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        T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

          Wednesday, November 28, 2007, Vol. 8, No. 236

                            Headlines


A U S T R I A

ABIS BAU: Claims Registration Period Ends December 5
DOLCETTO LLC: Claims Registration Period Ends December 3
ESEROVA & KINDERMANN: Claims Registration Period Ends Dec. 27
FORTAX LLC: Claims Registration Period Ends December 5


B E L G I U M

POPE & TALBOT: PwC Suggests Extension of Stay Period to Jan. 15
POPE & TALBOT: Obtains Interim Authority to Borrow Up to US$68MM
POPE & TALBOT: Obtains Interim Nod to Use of Cash Collateral
QUEBECOR WORLD: To Suspend Dividends on Preferred Shares


D E N M A R K

IKON OFFICE: Board Approves US$500 Mil. Common Stock Redemption


F I N L A N D

EXIDE TECH: Posts US$14.8 Mln Net Loss in Fiscal 2008 2nd Qtr.


F R A N C E

ALCATEL-LUCENT SA: Inks EUR750 Million Deal with Chinese Firms
CHARLES JOURDAN: French Court to Name Buyer to November 29
DOMAINE DE FAUGERAS: Files for Bankruptcy Protection
RHODIA SA: Moody's Holds Ba3 Rating on Strong Performance


G E R M A N Y

A-SOCKS GMBH: Claims Registration Period Ends December 7
AL & FA: Claims Registration Ends January 6, 2008
AONE VERWALTUNG: Claims Registration Period Ends December 7
AUTOVERLEIH LEUTE: Claims Registration Ends January 12, 2008
B + M MALERMEISTERBETRIEB: Claims Filing Ends January 14, 2008

BACK BOY: Claims Registration Ends January 3, 2008
BHB - HOLZ: Creditors' Meeting Slated for November 27
BRILLENBOUTIQUE WERNER: Claims Registration Period Ends Dec. 21
BTP BANTER: Claims Registration Period Ends December 10
CHARTER-TRUCK SPEDITION: Claims Registration Ends Jan. 9, 2008

CS COMPUTER: Claims Registration Ends January 4, 2008
DES ONLINEAUSKUNFT: Creditors' Meeting Slated for December 6
ERDL DRUCK: Claims Registration Period Ends Dec. 31
GENIUSMECHANICS SOFTWARE: Claims Registration Period Ends Dec. 4
H. + G. SCHEDING: Claims Registration Period Ends Dec. 31

HEINZ KUECKELMANN: Claims Registration Period Ends December 5
HOHNRATH PRINT: Claims Registration Period Ends Jan. 16, 2008
KASTNER & CALLWEY: Claims Registration Ends January 2, 2008
MAAT PROJEKTENTWICKLUNGSGESELLSCHAFT: Claims Filing Ends Dec. 6
NAUTINTEC CATAMARANS: Claims Registration Ends January 4, 2008

O & M VERTRIEBS: Claims Registration Period Ends Dec. 28
OMELUR GMBH: Claims Registration Period Ends November 28
PAHL EDELSTAHL: Claims Registration Ends January 3, 2008
PM TRADE: Claims Registration Ends January 4, 2008
REMI INNENPUTZ: Claims Registration Period Ends December 27

SECURITY UND SERVICE: Claims Registration Ends January 10, 2008
TERE NORDISCHE: Creditors' Meeting Slated for December 14
W. MOELLER: Claims Registration Period Ends December 17


I T A L Y

CARROZZERIA BERTONE: Files for Bankruptcy Protection


K A Z A K H S T A N

ALGA JYLU: Proof of Claim Deadline Slated for December 21
ASIA COMPANY-LTD: Creditors Must File Claims December 25
INTER TORG: Claims Filing Period Ends December 25
ISHIM PRODUCTION: Creditors' Claims Due on December 25
KAZELECTROSHIT-NT: Claims Registration Ends December 21

KEMENGER LTD: Proof of Claim Deadline Slated for December 21
MACCONNEL DAWEL: Creditors Must File Claims December 21
NORD ASTANA: Claims Filing Period Ends December 25
WEB MARKET: Creditors' Claims Due on December 21


K Y R G Y Z S T A N

AL-AHDUT LLC: Creditors Must File Claims by December 21
SIYAN KG: Proof of Claim Deadline Slated for December 21


N E T H E R L A N D S

X5 RETAIL: Earns US$13.15 Million for Third Quarter 2007
X5 RETAIL: Evgeny Kornilov to Replace Vitaliy Podolskiy as CFO


R U S S I A

ALGORITHM G CJSC: Creditors Must File Claims by Dec. 10
AL'MENDA CJSC: Creditors Must File Claims by Dec. 10
BRIDGE-TECHNIKA CJSC: Claims Filing Period Ends Jan. 10, 2008
CHERLAKSKIJ OJSC: Claims Filing Period Ends Jan. 10, 2008
DYAT'KOVSKIJ CRYSTAL: Asset Sale Slated for Dec. 10

ELECTRON-2 LLC: Bankruptcy Hearing Slated for Jan. 29, 2008
FORD MOTOR: Strike Continues Despite Initial Wage Agreement
METALLINVESTBANK: Moody's Puts Outlook to Neg. on B2/NP Ratings
MINE FIREFIGHTING: Creditors Must File Claims by Jan. 10, 2008
ROSNEFT OIL: Takes Over Yurubcheno-Tokhomskoye Oil Field License

S B CJSC: Creditors Must File Claims by Dec. 10
TNK-BP HOLDING: Units' Minority Owner Cry Rights Violations
X5 RETAIL: Earns US$13.15 Million for Third Quarter 2007
X5 RETAIL: Evgeny Kornilov to Replace Vitaliy Podolskiy as CFO


S P A I N

AYT CAIXA: Moody's Junks Series E1 & E2 Notes


S W I T Z E R L A N D

ARNOLD FUCHS: Schwyz Court Closes Bankruptcy Proceedings
B.COM INNOVATION: St. Gallen Court Closes Bankruptcy Proceedings
CHIMEX HANDEL: Lucerne Court Starts Bankruptcy Proceedings
ERGOLZ IMMOBILIEN: Creditors' Liquidation Claims Due by Nov. 30
FANTASY TOURS: Schwyz Court Closes Bankruptcy Proceedings

G10 SOFTWARE: Grisons Court Starts Bankruptcy Proceedings
H4T LLC: Creditors' Liquidation Claims Due by November 30
HAMBURGER HANDEL: Creditors' Liquidation Claim Due by December 3
HANS BOMMER: Creditors' Liquidation Claims Due by November 30
KELESTONE JSC: Creditors' Liquidation Claims Due by November 30

LILIENBERG UNTERNEHMERFORUM: Creditors Must File by November 29
LIWI HOLDING: Creditors' Liquidation Claims Due by December 7
MAN-IT LLC: Creditors' Liquidation Claims Due by December 3
PASTELFRA JSC: Creditors' Liquidation Claims Due by November 29
SUITI JSC: Creditors' Liquidation Claim Due by November 29


U K R A I N E

AGRICULTURAL UKRAINE: Proofs of Claim Filing Ends November 29
AGROBUILD LLC: Proofs of Claim Filing Ends November 29
DNIEPRO SPECIAL: Proofs of Claim Filing Ends November 29
KAMIANKA SUGAR: Proofs of Claim Filing Ends November 29
NIKA TV: Creditors Must File Claims by November 29

OUR HOUSE: Creditors Must File Claims by November 29
ROS-ELEVATOR LLC: Creditors Must File Claims by November 29
SHOSTKA CHEMICAL: Proofs of Claim Filing Ends November 29
UKRAGRO LLC: Creditors Must File Claims by November 30
VESELY KHUTOR: Creditors Must File Claims by November 29

VOZNESENSKAL AGRICULTURAL: Creditors Must File Claims by Nov. 30
ZGUROVKA BEET: Proofs of Claim Filing Ends November 29


U N I T E D   K I N G D O M

ASHFORD OVERLOAD: Appoints Tenon as Joint Administrators
BFS INVESTMENTS: FSCS Declares Firm in Default
BHE SPORTS: Appoints Joint Administrators from Vantis
BLOXWICH AUTOMOTIVE: Taps Grant Thornton as Administrators
BODYSHOP MANAGEMENT: Names Administrator from Tenon Recovery

CLARITY FINANCIAL: Calls In Liquidators from Tenon Recovery
DAVEY & CO: Names Philip Michael Lyon Liquidator
DTD CONCEPTS: Brings In Administrators from Grant Thornton
FORD MOTOR: Strike Continues Despite Initial Wage Agreement
FOSTER ENGINEERING: A. Poxon Leads Liquidation Procedure

HAIR & BEAUTY: Appoints Martin Dominic Pickard as Liquidator
HIGHLIGHT DIGITAL: Brings In Menzies to Administer Assets
J CHARLTON: Appoints Joint Administrators from KPMG
JS CHINN: 80 Parties Show Interest to Buy Company
MAYS ENGINEERING: Brings In Liquidators from Vantis

MONITOR OIL: Files for Bankruptcy Protection in New York
MONITOR OIL: Voluntary Chapter 11 Case Summary
MULTILAYER COMMUNICATIONS: Brings In Kroll to Administer Assets
PALS PRECISION: Appoints Ernst & Young to Administer Assets
PUB CLOTHES: Claims Filing Period Ends December 31

STONEHENGE LINEN: Taps Keith Aleric Stevens to Liquidate Assets
SUNGLOSS LTD: Hires Liquidators from Tenon Recovery
TEKTRONIX INC: Completes US$2.8 Bil. Merger Deal with Danaher
TRIFORM MOULDS: Taps Menzies as Joint Administrators
VOGUE CARS: Claims Filing Period Ends Jan. 1, 2008




                            *********


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


ABIS BAU: Claims Registration Period Ends December 5
----------------------------------------------------
Creditors owed money by LLC ABIS Bau (FN 63903a) have until
Dec. 5 to file written proofs of claim to court-appointed estate
administrator Wolfgang Winkler at:

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

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:00 a.m. on Dec. 19 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1606
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Oct. 23 (Bankr. Case No. 4 S 123/07a).  Maximilian
Schludermann represents Mag. Winkler in the bankruptcy
proceedings.


