TCREUR_Public/070517.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

             Thursday, May 17, 2007, Vol. 8, No. 97

                            Headlines


A U S T R I A

AEX JSC: Claims Registration Period Ends June 7
COTTO-MARMOR LLC: Innsbruck Court Orders Business Shutdown
D G WOHNBAU: Claims Registration Period Ends June 1
EPSILON GEWERBEIMMOBILIEN: Claims Registration Ends June 19
HEKLI LLC: Vienna Court Orders Business Shutdown

HOLDING KSW: Claims Registration Period Ends June 19
OEKO FLOOR: Salzburg Court Orders Business Shutdown


B E L G I U M

DEXIA SA: US$60 Mln Suit Settlement Hearing Slated for June 22


F R A N C E

INFOR GLOBAL: Workbrain Purchase Cues S&P to Hold B- Rating


G E R M A N Y

AUTOHAUS LINDLAR: Claims Registration Period Ends June 4
AUTOHAUS WENKE: Claims Registration Period Ends May 29
BECKSCHULTE VERFAHRENSTECHNIK: Claims Registration Ends June 1
DAIMLERCHRYSLER AG: Cerberus Eyes US$17 Bln to Fund Chrysler Ops
DAIMLERCHRYSLER AG: No Acquisition Plans for Now, Zetsche Says

EDDIE BAUER: Posts US$44.8 Mln Net Loss in First Quarter 2007
EUS EDV-INSTALLATIONEN: Claims Registration Period Ends July 5
FAIR-BAU GMBH: Claims Registration Period Ends May 29
FLEISCHEREI OLTMANNS: Claims Registration Period Ends June 26
FRITZ KRIEG: Claims Registration Period Ends June 8

GARDE SICHERHEIT: Claims Registration Ends June 6
GOTTSCHILD MASCHINEN: Claims Registration Ends June 21
HERM. ISERT NACHF: Claims Registration Ends May 25
ILLERTALER BIOMASSE: Claims Registration Ends June 14
KARL DENKINGER: Claims Registration Ends June 29

KERIM HANDELSAGENTUR: Creditors' Meeting Slated for June 1
KITSCHEN GMBH: Claims Registration Ends June 18
KTC WERKSTATT: Claims Registration Ends June 28
LH HOTEL: Creditors Must Register Claims by June 18
LUCAS FLEXOPRINT: Creditors Must Register Claims by June 25

MARIOU MOELLER: Creditors Must Register Claims by June 11
MAXWITAT AUTOMOBILE: Creditors Must Register Claims by June 25
METALLBAU ANDREAS: Claims Registration Period Ends June 18
MYPHOTOPRESENT PRODUKTIONS: Claims Registration Ends June 5
NORDPUNKT KONSUMGUETER: Creditors' Meeting Slated for June 11

OPPER.MANN GMBH: Claims Registration Period Ends June 11
RLA ABWICKLUNGS: Claims Registration Period Ends June 19
SCHEFENACKER PLC: Chapter 15 Petition Summary
SCHIEDER MOEBEL: Founder Rolf Demuth Leaves Managerial Post
SENDLER DRUCK: Claims Registration Period Ends June 15

SOR-I DEUTSCHLAND: Claims Registration Period Ends June 5
STAHL-UND INGENIEURGERUESTBAU: Claims Registration Ends June 5
STEFAN REINCKE: Claims Registration Period Ends June 18
T K MONTAGE: Claims Registration Period Ends June 4
WEILACHER GMBH: Claims Registration Period Ends June 22

WESTCOAST CONSULTING: Claims Registration Period Ends June 5


I R E L A N D

ARDAGH GLASS: Rexam Deal Cues S&P to Lift Rating to B from B-


I T A L Y

ALITALIA SPA: Posts EUR147 Million Pre-Tax Losses for Q1 2007
ALITALIA SPA: Three Bidders Qualify to Submit Binding Offers


K A Z A K H S T A N

ASIA DESIGN: Creditors Must File Claims by May 30
ASSOCIATION SODRUJESTVO: Creditors' Claims Due May 30
EKIBASTUZ TECHCOMPLECT: Claims Registration Ends June 20
HALYK BANK: Secures 10-Year Eurobonds for US$700 Million
HLEBOZAVOD OJSC: Proof of Claim Deadline Slated for June 22

JYLY TOBE: Claims Filing Period Ends June 14
OREAL-K LLP: Creditors Must File Claims by June 6
PTITSEFABRIKA LLP: Creditors' Claims Due June 14
RISK-INVEST CJSC: Proof of Claim Deadline Slated for June 25
SHYGYS-KOD LLP: Claims Registration Ends June 22


K Y R G Y Z S T A N

RICHNESS LLC: Creditors Must File Claims by July 4


L U X E M B O U R G

EVRAZ GROUP: Earns RUR10.37 Billion for First Quarter 2007
EVRAZ GROUP: Major Units' Net Profit Rises in First Quarter 2007


N E T H E R L A N D S

KONINKLIJKE AHOLD: To Buy Back EUR3 Billion in Shares


R U S S I A

AMBER LLC: Creditors Must File Claims by June 28
BUSH CJSC: Creditors Must File Claims by May 28
ENTAZIS CJSC: Novosibirsk Bankruptcy Hearing Slated for July 3
EVRAZ GROUP: Earns RUR10.37 Billion for First Quarter 2007
EVRAZ GROUP: Major Units' Net Profit Rises in First Quarter 2007

IZMAYLOVSKOYE-1 CJSC: Creditors Must File Claims by May 28
KHAKASIYA LLC: Creditors Must File Claims by May 28
KUZNITSOVO LLC: Court Starts Bankruptcy Supervision Procedure
MARYEVO-WOOD CJSC: Creditors Must File Claims by May 28
MURMANSKAYA CLOTH: Ryazan Bankruptcy Hearing Slated for July 31

NEW CONSTRUCTIONS: Komi Bankruptcy Hearing Slated for June 24
ROSNEFT OIL: Earns US$3.53 Billion in 2006 Under U.S. GAAP
RUS-WOOD CJSC: Court Names G. Artyshuk as Insolvency Manager
SHIPYARD 1: Creditors Must File Claims by May 28
STRUGOKRASNENSKIY DIARY: Creditors Must File Claims by June 28

VERKHNEKAMSKAYA PHOSPHORITE: Asset Sale Slated for May 29
WOODWORKING COMBINE: Murmansk Court Hearing Slated for July 19
ZELENCHUKSKAYA SEL-KHOZ-TEKHNIKA: Claims Filing Ends June 28


S W I T Z E R L A N D

CAFFE BAR: Uri Court Closes Bankruptcy Proceedings
G-GAMES LLC: Creditors' Liquidation Claims Due May 29
ISE-HOSPITALITY JSC: Creditors' Liquidation Claims Due May 29
KRISPY KREME: Creditors' Liquidation Claims Due May 29
RAINER BURRI: Creditors' Liquidation Claims Due May 29

ROYAL PARTNERWAHL: Creditors' Liquidation Claims Due May 29
STAUBER TRANSPORTE: Aargau Court Starts Bankruptcy Proceedings
T. WISLER: Basel Court Closes Bankruptcy Proceedings
UG MANAGEMENT: Creditors' Liquidation Claims Due May 29
VOGELE + VILLIGER: Claims Registration Period Ends May 28


U K R A I N E

AGRO-LUCH LLC: Creditors Must File Claims by May 23
BUSINESS CONCERN: Creditors Must File Claims by May 23
CANVIT LLC: Creditors Must File Claims by May 23
GUARANTY MANAGEMENT: Creditors Must File Claims by May 20
INTERNITE-INDUSTRY LLC: Creditors Must File Claims by May 23

KRIVOY ROG: Creditors Must Submit Claims by May 23
NEMIROV LLC: Claims Filing Bar Date Set May 20
OKHTYRKA PETROLEUM: Creditors Must File Claims by May 23
VARIANT LLC: Creditors Must Submit Claims by May 23
VOSTOCK-TIRAN LLC: Creditors Must File Claims by May 23


U N I T E D   K I N G D O M

ARC-FAB LTD: T. Papanicola Leads Liquidation Procedure
AVALON SCHOOL: Appoints T. Papanicola as Liquidator
BARNEL BUILDING: Taps Liquidators from Lines Henry
CALL-A-KEG LTD: Unsecured Creditors May Not Recover Claims
CAMPION MCCALL: Joint Liquidators Take Over Operations

EUROFRESH DESIGNS: Calls In Liquidator from HKM LLP
FOODCORP LTD: First Lifestyle Buy Prompts S&P to Remove Watch
HALLMARQUE ASSISTANCE: Names C. H. I. Moore Liquidator
IMAGETRACK LTD: Brings In Liquidators from Shipleys LLP
NEWFIELD EXPLORATION: Fitch Hands BB+ IDR on Rocky Mountain Buy

PAINT POTS: Taps Paul James Fleming to Liquidate Assets
SHELDEN CURTAINS: Appoints Lane Bednash as Liquidator
THORNSHAW LTD: Hires Brendan Doyle to Liquidate Assets
TIFFIN LONDON: Names Michaela Joy Hall Liquidator
WEBFREIGHT SAMEDAY: Appoints Liquidators from Tait Walker

WORLD GYM: Joint Liquidators Take Over Operations

* Upcoming Meetings, Conferences and Seminars


                            *********


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


AEX JSC: Claims Registration Period Ends June 7
-----------------------------------------------
Creditors owed money by JSC AEX (FN 188708m) have until June 7
to file written proofs of claim to court-appointed estate
administrator Gerhard Stauder at:

         Mag. Gerhard Stauder
         c/o Dr. Georg Kahlig
         Siebensterngasse 42
         1070 Vienna
         Austria
         Tel: 523 47 91
         Fax: 523 47 91 33
         E-mail: kahlig.partner@aon.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:45 a.m. on June 21 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1701
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on April 20 (Bankr. Case No. 6 S 46/07t).  Georg Kahlig
represents Mag. Stauder in the bankruptcy proceedings.


COTTO-MARMOR LLC: Innsbruck Court Orders Business Shutdown
----------------------------------------------------------
The Land Court of Innsbruck entered April 26 an order shutting
down the business of LLC Cotto-Marmor (FN 145982f).

Court-appointed estate administrator Markus Kostner 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. Markus Kostner
         c/o Dr. Otmar Schimana
         Schoepfstrasse 6a
         6020 Innsbruck
         Austria
         Tel: 0512/56 15 70
         Fax: 0512/56157015
         E-mail: markus.kostner@aon.at
                 office@schimana.com

Headquartered in Innsbruck, Austria, the Debtor declared
bankruptcy on April 20 (Bankr. Case No 19 S 41/07p).
Otmar Schimana represents Dr. Kostner in the bankruptcy
proceedings.

Dr. H. Schar, Dr. A. Oberhofer, Dr. B. Schmidhammer and
Dr. T. Juen represent the Debtor in the bankruptcy proceedings.

The Debtor's representatives can be reached at:

         Leopoldstrasse 31a
         6020 Innsbruck
         Austria
         Tel: 0512/58 11 92


D G WOHNBAU: Claims Registration Period Ends June 1
---------------------------------------------------
Creditors owed money by LLC D G Wohnbau (FN 281086m) have until
June 1 to file written proofs of claim to court-appointed estate
administrator Ernst Madlener at:

         Mag. Ernst Madlener
         Feldweg 8
         6111 Volders
         Austria
         Tel: 05224/52773
         Fax: 05224/52773
         E-mail: mag.madlener@chello.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 a.m. on June 18 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Innsbruck
         Hall 212
         Second Floor
         New Building
         Maximilianstrasse 4
         6020 Innsbruck
         Austria

Headquartered in Schwaz, Austria, the Debtor declared bankruptcy
on April 26 (Bankr. Case No. 19 S 33/07m).  Dr. Herbert Fink
represents the Debtor in the bankruptcy proceedings.

The Debtor's representative can be reached at:

         Dr. Herbert Fink
         Kaiser-Josefstrasse 13
         6020 Innsbruck
         Austria
         Tel: 0512/58 40 80
         Fax: 0512/58 40 80 40
         E-mail: ra.fink@inode.at


EPSILON GEWERBEIMMOBILIEN: Claims Registration Ends June 19
-----------------------------------------------------------
Creditors owed money by LLC Epsilon Gewerbeimmobilien (FN
244216t) have until June 19 to file written proofs of claim to
court-appointed estate administrator Michael Lentsch at:

         Dr. Michael Lentsch
         Hauptplatz 32
         2700 Wiener Neustadt
         Austria
         Tel: 02622/27 0 41
         Fax: 02622/29246
         E-mail: office@kosch-partner.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 a.m. on July 3 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Wiener Neustadt
         Room 15
         Wiener Neustadt
         Austria

Headquartered in Leobersdorf, Austria, the Debtor declared
bankruptcy on April 20 (Bankr. Case No. 11 S 49/07b).


HEKLI LLC: Vienna Court Orders Business Shutdown
------------------------------------------------
The Trade Court of Vienna entered April 25 an order shutting
down the business of LLC Hekli (4 S 45/07f).

Court-appointed estate administrator Ute Toifl declared that the
Debtor's estate is insufficient to cover creditors' claims.

The estate administrator can be reached at:

         Dr. Ute Toifl
         c/o Mag. Astrid Haider
         Tuchlauben 12/20
         1010 Vienna
         Austria
         Tel: 535 46 11-0
         Fax: 535 46 11-11
         E-mail: office@thr.at

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on April 19 (Bankr. Case No 4 S 45/07f).  Astrid Haider
represents Dr. Toifl in the bankruptcy proceedings.


HOLDING KSW: Claims Registration Period Ends June 19
----------------------------------------------------
Creditors owed money by LLC Holding KSW (FN 85482i) have until
June 19 to file written proofs of claim to court-appointed
estate administrator Gerhard Rigler at:

         Mag. Gerhard Rigler
         Hauptplatz 14
         2700 Wiener Neustadt
         Austria
         Tel:  02622/84 141
         Fax: 02622/84141-24
         E-mail: hain.advocat@utanet.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:00 a.m. on July 3 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Wiener Neustadt
         Room 1515
         Wiener Neustadt
         Austria

Headquartered in Lichtenwoerth - Nadelburg, Austria, the Debtor
declared bankruptcy on April 20 (Bankr. Case No. 11 S 51/07x).
Erich Allinger represents the Debtor in the bankruptcy
proceedings.

The Debtor's representative can be reached at:

         Mag. Erich Allinger
         Hauptplatz 11
         2700 Wr.Neustadt
         Austria


OEKO FLOOR: Salzburg Court Orders Business Shutdown
---------------------------------------------------
The Land Court of Salzburg entered April 23 an order shutting
down the business of KEG Oeko Floor (FN 148151w).

Court-appointed estate administrator Gernot Franz Herzog
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. Gernot Franz Herzog
         Haunspergstrasse 33
         5020 Salzburg
         Austria
         Tel: 0662/8700460
         Fax: 0662-878462
         E-mail: office@hauserherzog.com

Headquartered in Plainfeld, Austria, the Debtor declared
bankruptcy on April 11 (Bankr. Case No 23 S 10/07a).


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


DEXIA SA: US$60 Mln Suit Settlement Hearing Slated for June 22
--------------------------------------------------------------
The U.S. District Court for the District of Massachusetts will
hold a fairness hearing at 2:00 p.m. on June 22, 2007, for the
proposed US$60,000,000.00 settlement in the matter, "Hans A.
Quaak, Attilio Po, and Karl Leibinger, et al. v. Dexia S.A. and
Dexia Bank Belgium (formerly known as Artesia Banking Corp.
S.A., Case No. 03-CV-11566."

The hearing will be held before the Judge Patti B. Saris in the
U.S. District Court for the District of Massachusetts, Joseph
Moakley U.S. Courthouse, 1 Courthouse Way, Boston, MA 02210.

Any objections and exclusions to and from the settlement must be
made on or before June 8 and 12, 2007, respectively.  Deadline
for the submission of a proof of claim is on Aug. 21, 2007.

The settlement covers all persons who purchased common stock of
Lernout & Hauspie Speech Products N.V. (L&H) on the NASDAQ stock
market or purchased L&H call options or sold L&H put options on
any U.S.-based options exchange between Aug. 19, 1998, and
Nov. 9, 2000.

                        Case Background

L&H was a Belgium-based speech recognition software
manufacturer.  During the fall of 2000, L&H announced that, as a
result of past accounting "errors and irregularities," the
Company had overstated its publicly reported revenues by 64%, or
a total of US$377,000,000.00 (US$377 million).

On Nov. 29, 2000, L&H filed for Chapter 11 bankruptcy protection
in the U.S. Bankruptcy Court for the District of
Delaware.

Beginning on Aug. 9, 2000, sixteen class actions were filed in
or transferred to the U.S. District Court for the District of
Massachusetts.

The plaintiffs in those actions alleged that the defendants
violated the federal securities laws by engaging in accounting
fraud at L&H.

These actions were consolidated by Orders dated Feb. 26, 2001
and Sept. 10, 2001, under the caption, "In re Lernout & Hauspie
Securities Litigation (In re L&H)."

By its Order dated Feb. 26, 2001, the Court appointed Hans A.
Quaak, Attilio Po and Karl Leibinger as the Lead Plaintiffs for
the Class in In re L&H and approved the Lead Plaintiffs'
selection of counsel, appointing Berman DeValerio Pease Tabacco
Burt & Pucillo; Shalov Stone Bonner & Rocco LLP; and Cauley
Bowman Carney & Williams, PLLC as Lead Counsel in In re L&H.

The Lead Plaintiffs and Lead Counsel undertook massive formal
and informal discovery efforts in connection with the In re L&H
action.  In August 2003, based on recently reported news and
evidence uncovered in the course of Lead Counsel's investigation
of Class Members' claims, Plaintiffs filed this Action against
Dexia's parent, Dexia, S.A.

In their initial complaint, the Lead Plaintiffs alleged that
Dexia, S.A. was liable for alleged violations of the federal
securities laws committed by its predecessor, Artesia Banking.
Plaintiffs later named Dexia, the corporate successor to Artesia
Banking, as a defendant in this Action and agreed to voluntarily
dismiss Dexia, S.A. as a defendant.

In their Fourth Amended Class Action Complaint, dated Nov. 2,
2006, plaintiffs allege that, between Aug. 19, 1998 and Nov. 9,
2000, Artesia Banking and its subsidiary, Artesia Securities,
S.A., directly participated in a fraudulent scheme designed to
inflate artificially L&H's financial results and stock price and
issued certain materially false and misleading representations
in analyst reports concerning L&H, all in violation of Sections
10(b), 20(a) and 20A of the U.S. Securities Exchange Act of 1934
and Rule 10b-5 promulgated thereunder.

