings are contingent on the receipt of final
documents conforming to information already received.

This is the first transaction under the ResLoC U.K. name and
contains collateral from four different originators: Advantage,
GMAC-RFC, Amber Homeloans Ltd. and Victoria Mortgage Funding.

The ratings are based on the collateral quality, available
credit enhancement, the underwriting of the abovementioned
originators, the servicing capabilities of Homeloan Management
Ltd. and the sound legal structure of the transaction.  Credit
enhancement for the Class A1, A2, A3 and M1 notes totaling
14.25% is provided by the subordination of the Class B1, Class
C1, Class D1b and Class E1 notes as well as an initial reserve
fund of 1.25% building to 1.35%.

The Class E2b notes will receive principal after any necessary
payments into the reserve fund and interest before any necessary
payments into the reserve fund.  The class F1b notes will
receive interest and principal after any necessary payments into
the reserve fund.

To determine appropriate credit enhancement levels, Fitch
analyzed the collateral using its U.K. Residential Mortgage
Default Model.  The agency also modeled cash flows using the
results of the default model with structural stresses, including
various prepayment and interest rate scenarios.  The cash flow
tests showed that each class of notes could withstand loan
losses at a level corresponding to the related stress scenario
without incurring any principal loss or interest shortfall, and
that it can retire the principal by legal final maturity.


ROBSEAL ROOFING: Hires Liquidator from Bridgers
-----------------------------------------------
John Arthur Kirkpatrick of Bridgers was appointed liquidator of
Robseal Roofing & Construction Services Ltd. on March 27 for the
creditors' voluntary winding-up proceeding.

The company can be reached at:

         Robseal Roofing Ltd.
         Unit 2/3
         Nimrod Way
         Nimrod Industrial Estate
         Reading
         RG2 0EB
         England
         Tel: 0118 975 4800
         Fax: 0118 975 4854


ROCKET PYROTECHNICS: Hires Liquidators from Berg Kaprow Lewis
-------------------------------------------------------------
Stewart Bennett and James Bradney of Berg Kaprow Lewis LLP were
appointed joint liquidators of Rocket Pyrotechnics Ltd. on
April 12 for the creditors' voluntary winding-up proceeding.

Creditors are required, to send in their full names, their
addresses and descriptions, full particulars of their debts or
claims, and the names and addresses of their solicitors (if any)
to:

         Stewart Bennett
         Berg Kaprow Lewis LLP
         35 Ballards Lane
         London
         N3 1XW
         England


SEVERN LTD: Claims Filing Period Ends May 15
--------------------------------------------
Creditors of Severn Ltd. and Ratcliffs (Great Bridge) Ltd. have
until May 15 to send their full names and addresses, and
particulars of their debts or claims to:

         Ian Best
         Joint Liquidator
         Ernst & Young LLP
         No. 1 Colmore Square
         Birmingham
         B4 6HQ
         England

Ian Best of Ernst & Young LLP was appointed joint liquidator of
the company on April 4.

Ernst & Young -- http://www.ey.com/-- provides broad array of
services relating to audit and risk-related services, tax, and
transactions across all industries-from emerging growth
companies to global powerhouses-deal with a broad range of
business issues.


UNIQUE IMAGE: Brings In Liquidators from PKF UK
-----------------------------------------------
Edward T. Kerr and Ian J. Gould of PKF (U.K.) LLP were appointed
joint liquidators of Unique Image 4 U Ltd. (formerly Zipser
International U.K. Ltd.) on April 5 for the creditors' voluntary
winding-up proceeding.

PKF (U.K.) LLP -- http://www.pkf.co.uk/-- specializes in
advising the management of developing private and public
businesses.  Its principal services include assurance &
advisory; corporate finance; corporate recovery & insolvency;
forensic; management consultancy and taxation.  It also offers
financial services through its FSA authorized company, PKF
Financial Planning Ltd.

The company can be reached at:

         Unique Image 4 U Ltd.
         5a Derwent Close
         Gamston
         Nottingham
         NG2 6NF
         England
         Tel: 0115 981 4364


WHITE STRIPE: Names Anthony David Kent Liquidator
-------------------------------------------------
Anthony David Kent was appointed liquidator of White Stripe
Barcode Solutions Ltd. on April 11 for the creditors' voluntary
winding-up procedure.