DOLCETTO LLC: Claims Registration Period Ends December 3
--------------------------------------------------------
Creditors owed money by LLC Dolcetto (FN 228969w) have until
Dec. 3 to file written proofs of claim to court-appointed estate
administrator Christopher Straberger at:

         Dr. Christopher Straberger
         Maria Theresia Strasse 19
         4600 Wels
         Austria
         Tel: 07242/47175, 47244
         Fax: 07242/641222
         E-mail: office@straberger.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:20 a.m. on Dec. 13 for the
examination of claims.

The meeting of creditors will be held at:

         The Land Court of Wels
         Hall 101
         First Floor
         Maria Theresia Strasse 12
         Wels
         Austria

Headquartered in Wels, Austria, the Debtor declared bankruptcy
on Oct. 23 (Bankr. Case No. 20 S 129/07g).


ESEROVA & KINDERMANN: Claims Registration Period Ends Dec. 27
-------------------------------------------------------------
Creditors owed money by LLC Eserova & Kindermann (FN 255721k)
have until Dec. 27 to file written proofs of claim to court-
appointed estate administrator Petra Diwok at:

         Mag. Petra Diwok
         Landstrasser Hauptstrasse 34
         1030 Vienna
         Austria
         Tel: 713 80 57
         Fax: 713 07 76
         E-mail: diwok@aon.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:10 a.m. on Jan. 9, 2008 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1707
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Oct. 23  (Bankr. Case No. 2 S 146/07v).


FORTAX LLC: Claims Registration Period Ends December 5
------------------------------------------------------
Creditors owed money by LLC Fortax (FN 282369z) have until
Dec. 5 to file written proofs of claim to court-appointed estate
administrator Horst Winkelmayr at:

         Mag. Horst Winkelmayr
         c/o  Dr. Carl Knittl
         Porzellangasse 22A/1/7
         1090 Vienna
         Austria
         Tel: 532 47 77
         Fax: 532 47 77 50
         E-mail: rae@kniwi.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:15 a.m. on Dec. 19 for the
examination of claims.

The meeting of creditors will be held at:

         The Trade Court of Vienna
         Room 1606
         Vienna
         Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Oct. 23 (Bankr. Case No. 4 S 122/07d).  Carl Knittl
represents Mag. Winkelmayr in the bankruptcy proceedings.


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


POPE & TALBOT: PwC Suggests Extension of Stay Period to Jan. 15
---------------------------------------------------------------
PricewaterhouseCoopers Inc., the court-appointed Monitor in Pope
& Talbot Inc. and its debtor-affiliates' CCAA proceedings, has
recommended to the Superior Court of Justice (Commercial List)
for the Province of Ontario, in Canada, that the Applicants'
request for an extension of the stay period to Jan. 15, 2008, be
granted.

As reported in the Troubled Company Reporter on Nov. 5, 2007,
the Hon. Justice Geoffrey B. Morawetz held that until and
including Nov. 23, 2007, no proceeding or enforcement process in
any court or tribunal will be commenced or continued against or
in respect of the Applicants, the Partnerships or
PricewaterhouseCoopers Inc., the court-appointed Monitor, or
affecting the Applicants' business or property except with the
written consent of the Applicants, the Partnerships and the
Monitor, or with leave of the CCAA Court.

The Monitor has asserted in its second report to Mr. Justice
Morawetz dated Nov. 20, 2007, that the Applicants require
additional time to determine and implement the appropriate next
steps toward their restructuring.

"An extension of the stay period is needed to provide the
stability required during that time," the Monitor said.

The Monitor believes that, based on information currently
available, creditors would not be materially prejudiced by an
extension of the stay period to Jan. 15, 2008.

"The Applicants have acted and are acting in good faith and with
due diligence and that circumstances exist that make an
extension of the stay period appropriate," the Monitor
maintained.

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other
OTC: PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood
products business.  Pope & Talbot was founded in 1849 and
produces market pulp and softwood lumber at mills in the US and
Canada.  Markets for the company's products include the US,
United Kingdom, Canada, South America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' initial CCAA Stay expires
on Nov. 23, 2007.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Laura Davis Jones, Esq. at Pachulski Ziehl &
Jones L.L.P. is Debtors' proposed bankruptcy counsel.  When the
Debtors filed for bankruptcy, they listed total assets of
US$681,960,000 and total debts of US$601,090,000.

The Debtors' exclusive period to file a plan expires on
March 18, 2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on
Nov. 21, 2007, filed an application for relief under Belgian
bankruptcy laws in the commercial court in Brussels.  If the
Belgian court grants Pope & Talbot Europe's application, it is
expected it will be liquidated through the bankruptcy
proceeding.  (Pope & Talbot Bankruptcy News, Issue No. 5;
Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


POPE & TALBOT: Obtains Interim Authority to Borrow Up to US$68MM
----------------------------------------------------------------
The United States Bankruptcy Court for the District of Delaware
has granted Pope & Talbot Inc. and its debtor-affiliates
authority, on an interim basis, to borrow up to US$68,000,000
from Wells Fargo, Ableco Finance, and other DIP lenders.

The Debtors related that their inability to obtain sufficient
liquidity and to make critical payments on certain obligations
on a timely basis would result in a permanent and irreplaceable
value to the detriment of their estates.  Thus, the Debtors
determined that they would require debtor-in-possession
financing to meet their ongoing liability needs.

After review and deliberation and in accordance with the advice
of Rothschild Inc., the Debtors entered into a DIP Loan
Agreement dated Nov. 19, 2007, with Wells Fargo Financial
Corporation Canada, as administrative agent, Ableco Finance LLC,
as collateral agent; and certain other lenders.

The DIP facility is comprised of:

   (1) a revolving credit facility of up to US$71,062,301, and

   (2) a multi-draw term loan B credit facility of up to
       US$18,000,000.

The DIP facility also includes a US$17,062,301 subfacility for
the issuance of letters of credit.

The DIP Loan Agreement is principally designed as a mechanism to
achieve the sales of substantially all of the Debtors' ongoing
business, Laura Davis Jones, Esq., at Pachulski Stang Ziehl &
Jones LLP, in Wilmington, Delaware, says.  The DIP Loan
Agreement contemplates that the proposed sales will be completed
prior to Feb. 15, 2008.

                          Loan Proceeds

Available financing and advances under the DIP Loan Agreement
will be made to fund the Debtors' working capital and general
corporate needs, including professional fees as approved by the
Court, the Court ruled.

Upon final approval of the DIP facility, proceeds of the DIP
loans will also be used to:

   -- repay all prepetition revolver obligations in full;

   -- pay all accrued and unpaid interest and letter of credit
      fees in respect of the DIP loans; and

   -- pay fees and expenses of the DIP lenders in respect of the
      DIP Loan Agreement and prepetition loan facilities.

The DIP lenders are granted superpriority administrative expense
status pursuant to Section 364(c)(1) of the Bankruptcy Code.

As security for the DIP obligations, the DIP lenders are
granted, subject and subordinate in priority of payment only to
the carve-out and the permitted priority liens:

   -- first priority, perfected security interests and liens, in
      and on all postpetition collateral,

   -- first priority, perfected security interests in and liens
      on all of the Debtors' currently owned and after acquired
      unencumbered property, and

   -- solely with respect to the term loan priority collateral,
      junior priority, perfected security interests in and liens
      on all of the Debtors' property.

                          Interest Rate

The revolver loans are subject to a 5% Eurodollar loan interest
and a 4% base rate loan interest.

The term loans are subject to a 9.75% Eurodollar loan interest
and a 8.75% base rate loan interest.

Upon an event of default, the loans are subject to default
interest at a rate of 2% in excess of the rate of interest
otherwise in effect.

                          Maturity Date

The DIP facility will terminate on the earlier of:

   (i) Feb. 15, 2008;

  (ii) the date of both (x) the effective date and substantial
       consummation of a chapter 11 plan of reorganization and
       (y) the effective date and implementation of a plan of
       compromise or arrangement in the CCAA proceedings;

(iii) 30 days after the entry of the applicable interim
       bankruptcy court order if the applicable final bankruptcy
       court order has not been entered by the U.S. Bankruptcy
       Court and if the Canadian DIP order has not been made by
       the Canadian bankruptcy court, in each case, on or prior
       to that date;

  (iv) the date on which the stay of the CCAA proceedings
       expires;

   (v) the date of the closing of a sale of all or substantially
       all of the the Debtors' assets pursuant to Section 363 of
       the Bankruptcy Code and the CCAA;

  (vi) an earlier date on which all DIP loans and other
       extensions of credit will become due and payable in
       accordance with the terms of DIP Loan Agreement and other
       DIP loan documents.

                            Carve Out

The DIP Loan Agreement contains a "carve-out" for the payment of
certain professional fees and the U.S. Trustee fees.  The scope
of the carve-out in the DIP Loan Agreement also provides carve-
outs for (i) the Debtors' operating expenses incurred pursuant
to the budget as of the acceleration date or the final maturity
date, (ii) accrued payroll and related expenses for the two-week
period immediately preceding any such date, and (iii) the
"Directors' Charge" provided in the CCAA initial order.

                              Fees

The Debtors will pay for the account of each revolving credit
lender, a commitment fee for the period from and including the
date of the DIP Loan Agreement to the last day of the revolving
credit commitment period.  The commitment fee is computed at the
commitment fee rate of 0.5% per annum on the average daily
amount of the available revolving credit commitment.

The Debtors will pay the lenders a non-refundable US$600,000 fee
at the closing of the DIP facility.

                         Other Provisions

The DIP facility also provides for mandatory prepayment
provisions, and customary events of default.

Until all fees and all other DIP obligations have been paid in
full, it will deemed an event of default under the DIP loan
documents if the Debtors fail to:

   A. In the case of the Debtors' wood products business:

      * obtain by Nov. 30, 2007, Court approval of procedures
        for sale of substantially all of the wood business
        assets;

      * conduct, on or before Dec. 20, 2007, one or more
        auctions for the sale of substantially all of the wood
        business assets;

      * obtain, on or before Jan. 8, 2008, Court approval of
        the sale of substantially all of the wood business
        assets; and

      * consummate no later than Jan. 31, 2008, one or more
        sale of substantially all of the wood business assets.

   B. In the case of the Debtors' pulp business

      * obtain by Dec. 7, 2007, Court approval of procedures
        for sale of substantially all of the pulp business
        assets;

      * conduct, on or before Jan. 22, 2008, one or more
        auctions for the sale of substantially all of the pulp
        business assets;

      * obtain, on or before Jan. 28, 2008, Court approval of
        the sale of substantially all of the pulp business
        assets; and

      * consummate no later than the final maturity date of the
        DIP loans, one or more sale of substantially all of the
        wood business assets.

A full-text copy of the DIP Loan Agreement is available for free
at http://researcharchives.com/t/s?25b7

The DIP motion is subject to approval of the Bankruptcy Court
and the CCAA Court.

                        Monitor's Comments

PricewaterhouseCoopers Inc., as monitor in the proceedings
commenced by the Debtors under the Companies' Creditors
Arrangement Act of Canada, says that while it has not been
involved in the negotiation of the DIP Loan Agreement, it
understands that the loan agreement represents the only
additional financing currently available to them.

Accordingly, the Monitor supports the Debtors' entering into the
DIP Loan Agreement.

The DIP Loan Agreement though, the Monitor points out, provides
significant restrictions and limitations on the Debtors' ability
to operate their businesses as well as restrictions on the
Debtors' restructuring alternatives, which include a compulsory
sale process and timeline.

"It is possible that the [Debtors] could be in default of its
obligations prior to the final maturity date, and the DIP lender
could exercise its enforcement rights and remedies under the DIP
Loan Agreement," Greg Watson, president of PwC, says.

According to the Monitor, it has informed the Debtors and the
DIP lenders of its preliminary observations with respect to the
timing of the sales process and the need to ensure that there is
sufficient time and ability for potential purchasers to fully
consider and participate in the sales process.  The Monitor
maintains that it intends to discuss the sales procedure and
timelines with the Debtors and the DIP lenders.

The Monitor adds that its counsel has completed a preliminary
review of the security granted by the Debtors to the lenders
under the DIP Lredit Agreement.  The Monitor's counsel has
concluded that the lenders' security are valid and enforceable
in accordance with their terms and perfected in registration in
Ontario.  The counsel is awaiting results necessary to confirm
similar conclusions with respect to British Columbia.

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other
OTC: PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood
products business.  Pope & Talbot was founded in 1849 and
produces market pulp and softwood lumber at mills in the US and
Canada.  Markets for the company's products include the US,
United Kingdom, Canada, South America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' initial CCAA Stay expires
on Nov. 23, 2007.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Laura Davis Jones, Esq. at Pachulski Ziehl &
Jones L.L.P. is Debtors' proposed bankruptcy counsel.  When the
Debtors filed for bankruptcy, they listed total assets of
US$681,960,000 and total debts of US$601,090,000.

The Debtors' exclusive period to file a plan expires on
March 18, 2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on
Nov. 21, 2007, filed an application for relief under Belgian
bankruptcy laws in the commercial court in Brussels.  If the
Belgian court grants Pope & Talbot Europe's application, it is
expected it will be liquidated through the bankruptcy
proceeding.  (Pope & Talbot Bankruptcy News, Issue No. 5;
Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).



POPE & TALBOT: Obtains Interim Nod to Use of Cash Collateral
------------------------------------------------------------
The United States Bankruptcy Court for the District of Delaware
has granted Pope & Talbot Inc. and its debtor-affiliates,
authority, on an interim basis, to use the lenders' cash
collateral in the Debtors' existing bank operating accounts in
an amount not to exceed US$14,800,000.

Prior to the bankruptcy filing, the Debtors borrowed money from
Wells Fargo Financial Corporation Canada, as administrative
agent;
Ableco Finance LLC, as term loan B agent and collateral agent;
and certain other lenders pursuant to a credit agreement dated
June 2006, as subsequently amended.  The prepetition credit
agreement provided for:

   * a term loan B facility of US$130.5 million,
   * a term loan C facility of US$119.5 million, and
   * a revolving credit facility of up to US$75 million.

The Debtors other than Pope & Talbot Ltd. guaranteed P&T Ltd.'s
obligations under the prepetition credit agreement.  P&T Ltd.'s
prepetition obligations and the Debtor guarantors' obligations
are secured by substantially all of the Debtors' assets.

As of Oct. 29, 2007, the Debtors' prepetition obligations that
remained outstanding are:

                                              Aggregate
     Category                                Principal Amt.
     --------                                --------------
     Prepetition revolving loan obligations    US$37,196,614
     Prepetition term loan obligations        US$185,440,383
     Prepetition letters of credit             US$17,155,183
     Prepetition bank product obligations       US$7,944,908

Pursuant to a Forbearance Agreement with the Debtors, the
prepetition lenders implemented a mechanism for sweeping the
Debtors' bank accounts on a daily basis prior to the bankruptcy
filing.  Accordingly, the Debtors had minimal cash on hand as of
Oct. 28, 2007, the date they filed for voluntary application
under the Companies' Creditors Arrangement Act.

Subsequently, pursuant to the CCAA initial order, the
prepetition lenders were stayed from sweeping cash from P&T
Ltd.'s bank accounts and the Debtors were authorized to use the
cash that they had in their accounts and any cash receipts from
their outstanding accounts.

As of the bankruptcy filing, the Debtors estimate that they have
approximately US$4,000,000 in their bank accounts.

Pope & Talbot Inc. president and chief executive officer Harold
N. Stanton says that the Debtors require the continued use of
any cash that they may have, as well as any cash receipts from
outstanding accounts that they receive after the bankruptcy
filing, to continue to (i) finance their operations, (ii) make
essential payments like employee wages, payroll and other taxes,
and (iii) for the purchase of goods, materials and other general
corporate and working capital purposes in the ordinary course of
the Debtors' businesses.

The Debtors, with the assistance of advisors, have prepared a
weekly projection of their cash and expenditures for the
14 weeks.  A full-text copy of the Debtors' forecast of cash
flows commencing as of the week ending Nov. 2, 2007, through and
including the week ending Feb. 29, 2008, is available for
free at http://researcharchives.com/t/s?25bc

As adequate protection for the diminution in value or amount of
the prepetition collateral, the prepetition lenders will be
granted superpriority administrative expenses claims and
replacement liens in the postpetition collateral.

Pope & Talbot Inc. president and chief executive officer Harold
N. Stanton clarifies that the cash collateral use will be
subject to the prior written consent of the prepetition lenders
as to amount and use.

Any committee or party-in-interest may challenge the validity,
priority, enforceability, amount or extent of the lenders' lien.
Any committee appointed in the case or any other party-in-
interest with requisite standing may commence an action until:

   (i) 60 days after the appointment by the U.S. Trustee of a
       statutory creditors' committee in the Debtors' cases; or

  (ii) 75 days after the entry of a final DIP order if no
       creditors' committee is appointed.

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other
OTC: PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood
products business.  Pope & Talbot was founded in 1849 and
produces market pulp and softwood lumber at mills in the US and
Canada.  Markets for the company's products include the US,
United Kingdom, Canada, South America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' initial CCAA Stay expires
on Nov. 23, 2007.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Laura Davis Jones, Esq. at Pachulski Ziehl &
Jones L.L.P. is Debtors' proposed bankruptcy counsel.  When the
Debtors filed for bankruptcy, they listed total assets of
US$681,960,000 and total debts of US$601,090,000.

The Debtors' exclusive period to file a plan expires on
March 18, 2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on
Nov. 21, 2007, filed an application for relief under Belgian
bankruptcy laws in the commercial court in Brussels.  If the
Belgian court grants Pope & Talbot Europe's application, it is
expected it will be liquidated through the bankruptcy
proceeding.  (Pope & Talbot Bankruptcy News, Issue No. 5;
Bankruptcy Creditors' Service Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).


QUEBECOR WORLD: To Suspend Dividends on Preferred Shares
--------------------------------------------------------
Quebecor World Inc. is suspending dividend payments on its
Series 3 and Series 5 Preferred Shares.  While the company has
the funds available to pay such dividends, it has been advised
by counsel that as a result of recent developments, the company
may be prevented from paying dividends to holders of its
preferred shares because it may not satisfy the applicable
capital adequacy test contained in the Canada Business
Corporations Act.

In order to rectify this situation, the company intends to
propose to its shareholders at its next annual shareholders
meeting scheduled for May 2008 a reduction of stated capital as
permitted under the CBCA to allow the company to resume paying
dividends, including accrued, unpaid dividends.

The company notes that the dividends on the Series 3 and Series
5 preferred shares (including dividends that were to be paid on
Dec. 1, 2007) are cumulative and holders will be entitled to
receive unpaid dividends, when declared by the Board of
Directors, at such time as the company is permitted to resume
the payment of dividends.

The company also disclosed that one of its directors, Robert
Coallier has resigned from the Board of Directors for personal
reasons which are unrelated to the announcement.

Headquartered in Montreal, Quebec, Quebecor World Inc. (TSX:
IQW)(NYSE:IQW), -- http://www.quebecorworldinc.com/-- provides
market solutions, including marketing and advertising
activities, well as print solutions to retailers, branded goods
companies, catalogers and to publishers of magazines, books and
other printed media.  It has 127 printing and related facilities
located in North America, Europe, Latin America and Asia.  In
the United States, it has 82 facilities in 30 states, and is
engaged in the printing of books, magazines, directories, retail
inserts, catalogs and direct mail.  In Canada it has 17
facilities in five provinces, through which it offers a mix of
printed products and related value-added services to the
Canadian market and internationally.  The company is an
independent commercial printer in Europe with 19 facilities,
operating in Austria, Belgium, Finland, France, Spain, Sweden,
Switzerland and the United Kingdom. In March 2007, it sold its
facility in Lille, France.  Quebecor World (USA) Inc. is its
wholly owned subsidiary.

                          *     *     *

As reported in yesterday's Troubled Company Reporter, Moody's
Investors Service placed Quebecor World Inc.'s long term debt
ratings on review for possible downgrade and downgraded the
company's speculative grade liquidity rating to SGL-4
(indicating poor liquidity).  The rating action responds to the
company's Nov. 20 announcement that "adverse current financial
market conditions" had caused it to withdraw "its refinancing
plan involving an offer of approximately CDNUS$250 million of
its equity shares, an offer on a private placement basis of an
aggregate of US$500 million of new debt securities and
amendments to the Company's secured credit facilities".

Moody's also placed these ratings on review for possible
downgrade: B3 Corporate Family Rating; Caa1 Senior Unsecured
Regular Bond/Debenture; and B3 Probability of Default Rating,
Placed.

As reported in the Troubled Company Reporter on Nov. 22, 2007
Standard & Poor's Ratings Services has lowered its ratings on
Quebecor World Inc. by one notch, including the long-term
corporate credit rating to 'B-' from 'B'.


=============
D E N M A R K
=============


IKON OFFICE: Board Approves US$500 Mil. Common Stock Redemption
---------------------------------------------------------------
IKON Office Solutions' board of directors has approved the
repurchase of US$500 million of its common stock.  IKON intends
to repurchase up to US$295 million of its common stock through a
modified "Dutch Auction" self-tender offer at a price of not
less than US$13 per share or more than US$15 per share.

The minimum tender price represents a premium of around 21% over
IKON's closing stock price of US$10.77 on Nov. 19, 2007.  The
tender offer is expected to commence on Nov. 21, 2007, and will
be subject to certain conditions, including the receipt of
financing.

The company plans to repurchase the difference between
US$500 million and the amount repurchased through the tender
offer during the balance of fiscal 2008.  The rate and pace of
these share repurchases will be subject to financing and market
conditions, as well as applicable regulations.

This statement follows an increase by IKON's board of directors
of its share repurchase program authorization to US$1.1 billion
in total.  Since program inception and assuming completion of
the US$500 million share repurchase plan, IKON will have
repurchased nearly US$1 billion of its shares under its share
repurchase program.  The company plans to finance these share
purchases through a combination of cash and incremental
borrowings.

IKON also has entered into an amended confidentiality agreement
with Steel Partners II L.P., pursuant to which Steel Partners
has agreed to refrain from taking certain actions with respect
to its investment in IKON through May 2009, subject to
completion of the pending repurchase plan.

"We are returning immediate value to our shareholders through
this tender offer," Matthew J. Espe, IKON's chairman and chief
executive officer, said.  "Our share repurchase program has been
an integral part of our capital strategy for several years, and
the decision to accelerate this program reflects our belief that
our shares are currently undervalued.  We are also pleased to
announce our agreement with Steel Partners, who remains
supportive of our ongoing repurchase strategy."

The company plans to provide an update on the expected impact of
the share repurchase plan, including any associated non-
recurring charges, as well as related guidance for fiscal year
2008 during its earnings conference call in January 2008.  The
company does not expect the tender offer to have a material
impact on its first quarter fiscal 2008 financial results,
excluding any non-recurring charges it may incur.

                        About Ikon Office

Headquartered in Malvern, Pennsylvania, IKON Office Solutions
Inc. (NYSE:IKN) -- http://www.ikon.com/-- is an independent
channel for copier, printer and MFP technologies.  It delivers
integrated document management solutions and systems, enabling
customers worldwide to improve document workflow and increase
efficiency.  IKON has approximately 25,000 employees in over 400
locations throughout North America and Western Europe.  In
Europe, IKON maintains operations in Spain, Denmark,
Switzerland, United Kingdom, Sweden, The Netherlands, Italy, and
Germany.

                          *     *     *

As reported in the Troubled Company Reporter on Nov. 23, 2007,
Moody's Investors Service placed the ratings of IKON Office
Solutions under review for possible downgrade.  Ratings under
review include: (i) corporate family rating of Ba2; (ii)
probability of default rating of Ba2; (iii) senior unsecured
US$14 million, notes due 2008 at Ba3, LGD 4, 64%; (iv) senior
unsecured US$225 million, notes due 2015 at Ba3, LGD 4, 64%; (v)
senior unsecured US$260 million notes due 2025 at Ba3, LGD 4,
64%; and (vi) senior unsecured US$95 million notes due 2027 at
Ba3,LGD 4, 64%.

Standard & Poor's Ratings Services placed its 'BB' corporate
credit rating on IKON Office Solutions Inc. on CreditWatch with
negative implications.


=============
F I N L A N D
=============


EXIDE TECH: Posts US$14.8 Mln Net Loss in Fiscal 2008 2nd Qtr.
--------------------------------------------------------------
Exide Technologies reported its financial results for its fiscal
2008 second quarter, which ended Sept. 30, 2007.

The company reported a net loss of US$14.8 million for the
second quarter of fiscal 2008 as compared with a net loss of
US$35.1 million in the second quarter of fiscal 2007.  Included
in the current period's net loss was a non-cash tax charge of
US$16.7 million resulting from an adjustment to the company's
net deferred tax asset in Germany to recognize the impact of a
lower corporate tax rate.

Foreign currency remeasurement gains in the current quarter
aggregated US$9.6 million compared with a US$1.3 million
remeasurement loss in the prior year period favorably impacting
year-over-year pre-tax results by US$10.9 million.

Operationally, gross profit aggregated US$130.3 million in the
second quarter of fiscal 2008, an increase of US$24.9 million
over the prior year comparable period. Increased gross profit
resulted principally from higher pricing and continued improved
manufacturing performance, partially offset by the rapid
escalation of lead costs and recognition of an incremental
US$4.5 million environmental remediation provision.

Total selling, general, and administrative expenses for the
second quarter of fiscal 2008 amounted to US$107.9 million
compared with US$102.3 million in the fiscal 2007 second
quarter.  The fiscal 2008 second quarter costs were unfavorably
impacted by the weaker U.S. dollar, but were also impacted by
targeted incremental marketing spending.

The net loss for the first half of fiscal 2008 was
US$50.5 million and compared with a net loss of US$73.0 million
in the comparable prior year period.  In addition to the
aforementioned tax charge in the second quarter of fiscal 2008,
current year six month results were unfavorably impacted by the
US$21.3 million loss on early debt extinguishment disclosed in
the company's 10-Q for the first quarter of this fiscal year,
associated with the company's lower cost refinancing effort.

                  Liquidity and Capital Resources

As of Sept. 30, 2007, the company had total liquidity of
US$167.7 million consisting of cash and cash equivalents of
US$91.6 million and availability under the company's revolving
loan facility and other loan facilities of US$40.1 million and
US$36.0 million.  This compared to a total liquidity position of
US$145.9 million at March 31, 2007, consisting of cash and cash
equivalents of US$76.2 million and availability under the
revolving loan facility and other credit facilities of
US$59.3 million and US$10.4 million.

At Sept. 30, 2007, the company's balance sheet showed total
assets of US$2.39 billion, total liabilities of US$2.0 billion
and total shareholders' equity of US$394.7 million.

                     About Exide Technologies

Headquartered in Princeton, New Jersey, Exide Technologies
(NASDAQ: XIDE) -- http://www.exide.com/-- manufactures and
distributes lead acid batteries and other related electrical
energy storage products.  The company filed for chapter 11
protection on Apr. 14, 2002 (Bankr. Del. Case No. 02-11125).
Matthew N. Kleiman, Esq., and Kirk A. Kennedy, Esq., at Kirkland
& Ellis, represented the Debtors in their successful
restructuring.  The Court confirmed Exide's Amended Joint
Chapter 11 Plan on April 20, 2004.  The plan took effect on
May 5, 2004.

The company has operations in 89 countries, including,
Australia, India, Finland, Poland, New Zealand, among others.

                          *     *     *

Moody's Investor Service placed Exide Technologies' senior
secured debt and probability of default ratings at 'Caa1' in
September 2006.  The ratings still hold to date with a stable
outlook.


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


ALCATEL-LUCENT SA: Inks EUR750 Million Deal with Chinese Firms
--------------------------------------------------------------
Alcatel-Lucent S.A. has formally signed a package of frame
agreements with a combined value of up to EUR750 million for
mobile communications solutions and services with China Mobile
and China Unicom, leading Chinese mobile service providers.

Part of these agreements was previously announced.  They were
secured through Alcatel-Lucent's flagship company in China,
Alcatel Shanghai Bell, and French President Nicolas Sarkozy and
Chinese President Hu Jintao took part in the formal signing
ceremony held today in Beijing.

The solutions Alcatel-Lucent is providing are enabling China
Mobile and China Unicom to dramatically expand the capacity and
coverage of their mobile networks so that they can continue to
meet the robust demand for mobile services in China.

Under the terms of the EUR600 million agreement with China
Mobile, Alcatel-Lucent is providing end-to-end mobile solutions
supporting China Mobile's extensive network expansion plans.
The solution includes GSM/GPRS/EDGE radio and core networking
equipment, mobile applications, IP routers and optical
networking equipment. Alcatel-Lucent also is providing China
Mobile with a TD-SCDMA solution being implemented in the
operator's trial network and will support services such as Video
Streaming, WAP and Personal Ring Back Tone.

The agreement with China Unicom, valued at EUR150 million,
encompasses a range of industry-leading, end-to-end solutions
including CDMA networking equipment, GSM/GPRS radio and core
networking equipment, mobile applications, IP routers, optical
networking equipment and related services to support China
Unicom's network deployment and expansion.  In addition, the
agreement includes the expansion and upgrade of China Unicom's
third-generation (3G) CDMA1xEVDO, a high-speed data network in
Macau.

"China Mobile and Alcatel-Lucent have established a strong
relationship through years of close cooperation," said Wang
Jianzhou, President of China Mobile Communications Corporation.
"Alcatel-Lucent's diverse portfolio and first-class service will
enable us to deliver innovative and useful new services to our
customers throughout China."

"Alcatel-Lucent and China Unicom are in long-term cooperation
partnership," said Chang Xiaobing, Chairman of China United
Telecommunications Corporation. "I believe the agreement we
signed today will facilitate our business successes."

"We are delighted and proud that both China Mobile and China
Unicom selected Alcatel-Lucent to play such a significant role
in their network expansion projects and see it as a testament to
the quality and innovation of our solutions," said Frederic
Rose, President of Alcatel-Lucent's business in Europe, Middle
East, Africa and Asiaand President of Alcatel Shanghai Bell.
"Alcatel-Lucent has experienced a significant year in China with
an increased market share in both fixed and mobile market
sectors. We are committed to continue supporting our Chinese
customers through our flagship company, Alcatel Shanghai Bell."

These contracts further strengthen Alcatel-Lucent's position as
one of the leading mobile communications suppliers in the
Chinese market and follow similar agreements Alcatel-Lucent
signed with both operators in May to support the expansion of
the their respective mobile communications networks.

                       About Alcatel-Lucent

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

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

                          *     *     *

As reported in the TCR-Europe Nov. 9, 2007, Moody's Investors
Service downgraded to Ba3 from Ba2 the Corporate Family Rating
of Alcatel-Lucent.   The ratings for senior debt of the group
were equally lowered to Ba3 from Ba2 and the trust preferred
notes of Lucent Technologies Capital Trust I have been
downgraded to B2 from B1.  At the same time, Moody's affirmed
its Not-Prime rating for short-term debt of Alcatel-Lucent.
Moody's said the outlook for the ratings is stable.

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


CHARLES JOURDAN: French Court to Name Buyer to November 29
----------------------------------------------------------
The Commercial Court of Romans-sur-Isere in Drome, France,
postponed a decision to name a buyer for Charles Jourdan SAS
until Nov. 29, 2007, The Financial Times reports citing Les
Echos as its source.

According to Les Echos, potential buyers for Charles Jourdan
includes French group Repetto and U.S. firm Omniscent.

Headquartered in Romans Sur Isere, France, Charles Jourdan --
http://www.charles-jourdan.fr/-- manufactures luxury footwear.

As previously reported in the TCR-Europe on Oct. 2, 2007, the
court placed Charles Jourdan in compulsory administration on
Sept. 12, 2007, after it filed for redressment judiciaire, the
French equivalent of Chapter 11 bankruptcy protection, for the
second time.

The company first filed for bankruptcy on Aug. 22, 2005.
Avendis and Finaluxe bought the company on Nov. 2, 2005.


DOMAINE DE FAUGERAS: Files for Bankruptcy Protection
----------------------------------------------------
Domaine de Faugeras has filed for bankruptcy protection, the
Financial Times reports citing Les Echos as its source.

According to the report, the site and structure of the hotel
have attracted interest from potential buyers.

Headquartered in Limoges, France, Domaine de Faugeras --
http://www.domainedefaugeras.com/-- is a luxury four-star hotel
restaurant.  The company opened at the beginning of 2007.


RHODIA SA: Moody's Holds Ba3 Rating on Strong Performance
---------------------------------------------------------
Moody's Investors Service affirmed Rhodia S.A. Corporate Family
Rating at Ba3.  The outlook has been changed to Positive from
Stable.

Moody's affirmation of Rhodia's Corporate Family Rating reflects
the continuous strength in the operating performance of the
group underpinned by the improved business profile of the
issuer.  The affirmation also recognizes Rhodia's substantial
improvement in profitability over the first nine months of
fiscal year 2007 with a 210bps increase in reported recurring
EBITDA margin to 15.7% despite adverse raw materials, energy
costs and foreign exchange environment.  The company's ability
to pass increases in raw material prices to its customers
through higher sales prices demonstrates the successful
realignment of the group's portfolio and the strengthening of
its market positions in selected core businesses.

Finally Moody's highlights the company's focus on Free Cash Flow
generation (EUR41 million FCF generated over nine months to
Sept. 30, 2007) and on steady deleveraging of the balance sheet
as supportive factors for the rating.  However it is noted that
debt metrics remain elevated for the rating category as Rhodia
still carries sizeable pension liabilities, which accounted for
approximately 30% of total adjusted debt in 2006.

The change in the outlook from Stable to Positive assumes
further improvement in the operating performance of the group
supported by continued pricing power, supportive demand in key
business areas and continuous earnings flow from the CER trading
activities of the group, which have strongly contributed to the
earnings of Rhodia over the nine months to Sept. 30, 2007.
Rhodia has confirmed its targets to generate Free Cash Flow of
more than EUR100 million for the fiscal year ending
Dec. 31, 2007 during its third quarter results and Moody's
expects the issuer to continue focusing on generating strong
Free Cash Flow into fiscal year 2008 to further strengthen its
financial profile.

Rhodia has already made strong inroads in further improving its
debt metrics by announcing that they will reach reported Net
Debt/Recurring EBITDA target of below 2.0x at the end of fiscal
year end 2007, i.e. one year ahead of schedule.  The refinancing
of the issuer's high-cost legacy notes is also expected to
contribute to the improvement in Free Cash Flow generation
beside the fact that the maturity profile of Rhodia's debt has
been strengthened.

Rhodia maintains a good liquidity position.  Moody's expects the
liquidity needs over the next twelve months consisting mainly of
capex funding needs to be covered by operating cash flows.
Moody's gains additional comfort from the company's available
cash balances (EUR361 million reported at Sept. 30, 2007) as
well as from the substantial headroom under the company's multi-
year EUR600 million revolving credit facility and the absence of
material short-term maturities within the next 12 months.