Specifically, Plaintiffs allege that Artesia Banking violated
the federal securities laws by, among other things, providing
and concealing loans to purportedly "unaffiliated" L&H customers
that were secretly guaranteed by L&H's officers and by issuing
fraudulent analyst reports in the name of Artesia Securities
that positively reported on L&H's operations and financial
performance without disclosing Artesia Banking's role in
inflating L&H's reported financial results.

Plaintiffs further allege that, while engaging in this scheme,
Artesia Banking sold shares of L&H common stock without
disclosing its fraudulent scheme in violation of Sections 10(b)
and 20A of the Exchange Act and Rule 10b-5.

Plaintiffs further alleged that they and other Class Members
purchased L&H Securities during the Class Period at prices
artificially inflated as a result of the fraudulent scheme
Plaintiffs alleged and by the false statements and omissions
identified in the Complaint.

By orders dated Feb. 9, 2005 and Aug. 8, 2006, the Court denied
Dexia's motions to dismiss the Second and Third Amended
complaints, respectively.  Dexia's motion to dismiss the insider
trading claim asserted in the Fourth Amended Complaint was
pending at the time the parties reached this Settlement.
Plaintiffs' motion to certify the Class was also pending at that
time.

For more details, contact:

         Lernout & Hauspie Securities Litigation
         The Dexia Settlement
         c/o A.B. Data, Ltd.
         P.O. Box 170500
         Milwaukee, WI 53217-8041
         Phone: (866) 828-2348 or (414) 963-6490
         Web site: http://www.lernouthauspiesettlement.com/

         Patrick T. Egan, Esq.
         Berman DeValerio Pease Tabacco Burt & Pucillo
         One Liberty Square
         Boston, MA 02109
         Phone: (617) 542-8300

              - and -

         Patrick L. Rocco, Esq.
         Shalov Stone Bonner & Rocco LLP
         485 Seventh Avenue, Suite 1000
         New York, NY 10018
         Phone: (212) 239-4340

Dexia S.A. -- http://www.dexia.com/-- is a leader in public
sector financing and financial services for the local public
sector, a major retail bank in Belgium and Luxembourg, a
recognized provider of investment management services.


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


INFOR GLOBAL: Workbrain Purchase Cues S&P to Hold B- Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B-' corporate
credit rating and its stable outlook on Alpharetta, Georgia-
based Infor Global Solutions Holdings Ltd.

At the same time, Standard & Poor's affirmed its 'B-' bank loan
and '2' recovery ratings on Infor's approximately US$2.85
billion first-lien senior secured bank facility (including the
proposed US$55 million term loan add-on).

Standard & Poor's also affirmed its 'CCC' bank loan and '5'
recovery ratings on Infor's nearly US$1.6 billion second-lien
senior secured term loan (including the proposed US$170 million
add-on).

The ratings affirmations follow recent announcements that Infor
will acquire Workbrain Corporation, a leading global provider of
workforce management software, and Hansen Information
Technologies, a leading supplier of software applications to
manage government operations.  The proposed add-on term loans
will partially fund the acquisitions.

"While these acquisitions introduce additional integration risk
following recent very aggressive acquisition activity (and a
US$500 million, debt-financed dividend to shareholders), Infor's
financial profile, including operating lease-adjusted total debt
to EBITDA estimated to be in the mid-8x area, on a GAAP basis,
is only modestly affected by this transaction," said Standard &
Poor's credit analyst Ben Bubeck.  "Furthermore, our expectation
for positive free operating cash flow generation in future
periods, along with potential strategic benefits from a
strengthened human capital management product extension and an
expanded vertical end market, support our 'B-' corporate credit
rating," he continued.

The ratings reflect Infor's limited track record following a
very aggressive acquisition strategy, its high debt leverage,
and an aggressive financial policy.  These factors are only
partially offset by the company's leading presence in its
selected mid-market niche, a largely recurring revenue base, and
a broad and diverse customer base.

                       About Infor Global

Headquartered in Alpharetta, Georgia and a Cayman Islands
exempted company, Infor Global Solutions Holdings Ltd., --
http://www.infor.com/-, is a global provider of financial and
enterprise applications software.  The company has locations in
Japan, Australia, Austria, China, France, India, Mexico,
Singapore, and Spain, among others.


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


AUTOHAUS LINDLAR: Claims Registration Period Ends June 4
--------------------------------------------------------
Creditors of Autohaus Lindlar GmbH have until June 4 to register
their claims with court-appointed insolvency manager
Hans-Gerd Jauch.

Creditors and other interested parties are encouraged to attend
the meeting at 11:30 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 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 District Court of Cologne opened bankruptcy proceedings
against Autohaus Lindlar GmbH on April 27.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The insolvency manager can be reached at:

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

The Debtor can be reached at:

         Autohaus Lindlar GmbH
         Ruebezahlwald 18
         51469 Bergisch Gladbach
         Germany


AUTOHAUS WENKE: Claims Registration Period Ends May 29
------------------------------------------------------
Creditors of Autohaus Wenke GmbH have until May 29 to register
their claims with court-appointed insolvency manager
Michael Moenig.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 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 Muenster
         Meeting Hall 119 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 District Court of Muenster opened bankruptcy proceedings
against Autohaus Wenke GmbH on May 3.  Consequently, all pending
proceedings against the company have been automatically stayed.

The insolvency manager can be reached at:

         Michael Moenig
         Von-Steuben-Strasse 20
         48143 Muenster
         Germany
         Tel: 0251/53599-0
         Fax: +492515359910

The Debtor can be reached at:

         Autohaus Wenke GmbH
         Attn: Petra Oekentorp, Manager
         Kaiserbusch 23
         48165 Muenster
         Germany


BECKSCHULTE VERFAHRENSTECHNIK: Claims Registration Ends June 1
--------------------------------------------------------------
Creditors of Beckschulte Verfahrenstechnik GmbH have until
June 1 to register their claims with court-appointed insolvency
manager Hans-Gerd Jauch.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 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 Cologne
         Meeting Hall 142
         First 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 District Court of Cologne opened bankruptcy proceedings
against Beckschulte Verfahrenstechnik GmbH on May 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The insolvency manager can be reached at:

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

The Debtor can be reached at:

         Beckschulte Verfahrenstechnik GmbH
         Attn: Friedrich and Oliver Beckschulte, Managers
         Dunstablestr. 5
         51145 Cologne
         Germany


DAIMLERCHRYSLER AG: No Acquisition Plans for Now, Zetsche Says
--------------------------------------------------------------
DaimlerChrysler AG won't likely be involved in the ongoing
consolidation of the auto industry and will work hard to remain
independent in the wake of Cerberus Capital Management LP's US$7
billion takeover of the Chrysler Group, the Wall Street Journal
reports, quoting Daimler CEO Dieter Zetsche.

The deal to relinquish 80.1% of Chrysler to private-equity firm
Cerberus will allow DaimlerChrysler to focus on strengthening
its luxury Mercedes brand and on boosting its commercial-truck
business, WSJ states.  Mr. Zetsche said the company may seek
deals to expand its truck business, known as the Truck Group,
especially in the U.S. or India.  Earlier this year, Daimler's
Truck Group bought a 24% stake in China's Beiqi Foton Motor Co.,
which makes vans.

Mr. Zetsche has expressed his intent to concentrate on improving
efficiency and operations at Daimler, develop growth potential
and pursue new opportunities, WSJ relates.  He added that he has
more ambitious targets for Mercedes beyond the 7% return on
sales the company has as a goal this year.

               Major Shareholders Disposes Stake

Mr. Zetsche remarks came as major shareholder Dubai
International Capital, controlled by Dubai's Maktoum family,
disclosed it had sold its US$1 billion stake in the company,
ahead of Daimler's announcement of a deal to relinquish control
of Chrysler.

The carmaker's shareholder structure has been under scrutiny
because, unlike its German car-making rivals, it doesn't have a
single large shareholder as a bulwark against a takeover, WSJ
observes.

Mr. Zetsche, who had expressed concerns that the company's low
share price because of Chrysler's burdens could make it a
takeover target, said that the recent rise in the company's
share price makes it a less attractive acquisition, WSJ notes.
"I don't know if a majority shareholder is exclusively helpful,
and it doesn't mean absolute protection," Mr. Zetsche said.

                   Ex-CEO Schrempp Takes Blame

Meanwhile, Juergen Graesslin, head of DaimlerChrysler Critical
Shareholders Association, blamed Juergen Schrempp for the
US$12.6 billion loss in the company's market value in the nine
years following the merger between Chrysler Corp. and Daimler-
Benz AG, Bloomberg News reports.

"Schrempp was certainly the biggest destroyer of capital in
Daimler's history and most likely in the history of corporate
Germany," said Mr. Graesslin, who also authors a biography on
Mr. Schrempp.

Mr. Schrempp was the architect of the US$36 billion takeover of
Chrysler Corp. by Daimler-Benz AG.  DaimlerChrysler shares have
fallen 15% since Nov. 17, 1998, the day the combined company
started trading.  The stock in Germany peaked half a year after
the merger and never recovered.

                      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.


DAIMLERCHRYSLER AG: Cerberus Eyes US$17 Bln to Fund Chrysler Ops
----------------------------------------------------------------
Cerberus Capital Management LP will avail of a US$17 billion
credit to finance the turnaround of Chrysler Group, Richard
Milne and John Reed reports for The Financial Times.

The figure includes US$12 billion made available as an undrawn
credit line for the operating business of newly acquired
Chrysler Group, plus the US$5 billion Cerberus has pledged to
put on the DaimlerChrysler AG unit's balance sheet.

The US$17 billion is part of US$60 billion in loans committed vt
a group of five banks, FT adds.

According to the report, the automaker could use the money to
secure an agreement on healthcare liabilities.  Analysts say
Cerberus-backed Chrysler may follow Goodyear's example in
striking a healthcare bargain with the United Auto Workers union
where both parties agree on the liability and the company
provides a fixed amount to settle it for good.

About US$50 billion of the funding will be needed to refinance
assets that will constitute Chrysler's financial services arm,
Chrysler Financial Services, FT notes.  The US$50 billion in
debt for Chrysler Finance will be backed by US$76 billion in
assets and in essence replaces the debt that Daimler currently
holds in the business.

The financing package is also a noteworthy backing of the
troubled US motor industry by the banks, FT observes.  JPMorgan
advised Daimler on the deal.  It also took part in the financing
team for Cerberus alongside Goldman Sachs, Citigroup, Morgan
Stanley and Bear Stearns.

                      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.


EDDIE BAUER: Posts US$44.8 Mln Net Loss in First Quarter 2007
-------------------------------------------------------------
Eddie Bauer Holdings Inc. reported financial results for the
first quarter of fiscal year 2007.

For the first quarter ended March 31, 2007, total revenues
increased by approximately 10.0% to US$214 million from US$194.5
million in the first quarter last year.  Total revenues for the
first quarter of 2007 included net merchandise sales of US$200
million, shipping revenues of US$8.7 million, licensing royalty
revenues of US$3.5 million, royalty revenues from foreign joint
ventures of US$1.5 million, and other revenues of US$0.3
million.

In the first quarter of 2006, total revenues included net
merchandise sales of US$180.5 million, shipping revenues of
US$8.2 million, licensing royalty revenues of US$3.9 million,
royalty revenues from foreign joint ventures of US$1.7 million,
and other revenues of US$0.2 million.

Net merchandise sales for the first quarter of 2007 included
US$136.4 million of sales from the Company's retail and outlet
stores and US$63.6 million of sales from its direct channel,
which includes sales from its catalogs and Web sites.  This
compares to US$125.9 million of sales from the Company's retail
and outlet stores and US$54.6 million of sales from its direct
channel in first quarter of fiscal 2006.  Comparable store sales
for the first quarter of 2007 increased by 9.5%, and sales in
the Company's direct channel increased 16.3%.  Comparable store
sales include net sales from retail and outlet stores that have
been open for one complete fiscal year.

Gross margin for the first quarter of 2007 was US$58.6 million,
an increase of US$10 million from US$48.6 million for the first
quarter of 2006.  Gross margin percentage for the first quarter
of 2007 rose to 29.3%, up from 26.9% in the first quarter of
fiscal 2006.  The increase was due primarily to a decrease in
occupancy costs as a percentage of net merchandise sales.

The Company reported a net loss for the first quarter of 2007 of
US$44.8 million, or US$1.47 per diluted share, compared to a net
loss of US$35.6 million, or US$1.19 per diluted share, in the
same period in 2006.  The net loss of US$44.8 million in the
first quarter of 2007 included non-recurring expenses totaling
approximately US$16.4 million including a previously announced
US$5 million merger termination fee and US$1.4 million in legal
fees and expenses related to the Company's proposed sale to an
affiliate of Sun Capital Partners and Golden Gate Capital;
US$8.4 million of expenses, including US$3.2 million of
accelerated stock-based compensation expense, related to the
resignation of the Company's former Chief Executive Officer; and
a US$1.6 million legal settlement.  The net loss of
US$35.6 million for the first quarter of 2006 included a loss
from discontinued operations of US$534,000.

Income tax benefit for the first quarter of fiscal 2007 was
US$1.1 million compared to US$3.9 million in the first quarter
of 2006.

Income (loss) from continuing operations before income taxes,
interest expense and depreciation and amortization expense, or
EBITDA, for the first quarter of 2007 was a loss of US$25.8
million, compared to a loss of US$19.5 million for the first
quarter of 2006.  EBITDA for the first quarter of 2007 exclusive
of the aforementioned non-recurring expenses was a loss of
US$9.4 million.  EBITDA is a non-GAAP financial measure that
management believes is an important metric because it is a key
factor in how it measures operating performance.  In addition,
the Company incurred pre-tax, non-cash stock compensation
expense of US$4.7 million in the first quarter of 2007, which
includes the US$3.2 million related to the resignation of the
former Chief Executive Officer, compared to stock-based
compensation expense of US$3.3 million in the first quarter of
2006.

"During the first quarter, we were happy to see a continuation
of the improved business trends we experienced during the fourth
quarter of 2006," Eddie Bauer Interim Chief Executive Officer
Howard Gross said.  "Customers have responded positively to our
refocused merchandise assortment, which is more in line with the
needs and preferences of our core customers and capitalizes on
our brand's unique outdoor heritage.  Our strategy is to
continue to refine and enhance our product line in order to
drive comparable store sales growth in both our retail and
direct channels, and we are encouraged that the initial changes
we have been making appear to be resonating with consumers."

The Company further noted that, while it is pleased that first
quarter EBITDA results exclusive of the non-recurring expenses
are improved from last year, it must continue to make
improvements to the merchandise collection and improve same
store sales and sales per square foot in its retail and outlet
channel and increase sales in its direct channel in order to
develop a sustainable trend of improving results.

On April 4, 2007, the Company completed a refinancing of its
outstanding debt, replacing its previous US$274 million senior
secured term loan with a new US$225 million term loan and US$75
million in 5.25% convertible senior notes due 2014.  The new
financing package provides the Company with greater financial
flexibility and lower interest expense as it implements its
turnaround strategy.  The Company will recognize a loss on
extinguishment of debt of US$3.3 million in its second fiscal
quarter resulting from the write-off of deferred financing fees
on the previous term loan.

As of March 31, 2007, the Company operated 367 retail and outlet
stores in total, consisting of 251 retail stores and 116 outlet
stores.  During the first quarter, the Company opened one retail
store and two outlet stores and closed 29 retail stores and one
outlet store.

                          About Eddie Bauer

Headquartered in Redmond, Washington, Eddie Bauer Holdings Inc.
(NASDAQ: EBHI) -- http://www.eddiebauer.com/-- is a specialty
retailer that sells casual sportswear and accessories for the
"modern outdoor lifestyle."  Established in 1920 in Seattle,
Eddie Bauer products are available at approximately 380 stores
throughout the United States and Canada, through catalog sales
and online at http://www.eddiebaueroutlet.com/ The company also
participates in joint venture partnerships in Japan and Germany
and has licensing agreements across a variety of product
categories.  Eddie Bauer employs 10,000 part-time and full-time
associates in the United States and Canada.

                          *     *     *

As reported in the Troubled Company Reporter on March 26,
Standard & Poor's Rating Services lowered the ratings on Eddie
Bauer Holdings Inc., to 'B-' from 'B'.

At the same time, Standard & Poor's removed the rating from
CreditWatch with negative implications, where it was placed on
Nov. 13, 2006.  S&P said the outlook is negative.


EUS EDV-INSTALLATIONEN: Claims Registration Period Ends July 5
--------------------------------------------------------------
Creditors of EUS EDV-Installationen und Starkstromanlagen GmbH &
Co. KG have until July 5 to register their claims with court-
appointed insolvency manager Kerstin Becker.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Aug. 16, 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 Frankfurt (Main)
         Hall 1
         Building F
         Klingerstrasse 20
         60313 Frankfurt (Main)
         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 Frankfurt (Main) opened bankruptcy
proceedings against EUS EDV-Installationen und Starkstromanlagen
GmbH & Co. KG on May 2.  Consequently, all pending proceedings
against the company have been automatically stayed.

The insolvency manager can be reached at:

         Kerstin Becker
         Zeilweg 42
         60439 Frankfurt (Main)
         Germany
         Tel: 069/963761-130
         Fax: 069/963761-145

The Debtor can be reached at:

         EUS EDV-Installationen und Starkstromanlagen
         GmbH & Co. KG
         Voltastr. 5
         65795 Hattersheim
         Germany


FAIR-BAU GMBH: Claims Registration Period Ends May 29
-----------------------------------------------------
Creditors of Fair-Bau GmbH & Co. KG have until May 29 to
register their claims with court-appointed insolvency manager
Leo Schoofs.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 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 Muenster
         Meeting Hall 119 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 District Court of Muenster opened bankruptcy proceedings
against Fair-Bau GmbH & Co. KG on May 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The insolvency manager can be reached at:

         Dr. Leo Schoofs
         Salierstr. 4
         46395 Bocholt
         Germany
         Tel: 028 71/21 83-0
         Fax: +4928712183410

The Debtor can be reached at:

         Fair-Bau GmbH & Co. KG
         Attn: Hans Joachim Diekmann and
         Rudolf Ostendorf, Managers
         Gewerbering 15
         48734 Reken
         Germany


FLEISCHEREI OLTMANNS: Claims Registration Period Ends June 26
-------------------------------------------------------------
Creditors of Fleischerei Oltmanns GmbH have until June 26 to
register their claims with court-appointed insolvency manager
Hubert Griesoph.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 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 Wilhelmshaven
         Hall 109
         Old Building
         Marktstrasse 15
         26382 Wilhelmshaven
         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 Wilhelmshaven opened bankruptcy
proceedings against Fleischerei Oltmanns GmbH on May 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The insolvency manager can be reached at:

         Hubert Griesoph
         Alte Wiefelsteder Str. 3
         26316 Varel
         Germany
         Tel: 04451-913880
         Fax: 04451-913839
         E-mail: buero@hsm-stb.de

The Debtor can be reached at:

         Fleischerei Oltmanns GmbH
         Wangerstr. 12
         26434 Wangerland
         Germany


FRITZ KRIEG: Claims Registration Period Ends June 8
---------------------------------------------------
Creditors of Fritz Krieg GmbH have until June 8 to register
their claims with court-appointed insolvency manager Vera Mai.