The company can be reached at:

         White Stripe Barcode Solutions Ltd.
         Regus House
         Fairbourne Drive
         Atterbury
         Milton Keynes
         MK10 9RG
         England
         Tel: 0870 099 3262


WILKRO LTD: Names Liquidator to Wind Up Business
------------------------------------------------
Andrew T. Clay was appointed liquidator of Wilkro Ltd. on
April 11 for the creditors' voluntary winding-up procedure.

The company can be reached at:

         Wilkro Ltd.
         172 Shetcliffe Lane
         Bradford
         BD4 6QJ
         England
         Tel: 01274 689 101


* Grant Thornton Scotland Names John Montague as Director
---------------------------------------------------------
John Montague was appointed by Grant Thornton Scotland as
director to strengthen the company's recovery and reorganization
team, Scotsman reports.

According to the report, Mr. Montague has more than 16 years
experience in business turnaround and restructuring, business
reviews, corporate finance and formal recovery assignments.

He joins Grant Thornton from Invocas Group.  He had also worked
with PricewaterhouseCoopers and Arthur Anderson.


* Dundas & Wilson Promotes Six Senior Associates to Partners
------------------------------------------------------------
Dundas & Wilson LLP promoted six senior associates to partner.

Carina Healy is an IP lawyer who leads D&W's dedicated life
sciences team.  Ms. Healy 's responsibilities include further
developing D&W's growth in IP work in this and other key
industries on a U.K. wide basis.

Claire Massie specializes in all aspects of insolvency and
turnaround.  Ms. Massie's remit will include targeting growth
areas for D&W's corporate recovery team across the U.K. as well
as maintaining and nurturing the group's existing key
relationships.

Darina Kerr specializes in real estate and has technical
expertise in acquisitions, disposals, landlord/tenant and
development projects.   Ms. Kerr's promotion increases the pool
of skills at partner level to develop opportunities for the
property team across the U.K.

Nadim Meer's primary focus is on private equity and M&A.  He
will continue to focus on developing D&W's private equity and
general corporate offering in London.

Ross Caldwell specializes in corporate banking with particular
emphasis on acquisition finance, structured finance, capital
markets and derivatives work.  Having spent the past eight years
based out of D&W's Edinburgh office, Mr. Ross is relocating to
D&W's London office where he will play a key role in the
development of the firm's banking practice in London.

Trudi Craggs is a specialist in D&W's multi-disciplinary
planning team, which provides a comprehensive planning service
to clients.  She will continue to advise public and private
sector clients on the authorization processes for major, complex
projects.

"These 6 internal promotions highlight the caliber of the people
we have within D&W across the U.K., Michael McAuley, chairman of
D&W, commented."  "They demonstrate the firm's commitment, and
these individuals' commitment and contribution, to growing our
business across the U.K. in a focused and consistent way.  Our
clients continue to be very active and these promotions reflect
the success, which the practice continues to experience."

"In addition to the seven lateral partner hires we have made
within the past 12 months, these appointments now bring our
total number of partners in the U.K. to 83," Mr. McAuley added.

These appointments are effective from May 1.

Dundas & Wilson -- http://www.dundas-wilson.com/-- is a leading
U.K. corporate law practice.  The core of the firm's strategy is
its commitment to clients - and the firm has an enviable U.K.
client base.  D&W's core skills are grouped together within the
following areas - Banking, Construction & Engineering,
Corporate, Corporate Recovery & Insolvency, Dispute Resolution,
Employment, Environment, EU & Competition, IP/IT, Pensions,
Planning & Transportation, Property, Projects and Tax.

                           *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices
are obtained by TCR editors from a variety of outside sources
during the prior week we think are reliable.  Those sources may
not, however, be complete or accurate.  The Monday Bond Pricing
table is compiled on the Friday prior to publication.  Prices
reported are not intended to reflect actual trades.  Prices for
actual trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy
or sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies
with insolvent balance sheets whose shares trade higher than
US$3 per share in public markets.  At first glance, this list
may look like the definitive compilation of stocks that are
ideal to sell short.  Don't be fooled.  Assets, for example,
reported at historical cost net of depreciation may understate
the true value of a firm's assets.  A company may establish
reserves on its balance sheet for liabilities that may never
materialize.  The prices at which equity securities trade in
public market are determined by more than a balance sheet
solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com/

Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/books/to order any title today.

                           *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Jazel P. Laureno, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala, Kristina A.
Godinez, and Pius Xerxes Tovilla, Editors.

Copyright 2007.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.

Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *