TCREUR_Public/070913.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, September 13, 2007, Vol. 8, No. 182

                            Headlines


A U S T R I A

ARDIL LLC: Feldkirch Court Orders Business Shutdown
EMSER STUEBLE: Claims Registration Period Ends Sept. 17
FRANZ KLETT: Claims Registration Period Ends Sept. 25
GLATZ KG: Claims Registration Period Ends Sept. 25
GOEDL HANDEL: Claims Registration Period Ends Sept. 25

IHB AUSTRIA: Claims Registration Period Ends Sept. 25
M. LIETZ: Claims Registration Period Ends Sept. 25
PAULOWITZ KEG: Estate Administrator Declares Insufficient Assets


B E L G I U M

CHIQUITA BRANDS: CEO Answers DOJ's Memorandum on Colombia Unit


E S T O N I A

ARROW ELECTRONICS: Partners w/ IBM Global Engineering Solutions


F R A N C E

BOSTON SCIENTIFIC: Says FDA Warning May Not Be Lifted This Year
EUTELSAT COMMS: Extends Distribution Agreement with Viasat
RHODIA SA: To Delist Shares in New York Stock Exchange


G E R M A N Y

AZA ABWICKLUNGSZENTRALE: Claims Registration Ends October 12
CONCEPTHAUS BAUSYSTEME: Claims Registration Period Ends Oct. 20
COOK & CONCEPT: Creditors' Meeting Slated for Oct. 8
DEMIREL GUSSPUTZ: Claims Registration Period Ends Oct. 22
DENTALLABOR HATTINGEN: Creditors Must File Claims by October 16

DIETER KRETZBERG: Claims Registration Ends October 25
EUROFORM SCHALUNGSSERVICE: Creditors' Meeting Set for Sept. 19
FAIM TRANSPORT: Claims Registration Ends October 25
FERBER + HANUSA: Creditors' Meeting Slated for Sept. 27
GEBR. GUTMANN GMBH: Creditors' Meeting Slated for October 16

GERHARD BAU: Creditors Must File Claims by October 16
HOVA FRACHT: Creditors Must Register Claims by October 25
MALSKY GMBH: Creditors Must Register Claims by October 11
MEBITEC INGENIEURGEMEINSCHAFT: Creditors’ Claims Due October 15
MHB MOTORYACHTCHARTER: Creditors Must Register Claims by Oct. 10

PONTIS MARKETING: Creditors Must Register Claims by October 25
PROPLAN BUERO: Claims Registration Ends October 2
SACHSISCHE WASSERBAU: Claims Registration Ends Sept. 28
SANITATSHAUS KLINGER: Claims Registration Ends Sept. 28
SCHLEUSSIG VERWALTUNGS: Creditors Must File Claims by October 15

SELF VERTRIEBSGESELLSCHAFT: Claims Registration Ends October 4
TELEFONBAU GMBH: Claims Registration Ends Sept. 28
TIMTEX MASCHINENBAU: Creditors Must File Claims October 15
TRESSTRONIC GMBH: Claims Registration Ends October 5
UMFORMTECHNIK WERKZEUG: Claims Registration Ends Sept. 28

ZAP GASTSTATTEN: Claims Registration Ends October 4


H U N G A R Y

AES CORP: Hiring Independent Auditor for Brasiliana Appraisal


I T A L Y

ALITALIA SPA: Chairman Eyes to Close Stake Sale by December 2007
FIAT SPA: Creates Joint Venture with Severstal's Car Division


K A Z A K H S T A N

ALEX KIT: Proof of Claim Deadline Slated for Oct. 12
ALTYN SIYIR: Creditors Must File Claims Oct. 12
ARDENI COM: Claims Filing Period Ends Oct. 12
COMPLEX NEFTE: Creditors' Claims Due on Oct. 12
KAMO LTD: Claims Registration Ends Oct. 12

KARGALINSKAYA SHERST: Creditors Must File Claims Oct. 12
SHILI LLP: Claims Filing Period Ends Oct. 12


K Y R G Y Z S T A N

NUR INTER: Proof of Claim Deadline Slated for October 24


N E T H E R L A N D S

YUKOS FINANCE: Promneftstroy Completes Payment for Shares


R U S S I A

AKBULAK-AGRO-PROM-TRANS: Creditors Must File Claims by Sept. 18
BASALT PLUS: Creditors Must File Claims by Sept. 18
BASHKIRSKIE AIRLINES: Creditors Must File Claims by Oct. 18
DONSKOE LLC: Creditors Must File Claims by Oct. 18
EURO-FURNITURE LLC: Creditors Must File Claims by Sept. 18

FRESH CJSC: Creditors Must File Claims by Oct. 18
KALMANSKIY BUTTER: Creditors Must File Claims by Sept. 18
KANSKAYA TOBACCO: Krasnoyarsk Court Postpones Hearing to Oct. 4
LUCH SINTEZ: Creditors Must File Claims by Oct. 18
MAGNITOGORSK IRON: To Build a RUR3 Billion Stamping Plant

PAVLOVSKOE CAR: Voronezh Bankruptcy Hearing Slated for Nov. 15
ROSNEFT OIL: Completes Payment for Yukos Oil Receivables
SELITBENSKOE CJSC: Creditors Must File Claims by Oct. 18
SEVERSTAL OAO: Earns US$999 Million for First Half 2007
SEVERSTAL OAO: Car Division Forms Joint Venture with Fiat SpA

SIB-GAS-OIL-COM: Creditors Must File Claims by Oct. 18
SODBIZNESBANK: Police Seize Bank Documents Over Bankruptcy Probe
STEPNOE CJSC: Creditors Must File Claims by Sept. 18
SUMR OJSC: Creditors Must File Claims by Sept. 18
TAVDINSKOE GRAIN: Asset Sale Slated for September 21

VOLZHSKAYA LADA: Bankruptcy Hearing Slated for Nov. 21
YUKOS OIL: Ex-CEO's Lawyers Gains Access to Chevron Data
YUKOS OIL: Promneftstroy Completes Payment for Yukos Finance
YUKOS OIL: Rosneft Oil Fully Pays for Receivables


S P A I N

FTA SANTANDER: Moodys Junks EUR20 Million Series E Notes


S W I T Z E R L A N D

HIRSCHEN OBERSTAMMHEIM: Liquidation Claims Due September 19
HORIZONTI LLC: Claims Registration Period Ends September 24
JUGENDHEIM HOHLIEBI: Creditors' Liquidation Claims Due Sept. 19
KING HOLDING: Zug Court Starts Bankruptcy Proceedings
MALERGESCHAFT WALTI: Creditors' Liquidation Claims Due Sept. 19

MULTIMAX JSC: Zug Court Starts Bankruptcy Proceedings
PRELAM JSC: Creditors' Liquidation Claims Due September 19
PRIMETRADE JSC: Claims Registration Period Ends September 24
TECOR HOLDING: Creditors' Liquidation Claims Due September 17


U K R A I N E

AKROPOLIS-1 LLC: Creditors Must File Claims by September 14
BI VENDA: Creditors Must File Claims by September 14
DOLINKA LLC: Creditors Must File Claims by September 14
GORNIAK: Creditors Must File Claims by September 14
GULIAYPOLE OJSC: Creditors Must File Claims by September 14

IMPRESS-CONTACT: Creditors Must File Claims by September 14
MEDPROM LLC: Creditors Must File Claims by September 14
MOVABLE COLUMN 3: Creditors Must File Claims by September 14
NADBUZHYE-AGRO LLC: Creditors Must File Claims by September 14
NECHAYANOE LLC: Claims Submission Deadline Set September 14

PIGMATIT: Creditors Must File Claims by September 14
SHYROKOE LLC: Creditors Must File Claims by September 14
SVITANOK LLC: Creditors Must File Claims by September 14
TRANSINKOM-RESOURCE: Creditors Must File Claims by September 14
YURIEVSKY TRADE: Creditors Must File Claims by September 14


U N I T E D   K I N G D O M

AMERICAN MOTORCYCLE: Calls In Liquidators from Vantis plc
AXA INSURANCE: New York Court Recognizes Chapter 15 Petition
CARD CENTRE: Brings In Liquidators from Grant Thornton
CARDTRONICS INC: Files Registration Statement with SEC for IPO
CHRYSLER LLC: Grabs James Press from Toyota; Appointed as Pres.

CINRAM INT'L: Declares CDN$0.2708 Per Unit Cash Distribution
D.A.F. ELECTRICAL: Joint Liquidators Take Over Operations
FORD MOTOR: Inks Pact with Romania to Acquire Craiova Site
NASDAQ STOCK: Defers Deadline for Bidders of 31% LSE Stake
SCOTTISH RE: Clearwater Closes US$555-Mil. Financing Transaction

SOLO CUP: Selling Hoffmaster Biz to Kohlberg Unit for US$170 Mln
SULTANA CARPET: Appoints Neil Francis Hickling as Liquidator
TRILANTIC LTD: Taps Liquidators from Tenon Recovery

* Upcoming Meetings, Conferences and Seminars


                            *********


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


ARDIL LLC: Feldkirch Court Orders Business Shutdown
---------------------------------------------------
The Land Court of Feldkirch entered Aug. 20 an order shutting down the
business of LLC Ardil (FN 266644z).

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

The estate administrator can be reached at:

         Mag. Stefan Aberer
         c/o Mag. Christian Steurer
         Rathausstrasse 37
         6900 Bregenz
         Austria
         Tel: 05574/58085
         Fax: 05574/58085-8
         E-mail: rechtsanwalt@aberer.at

Headquartered in Hoerbranz, Austria, the Debtor declared bankruptcy on
Aug. 3 (Bankr. Case No 13 S 40/07y).  Christian Steurer represents Mag.
Aberer in the bankruptcy proceedings.


EMSER STUEBLE: Claims Registration Period Ends Sept. 17
-------------------------------------------------------
Creditors owed money by LLC Emser Stueble (FN 131486m) have until Sept. 17
to file written proofs of claim to court-appointed estate administrator
Ralph Vetter at:

         Dr. Ralph Vetter
         c/o Dr. Andreas Fritsch
         Reichshofstrasse 11
         6890 Lustenau
         Austria
         Tel: 05577/89300
         Fax: 05577/89300-20
         E-mail: vetter-fritsch@aon.at

Creditors and other interested parties are encouraged to attend the
creditors' meeting at 9:00 a.m. on Sept. 27 for the examination of claims.

The meeting of creditors will be held at:

         The Land Court of Feldkirch
         Conference Hall 45
         First Floor
         Feldkirch
         Austria

Headquartered in Hohenems, Austria, the Debtor declared bankruptcy on Aug.
22 (Bankr. Case No. 14 S 33/07a).  Andreas Fritsch represents Dr. Vetter
in the bankruptcy proceedings.


FRANZ KLETT: Claims Registration Period Ends Sept. 25
-----------------------------------------------------
Creditors owed money by KG Franz Klett (FN 5248v) have until Sept. 25 to
file written proofs of claim to court-appointed estate administrator Peter
Wilhelm at:

         Dr. Peter Wilhelm
         Ringstrasse 9
         3500 Krems
         Austria
         Tel: 02732/82265
         Fax: 02732/82265-6
         E-mail: rechtsanwalt@ra-wilhelm.at

Creditors and other interested parties are encouraged to attend the
creditors' meeting at 9:15 a.m. on Oct. 10 for the examination of claims.

The meeting of creditors will be held at:

         The Land Court of Krems an der Donau
         Hall A
         Second Floor
         Krems an der Donau
         Austria

Headquartered in Krems an der Donau, Austria, the Debtor declared
bankruptcy on Aug. 14 (Bankr. Case No. 9 S 50/07m).


GLATZ KG: Claims Registration Period Ends Sept. 25
--------------------------------------------------
Creditors owed money by KG Glatz (FN 216508w) have until
Sept. 25 to file written proofs of claim to court-appointed estate
administrator Michael Axmann at:

         Dr. Michael Axmann
         Kalchberggasse 10
         8010 Graz
         Austria
         Tel: 0316/832515
         Fax: 0316/816778
         E-mail: office@anwalt-graz.info

Creditors and other interested parties are encouraged to attend the
creditors' meeting at 10:15 a.m. on Oct. 4 for the examination of claims.

The meeting of creditors will be held at:

         The Land Court of Graz
         Room 222
         Second Floor
         Graz
         Austria

Headquartered in Graz, Austria, the Debtor declared bankruptcy on Aug. 20
(Bankr. Case No. 26 S 53/07z).


GOEDL HANDEL: Claims Registration Period Ends Sept. 25
------------------------------------------------------
Creditors owed money by KEG Goedl Handel (FN 271306f) have until Sept. 25
to file written proofs of claim to court-appointed estate administrator
Franz Doppelhofer at:

         Mag. Franz Doppelhofer
         Reitschulgasse 1
         8010 Graz
         Austria
         Tel: 0316/810030
         Fax: 0316/810080
         E-mail: office@fritschpartner.at

Creditors and other interested parties are encouraged to attend the
creditors' meeting at 10:30 a.m. on Oct. 4 for the examination of claims.

The meeting of creditors will be held at:

         The Land Court of Graz
         Room 222
         Second Floor
         Graz
         Austria

Headquartered in Lieboch, Austria, the Debtor declared bankruptcy on Aug.
16 (Bankr. Case No. 26 S 62/07y).


IHB AUSTRIA: Claims Registration Period Ends Sept. 25
-----------------------------------------------------
Creditors owed money by LLC ihb Austria Industrieanlagen (FN 249002f) have
until Sept. 25 to file written proofs of claim to court-appointed estate
administrator Michael Axmann at:

         Dr. Michael Axmann
         Kalchberggasse 10
         8010 Graz
         Austria
         Tel: 0316/832515
         Fax: 0316/816778
         E-mail: office@anwalt-graz.info

Creditors and other interested parties are encouraged to attend the
creditors' meeting at 10:10 a.m. on Oct. 4 for the examination of claims.

The meeting of creditors will be held at:

         The Land Court of Graz
         Room 222
         Second Floor
         Graz
         Austria

Headquartered in Hart bei Graz, Austria, the Debtor declared bankruptcy on
Aug. 20 (Bankr. Case No. 26 S 52/07b).


M. LIETZ: Claims Registration Period Ends Sept. 25
--------------------------------------------------
Creditors owed money by LLC M. Lietz (FN 260299v) have until Sept. 25 to
file written proofs of claim to court-appointed estate administrator Peter
Handler at:

         Mag. Peter Handler
         LLC Handler Rechtsanwalt
         Hauptplatz 33
         8530 Deutschlandsberg
         Austria
         Tel: 03462/4141
         Fax: 03462/414141
         E-mail: office@handler.at

Creditors and other interested parties are encouraged to attend the
creditors' meeting at 10:40 a.m. on Oct. 4 for the examination of claims.

The meeting of creditors will be held at:

         The Land Court of Graz
         Room 222
         Second Floor
         Graz
         Austria

Headquartered in Preding, Austria, the Debtor declared bankruptcy on Aug.
16 (Bankr. Case No. 26 S 63/07w).


PAULOWITZ KEG: Estate Administrator Declares Insufficient Assets
----------------------------------------------------------------
Dr. Stefan Langer, the court-appointed estate administrator for KEG
Paulowitz (FN 262119w), declared Aug. 16 that the Debtor's property is
insufficient to cover creditors' claim.

The Trade Court of Vienna is yet to rule on the estate administrator's claim.

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Aug. 3 (Bankr. Case No. 6 S 92/07g).  Annemarie Kosesnik-Wehrle
represents Dr. Langer in the bankruptcy proceedings.

The estate administrator can be reached at:

         Dr. Stefan Langer
         c/o Dr. Annemarie Kosesnik-Wehrle
         Oelzeltgasse 4
         1030 Vienna
         Austria
         Tel: 713 61 92
         Fax: 713 61 92 22
         E-mail: kanzlei@kosesnik-langer.at


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


CHIQUITA BRANDS: CEO Answers DOJ's Memorandum on Colombia Unit
--------------------------------------------------------------
Fernando Aguirre, Chiquita Brands International Inc.'s chairman and chief
executive officer, responded to the sentencing memorandum filed by the
U.S. Department of Justice regarding the disclosed investigation of
protection payments made by the company's former banana-producing
subsidiary in Colombia, saying, "Chiquita is pleased that the DOJ has
formally recommended that the U.S. District Court for the District of
Columbia approve the plea agreement entered into between the company and
the Justice Department last March."

"Chiquita is also pleased that the government has decided not to prosecute
any current or former company executives in connection with its
investigation," Mr. Aguirre added.  "We believe this is the right decision
and one that reflects the good faith efforts of the company -- and its
officers, directors and employees -- to address a very difficult situation
involving the lives and safety of our employees."

"In recommending final approval of the plea agreement, the government
credited the company for both its voluntary disclosure and its
'significant' cooperation throughout the entire investigation."

"This agreement is in the best interests of the company and reflects a
responsible resolution to a difficult dilemma faced by the company several
years ago," he continued.

"Chiquita looks forward to putting this difficult chapter behind it, and
remains committed to the highest standards of corporate responsibility,
ethical conduct and legal compliance, in the United States and around the
world, Mr. Aguirre said."

Under the terms of the agreement, the company will pay a fine of US$25
million, payable in five annual installments.  The company recorded a
reserve in 2006 for the full amount of the fine in anticipation of
reaching an agreement.

The company does not anticipate that the fine will impact its ability to
operate its business.

              About Chiquita Brands International Inc.

Cincinnati, Ohio-based Chiquita Brands International, Inc.
(NYSE: CQB) -- http://www.chiquita.com/-- markets and
distributes fresh food products including bananas and nutritious blends of
green salads.  The company markets its products under the Chiquita(R) and
Fresh Express(R) premium brands and other related trademarks.  Chiquita
employs around 25,000 people operating in more than 70 countries
worldwide, including
including Belgium, Columbia, Germany, Panama, Philippines, among others.

                            *   *   *

As reported in the Troubled Company Reporter on Aug. 7, 2007,
Standard & Poor's Ratings Services lowered its corporate credit
rating on Cincinnati, Ohio-based Chiquita Brands International
Inc., to 'B-' from 'B', and removed the rating from CreditWatch
with negative implications where it was placed on May 2, 2007,
following weak first-quarter operating results due to high
purchased fruit and other industry costs and lower local banana
prices in Europe.