Creditors and other interested parties are encouraged to attend
the meeting at 8:40 a.m. on June 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 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 District Court of Dortmund opened bankruptcy proceedings
against Fritz Krieg GmbH on May 2.  Consequently, all pending
proceedings against the company have been automatically stayed.

The insolvency manager can be reached at:

         Vera Mai
         Werner Str. 12 a
         44388 Dortmund
         Germany

The Debtor can be reached at:

         Fritz Krieg GmbH
         Attn: Ulrich Prinz, Manager
         Adalbert-Stifter-Str. 17
         59427 Unna
         Germany


GARDE SICHERHEIT: Claims Registration Ends June 6
-------------------------------------------------
Creditors of Garde Sicherheit & Technik GmbH have until June 6
to register their claims with court-appointed insolvency manager
Cornelia Moenert.

Creditors and other interested parties are encouraged to attend
the meeting at 8:40 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 Bielefeld
         Hall 4065
         Fourth Floor
         Gerichtstrasse 66
         33602 Bielefeld
         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:

         Cornelia Moenert
         Lise-Meitner-Str. 13
         33605 Bielefeld
         Germany

The District Court of Bielefeld opened bankruptcy proceedings
against Garde Sicherheit & Technik GmbH on May 1.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Garde Sicherheit & Technik GmbH
         Rueckertstrasse 26
         33729 Bielefeld
         Germany


GOTTSCHILD MASCHINEN: Claims Registration Ends June 21
------------------------------------------------------
Creditors of Gottschild Maschinen Technologie GmbH have until
June 21 to register their claims with court-appointed insolvency
manager Jochen Schnake.

Creditors and other interested parties are encouraged to attend
the meeting at 10:45 a.m. on July 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 Bielefeld
         Hall 4065
         Fourth Floor
         Gerichtstrasse 66
         33602 Bielefeld
         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:

         Jochen Schnake
         Ravensberger Str. 11 u. 12
         33824 Werther
         Germany

The District Court of Bielefeld opened bankruptcy proceedings
against Gottschild Maschinen Technologie GmbH on May 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Gottschild Maschinen Technologie GmbH
         Weststr. 87
         33790 Halle
         Germany


HERM. ISERT NACHF: Claims Registration Ends May 25
--------------------------------------------------
Creditors of Herm. Isert Nachf. GmbH & Co. Kom.Ges. have until
May 25 to register their claims with court-appointed insolvency
manager Dr. Norbert Wischermann.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on June 30, 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 Hagen
         Area 283 Karlsruhe
         Second Floor
         Main House (New Building)
         Heinitzstrasse 42
         58097 Hagen
         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. Norbert Wischermann
         Untermauerstr. 22
         58332 Schwelm
         Germany

The District Court of Hagen opened bankruptcy proceedings
against Herm. Isert Nachf. GmbH & Co. Kom.Ges. on May 3.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Herm. Isert Nachf. GmbH & Co. Kom.Ges.
         Ruhrstr. 72
         58332 Schwelm
         Germany


ILLERTALER BIOMASSE: Claims Registration Ends June 14
-----------------------------------------------------
Creditors of Illertaler Biomasse Betriebs GmbH & Co. KG i.L.
have until June 14 to register their claims with court-appointed
insolvency manager Michael Pluta.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 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 Kempten
         SS 157/I
         Residenzplatz 4-6
         87435 Kempten
         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 Pluta
         Karlstr. 31-33
         89073 Ulm
         Germany
         Tel: 0731/96880-0
         Fax: 0731/96880-50

The District Court of Kempten opened bankruptcy proceedings
against Illertaler Biomasse Betriebs GmbH & Co. KG i.L. on
April 27.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Illertaler Biomasse Betriebs GmbH & Co. KG i.L.
         Wilhelm-Geiger-Strasse 1
         87561 Oberstdorf
         Germany


KARL DENKINGER: Claims Registration Ends June 29
------------------------------------------------
Creditors of Karl Denkinger GmbH have until June 29 to register
their claims with court-appointed insolvency manager
Axel W. Bierbach.

Creditors and other interested parties are encouraged to attend
the meeting at 9:20 a.m. on July 30, 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 reached at:

         Axel W. Bierbach
         Schwanthalerstr. 32
         80336 Munich
         Germany
         Tel: 54511-0
         Fax: 54511-444

The District Court of Munich opened bankruptcy proceedings
against Karl Denkinger GmbH on May 2.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Karl Denkinger GmbH
         Schulstr. 5
         85774 Unterfoehring
         Germany


KERIM HANDELSAGENTUR: Creditors' Meeting Slated for June 1
----------------------------------------------------------
The court-appointed insolvency manager for KERIM Handelsagentur
fuer Baukeramik GmbH & Co. KG, Thomas Becker, will present his
first report on the Company's insolvency proceedings at a
creditors' meeting at 9:20 a.m. on June 1.

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

         The District Court of Saarbruecken
         Meeting Hall 24
         Second Floor
         Branch Office Sulzbach
         Vopeliusstrasse 2
         66280 Sulzbach
         Germany

The Court will also verify the claims set out in the insolvency
manager's report at 11:40 a.m. on July 13 at the same venue.

Creditors have until June 22 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Thomas Becker
         Brckenstrasse 60
         66763 Dillingen
         Germany
         Tel: (06831) 769980
         Fax: (06831) 7699870

The District Court of Saarbruecken opened bankruptcy proceedings
against KERIM Handelsagentur fuer Baukeramik GmbH & Co. KG on
May 1.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         KERIM Handelsagentur fuer Baukeramik GmbH & Co. KG
         Attn: Karl Peter Weber, Manager
         Carl-Friedrich-Gauss-Str. 6
         66793 Saarwellingen
         Germany


KITSCHEN GMBH: Claims Registration Ends June 18
-----------------------------------------------
Creditors of Kitschen GmbH have until June 18 to register their
claims with court-appointed insolvency manager Eberhard Stock.

Creditors and other interested parties are encouraged to attend
the meeting at 10:45 a.m. on July 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 Moenchengladbach
         Meeting Hall A 14
         Ground Floor
         Hohenzollernstr. 157
         41061 Moenchengladbach
         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:

         Eberhard Stock
         Wilhelmshofallee 75
         47800 Krefeld
         Germany
         Tel: 02151-5813-0
         Fax: +4921515813133

The District Court of Moenchengladbach opened bankruptcy
proceedings against Kitschen GmbH on May 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Kitschen GmbH
         Attn: Dirk Holger Kitschen, Manager
         Industriering 14
         41751 Viersen
         Germany


KTC WERKSTATT: Claims Registration Ends June 28
-----------------------------------------------
Creditors of KTC Werkstatt GmbH have until June 28 to register
their claims with court-appointed insolvency manager
Dr. Sven-Holger Undritz.

Creditors and other interested parties are encouraged to attend
the meeting at noon on July 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 Norderstedt
         Hall B
         Rathausallee 80
         22846 Norderstedt
         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. Sven-Holger Undritz
         Jungfernstieg 51
         20354 Hamburg
         Germany

The District Court of Norderstedt opened bankruptcy proceedings
against KTC Werkstatt GmbH on May 4.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         KTC Werkstatt GmbH
         Gutenbergstrasse 8a
         24558 Henstedt-Ulzburg
         Germany

         Attn: Heiko Kwiatkowski, Manager
         Karklohweg 41
         24629 Kisdorf
         Germany


LH HOTEL: Creditors Must Register Claims by June 18
---------------------------------------------------
Creditors of LH Hotel Heide GmbH have until June 18 to register
their claims with court-appointed insolvency manager
Bernd Sundermeier.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on July 9, 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 Oldenburg
         Meeting hall
         Second Floor
         Elisabethstrasse 6
         26135 Oldenburg
         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:

         Bernd Sundermeier
         Alte Wiefelsteder Strasse 3
         26316 Varel
         Germany
         Tel: 04451 913880
         Fax: 04451 913839

The District Court of Oldenburg opened bankruptcy proceedings
against LH Hotel Heide GmbH on May 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         LH Hotel Heide GmbH
         Melkbrink 49-51
         26121 Oldenburg
         Germany


LUCAS FLEXOPRINT: Creditors Must Register Claims by June 25
-----------------------------------------------------------
Creditors of Lucas flexoprint GmbH have until June 25 to
register their claims with court-appointed insolvency manager
Nada Nasser.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on Aug. 1, 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 Moenchengladbach
         Meeting Hall A 14
         Ground Floor
         Hohenzollernstr. 157
         41061 Moenchengladbach
         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:

         Nada Nasser
         Gneisenaustrasse 52
         41061 Moenchengladbach
         Germany
         Tel: 02161 / 2479730
         Fax: 02161 / 2479629

The District Court of Moenchengladbach opened bankruptcy
proceedings against May 1 on Lucas flexoprint GmbH.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Lucas flexoprint GmbH
         Richard-Lucas-Strasse 8
         41812 Erkelenz
         Germany



MARIOU MOELLER: Creditors Must Register Claims by June 11
---------------------------------------------------------
Creditors of Mariou Moeller GmbH have until June 11 to register
their claims with court-appointed insolvency manager
Heinrich Stellmach.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 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 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:

         Heinrich Stellmach
         Salierstrasse 4
         46395 Bocholt
         Germany
         Tel: 02871/2183-0
         Fax: +4928712183410

The District Court of Muenster opened bankruptcy proceedings
against Mariou Moeller GmbH on May 3.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Mariou Moeller GmbH
         Markt 8
         46414 Rhede
         Germany


MAXWITAT AUTOMOBILE: Creditors Must Register Claims by June 25
--------------------------------------------------------------
Creditors of Maxwitat Automobile GmbH & Co. have until June 25
to register their claims with court-appointed insolvency manager
Stefan Meyer.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on July 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 Bielefeld
         Hall 4065
         Fourth Floor
         Gerichtstrasse 66
         33602 Bielefeld
         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:

         Stefan Meyer
         Ostertorstr. 7
         32312 Luebbecke
         Germany

The District Court of Bielefeld opened bankruptcy proceedings
against Maxwitat Automobile GmbH & Co. on May 3.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Maxwitat Automobile GmbH & Co.
         Walluecker Weg 63
         32549 Bad Oeynhausen
         Germany


METALLBAU ANDREAS: Claims Registration Period Ends June 18
----------------------------------------------------------
Creditors of Metallbau Andreas Bartsch GmbH & Co.KG have until
June 18 to register their claims with court-appointed insolvency
manager Heiko Rautmann.

Creditors and other interested parties are encouraged to attend
the meeting at 8:45 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 Justice Center of 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 reached at:

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

The Justice Center of Magdeburg opened bankruptcy proceedings
against Metallbau Andreas Bartsch GmbH & Co.KG on April 30.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Metallbau Andreas Bartsch GmbH & Co.KG
         Hilgesdorfer Str. 4
         39345 Flechtingen
         Germany

         Attn: Andreas Bartsch, Manager
         Hauptstr. 17
         39359 Mannhausen
         Germany


MYPHOTOPRESENT PRODUKTIONS: Claims Registration Ends June 5
-----------------------------------------------------------
Creditors of myphotopresent Produktions-und Vertriebs-GmbH have
until June 5 to register their claims with court-appointed
insolvency manager Andreas Mittendorff.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on July 10, 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 Hannover
         Hall 226
         Second Upper Floor
         Service Bldg.
         Hamburger Allee 26
         30161 Hannover
         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 Mittendorff
         Am Markte 13
         30159 Hannover
         Germany
         Tel: 0511 357721-0
         Fax: 0511 357721-40

The District Court of Hannover opened bankruptcy proceedings
against myphotopresent Produktions-und Vertriebs-GmbH on
April 25.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         myphotopresent Produktions-und Vertriebs-GmbH
         Weidendamm 30
         30167 Hannover
         Germany

         Attn: Michael Ott, Manager
         Albert-Niemann-Str. 7
         30171 Hannover
         Germany


NORDPUNKT KONSUMGUETER: Creditors' Meeting Slated for June 11
-------------------------------------------------------------
The court-appointed insolvency manager for NORDPUNKT
Konsumguetervertriebs GmbH, Christoph Schulte-Kaubruegger, will
present his first report on the Company's insolvency proceedings
at a creditors' meeting at 11:55 a.m. on June 11.

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 11:35 a.m. on Sept. 24 at the same venue.

Creditors have until Aug. 1 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Dr. Christoph Schulte-Kaubruegger
         Genthiner Str. 48
         10785 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against NORDPUNKT Konsumguetervertriebs GmbH on
May 1.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         NORDPUNKT Konsumguetervertriebs GmbH
         Keilerstr. 19
         13503 Berlin
         Germany


OPPER.MANN GMBH: Claims Registration Period Ends June 11
--------------------------------------------------------
Creditors of OPPer.mann GmbH have until June 11 to register
their claims with court-appointed insolvency manager Immo Hamer
von Valtier.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 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 Gifhorn
         Hall 114
         Am Schlossgarten 4
         38518 Gifhorn
         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:

         Immo Hamer von Valtier
         Rathenaustrasse 13/14
         30519 Hannover
         Germany
         Tel: 0511/16962-21
         Fax: 0511/16962-23
         E-mail: ImmoHamer@gmx.de

The District Court of Gifhorn opened bankruptcy proceedings
against OPPer.mann GmbH on May 2.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         OPPer.mann GmbH
         Attn: Rene Raeck, Manager
         Woltorfer Str. 18
         31224 Peine
         Germany


RLA ABWICKLUNGS: Claims Registration Period Ends June 19
--------------------------------------------------------
Creditors of RLA Abwicklungs GmBH have until June 19 to register
their claims with court-appointed insolvency manager
Stephan Mitlehner.

Creditors and other interested parties are encouraged to attend
the meeting at 11:55 a.m. on July 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 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 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 Mitlehner
         Walter-Benjamin-Platz 6
         10629 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against RLA Abwicklungs GmBH on May 4.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         RLA Abwicklungs GmBH
         Cicerostr. 2
         10709 Berlin
         Germany


SCHEFENACKER PLC: Chapter 15 Petition Summary
---------------------------------------------
Petitioners: Richard Heis
             Samantha Rae Bewick

Debtor: Schefenacker plc
        Castle Trading Estate
        East Street, Portchester
        Hampshire, England PO 16 9SD

Case No.: 07-11482

Type of Business: The Debtor is a holding company that operates
                  an international automotive mirrors and
                  lighting business through its subsidiaries.
                  See http://www.schefenacker.com/

                  Its principal financial indebtedness comprises
                  bank facilities in the aggregate principal
                  amount of EUR205 million under a New York law-
                  governed Indenture.  In August 2006,
                  Schefenacker AG (its predecessor), addressing
                  its increasing concern both with the
                  operational performance of the Debtor and its
                  subsidiaries and with the sustainability of
                  its capital structure, ordered a restructuring
                  plan.

                  Discussions on potential restructuring
                  scenarios culminated in Feb. 6, 2007 in a
                  binding term sheet entered into among the
                  Debtor, senior lenders, major customers, and
                  Dr. Alfred Schefenacher, the sole beneficial
                  owner of the equity interests in the Debtor,
                  which provided immediate necessary short term
                  liquidity to the Debtor and its subsidiaries
                  and formed the basis for the Company Voluntary
                  Agreement proposal as an alternative to
                  liquidation.

                  In October 2006, the Debtor's senior secured
                  lenders consented to the transactions required
                  by the financial restructuring contemplated in
                  the term sheet, which involved the transfer of
                  assets and liabilities of Schefenacker AG to
                  the Debtor.

                  Also, in Dec. 8, 2006, the majority of the
                  Debtor's bondholders approved the required
                  amendment to the Indenture.  Along with the
                  consent of Dr. Schefenacker's and the major
                  customers, the Debtor assumed all the assets
                  and liabilities of its predecessor in Feb. 9,
                  2007.

                  In March 5, 2007, the Petitioners agreed to be
                  the Debtor's nominees and joint supervisors \
                  with respect to the CVA.

Chapter 15 Petition Date: May 15, 2007

Court: Southern District of New York

Judge: Stuart M. Bernstein

Petitioner's Counsel: Kenneth P. Coleman, Esq.
                      Allen & Overy, L.L.P.
                      1221 Avenue of Americas
                      New York, NY 10022
                      Tel: (212) 610-6300
                      Fax: (212) 610-6399

Estimated Assets: More than a US$100 Million

Estimated Debts:  More than a US$100 Million


SCHIEDER MOEBEL: Founder Rolf Demuth Leaves Managerial Post
-----------------------------------------------------------
Schieder Moebel Holding GmbH reorganized its management three
weeks after averting insolvency proceedings, The Financial Times
reports, citing Frankfurter Allgemeine Zeitung as its source.

According to the report, company founder Rolf Demuth resigned
from his managerial post on May 15, 2007, but will continue to
advise the company.

Alix Partners Managing Director Ulrich Wlecke will be
responsible for the company's restructuring, Financial Times
relates.  The new five-member management team will consist of
Mr. Wlecke, Gert-Peter Maekelburger, Detlef Kaufeld, Gregor
Noelle and Axel Schulte.

As reported in the TCR-Europe on April 25, 2007, the company was
able to temporarily avert insolvency after its management,
creditors and bank lenders agreed on a EUR70 million bridging
loan.

TCR-Europe relates that Scheder 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/-- designs and manufactures
furniture in Europe.  The company has 41 production plants and
employs 11,000 people worldwide, 9,000 of which in Poland.  It
had turnover of EUR882 million in the financial year 2005/06 and
forecasts 3.4% turnover growth for year 2006/07.


SENDLER DRUCK: Claims Registration Period Ends June 15
------------------------------------------------------
Creditors of Sendler Druck & Medien GmbH have until June 15 to
register their claims with court-appointed insolvency manager
Bernd Depping.

Creditors and other interested parties are encouraged to attend
the meeting at 8:30 a.m. on July 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 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 reached at:

         Bernd Depping
         Kunibertistrasse 9
         45657 Recklinghausen
         Germany

The District Court of Bochum opened bankruptcy proceedings
against Sendler Druck & Medien GmbH on April 27.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Sendler Druck & Medien GmbH
         Karlstr. 37-39
         45661 Recklinghausen
         Germany

         Attn: Hannelore Sendler, Manager
         Leuzener Str. 17
         48734 Reken
         Germany


SOR-I DEUTSCHLAND: Claims Registration Period Ends June 5
---------------------------------------------------------
Creditors of sor-i Deutschland GmbH have until June 5 to
register their claims with court-appointed insolvency manager
Michael Bremen.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 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 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 reached at:

         Michael Bremen
         Sternstr. 58
         40479 Duesseldorf
         Germany

The District Court of Duesseldorf opened bankruptcy proceedings
against sor-i Deutschland GmbH on May 2.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         sor-i Deutschland GmbH
         Kaiserswerther Strasse 85 e
         40878 Ratingen
         Germany

         Attn: Thomas Niemetz, Liquidator
         Dorfstrasse 17 a
         82544 Egling
         Germany


STAHL-UND INGENIEURGERUESTBAU: Claims Registration Ends June 5
--------------------------------------------------------------
Creditors of Stahl- und Ingenieurgeruestbau Ehrmann + Lang GmbH
have until June 5 to register their claims with court-appointed
insolvency manager Rainer Bachert.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on July 9, 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:

         Rainer Bachert
         Hauptstr. 161
         68259 Mannheim
         Germany
         Tel: 0621/43288990

The District Court of Mannheim opened bankruptcy proceedings
against Stahl- und Ingenieurgeruestbau Ehrmann + Lang GmbH on
May 1.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Stahl- und Ingenieurgeruestbau Ehrmann + Lang GmbH
         Attn: Antje Lang and Armin Uwe Ehrmann, Managers
         Krappitzer Strasse 2
         68307 Mannheim
         Germany


STEFAN REINCKE: Claims Registration Period Ends June 18
-------------------------------------------------------
Creditors of Stefan Reincke Malerbetrieb GmbH have until June 18
to register their claims with court-appointed insolvency manager
Kerstin Gruettner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on July 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 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:

         Kerstin Gruettner
         Neuer Wall 86
         20354 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against Stefan Reincke Malerbetrieb GmbH on May 2.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Stefan Reincke Malerbetrieb GmbH
         Bramfelder Chaussee 377
         Haus 3
         22175 Hamburg
         Germany

         Attn: Stefan Reincke, Manager
         Gellertstrasse 7
         22307 Hamburg
         Germany


T K MONTAGE: Claims Registration Period Ends June 4
---------------------------------------------------
Creditors of T.K. Montage GmbH have until June 4 to register
their claims with court-appointed insolvency manager
Andreas Mueller-Stein.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 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 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:

         Andreas Mueller-Stein
         Schuetzenstr. 5
         50126 Bergheim
         Germany

The District Court of Cologne opened bankruptcy proceedings
against T.K. Montage GmbH on April 30.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         T.K. Montage GmbH
         Donatusstr. 127 - 129
         50259 Pulheim
         Germany

         Attn: Mehmet Temizkul
         Hartwichstr. 62
         50733 Cologne
         Germany


WEILACHER GMBH: Claims Registration Period Ends June 22
-------------------------------------------------------
Creditors of Weilacher GmbH have until June 22 to register their
claims with court-appointed insolvency manager Paul Wieschemann.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on July 23, 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 Kaiserslautern
         Hall 11
         Bahnhofstr. 24
         67655 Kaiserslautern
         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:

         Paul Wieschemann
         Flickerstal 2
         67657 Kaiserslautern
         Kazakhstan
         Tel: 0631/341950
         Fax: 0631/470269

The District Court of Kaiserslautern opened bankruptcy
proceedings against Weilacher GmbH on May 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Weilacher GmbH
         Hauptstrasse 32
         67813 St. Alban
         Germany

         Attn: Sven Weilacher
         Trierer Strasse 78
         56072 Koblenz
         Germany


WESTCOAST CONSULTING: Claims Registration Period Ends June 5
------------------------------------------------------------
Creditors of Westcoast Consulting GmbH have until June 5 to
register their claims with court-appointed insolvency manager
Dr. Achim Ahrendt.

Creditors and other interested parties are encouraged to attend
the meeting at 2:12 p.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 Husum
         Saal 4
         Theodor-Storm-Strasse 55
         Husum
         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 11-15
         22761 Hamburg
         Germany

The District Court of Husum opened bankruptcy proceedings
against Westcoast Consulting GmbH on May 5.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Westcoast Consulting GmbH
         Kraemerstrasse 11
         25813 Husum
         Germany


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


ARDAGH GLASS: Rexam Deal Cues S&P to Lift Rating to B from B-
-------------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term
corporate credit rating on Ireland-based glass-container
manufacturer Ardagh Glass Group PLC and related entities to 'B'
from 'B-', owing to the near completion of its acquisition of
Rexam PLC's (BBB/Negative/A-3) glass container manufacturing
division for EUR660 million, subject to approval from the
antitrust authorities in Poland.

The outlook is positive.

In addition, the ratings on the group's payment-in-kind notes
and related entity Ardagh Glass B.V.'s subordinated bond were
raised to 'CCC+' from 'CCC'.  At the same time, the ratings were
removed from CreditWatch, where they were originally placed on
March 13, 2007.

"Ardagh's business risk profile will strengthen following the
acquisition, as the group will gain a stronger market position
as one of the largest glass packaging providers in Europe, a
wider range of products, and a more diverse geographic
presence," said Standard & Poor's credit analyst Izabela
Listowska.  With pro forma combined sales of EUR1.3 billion, the
group will have leading market shares in its core markets of
Germany, the U.K., the Nordic region, Benelux countries, and
Poland.  This will be underpinned by the relatively recession-
resistant nature of its products, advanced production
technology, and well-invested asset base.  In addition, Ardagh's
profitability will benefit from Rexam's higher margin glass
operations, which reported an EBITDA margin of about 19% in 2006
compared with Ardagh's 9% on a stand-alone basis.  Expected
integration-related synergies and improved operating
efficiencies should support Ardagh's operating margins over the
medium term.

Ardagh's stand-alone operating margins have been declining in
recent years, to 9% in 2006 from 18% in 2004, owing to:

     -- The difficult operating environment in the U.K., where
        the group's cost base has been affected by unprecedented
        high and volatile natural gas prices, which could not be
        recouped from customers given the fixed-price contracts;
        and

     -- The market demand and supply imbalance following
        capacity additions by competitor Quinn Glass Ltd.

Although the U.K. market remains challenging, with natural gas
prices at high levels, the outlook for 2007 has improved
following recent capacity closures and improving pricing
discipline.  Furthermore, Ardagh is focusing on improving its
product mix by continuing to replace lower margin with higher
margin contracts.

"The acquisition will result in material additional leverage for
Ardagh.  Nevertheless, this is more than offset by improved
earnings from the acquisition, resulting in improved credit
measures," said Ms. Listowska.  "Ardagh's pro forma adjusted
debt to EBITDA was about 6x for the 12 months to March 31, 2007,
compared with about 8x for the same period on a stand-alone
basis.  S&P expect a growth in earnings to drive an improvement
in the credit measures over the near to medium term."

"The positive outlook reflects our expectation that the ratings
on Ardagh could be raised by one notch in the medium term if the
group's profitability and subsequently its credit measures
improve," said Ms. Listowska.  To secure an upgrade S&P would
expect adjusted debt to EBITDA to improve to less than 5.0x and
FFO to debt to about 15%.  If the group is not successful in
improving profitability, or if the trading environment
deteriorates, the outlook could be revised to stable.


=========
I T A L Y
=========


ALITALIA SPA: Posts EUR147 Million Pre-Tax Losses for Q1 2007
-------------------------------------------------------------
Alitalia S.p.A. posted EUR147 million in pre-tax losses on
EUR1.06 billion in net revenues for the first quarter ended
March 31, 2007, The Wall Street Journal reports.

The results were slightly better than in 2005, when the carrier
posted EUR157 million in pre-tax losses on EUR965 million in net
revenues, WSJ adds.  Alitalia's operating results were also
better in 2006, when it reported a EUR107 million loss compared
with a EUR129 million loss in 2005.

Meanwhile, all three bidders eyeing the Italian government's
39.9% stake in Alitalia have advanced to the next phase of the
auction, Reuters reports.

Antonio Di Pietro, Italian infrastructure minister, told WSJ
that two of the bids for the stake are highly competitive but
can be improved.

                         About Alitalia

Headquartered in Rome, Italy, Alitalia S.p.A. --
http://www.alitalia.it/-- provides air travel services for
passengers and air transport of cargo on national, international
and inter-continental routes.  In Europe, the company reaches 45
airports, with 1,238 flights per week.  In the rest of the
world, the Alitalia Group's aircrafts operate out of 32 airports
with 255 flights per week.  The Alitalia Group network is
centered on two main airports, Rome Fiumicino and Milan
Malpensa, and includes, as of Sept. 30, 2006, an operating fleet
of 182 aircrafts.  The Italian government owns 49.9% of
Alitalia.

Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million
in 2000 and 2001 respectively.  Alitalia registered EUR93
million in net profits in 2002 after a EUR1.4 billion capital
injection.  The carrier booked consecutive annual net losses of
EUR520 million in 2003, EUR813 million in 2004, and EUR168
million in 2005.


ALITALIA SPA: Three Bidders Qualify to Submit Binding Offers
------------------------------------------------------------
All three consortia eyeing the Italian government's 39.9% stake
in Alitalia S.p.A. have qualified to participate in the next
round of auction, Reuters reports.

Entering the next phase of auction are:

   -- OAO Aeroflot and Unicredito Italiano S.p.A.;

   -- AirOne S.p.A. and Intesa-San Paolo S.p.A.; and

   -- TPG Capital, MatlinPatterson Global Advisers and
      Mediobanca

The government gave the bidders until June 30, 2007, to submit
binding offers, Reuters adds.  The bidders will be given access
to Alitalia's financial books starting May 24, 2007.

Italian infrastructure minister Antonio Di Pietro told the Wall
Street Journal that two of the bids for the stake are highly
competitive but can be improved.

TCR-Europe earlier reported that Aeroflot and Unicredit will not
seek a third partner to boost their bid, following a reiteration
of support from the Russian government, which owns a majority
stake in the carrier.

Italian press had suggested the TPG consortium might bow out
from the bidding fray after the Italian government barred firms
from entering any of the existing consortia, Reuters relates.
The consortium has earmarked EUR5 billion to acquire and turn
around Alitalia.

Carlo Toto, Air One CEO, however, said EUR5 billion is only
around half of the total investment needed for Alitalia, Reuters
adds.

                         About Alitalia

Headquartered in Rome, Italy, Alitalia S.p.A. --
http://www.alitalia.it/-- provides air travel services for
passengers and air transport of cargo on national, international
and inter-continental routes.  In Europe, the company reaches 45
airports, with 1,238 flights per week.  In the rest of the
world, the Alitalia Group's aircrafts operate out of 32 airports
with 255 flights per week.  The Alitalia Group network is
centered on two main airports, Rome Fiumicino and Milan
Malpensa, and includes, as of Sept. 30, 2006, an operating fleet
of 182 aircrafts.  The Italian government owns 49.9% of
Alitalia.

Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million
in 2000 and 2001 respectively.  Alitalia registered
EUR93 million in net profits in 2002 after a EUR1.4 billion
capital injection.  The carrier booked consecutive annual net
losses of EUR520 million in 2003, EUR813 million in 2004, and
EUR168 million in 2005.


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


ASIA DESIGN: Creditors Must File Claims by May 30
-------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Asia Design insolvent.

Creditors have until May 30 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Office Four
         Kassin Str. 2/1
         Mamyr 050052
         Almaty
         Kazakhstan
         Tel: 8 (3272) 93-19-22
              8 777 559 68-31
              8 777 258 50-41


ASSOCIATION SODRUJESTVO: Creditors' Claims Due May 30
-----------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Association Sodrujestvo insolvent.

Creditors have until May 30 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Office Four
         Kassin Str. 2/1
         Mamyr 050052
         Almaty
         Kazakhstan
         Tel: 8 (3272) 93-19-22
              8 777 559 68-31
              8 777 258 50-41


EKIBASTUZ TECHCOMPLECT: Claims Registration Ends June 20
--------------------------------------------------------
The Specialized Inter-Regional Economic Court of Pavlodar has
declared LLP Ekibastuz Techcomplect insolvent.

Creditors have until June 20 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Pavlodar
         Elgin Str. 100
         Pavlodar
         Kazakhstan


HALYK BANK: Secures 10-Year Eurobonds for US$700 Million
--------------------------------------------------------
JSC Halyk Bank Kazakhstan disclosed the results of its Eurobond
issue and syndicated loan transaction.

                         Eurobond Issue

HSBK (Europe) B.V., the special purpose vehicle subsidiary of
JSC Halyk Bank Kazakhstan, successfully placed 10-year Eurobonds
for the principal amount of US$700 million fully guaranteed by
the Bank.   The placement followed an intensive 4-day roadshow
in New York, Boston, Los Angeles, London, Frankfurt and Geneva.

Due to the significant interest in the paper it finally priced
at MS+220, which was at the tighter end of the initial guidance
of MS220-230.  The deal size of US$700 million was at the upper
end of initial guidance of US$500-700 million, and is the
largest senior Eurobond deal for the Bank.  The joint lead
managers were Citigroup and Dresdner Kleinwort.

The benchmark deal was priced at 99.168% and bears a yield for
investors of 7.369% paying a beneficial coupon of 7.250%.
Despite very tight pricing the transaction generated strong
interest from investors attracting approximately US$1.5 billion
in demand from over 100 investors, with a large participation of
US institutional accounts.  Geographical distribution includes
the US - over 40%, Europe and U.K. - over 45% and Asia - over
10%.  Good distribution was also achieved by investor type with
solid participation of asset managers.  The notes were assigned
these  ratings: Baa2 (Moody's Investors Service), BB+
(Standard&Poor's) and BB+ (Fitch Ratings).

                         Syndicated Loan

On April 18, 2007, HSBK (Europe) B.V. entered into a syndicated
loan facility agreement for the principal amount of US$400
million with a 2-year tenor with extension option for one year
fully guaranteed by the Bank.

The benchmark loan bears a margin of 30 bps over LIBOR for the
first 2 years with a step-up margin of 70 bps for the third
year.  Due to the strong interest from banks and
oversubscription in the order book, the initial guidance of
US$300 million was increased to US$400 million despite a
relatively tight pricing.

The funds will be used for general corporate purposes of the
Bank, including trade finance operations.  The lead arrangers
and bookrunners of the deal were Citibank N.A., London and
Unicredit Group.  26 foreign banks and financial institutions,
including the lead arrangers, from 13 countries participated in
the syndication.

Headquartered in Almaty, Kazakhstan, Halyk Bank --
http://www.halykbank.kz/-- is the largest universal second-tier
bank of Kazakhstan.

                         *     *     *

As reported in the TCR-Europe on Jan. 22, Fitch Ratings affirmed
Kazakhstan-based Halyk Bank's ratings at foreign currency Issuer
Default BB+, Short-term foreign currency B, local currency
Issuer Default BBB-, Short-term local currency F3, Individual
C/D, and Support 3.  Fitch said the Outlook on the foreign
currency Issuer Default rating remains Positive, and that on the
local currency IDR Stable.


HLEBOZAVOD OJSC: Proof of Claim Deadline Slated for June 22
-----------------------------------------------------------
The Specialized Inter-Regional Economic Court of East Kazakhstan
Region has declared OJSC Glubokovsky Bread Factory Hlebozavod
insolvent on March 25.

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

         The Specialized Inter-Regional
         Economic Court of East Kazakhstan Region
         Ushanov Str. 78-27
         Ust-Kamenogorsk
         East Kazakhstan
         Kazakhstan
         Tel: 8 (3232) 26-24-41


JYLY TOBE: Claims Filing Period Ends June 14
--------------------------------------------
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Jyly Tobe insolvent on March 28.

Creditors have until June 14 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Akmola
         Abai Str. 89-308
         Kokshetau
         Akmola
         Kazakhstan


OREAL-K LLP: Creditors Must File Claims by June 6
-------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Oreal-K (RNN 092300210146) insolvent.

Creditors have until June 6 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Jangusurov Str. 113a-208
         Taldykorgan
         Almaty
         Kazakhstan
         Tel: 8 (32822) 24-19-17


PTITSEFABRIKA LLP: Creditors' Claims Due June 14
------------------------------------------------
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Shuchinskaya Battery Farm Ptitsefabrika insolvent
on Jan. 31.

Creditors have until June 14 to submit written proofs of claim
to:

         The Specialized Inter-Regional
         Economic Court of Akmola
         Abai Str. 89-308
         Kokshetau
         Akmola
         Kazakhstan


RISK-INVEST CJSC: Proof of Claim Deadline Slated for June 25
------------------------------------------------------------
Representation of CJSC Risk-Invest has declared insolvency.
Creditors have until June 25 to submit written proofs of claim
to:

         CJSC Risk-Invest
         Al-Farabi ave. 97-47
         Almaty
         Kazakhstan or
         Tel: 8 (3272) 91-27-93


SHYGYS-KOD LLP: Claims Registration Ends June 22
------------------------------------------------
The Specialized Inter-Regional Economic Court of East Kazakhstan
Region has declared LLP Shygys-Kod insolvent.

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

         The Specialized Inter-Regional
         Economic Court of East Kazakhstan Region
         Ushanov Str. 78-27
         Ust-Kamenogorsk
         East Kazakhstan
         Kazakhstan
         Tel: 8 (3232) 26-24-41


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


RICHNESS LLC: Creditors Must File Claims by July 4
--------------------------------------------------
LLC Richness has declared insolvency.  Creditors have until
July 4 to submit written proofs of claim to:

         LLC Richness
         Pobeda Ave. 121
         Lebedinovka
         Alamudunsky District
         Chui
         Kyrgyzstan


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


EVRAZ GROUP: Earns RUR10.37 Billion for First Quarter 2007
----------------------------------------------------------
Evraz Group S.A. released its financial results for the first
quarter ended March 31, 2007, prepared according to Russian
Accounting Standards.

Evraz's posted a 103% year-on-year hike in net profit to
RUR10.37 billion, RIA Novosti reports.

The company attributed the increase in net profit to higher
revenues and higher steel prices in the Russian and global
markets.

                          About Evraz

Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) --
http://www.evraz.com/-- manufactures and distributes steel and
related products.  In addition, the Company owns and operates
certain mining assets.  Its steel production and mining
facilities are mainly located in the Russian Federation.  It
operates three steel mills in Russia, one mill in the Sverdlovsk
region and two mills in the Kemerovo region.

                          *     *     *

Moody's Investors Service confirmed its Ba3 Corporate Family
Rating for Evraz Group S.A. and assigned a Ba3 Probability-of-
Default Rating.

Moody's also assigned these ratings:

* Issuer: Evraz Group S.A.

                                                     Projected
                          Old Debt New Debt LGD      Loss-Given
   Debt Issue             Rating   Rating   Rating   Default
   ----------             -------  -------  ------   -------

   8.25% Senior Unsecured
   Regular Bond/
   Debenture Due 2015      B2        B2      LGD5     88%

* Issuer: Evraz Securities S.A.

                          Old Debt New Debt LGD      Loss Given
   Debt Issue             Rating   Rating   Rating   Default
   ----------             -------  -------  ------   -------

   10.875% Senior Unsecured
   Regular Bond/
   Debenture Due 2009      B1       Ba3      LGD3     47%

In November 2006, Fitch Ratings affirmed Luxembourg-based Evraz
Group S.A.'s Issuer Default and senior unsecured ratings at BB
and its Short-term rating at B.

At the same time, Fitch has affirmed the ratings of Mastercroft
Ltd., Evraz's core subsidiary with most of its assets
concentrated in Russia- at Issuer Default BB and Short-term B.
Evraz Securities SA's senior unsecured rating is affirmed at BB.
Fitch said the Outlooks on the Issuer Default ratings are
Stable.

Standard & Poor's rated Evraz Group's 8-1/4% notes due November
2015 at B+.


EVRAZ GROUP: Major Units' Net Profit Rises in First Quarter 2007
----------------------------------------------------------------
Evraz Group S.A. disclosed that its major Russian operating
subsidiaries1 have filed financial results with the Federal
Financial Markets Service of the Russian Federation for the
three months ended March 31, 2007, prepared in accordance with
Russian Accounting Standards.

Highlights

   -- higher sales volumes and b prices for steel products
      contributed to further profit growth at NTMK and Zapsib;

      The net profit of NTMK and Zapsib for First Quarter 2007
      went up 66.3% and 130.7% respectively vs. First Quarter
      2006 due to higher sales volumes and a bar pricing
      environment in both Russian and export markets.

      Net profit fell by 18.4% at Zapsib compared with 4Q 2006
      as a result of a marginal decline in sales volumes,
      seasonal product mix change and increased production costs
      on the back of higher iron ore and scrap prices.

   -- KGOK and VGOK profit increased significantly due to higher
      prices:

   -- The First Quarter 2007 net profit rose to RUR2.29 billion
      (+118.2% year-on-year) at KGOK and to RUR366 million at
      VGOK due to higher prices and expanded production volumes
      driven by b demand from the steel sector.

First Quarter Results for Major Units (in RUR Millions)

                                 1Q 2007         1Q 2006

OAO Nizhny Tagil Iron
and Steel Plant (NTMK)

   Revenue                        21,143          14,821
   Gross profit                    6,756           4,636
   Operating Profit                5,955           3,920
   Net profit                      4,545           2,733

OAO West Siberian Iron
and Steel Plant (Zapsib)

   Revenue                        19,847          14,085
   Gross profit                    5,331           2,703
   Operating profit                4,478           1,941
   Net profit                      3,162           1,371

OAO Kachkanarsky Mining and
Processing Integrated Works (KGOK)

   Revenue                          5,215          2,908
   Gross profit                     3,325          1,409
   Operating profit                 3,067          1,257
   Net profit                       2,293          1,051

OAO Vysokogorsky Mining and
Processing Integrated Works (VGOK)
   Revenue                          1,676            933
   Gross profit                       708            175
   Operating profit                   597             99
   Net profit                         366            (59)

                          About Evraz

Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) --
http://www.evraz.com/-- manufactures and distributes steel and
related products.  In addition, the Company owns and operates
certain mining assets.  Its steel production and mining
facilities are mainly located in the Russian Federation.  It
operates three steel mills in Russia, one mill in the Sverdlovsk
region and two mills in the Kemerovo region.

                          *     *     *

Moody's Investors Service confirmed its Ba3 Corporate Family
Rating for Evraz Group S.A. and assigned a Ba3 Probability-of-
Default Rating.

Moody's also assigned these ratings:

* Issuer: Evraz Group S.A.

                                                     Projected
                          Old Debt New Debt LGD      Loss-Given
   Debt Issue             Rating   Rating   Rating   Default
   ----------             -------  -------  ------   -------

   8.25% Senior Unsecured
   Regular Bond/
   Debenture Due 2015      B2        B2      LGD5     88%

* Issuer: Evraz Securities S.A.

                          Old Debt New Debt LGD      Loss Given
   Debt Issue             Rating   Rating   Rating   Default
   ----------             -------  -------  ------   -------

   10.875% Senior Unsecured
   Regular Bond/
   Debenture Due 2009      B1       Ba3      LGD3     47%

In November 2006, Fitch Ratings affirmed Luxembourg-based Evraz
Group S.A.'s Issuer Default and senior unsecured ratings at BB
and its Short-term rating at B.

At the same time, Fitch has affirmed the ratings of Mastercroft
Ltd., Evraz's core subsidiary with most of its assets
concentrated in Russia- at Issuer Default BB and Short-term B.
Evraz Securities SA's senior unsecured rating is affirmed at BB.
Fitch said the Outlooks on the Issuer Default ratings are
Stable.

Standard & Poor's rated Evraz Group's 8-1/4% notes due November
2015 at B+.


=====================
N E T H E R L A N D S
=====================


KONINKLIJKE AHOLD: To Buy Back EUR3 Billion in Shares
-----------------------------------------------------
Koninklijke Ahold N.V. will repurchase EUR3 billion in shares
from current stakeholders, the Associated Press reports.

The company disclosed the repurchase program after signing a
US$7.1 billion deal to sell its U.S. Foodservice Unit to a
consortium of Clayton, Dubilier & Rice Fund VII, L.P., and
Kohlberg Kravis Roberts & Co L.P.

TCR-Europe reported on April 27, 2007, that Ahold had completed
a note-and-bond repurchase program worth EUR110 million, as part
of its debt reduction strategy.

                         About Ahold

Headquartered in Amsterdam, Koninklijke Ahold N.V. --
http://www.ahold.com/-- retails food through supermarkets,
hypermarkets and discount stores in North and South America,
Europe.  It has operations in Argentina.  The company's chain
stores include Stop & Shop, Giant, TOPS, Albert Heijn and
Bompreco.  Ahold also supplies food to restaurants, hotels,
healthcare institutions, government facilities, universities,
stadiums, and caterers.

                        *     *     *

As reported on Dec. 22, 2006, Standard & Poor's Ratings Services
revised its outlook on the Dutch food retailer and food service
distributor Koninklijke Ahold N.V. to positive from stable.  At
the same time, the 'BB+/B' long- and short-term corporate credit
ratings were affirmed.

Moody's Investors Service and Standard and Poor's has assigned
low-B ratings to the company's 5.625% senior notes due 2007.
Also, the company's 5.875% senior unsubordinated notes due 2008
and 6.375% senior unsubordinated notes due 2007 carry Moody's,
S&P's and Fitch's low-B ratings.


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


AMBER LLC: Creditors Must File Claims by June 28
------------------------------------------------
Creditors of LLC Trading House Amber have until June 28 to
submit proofs of claim to:

         A. Evseev
         Insolvency Manager
         3rd Kurskaya Str. 15
         302004 Orel
         Russia

The Arbitration Court of Orel commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A48-5083/06-17B.

The Court is located at:

         The Arbitration Court of Orel
         Gorkogo Str. 42
         302000 Orel
         Russia

The Debtor can be reached at:

         LLC Trading House Amber
         Oktyabrskaya Str. 27
         302028 Orel
         Russia


BUSH CJSC: Creditors Must File Claims by May 28
-----------------------------------------------
Creditors of CJSC Bush have until May 28 to submit proofs of
claim to:

         N. Surmin
         Insolvency Manager
         Post User Box 171
         Petrozavodsk
         185035 Kareliya
         Russia

The Arbitration Court of Murmansk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A42-4062/2006.

The Court is located at:

         The Arbitration Court of Murmansk
         Knipovicha Str. 20
         Murmansk
         Russia

The Debtor can be reached at:

         CJSC Bush
         Murmansk
         Russia


ENTAZIS CJSC: Novosibirsk Bankruptcy Hearing Slated for July 3
--------------------------------------------------------------
The Arbitration Court of Novosibirsk will convene at 10:00 a.m.
on July 3 to hear the bankruptcy supervision procedure on
CJSC Entazis.  The case is docketed under Case No. A45-15647/
06-10/328.

The Temporary Insolvency Manager is:

         Y. Korepanov
         Temporary Insolvency Manager
         Post User Box 4451
         634028 Tomsk
         Russia

The Court is located at:

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

The Debtor can be reached at:

         CJSC Entazis
         Apartment 91
         Molodosti Str. 24
         Novosibirsk
         Russia


EVRAZ GROUP: Earns RUR10.37 Billion for First Quarter 2007
----------------------------------------------------------
Evraz Group S.A. released its financial results for the first
quarter ended March 31, 2007, prepared according to Russian
Accounting Standards.

Evraz's posted a 103% year-on-year hike in net profit to
RUR10.37 billion, RIA Novosti reports.

The company attributed the increase in net profit to higher
revenues and higher steel prices in the Russian and global
markets.

                          About Evraz

Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) --
http://www.evraz.com/-- manufactures and distributes steel and
related products.  In addition, the Company owns and operates
certain mining assets.  Its steel production and mining
facilities are mainly located in the Russian Federation.  It
operates three steel mills in Russia, one mill in the Sverdlovsk
region and two mills in the Kemerovo region.

                          *     *     *

Moody's Investors Service confirmed its Ba3 Corporate Family
Rating for Evraz Group S.A. and assigned a Ba3 Probability-of-
Default Rating.

Moody's also assigned these ratings:

* Issuer: Evraz Group S.A.

                                                     Projected
                          Old Debt New Debt LGD      Loss-Given
   Debt Issue             Rating   Rating   Rating   Default
   ----------             -------  -------  ------   -------

   8.25% Senior Unsecured
   Regular Bond/
   Debenture Due 2015      B2        B2      LGD5     88%

* Issuer: Evraz Securities S.A.

                          Old Debt New Debt LGD      Loss Given
   Debt Issue             Rating   Rating   Rating   Default
   ----------             -------  -------  ------   -------

   10.875% Senior Unsecured
   Regular Bond/
   Debenture Due 2009      B1       Ba3      LGD3     47%

In November 2006, Fitch Ratings affirmed Luxembourg-based Evraz
Group S.A.'s Issuer Default and senior unsecured ratings at BB
and its Short-term rating at B.

At the same time, Fitch has affirmed the ratings of Mastercroft
Ltd., Evraz's core subsidiary with most of its assets
concentrated in Russia- at Issuer Default BB and Short-term B.
Evraz Securities SA's senior unsecured rating is affirmed at BB.
Fitch said the Outlooks on the Issuer Default ratings are
Stable.

Standard & Poor's rated Evraz Group's 8-1/4% notes due November
2015 at B+.


EVRAZ GROUP: Major Units' Net Profit Rises in First Quarter 2007
----------------------------------------------------------------
Evraz Group S.A. disclosed that its major Russian operating
subsidiaries1 have filed financial results with the Federal
Financial Markets Service of the Russian Federation for the
three months ended March 31, 2007, prepared in accordance with
Russian Accounting Standards.

Highlights

   -- higher sales volumes and b prices for steel products
      contributed to further profit growth at NTMK and Zapsib;

      The net profit of NTMK and Zapsib for First Quarter 2007
      went up 66.3% and 130.7% respectively vs. First Quarter
      2006 due to higher sales volumes and a bar pricing
      environment in both Russian and export markets.

      Net profit fell by 18.4% at Zapsib compared with 4Q 2006
      as a result of a marginal decline in sales volumes,
      seasonal product mix change and increased production costs
      on the back of higher iron ore and scrap prices.

   -- KGOK and VGOK profit increased significantly due to higher
      prices:

   -- The First Quarter 2007 net profit rose to RUR2.29 billion
      (+118.2% year-on-year) at KGOK and to RUR366 million at
      VGOK due to higher prices and expanded production volumes
      driven by b demand from the steel sector.

First Quarter Results for Major Units (in RUR Millions)

                                 1Q 2007         1Q 2006

OAO Nizhny Tagil Iron
and Steel Plant (NTMK)

   Revenue                        21,143          14,821
   Gross profit                    6,756           4,636
   Operating Profit                5,955           3,920
   Net profit                      4,545           2,733

OAO West Siberian Iron
and Steel Plant (Zapsib)

   Revenue                        19,847          14,085
   Gross profit                    5,331           2,703
   Operating profit                4,478           1,941
   Net profit                      3,162           1,371

OAO Kachkanarsky Mining and
Processing Integrated Works (KGOK)

   Revenue                          5,215          2,908
   Gross profit                     3,325          1,409
   Operating profit                 3,067          1,257
   Net profit                       2,293          1,051

OAO Vysokogorsky Mining and
Processing Integrated Works (VGOK)
   Revenue                          1,676            933
   Gross profit                       708            175
   Operating profit                   597             99
   Net profit                         366            (59)

                          About Evraz

Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) --
http://www.evraz.com/-- manufactures and distributes steel and
related products.  In addition, the Company owns and operates
certain mining assets.  Its steel production and mining
facilities are mainly located in the Russian Federation.  It
operates three steel mills in Russia, one mill in the Sverdlovsk
region and two mills in the Kemerovo region.

                          *     *     *

Moody's Investors Service confirmed its Ba3 Corporate Family
Rating for Evraz Group S.A. and assigned a Ba3 Probability-of-
Default Rating.

Moody's also assigned these ratings:

* Issuer: Evraz Group S.A.

                                                     Projected
                          Old Debt New Debt LGD      Loss-Given
   Debt Issue             Rating   Rating   Rating   Default
   ----------             -------  -------  ------   -------

   8.25% Senior Unsecured
   Regular Bond/
   Debenture Due 2015      B2        B2      LGD5     88%

* Issuer: Evraz Securities S.A.

                          Old Debt New Debt LGD      Loss Given
   Debt Issue             Rating   Rating   Rating   Default
   ----------             -------  -------  ------   -------

   10.875% Senior Unsecured
   Regular Bond/
   Debenture Due 2009      B1       Ba3      LGD3     47%

In November 2006, Fitch Ratings affirmed Luxembourg-based Evraz
Group S.A.'s Issuer Default and senior unsecured ratings at BB
and its Short-term rating at B.

At the same time, Fitch has affirmed the ratings of Mastercroft
Ltd., Evraz's core subsidiary with most of its assets
concentrated in Russia- at Issuer Default BB and Short-term B.
Evraz Securities SA's senior unsecured rating is affirmed at BB.
Fitch said the Outlooks on the Issuer Default ratings are
Stable.

Standard & Poor's rated Evraz Group's 8-1/4% notes due November
2015 at B+.


IZMAYLOVSKOYE-1 CJSC: Creditors Must File Claims by May 28
----------------------------------------------------------
Creditors of CJSC Izmaylovskoye-1 (TIN 5515011034) have until
May 28 to submit proofs of claim to:

         K. Kiselevskiy
         Temporary Insolvency Manager
         13th floor
         K. Libknekhta Str.  35
         644034 Omsk
         Russia

The Arbitration Court of Omsk will convene at 2:00 p.m. on
Aug. 21 to hear the company's bankruptcy supervision procedure.
The case is docketed under Case No. A46-1675/2007.

The Debtor can be reached at:

         CJSC Izmaylovskoye-1
         Tsentralnaya Str. 13
         Sorochino
         Kalachinskiy
         646931 Omsk
         Russia


KHAKASIYA LLC: Creditors Must File Claims by May 28
---------------------------------------------------
Creditors of LLC Knitting Factory Khakasiya have until
May 28 to submit proofs of claim to:

         L. Sitkina
         Insolvency Manager
         Yubileynaya Str. 18-53
         Chernogorsk
         655158 Khakasiya
         Russia

The Arbitration Court of Khakasiya commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A74-425/2007.

The Debtor can be reached at:

         L. Sitkina
         Insolvency Manager
         Yubileynaya Str. 18-53
         Chernogorsk
         655158 Khakasiya
         Russia


KUZNITSOVO LLC: Court Starts Bankruptcy Supervision Procedure
-------------------------------------------------------------
The Arbitration Court of Chita commenced bankruptcy supervision
procedure on LLC Kuznitsovo.  The case is docketed under Case
No. A78-5244/2006 B-702.

The Insolvency Manager is:

         S. Bertunov
         Lazo Str. 9, 2
         Pervomayskiy
         Shilinskiy
         673390 Chita
         Russia

The Debtor can be reached at:

         LLC Kuznitsovo
         Kuznitsovo
         Aleksandrovo
         Zavodskoy
         Chita
         Russia


MARYEVO-WOOD CJSC: Creditors Must File Claims by May 28
-------------------------------------------------------
Creditors of CJSC Maryevo-Wood (TIN 5308002810) have until
May 28 to submit proofs of claim to:

         A. Tsybin
         Insolvency Manager
         Sovetov Str. 55
         Maryevo
         175350 Novgorod
         Russia

The Arbitration Court of Novgorod commenced bankruptcy
proceedings against the company after finding it insolvent.
The case is docketed under Case No. A44-562/2007.

The Court is located at:

         The Arbitration Court of Novgorod
         Mikhaylova Str. 25
         Velikiy Novgorod
         Russia

The Debtor can be reached at:

         CJSC Maryevo-Wood
         Sovetov Str. 55
         Maryevo
         175350 Novgorod
         Russia


MURMANSKAYA CLOTH: Ryazan Bankruptcy Hearing Slated for July 31
---------------------------------------------------------------
The Arbitration Court of Ryazan will convene at noon on July 31
to hear the bankruptcy supervision procedure on OJSC Murmanskaya
Cloth Factory.  The case is docketed under Case No. A54-601/
07-S20.

The Temporary Insolvency Manager is:

         N. Simon
         Temporary Insolvency Manager
         Room 302
         Elektrozavodskaya Str. 63
         390023 Ryazan
         Russia

The Court is located at:

         The Arbitration Court of Ryazan
         Pochtovaya Str. 43/44
         Ryazan
         Russia

The Debtor can be reached at:

         N. Simon
         Temporary Insolvency Manager
         Room 302
         Elektrozavodskaya Str. 63
         390023 Ryazan
         Russia


NEW CONSTRUCTIONS: Komi Bankruptcy Hearing Slated for June 24
-------------------------------------------------------------
The Arbitration Court of Komi will convene at 10:30 a.m. on
June 24 to hear the bankruptcy supervision procedure on LLC New
Constructions.  The case is docketed under Case No. A29-712/
2007.