These ratings of Rhodia S.A. were affirmed:

   -- Corporate Family Rating at Ba3;

   -- Probability of Default Rating at Ba3;

   -- Rhodia S.A. Senior Unsecured rating at B1, LGD4 (69%);

   -- Rhodia S.A. Senior convertible notes rating at B1, LGD4
      (69%).

Rhodia S.A., headquartered in Paris, France, is a diversified
specialty chemicals group with leading market positions in most
of its business applications.  Rhodia reported revenues of
EUR3.81 billion and a recurring EBITDA of EUR600 million for the
first nine months to Sept. 30, 2007.


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


A-SOCKS GMBH: Claims Registration Period Ends December 7
--------------------------------------------------------
Creditors of A-Socks GmbH have until Dec. 7 to register their
claims with court-appointed insolvency manager Hans Raab.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Jan. 18, 2008, 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 Ansbach
         Meeting Room 1
         Ground Floor
         Promenade 8
         91522 Ansbach
         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 Raab
         Marktstr. 1
         91448 Emskirchen
         Germany
         Tel: 09104 829418
         Fax: 09104 829 441

The District Court of Ansbach opened bankruptcy proceedings
against A-Socks GmbH on Nov. 8.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         A-Socks GmbH
         Ludwig-Erhard-Strasse 3
         91639 Wolframs-Eschenbach
         Germany


AL & FA: Claims Registration Ends January 6, 2008
-------------------------------------------------
Creditors of AL & FA GmbH have until Jan. 6, 2008, to register
their claims with court-appointed insolvency manager Hartmut
Mitze.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on Feb. 6, 2008, 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 Marburg/Lahn
         Hall 157
         Universitatsstrasse 48
         35037 Marburg/Lahn
         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:

         Hartmut Mitze
         Jahnstrasse 18
         35066 Frankenberg
         Germany
         Tel: 06451/71919-22
         Fax: 06451/7191921

The District Court of Marburg/Lahn opened bankruptcy proceedings
against AL & FA GmbH on Nov. 6.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         AL & FA GmbH
         Attn: Fatih Ardic and Ali Serin, Managers
         Dresdener Strasse 36
         35260 Stadtallendorf
         Germany


AONE VERWALTUNG: Claims Registration Period Ends December 7
-----------------------------------------------------------
Creditors of AONE Verwaltung GmbH have until Dec. 7 to register
their claims with court-appointed insolvency manager Karsten
Toetter.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on Jan. 7, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Karsten Toetter
         Speersort 4/6
         20095 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against AONE Verwaltung GmbH on Nov. 7.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         AONE Verwaltung GmbH
         Attn: Thorsten Rene Naggatis, Manager
         Steindamm 39
         20099 Hamburg
         Germany


AUTOVERLEIH LEUTE: Claims Registration Ends January 12, 2008
------------------------------------------------------------
Creditors of Autoverleih Leute GmbH have until Jan. 12, 2008 to
register their claims with court-appointed insolvency manager
Thomas Steger.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Jan. 25, 2008, 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 Neuenahr-Ahrweiler
         Hall 4
         Wilhelmstrasse 55-57
         53474 Bad Neuenahr-Ahrweiler
         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:

         Thomas Steger
         Koelnstr. 135
         53757 St. Augustin
         Germany
         Tel: 02241-90600
         Fax: 02241-906090
         E-mail: kanzlei@kalker-fahnster.de

The District Court of Bad Neuenahr-Ahrweiler opened bankruptcy
proceedings against Autoverleih Leute GmbH on Oct. 17.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Autoverleih Leute GmbH
         Rheinallee 8
         53489 Sinzig
         Germany

         Attn: Sabine Leute, Manager
         Linzer Str. 11
         53489 Sinzig
         Germany


B + M MALERMEISTERBETRIEB: Claims Filing Ends January 14, 2008
--------------------------------------------------------------
Creditors of B + M Malermeisterbetrieb GmbH have until
Jan. 14, 2008, to register their claims with court-appointed
insolvency manager Dirk Oelbermann.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on Feb. 7, 2008, 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 Syke
         Hall 112
         Hauptstr. 5A
         28857 Syke
         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:

          Dirk Oelbermann
          Ostertorsteinweg 74/75
          28203 Bremen
          Germany
          Tel: (0421)792 57-0
          Fax: (0421)792 57-57

The District Court of Syke opened bankruptcy proceedings against
B + M Malermeisterbetrieb GmbH on Nov. 2.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

          B + M Malermeisterbetrieb GmbH
          Hauptstrasse 83A
          49448 Lemfoerde-Marl
          Germany


BACK BOY: Claims Registration Ends January 3, 2008
--------------------------------------------------
Creditors of BACK BOY GmbH & Co. KG have until Jan. 3, 2008, to
register their claims with court-appointed insolvency manager
Heinrich C. Friedhoff.

Creditors and other interested parties are encouraged to attend
the meeting at 10:20 a.m. on Jan. 30, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cologne
         12th Floor
         Room 1240
         Luxemburger Str. 101
         50939 Cologne
         Germany

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

The insolvency manager can be reached at:

         Heinrich C. Friedhoff
         Bismarckstr. 27-29
         50762 Cologne
         Germany
         Tel: 0221-952751-17
         Fax: 0221-952751-16

The District Court of Cologne opened bankruptcy proceedings
against BACK BOY GmbH & Co. KG on Nov. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         BACK BOY GmbH & Co. KG
         Attn: Jan Lawrenz, Manager
         Ernst-Heinrich-Geist-Str. 26 - 28
         50226 Frechen
         Germany


BHB - HOLZ: Creditors' Meeting Slated for November 27
-----------------------------------------------------
The court-appointed insolvency manager for BHB - Holz GmbH,
Hartwig Albers, will present his first report on the Company's
insolvency proceedings at a creditors' meeting at 9:15 a.m. on
Nov. 27.

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

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

The Court will also verify the claims set out in the insolvency
manager's report at 9:50 a.m. on March 11, 2008, at the same
venue.

Creditors have until Jan. 20, 2008 to register their claims with
the court-appointed insolvency manager.

The insolvency manager can be reached at:

         Hartwig Albers
         Luetzowstr. 100
         10785 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against BHB - Holz GmbH on Oct. 23.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         BHB - Holz GmbH
         Eginhardstr. 22
         10318 Berlin
         Germany


BRILLENBOUTIQUE WERNER: Claims Registration Period Ends Dec. 21
---------------------------------------------------------------
Creditors of Brillenboutique Werner Goepel GmbH have until
Dec. 21 to register their claims with court-appointed insolvency
manager Ruediger Stoll.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Jan. 30, 2008, 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 1.28
         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:

         Ruediger Stoll
         Sankt Augustiner Strasse 94 a
         53225 Bonn
         Germany
         Tel: 0228/ 400 94-160
         Fax: 40 09 479

The District Court of Bonn opened bankruptcy proceedings against
Brillenboutique Werner Goepel GmbH on Nov. 1.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Brillenboutique Werner Goepel GmbH
         Bonngasse 27
         53111 Bonn
         Germany

         Attn: Holger Dirk Goepel, Manager
         Celsiusstr. 13
         53125 Bonn
         Germany


BTP BANTER: Claims Registration Period Ends December 10
-------------------------------------------------------
Creditors of BTP Banter See Projektgesellschaft mbH have until
Dec. 10 to register their claims with court-appointed insolvency
manager Dr. Christoph Niering.

Creditors and other interested parties are encouraged to attend
the meeting at 10:45 a.m. on Jan. 16, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cologne
         Meeting Hall 142
         First Floor
         Luxemburger Strasse 101
         50939 Cologne
         Germany

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

The insolvency manager can be reached at:

         Dr. Christoph Niering
         Brabanter Str. 2
         50674 Koeln
         Germany
         Tel: 99 22 30-0
         Fax: +4922199223035

The District Court of Cologne opened bankruptcy proceedings
against BTP Banter See Projektgesellschaft mbH on Nov. 8.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         BTP Banter See Projektgesellschaft mbH
         Attn: Dieter Kolb, Manager
         Lindenallee 43
         50968 Koeln
         Germany


CHARTER-TRUCK SPEDITION: Claims Registration Ends Jan. 9, 2008
--------------------------------------------------------------
Creditors of CHARTER-TRUCK Spedition GmbH have until Jan. 9,
2008, to register their claims with court-appointed insolvency
manager Dr. Achim Ahrendt.

Creditors and other interested parties are encouraged to attend
the meeting at 9:10 a.m. on Feb. 6, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Dr. Achim Ahrendt
         Albert-Einstein-Ring 11/15
         22761 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against CHARTER-TRUCK Spedition GmbH on Nov. 8.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         CHARTER-TRUCK Spedition GmbH
         Attn: Joerg Hilker, Manager
         Flagentwiet 21
         22457 Hamburg
         Germany


CS COMPUTER: Claims Registration Ends January 4, 2008
-----------------------------------------------------
Creditors of CS Computer GmbH have until Jan. 4, 2008, to
register their claims with court-appointed insolvency manager
Andreas Pantlen.