=============
E S T O N I A
=============


ARROW ELECTRONICS: Partners w/ IBM Global Engineering Solutions
---------------------------------------------------------------
Arrow Electronics Inc.'s North American Components business
entered into a new relationship with IBM Global Engineering
Solutions to broaden Arrow's silicon portfolio by coupling
Arrow's custom chip design and logistics capabilities with IBM's
foundry products and services.

"Arrow is pleased to expand its long-standing relationship with
IBM," said Michael J. Long, president, Arrow Global Components.
"In addition to expanding Arrow's portfolio of IBM products and
services, this foundry relationship completes our custom silicon
offering.  Our customers now can benefit from a complete
portfolio of solutions, ranging from field programmable gate
arrays (FPGA) to foundry designs."

Arrow has more than 20 years of custom logic design expertise.
Custom Logic Solutions, a division of Arrow NAC, offers a
comprehensive portfolio of design engineering, technical sales
and fulfillment logistics for FPGA, structured and standard cell
Application-Specific Integrated Circuits, and foundry
engagements.  Through Arrow's relationship with IBM and other
industry-leading electronic components manufacturers, customers
gain access to the right combination of semiconductor
technology, design services and intellectual property to meet
their custom logic needs for a variety of end-market segments,
including communications, consumer electronics and industrial
equipment.

"With this relationship, we can bring IBM's industry-leading
semiconductor manufacturing, IP library, and extensive foundry
related services to an even broader client base," said Adalio
Sanchez, general manager, IBM Global Engineering Solutions.
"IBM's collaboration with Arrow will also enable our clients to
leverage Arrow's custom logic design experience to fulfill their
needs for advanced component solutions."

             About Arrow North American Components

The North American Components business of Arrow Electronics,
Inc. is a leading provider of semiconductors and passive,
electromechanical and connector products, computing solutions,
services and supply chain solutions tailored to serve distinct
customer segments with dedicated sales teams.  Two primary,
customer-focused NAC groups serve these market segments: The
Arrow Electronics Components Group serves North American-based
OEM and contract manufacturing customers and the Arrow/Zeus
Electronics Group targets the aerospace and military markets.

                   About Arrow Electronics

Headquartered in Melville, New York, Arrow Electronics Inc.
-- http://www.arrow.com/-- provides products, services and
solutions to industrial and commercial users of electronic
components and computer products.   Arrow serves as a supply
channel partner for nearly 600 suppliers and more than 130,000
original equipment manufacturers, contract manufacturers and
commercial customers through a global network of over 270
locations in 53 countries and territories.

The company operates in France, Spain, Portugal, Denmark,
Estonia, Finland, Ireland, Latvia, Lithuania, Norway, Sweden,
Italy, Germany, Austria, Switzerland, Belgium, the Netherlands,
United Kingdom, Argentina, Brazil, Mexico, Australia, China,
Hong Kong, Korea, Philippines and Singapore.

                            *   *   *

Arrow Electronics senior subordinated stock continues to carry
Moody's Investors Service's Ba1 rating.  The company's senior
preferred stock is rated at Ba2.


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


BOSTON SCIENTIFIC: Says FDA Warning May Not Be Lifted This Year
---------------------------------------------------------------
Boston Scientific Corp. expects a warning letter from the Food
and Drug Administration to stay until next year despite its
advancing efforts to resolve the issues at hand, The Wall
Street Journal reports, citing a company official.

The FDA's warning letter, WSJ relates, stated that Boston
Scientific committed "serious violations" of federal regulations
by failing to report two deaths in a clinical trial.

The agency gave Boston Scientific three weeks to submit its
response, the report said.

Boston Scientific's chief operating officer, Paul LaViolette,
speaking during a Bear Stearns health-care conference, was cited
by WSJ as saying that the company expects to deliver results to
the FDA in the fourth quarter from a third-party audit of the
company's improved quality systems.

According to the source, the warning letter, sent Aug. 30, relates to a
small study of a stent to repair bulges in one of the body's large
arteries, the abdominal aorta.  Trivascular Inc., which Boston Scientific
bought in 2005 for about US$110 million, started the study in 2003 with 43
patients.

Headquartered in Natick, Massachusetts, Boston Scientific
Corporation (NYSE: BSX) -- http://www.bostonscientific.com/--
develops, manufactures and markets medical devices used in a
broad range of interventional medical specialties.  The company
has offices in Argentina, Chile, France, Germany, and Japan,
among others.

                            *   *   *

As reported in the Troubled Company Reporter on Aug. 28, 2007,
Standard & Poor's Ratings Services said that its ratings on Boston
Scientific Corp., including the 'BB+' corporate credit rating, remain on
CreditWatch with negative implications, where they were placed Aug. 3,
2007.


EUTELSAT COMMS: Extends Distribution Agreement with Viasat
----------------------------------------------------------
Eutelsat Communications and ViaSat Inc. will expand the distribution
network for the Tooway(TM) satellite broadband service that was first
presented in Germany at the recent International Consumer Electronics show
in Berlin.

Distribution agreements have been signed which mark the extension of the
service beyond Germany into France, Spain and Bulgaria.

Tooway(TM) is a new-generation high-quality broadband service
designed for residential users, with equipment a fraction the
cost of existing enterprise-focused satellite services.  As a
new broadband alternative for homes with low-speed dial-up,
Tooway(TM) can at last change the price/performance paradigm for
consumer satellite Internet access in rural areas across Europe.

The three new distribution partners for Tooway(TM) all possess
solid knowledge of satellite technology and service delivery.  In France,
Sat2Way, which specializes in fully satellite-based
broadband products fo rprofessional markets, will market the
service to consumers in regions beyond range of high-speed
Internet via ADSL and cable networks.

In Spain, Overon, which is the market-leading company for satellite
transmission and contribution services, will host the Spanish Tooway(TM)
hub and distribute the service to ISPs in the region.  The new distributor
for Bulgaria is Bulsatcom, which already provides digital pay-TV services
in Bulgaria and has a strong market position in the region in
satellite-based video, and Internet services.  Tooway(TM) is expected to
be provided by each company by the end of 2007.

Sat2Way, Overon and Bulsatcom join Internetagentur Schott and
Teles who are the first distribution partners and service
providers in Germany, and who are preparing to launch Tooway(TM)
by the end of this month.

Commenting on the new distribution partners, Arduino Patacchini,
Multimedia Director at Eutelsat and Chairman of Skylogic said:
"Following on from our first announcement of service providers
for Germany, we are delighted that Tooway(TM) will also soon be
available in France, Spain and Bulgaria.  As a ground-breaking
and affordable solution for broadband access for the many homes
beyond range of terrestrial broadband networks, we believe
Tooway(TM) can make a powerful contribution to resolving
Europe's digital divide".

Tooway(TM) will be offered via Ka-band capacity on Eutelsat's
HOT BIRD(TM) 6 satellite at 13 degrees East and will also be
available via Ku-band capacity on the EUROBIRD(TM) 3 satellite.
Three different service grades will be provided in Ka-band and
Ku-band, with the initial offer delivering maximum downlink
speeds of up to 2048 kbps and maximum uplink speeds of up to 384
kbps.  Consumer tariffs and hardware prices will be defined by
each service provider partnering in the distribution of the
service.

Tooway(TM) will be initiated for Internet access, with broadcast
TV reception also possible from Eutelsat's HOT BIRD(TM)
neighbourhood with additional equipment.  An extension to a real
satellite triple play service with IPTV and VoIP will be able to
be proposed by distributors.  In 2010, Eutelsat expects to
extend its Tooway(TM) service offering in partnership with
ViaSat by deploying a new, high-capacity dedicated Ka-band
satellite to 13 degrees East with multiple spotbeams across
Europe.  It is anticipated that the new satellite will enable
much higher speed services.  Its location at Eutelsat's prime
video neighbourhood also means that consumers will be able to
receive triple play services and digital TV reception with a
single dish, consolidating the HOT BIRD(TM) position as one of
the most important and powerful neighbourhoods in the global
satellite sector.

                         About Skylogic

Based in Turin, northwest Italy, Skylogic --
http://www.skylogic.com/-- operates one of the world's leading
satellite broadband IP platforms.

                          About ViaSat

ViaSat -- http://www.viasat.com/-- produces innovative satellite and
other digital communication products that enable fast, secure, and
efficient communications to any location.

                          About Eutelsat

Headquartered in Paris, France, Eutelsat Communications --
http://www.eutelsat.com/-- is the holding company of Eutelsat
S.A.  The Group is a leading satellite operator with capacity
commercialized on 23 satellites providing coverage over the
entire European continent, as well as the Middle East, Africa,
India and significant parts of Asia and the Americas.  One of
its worldwide operations is located in Brazil.  The Group is one
of the world's three leading satellite operators in terms of
revenues.  Its satellites are used for broadcasting nearly 1,800
TV and 900 radio stations to more than 120 million cable and
satellite homes.  The Group also provides TV contribution
services, corporate networks, mobile positioning and
communications, Internet backbone connectivity and broadband
access for terrestrial, maritime and inflight applications.

                            *   *   *

In April 2007, in connection with the implementation of its new
Probability-of-Default and Loss-Given-Default rating methodology
for the corporate families in the Telecommunications, Media and
Technology sectors, Moody's Investors Service confirmed its Ba2
Corporate Family Rating for Eutelsat Communications S.A.

Moody's also assigned a Ba3 probability of default rating to the
company.

Debt ratings remain unchanged in conjunction with the
implementation of Moody's Loss Given Default and Probability of
Default rating methodology for existing non-financial
speculative-grade corporate issuers in Europe, Middle East and
Africa.

                                               Projected
                           Debt       LGD      Loss-Given
  Debt Issue               Rating     Rating   Default
  ----------               -------    ------  ----------
  Senior Unsecured
  Bank Credit Facility      Ba3        LGD4       55%


RHODIA SA: To Delist Shares in New York Stock Exchange
------------------------------------------------------
Rhodia S.A. provided a written notice to the New York Stock Exchange of
its intent to delist and intends to file a Form 25 with the Securities and
Exchange Commission and the NYSE by Sept. 18, 2007, to effect the
delisting.

Delisting is expected to be effective 10 days after the filing.

The company also intends to file a Form 15F with the SEC to deregister and
terminate its reporting obligations under the Exchange Act around Sept.
28, 2007.  The deregistration will be effective 90 days after the filing,
unless the Form 15F is denied by the SEC.

Rhodia intends to maintain its existing American Depositary Receipt
facility as a Level I program.  As such, Rhodia ADSs will be traded on the
U.S. over-the-counter market tier known as International OTCQX.  With
regard to the conversion to a Level I program, the depositary of Rhodia's
ADR facility is being changed to The Bank of New York.

Rhodia's shares will continue to trade on Euronext Paris.

Rhodia intends to continue publishing on its website (www.rhodia.com)
English versions of all public disclosures in accordance with Exchange Act
Rule 12g3-2 (b).

Rhodia remains committed to developing its communication with North
American investors who represent a significant part of its shareholder
structure.  Rhodia will continue to apply high standards of financial
reporting and will maintain strict levels of internal control throughout
the Group.

                           About Rhodia

Headquartered in Paris, France, Rhodia S.A. (NYSE: RHA) --
http://www.rhodia.com/-- is a global specialty chemicals company
partnering with major players in the automotive, electronics,
pharmaceuticals, agrochemicals, consumer care, tires, and paints and
coatings markets.  Rhodia offers tailor- made solutions combining original
molecules and technologies to respond to customers' needs.  The group
generated sales of EUR4.8 billion in 2006 and employs around 16,000 people
worldwide.

Rhodia is listed on Euronext Paris and the New York Stock Exchange.  The
company has operations in Brazil.

                            *   *   *

As reported in the TCR-Europe on April 26, 2007, Fitch Ratings affirmed
Rhodia S.A.'s Issuer Default Rating at BB- and revised the Outlook to
Positive from Stable.  Fitch has assigned Rhodia SA's proposed issue of up
to EUR595.125 million bonds convertible and/or exchangeable for new and/or
existing shares an expected 'BB-' rating.

As reported in the TCR-Europe on April 23, 2007, Moody's Investors Service
upgraded Rhodia S.A. corporate family rating to Ba3 and assigned
Probability-of-Default rating for the group at Ba3; Moody's also upgraded
senior secured notes at Rhodia S.A. to B1 and assigned LGD assessment at
LGD4 (69%).  The proposed convertible notes are rated (P)B1, LGD4 (69%).

These ratings are affected:

   -- Corporate Family Ratings upgraded to Ba3;

   -- Probability-of-Default assigned at Ba3;

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

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

At the same time, Standard & Poor's Ratings Services raised its long-term
corporate credit rating on Rhodia to BB- from B+, and its long- term debt
rating on the group to B from B-.  Standard & Poor's also assigned its B
senior unsecured debt rating to Rhodia's proposed new bond, which will be
used for refinancing purposes.


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


AZA ABWICKLUNGSZENTRALE: Claims Registration Ends October 12
------------------------------------------------------------
Creditors of AZA Abwicklungszentrale GmbH have until Oct. 12 to register
their claims with court-appointed insolvency manager Ulrike Hoge - Peters.

Creditors and other interested parties are encouraged to attend the
meeting at 9:20 a.m. on Oct. 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 Bad Homburg v.d. Hoehe
         Room 302
         Third Floor
         Auf der Steinkaut 10-12
         61352 Bad Homburg v.d. Hoehe
         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:

         Ulrike Hoge - Peters
         Cronstettenstrasse 30
         60322 Frankfurt am Main
         Germany
         Tel: 069-9591100
         Fax: 069-95911012

The District Court of Bad Homburg opened bankruptcy proceedings against
AZA Abwicklungszentrale GmbH on Aug. 31.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         AZA Abwicklungszentrale GmbH
         Oranienstrasse 3
         61273 Wehrheim/Ts
         Germany

         Attn: Michael Heyer, Manager
         Langstrasse 11
         61276 Weilrod
         Germany


CONCEPTHAUS BAUSYSTEME: Claims Registration Period Ends Oct. 20
---------------------------------------------------------------
Creditors of ConceptHaus Bausysteme GmbH & Co. KG have until Oct. 20 to
register their claims with court-appointed insolvency manager Siegfried
Mueller.

Creditors and other interested parties are encouraged to attend the
meeting at 9:15 a.m. on Oct. 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 Bonn
         Hall W 1.25
         First Floor
         William-Strasse 23
         53111 Bonn
         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:

         Siegfried Mueller
         Zum Markt 10
         53894 Mechernich
         Germany
         Tel: 02443/98120
         Fax: 02443/981219

The District Court of Bonn opened bankruptcy proceedings against
ConceptHaus Bausysteme GmbH & Co. KG on Sept. 1.  Consequently, all
pending proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         ConceptHaus Bausysteme GmbH & Co. KG
         Barentstr. 15
         53881 Euskirchen
         Germany

         Attn: Carmen Schinke, Manager
         Peter-Hett-Str. 34
         53909 Zuelpich
         Germany


COOK & CONCEPT: Creditors' Meeting Slated for Oct. 8
----------------------------------------------------
The court-appointed insolvency manager for Cook & Concept GmbH & Co. KG,
Christian Willmer will present his first report on the Company's
insolvency proceedings at a creditors' meeting at
9:15 a.m. on Oct. 8.

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

         The District Court of Verden (Aller)
         Hall 212
         Main Building
         Johanniswall 8
         27283 Verden (Aller)
         Germany

The Court will also verify the claims set out in the insolvency manager's
report at 9:10 a.m. on Nov. 16 at the same venue.

Creditors have until Oct. 17 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Dr. Christian Willmer
         Georgstr. 5
         27283 Verden (Aller)
         Germany
         Tel: 04231/884-45
         Fax: 04231/884-55

The District Court of Verden (Aller) opened bankruptcy proceedings against
Cook & Concept GmbH & Co. KG on Sept. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Cook & Concept GmbH & Co. KG
         Attn: Udo Adamy, Manager
         Dauelsener Dorfatrasse 19
         27283 Verden
         Germany


DEMIREL GUSSPUTZ: Claims Registration Period Ends Oct. 22
---------------------------------------------------------
Creditors of Demirel Gussputz GmbH have until Oct. 22 to register their
claims with court-appointed insolvency manager Henning Necker.

Creditors and other interested parties are encouraged to attend the
meeting at 10:00 a.m. on Nov. 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 Goeppingen
         Hall 0.24
         Ground Floor
         Pfarrstrasse 25
         73033 Goeppingen
         Germany

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

The insolvency manager can be reached at:

         Henning Necker
         Schubartstr. 13
         73430 Aalen
         Germany
         Tel: 07361/9251-0
         Fax: 07361/9251-99

The District Court of Goeppingen opened bankruptcy proceedings against
Demirel Gussputz GmbH on Sept. 3.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         Demirel Gussputz GmbH
         Attn: Arif Demirel, Manager
         Bahnhofstr. 31
         73312 Geislingen
         Germany


DENTALLABOR HATTINGEN: Creditors Must File Claims by October 16
---------------------------------------------------------------
Creditors of Dentallabor Hattingen Guenther Wirth GmbH have until Oct. 16
to register their claims with court-appointed insolvency manager Rolf Otto
Neukirchen.

Creditors and other interested parties are encouraged to attend the
meeting at 9:00 a.m. on Oct. 31, 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 Essen
         Meeting Hall 293
         Second Floor
         Zweigertstr. 52
         45130 Essen
         Germany

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

The insolvency manager can be reached at:

         Rolf Otto Neukirchen
         Zweigertstr. 28-30
         45130 Essen
         Germany

The District Court of Essen opened bankruptcy proceedings against
Dentallabor Hattingen Guenther Wirth GmbH on Sept. 1.  Consequently, all
pending proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Dentallabor Hattingen Guenther Wirth GmbH
         Bahnhofstr. 40
         45520 Hattingen
         Germany


DIETER KRETZBERG: Claims Registration Ends October 25
-----------------------------------------------------
Creditors of Dieter Kretzberg Kamin-Studio GmbH have until
Oct. 25 to register their claims with court-appointed insolvency manager
Oliver Liersch.

Creditors and other interested parties are encouraged to attend the
meeting at 10:15 a.m. on Nov. 8, 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 Hameln
         Hall 106
         Zehnthof 1
         31785 Hameln
         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. Oliver Liersch
         Karl-Wiechert-Allee 1c
         30625 Hannover
         Germany
         Tel: 0511-554706-0
         Fax: 0511-554706-99

The District Court of Hameln opened bankruptcy proceedings against Dieter
Kretzberg Kamin-Studio GmbH on Aug. 29.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Dieter Kretzberg Kamin-Studio GmbH
         Goettinger Str. 40
         30982 Pattensen
         Germany

         Attn: Kai Kretzberg, Manager
         Calle Tesejeragne 14 Buzon 57
         35627 Tesejcragne/Tuineje
         Germany


EUROFORM SCHALUNGSSERVICE: Creditors' Meeting Set for Sept. 19
--------------------------------------------------------------
The court-appointed insolvency manager for EUROFORM Schalungsservice GmbH,
Jens Fahnster, will present his first report on the Company's insolvency
proceedings at a creditors' meeting at 10:15 a.m. on Sept. 19.

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

         The District Court of Neuwied
         Hall 126
         Ground Floor
         Hermannstr. 39
         56564 Neuwied
         Germany

The Court will also verify the claims set out in the insolvency manager's
report at 9:30 a.m. on Nov. 15 at the same venue.

Creditors have until Oct. 15 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Jens Fahnster
         Koelnstr. 135
         53757 St. Augustin-Hangelar
         Germany
         Tel: 02241-90600
         Fax: 02241-906062

The District Court of Neuwied opened bankruptcy proceedings against
EUROFORM Schalungsservice GmbH on Sept. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         EUROFORM Schalungsservice GmbH
         Im alten Hohn 3
         53560 Vettelschoss
         Germany

         Attn: Anton Karl Rainer Schmitz, Manager
         Gut Fruehscheid 1
         53545 Linz
         Germany


FAIM TRANSPORT: Claims Registration Ends October 25
---------------------------------------------------
Creditors of FAIM Transport & Logistik GmbH have until
Oct. 25 to register their claims with court-appointed insolvency manager
Ulrich Hauter.

Creditors and other interested parties are encouraged to attend the
meeting at 3:00 p.m. on Nov. 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 Muehlhausen
         Hall 35
         Untermarkt 17
         Muehlhausen
         Germany

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

The insolvency manager can be reached at:

         Ulrich Hauter
         Untermarkt 12
         99974 Muehlhausen
         Germany

The District Court of Muehlhausen opened bankruptcy proceedings against
FAIM Transport & Logistik GmbH on Aug. 28.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         FAIM Transport & Logistik GmbH
         Attn: Melanie Ascher, Manager
         Homburger Weg 15
         99947 Bad Langensalza
         Germany


FERBER + HANUSA: Creditors' Meeting Slated for Sept. 27
-------------------------------------------------------
The court-appointed insolvency manager for Ferber + Hanusa Service GmbH,
Joerg Lehr will present his first report on the Company's insolvency
proceedings at a creditors' meeting at 10:30 a.m. on Sept. 27.

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

         The District Court of Mainz
         Hall 174
         Building B
         Ernst-Ludwig Strasse 7
         55116 Mainz
         Germany

The Court will also verify the claims set out in the insolvency manager's
report at 10:15 a.m. on Nov. 15 at the same venue.

Creditors have until Oct. 15 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Dr. Joerg Lehr
         Jean-Pierre-Jungels-Strasse 6
         D 55126 Mainz
         Germany
         Tel: 06131/948000
         Fax: 06131/9480050

The District Court of Mainz opened bankruptcy proceedings against Ferber +
Hanusa Service GmbH on Sept. 1.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         Ferber + Hanusa Service GmbH
         Rheinstr. 67
         55276 Oppenheim
         Germany


GEBR. GUTMANN GMBH: Creditors' Meeting Slated for October 16
------------------------------------------------------------
The court-appointed insolvency manager for Gebr. Gutmann GmbH Maler- und
Stukkateurbetrieb, Peter Haas, will present his first report on the
Company's insolvency proceedings at a creditors' meeting at 8:45 a.m. on
Oct. 16.

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

         The District Court of Sulzbach
         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 8:45 a.m. on Nov. 6 at the same venue.

Creditors have until Oct. 12 to register their claims with the
court-appointed insolvency manager.

The insolvency manager can be reached at:

         Peter Haas
         Kaiserstrasse 77
         66386 St. Ingbert
         Germany
         Tel: (06894) 3876-311
         Fax: (06894) 382185

The District Court of Sulzbach opened bankruptcy proceedings against Gebr.
Gutmann GmbH Maler- und Stukkateurbetrieb on
Sept. 1.  Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Gebr. Gutmann GmbH Maler- und Stukkateurbetrieb
         Attn: Hans-Guenther Gutmann, Manager
         Gewerbegebiet Klinkenthal
         66578 Schiffweiler
         Germany


GERHARD BAU: Creditors Must File Claims by October 16
-----------------------------------------------------
Creditors of Gerhard Bau GmbH have until Oct. 16 to register their claims
with court-appointed insolvency manager Martin Wiedemann.

Creditors and other interested parties are encouraged to attend the
meeting at 10:00 a.m. on Nov. 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 Landau in der Pfalz
         Hall 223
         Marienring 13
         76829 Landau in der Pfalz
         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:

         Martin Wiedemann
         Kanzlei feb Rechtsanwalte, O 3, 11 + 12
         68161 Mannheim
         Germany

The District Court of Landau in der Pfalz opened bankruptcy proceedings
against Gerhard Bau GmbH on Sept. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Gerhard Bau GmbH
         Marktstr. 49
         67487 Maikammer
         Germany


HOVA FRACHT: Creditors Must Register Claims by October 25
---------------------------------------------------------
Creditors of HOVA Fracht- und Logistik GmbH have until
Oct. 25 to register their claims with court-appointed insolvency manager
Ulrich Hauter.

Creditors and other interested parties are encouraged to attend the
meeting at 3:10 p.m. on Nov. 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 Muehlhausen
         Hall 35
         Untermarkt 17
         Muehlhausen
         Germany

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

The insolvency manager can be reached at:

         Ulrich Hauter
         Untermarkt 12
         99974 Muehlhasuen
         Germany

The District Court of Muehlhausen opened bankruptcy proceedings against
HOVA Fracht- und Logistik GmbH on Aug. 28.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         HOVA Fracht- und Logistik GmbH
         Birntal
         99998 Grabe
         Germany


MALSKY GMBH: Creditors Must Register Claims by October 11
---------------------------------------------------------
Creditors of Malsky GmbH have until Oct. 11 to register their claims with
court-appointed insolvency manager Norbert Kuepper.

Creditors and other interested parties are encouraged to attend the
meeting at 8:40 a.m. on Oct. 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 Muenster
         Meeting Hall  101 B
         Ground Floor
         Gerichtsstr. 2-6
         48149 Muenster
         Germany

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

The insolvency manager can be reached at:

         Dr. Norbert Kuepper
         Paderborner Str. 11
         33415 Verl
         Germany
         Tel: 05246/9275-0
         Fax: 495246927511

The District Court of Muenster opened bankruptcy proceedings against
Malsky GmbH on Sept. 1.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Malsky GmbH
         Wolbecker Strasse 19
         48155 Muenster
         Germany

         Attn: Brigitte Heyl, Manager
         Heckenweg 24
         48351 Everswinkel
         Germany


MEBITEC INGENIEURGEMEINSCHAFT: Creditors’ Claims Due October 15
---------------------------------------------------------------
Creditors of Mebitec Ingenieurgemeinschaft medizinisch-biologischer
Technik GmbH have until Oct. 15 to register their claims with
court-appointed insolvency manager Ralf Diehl.

Creditors and other interested parties are encouraged to attend the
meeting at 9:00 a.m. on Nov. 15, 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 Giessen
         Hall 408
         Fourth Floor
         Building B
         Gutfleischstrasse 1
         35390 Giessen
         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:

         Ralf Diehl
         Marktlaubenstr. 9
         D 35390 Giessen
         Germany
         Tel: 0641/93243-0
         Fax: 0641/932-4350

The District Court of Giessen opened bankruptcy proceedings against
Mebitec Ingenieurgemeinschaft medizinisch-biologischer Technik GmbH on
Sept. 1.  Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Mebitec Ingenieurgemeinschaft
         medizinisch-biologischer Technik GmbH
         Kiesweg 22
         35396 Giessen
         Germany


MHB MOTORYACHTCHARTER: Creditors Must Register Claims by Oct. 10
----------------------------------------------------------------
Creditors of MHB Motoryachtcharter, Heizungsschornsteine und
Verbrauchserfassungsgerateservice GmbH have until Oct. 10 to register
their claims with court-appointed insolvency manager Justus Schneidewind.

Creditors and other interested parties are encouraged to attend the
meeting at 9:50 a.m. on Nov. 7, at which time the insolvency manager will
present his first report on the insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Justus Schneidewind
         Eisenhartstrasse 1
         14469 Potsdam
         Germany

The District Court of Potsdam opened bankruptcy proceedings against MHB
Motoryachtcharter, Heizungsschornsteine und
Verbrauchserfassungsgerateservice GmbH on Aug. 31.  Consequently, all
pending proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         MHB Motoryachtcharter, Heizungsschornsteine und
         Verbrauchserfassungsgerateservice GmbH
         Attn: Robert Scherer, Manager
         Seegefelder Strasse 97 a
         14612 Falkensee
         Germany


PONTIS MARKETING: Creditors Must Register Claims by October 25
--------------------------------------------------------------
Creditors of PONTIS Marketing und Communication GmbH have until Oct. 25 to
register their claims with court-appointed insolvency manager Fatma Kreft.

Creditors and other interested parties are encouraged to attend the
meeting at 10:05 a.m. on Nov. 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 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 insolvency manager can be reached at:

         Fatma Kreft
         Neue Mainzer Str. 84
         60311 Frankfurt am Main
         Germany
         Tel: 069/677 3677-0
         Fax: 069/677 3677-20

The District Court of Frankfurt/Main opened bankruptcy proceedings against
PONTIS Marketing und Communication GmbH on Aug. 31.  Consequently, all
pending proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         PONTIS Marketing und Communication GmbH
         Vogelsbergstr. 29
         60316 Frankfurt am Main
         Germany


PROPLAN BUERO: Claims Registration Ends October 2
-------------------------------------------------
Creditors of Proplan Buero fuer Planung und Baubetreuung GmbH have until
Oct. 2 to register their claims with court-appointed insolvency manager
Andreas Muehlbauer.

Creditors and other interested parties are encouraged to attend the
meeting at 9:55 a.m. on Nov. 8, at which time the insolvency manager will
present his first report on the insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Andreas Muehlbauer
         Eichelacker 13-15
         93170 Bernhardswald
         Germany
         Tel: 09407/90956
         Fax: 09407/90958

The District Court of Regensburg opened bankruptcy proceedings against
Proplan Buero fuer Planung und Baubetreuung GmbH on Aug. 30.
Consequently, all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Proplan Buero fuer Planung und Baubetreuung GmbH
         Galgenhoehe 26
         93426 Roding
         Germany


SACHSISCHE WASSERBAU: Claims Registration Ends Sept. 28
-------------------------------------------------------
Creditors of Sachsische Wasserbau- und Umwelttechnik GmbH have until Sept.
28 to register their claims with court-appointed insolvency manager Olaf
Seidel.

Creditors and other interested parties are encouraged to attend the
meeting at 9:00 a.m. on Oct. 24, at which time the insolvency manager will
present his first report on the insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Olaf Seidel
         Weisseritzstrasse 3
         01067 Dresden
         Germany
         Web site: http://www.worako.de/

The District Court of Dresden opened bankruptcy proceedings against
Sachsische Wasserbau- und Umwelttechnik GmbH on Sept. 1.  Consequently,
all pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Sachsische Wasserbau- und Umwelttechnik GmbH
         Marie-Wittich-Str. 1
         01237 Dresden
         Germany


SANITATSHAUS KLINGER: Claims Registration Ends Sept. 28
-------------------------------------------------------
Creditors of Sanitatshaus Klinger GmbH have until Sept. 28 to register
their claims with court-appointed insolvency manager Hans-Peter Rechel.

Creditors and other interested parties are encouraged to attend the
meeting at 10:00 a.m. on Oct. 18, at which time the insolvency manager
will present his first report on the insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Stade
         Hall 113
         Main Building
         Wilhadikirchhof 1
         21682 Stade
         Germany

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

The insolvency manager can be reached at:

         Hans-Peter Rechel
         Lehmweg 17
         20251 Hamburg
         Germany
         Tel: 040-480639-33
         Fax: 040-480639-99
         E-mail: hans-peter.rechel@wzr-legal.com

The District Court of Stade opened bankruptcy proceedings against
Sanitatshaus Klinger GmbH on Sept. 3.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Sanitatshaus Klinger GmbH
         Goos 4
         21682 Stade
         Germany


SCHLEUSSIG VERWALTUNGS: Creditors Must File Claims by October 15
----------------------------------------------------------------
Creditors of Schleussig Verwaltungs GmbH have until Oct. 15 to register
their claims with court-appointed insolvency manager Volkhard Frenzel.

Creditors and other interested parties are encouraged to attend the
meeting at 2:00 p.m. on Nov. 13, 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 Leipzig
         Hall 056
         Ground Floor
         Enforcement Court
         Bernhard Goering Strasse 64
         04275 Leipzig
         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:

         Volkhard Frenzel
         Magdeburger Str. 23
         06112 Halle
         Germany
         Tel: 0345/2311111
         Fax: 0345/2311199

The District Court of Leipzig opened bankruptcy proceedings against
Schleussig Verwaltungs GmbH on Sept. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Schleussig Verwaltungs GmbH
         Dieskaustrasse 193
         04249 Leipzig
         Germany


SELF VERTRIEBSGESELLSCHAFT: Claims Registration Ends October 4
--------------------------------------------------------------
Creditors of Self Vertriebsgesellschaft mbH & Co. KG have until Oct. 4 to
register their claims with court-appointed insolvency manager Sylvia
Fiebig.

Creditors and other interested parties are encouraged to attend the
meeting at 10:30 a.m. on Oct. 25, 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 Detmold
         Meeting Hall 7
         Ground Floor
         Gerichtsstr. 6
         32756 Detmold
         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:

         Sylvia Fiebig
         Jungfernstieg 51
         20354 Hamburg
         Germany

The District Court of Detmold opened bankruptcy proceedings against Self
Vertriebsgesellschaft mbH & Co. KG on Sept. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Self Vertriebsgesellschaft mbH & Co. KG
         Hainbergstr. 2
         32816 Schieder-Schwalenberg
         Germany

         Attn: Kai Schafer, Manager
         Treptower Str. 8
         32825 Blomberg
         Germany


TELEFONBAU GMBH: Claims Registration Ends Sept. 28
--------------------------------------------------
Creditors of Telefonbau GmbH Borchert have until Sept. 28 to register
their claims with court-appointed insolvency manager Thilo Braun.

Creditors and other interested parties are encouraged to attend the
meeting at 1:00 p.m. on Oct. 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 Friedburg i. Br.
         Hall VI
         Holzmarkt 2
         79098 Freiburg i.Br
         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:

         Thilo Braun
         Schillerstr 2
         79102 Freiburg i. Br.
         Germany
         Tel: 0761-703900
         Fax: 0761/7039052

The District Court of Freiburg i. Br opened bankruptcy proceedings against
Telefonbau GmbH Borchert on Sept. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Telefonbau GmbH Borchert
         Attn: Guenther Borchert, Manager
         Waidmattenstr. 16
         79183 Waldkirch
         Germany


TIMTEX MASCHINENBAU: Creditors Must File Claims October 15
----------------------------------------------------------
Creditors of TIMTEX Maschinenbau GmbH have until Oct. 15 to register their
claims with court-appointed insolvency manager Bernd Depping.

Creditors and other interested parties are encouraged to attend the
meeting at 9:10 a.m. on Nov. 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 Essen
         Meeting Hall 293
         Second Floor
         Zweigertstr. 52
         45130 Essen
         Germany

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

The insolvency manager can be reached at:

         Bernd Depping
         Alfredstr. 108-112
         45131 Essen
         Germany

The District Court of Essen opened bankruptcy proceedings against TIMTEX
Maschinenbau GmbH on Aug. 26.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         TIMTEX Maschinenbau GmbH
         Wuppertaler Str. 3
         45549 Sprockhoevel
         Germany


TRESSTRONIC GMBH: Claims Registration Ends October 5
----------------------------------------------------
Creditors of Tresstronic GmbH have until Oct. 5 to register their claims
with court-appointed insolvency manager Michael Pluta.

Creditors and other interested parties are encouraged to attend the
meeting at 10:00 a.m. on Oct. 22, at which time the insolvency manager
will present his first report on the insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Ravensburg
         Hall 101
         Ground Floor
         Herrenstr. 42
         88212 Ravensburg
         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. 33
         88073 Ulm
         Germany

The District Court of Ravensburg opened bankruptcy proceedings against
Tresstronic GmbH on Aug. 31.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         Tresstronic GmbH
         Attn: Alexander Tress, Manager
         Niedermuehleweg 11
         88410 Bad Wurzach
         Germany


UMFORMTECHNIK WERKZEUG: Claims Registration Ends Sept. 28
---------------------------------------------------------
Creditors of Umformtechnik, Werkzeug- und Maschinenbau GmbH have until
Sept. 28 to register their claims with court-appointed insolvency manager
Oliver Roesler.

Creditors and other interested parties are encouraged to attend the
meeting at 9:15 a.m. on Oct. 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 Saarbruecken
         Area Hall 13
         First Floor
         Vopeliusstrasse 2
         66280 Sulzbach
         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:

         Oliver Roesler
         Saarbruecker Strasse 87
         66424 Homburg
         Germany
         Tel: (06841) 7777 950
         Fax: (06841) 7777 970

The District Court of Saarbruecken opened bankruptcy proceedings against
Umformtechnik, Werkzeug- und Maschinenbau GmbH on
Sept. 1.  Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Umformtechnik, Werkzeug- und Maschinenbau GmbH
         Saarstr. 1
         66359 Bous
         Germany


ZAP GASTSTATTEN: Claims Registration Ends October 4
---------------------------------------------------
Creditors of ZAP Gaststatten GmbH have until Oct. 4 to register their
claims with court-appointed insolvency manager Dr. Reinhard Th. Schmid.

Creditors and other interested parties are encouraged to attend the
meeting at 9:15 a.m. on Oct. 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 Stuttgart
         Hall 178
         Hauffstr. 5
         70190 Stuttgart
         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. Reinhard Th. Schmid
         Hasenbergsteige 5
         70178 Stuttgart
         Germany
         Tel: 0711/669070
         Fax: 0711/6645068

The District Court of Stuttgart opened bankruptcy proceedings against ZAP
Gaststatten GmbH on Sept. 3.  Consequently, all pending proceedings
against the company have been automatically stayed.

The Debtor can be reached at:

         ZAP Gaststatten GmbH
         Attn: Martin Wagner, Manager
         Brennerstr. 38
         70182 Stuttgart
         Germany


=============
H U N G A R Y
=============


AES CORP: Hiring Independent Auditor for Brasiliana Appraisal
-------------------------------------------------------------
The AES Corp., along with Banco Nacional de Desenvolvimento
Economico e Social SA, will hire an independent auditor to
appraise Brazilian power holding firm Brasiliana's value,
Business News Americas reports.

BNamericas relates that Banco Nacional wants to sell its 49.99%
stake in Brasiliana, where AES holds 50.01%.

AES unit AES Eletropaulo said in a filing with the Sao Paulo
stock exchange Bovespa that Banco Nacional and AES had performed
separate appraisals of Brasiliana and agreed to hire an auditor
to conduct the third appraisal, as results of the first two
differed by over 10%.

According to BNamericas, the minimum price for Brasiliana will
be set by a weighted average of the three appraisals.

Brazilian power firms EDB, Cemig and CPFL Energia are
considering the acquisition of the 49.99% stake.  AES has first
refusal, BNamericas states.

                       About Banco Nacional

Banco Nacional de Desenvolvimento Economico e Social is Brazil's
national development bank.  It provides financing for projects
within Brazil and plays a major role in the privatization
programs undertaken by the federal government.

                           About AES

AES Corp. -- http://www.aes.com/-- is a global power company.
The company operates in South America, Europe, Africa, Asia and
the Caribbean countries.  Specifically, it also has operations
in India.  Generating 44,000 megawatts of electricity through
124 power facilities, the company delivers electricity through
15 distribution companies.  The company's Latin America business
group is comprised of generation plants and electric utilities
in Argentina, Brazil, Chile, Colombia, Dominican Republic, El
Salvador, Panama and Venezuela.

AES has been in Eastern Europe for over ten years, since it
acquired three power plants in Hungary in 1996.  Currently, AES
has two distribution companies in Ukraine, which serve 1.2
million customers and generation plants in the Czech Republic
and Hungary.  AES is also the leading company in biomass
conversion in Hungary, generating 37% of the nation's total
renewable generation in 2004.

                            *   *   *

On Oct. 20, 2006, Moody's Investors Service's downgraded its B1
Corporate Family Rating for AES Corporation in connection with
the implementation of its new Probability-of-Default and Loss-
given-default rating methodology.  Additionally, Moody's revised
its probability-of-default ratings and assigned loss-given-
default ratings on the company's loans and bond debt obligations
including the B1 rating on its senior unsecured notes 7.75% due
2014, which was also given an LGD4 loss-given default rating,
suggesting noteholders will experience a 55% loss in the event
of a default.

                            *   *   *

As reported on Aug. 23, 2007, Fitch Ratings affirmed AES
Corporation's Issuer Default Rating at 'B+', and assigned a
short-term IDR of 'B'.

Fitch also took these rating actions:

* AES
  -- Senior unsecured to 'BB/RR1' from 'BB/RR2'

* AES Trust III
  -- Trust preferred securities to 'B+/RR4' from 'B/RR5'.

* AES Trust VII
  -- Trust preferred securities to 'B+/RR4' from 'B/RR5'.

In addition, Fitch affirmed these ratings:

* AES
  -- Senior secured credit facility at 'BB+/RR1';
  -- Junior secured notes at 'BB+/RR1'.


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


ALITALIA SPA: Chairman Eyes to Close Stake Sale by December 2007
----------------------------------------------------------------
Maurizio Prato, chairman of Alitalia S.p.A., plans to complete the sale of
the Italian government's stake in the troubled carrier by December 2007,
various reports say.

Mr. Prato told Il Sole 24 Ore that advisor Citigroup has initiated
contacts with parties that had participated in the failed auction for
Italy's stake in Alitalia and with Asian firms.

The chairman expects the first rounds of meeting to be complete by end of
September or early October, Il Sole relates.  Mr. Prato said he will
conduct a first selection among potential buyers by the end of October
before starting an evaluation phase.

Jean Cyril Spinetta, Air France-KLM chief executive, has said he would
"listen attentively" if approached by Alitalia, adding the Italian
carrier's new restructuring plan was "suitable," Agence-France Presse
relates.

Alitalia's 2008-2010 business plans includes possible capital increase,
job cuts and downscaling operations Milan's Malpensa airport.

                          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.  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 posted EUR93 million in
net profits in 2002 after a EUR1.4 billion capital injection.
The carrier booked annual net losses of EUR520 million in 2003,
EUR813 million in 2004, and EUR168 million in 2005.


FIAT SPA: Creates Joint Venture with Severstal's Car Division
-------------------------------------------------------------
Fiat Group Automobiles and Severstal Auto, a unit of OAO Severstal, signed
a letter of intent to establish a commercial and industrial venture in
Russia on Sept. 11, 2007.

Fiat and Severstal will have a 50% interest in the joint venture.

The agreement aims the establishment of a business that will include sales
and marketing of all Fiat branded vehicles in the Russian Federation,
together with manufacturing facility, wherein the new Fiat Linea will
begin production in the first quarter of 2008.

All vehicles produced in Russia will conform to Fiat Group quality standards.

Fiat Group Automobiles will also lead the definition of the product range.
The Russian production site will form part of FGA’s global manufacturing
footprint and the joint venture will be a part of Fiat Group Automobiles
marketing and product strategy.

While the details of joint-venture are being finalized, the signing of the
Letter of Intent for Russian operations reflects a growing commitment of
the two organizations to work together and leverage their respective
strengths.

"This agreement gives both Fiat and Severstal Auto the opportunity to
strengthen their presence in the Russian market while allowing the joint
venture to benefit from Fiat's marketing strategies and production
standards.  Severstal Auto's knowledge of the Russian market will
integrate and reinforce Fiat's investment and commitment to this region,"
Sergio Marchionne, Fiat Group's CEO disclosed.

"It's a significant step in strategic cooperation between Fiat and
Severstal Auto, which shows our strong commitment to exploit the potential
of the growing Russian market and to develop both production and
distribution of Fiat vehicles in Russia," Vadim Shvetsov, Severstal Auto's
CEO commented.

                        About Severstal

Headquartered in Cherepovets, Russia, OAO Severstal --
http://www.severstal.com/-- is the country's largest steel producer, with
steel production of 17.1 million tons in 2005. The Company owns Severstal
North America, the fifth largest integrated steel maker in the U.S. with
2005 production of 2.7 million tons, and Lucchini, Italy's second largest
steel group with 2005 production of 3.5 million tons.  Severstal is one of
the world's lowest cost and most profitable steel producers, with 2005
EBITDA per ton of around EUR150 per ton.

                         About Fiat SpA

Headquartered in Turin, Italy, Fiat S.p.A. --
http://www.fiatgroup.com/-- manufactures and sells automobiles,
commercial vehicles, and agricultural and construction equipment.  It also
manufactures, for use by the company's automotive sectors and for sale to
third parties, other automotive-related products and systems, principally
power trains (engines and transmissions), components, metallurgical
products and production systems.  Fiat's creditors include Banca Intesa,
Banca Monte dei Paschi di Siena, Banca Nazionale del Lavoro, Capitalia,
Sanpaolo IMI, and UniCredito Italiano.

Fiat operates in Argentina, Australia, Austria, Belgium, Brazil, Bulgaria,
China, Czech Republic, Denmark, France, Germany, Greece, Hungary, India,
Ireland, Italy, Japan, Lituania, Netherlands, Poland, Portugal, Romania,
Russia, Singapore, Spain, among others.

                            *   *   *

As reported in the TCR-Europe on Aug. 24, 2007, Moody's Investors Service
upgraded to Ba1 from Ba2 Fiat SpA's Corporate Family Rating, and the
group's other long-term senior unsecured ratings.

At the same time, the positive outlook on all long-term ratings was
maintained.  The short term Not Prime rating remains unchanged.

Standard & Poor's give Long-Term Foreign and Local Issuer Credit Ratings
of BB+ for Fiat.  Its Short-term Foreign and Local Issuer Credit Ratings
are at B with Positive Outlook.

Dominion Bond Rating Service gives Fiat a Long-term Issuer Rating of BB
with Positive Outlook.


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

ALEX KIT: Proof of Claim Deadline Slated for Oct. 12
----------------------------------------------------
The Tax Committee of Almaty has ordered the compulsory liquidation of LLP
Alex Kit (RNN 090400018235).

Creditors have until Oct. 12 to submit written proofs of claims to:

         The Tax Committee of Almaty
         Room 208
         Jangusurov Str. 113a
         Taldykorgan
         Almaty
         Kazakhstan
         Tel: 8 (3282) 24-19-77


ALTYN SIYIR: Creditors Must File Claims Oct. 12
-----------------------------------------------
The Tax Committee of Almaty region has ordered to compulsory liquidation
of LLP Altyn Siyir (RNN 090300212994).

Creditors have until Oct. 12 to submit written proofs of claims to:

         The Tax Committee of Almaty
         Room 208
         Jangusurov Str. 113a
         Taldykorgan
         Almaty
         Kazakhstan
         Tel: 8 (3282) 24-19-77


ARDENI COM: Claims Filing Period Ends Oct. 12
---------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has declared LLP
Ardeni Com insolvent.

Creditors have until Oct. 12 to submit written proofs of claims to:

         The Specialized Inter-Regional
         Economic Court of Aktube
         Altynsarin Str. 31
         Aktobe
         Aktube
         Kazakhstan
         Tel: 8 (3132) 21-30-32


COMPLEX NEFTE: Creditors' Claims Due on Oct. 12
-----------------------------------------------
LLP Complex Nefte Service has declared insolvency.  Creditors have until
Oct. 12 to submit written proofs of claims to:

         LLP Complex Nefte Service
         Kereev Str. 2-49
         Aktobe
         Aktube
         Kazakhstan


KAMO LTD: Claims Registration Ends Oct. 12
------------------------------------------
The Specialized Inter-Regional Economic Court of Karaganda has declared
LLP Kamo Ltd (RNN 301700026247) insolvent.

Creditors have until Oct. 12 to submit written proofs of claims to:

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


KARGALINSKAYA SHERST: Creditors Must File Claims Oct. 12
--------------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has declared LLP
Kargalinskaya Sherst insolvent.

Creditors have until Oct. 12 to submit written proofs of claims to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Valihanov Str. 46-38
         Almaty
         Kazakhstan
         Tel: 8 (3272) 73-45-80
              8 (3272) 56-98-06
              8 701 516 69-72


SHILI LLP: Claims Filing Period Ends Oct. 12
--------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has declared LLP
Shili insolvent.

Creditors have until Oct. 12 to submit written proofs of claims to:

         The Specialized Inter-Regional
         Economic Court of Aktube
         Altynsarin Str. 31
         Aktobe
         Aktube
         Kazakhstan
         Tel: 8 (3132) 21-30-32


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


NUR INTER: Proof of Claim Deadline Slated for October 24
--------------------------------------------------------
LLC Nur Inter Invest has declared insolvency.  Creditors have until Oct.
24 to submit written proofs of claim.

Inquiries can be addressed to (0-555) 50-47-05.


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


YUKOS FINANCE: Promneftstroy Completes Payment for Shares
---------------------------------------------------------
OOO Promneftstroy has fully paid for Yukos Finance B.V., the Dutch unit of
bankrupt oil company OAO Yukos Oil Co., Interfax News reports citing
Nikolay Lashkevich, spokesman for Yukos bankruptcy receiver Eduard Rebgun.

As reported in the TCR-Europe on Aug. 15, 2007, Promneftstroy won the
auction to acquire 242,399 shares of Yukos Finance for RUR7.838 billion.

Yukos Finance carried a RUR7,598,361,000 starting price and a RUR40
million bid increment.  The winning bidder must deposit RUR1,519,672,200
as initial payment.

Yukos Finance's main assets include:

  -- a 49% stake in Transpetrol, worth between US$100 million
     and US$200 million; and

  -- proceeds from a 54% stake in Lithuanian refinery Mazeikiu
     Nafta AB, worth almost US$1.5 billion.

                         About Yukos Oil

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

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

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

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

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

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


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


AKBULAK-AGRO-PROM-TRANS: Creditors Must File Claims by Sept. 18
---------------------------------------------------------------
Creditors of OJSC Akbulak-Agro-Prom-Trans have until Sept. 18 to submit
proofs of claim to:

         N. Yaruskina
         Insolvency Manager
         Mekhanizatorov Str. 1
         460027 Orenburg
         Russia

The Arbitration Court of Orenburg commenced bankruptcy proceedings against
the company after finding it insolvent.
The case is docketed under Case No. A47-2003/2007-14GK.

The Court is located at:

         The Arbitration Court of Orenburg
         9th January Str. 64
         460046 Orenburg
         Russia

The Debtor can be reached at:

         OJSC Akbulak-Agro-Prom-Trans
         Akbulak
         Orenburg
         Russia


BASALT PLUS: Creditors Must File Claims by Sept. 18
---------------------------------------------------
Creditors of CJSC Basalt Plus (TIN 7415026680) have until
Sept. 18 to submit proofs of claim to:

         G. Mufazalov
         Insolvency Manager
         Apartment 84
         Shafieva Str. 10
         Ufa
         450083 Bashkortostan
         Russia

The Arbitration Court of Chelyabinsk commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is docketed
under Case No. A76-8013/2007-32-78.

The Court is located at:

         The Arbitration Court of Chelyabinsk
         Vorovskogo Str. 2
         454091 Chelyabinsk
         Russia

The Debtor can be reached at:

         CJSC Basalt Plus
         Privokzalnaya Str. 17
         Miass
         456310 Chelyabinsk
         Russia


BASHKIRSKIE AIRLINES: Creditors Must File Claims by Oct. 18
-----------------------------------------------------------
Creditors of OJSC Air Company Bashkirskie Airlines (TIN 0274108158) have
until Oct. 18 to submit proofs of claim to:

         R. Shuvarov
         Insolvency Manager
         Office 2
         Oktyabrya Pr. 11
         Ufa
         450001 Bashkortostan
         Russia

The 18th Arbitration Court of Appeal commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is docketed
under Case No. A07-15423/2006-G-KhRM.

The Debtor can be reached at:

         OJSC Air Company Bashkirskie Airlines
         Airport
         450056 Bashkortostan
         Russia


DONSKOE LLC: Creditors Must File Claims by Oct. 18
--------------------------------------------------
Creditors of LLC Fishing Combine Donskoe have until Oct. 18 to submit
proofs of claim to:

         G. Leonov
         Insolvency Manager
         Post User Box 3199
         344092 Rostov-na-Donu
         Russia

The Arbitration Court of Rostov commenced bankruptcy proceedings against
the company after finding it insolvent.  The case is docketed under Case
No. A53-3309/07-S1-33.

The Court is located at:

         The Arbitration Court of Rostov
         Stanislavskogo Str. 8a
         344008 Rostov-na-Donu
         Russia

The Debtor can be reached at:

         LLC Fishing Combine Donskoe
         Naberezhnaya Str. 127
         Konstantinovsk
         Rostov
         Russia


EURO-FURNITURE LLC: Creditors Must File Claims by Sept. 18
----------------------------------------------------------
Creditors of LLC Euro-Furniture have until Sept. 18 to submit proofs of
claim to:

         I. Semenov
         Temporary Insolvency Manager
         Room 213
         Prospekt Mira 136
         236000 Kaliningrad
         Russia

The Arbitration Court of Kaliningrad commenced bankruptcy supervision
procedure on the company.  The case is docketed under Case No.
A21-4138/2007.

The Court is located at:

         The Arbitration Court of Kaliningrad
         Rokossovskogo Str. 2
         Kaliningrad
         Russia

The Debtor can be reached at:

         LLC Euro-Furniture
         Stolyarnaya-1
         Pravdinsk
         236400 Kaliningrad
         Russia


FRESH CJSC: Creditors Must File Claims by Oct. 18
-------------------------------------------------
Creditors of CJSC Fresh (TIN 7448010773) have until Oct. 18 to submit
proofs of claim to:

         S. Ivanov
         Insolvency Manager
         Sovetskaya Str. 104-60
         Sterlitamak
         453124 Bashkortostan
         Russia

The Arbitration Court of Chelyabinsk commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is docketed
under Case No. A76-7798/2007-32-74.

The Court is located at:

         The Arbitration Court of Chelyabinsk
         Vorovskogo Str. 2
         454091 Chelyabinsk
         Russia

The Debtor can be reached at:

         CJSC Fresh
         Pushkina Str. 47/1
         350063 Krasnodar
         Russia


KALMANSKIY BUTTER: Creditors Must File Claims by Sept. 18
---------------------------------------------------------
Creditors of LLC Kalmanskiy Butter and Cheese Factory have until Sept. 18
to submit proofs of claim to:

         V. Yakovlev
         Temporary Insolvency Manager
         Post User Box 102
         Barnaul-56
         656056 Altay
         Russia

The Arbitration Court of Altay will convene at 8:00 a.m. on
Dec. 14 to hear the company's bankruptcy supervision procedure.
The case is docketed under Case No. A02-733/2007.

The Debtor can be reached at:

         LLC Kalmanskiy Butter and Cheese Factory
         Choros-Gurkina Str. 35
         Gorno-Altaysk
         Altay
         Russia


KANSKAYA TOBACCO: Krasnoyarsk Court Postpones Hearing to Oct. 4
---------------------------------------------------------------
The Arbitration Court of Krasnoyarsk postponed a bankruptcy hearing for
OJSC Kanskaya Tobacco Factory until Oct. 4, 2007, Interfax News Agency
reports citing The Financial Times as its source.

According to the report, temporary insolvency manager Irina Morlang
requested to delay the hearing on grounds that Federal Tax Service
requirements have not been considered and other creditors had not been
established.

The first creditors' meeting for the company is yet to be held.

As reported in the TCR-Europe, the court commenced bankruptcy supervision
procedure on the company on April 20.  Ms. Morlang was appointed temporary
insolvency manager on May 21.  The case is docketed under Case No.
A33-5638/2007.

Interfax relates that the company has accounts payable of RUR109.2
million, including RUR73.8 million in tax debit and RUR1.4 million in
wages.


LUCH SINTEZ: Creditors Must File Claims by Oct. 18
--------------------------------------------------
Creditors of OJSC Luch Sintez have until Oct. 18 to submit proofs of claim
to:

         A. Sokolova
         Insolvency Manager
         Ulyanovskaya Str. 108-24
         Syzran
         446001 Samara
         Russia

The Arbitration Court of Tatarstan commenced bankruptcy proceedings
against the company after finding it insolvent.
The case is docketed under Case No. A65-2102/06-SG4-21.

The Court is located at:

         The Arbitration Court of Tatarstan
         Room 12
         Floor 2
         Entrance 2
         Building 1
         Kremlin
         Kazan
         Tatarstan
         Russia

The Debtor can be reached at:

         OJSC Luch Sintez
         Verkhneuslonskiy
         Tatarstan
         Russia


MAGNITOGORSK IRON: To Build a RUR3 Billion Stamping Plant
---------------------------------------------------------
OJSC Magnitogorsk Iron and Steel Works' OJKSC MMK intends to build a
stamping plant and a service center worth RUR3 billion in St. Petersburg
by 2010.

MMK managing company president, Victor Rahnikov signed an investment
agreement with St. Petersburg governor Valentina Matvienko on Sept. 6,
2007.

"At the initial stage, up to 2010, it is expected that that the plant will
process a total of 125,000 metric tons of steel per year. Further on the
capacity may be expanded to 300,000 tpy.  This project is in line with the
strategic priorities of our company as it will allow to strengthen our
presence in the North-West Region, add more value to our products and
ensure maximum satisfaction of the customers' needs,: Mr. Rashnikov, who
is also Chairman of the Board of Directors of OJSC MMK, disclosed.

Products of the new plant, which will comprise steel sheet blanks, stamped
panels, and stamped and welded parts, are intended for the manufacturing
of car bodies at the assembly plants of such companies as Ford, Toyota,
General Motors, Nissan, which are already in operation or under
construction in Russia, and also as components for white goods
manufactured in Russia or abroad at the plants of Bosch-Siemens,
Electrolux, and others

Products of the new service center will target the construction sector,
mechanical engineering, ship-building and other industries in Saint
Petersburg and the Leningrad Region.  Direct supplies of high quality
sheet steel from the Magnitogorsk Iron and Steel Works and their
processing at the plant and the service center will provide the synergy
required to meet the requirements of steel consumers.

                     About Magnitogorsk Iron

Headquartered in Magnitogorsk, Russia, OJSC Magnitogorsk Iron and Steel
Works -- http://www.mmk.ru/-- manufactures steel and accounts for about
20% of all steel products sold on the domestic market.  MMK is a major
fully integrated steel making complex encompassing all the required
processes, from preparation of iron ore materials to high added value
processing of steel.  About half of the Company's output is exported
worldwide.

                            *   *   *

In a TCR-Europe report on April 27, 2007, Moody's Investor's
Service upgraded to Ba2 from Ba3 the corporate family rating for
Magnitogorsk Iron and Steel Works as well as the rating on the
company's guaranteed medium term notes issued by MMK Finance
S.A.

Moody's said the outlook for both ratings is stable.  The Moody's Interfax
Rating Agency has upgraded the national scale rating for MMK to Aa2.ru
from Aa3.ru.

Magnitogorsk Iron carries BB Issuer Default and senior unsecured ratings
from Fitch Ratings.  The Outlook on the Issuer Default rating is Stable.

The company also carries a BB Issuer Rating from Standard and Poor's.


PAVLOVSKOE CAR: Voronezh Bankruptcy Hearing Slated for Nov. 15
--------------------------------------------------------------
The Arbitration Court of Voronezh will convene at 10:00 a.m. on Nov. 15 to
hear the bankruptcy supervision procedure on OJSC Pavlovskoe Car
Enterprise (TIN 3620002275).  The case is docketed under Case No.
A14-5223-2007/30/20b.

The Temporary Insolvency Manager is:

         L. Molchalina
         Office 27
         Kirova Str. 9
         394018 Voronezh
         Russia

The Court is located at:

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

The Debtor can be reached at:

         OJSC Pavlovskoe Car Enterprise
         Transportnaya Str. 3
         Pavlovsk
         Voronezh
         Russia


ROSNEFT OIL: Completes Payment for Yukos Oil Receivables
--------------------------------------------------------
OAO Rosneft Oil Co. has completely paid for OAO Yukos Oil Co. receivables
it acquired during an auction Aug. 15, 2007, RIA Novosti reports.

Rosneft won the assets, which carried a RUR11.5 billion initial tag price,
with its RUR11.5 billion bid.

During the auction, Rosneft acquired various receivables owned by Yukos
amounting to a total of RUR13.7 billion.  The major part of the
receivables in the lot comprised receivables of Rosneft itself (RUR1.667
billion), Tomskneft (RUR1.602 billion), Samaraneftegaz (RUR160 million)
and other Rosneft subsidiaries.

                         About Yukos Oil

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

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

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

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

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

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

                          About Rosneft

Headquartered in Moscow, Russia, OAO Rosneft Oil Co. --
http://www.rosneft.com/-- 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.

                            *   *   *

As of July 17, 2007, OAO Rosneft Oil Co. carries a BB+ long-term
corporate credit rating from Standard & Poor's Ratings Services.
S&P said the outlook is positive.


SELITBENSKOE CJSC: Creditors Must File Claims by Oct. 18
--------------------------------------------------------
Creditors of CJSC Selitbenskoe (TIN 6376001052) have until
Oct. 18 to submit proofs of claim to:

         E. Dulnev
         Insolvency Manager
         Office 209
         Demokraticheskaya Str. 8
         443031 Samara
         Russia

The Arbitration Court of Samara commenced bankruptcy proceedings against
the company after finding it insolvent.
The case is docketed under Case No. A55-2664/2007.

The Debtor can be reached at:

         E. Dulnev
         Insolvency Manager
         Office 209
         Demokraticheskaya Str. 8
         443031 Samara
         Russia


SEVERSTAL OAO: Earns US$999 Million for First Half 2007
-------------------------------------------------------
OAO Severstal released its financial results for the six months ended June
30, 2007.

Severstal posted a 134% year-on-year increase in net profit to US$999
million for the first half of 2007.  The company also posted a 31.1%
year-on-year hike in revenues to US$7.71 billion for the first six months
of 2007.

"I am pleased to report a very positive set of half year results for
Severstal, with market conditions improving in all markets apart from
North America," Alexei Mordashov, CEO of OAO Severstal, said.  "We
continue to be well placed to benefit from the growing Russian economy and
stable steel markets in Europe."

Severstal's Board of Directors has recommended an interim dividend of
RUR10 per share and correspondingly per global depositary receipt for
Second Quarter 2007 with the record date of Aug. 20, 2007.  Each GDR
represents one share in the Company.

The Board’s recommendation is based on the company’s strong financial
results in First 2007.  Approval of the dividend payment is expected at
the company’s EGM on Sept. 28, 2007.  Severstal is to maintain its
dividend policy of paying a minimum of 25% of net profits received by the
end of the reporting period.

                            Outlook

Given Severstal’s strong first half performance, and with current market
conditions underpinned by strong Russian economic growth, price stability
in Europe, and planned improvements at SNA, the Board is currently
comfortable with market expectations for the full year.

                         About Severstal

Headquartered in Cherepovets, Russia, OAO Severstal --
http://www.severstal.com/-- is the country's largest steel producer, with
steel production of 17.1 million tons in 2005.  The Company owns Severstal
North America, the fifth largest integrated steel maker in the U.S. with
2005 production of 2.7 million tons, and Lucchini, Italy's second largest
steel group with 2005 production of 3.5 million tons.  Severstal is one of
the world's lowest cost and most profitable steel producers,
with 2005 EBITDA per ton of around EUR150 per ton.

                            *   *   *

As reported in the TCR-Europe on July 10, 2007, Moody's
Investor's Service upgraded the Corporate Family Rating for OAO
Severstal from Ba3 to Ba2.

Moody's also upgraded rating for the Loan Participation Notes
totaling US$700 million from B1 to Ba2.  The outlook on all
ratings is stable.

In a TCR-Europe report on April 24, 2007, Fitch Ratings revised
the Outlooks on OAO Severstal's Issuer Default and National
Long-term ratings to Positive from Stable.  In addition, Fitch
has affirmed Severstal's ratings at Issuer Default 'BB-', senior
unsecured 'BB-', Short-term 'B' and National Long-term 'A+'.

As of Feb. 1, 2007, Severstal carries BB- Long-term Foreign
Issuer Credit and Long-term Local Issuer Credit ratings from
Standard & Poor's with a stable outlook.


SEVERSTAL OAO: Car Division Forms Joint Venture with Fiat SpA
-------------------------------------------------------------
Fiat Group Automobiles and Severstal Auto, a unit of OAO Severstal, signed
a letter of intent to establish a commercial and industrial venture in
Russia on Sept. 11, 2007.

Fiat and Severstal will have a 50% interest in the joint venture.

The agreement aims the establishment of a business that will include sales
and marketing of all Fiat branded vehicles in the Russian Federation,
together with manufacturing facility, wherein the new Fiat Linea will
begin production in the first quarter of 2008.

All vehicles produced in Russia will conform to Fiat Group quality standards.

Fiat Group Automobiles will also lead the definition of the product range.
The Russian production site will form part of FGA’s global manufacturing
footprint and the joint venture will be a part of Fiat Group Automobiles
marketing and product strategy.

While the details of joint-venture are being finalized, the signing of the
Letter of Intent for Russian operations reflects a growing commitment of
the two organizations to work together and leverage their respective
strengths.

"This agreement gives both Fiat and Severstal Auto the opportunity to
strengthen their presence in the Russian market while allowing the joint
venture to benefit from Fiat's marketing strategies and production
standards.  Severstal Auto's knowledge of the Russian market will
integrate and reinforce Fiat's investment and commitment to this region,"
Sergio Marchionne, Fiat Group's CEO disclosed.

"It's a significant step in strategic cooperation between Fiat and
Severstal Auto, which shows our strong commitment to exploit the potential
of the growing Russian market and to develop both production and
distribution of Fiat vehicles in Russia," Vadim Shvetsov, Severstal Auto's
CEO commented.

                         About Fiat SpA

Headquartered in Turin, Italy, Fiat S.p.A. --
http://www.fiatgroup.com/-- manufactures and sells automobiles,
commercial vehicles, and agricultural and construction equipment.  It also
manufactures, for use by the company's automotive sectors and for sale to
third parties, other automotive-related products and systems, principally
power trains (engines and transmissions), components, metallurgical
products and production systems.  Fiat's creditors include Banca Intesa,
Banca Monte dei Paschi di Siena, Banca Nazionale del Lavoro, Capitalia,
Sanpaolo IMI, and UniCredito Italiano.

Fiat operates in Argentina, Australia, Austria, Belgium, Brazil, Bulgaria,
China, Czech Republic, Denmark, France, Germany, Greece, Hungary, India,
Ireland, Italy, Japan, Lituania, Netherlands, Poland, Portugal, Romania,
Russia, Singapore, Spain, among others.

                        About Severstal

Headquartered in Cherepovets, Russia, OAO Severstal --
http://www.severstal.com/-- is the country's largest steel
producer, with steel production of 17.1 million tons in 2005.
The Company owns Severstal North America, the fifth largest
integrated steel maker in the U.S. with 2005 production of 2.7
million tons, and Lucchini, Italy's second largest steel group
with 2005 production of 3.5 million tons.  Severstal is one of
the world's lowest cost and most profitable steel producers,
with 2005 EBITDA per ton of around EUR150 per ton.

                            *   *   *

As reported in the TCR-Europe on July 10, 2007, Moody's
Investor's Service upgraded the Corporate Family Rating for OAO
Severstal from Ba3 to Ba2.

Moody's also upgraded rating for the Loan Participation Notes
totaling US$700 million from B1 to Ba2.  The outlook on all
ratings is stable.

In a TCR-Europe report on April 24, 2007, Fitch Ratings revised
the Outlooks on OAO Severstal's Issuer Default and National
Long-term ratings to Positive from Stable.  In addition, Fitch
has affirmed Severstal's ratings at Issuer Default 'BB-', senior
unsecured 'BB-', Short-term 'B' and National Long-term 'A+'.

As of Feb. 1, 2007, Severstal carries BB- Long-term Foreign
Issuer Credit and Long-term Local Issuer Credit ratings from
Standard & Poor's with a stable outlook.


SIB-GAS-OIL-COM: Creditors Must File Claims by Oct. 18
------------------------------------------------------
Creditors of CJSC Sib-Gas-Oil-Com have until Oct. 18 to submit proofs of
claim to:

         V. Tatarkin
         Insolvency Manager
         Kuznetsova Str. 6-43
         Tyumen
         Russia

The Arbitration Court of Tyumen commenced bankruptcy proceedings against
the company after finding it insolvent.  The case is docketed under Case
No. A-70-1338/3-2007.

The Court is located at:

         The Arbitration Court of Tyumen
         Khokhryakova Str. 77
         627000 Tyumen
         Russia

The Debtor can be reached at:

         CJSC Sib-Gas-Oil-Com
         7th km Starogo Tobolskogo trakta
         Antipino
         Tyumen
         Russia


SODBIZNESBANK: Police Seize Bank Documents Over Bankruptcy Probe
----------------------------------------------------------------
Russian Interior Ministry investigators seized documents at the
headquarters of Alfa Bank in Moscow as part of an ongoing probe into the
bankruptcy of Sodbiznesbank, The Moscow Times reports.

A spokesman for Alfa Bank confirmed that documents connected to the
account of a client were taken.  The bank, however, stressed it was fully
cooperating with the investigation.

The investigators, on the other hand, said they were not targeting Alfa Bank.

The Interior Ministry earlier charged former senior Sodbiznesbank Denis
Davydov with intentionally causing bankruptcy and abuse of power and
co-founder Alexei Frenkel with the murder of senior central banker Andrei
Kozlov, The Moscow Times relates.

In September 2006, Sodbiznesbank, a former client of Alfa Bank, was
formally declared bankrupt.

As previously reported in the TCR-Europe, an arbitration court in Moscow
ordered the liquidation of Sodbiznesbank as demanded by the Central Bank.

On May 13, 2004, the Central Bank revoked the general banking license of
Sodbiznesbank after a determination that the bank had failed to comply
with the federal banking law.  It alleged that Sodbiznesbank had committed
multiple violations of several articles of anti-money laundering.


STEPNOE CJSC: Creditors Must File Claims by Sept. 18
----------------------------------------------------
Creditors of CJSC Stepnoe (TIN 7443003589) have until Sept. 18 to submit
proofs of claim to:

         M. Fazylov
         Insolvency Manager
         Akhunovo
         Uchalinskiy
         453733 Bashkortostan
         Russia

The Arbitration Court of Chelyabinsk commenced bankruptcy proceedings
against the company after finding it insolvent.
The case is docketed under Case No. A76-8260/2007-48-117.

The Court is located at:

         The Arbitration Court of Chelyabinsk
         Vorovskogo Str. 2
         454091 Chelyabinsk
         Russia

The Debtor can be reached at:

         CJSC Stepnoe
         Tsvillinga
         Chesmenskiy
         Chelyabinsk
         Russia


SUMR OJSC: Creditors Must File Claims by Sept. 18
-------------------------------------------------
Creditors of OJSC SUMR have until Sept. 18 to submit proofs of claim to:

         I. Teleshinin
         Temporary Insolvency Manager
         Post User Box 41
         Syzran
         446001 Samara
         Russia

The Arbitration Court of Samara will convene on Nov. 8 to hear the
company's bankruptcy supervision procedure.  The case is docketed under
Case No. A55-8824/2007.

The Debtor can be reached at:

         OJSC SUMR
         Zhukova Str. 1
         Syzran
         Samara
         Russia


TAVDINSKOE GRAIN: Asset Sale Slated for September 21
----------------------------------------------------
The bidding organizer for OJSC Tavdinskoe Grain Receiving Enterprise, will
open a public auction for the company's properties at 2:00 p.m. on Sept.
21 at:

         Bidding Organizer
         1st floor
         Tsilkovskogo Str. 86
         620142 Ekaterinburg
         Russia

Interested participants have until Sept. 18 to deposit an amount
equivalent to 10% of the starting price to:

         OJSC Tavdinskoe Grain Receiving Enterprise
         Settlement Account 40702810016280100038
         Correspondent Account 30101810500000000674
         BIK 046577674
         Uralskiy bank
         Sberbank RF
         Russia

Bidding documents must be submitted to:

         Bidding Organizer
         1st floor
         Tsilkovskogo Str. 86
         620142 Ekaterinburg
         Russia

The Debtor can be reached at:

         OJSC Tavdinskoe Grain Receiving Enterprise
         M. Gorkogo Str. 63
         Tavda
         Sverdlovsk
         Russia


VOLZHSKAYA LADA: Bankruptcy Hearing Slated for Nov. 21
------------------------------------------------------
The Arbitration Court of Saratov will convene on Nov. 21 to hear the
bankruptcy supervision procedure on CJSC Volzhskaya Lada (TIN 6450000570).
The case is docketed under Case No.
A-57-7203/07-40.

The Temporary Insolvency Manager is:

         R. Perepletov
         Post User Box 1591
         410028 Saratov
         Russia

The Court is located at:

         The Arbitration Court of Saratov
         Babushkin Vvoz 1
         Saratov
         Russia

The Debtor can be reached at:

         CJSC Volzhskaya Lada
         Makhanov ovrag
         Zaton
         Saratov
         Russia


YUKOS OIL: Ex-CEO's Lawyers Gains Access to Chevron Data
--------------------------------------------------------
A U.S. district court judge in northern California has allowed the legal
defense team of jailed former OAO Yukos Oil Co. chief executive Mikhail
Khodorkovsky access to documents held by Chevron.

The judge ruled that Chevron may have "valuable evidence" that could help
Mr. Khodorkovsky refute charges of embezzlement and money laundering,
Bloomberg News reports citing lawyers for the former Yukos CEO.

"This is just the beginning of a global evidence-gathering process that is
necessary because the procuracy of the Russian Federation is not a
fact-gatherer but rather an enforcement arm of a Kremlin bent on
consolidating the state theft of Yukos," Robert Amsterdam, a lawyer for
Mr. Khodorkovsky said.

Mr. Amsterdam, however, did not reveal what kind of information Chevron
had that may be useful, Bloomberg News relates.

                         About Yukos Oil

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

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

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

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

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

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


YUKOS OIL: Promneftstroy Completes Payment for Yukos Finance
------------------------------------------------------------
OOO Promneftstroy has fully paid for Yukos Finance B.V., the Dutch unit of
bankrupt oil company OAO Yukos Oil Co., Interfax News reports citing
Nikolay Lashkevich, spokesman for Yukos bankruptcy receiver Eduard Rebgun.

As reported in the TCR-Europe on Aug. 15, 2007, Promneftstroy won the
auction to acquire 242,399 shares of Yukos Finance for RUR7.838 billion.

Yukos Finance carried a RUR7,598,361,000 starting price and a RUR40
million bid increment.  The winning bidder must deposit RUR1,519,672,200
as initial payment.

Yukos Finance's main assets include:

  -- a 49% stake in Transpetrol, worth between US$100 million
     and US$200 million; and

  -- proceeds from a 54% stake in Lithuanian refinery Mazeikiu
     Nafta AB, worth almost US$1.5 billion.

                         About Yukos Oil

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

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

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

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

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

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


YUKOS OIL: Rosneft Oil Fully Pays for Receivables
-------------------------------------------------
OAO Rosneft Oil Co. has completely paid for OAO Yukos Oil Co. receivables
it acquired during an auction Aug. 15, 2007, RIA Novosti reports.

Rosneft won the assets, which carried a RUR11.5 billion initial tag price,
with its RUR11.5 billion bid.

During the auction, Rosneft acquired various receivables owned by Yukos
amounting to a total of RUR13.7 billion.  The major part of the
receivables in the lot comprised receivables of Rosneft itself (RUR1.667
billion), Tomskneft (RUR1.602 billion), Samaraneftegaz (RUR160 million)
and other Rosneft subsidiaries.

                          About Rosneft

Headquartered in Moscow, Russia, OAO Rosneft Oil Co. --
http://www.rosneft.com/-- 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.

                         About Yukos Oil

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

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

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

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

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

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


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


FTA SANTANDER: Moodys Junks EUR20 Million Series E Notes
--------------------------------------------------------
Moody's Investors Service assigned these provisional ratings to the debt
to be issued by FTA Santander Consumer Spain 07-2:

   -- (P)Aaa to the EUR929 million Series A notes;
   -- (P)Aa3 to the EUR27 million Series B notes;
   -- (P)A1 to the EUR17.5 million Series C notes;
   -- (P)Baa3 to the EUR26.5 million Series D notes; and
   -- (P)Caa2 to the EUR20 million Series E notes.

FTA Santander Consumer Spain 07-2 is the fourth consumer loan-backed
securitisation transaction carried out by Santander Consumer EFC, S.A
(Santander Consumer) to date, and the first such deal including consumer
loans different from auto loans.

In Moody's view, the strengths of this deal include, among others:

   (1) a swap agreement guaranteeing an excess spread of 275
       bppa and covering the servicing fee should Santander
       Consumer be substituted as servicer of the pool;

   (2) a 12-month artificial write-off mechanism;

   (3) a granular securitized pool; and

   (4) sequential amortization of the notes.

The weaknesses of the deal include:

   (1) a revolving period of up to two years;

   (2) the relatively low seasoning;

   (3) the negative impact of the interest deferral trigger on
       the subordinated series;

   (4) the non-standard cash reserve amortisation pattern; and

   (5) the sensitivity of junior series (Series C and D) to back
       loaded timing of default scenarios.  These increased
       risks were reflected in the credit enhancement
       calculation.

The provisional pool of underlying assets comprised, as of August 2007, a
portfolio of 120,096 loans granted to 117,858 borrowers resident in Spain.
The pool is composed of a mixture of auto loans (71%) and other type of
consumer loans (29%).  Most of the debtors (96%) are individuals, out of
which 13% are self-employed.  The loans have been originated between 2001
and 2007, with a weighted average seasoning of 9.4 months and a weighted
average remaining life of 5.3 years.  The weighted average interest rate
is 7.98%, with all the loans having a fixed interest rate.  All of the
loans hold a personal guarantee. Geographically, the pool is concentrated
in Andalusia (24%), Canary Islands (18%) and Catalonia (12%).  At closing,
there will be no loans that are more than 30 days in arrears.

Moody's bases the provisional ratings primarily on these factors:

   (i) an evaluation of the underlying portfolio of loans;

  (ii) the strict eligibility criteria with which any receivable
       must comply in order to be included in the securitized
       pool;

(iii) the early amortization triggers put in place to stop the
       purchase of additional loans;

  (iv) historical performance information;

   (v) the swap agreement;

  (vi) the credit enhancement provided through the GIC accounts,
       the excess spread, the reserve fund and the subordination
       of the notes; and

(vii) the legal and structural integrity of the transaction.

Moody's issues provisional ratings in advance of the final sale of
securities, and these ratings only reflect Moody's preliminary credit
opinions regarding the transaction.  Upon a conclusive review of the final
pool of assets and the final documentation, Moody's will endeavor to
assign a definitive rating to the notes.  A definitive rating, if any, may
differ from a provisional rating.

The provisional ratings address the expected loss posed to investors by
the legal final maturity (Aug. 20, 2022).  In Moody's opinion, the
structure allows for timely payment of interest and ultimate payment of
principal at par with respect to the Series A, B, C and D notes, and for
ultimate payment of interest and principal at par with respect to the
Series E notes, on or before the final legal maturity date.  Moody's
ratings address only the credit risks associated with the transaction.
Other non-credit risks have not been addressed, but may have a significant
effect on yield to investors.


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


HIRSCHEN OBERSTAMMHEIM: Liquidation Claims Due September 19
-----------------------------------------------------------
Creditors of JSC Hirschen Oberstammheim have until Sept. 19 to submit
their claims to:

         Michael Luscher
         Liquidator
         Muhle Tiefenbrunnen
         Seefeldstrasse 219
         8008 Zurich
         Switzerland

The Debtor can be reached at:

         JSC Hirschen Oberstammheim
         Oberstammheim
         Andelfingen ZH
         Switzerland


HORIZONTI LLC: Claims Registration Period Ends September 24
-----------------------------------------------------------
The Bankruptcy Court of St. Gallen commenced bankruptcy proceedings
against LLC Horizonti on Feb. 8.

Creditors have until Sept. 24 to file their written proofs of claim.

The Bankruptcy Service of St. Gallen can be reached at:

         Bankruptcy Service of St. Gallen
         Christoph Schenk
         9001 St. Gallen
         Switzerland

The Debtor can be reached at:

         LLC Horizonti
         Mittelholzerstrasse 9
         9015 St. Gallen
         Switzerland


JUGENDHEIM HOHLIEBI: Creditors' Liquidation Claims Due Sept. 19
---------------------------------------------------------------
Creditors of JSC Jugendheim Hohliebi have until Sept. 19 to submit their
claims to:

         John and Alison Curtis
         Liquidators
         JSC Henchoz Treuhand
         Rubeldorfstrasse
         3792 Saanen BE
         Switzerland

The Debtor can be reached at:

         JSC Jugendheim Hohliebi
         Lenk
         Obersimmental BE
         Switzerland


KING HOLDING: Zug Court Starts Bankruptcy Proceedings
-----------------------------------------------------
The Bankruptcy Court of Zug commenced bankruptcy proceedings against JSC
King Holding on Aug. 2.

The Bankruptcy Service of Zug can be reached at:

         Bankruptcy Service of Zug
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC King Holding
         Industriestrasse 7
         6301 Zug
         Switzerland


MALERGESCHAFT WALTI: Creditors' Liquidation Claims Due Sept. 19
---------------------------------------------------------------
Creditors of LLC Malergeschaft Walti Scheuber have until
Sept. 19 to submit their claims to:

         Pia Scheuber
         Liquidator
         Burghaltenstrasse 12
         6382 Buren
         Switzerland

The Debtor can be reached at:

         LLC Malergeschaft Walti Scheuber
         Oberdorf NW
         Switzerland


MULTIMAX JSC: Zug Court Starts Bankruptcy Proceedings
-----------------------------------------------------
The Bankruptcy Court of Zug commenced bankruptcy proceedings against JSC
Multimax on Aug. 14.

The Bankruptcy Service of Zug can be reached at:

         Bankruptcy Service of Zug
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC Multimax
         Bosch 45
         6331 Hunenberg
         Switzerland


PRELAM JSC: Creditors' Liquidation Claims Due September 19
----------------------------------------------------------
Creditors of JSC Prelam have until Sept. 19 to submit their claims to:

         Max Wildberger
         Liquidator
         JSC Mader + Baumgartner Treuhand
         Schwanenfelsstrasse 10a
         8212 Neuhausen am Rheinfall SH
         Switzerland

The Debtor can be reached at:

         JSC Prelam
         Schaffhausen
         Switzerland


PRIMETRADE JSC: Claims Registration Period Ends September 24
------------------------------------------------------------
The Bankruptcy Court of Zug commenced bankruptcy proceedings against JSC
Primetrade on April 12.

Creditors have until Sept. 24 to file their written proofs of claim.

The Bankruptcy Service of Zug can be reached at:

         Bankruptcy Service of Zug
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC Primetrade
         Bahnhof-Park 2
         6341 Baar ZG
         Switzerland


TECOR HOLDING: Creditors' Liquidation Claims Due September 17
-------------------------------------------------------------
Creditors of JSC Tecor Holding have until Sept. 17 to submit their claims to:

         Christian Kuhn
         Liquidator
         Buhlstrasse 61
         8200 Schaffhausen
         Switzerland

The Debtor can be reached at:

         JSC Tecor Holding
         Schaffhausen
         Switzerland


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


AKROPOLIS-1 LLC: Creditors Must File Claims by September 14
-----------------------------------------------------------
Creditors of LLC Akropolis-1 (code EDRPOU 33641317) have until Sept. 14 to
submit their proofs of claim to:

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

The Debtor can be reached at:

         LLC Akropolis-1
         Apartment 414
         Gnat Yura Str. 9
         03148 Kiev
         Ukraine


BI VENDA: Creditors Must File Claims by September 14
----------------------------------------------------
Creditors of LLC Trade-Industrial Company Bi Venda (code EDRPOU 34483328)
have until Sept. 14 to submit their 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.
43/397.

The Debtor can be reached at:

         LLC Trade-Industrial Company Bi Venda
         Apartment 272
         Sviatoshyn Square 1
         03115 Kiev
         Ukraine


DOLINKA LLC: Creditors Must File Claims by September 14
-------------------------------------------------------
Creditors of LLC Dolinka have until Sept. 14 to submit their proofs of
claim to:

         The Economic Court of Zaporozhje
         Shaumiana Str. 4
         69001 Zaporozhje
         Ukraine

The Economic Court of Zaporozhje commenced bankruptcy proceedings against
the company after finding it insolvent. The case is docketed under Case
No. 25/72/07.

The Debtor can be reached at:

         LLC Dolinka
         Lenin Str. 84
         Dolinka
         Guliaypole District
         70223 Zaporozhje
         Ukraine


GORNIAK: Creditors Must File Claims by September 14
---------------------------------------------------
Creditors of Gorniak (code EDRPOU 30412069) have until Sept. 14 to submit
their proofs of claim to:

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

The Economic Court of Poltava commenced bankruptcy proceedings against the
company after finding it insolvent.  The case is docketed under Case No.
18/357.


GULIAYPOLE OJSC: Creditors Must File Claims by September 14
-----------------------------------------------------------
Creditors of Guliaypole OJSC (code EDRPOU 00852163) have until Sept. 14 to
submit their proofs of claim to:

         Jury Zinchenko
         Liquidator
         Spartakovskaya Str. 8
         Guliaypole
         70200 Zaporozhje
         Ukraine

The Economic Court of Zaporozhje commenced bankruptcy proceedings against
the company after finding it insolvent.  The case is docketed under Case
No. 19/32/07.

The Court is located at:

         The Economic Court of Zaporozhje
         Shaumiana Str. 4
         69001 Zaporozhje
         Ukraine

The Debtor can be reached at:

         Guliaypole OJSC
         Lavrenkov Str. 22
         Komsomolskoe
         Guliaypole District
         70232 Zaporozhje
         Ukraine


IMPRESS-CONTACT: Creditors Must File Claims by September 14
-----------------------------------------------------------
Creditors of LLC Impress-Contact (code EDRPOU 31361980) have until Sept.
14 to submit their 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.
49/169-b.

The Debtor can be reached at:

         LLC Impress-Contact
         Apartment 236
         Heroes of Stalingrad Avenue 26
         04210 Kiev
         Ukraine


MEDPROM LLC: Creditors Must File Claims by September 14
-------------------------------------------------------
Creditors of LLC Medprom (code EDRPOU 30883830) have until
Sept. 14 to submit their proofs of claim to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings against the
company after finding it insolvent.  The case is docketed under Case No.
B-24/145-07.

The Debtor can be reached at:

         LLC Medprom
         Apartment 35
         Internatsyonalnaya Str. 31
         Pokotilovka
         Kharkov
         Ukraine


MOVABLE COLUMN 3: Creditors Must File Claims by September 14
------------------------------------------------------------
Creditors of OJSC Cherkassy Specialized Mechanized Movable Column 3 (code
EDRPOU 05465442) have until Sept. 14 to submit their proofs of claim to:

         The Economic Court of Cherkassy
         Shevchenko Avenue 307
         18005 Cherkassy
         Ukraine

The Economic Court of Cherkassy commenced bankruptcy proceedings against
the company after finding it insolvent.  The case is docketed under Case
No. 01/3569.

The Debtor can be reached at:

         OJSC Cherkassy Specialized Mechanized Movable Column 3
         Surikov Str. 12a
         18036 Cherkassy
         Ukraine


NADBUZHYE-AGRO LLC: Creditors Must File Claims by September 14
--------------------------------------------------------------
Creditors of LLC Nadbuzhye-Agro (code EDRPOU 03733803) have until Sept. 14
to submit their proofs of claim to:

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

The Economic Court of Vinnica commenced bankruptcy proceedings against the
company after finding it insolvent.  The case is docketed under Case No.
10/179-07.

The Debtor can be reached at:

         LLC Nadbuzhye-Agro
         Shevchenko Str. 1
         Cherniatka
         Bershadsky District
         24432 Vinnica
         Ukraine


NECHAYANOE LLC: Claims Submission Deadline Set September 14
-----------------------------------------------------------
Creditors of Agricultural LLC Nechayanoe (code EDRPOU 32255960) have until
Sept. 14 to submit their proofs of claim to:

         Anton Khotenko
         Temporary Insolvency Manager
         P.O. Box 101
         Nikolaev
         Ukraine

The Economic Court of Nikolaev commenced bankruptcy supervision procedure
on the company on July 20.  The case is docketed under Case No. 2/51/07.

The Court is located at:

         The Economic Court of Nikolaev
         Admiralskaya Str. 22
         54009 Nikolaev
         Ukraine

The Debtor can be reached at:

         Agricultural LLC Nechayanoe
         Nechayanoe
         57140 Nikolaev
         Ukraine


PIGMATIT: Creditors Must File Claims by September 14
----------------------------------------------------
Creditors of Pigmatit (code EDRPOU 30566489) have until Sept. 14 to submit
their proofs of claim to:

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

The Economic Court of Poltava commenced bankruptcy proceedings against the
company after finding it insolvent.  The case is docketed under Case No.
18/356.


SHYROKOE LLC: Creditors Must File Claims by September 14
--------------------------------------------------------
Creditors of LLC Shyrokoe (code EDRPOU 31378486) have until Sept. 14 to
submit their proofs of claim to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings against the
company after finding it insolvent.  The case is docketed under Case No.
B-39/134-07.

The Debtor can be reached at:

         LLC Shyrokoe
         Shyrokoe
         Blizniuki District
         Kharkov
         Ukraine


SVITANOK LLC: Creditors Must File Claims by September 14
--------------------------------------------------------
Creditors of Agricultural LLC Svitanok (code EDRPOU 03733815) have until
Sept. 14 to submit their proofs of claim to:

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

The Economic Court of Vinnica commenced bankruptcy proceedings against the
company after finding it insolvent.  The case is docketed under Case No.
5/368-07.

The Debtor can be reached at:

         Agricultural LLC Svitanok
         Lenin Str. 1
         Shliakhovaya
         Bershadsky District
         24432 Vinnica
         Ukraine


TRANSINKOM-RESOURCE: Creditors Must File Claims by September 14
---------------------------------------------------------------
Creditors of LLC Transinkom-Resource (code EDRPOU 33640025) have until
Sept. 14 to submit their 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.
49/168-b.

The Debtor can be reached at:

         LLC Transinkom-Resource
         Konstantinovskaya Str. 37A
         04071 Kiev
         Ukraine


YURIEVSKY TRADE: Creditors Must File Claims by September 14
-----------------------------------------------------------
Creditors of LLC Yurievsky Trade House (code EDRPOU 34014896) have until
Sept. 14 to submit their proofs of claim to:

         The Economic Court of Kharkov
         Derzhprom 8th Entrance
         Svoboda Square 5
         61022 Kharkov
         Ukraine

The Economic Court of Kharkov commenced bankruptcy proceedings against the
company after finding it insolvent.  The case is docketed under Case No.
B-48/106-07.

The Debtor can be reached at:

         LLC Yurievsky Trade House
         Apartment77
         Commander Korka Str. 40
         61184 Kharkov
         Ukraine


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


AMERICAN MOTORCYCLE: Calls In Liquidators from Vantis plc
---------------------------------------------------------
Christopher David Stevens and Colin Ian Vickers of Vantis plc were
appointed joint liquidators of American Motorcycle Works Ltd. on Sept. 4
for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Vantis plc
         Fourth Floor
         Southfield House
         11 Liverpool Gardens
         Worthing
         West Sussex
         BN11 1RY
         England


AXA INSURANCE: New York Court Recognizes Chapter 15 Petition
------------------------------------------------------------
The U.S. Bankruptcy Court for the Southern District of New York entered an
order recognizing the U,K, scheme proceedings of AXA Insurance U.K. PLC,
Ecclesiastical Insurance Office Plc, GLOBAL General and Reinsurance
Company Limited, and MMA IARD Assurances Mutuelles as the foreign main
proceedings pursuant to Chapter 15 of the U.S. Bankruptcy Code.

The Debtors are subject to a scheme of arrangement proceeding in the High
Court of Justice of England and Wales.

Chapter 15, which became effective Oct. 17, 2005, broadens the mechanism
through which representatives of non-US proceedings might obtain relief,
including injunctive relief, in the United
States; expands the powers of U.S. Bankruptcy Courts; and enhances the
rights of both U.S. and non-U.S. creditors.

The U.S. Court's decision has effectively stayed all other legal
proceedings that may be ongoing or commenced against the Debtors.  It also
protects the Debtors' assets within the United States from any execution,
transfer, encumbrance, and disposal.

                       Scheme of Arrangement

The Debtors had written reinsurance business in the London market through
a reinsurance pool that went into a run-off on Nov. 1, 2002.

Reinsurance pools that enter into a run-off, typically completes in 20 or
more years, cease underwriting new business and seek to determine, settle
and pay all liquidated claims of their insureds as they rise.  To shorten
the run-off and reduce administrative cost, the Debtors have each entered
into a scheme of arrangement under English Law.  The Schemes apply to all
business written by the companies within the pool.

On Feb. 28, 2007, the companies met with Scheme Creditors, after being
allowed by the U.K. High Court on Dec. 12, 2006.  The High Court also
confirmed that Philip Heitlinger has authority to request recognition and
a permanent injunction order under Chapter 15 of the Bankruptcy Code on
the December 12 order.

On July 9, 2007, the High Court sanctioned the Schemes, which were voted
in favor of by the requisite majorities of Scheme Creditors.

                       About AXA Insurance

Philip Heitlinger, in his capacity as Foreign Representative for AXA
Insurance U.K. Plc and its debtor-affiliates, filed for Chapter 15
protection on June 9, 2007 (Bankr. S.D. N.Y. Case Nos. 07-12110 and
07-12113).  Howard Seife, Esq., at Chadbourne & Parke, LLP, in New York
City represent the Foreign Representative in this case.  As of Petition
Date, the Debtors listed estimated assets and debts between US$1 million
and
US$100 million.


CARD CENTRE: Brings In Liquidators from Grant Thornton
------------------------------------------------------
Trevor O'Sullivan and Nigel Morrison of Grant Thornton U.K. LLP were
appointed joint liquidators of The Card Centre Ltd. on
Aug. 17 for the creditors' voluntary winding-up procedure proceeding.

Mr. O'Sullivan can be reached at:

         Grant Thornton U.K. LLP
         31 Carlton Crescent
         Southampton
         Hampshire
         SO15 2EW
         England

Mr. Morrison can be reached at:

         Grant Thornton U.K. LLP
         43 Queen Square
         Bristol
         BS1 4QR
         England


CARDTRONICS INC: Files Registration Statement with SEC for IPO
--------------------------------------------------------------
Cardtronics, Inc. filed a registration statement on Form S-1 with the U.S.
Securities and Exchange Commission relating to an initial public offering
of shares of its common stock.  The offered shares will be sold by
Cardtronics and certain stockholders of the company.

Cardtronics plans to use the net proceeds to repay indebtedness under its
credit facility, for working capital and for other general corporate
purposes.  Cardtronics will not receive any proceeds from the sale of
shares by selling stockholders.

Deutsche Bank Securities Inc., William Blair & Company, L.L.C., and Banc
of America Securities LLC are the joint book runners for the offering.
The number of shares to be offered and the price range for the offering
have not yet been determined.

The offering will be made only by means of a prospectus.  When available,
a copy of the preliminary prospectus relating to the offering may be
obtained from:

     1) Deutsche Bank Securities Inc.
        Attention: Prospectus Department
        100 Plaza One
        Jersey City, New Jersey 07311
        Telephone (800) 503-5611

     2) William Blair & Company, L.L.C.
        222 West Adams Street
        Chicago, Illinois 60606

     3) Banc of America Securities LLC
        Capital Markets Operations
        100 West 33rd Street, 3rd Floor
        New York, NY 10001

                    About Cardtronics

Headquartered in Houston, Texas, Cardtronics Inc. --
http://www.cardtronics.com/-- is a non-bank owner/operator of ATMs with
more than 25,750 locations.  The company operates in every major U.S.
market, at approximately 1,700 locations throughout the U.K., and at over
700 locations in Mexico.
                          *     *     *

As reported in the Troubled Company Reporter on July 11, 2007,
Moody's Investors Service assigned a Caa1 rating to Cardtronics, Inc.'s
proposed additional US$125 million "tack-on" high yield subordinated
notes, which will be used to fund the US$135 million acquisition of the
assets of financial services business of 7-Eleven.  Moody's also affirmed
the corporate family rating of Cardtronics of B3.  The rating outlook is
stable.


CHRYSLER LLC: Grabs James Press from Toyota; Appointed as Pres.
---------------------------------------------------------------
Chrysler LLC has appointed James E. Press as vice chairman and president,
Chairman and CEO Robert Nardelli disclosed.

Mr. Press, who was president and chief operating officer of Toyota Motors
in North America Inc. and a director of the parent company, will now be
responsible for North American Sales, International Sales, Global
Marketing, Product Strategy, and Service and Parts for Chrysler.

"Tom LaSorda and I are thrilled that one of the most successful executives
in the history of the auto industry has joined our leadership team at the
New Chrysler," said Mr. Nardelli.  "Our top team now consists of a
world-class 'supply' leader in Tom and an equally world-class 'demand'
leader in Jim."

"I've known Jim for many years and know that he will hit the ground
sprinting," said Mr. LaSorda.  "I look forward to partnering with him and
Bob as part of the Office of the Chairman."

Mr. Press joins Mr. LaSorda as a vice chairman and president, reporting to
Mr. Nardelli.  Mr. LaSorda's responsibilities will continue to include
Manufacturing, Procurement and Supply, Employee Relations and Global
Business Development and Alliances.

"I am grateful for the support and opportunities I received during my
three-plus decades at Toyota," said Mr. Press.  "I relish this new
opportunity with the Chrysler team to be a part of the resurgence of a
true American icon here and around the world.  Part of my new
responsibilities will be strengthening and energizing the dealer body.
This is something I was passionate about at Toyota and will be passionate
about at Chrysler."

Mr. Press joins Chrysler after 37 years with Toyota, where he most
recently served as the first non-Japanese president of Toyota Motor North
America Inc., responsible for sales, engineering and the company’s 15
manufacturing plants with 41,000 employees in North America.  He was also
the first non-Japanese executive selected to the Board of Directors of
Toyota Motor Corporation.

During his tenure at Toyota, the company grew from an upstart new company
selling 100,000 vehicles per year to the second largest auto company in
the United States.

Mr. Press becomes a member of the Chrysler Board of Directors and the
Board of Managers of Cerberus Operations and Advisory Co. (COAC), LLC.
Mr. Press joins Mr. LaSorda as vice chairman of COAC.

                       About Chrysler LLC

Headquartered in Auburn Hills, Michigan, Chrysler LLC --
http://www.chrysler.com/-- 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 company has dealers worldwide, including Canada, Mexico,
U.S., Germany, France, U.K., Argentina, Brazil, Venezuela,
China, Japan and Australia.

                            *   *   *

As reported in the Troubled Company Reporter on Aug. 8, 2007,
Standard & Poor's Ratings Services revised its loan and recovery ratings
on Chrysler LLC's (B/Negative/--) US$10 billion senior secured first-lien
term loan facility due 2013, following various changes to terms and
conditions prior to closing.  The US$10 billion first-lien term loan now
consists of a US$5 billion "first-out" tranche and a US$5 billion
"second-out" tranche, so the aggregate amount of first-lien debt remains
unchanged.

Accordingly, S&P assigned a 'BB-' rating to the US$5 billion "first-out"
first-lien term loan tranche.  This rating, two notches above the
corporate credit rating of 'B' on Chrysler LLC, and the '1' recovery
rating indicate S&P's expectation for very high recovery in the event of
payment default.  S&P also assigned a 'B' rating to the US$5 billion
"second-out" first-lien term loan tranche.  This rating, the same as the
corporate credit rating, and the '3' recovery rating indicate S&P's
expectation for a meaningful recovery in the event of payment default.

Moody's Investors Service has affirmed Chrysler Automotive LLC's B3
Corporate Family Rating, and the Caa1 rating of the company's US$2 billion
senior secured, second lien term loan in connection with Monday's closing
of DaimlerChrysler AG's sale of a majority interest of Chrysler Group to
Cerberus Capital Management LLC.


CINRAM INT'L: Declares CDN$0.2708 Per Unit Cash Distribution
------------------------------------------------------------
Cinram International Income Fund has declared a cash distribution of
CDN$0.2708 per unit for September 2007, payable on Oct. 15, 2007, to
unitholders of record at the close of business on Sept. 28, 2007.

Cinram International Limited Partnership has also declared a
cash distribution of CDN$0.2708 per Class B limited partnership
unit for the month of September 2007, payable on Oct. 15, 2007,
to unitholders of record at the close of business on
Sept. 28, 2007.

The Fund and the Partnership's current annualized distribution
rate is CDN$3.25 per unit, payable in monthly distributions of
CDN$0.2708 per unit.  In accordance with the distribution policy
of both the Fund and the Partnership, unitholders of record at
the close of business on the last business day of each calendar
month are paid a distribution on or about the 15th day of the
following month.

                    About Cinram International

Cinram International Inc. (TSX: CRW.UN) - http://www.cinram.com/ -- an
indirect wholly owned subsidiary Cinram International
Income Fund, provides pre-recorded multimedia products and
related logistics services.  With facilities in North America
and Europe, Cinram International Inc. manufactures and
distributes pre-recorded DVDs, VHS video cassettes, audio CDs,
audio cassettes and CD-ROMs for motion picture studios, music
labels, publishers and computer software companies around the
world including Canada, France, Germany, Mexico, the United
Kingdom, and the United States.

                            *   *   *

Cintram International Income Fund carries Moody's B1 long-term
corporate family and bank loan debt rating.  Moody's said the
ratings outlook is stable.


D.A.F. ELECTRICAL: Joint Liquidators Take Over Operations
---------------------------------------------------------
Nigel Morrison and Trevor Patrick O'Sullivan of Grant Thornton U.K. LLP
were appointed joint liquidators of D.A.F. Electrical Contractors Ltd. on
Aug. 31 for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

        Grant Thornton U.K. LLP
        11-13 Penhill Road
        Cardiff
        CF11 9UP
        Wales


FORD MOTOR: Inks Pact with Romania to Acquire Craiova Site
----------------------------------------------------------
Ford Motor Co. reached an agreement with the Romanian government for the
EUR57-million purchase of the Craiova vehicle manufacturing plant in the
south-west of the country.

Ford of Europe President and CEO John Fleming and Calin Popescu-Tariceanu,
Prime Minister of Romania, witnessed the signing of the documents which
begin the process of transferring ownership of the facility to Ford.

The documents were signed by the chief negotiators for each side –- Mr.
Lyle Watters, director of Business Strategy, Ford of Europe, and Mr.
Sebastian Vladescu, president of the Privatization Committee for
Automotive Craiova and Secretary of State for Economy and Finance.

Speaking at the signing ceremony at the Frankfurt Motor Show in Germany,
John Fleming said: "This is great news for Ford, for Romania and for
Craiova.  We are acquiring a plant with a skilled and enthusiastic
workforce and together we will work to transform the plant into an
industry benchmark for vehicle manufacturing in Central Europe."

Prime Minister Tariceanu commented: "Ford has shared with us their
exciting vision for the future of Craiova.  In time the plant will be
producing over 300,000 Ford vehicles and engines a year, all proudly made
in Romania."

In addition to the EUR57 million to be paid to the government for their
72.4 per cent stake in Automotive Craiova, Ford will transfer to a new
company significant land parcels not required for production plans.  The
same offer will be made to all the minority shareholders.

Ford has also committed to spending another EUR675 million to upgrade and
modernize the plant.  And, by 2012, the company expects to be spending
around EUR1 billion a year in Romania to support the Craiova operations.

Employment levels at the plant will almost double, from the existing 3,900
to 7,000.

Ford's purchase of the Craiova facility will be ratified by the Romanian
government via a special law which will make its way through parliament in
the not-too-distant future.  When all the formalities are completed, Ford
will become the new owner towards the end of the year.

"I wish to place on record Ford Motor Company's gratitude to the
government of Romania and its agencies involved in the negotiation
process," said Mr. Fleming.  "Given the intense nature of the discussions
we have had over many weeks, it would have been understandable had the
relationship become strained.  Despite the complex negotiations, the
atmosphere was always cordial and very positive.  We appreciated that very
much.

"Although we have reached this landmark stage, there is still much
planning work for us to do before we assume full responsibility for the
plant.  While I do not want to be too specific at this stage about the
vehicle we shall be building in Craiova, I can confirm that we will start
with a small car built solely in Craiova and we expect up to 90 per cent
of vehicle production to be exported.

"For the foreseeable future, it is business as usual at Craiova. During
this transition period there will be much to discuss with the employees at
the plant.  I hope today's news pleases them as much as it does me and my
management team," he added.

The Ford of Europe president and CEO also confirmed that he would be
travelling to Romania with other members of the Ford of Europe senior
management group on Sept. 14, 2007.  While there he will join Prime
Minister Tariceanu at the plant, meet employees and view some of the
facilities.

In its Technical Offer document, presented to the Romanian Authority for
State Assets Recovery at the beginning of the negotiations in July, the
company made the following statements:

    -- Craiova will be a cornerstone of Ford of Europe's
       manufacturing base and a key element of its plan to
       increase sales in Europe to over two million units
       per year.

    -- Craiova will be incorporated into the global Ford
       organization, building strong and sustainable
       relationships with local, regional and global economies.

    -- the application of the Ford Production system, a
       renowned lean-manufacturing principle, ensures leading-
       edge manufacturing standards.

    -- investments made to upgrade and modernize the plant will
       include a new, automated 1,000 tonne press line and
       automate some of the existing production lines in the
       Craiova press shop; the installation of a new body
       construction shop; modernize and expand the capacity and
       flexibility of the paint shop operations and new
       equipment and tooling in the trim and final areas of
       assembly.  Where possible, Ford aims to use local
       suppliers and labor to support these efforts.

    -- protecting the health of Ford employees and ensuring
       their safety are of paramount importance.  Ford works to
       continuously reduce the risk of accidents and injures and
       to increase the employees' awareness of health and safety
       issues.

    -- Ford's product plans for Craiova will require a
       substantial increase in employment.

    -- the company plans to collaborate with other local
       companies to build a sustainable base of technical
       expertise through apprenticeship and work experience
       programs.

    -- providing equal opportunity and fostering diversity
       (valuing and respecting every individual) will be key
       principles in the company's recruitment approach.

    -- Ford will work in partnership with those local unions
       officially representing its employees to establish
       competitive and sustainable practices.  These will
       distinguish Craiova as a flexible, world-class
       manufacturing operation capable of dealing with the many
       changes that occur in a fast-moving global industry.

                      About Ford Motor Co.

Headquartered in Dearborn, Michigan, Ford Motor Co. (NYSE: F) --
http://www.ford.com/-- manufactures or distributes automobiles
in 200 markets across six continents.  With about 260,000
employees and about 100 plants worldwide, the company's core and
affiliated automotive brands include Ford, Jaguar, Land Rover,
Lincoln, Mercury, Volvo, Aston Martin, and Mazda.  The company
provides financial services through Ford Motor Credit Company.

The company has operations in Japan in the Asia Pacific region.
In Europe, the Company maintains a presence in Sweden, and the
United Kingdom.  The Company also distributes its brands in
various Latin American regions, including Argentina and Brazil.

                            *   *   *

As reported in the TCR-Europe on July 31, 2007, Moody's
Investors Service said Ford's credit metrics and rate of cash
consumption will likely remain consistent with no higher than a
B3 corporate family rating level into 2008.

According to the rating agency, Ford's corporate family rating
is currently a B3 with a negative outlook.


NASDAQ STOCK: Defers Deadline for Bidders of 31% LSE Stake
----------------------------------------------------------
The September 7 deadline of Nasdaq Stock Market Inc. didn't entice
potential buyers to bid for the company's 31% stake in the London Stock
Exchange, instigating Nasdaq to defer the deadline this week, various
sources report.

As reported in the Troubled Company Reporter on Sept. 5, 2007,
Nasdaq set Friday, Sept. 7, 2007, as deadline for interested parties to
submit their bids for the sale of the company's
US$1.71 billion stake in the London Stock Exchange.

A number of institutions have unofficially contacted the LSE, including
state-owned investment firms of Qatar and Singapore, the Australian Stock
exchange, Deutsche Bourse and several Italian investment funds.

Headquartered in New York City, The Nasdaq Stock Market Inc.
(Nasdaq: NDAQ) -- http://www.nasdaq.com/-- is an electronic
equity securities market in the United States with about 3,200
companies.

                            *   *   *

In February 2007, Moody's Investors Service placed The NASDAQ
Stock Market Inc.'s long-term corporate family rating at Ba3 with a
negative outlook.  In November 2006, Standard & Poor's rated the company's
long-term local and foreign issuer credits at BB with a stable outlook.
Both ratings still apply to date.


SCOTTISH RE: Clearwater Closes US$555-Mil. Financing Transaction
----------------------------------------------------------------
Scottish Re Group Ltd. said Sept. 6 that its Clearwater Re Ltd.
closed a transaction that provides up to US$555 million of
Regulation Triple-X peak reserve financing for a minimum of 15
years.

Citibank NA and Calyon New York Branch have committed to
purchasing up to US$555 million of notes issued by Clearwater
Re.

Scottish Re Group Ltd. -- http://www.scottishre.com/-- is a
global life reinsurance specialist.  Scottish Re has operating
businesses in Bermuda, Grand Cayman, Guernsey, Ireland, the
United Kingdom, United States, and Singapore.  Its flagship
operating subsidiaries include Scottish Annuity & Life Insurance
Company (Cayman) Ltd. and Scottish Re (US), Inc.  Scottish Re
Capital Markets, Inc., a member of Scottish Re Group Ltd., is a
registered broker dealer that specializes in securitization of
life insurance assets and liabilities.

On June 30, 2007, Scottish Re reported total assets of US$13.6
billion and shareholder's equity of US$1.2 billion.