The Insolvency Manager is:

         V. Nikonorov
         Post User Box 79
         600000 Vladimir
         Russia

The Court is located at:

         The Arbitration Court of Komi
         Room 407
         Ordzhonikidze Str. 49a
         Syktyvkar
         Russia

The Debtor can be reached at:

         LLC New Constructions
         Syktyvkar
         Komi
         Russia


ROSNEFT OIL: Earns US$3.53 Billion in 2006 Under U.S. GAAP
----------------------------------------------------------
OAO Rosneft Oil Co. released its financial results for the full
year ended Dec. 31, 2006, prepared according to U.S. GAAP.

Rosneft posted US$3.53 billion in net profit on RUR33.1 billion
in revenues for 2006, compared with US$4.16 billion in net
profit on US$23.86 billion in revenues for 2005.

The figures, however, exclude the sale of Ronesft's Artic unit,
Sevmorneftegaz, RIA Novosti reports.  Counting the transaction,
Rosneft's net profit increased from US$3.62 billion in 2005 to
US$3.63 billion in 2006.

The company attributed the decline in net profit to increased
tax burden, including a 31.2% hike in tax and a 77.8% boost in
export duties.

"Despite industry leading production growth and successful cost
control, in 2006 our earnings and cash flow growth slowed due to
a shortage of downstream capacity compounded by substantially
higher taxes and strong real ruble appreciation," said Rosneft
President Sergey Bogdanchikov.  "We have since vastly improved
our downstream capabilities through the recent acquisition of
five refineries in Russia and a network of retail stations.  We
are now focused on integrating these assets with recently
acquired production assets to improve our trading performance
and complement our continued leading volume growth with earnings
and cash flow growth.  We look forward to providing a
comprehensive update on performance and strategic priorities to
our shareholders in July."

                          About Rosneft

Headquartered in Moscow, Russia, OAO Rosneft Oil Co. --
http://ns.roilcom.ru/english/-- produces and markets petroleum
products.  The Company explores for, extracts, refines and
markets oil and natural gas.  Rosneft produces oil in Western
Siberia, Sakhalin, the North Caucasus, and the Arctic regions of
Russia.

                          *     *     *

In a TCR-Europe report on Mar. 23, Fitch Ratings notes that
Rosneft's plans to borrow US$22 billion from a group of eight
banks in two credit arrangements of US$13 billion maturing in 12
months and US$9 billion maturing in 18 months is currently
incorporated into the company's local and foreign currency
Issuer Default ratings of 'BB+' Rating Watch Positive.

In a TCR-Europe report on Jan. 16, Standard & Poor's Ratings
Services raised its long-term corporate credit rating on Russian
OJSC Oil Company Rosneft to 'BB+' from 'BB' and removed it from
CreditWatch, where it had been placed with positive implications
on Nov. 15, 2006.  S&P said the outlook is developing.


RUS-WOOD CJSC: Court Names G. Artyshuk as Insolvency Manager
------------------------------------------------------------
The Arbitration Court of Tomsk appointed G. Artyshuk as
Insolvency Manager for CJSC Rus-Wood.  He can be reached at:

         G. Artyshuk
         Post User Box 94
         Seversk-37
         Tomsk
         Russia

The Court commenced bankruptcy proceedings against the company
after finding it insolvent.  The case is docketed under Case No.
A 67-156/07.

The Court is located at:

         The Arbitration Court of Tomsk
         Kirova Pr. 10
         634050 Tomsk Region
         Russia

The Debtor can be reached at:

         CJSC Rus-Wood
         Kazakhstan Location 4, 2
         Aleksandrovskoye
         Tomsk
         Russia


SHIPYARD 1: Creditors Must File Claims by May 28
------------------------------------------------
Creditors of OJSC Shipyard 1 have until May 28 to submit proofs
of claim to:

         N. Surmin
         Insolvency Manager
         Post User Box 171
         Petrozavodsk
         185035 Kareliya
         Russia

The Arbitration Court of Murmansk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. A42-3973/2006.

The Court is located at:

         The Arbitration Court of Murmansk
         Knipovicha Str. 20
         Murmansk
         Russia

The Debtor can be reached at:

         OJSC Shipyard 1
         Murmansk
         Russia


STRUGOKRASNENSKIY DIARY: Creditors Must File Claims by June 28
--------------------------------------------------------------
Creditors of CJSC Strugokrasnenskiy Diary (TIN 6023000713) have
until June 28 to submit proofs of claim to:

         O. Akinshin
         Insolvency Manager
         Post User Box 444
         OPS-105
         170100 Tver
         Russia

The Arbitration Court of Pskov commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. A52-3261/2006.

The Court is located at:

         The Arbitration Court of Pskov
         Nekrasova Str. 23
         Pskov
         Russia

The Debtor can be reached at:

         CJSC Strugokrasnenskiy Diary
         Vokzalnaya Str. 3
         Strugi Krasnye
         181110 Pskov
         Russia


VERKHNEKAMSKAYA PHOSPHORITE: Asset Sale Slated for May 29
---------------------------------------------------------
CJSC Contek-Business-Projecting, the bidding organizer for
OJSC Verkhnekamskaya Phosphorite Mine will open a public auction
for the company's properties at 10:00 a.m. on May 29 at:

         OJSC Verkhnekamskaya Phosphorite Mine
         Komsomolskaya Str. 2
         Rudnichnyj
         Verkhnekamskiy
         612830 Kirov
         Russia

Interested participants should deposit an amount equivalent to
5% of the starting price to:

         OJSC Verkhnekamskaya Phosphorite Mine
         Settlement Account 40702810500000000609
         Correspondent Account 30101810500000000609
         BIK 043304609

Bidding documents must be submitted to:

         OJSC Verkhnekamskaya Phosphorite Mine
         Komsomolskaya Str. 2
         Rudnichnyj
         Verkhnekamskiy
         Kirov
         Russia

The Debtor can be reached at:

         OJSC Verkhnekamskaya Phosphorite Mine
         Komsomolskaya Str. 2
         Rudnichnyj
         Verkhnekamskiy
         Kirov
         Russia


WOODWORKING COMBINE: Murmansk Court Hearing Slated for July 19
--------------------------------------------------------------
The Arbitration Court of Murmansk will convene on July 19 to
hear the bankruptcy supervision procedure on Federal State
Unitary Enterprise Woodworking Combine of Ministry of Defense of
Russian Federation.  The case is docketed under Case No.
A42-195/2007.

The Temporary Insolvency Manager is:

         G. Udelnov
         Temporary Insolvency Manager
         Office L-310
         Lyublinskaya Str. 42
         109387 Moscow
         Russia

The Court is located at:

         The Arbitration Court of Murmansk
         Knipovicha Str. 20
         Murmansk
         Russia

The Debtor can be reached at:

         Federal State Unitary Enterprise Woodworking Combine of
         Ministry of Defense of Russian Federation
         Pozdnyakova Str. 4
         183017 Murmansk
         Russia


ZELENCHUKSKAYA SEL-KHOZ-TEKHNIKA: Claims Filing Ends June 28
------------------------------------------------------------
Creditors of OJSC Zelenchukskaya Sel-Khoz-Tekhnika have until
June 28 to submit proofs of claim to:

         M. Amirokov
         Insolvency Manager
         Naberezhnaya Str. 126a
         Cherkessk
         369001 Karachaevo Cherkesskaya
         Russia

The Arbitration Court of Karachaevo Cherkesskaya commenced
bankruptcy proceedings against the company after finding it
insolvent.  The case is docketed under Case No. A25-138/04-8.

The Debtor can be reached at:

         OJSC Zelenchukskaya Sel-Khoz-Tekhnika
         Karachaevskaya Str. 5
         Sorozhevay
         Karachaevo Cherkesskaya
         Russia


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


CAFFE BAR: Uri Court Closes Bankruptcy Proceedings
--------------------------------------------------
The Bankruptcy Service of Uri entered April 12 an order closing
the bankruptcy proceedings of LLC caffe bar piazza.

The Bankruptcy Service of Uri can be reached at:

         Bankruptcy Service of Uri
         6460 Altdorf UR
         Switzerland

The Debtor can be reached at:

         LLC caffe bar piazza
         Rathausplatz 8
         6460 Altdorf UR
         Switzerland


G-GAMES LLC: Creditors' Liquidation Claims Due May 29
-----------------------------------------------------
Creditors of LLC G-Games have until May 29 to submit their
claims to:

         Stefan Zibung
         Liquidator
         Flurstrasse 27
         8302 Kloten
         Bulach ZH
         Switzerland

The Debtor can be reached at:

         LLC G-Games
         Lucerne
         Switzerland


ISE-HOSPITALITY JSC: Creditors' Liquidation Claims Due May 29
-------------------------------------------------------------
Creditors of JSC iSe-Hospitality have until May 29 to submit
their claims to:

         Christian Roos
         Liquidator
         Pestalozzi Lachenal Patry
         Lowenstrasse 1
         8001 Zurich
         Switzerland

The Debtor can be reached at:

         JSC iSe-Hospitality
         Zurich
         Switzerland


KRISPY KREME: Creditors' Liquidation Claims Due May 29
------------------------------------------------------
Creditors of LLC Krispy Kreme International have until May 29 to
submit their claims to:

         Dr. iur. Richard E. Blum
         Liquidator
         Chamerstrasse 2
         6304 Zug
         Switzerland

The Debtor can be reached at:

         LLC Krispy Kreme International
         Zug
         Switzerland


RAINER BURRI: Creditors' Liquidation Claims Due May 29
------------------------------------------------------
Creditors of LLC Rainer Burri have until May 29 to submit their
claims to:

         Rainer Burri
         Liquidator
         Hofmattli 8
         3661 Uetendorf
         Thun BE
         Switzerland

The Debtor can be reached at:

         LLC Rainer Burri
         Uetendorf
         Thun BE
         Switzerland


ROYAL PARTNERWAHL: Creditors' Liquidation Claims Due May 29
-----------------------------------------------------------
Creditors of LLC Royal Partnerwahl have until May 29 to submit
their claims to:

         Walter Keller
         Liquidator
         Rotistrasse 22
         4500 Solothurn
         Switzerland

The Debtor can be reached at:

         LLC Royal Partnerwahl
         Luterkofen-chertswil
         Switzerland


STAUBER TRANSPORTE: Aargau Court Starts Bankruptcy Proceedings
--------------------------------------------------------------
The Bankruptcy Court of Aargau commenced bankruptcy proceedings
against LLC Stauber Transporte on March 29.

The Bankruptcy Service of Aargau can be reached at:

         Bankruptcy Service of Aargau
         Office Oberentfelden
         5036 Oberentfelden
         Aarau AG
         Switzerland

The Debtor can be reached at:

         LLC Stauber Transporte
         Fallenacker 6
         5504 Othmarsingen
         Lenzburg AG
         Switzerland


T. WISLER: Basel Court Closes Bankruptcy Proceedings
----------------------------------------------------
The Bankruptcy Service of Liestal in Basel-Landschaft entered
April 12 an order closing the bankruptcy proceedings of
JSC T. Wisler.

The Bankruptcy Service of Liestal can be reached at:

         Bankruptcy Service of Liestal
         4410 Liestal BL
         Switzerland

The Debtor can be reached at:

         JSC T. Wisler
         Industriestrasse 16
         4415 Lausen
         Liestal BL
         Switzerland


UG MANAGEMENT: Creditors' Liquidation Claims Due May 29
-------------------------------------------------------
Creditors of JSC UG Management have until May 29 to submit their
claims to:

         Isabel Langenegger
         Liquidator
         Im Hagen 3
         6315 Oberageri ZG
         Switzerland

The Debtor can be reached at:

         JSC UG Management
         Einsiedeln SZ
         Switzerland


VOGELE + VILLIGER: Claims Registration Period Ends May 28
---------------------------------------------------------
The Bankruptcy Court of Aargau commenced bankruptcy proceedings
against JSC Vogele + Villiger on April 5.

Creditors have until May 28 to file their written proofs of
claim.

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:

         JSC Vogele + Villiger
         Hauptstrasse 26
         5314 Kleindottingen
         Switzerland


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


AGRO-LUCH LLC: Creditors Must File Claims by May 23
---------------------------------------------------
Creditors of LLC Agro-Luch (code EDRPOU 31996443) have until
May 23 to submit written proofs of claim to:

         Tatiana Boyko
         Liquidator
         Serov Str. 134
         Stakhanov
         94000 Lugansk
         Ukraine

The Economic Court of Lugansk commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 22/22b.

The Court is located at:

         The Economic Court of Lugansk
         Geroiv VVV Square 3a
         91000 Lugansk
         Ukraine

The Debtor can be reached at:

         LLC Agro-Luch
         Novostroyny Block 1
         Krasny Luch
         Slavianoserbsky District
         Lugansk
         Ukraine


BUSINESS CONCERN: Creditors Must File Claims by May 23
------------------------------------------------------
Creditors of LLC Business Concern (code EDRPOU 33306338) have
until May 23 to submit written proofs of claim to:

         LLC Building Firm Building Industry
         Liquidator
         Pobeda Avenue 136
         03115 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 23/121-b.

The Court is located at:

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

The Debtor can be reached at:

         LLC Business Concern
         Verkhovinets Str. 1-A
         03148 Kiev
         Ukraine


CANVIT LLC: Creditors Must File Claims by May 23
------------------------------------------------
Creditors of LLC Canvit (code EDRPOU 32210123) have until May 23
to submit written proofs of claim to:

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

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 24/158-b.

The Debtor can be reached at:

         LLC Canvit
         Pobeda Str. 1
         Kiev
         Ukraine


GUARANTY MANAGEMENT: Creditors Must File Claims by May 20
---------------------------------------------------------
Creditors of LLC Guaranty Management (code EDRPOU 24258200) have
until May 20 to submit written proofs of claim to:

         Jury Ignatchenko
         Liquidator
         Kotovsky Str. 9
         Kozelschina
         Poltava
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 24/224-B.

The Court is located at:

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

The Debtor can be reached at:

         LLC Guaranty Management
         Marshal Rybalko Str. 10/8
         Kiev
         Ukraine


INTERNITE-INDUSTRY LLC: Creditors Must File Claims by May 23
------------------------------------------------------------
Creditors of LLC Internite-Industry (code EDRPOU 34499385) have
until May 23 to submit written proofs of claim to:

         Eugene Shevtsov
         Liquidator
         P.O. Box 3925
         49069 Dnipropetrovsk
         Ukraine

The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. B 24/155-07.

The Court is located at:

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

The Debtor can be reached at:

         LLC Internite-Industry
         Izmaylovskaya Str. 104
         49008 Dnipropetrovsk
         Ukraine


KRIVOY ROG: Creditors Must Submit Claims by May 23
--------------------------------------------------
Creditors of OJSC Krivoy Rog Road Machine Station (code EDRPOU
24614356) have until May 23 to submit written proofs of claim
to:

         Nikolay Lukashuk
         Liquidator
         P.O. Box 2558
         Krivoy Rog
         50051 Dnipropetrovsk
         Ukraine

The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. B 15/202-06.

The Court is located at:

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

The Debtor can be reached at:

         OJSC Krivoy Rog Road Machine Station
         Krivoy Rog, Tsimlianskaya Str. 3
         Dnipropetrovsk
         Ukraine


NEMIROV LLC: Claims Filing Bar Date Set May 20
----------------------------------------------
Creditors of LLC Agricultural Complex Nemirov (code EDRPOU
13342073) have until May 20 to submit written proofs of claim
to:

         Anatoly Tushevsky
         Temporary Insolvency Manager
         40 Years of Victory Str. 27/A/57
         Vinnica
         Ukraine

The Economic Court of Vinnica commenced bankruptcy supervision
procedure on the company.  The case is docketed under Case No.
10/31-07.

The Court is located at:

         The Economic Court of Vinnica
         Hmelnickiy Str. 7
         21036 Vinnica
         Ukraine

The Debtor can be reached at:

         LLC Agricultural Complex Nemirov
         Kalinin Str. 14
         Kovalevka
         Nemirov District
         22830 Vinnica
         Ukraine


OKHTYRKA PETROLEUM: Creditors Must File Claims by May 23
--------------------------------------------------------
Creditors of LLC Okhtyrka Petroleum Refinery (code EDRPOU
31525582) have until May 23 to submit written proofs of claim
to:

         Sergey Soldatkin
         Liquidator
         P.O. Box 30
         40014 Sumy
         Ukraine

The Economic Court of Sumy commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 8/589-06.

The Court is located at:

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

The Debtor can be reached at:

         LLC Okhtyrka Petroleum Refinery
         Lenin Str. 10
         Malaya Pavlovka
         Okhtyrka District
         Sumy
         Ukraine


VARIANT LLC: Creditors Must Submit Claims by May 23
---------------------------------------------------
Creditors of LLC Specialized Center of Technical Service Variant
(code EDRPOU 25013759) have until May 23 to submit written
proofs of claim to:

         Igor Morozov
         Liquidator
         P.O. Box 2734
         49044 Dnipropetrovsk
         Ukraine

The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. B 24/405-06.

The Court is located at:

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

The Debtor can be reached at:

         LLC Specialized Center of Technical Service Variant
         Gogol Str. 20
         49044 Dnipropetrovsk
         Ukraine


VOSTOCK-TIRAN LLC: Creditors Must File Claims by May 23
-------------------------------------------------------
Creditors of LLC Vostock-Tiran (code EDRPOU 33247636) have until
May 23 to submit written proofs of claim to:

         Eugene Shevtsov
         Liquidator
         P.O. Box 49069
         49069 Dnipropetrovsk
         Ukraine

The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. B 24/154-07.

The Court is located at:

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

The Debtor can be reached at:

         LLC Vostock-Tiran
         Quay of Victory Str. 44/1
         49000 Dnipropetrovsk
         Ukraine


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


ARC-FAB LTD: T. Papanicola Leads Liquidation Procedure
------------------------------------------------------
T. Papanicola of Bond Partners LLP was appointed liquidator of
Arc-Fab Ltd. on May 3 for the creditors' voluntary winding-up
procedure.

Bond Partners LLP -- http://www.bondpartners.co.uk/--  
specializes in: audit and assurance, taxation, corporate
recovery, business rescue and insolvency, bookkeeping services,
as well as financial services through Bond Financial Network.

The company can be reached at:

         Arc-Fab Ltd.
         6 Bursley Way
         Newcastle
         ST5 8JE
         England
         Tel: 01782 850 532
         Fax: 01782 253 397


AVALON SCHOOL: Appoints T. Papanicola as Liquidator
---------------------------------------------------
T. Papanicola of Bond Partners LLP was appointed liquidator of
Avalon School of English Ltd. on May 3 for the creditors'
voluntary winding-up proceeding.

Bond Partners LLP -- http://www.bondpartners.co.uk/--  
specializes in: audit and assurance, taxation, corporate
recovery, business rescue and insolvency, bookkeeping services,
as well as financial services through Bond Financial Network.