Creditors and other interested parties are encouraged to attend
the meeting on Feb. 4, 2008, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Moenchengladbach
         Meeting Hall A 14
         Ground Floor
         Hohenzollernstr. 157
         41061 Moenchengladbach
         Germany

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

The insolvency manager can be reached at:

         Andreas Pantlen
         Fliethstrasse 112
         41061 Moenchengladbach
         Tel: 02161 / 2470646
         Fax: 02161 / 2470647

The District Court of Moenchengladbach opened bankruptcy
proceedings against CS Computer GmbH on Nov. 5.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         CS Computer GmbH
         Sophienstrasse 37 a
         41065 Moenchengladbach
         Germany

         Attn: Dirk Noeller, Manager
         Brucknerallee 59
         41236 Moenchengladbach
         Germany


DES ONLINEAUSKUNFT: Creditors' Meeting Slated for December 6
------------------------------------------------------------
The court-appointed insolvency manager for DES onlineauskunft
Marketinggesellschaft mbH, Dr. Joachim Heitsch will present his
first report on the Company's insolvency proceedings at a
creditors' meeting at 10:25 a.m. on Dec. 6.

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

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

The Court will also verify the claims set out in the insolvency
manager's report at 10:00 a.m. on March 13, 2008, at the same
venue.

Creditors have until Jan. 17, 2008, to register their claims
with the court-appointed insolvency manager.

The insolvency manager can be reached at:

         Dr. Joachim Heitsch
         Berliner Str. 117
         10713 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against DES onlineauskunft Marketinggesellschaft mbH
on Oct. 18.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         DES onlineauskunft Marketinggesellschaft mbH
         Kochstr. 22
         10969 Berlin
         Germany


ERDL DRUCK: Claims Registration Period Ends Dec. 31
---------------------------------------------------
Creditors of Erdl Druck Medien GmbH & Co. KG have until Dec. 31
to register their claims with court-appointed insolvency manager
Severin Kiesl.

Creditors and other interested parties are encouraged to attend
the meeting at 1:00 p.m. on Jan. 22, 2008, 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 Traunstein
         Meeting Hall C 001
         Herzog-Otto-Str. 1
         83278 Traunstein
         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:

         Severin Kiesl
         Stollstr. 5
         83022 Rosenheim
         Germany
         Tel: 08031/380960
         Fax: 08031/13892

The District Court of Traunstein opened bankruptcy proceedings
against Erdl Druck Medien GmbH & Co. KG on Nov. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Erdl Druck Medien GmbH & Co. KG
         Gabelsbergerstr. 4-6
         83308 Trostberg
         Germany


GENIUSMECHANICS SOFTWARE: Claims Registration Period Ends Dec. 4
----------------------------------------------------------------
Creditors of GeniusMechaniCS software technologies GmbH have
until Dec. 4 to register their claims with court-appointed
insolvency manager Joachim Exner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Jan. 15, 2008, 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 Weiden
         Law Court
         Room 219
         Ledererstrasse Nr. 9
         Weiden

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:

         Joachim Exner
         Stahlstr. 17
         90411 Nuernberg
         Germany
         Tel: 0911/951285-0

The District Court of Weiden opened bankruptcy proceedings
against GeniusMechaniCS software technologies GmbH on Nov. 13.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         GeniusMechaniCS software technologies GmbH
         Attn: Benker Matthias und
               Dr. Lastowski Waldemar, Managers
         Marktredwitzer Str. 1
         95701 Pechbrunn
         Germany


H. + G. SCHEDING: Claims Registration Period Ends Dec. 31
---------------------------------------------------------
Creditors of H. + G. Scheding GmbH have until Dec. 31 to
register their claims with court-appointed insolvency manager
Hans-Peter Burghardt.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Jan. 21, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Bielefeld
         Hall 4065
         Fourth Floor
         Gerichtstrasse 66
         33602 Bielefeld
         Germany

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

The insolvency manager can be reached at:

         Hans-Peter Burghardt
         Bunsenstr. 3
         32052 Herford
         Germany

The District Court of Bielefeld opened bankruptcy proceedings
against H. + G. Scheding GmbH on Nov. 5.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

          H. + G. Scheding GmbH
          Loehner Str. 196
          32609 Huellhorst
          Germany


HEINZ KUECKELMANN: Claims Registration Period Ends December 5
-------------------------------------------------------------
Creditors of Heinz Kueckelmann Immobilien GmbH & Co. KG have
until Dec. 5 to register their claims with court-appointed
insolvency manager Wolfgang Lorisch.

Creditors and other interested parties are encouraged to attend
the meeting at 8:30 a.m. on Jan. 29, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Wolfgang Lorisch
         Kurt-Schumacher-Strasse 48
         45699 Herten
         Germany

The District Court of Bochum opened bankruptcy proceedings
against Heinz Kueckelmann Immobilien GmbH & Co. KG on Nov. 5.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Heinz Kueckelmann Immobilien GmbH & Co. KG
         Attn: Heinz Kueckelmann, Manager
         Spitzwegstr. 14
         45659 Recklinghausen
         Germany


HOHNRATH PRINT: Claims Registration Period Ends Jan. 16, 2008
-------------------------------------------------------------
Creditors of Hohnrath Print und Medien GmbH & Co. KG i.L. have
until Jan. 16, 2008, to register their claims with court-
appointed insolvency manager Dr. Wolf-R. von der Fecht.

Creditors and other interested parties are encouraged to attend
the meeting at 9:01 a.m. on Jan. 18, 2008, 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 Krefeld
         Meeting Hall H 131
         First Floor
         Nordwall 131
         47798 Krefeld
         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. Wolf-R. von der Fecht
         Rheinort 1
         40213 Duesseldorf
         Germany
         Tel: 0211 13940
         Fax: +4902111394251

The District Court of Krefeld opened bankruptcy proceedings
against Hohnrath Print und Medien GmbH & Co. KG i.L. on Oct. 16.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

          Hohnrath Print und Medien GmbH & Co. KG i.L.
          Attn: Sabine Hohnrath, Manager
          Menzelstr. 1
          41564 Kaarst
          Germany


KASTNER & CALLWEY: Claims Registration Ends January 2, 2008
-----------------------------------------------------------
Creditors of Kastner & Callwey Druck GmbH have until Jan. 2,
2008, to register their claims with court-appointed insolvency
manager Dr. Michael Jaffe.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Jan. 31, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Dr. Michael Jaffe
         Franz-Joseph-Str. 8
         80801 Munich
         Germany
         Tel: 089/255487-00
         Fax: 255487-10

The District Court of Munich opened bankruptcy proceedings
against Kastner & Callwey Druck GmbH on Nov. 1.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         Kastner & Callwey Druck GmbH
         Attn: Thomas Nusser and Erich Thomanek, Managers
         Jahnstr. 5
         85646 Forstinning
         Germany


MAAT PROJEKTENTWICKLUNGSGESELLSCHAFT: Claims Filing Ends Dec. 6
---------------------------------------------------------------
Creditors of MAAT Projektentwicklungsgesellschaft mbH have until
Dec. 6 to register their claims with court-appointed insolvency
manager Eike Edo Happe.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Jan. 17, 2008, 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:

         Dr. Eike Edo Happe
         Stresemannallee 30
         60596 Frankfurt (Main)
         Germany
         Tel: 069/74748980
         Fax: 069/747489810
         Web site: http://www.rae-eckert.de/

The District Court of Frankfurt (Main) opened bankruptcy
proceedings against MAAT Projektentwicklungsgesellschaft mbH on
Nov. 7.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         MAAT Projektentwicklungsgesellschaft mbH
         Loeherstrasse 2
         60594 Frankfurt (Main)
         Germany


NAUTINTEC CATAMARANS: Claims Registration Ends January 4, 2008
--------------------------------------------------------------
Creditors of NautinTec Catamarans GmbH have until Jan. 4, 2008,
to register their claims with court-appointed insolvency manager
Peter-Alexander Borchardt.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Feb. 4, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Peter-Alexander Borchardt
         Deichstrasse 1
         20459 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against NautinTec Catamarans GmbH on Nov. 7.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         NautinTec Catamarans GmbH
         Attn: Marc Schulz, Manager
         Borstelmannsweg 145
         20537 Hamburg
         Germany


O & M VERTRIEBS: Claims Registration Period Ends Dec. 28
--------------------------------------------------------
Creditors of O & M Vertriebs GmbH & Co. KG have until Dec. 28 to
register their claims with court-appointed insolvency manager
Jochen Wagner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:10 a.m. on Jan. 22, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Jochen Wagner
         Leonrodstr. 69
         80636 Munich
         Germany
         Tel: 309050980
         Fax: 3090509810

The District Court of Munich opened bankruptcy proceedings
against O & M Vertriebs GmbH & Co. KG on Nov. 6.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         O & M Vertriebs GmbH & Co. KG
         Schleissheimer Str. 267
         80809 Munich
         Germany


OMELUR GMBH: Claims Registration Period Ends November 28
--------------------------------------------------------
Creditors of OMELUR GmbH have until Nov. 28 to register their
claims with court-appointed insolvency manager Joerg Spies.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on Jan. 2, 2008, 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:

         Joerg Spies
         Glashuetter Strasse 104
         01277 Dresden
         Germany
         Web site: http://www.pkl.com/

The District Court of Dresden opened bankruptcy proceedings
against OMELUR GmbH on Nov. 7.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         OMELUR GmbH
         Attn: Horst Stuebner, Manager
         Toepferstrasse 15
         02625 Bautzen
         Germany


PAHL EDELSTAHL: Claims Registration Ends January 3, 2008
--------------------------------------------------------
Creditors of Pahl Edelstahl-Schornsteintechnik GmbH have until
Jan. 3, 2008, to register their claims with court-appointed
insolvency manager Dr. jur. Rainer Eckert.