Moody's insurance financial strength ratings are opinions of the
ability of insurance companies to repay punctually senior
policyholder claims and obligations.


SOLO CUP: Selling Hoffmaster Biz to Kohlberg Unit for US$170 Mln
----------------------------------------------------------------
Solo Cup Company has signed an agreement to sell its Hoffmaster business
to an affiliate of funds managed by Kohlberg & Company LLC for around
US$170 million.

Subject to regulatory approvals and other customary closing conditions,
the transaction is expected to close within the next 45 days.  Kohlberg
has received a commitment to obtain financing for the transaction, subject
to customary conditions.

Under the terms of the agreement, a newly formed affiliate of
Kohlberg will acquire all of the assets of the company's
Hoffmaster business, including its product portfolio of
disposable tableware and special occasions consumer products and
associated manufacturing equipment, as well as two manufacturing
facilities located in Oshkosh and Appleton, Wis., a leased
distribution center located in Indianapolis, Ind., and a
sourcing subsidiary in Hong Kong.

"This decision is one that comes from our previously discussed
initiative to divest non-core assets," said Robert M. Korzenski,
CEO, Solo Cup Company.  "While the Hoffmaster business is
strong, this divestiture allows us to reduce our overall debt
burden and increase our focus and investment on improving
performance and positioning the Company for growth."  The
proceeds from the sale are expected to be applied to the
Company's term loan.

"This transaction, when complete, combined with the previously
announced sale-leaseback of six properties and improved working
capital management will have reduced our debt by approximately
US$300 million since the beginning of the year," added Mr.
Korzenski.

Solo will provide certain support services to the business. "We
will work closely with the Hoffmaster leadership team to ensure
a smooth transition," Mr. Korzenski continued.  "I also want to
thank the Hoffmaster employees for their many years of dedicated
service to the Solo and Sweetheart companies.  I believe this is
a great opportunity for Hoffmaster to achieve its potential as a
stand-alone entity."

Hoffmaster manufactures specialty napkins, placemats, table
covers and other items for the restaurant and lodging
industries.  Through its Sensations(R) brand and Creative
Expressions Group, the company produces premium disposable
tableware for special occasions sold through supermarkets and
party stores.

Kohlberg & Company, L.L.C. is a leading U.S. private equity firm
with offices in Mt. Kisco, New York and Palo Alto, California.
Since its inception in 1987, Kohlberg has completed over 90
platform and add-on acquisitions as the control investor in a
variety of industries, including manufacturing, healthcare,
consumer products and service industries.  Kohlberg has invested
a total of US$1.8 billion in equity across six private equity
funds with an aggregate transaction value of approximately US$7
billion.

Headquartered in Highland Park, Illinois, Solo Cup Company
-- http://www.solocup.com/-- manufactures disposable
foodservice products for the consumer and retail, foodservice,
packaging, and international markets.  Solo Cup has broad
expertise in plastic, paper, and foam disposables and creates
brand name products under the Solo, Sweetheart, Fonda, and
Hoffmaster names.  The company was established in 1936 and has a
global presence with facilities in Asia, Canada, United Kingdom, Mexico,
Panama and the United States.

                            *   *   *

As reported in the Troubled Company Reporter-Latin America on
Sept. 7, 2007, Fitch Ratings has affirmed the ratings for Solo
Cup Company as:

-- Issuer default rating (IDR) 'B-';
-- Senior secured first lien term loan 'B+/RR2';
-- Senior secured revolving credit facility 'B+/RR2';
-- Senior subordinated notes 'CCC/RR6'.


SULTANA CARPET: Appoints Neil Francis Hickling as Liquidator
------------------------------------------------------------
Neil Francis Hickling of Smith & Williamson Ltd. was appointed liquidator
of The Sultana Carpet Co. Ltd. on Aug. 30 for the creditors' voluntary
winding-up procedure.

The liquidator can be reached at:

        Smith & Williamson Ltd.
        No. 1 St. Swithin Street
        Worcester
        WR1 2PY
        England


TRILANTIC LTD: Taps Liquidators from Tenon Recovery
---------------------------------------------------
Paul W. Ellison and Robert C. Keyes of Tenon Recovery were appointed joint
liquidators of Trilantic Ltd. on Aug. 29 for the creditors' voluntary
winding-up proceeding.

The joint liquidators can be reached at:

         Tenon Recovery,
         Dukesbridge House
         23 Duke Street
         Reading
         Berkshire
         RG1 4SA
         England


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------
Sept. 13, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Kick-Off Cocktail Reception
         Westin Buckhead, Atlanta, Georgia
            Contact: 678-795-8103 or http://www.turnaround.org/

Sept. 14, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Breakfast Forum: John Blumberg - guest speaker
         Mid-Day Club, Chicago, Illinois
            Contact: http://www.turnaround.org/

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

Sept. 18, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      14th Annual Connecticut Children's Medical Center
         Fundraiser Golf Outing
            Woodbridge Country Club, Woodbridge, Connecticut
               Contact: 203-265-2048 or
                  http://www.turnaround.org/

Sept. 18, 2007
   ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
         6th Annual Advanced Restructuring and
            Plan of Reorganization Conference
               Union League Club, New York, New York
                  Contact: http://www.airacira.org/

Sept. 18, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Back to Basics: 13-Week Cash Flow Workshop
         Sheppard Mullin Richter & Hampton LLP, Los Angeles,
            California
               Contact: http://www.turnaround.org/

Sept. 19, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      NSW Networking Event with presentation by Lisa Ironside,
         senior Bank West Treasury Executive
            Union, University & Schools Club of Sydney,
               Sydney, Australia
                  Contact: http://www.turnaround.org/

Sept. 19, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      "From Prominence to Prison" Why Smart People Do Dumb
          Things
             Marriott at Key Center, Cleveland, Ohio
                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. 20, 2007
   BEARD AUDIO CONFERENCES
      Carve-Out Agreements for Unsecured Creditors
         Contact: 240-629-3300;
                  http://www.beardaudioconferences.com/

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. 20, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      1st Annual New York Distressed Capital Connection
         Roosevelt Hotel, New York, New York
            Contact: http://www.turnaround.org/

Sept. 20, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      HealthSouth Turnaround Story with John Whittington
         Summit Club, Birmingham, Alabama
            Contact: http://www.turnaround.org/

Sept. 20, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      All Appropriate Inquiry – Phase I Environmental Site
         Assessments Get a Facelift
            Waller Lansden Dortch & Davis PLLC,
               Nashville, Tennessee
                  Contact: http://www.turnaround.org/

Sept. 20, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      David Johnson, Business Analyst
         DFW Chapter Monthly Meeting
            CityPlace Conference Center, Dallas, Texas
               Contact: http://www.turnaround.org/

Sept. 20-21, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      1st Annual MidAmerica Conference
         Oak Brook Hills Marriott Resort, Oak Brook, Illinois
            Contact: http://www.turnaround.org/

Sept. 21-23, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Turnaround Management Workshop at BGN Eastern Conference
         Reval Hotel Latvija, Riga, Latvia
            Contact: http://www.turnaround.org/

Sept. 24, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      11th Annual Golf Outing & Fundraiser
         Philadelphia Country Club, Philadelphia, Pennsylvania
            Contact: 215-657-5551 or http://www.turnaround.org/

Sept. 24, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Applying Private Sector Principles to the Public Sector:
         The Turnaround of the St. Louis Public School System
            Charlotte City Club, Charlotte, North Carolina
               Contact: http://www.turnaround.org/

Sept. 24-25, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Distressed & Turnaround Investment Forum
         The Flamingo, Las Vegas, Nevada
            Contact: http://www.turnaround.org/

Sept. 24-25, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      International Corporate Recovery Forum
         Alameda Santos, São Paulo, Brazil
            Contact: 1-703-739-0800; http://www.abiworld.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. 26, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Event TBA
         McCormick & Schmick's, Las Vegas, Nevada
            Contact: 702-952-2480 or http://www.turnaround.org/

Sept. 26, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Milwaukee Brewers vs. St. Louis Cardinals
         Miller Park, Milwaukee, Wisconsin
            Contact: 815-469-2935 or http://www.turnaround.org/

Sept. 26, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      13 Week Cash Flow
         Marriott Westshore, Tampa, Florida
            Contact: http://www.turnaround.org/

Sept. 26, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Banana Peels, Bear Traps and Other Hazards for the
         Secured Lender and Other Creditors
            Milleridge Cottage, Jericho, New York
               Contact: http://www.turnaround.org/

Sept. 26, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      5th Annual Networking Session
         NJTMA/NYIC Production "Yesterday, Today & Tomorrow"
            Maplewood Country Club, Maplewood, New Jersey
               Contact: http://www.turnaround.org/

Sept. 26, 2007
   PRACTISING LAW INSTITUTE
      Subprime Mortgage Bankruptcies and the
         Chapter 11 Bankruptcy Uptick
            PLI California Center, San Francisco, California
               Contact: http://http://www.pli.edu/

Sept. 26-27, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Florida Annual Golf Tournament
         Tampa, Florida
            Contact: 561-882-1331 or http://www.turnaround.org/

Sept. 27, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Hedge Funds: Why Should I Care About Them and
         How Do They Affect Me?
         Faegre & Benson, Minneapolis, Minnesota
            Contact: http://www.turnaround.org/

Sept. 27, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Arizona Chapter Meeting
         TBA, Arizona
            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. 1, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Pittsburgh 4th Annual Golf Outing
         Fox Chapel Golf Club, Pittsburgh, Pennsylvania
            Contact: 412-644-8794 or 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. 4, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Breakfast Event
         Carnelian Room, San Francisco, California
            Contact: 510-346-6000 ext 226 or
                     http://www.turnaround.org/

Oct. 4, 2007
   NEW YORK SOCIETY OF SECURITY ANALYSTS
      Investing in Distressed and Defaulted Debt
         New York, New York
            Contact: http://www.nyssa.org/

Oct. 5, 2007
   PRACTISING LAW INSTITUTE
      Intercreditor Agreements & Bankruptcy Issues -
         Creating the Best Structures
            University Club, New York, New York
               Contact: http://www.pli.edu/

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

Oct. 9-10, 2007
   INTERNATIONAL WOMEN'S INSOLVENCY & RESTRUCTURING
      CONFEDERATION
         IWIRC Annual Fall Conference
            Orlando, Florida
               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. 11, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Winn Dixie Bankruptcy
         University Club, Jacksonville, Florida
            Contact: 561-882-1331 or http://www.turnaround.org/

Oct. 11, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Chuck Bauer - Client Satisfaction
         Dallas Country Club, Dallas, Texas
            Contact: http://www.turnaround.org/

Oct. 12, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Breakfast Meeting
         Westin Buckhead, Atlanta, Georgia
            Contact: 678-795-8103 or http://www.turnaround.org/

Oct. 12, 2007
   INTERNATIONAL WOMEN'S INSOLVENCY & RESTRUCTURING
      CONFEDERATION
         Presentation by George F. Will: The Political Argument
            Today
               Orlando, Florida
                  Contact: http://www.ardent-services.com/

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. 17, 2007
   ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
      AIRA Presents Lifetime Achievement Awards to
         Charles C. Crumley and William G. Hays, Jr.
            Cherokee Town Club, Atlanta, Georgia
               Contact: http://www.airacira.org/

Oct. 21-24, 2007
   ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
      Restructuring and Investing Conference
         Portman Ritz Carlton, Shanghai, China
            Contact: http://www.airacira.org/


Oct. 22-23, 2007
   STRATEGIC RESEARCH INSTITUTE
      9th Annual Distressed Debt - West
         Venetian Resort Hotel Casino, Las Vegas, Nevada
            Contact: http://www.almevents.com/

Oct. 23, 2007
   BEARD AUDIO CONFERENCES
      Partnerships in Bankruptcy
         Contact: 240-629-3300;
                  http://www.beardaudioconferences.com/

Oct. 24, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Event - TBA
         McCormick & Schmick's Fresh Seafood Restaurant,
         Las Vegas, Nevada
            Contact: 702-952-2480 or http://www.turnaround.org/

Oct. 25, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      LI Turnaround Member Social
         Davenport Press, Mineola, New York
            Contact: 631-261-6296 or http://www.turnaround.org/

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

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

Oct. 26, 2007
   AMERICAN BANKRUPTCY INSTITUTE
      International Insolvency Symposium
         Hotel Adlon Kempinski, Berlin, Germany
            Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 29, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Monthly Luncheon, Carolinas Chapter - Topic TBA
         Sheraton Greensboro Hotel,
            Greensboro, North Carolina
               Contact: http://www.turnaround.org/

Oct. 29, 2007
   FINANCIAL RESEARCH ASSOCIATES LLC
      6th Annual Distressed Debt Summit
         The 3 West Club, New York, New York
            Contact: http://www.frallc.com/

Oct. 30, 2007
   BEARD AUDIO CONFERENCES
      Using Virtual Data Rooms to Expedite M&A
         and Insolvency Proceedings
            Contact: 240-629-3300;
               http://www.beardaudioconferences.com/

Oct. 30, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Luncheon
         Centre Club, Tampa, Florida
            Contact: 561-882-1331; 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
   ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
      Claims Trading - Issues and Implications
         New York, New York
            Contact: http://www.airacira.org/

Nov. 1, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Breakfast Event
         Carnelian Room, San Francisco, California
            Contact: 510-346-6000 ext 226 or
                     http://www.turnaround.org/

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

Nov. 5, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      2007 Newsmaker Dinner with Jean Chretien
         Fairmont Royal York Hotel, Toronto, Ontario
            Contact: http://www.turnaround.org/

Nov. 7, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Lenders Forum
         Milleridge Cottage, Jericho, New York
            Contact: 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. 13-14, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      6th Annual Distressed Debt Symposium
         Jumeirah Carlton Tower, London, United Kingdom
            Contact: http://www.turnaround.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
      Aloha Airlines Story
         Bankers Club, Miami, Florida
            Contact: http://www.turnaround.org/

Nov. 14, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Australia 4th Annual Conference and Gala Dinner
          Hilton, Sydney, Australia
            Contact: http://www.turnaround.org/

Nov. 14, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Dinner
         TBA, 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; http://www.turnaround.org/

Nov. 16, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Meeting with Chapter President, Bruce Sim
         Westin Buckhead, Atlanta, Georgia
            Contact: http://www.turnaround.org/

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

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

November 26-27, 2006
   BEARD GROUP AND RENAISSANCE AMERICAN MANAGEMENT
      Fourteenth Annual Conference on Distressed Investing
         Maximizing Profits in the Distressed Debt Market
            The Jumeirah Essex House, New York, NY
               Contact: 800-726-2524; 903-595-3800;
                  http://beardconferences.com/

Nov. 29, 2007
   INTERNATIONAL WOMEN'S INSOLVENCY & RESTRUCTURING CONFEDERATION
      Holiday Gala
         Yale Club, New York, New York
            Contact: http://www.iwirc.org/

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

Nov. 29, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Special Speaker
         Hilton, Sydney, Australia
            Contact: http://www.turnaround.org/

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

Dec. 5, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Joint Holiday Networking Event with TMA/CFA
         TBA, Philadelphia, Pennsylvania
            Contact: 215-657-5551 or http://www.turnaround.org/

Dec. 6, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Seattle Holiday Party
         Athletic Club, Seattle, Washington
            Contact: 206-223-5495; 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. 10, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Holiday Party
         Guy Anthony's Restaurant, Merrick, New York
            Contact: 631-251-6296 or http://www.turnaround.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. 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; http://www.turnaround.org/

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

Jan. 11, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      Annual Lenders Panel
         Westin Buckhead, Atlanta, Georgia
            Contact: http://www.turnaround.org/

Feb. 7, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      PowerPlay
         Philips Arena, Atlanta, Georgia
            Contact: 678-795-8103 or http://www.turnaround.org/

Feb. 7, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      Breakfast Event
         Carnelian Room, San Francisco, California
            Contact: 510-346-6000 ext 226 or
               http://www.turnaround.org/

Feb. 14-16, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      13th Annual Rocky Mountain Bankruptcy Conference
         Westin Tabor Center, Denver, Colorado
            Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 23-26, 2008
   NORTON INSTITUTES ON BANKRUPTCY LAW
      Bankruptcy Litigation Seminar I
         Park City, Utah
            Contact: http://www.nortoninstitutes.org/

Feb. 26, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      Retail Panel
         Citrus Club, Orlando, Florida
            Contact: http://www.turnaround.org/

Mar. 6-8, 2008
   ALI-ABA
      Fundamentals of Bankruptcy Law
         Mandalay Bay Resort, Las Vegas, Nevada
            Contact: http://www.ali-aba.org/

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

Mar. 27-30, 2008
   NORTON INSTITUTES ON BANKRUPTCY LAW
      Bankruptcy Litigation Seminar II
         Las Vegas, Nevada
            Contact: http://www.nortoninstitutes.org/

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

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

June 19-21, 2008
   ALI-ABA
      Partnerships, LLCs, and LLPs: Uniform Acts, Taxation,
         Drafting, Securities, and Bankruptcy
            Omni Hotel, San Francisco, California
               Contact: http://www.ali-aba.org/

June 26-29, 2008
   NORTON INSTITUTES ON BANKRUPTCY LAW
      Western Mountains Bankruptcy Law Seminar
         Jackson Hole, Wyoming
            Contact: http://www.nortoninstitutes.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. 3-5, 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/

June 21-24, 2009
   INTERNATIONAL ASSOCIATION OF RESTRUCTURING, INSOLVENCY &
      BANKRUPTCY PROFESSIONALS
         8th International World Congress
            TBA
               Contact: http://www.insol.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/

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/

BEARD AUDIO CONFERENCES
   2006 BACPA Library
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com;
               http://researcharchives.com/t/s?20fa

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
   Carve-Out Agreements for Unsecured Creditors
      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
   China’s New Enterprise Bankruptcy Law
      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
   Handling Complex Chapter 11
      Restructuring Issues
         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
   IP Rights In Bankruptcy
      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
   Non-Traditional Lenders and the Impact of Loan-to-Own
      Strategies on the Restructuring Process
         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
   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
   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/

BEARD AUDIO CONFERENCES
   Using Virtual Data Rooms to Expedite M&A and Insolvency
      Proceedings
         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/

The Meetings, Conferences and Seminars column appears in the Troubled
Company Reporter each Wednesday. Submissions via e-mail to
conferences@bankrupt.com are encouraged.


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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.

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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 D. 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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