The company can be reached at:

         Avalon School of English Ltd.
         8 Denmark Street
         Camden
         London
         WC2H 8LS
         England
         Tel: 020 7379 1998
         Fax: 020 7916 5261


BARNEL BUILDING: Taps Liquidators from Lines Henry
--------------------------------------------------
Neil Henry and Michael Simister of Lines Henry were appointed
joint liquidators of Barnel Building Services Ltd. on May 3 for
the creditors' voluntary winding-up procedure.

The company can be reached at:

         Barnel Building Services Ltd.
         45 Cinnamon Lane
         Fearnhead
         Warrington
         WA2 0AG
         England
         Tel: 01925 812 662


CALL-A-KEG LTD: Unsecured Creditors May Not Recover Claims
----------------------------------------------------------
Unsecured creditors of Call-A-Keg Ltd., Marbelles Ltd.,
Camperdown Construction Ltd., P&J Taverns Ltd., and Demryan
Property Company Ltd. may not be able to recover a total of
GBP770,000 in claims from the Dundee-based businesses, The
Aberdeen Press & Journal reports, citing a spokesman for
receivers Kroll Limited.

According to the Kroll spokesman, the five companies formerly
owned by brothers Jimmy and Peter Marr owed Bank of Scotland an
amount exceeding that of the unsecured creditors' claims.

The recovery of assets, however, had been "reasonably good," the
spokesman added.

The companies, which have over 300 creditors, went into
receivership in February.  Fraser J. Gray and David J.
Whitehouse of Kroll were appointed joint receivers.

The spokesman revealed that only a few of the creditors attended
the statutory meetings at Dundee's Apex City Quay Hotel on
May 12.

Tayside Food and Drink Services, another business run by the
Marr brothers, was also placed in administration, The Aberdeen
Press & Journal relates.

Creditors of Call-A-Keg Ltd, Marbelles Ltd, Camperdown
Construction Ltd, P&J Taverns Ltd and Demryan Property Company
Ltd were given the chance to attend statutory meetings at the
Apex City Quay Hotel yesterday, but few turned up.


CAMPION MCCALL: Joint Liquidators Take Over Operations
------------------------------------------------------
Asher Miller and David Rubin were appointed joint liquidators of
Campion McCall Ltd. (formerly Ian McCall International Ltd.) on
May 1 for the creditors' voluntary winding-up proceeding.

The company can be reached at:

         Campion McCall Ltd.
         22-23 Widegate Street
         City of London
         London
         E1 7HP
         England
         Tel: 020 7377 8585
         Fax: 020 7950 1088


EUROFRESH DESIGNS: Calls In Liquidator from HKM LLP
---------------------------------------------------
Jason Groocock of HKM LLP was appointed liquidator of Eurofresh
Designs Ltd. on April 30 for the creditors' voluntary winding-up
procedure.

HKM LLP -- http://www.hkm.co.uk/-- is an independent and
regulated firm of accountants, business and taxation advisors
and insolvency specialists.  In July 2004, HKM Harlow Khandhia
Mistry changed its business status to become a limited liability
partnership and is now known as HKM LLP.

The company can be reached at:

         Eurofresh Designs Ltd.
         Unit 10 St. Marys Works
         Burnmoor Street
         Leicester
         LE2 7JL
         England
         Tel: 0116 255 3255
         Fax: 0116 276 1319


FOODCORP LTD: First Lifestyle Buy Prompts S&P to Remove Watch
-------------------------------------------------------------
Standard & Poor's Ratings Services removed from CreditWatch and
affirmed its 'B+' corporate credit and senior secured debt
ratings on South African food manufacturer Foodcorp Ltd.  This
follows the company's proposed debt-financed acquisition of 80%
of First Lifestyle Ltd. and related proposed tap issue.  The
outlook is negative.

At the same time, the existing recovery rating on the senior
secured bonds was affirmed at '3', reflecting meaningful
recovery of principal (50%-80%) in an event of default.  The
corporate credit and debt ratings were originally placed on
CreditWatch on April 3, 2007, when Foodcorp's proposed
acquisition of First Lifestyle was first announced.

"We expect the increased leverage stemming from the acquisition
of First Lifestyle, notably as a result of the planned tap issue
for the euro equivalent of South African rand 1,335 million will
be compensated by the business benefits of the deal," said
Standard & Poor's credit analyst Philip Temme.

The company is also planning a South African rand 215 million
rights issue, which would be used to repay mezzanine debt and
preference shares and would be beneficial to its credit profile.
Pro forma debt to EBITDA on projected completion of all three
transactions at Aug. 31, 2007, is expected to be about 5.3x.
Although debt levels will decline only slowly thereafter, the
company's overall earnings capacity will improve.

Foodcorp's financial profile will likely remain at a level not
wholly consistent with the ratings in the initial period
following the acquisition of First Lifestyle.  Specifically,
this level is defined as adjusted debt to EBITDA of less than
5x.  The deal will bring business benefits which, in the absence
of further acquisitions, have the capacity to improve credit
metrics over time as the full earnings potential of the First
Lifestyle acquisition is realized and free operating cash flow
measures improve from financial 2009 onward.  There is minimal
leeway within the ratings for the company to pay dividends for
the first few years of the refinancing.  Additionally, the
ratings assume that both the proposed tap and rights issues are
successfully completed within three months.

Should the company fail to demonstrate progress toward achieving
the 5x target level by year-end 2008, the ratings could be
lowered.  Conversely, should incremental earnings from the
acquisition enable Foodcorp to achieve and sustain a financial
profile commensurate with the ratings (including total interest
cover over 2.3x and positive free operating cash flows after
capital expenditure), Standard & Poor's would consider revising
the outlook to stable.


HALLMARQUE ASSISTANCE: Names C. H. I. Moore Liquidator
------------------------------------------------------
C. H. I. Moore of K.J.Watkin & Co was appointed liquidator of
Hallmarque Assistance Ltd. on March 20 for the creditors'
voluntary winding-up proceeding.

The company can be reached at:

         Hallmarque Assistance Ltd.
         Unit 4 The Courtyard
         Roman Way
         Coleshill
         Birmingham
         B46 1HQ
         England
         Tel: 01675 466 000
         Fax: 01675 464 000


IMAGETRACK LTD: Brings In Liquidators from Shipleys LLP
-------------------------------------------------------
R. D. Smailes and S. B. Ryman of Shipleys LLP were appointed
joint liquidators of Imagetrack Ltd. on April 27 for the
creditors' voluntary winding-up procedure.

The company can be reached at:

         Imagetrack Ltd.
         Beaumount House
         Corbetts Lane
         Caerphilly
         CF83 3HX
         Wales
         Tel: 029 2080 7729


NEWFIELD EXPLORATION: Fitch Hands BB+ IDR on Rocky Mountain Buy
---------------------------------------------------------------
Fitch Ratings has affirmed Newfield Exploration Company's Issuer
Default Rating at 'BB+' after the company has announced that it
will acquire Stone Energy's Rocky Mountain assets for
US$575 million.  Fitch also affirms these ratings on Newfield
with a Stable Rating Outlook:

    -- Issuer Default Rating 'BB+';
    -- Senior unsecured 'BB+';
    -- Senior unsecured bank facility 'BB+';
    -- Senior subordinated notes 'BB-'.

The rating action reflects Newfield's announcement to acquire
proved reserves of 200 Bcfe and probable and possible reserves
of more than 150 Bcfe in the Rocky Mountains for US$575 million
(US$2.88/mcfe or US$17.25/boe of proven reserves) from Stone
Energy. The acquired reserves are 70% natural gas, 52% proved
developed and currently produce approximately 40 MMcfe per day,
resulting in a reserve life of nearly 15 years.

The acquisition is expected to add nearly 600,000 net acres and
will build upon Newfield's existing presence in the Uinta Basin,
which it acquired in its 2004 acquisition of Inland Resources.
Fitch expects the company to finance the transaction initially
with borrowings on the company's US$1 billion credit facility,
with proceeds generated from divesting assets used to repay
borrowings during the second half of the year.

While complete details on assets to be divested have yet to be
released, Newfield's U.K. North Sea properties (Grove field) as
well as its producing properties in Bohai Bay, China are
expected to be on the list.  Additional divestitures are
expected to come from the company's onshore Texas Gulf Coast,
Mid-Continent and shallow water Gulf of Mexico properties.
Target proceeds from asset sales have yet to be released by
Newfield; however, Fitch anticipates proceeds should at least
approximate the US$575 million purchase price for the Rocky
Mountains acquisition and could exceed this level.

As a result of the proposed acquisition, the company's
significant capex budget in 2007 (resulting in negative free
cash flows of US$400 million-US$500 million) and due to the
US$125 million of 7.45% senior notes coming due in October of
this year, liquidity is likely to come under pressure and Fitch
would expect Newfield to increase the borrowing capacity of the
credit facility.  In addition, Fitch believes it is likely that
the company will look to term out some of the revolver
borrowings later in the year.

Success in growing 2007 production to the guidance range of 265-
279 Bcfe (unadjusted for planned acquisitions and divestitures)
combined with the generation of excess proceeds (greater than
US$575 million) from divestments will be key drivers to
Newfield's debt balance at year-end 2007.  Fitch will monitor
the company's success in minimizing year-end 2007 debt levels,
combined with expectations for free cash flows in 2008 as key
drivers for future rating and/or outlook changes.

Credit metrics were strong at year-end 2006 as Newfield
generated EBITDA of US$1.211 billion during the year and
provided interest coverage of 13.9 times and leverage, as
measured by debt-to-EBITDA, of 1.0x.  Free cash flow during 2006
was negative US$322 million and is expected to remain negative
in 2007 as the company aggressively develops the Woodford Shale
resource play.  At year-end 2006, debt/boe of proven reserves
was US$3.10/boe (US$.517/mcfe) and debt/boe of proven developed
reserves was US$4.74/boe (US$.79/mcfe).  While the proposed
acquisition, net of divestments, is not expected to materially
increase debt levels on a per boe basis, borrowings to support
the capital spending program could result in increased debt/boe
and debt/PDP.

Newfield's credit profile should continue to benefit from high
commodity prices and the company's active hedging program, which
reduce exposure to near-term commodity price volatility.  While
interest expense and production costs are expected to rise,
increased production levels should mitigate this increase.
Continued success in organic reserve additions are expected to
minimize the impact to leverage metrics on a debt/boe and
debt/PDP basis.

Newfield is a mid-sized oil and gas exploration and production
company headquartered in Houston, Texas.  Newfield has
operations in several major regions of the United States
(shallow and deep water Gulf of Mexico, Mid-Continent, South
Texas, and Rocky Mountains), as well as international offshore
operations in the U.K. North Sea, Malaysia, and China.  At YE
2006, Newfield's reserves had grown to nearly 379 mmboe, of
which 65% was proven developed and 70% natural gas.


PAINT POTS: Taps Paul James Fleming to Liquidate Assets
-------------------------------------------------------
Paul James Fleming of Parkin S. Booth & Co. was appointed
liquidator of Paint Pots Nursery Ltd. on May 3 for the
creditors' voluntary winding-up procedure.

Parkin S. Booth & Co http://www.parkinsbooth.co.uk/-- deals
entirely with insolvency practice.

The company can be reached at:

         Paint Pots Nursery Ltd.
         Bracken House
         Charles Street
         Manchester
         M1 7BD
         England
         Tel: 0161 950 0025


SHELDEN CURTAINS: Appoints Lane Bednash as Liquidator
-----------------------------------------------------
Lane Bednash of Valentine & Co. was appointed liquidator of
Shelden Curtains Ltd. on May 2 for the creditors' voluntary
winding-up procedure.

The company can be reached at:

         Shelden Curtains Ltd.
         Unit D4 Seedbed Centre
         Loughton
         IG10 3TQ
         England
         Tel: 020 8787 7099


THORNSHAW LTD: Hires Brendan Doyle to Liquidate Assets
------------------------------------------------------
Brendan Doyle was appointed liquidator of Thornshaw Ltd. on
May 3 for the creditors' voluntary winding-up proceeding.

The company can be reached at:

         Thornshaw Ltd.
         Unit 6
         Raven Close
         Bridgend Industrial Estate
         Bridgend
         CF31 3RF
         Wales
         Tel: 01656 669 024
         Fax: 01656 669 068



TIFFIN LONDON: Names Michaela Joy Hall Liquidator
-------------------------------------------------
Michaela Joy Hall of Harris Lipman LLP was appointed liquidator
of Tiffin (London) Ltd. on May 2 for the creditors' voluntary
winding-up procedure.

The company can be reached at:

         Tiffin (London) Ltd.
         The Bungalow
         Batchworth Heath Farm
         Rickmansworth
         WD3 1QB
         England
         Tel: 0800 037 5203


WEBFREIGHT SAMEDAY: Appoints Liquidators from Tait Walker
---------------------------------------------------------
Gordon S. Goldie and Allan David Kelly of Tait Walker were
appointed joint liquidators of Webfreight (Sameday) Ltd. on
May 4 for the creditors' voluntary winding-up procedure.

Tait Walker -- http://www.taitwalker.co.uk/-- provides
financial advisory services that include corporate finance,
audit and specialized audit, accounts, forensic accounting,
outsourcing, business development, business taxes and VAT,
company pension, schemes, company financial services, IT
consultancy, business disposals and acquisitions.

The company can be reached at:

         Webfreight (Sameday) Ltd.
         Unit 30
         New York Way
         New York Industrial Park
         Newcastle Upon Tyne
         NE27 0QF
         England
         Tel: 0191 296 2211
         Fax: 0191 272 8222


WORLD GYM: Joint Liquidators Take Over Operations
-------------------------------------------------
Mark Elijah Thomas Bowen and Nigel Price of Moore Stephens LLP
were appointed joint liquidators of World Gym Ltd. on May 8 for
the creditors' voluntary winding-up procedure.

Moore Stephens -- http://www.moorestephens.co.uk/-- offers
audit, business support, corporate finance, corporate recovery,
dispute analysis, financial services, insurance broking, IT
consultancy, pensions audit, risk advisory services, tax and
trusts & estates services.  Its U.K. network comprises over
1,400 partners and staff.

The company can be reached at:

         World Gym Ltd.
         86 Bull Street
         Birmingham
         B4 6AB
         England
         Fax: 0121 212 0251


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------
May 17-18, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      6th Annual Great Lakes Regional Conference
         Renaissance Quail Hollow Resort, Painesville, Ohio
            Contact: http://www.turnaround.org/

May 17, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Enterprise Valuation / Sale of the Distressed Business
         Athletic Club, Seattle, Washington
            Contact: http://www.turnaround.org/

May 17, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Women's Networking Lunch
         TBD, Arizona
            Contact: 623-581-3597 or www.turnaround.org/

May 18, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      13 Week CF Program
         Kansas City, Missouri
            Contact: http://www.turnaround.org/

May 21, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      LI-TMA Annual Golf Outing
         TBD, Long Island, New York
            Contact: 631-251-6296 or http://www.turnaround.org/

May 22, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Hedge Funds
         Standard Club, Chicago, Illinois
            Contact: http://www.turnaround.org/

May 23, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Networking Breakfast
         Calaloo Caf,, Morristown, New Jersey
            Contact: 908-575-7333 or www.turnaround.org/

May 23, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Buying Assets in Bankruptcy - Opportunities and Pitfalls
        McCormick & Schmick's, Las Vegas, Nevada
            Contact: http://www.turnaround.org/

May 24, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Spring Social
         La Brasserie, Toronto, Ontario
            Contact: 416-867-2300 or http://www.turnaround.org/


May 24, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Scotch & Cigar Night
         Buena Vista Cigar Club, Beverly Hills, California
            Contact: 310-458-2081 or http://www.turnaround.org/

May 24-25, 2007
   BEARD GROUP AND RENAISSANCE AMERICAN CONFERENCES
      Fourth Annual Conference on Distressed Investing Europe
         Maximizing Profits in the European Distressed Debt
            Market
               Le Meridien Piccadilly Hotel - London, UK
                  Contact: 800-726-2524;
                     http://renaissanceamerican.com/

May 24, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Arizona and RMA Joint Meeting
         Hotel Valley Ho, Scottsdale, Arizona
            Contact: http://www.turnaround.org/

May 28, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA - ANZ Great Debate
         ANZ Bank, Sydney, Australia
            Contact: http://www.turnaround.org/

May 29, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
     Luncheon - Bankruptcy Judges Panel
         Citrus Club, Orlando, Florida
            Contact: http://www.turnaround.org/

May 30-31, 2007
   FINANCIAL RESEARCH ASSOCIATES
      Distressed Debt
         Harvard Club, New York, New York
            Contact: http://www.frallc.com/

May 31, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Wine Tasting and Casino Night
         Mayfair Farms, West Orange, New Jersey
            Contact: 908-575-7333 or http://www.turnaround.org/

May 31, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Breakfast Speaker Series
         E&Y Tower, Calgary, Alberta
            Contact: http://www.turnaround.org/

May 31 - June 1, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      2nd Annual TMA Southeast Regional Conference
         Marriott Resort at Grande Dunes
            Myrtle Beach, South Carolina
               Contact: http://www.turnaround.org/

May 31 - June 2, 2007
   AMERICAN LAW INSTITUTE - AMERICAN BAR ASSOCIATION
      Partnerships, LLCs, and LLPs: Uniform Acts, Taxation,
         Drafting, Securities, and Bankruptcy
            Baltimore, Maryland
               Contact: 1-800-CLE-NEWS; http://www.ali-aba.org/

June 4, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA NY Golf & Tennis Outing
         Fresh Meadow Country Club, Lake Success, New York
            Contact: 646-932-5532 or http://www.turnaround.org/

June 4-7, 2008
   ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
      24th Annual Bankruptcy & Restructuring Conference
        JW Marriott Spa and Resort, Las Vegas, Nevada
           Contact: http://http://www.airacira.org/

June 6-8, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      5th Annual Mid-Atlantic Regional Symposium
         Borgata Hotel Casino & Spa
            Atlantic City, New Jersey
               Contact: http://www.turnaround.org/

June 6-9, 2007
   ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
      23rd Annual Bankruptcy & Restructuring Conference
         Westin River North, Chicago, Illinois
            Contact: http://www.airacira.org/

June 6, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Golf Tournament
         Northview Golf and Country Club, Vancouver, British
            Columbia
               Contact: 206-223-5495 or
http://www.turnaround.org/

June 7, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Dinner Event - Networking
         University Club, Portland, Oregon
            Contact: 206-223-5495 or http://www.turnaround.org/

June 7, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Looking Over the Edge, Successful Resolutions out of
         Bankruptcy
            IDS Center, Minneapolis, Minnesota
               Contact: http://www.turnaround.org/

June 7-8, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Mealey's Asbestos Bankruptcy Conference
         Intercontinental Hotel, Chicago, Illinois
            Contact: http://www.turnaround.org/

June 12, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Association for Corporate Growth Arizona Chapter Meeting
         Biltmore Hotel, Phoenix, Arizona
            Contact: http://www.turnaround.org/

June 14, 2007
   BEARD AUDIO CONFERENCES
      IP Rights In Bankruptcy
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

June 14, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      ACG/TMA Annual Pacific Northwest Golf Tournament
         Washington National Golf Club, Auburn, Washington
            Contact: 206-223-5495 or http://www.turnaround.org/

June 14, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Economic Update at the 1/2 Year Mark
         University Club, Portland, Oregon
            Contact: http://www.turnaround.org/

June 14-17, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      Central States Bankruptcy Workshop
         Grand Traverse Resort, Traverse City, Michigan
            Contact: 1-703-739-0800; http://www.abiworld.org/

June 19, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Networking Breakfast
         Clarion Hotel, Princeton, New Jersey
            Contact: 908-575-7333 or www.turnaround.org/

June 20, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      7th Annual Charity Golf Outing
         Harborside International, Chicago, Illinois
            Contact: 815-469-2935 or http://www.turnaround.org/

June 20, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Bank Workout Panel
         Oak Hill Country Club, Rochester, New York
            Contact: http://www.turnaround.org/

June 21, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      7th Annual TMA Toronto Golf Social
         Board of Trade Country Club, Woodbridge, Ontario
            Contact: 416-867-2300 or http://www.turnaround.org/


June 21, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Valuing Distressed and Troubled Companies
         Denver Athletic Club, Denver, Colorado
            Contact: http://www.turnaround.org/

June 21, 2007
   INTERNATIONAL WOMEN'S INSOLVENCY & RESTRUCTURING
CONFEDERATION
      Corporate Reorganization Conference
         (2nd Annual IWIRC Woman of the Year Award)
            Chicago, Illinois
               Contact: http://www.iwirc.org/

June 21, 2007
   NEW YORK SOCIETY OF SECURITY ANALYSTS
      Career Chat: Emerging Careers in Distressed Securities
         New York, New York
            Contact: http://www.nyssa.org/

June 21-22, 2007
   BEARD GROUP AND RENAISSANCE AMERICAN CONFERENCES
      Tenth Annual Conference on Corporate Reorganizations
         Successful Strategies for Restructuring Troubled
            Companies
               The Millennium Knickerbocker Hotel - Chicago
                  Contact: 800-726-2524;
                     http://renaissanceamerican.com/

June 25-26, 2007
   STRATEGIC RESEARCH INSTITUTE
      10th Annual Distressed Debt Investing Summit
         Helmsley Hotel, New York, New York
            Contact: http://www.srinstitute.com/

June 26, 2007
   BEARD AUDIO CONFERENCES
      Partnerships in Bankruptcy: Unwinding The Deal
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

June 26, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Luncheon - Bankruptcy Judges Panel
         Centre Club, Tampa, Florida
            Contact: http://www.turnaround.org/

June 26-27, 2007
   AMERICAN CONFERENCE INSTITUTE
      Distressed Condo Projects: Turnaround and Workout
         Strategies
            Trump International Sonesta Beach Resort
               Sunny Isles, Florida
                  Contact: http://www.americanconference.com/

June 28 - July 1, 2007
   NORTON INSTITUTES
      Norton Bankruptcy Litigation Institute
         Jackson Lake Lodge, Jackson Hole, Wyoming
            Contact: http://www2.nortoninstitutes.org/

July 5, 2007
TURNAROUND MANAGEMENT ASSOCIATION
   SummerFest
      Milwaukee's Lake Front, Milwaukee, Wisconsin
         Contact: 815-469-2935 or http://www.turnaround.org/

July 12, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Luncheon - Bankruptcy Judges Panel
         University Club, Jacksonville, Florida
            Contact: http://www.turnaround.org/

July 12-15, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      Northeast Bankruptcy Conference
         Marriott, Newport, Rhode Island
            Contact: 1-703-739-0800; http://www.abiworld.org/

July 12, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Young Professionals Billiards Night
         TBD, New Jersey
            Contact: 908-575-7333 or http://www.turnaround.org/

July 13, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Body of Knowledge - CTP Review Class
         Chicago, Illinois
            Contact: http://www.turnaround.org/

July 18, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      South Florida Dinner
         TBA, South Florida
            Contact: 561-882-1331 or http://www.turnaround.org/

July 19, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Mystic Blue Boat Cruise
         Navy Pier, Chicago, Illinois
            Contact: 815-469-2935 or http://www.turnaround.org/

July 19, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Young Professionals Networking Event
         Location TBA, Philadelphia, Pennsylvania
            Contact: 215-657-5551 or http://www.turnaround.org/

July 23, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Charity Networking Event
         Loews Hotel, Philadelphia, Pennsylvania
            Contact: 215-657-5551 or http://www.turnaround.org/

July 23-24, 2007
   FINANCIAL RESEARCH ASSOCIATES
      Financial Restructuring 101 & 102
         The Flatotel, New York, New York
            Contact: http://www.frallc.com/

July 25-28, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      12th Annual Southeast Bankruptcy Workshop
         The Sanctuary, Kiawah Island, South Carolina
            Contact: http://www.abiworld.org/

July 26, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Arizona Chapter Meeting
         Contact: http://www.turnaround.org/

July 26, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Golf Social Event
         Crystal Lake Golf Club, Lakeville, Minnesota
            Contact: 612-708-0258 or http://www.turnaround.org/

July 27, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Colorado Chapter Annual Golf Tournament
         Kings Deer Golf Club, Monument, Colorado
            Contact: 303-847-5026 or http://www.turnaround.org/

July 30, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Annual Golf Outing
         Raritan Valley Country Club, Bridgewater, New Jersey
            Contact: 908-575-7333 or http://www.turnaround.org/

July 31, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Enterprise Florida: Improving Florida's
         Business Climate and Helping Florida Companies
            Market Overseas
               Citrus Club, Orlando, Florida
                  Contact: http://www.turnaround.org/

Aug. 3, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Women's Spa Event
         Short Hills Hilton, Livingston, New Jersey
            Contact: 908-575-7333 or http://www.turnaround.org/

Aug. 9, 2007
   BEARD AUDIO CONFERENCES
      Technology as a Competitive Advantage For Today's Legal
         Processes
            Contact: 240-629-3300;
               http://www.beardaudioconferences.com/

Aug. 9-11, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      3rd Annual Mid-Atlantic Bankruptcy Workshop
         Hyatt Regency Chesapeake Bay
            Cambridge, Maryland
               Contact: http://www.abiworld.org/

Aug. 10, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Body of Knowledge - CTP Review Class
         Chicago, Illinois
            Contact: http://www.turnaround.org/

Aug. 16, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Colorado Chapter Annual Brew Pub & Pool Social
         Wynkoop Brewing Company, Denver, Colorado
            Contact: 303-847-5026 or http://www.turnaround.org/

Aug. 23-26, 2007
   NATIONAL ASSOCIATION OF BANKRUPTCY JUDGES
      NABT Convention
         Drake Hotel, Chicago, Illinois
            Contact: http://www.nabt.com/

Aug. 24, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Annual Fishing Trip
         Point Pleasant, New Jersey
            Contact: 908-575-7333 or http://www.turnaround.org/

Aug. 28, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Luncheon - Healthcare Panel
         Centre Club, Tampa, Florida
            Contact: http://www.turnaround.org/

Aug. 29-30, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      3rd Annual Northeast Regional Conference
         Gideon Putnam Resort and Spa, Saratoga Springs,
            New York
               Contact: http://www.turnaround.org/

Sept. 6-7, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Complex Financial Restructuring Program
         Four Seasons, Las Vegas, Nevada
            Contact: http://www.turnaround.org/

Sept. 6-8, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      15th Annual Southwest Bankruptcy Conference
         Four Seasons
            Las Vegas, Nevada
               Contact: http://www.abiworld.org/

Sept. 14, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Body of Knowledge - CTP Review Class
         Chicago, Illinois
            Contact: http://www.turnaround.org/

Sept. 19, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Buying and Selling Troubled Companies
         Marriott North, Fort Lauderdale, Florida
            Contact: http://www.turnaround.org/

Sept. 19, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      South Florida Dinner
         TBA, South Florida
            Contact: 561-882-1331 or http://www.turnaround.org/

Sept. 20, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Lean Transformation at Current and Other Case Studies
         Denver Athletic Club, Denver, Colorado
            Contact: http://www.turnaround.org/

Sept. 25, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Luncheon - Retail Panel
         Citrus Club, Orlando, Florida
            Contact: http://www.turnaround.org/

Sept. 26, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Joint Educational & Networking Reception
         TBD, New Jersey
            Contact: 908-575-7333 or http://www.turnaround.org/

Sept. 27, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Arizona Chapter Meeting
         Contact: http://www.turnaround.org/

Sept. 27-30, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      8th Annual Cross Border Business
         Restructuring & Turnaround Conference
            Contact: http://www.turnaround.org/

Oct. 2, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Networking Breakfast
         TBD, Bridgewater, New Jersey
            Contact: 908-575-7333 or http://www.turnaround.org/

Oct. 5, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      ABI/GULC "Views from the Bench"
         Georgetown University Law Center
            Washington, District of Columbia

Oct. 9-10, 2007
   IWIRC
      Orlando, Florida
         IWIRC Annual Fall Conference
            Contact: http://www.iwirc.org/

Oct. 10-13, 2007
   NATIONAL CONFERENCE OF BANKRUPTCY JUDGES
      81st Annual National Conference of Bankruptcy Judges
         Contact: http://www.ncbj.org/

Oct. 11, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Luncheon
         University Club, Jacksonville, Florida
            Contact: 561-882-1331 or http://www.turnaround.org/

Oct. 12, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      ABI Educational Program at NCBJ
         Orlando World Marriott, Orlando, Florida
            Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 16-19, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Annual Convention
         Marriott Copley Place
            Boston, Massachussets
               Contact: 312-578-6900; http://www.turnaround.org/

Oct. 25, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Capital Markets Case Study
         Contact: http://www.turnaround.org/

Oct. 25, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Arizona Chapter Meeting
         Contact: http://www.turnaround.org/

Oct. 30, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Luncheon
         Centre Club, Tampa, Florida
            Contact: 561-882-1331 or http://www.turnaround.org/

Oct. 30, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Crisis Communications With Employees,Vendors and Media
         Centre Club, Tampa, Florida
            Contact: http://www.turnaround.org/

Nov. 1, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Networking Breakfast
         TBD, Hackensack, New Jersey
            Contact: 908-575-7333 or http://www.turnaround.org/

Nov. 12, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      Consumer Bankruptcy Conference
         Marriott, Troy, Michigan
            Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 14, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Holiday Mixer
         McCormick & Schmick's, Las Vegas, Nevada
            Contact: 702-952-2480 or http://www.turnaround.org/

Nov. 14, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Dinner
         South Florida
            Contact: 561-882-1331 or http://www.turnaround.org/

Nov. 15, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Portland Holiday Party
         University Club, Portland, Oregon
            Contact: 206-223-5495 or http://www.turnaround.org/

Nov. 22, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Networking Mixer
         TBA, Vancouver
            Contact: 206-223-5495 or www.turnaround.org/

Nov. 27, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Luncheon - Real Estate Panel
         Citrus Club, Orlando, Florida
            Contact: http://www.turnaround.org/

Nov. 29, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Special Speaker
        TBD, New Jersey
            Contact: 908-575-7333 or http://www.turnaround.org/

Nov. 29, 2007
   TMA Arizona Chapter Meeting
      TURNAROUND MANAGEMENT ASSOCIATION
         Contact: http://www.turnaround.org/

Dec. 6, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Seattle Holiday Party
         Athletic Club, Seattle, Washington
            Contact: 206-223-5495 or http://www.turnaround.org/

Dec. 6-8, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      Winter Leadership Conference
         Westin Mission Hills Resort, Rancho Mirage, California
            Contact: 1-703-739-0800; http://www.abiworld.org/

Dec. 13, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Holiday Extravaganza - TMA & CFA
         Georgia Aquarium, Atlanta, Georgia
            Contact: 678-795-8103 or http://www.turnaround.org/

Dec. 19, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      South Florida Dinner
         TBA, South Florida
            Contact: 561-882-1331 or http://www.turnaround.org/

Jan. 10, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      Luncheon
         University Club, Jacksonville, Florida

March 25-29, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Spring Conference
         Ritz Carlton Grande Lakes, Orlando, Florida
            Contact: http://www.turnaround.org/

April 3-6, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      26th Annual Spring Meeting
         The Renaissance, Washington, District of Columbia
            Contact: http://www.abiworld.org/

April 25-27, 2008
   NATIONAL ASSOCIATION OF BANKRUPTCY JUDGES
      NABT Spring Seminar
         Eldorado Hotel & Spa, Santa Fe, New Mexico
            Contact: http://www.nabt.com/

May 1-2, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      Debt Symposium
         Hilton Garden Inn, Champagne/Urbana, Illinois
            Contact: 1-703-739-0800; http://www.abiworld.org/

June 12-14, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      15th Annual Central States Bankruptcy Workshop
         Grand Traverse Resort and Spa, Traverse City, Michigan
            Contact: http://www.abiworld.org/

July 10-13, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      16th Annual Northeast Bankruptcy Conference
         Ocean Edge Resort
            Brewster, Massachussets
               Contact: http://www.turnaround.org/

July 31 - Aug. 2, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      4th Annual Mid-Atlantic Bankruptcy Workshop
         Hyatt Regency Chesapeake Bay
            Cambridge, Maryland
               Contact: http://www.abiworld.org/

Aug. 16-19, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      13th Annual Southeast Bankruptcy Workshop
         Ritz-Carlton, Amelia Island, Florida
            Contact: http://www.abiworld.org/

Aug. 20-24, 2008
   NATIONAL ASSOCIATION OF BANKRUPTCY JUDGES
      NABT Convention
         Captain Cook, Anchorage, Alaska
            Contact: http://www.nabt.com/

Sept. 24-27, 2008
   NATIONAL CONFERENCE OF BANKRUPTCY JUDGES
      National Conference of Bankruptcy Judges
         Scottsdale, Arizona
            Contact: http://www.ncbj.org/

Oct. 28-31, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Annual Convention
         Marriott New Orleans, Louisiana
            Contact: 312-578-6900; http://www.turnaround.org/

Dec. 4-6, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      20th Annual Winter Leadership Conference
         Westin La Paloma Resort & Spa
            Tucson, Arizona
               Contact: http://www.abiworld.org/

May 7-10, 2009
   AMERICAN BANKRUPTCY INSTITUTE
      27th Annual Spring Meeting
         Gaylord National Resort & Convention Center
            National Harbor, Maryland
               Contact: http://www.abiworld.org/

Sept. 10-12, 2009
   AMERICAN BANKRUPTCY INSTITUTE
      17th Annual Southwest Bankruptcy Conference
         Hyatt Regency Lake Tahoe, Incline Village, Nevada
            Contact: http://www.abiworld.org/

Oct. 5-9, 2009
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Annual Convention
         Marriott Desert Ridge, Phoenix, Arizona
            Contact: 312-578-6900; http://www.turnaround.org/

2009 (TBA)
   NATIONAL CONFERENCE OF BANKRUPTCY JUDGES
      National Conference of Bankruptcy Judges
         Las Vegas, Nevada
            Contact: http://www.ncbj.org/

June 21-24, 2009
   INSOL
      8th International World Congress
         TBA
            Contact: http://www.insol.org/

Dec. 3-5, 2009
   AMERICAN BANKRUPTCY INSTITUTE
      21st Annual Winter Leadership Conference
         La Quinta Resort & Spa, La Quinta, California
            Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 4-8, 2010
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Annual Convention
         JW Marriott Grande Lakes, Orlando, Florida
            Contact: http://www.turnaround.org/

2010 (TBA)
   NATIONAL CONFERENCE OF BANKRUPTCY JUDGES
      National Conference of Bankruptcy Judges
         New Orleans, Louisiana
            Contact: http://www.ncbj.org/

BEARD AUDIO CONFERENCES
   BAPCPA One Year On: Lessons Learned and Outlook
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Calpine's Chapter 11 Filing
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Changes to Cross-Border Insolvencies
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Changing Roles & Responsibilities of Creditors' Committees
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Clash of the Titans -- Bankruptcy vs. IP Rights
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Coming Changes in Small Business Bankruptcy
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Dana's Chapter 11 Filing
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Deepening Insolvency - Widening Controversy: Current Risks,
      Latest Decisions
         Audio Conference Recording
            Contact: 240-629-3300;
               http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Diagnosing Problems in Troubled Companies
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Distressed Claims Trading
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Distressed Market Opportunities
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Distressed Real Estate under BAPCPA
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Employee Benefits and Executive Compensation under the New
      Code
         Audio Conference Recording
            Contact: 240-629-3300;
               http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Equitable Subordination and Recharacterization
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Fundamentals of Corporate Bankruptcy and Restructuring
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Healthcare Bankruptcy Reforms
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   High-Yield Opportunities in Distressed Investing
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Homestead Exemptions under BAPCPA
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Hospitals in Crisis: The Insolvency Crisis Plaguing
      Hospitals Across the U.S.
         Audio Conference Recording
            Contact: 240-629-3300;
               http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   KERPs and Bonuses under BAPCPA
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Privacy Rights, Protections & Pitfalls in Bankruptcy
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Real Estate Bankruptcy
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Reverse Mergers-the New IPO?
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Second Lien Financings and Intercreditor Agreements
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Surviving the Digital Deluge: Best Practices in E-Discovery
      and Records Management for Bankruptcy Practitioners
         and Litigators
            Audio Conference Recording
               Contact: 240-629-3300;
                  http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Validating Distressed Security Portfolios: Year-End Price
      Validation and Risk Assessment
         Audio Conference Recording
            Contact: 240-629-3300;
               http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   When Tenants File -- A Landlord's BAPCPA Survival Guide
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Handling Complex Chapter 11
      Restructuring Issues
         Audio Conference Recording
            Contact: 240-629-3300;
               http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Hospitals in Crisis: The Insolvency Crisis
      Plaguing Hospitals Across the U.S.
         Audio Conference Recording
            Contact: 240-629-3300;
               http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   IP Rights In Bankruptcy
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Partnerships in Bankruptcy: Unwinding The Deal
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Technology as a Competitive Advantage For Today's Legal
      Processes
         Audio Conference Recording
            Contact: 240-629-3300;
               http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   Twenty-Day Claims
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/


                           *********

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/booksto 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.


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