Creditors and other interested parties are encouraged to attend
the meeting at 9:10 a.m. on Jan. 30, 2008, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Hannover
         Hall 226
         Second Upper Floor
         Service Bldg.
         Hamburger Allee 26
         30161 Hannover
         Germany

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

The insolvency manager can be reached at:

         Dr. Rainer Eckert
         Arthur-Menge-Ufer 5
         30169 Hannover
         Germany
         Tel: 0511 626287-0
         Fax: 0511 626287-10

The District Court of Hannover opened bankruptcy proceedings
against Pahl Edelstahl-Schornsteintechnik GmbH on Nov. 8.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Pahl Edelstahl-Schornsteintechnik GmbH
         Attn: Barbara Pahl, Manager
         Grosse Duewelstr. 8-10
         30171 Hannover
         Germany


PM TRADE: Claims Registration Ends January 4, 2008
--------------------------------------------------
Creditors of PM TRADE GMBH have until Jan. 4, 2008, to register
their claims with court-appointed insolvency manager Christoph
Munz.

Creditors and other interested parties are encouraged to attend
the meeting at 11:15 a.m. on Jan. 23, 2008, 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 Chemnitz
         Hall 24
         Fuerstenstrasse 21-23
         09130 Chemnitz
         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. Christoph Munz
         Adelsbergstrasse 4
         09126 Chemnitz
         Germany
         Tel:(0371) 51 59 08
         Fax:(0371) 51 49 35
         E-mail: chemnitz@munz-anwaelte.de

The District Court of Chemnitz opened bankruptcy proceedings
against PM TRADE GMBH on Nov. 6.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         PM TRADE GMBH
         Attn: Mario Schroeder, Manager
         Erzstr. 19
         09618 Brand-Erbisdorf
         Germany


REMI INNENPUTZ: Claims Registration Period Ends December 27
-----------------------------------------------------------
Creditors of REMI Innenputz GmbH have until Dec. 27 to register
their claims with court-appointed insolvency manager Heiko
Fialski.

Creditors and other interested parties are encouraged to attend
the meeting at 10:40 a.m. on Jan. 21, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Heiko Fialski
         Raboisen 38
         20095 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against REMI Innenputz GmbH on Nov. 9.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         REMI Innenputz GmbH
         Attn: Renato Milos und
               Ivica Arambasi, Managers
         Sandkamp 23a
         22111 Hamburg
         Germany


SECURITY UND SERVICE: Claims Registration Ends January 10, 2008
---------------------------------------------------------------
Creditors of Gesellschaft fuer Security und Service GmbH have
until Jan. 10, 2008, to register their claims with court-
appointed insolvency manager Christian Feketija.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Feb. 11, 2008, 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:

         Christian Feketija
         Letzter Hasenpfad 61
         60598 Frankfurt am Main
         Germany
         Tel: 069/60625786
         Fax: 069/60625788

The District Court of Frankfurt am Main opened bankruptcy
proceedings against Gesellschaft fuer Security und Service GmbH
on Nov. 8.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Gesellschaft fuer Security und Service GmbH
         Attn: Andreas Stumpf, Manager
         Mainzer Landstrasse 351
         60326 Frankfurt am Main
         Germany


TERE NORDISCHE: Creditors' Meeting Slated for December 14
---------------------------------------------------------
The court-appointed insolvency manager for TERE Nordische
Holzhaus GmbH, Rolf Nacke will present his first report on the
Company's insolvency proceedings at a creditors' meeting at
8:35 a.m. on Dec. 14.

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

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

The Court will also verify the claims set out in the insolvency
manager's report at 9:25 a.m. on March 14, 2008, at the same
venue.

Creditors have until Jan. 14, 2008 to register their claims with
the court-appointed insolvency manager.

The insolvency manager can be reached at:

         Rolf Nacke
         Gross-Berliner Damm 73 c
         12487 Berlin
         Germany

The District Court of Charlottenburg opened bankruptcy
proceedings against TERE Nordische Holzhaus GmbH on Nov. 1.
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         TERE Nordische Holzhaus GmbH
         Eichborndamm 93
         13403 Berlin
         Germany


W. MOELLER: Claims Registration Period Ends December 17
-------------------------------------------------------
Creditors of W. Moeller Gesellschaft fuer Tankstellenbau
Strassen- und Tiefbau mbH  have until Dec. 17 to register their
claims with court-appointed insolvency manager Siegfried
Mueller.

Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on Jan. 17, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

         The District Court of Cologne
         Meeting Hall 14
         Luxemburger Strasse 101
         50939 Cologne
         Germany

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

The insolvency manager can be reached at:

         Siegfried Mueller
         Koelner Strasse 67
         50226 Frechen
         Germany

The District Court of Cologne opened bankruptcy proceedings
against W. Moeller Gesellschaft fuer Tankstellenbau Strassen-
und Tiefbau mbH on Nov. 1.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         W. Moeller Gesellschaft fuer
         Tankstellenbau Strassen- und Tiefbau mbH
         Hugo-Junkers-Str. 21
         50259 Pulheim
         Germany


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


CARROZZERIA BERTONE: Files for Bankruptcy Protection
----------------------------------------------------
Carrozzeria Bertone S.p.A. has filed for bankruptcy protection
after accumulating EUR37.3 million in losses for the past three
years, Luca Ciferri writes for Automotive News Europe.

Bertone filed for concordato preventivo, -- similar to Chapter
11 bankruptcy protection in the U.S. -- which prevents creditors
to collect payments while the company reorganizes, Automotive
News Europe relates.  The filing foresees Bertone's management
overseeing the reorganization.

The company, however, excluded its design, engineering and glass
businesses from the filing.

"We are currently conducting confidential talks with Italian and
international industrial and financial entities to secure
Carrozzeria Bertone a future in vehicle manufacturing," CEO Lili
Bertone said in the statement.

Bertone, which has manufacturing capacity of 70,000 units a
year, needs to produce 30,000 units a year to break even.

The company's 1,350 strong-workforce is currently paid under a
state funded scheme, which expires on Dec. 31, 2007.

Headquarterd in Turin, Italy, Carrozzeria Bertone S.p.A. --
http://www.bertone.it/-- manufactures car for the Bertone
Gorup.  The company does the product and process engineering for
all of its products and handles the entire manufacturing cycle.


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


ALGA JYLU: Proof of Claim Deadline Slated for December 21
---------------------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has
declared LLP Alga Jylu insolvent on Oct. 12.

Creditors have until Dec. 21 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of Aktube
         Altynsarin Str. 31
         Aktube
         Kazakhstan


ASIA COMPANY-LTD: Creditors Must File Claims December 25
--------------------------------------------------------
LLP Asia Company-Ltd has declared insolvency.  Creditors have
until Dec. 25 to submit written proofs of claims to:

         LLP Asia Company-Ltd
         Aibergenov Str. 74
         Temirlan
         Ordabasynsky District
         South Kazakhstan
         Kazakhstan


INTER TORG: Claims Filing Period Ends December 25
-------------------------------------------------
LLP Inter Torg Company has declared insolvency.  Creditors have
until Dec. 25 to submit written proofs of claims to:

         LLP Inter Torg Company
         Djangildin Str. 15-20
         Astana
         Kazakhstan


ISHIM PRODUCTION: Creditors' Claims Due on December 25
------------------------------------------------------
LLP Ishim Production has declared insolvency.  Creditors have
until Dec. 25 to submit written proofs of claims to:

         LLP Ishim Production
         Lenin Str. 7-47
         Otegen Batyr
         Ilyisky District
         Almaty
         Kazakhstan


KAZELECTROSHIT-NT: Claims Registration Ends December 21
-------------------------------------------------------
LLP Kazelectroshit-NT has declared insolvency.  Creditors have
until Dec. 21 to submit written proofs of claims to:

         LLP Kazelectroshit-NT
         Bogenbai ave. 1/1-47
         Astana
         Kazakhstan
         Tel: 8 (7172) 92-82-31


KEMENGER LTD: Proof of Claim Deadline Slated for December 21
------------------------------------------------------------
LLP Kemenger Ltd has declared insolvency.  Creditors have until
Dec. 21 to submit written proofs of claims to:

         LLP Kemenger Ltd
         Office 305
         Abdirov Ave. 36/3
         Kazybek Bi District
         Karaganda
         Kazakhstan


MACCONNEL DAWEL: Creditors Must File Claims December 21
-------------------------------------------------------
Kazakh Branch of LLP Macconnel Dawel has declared insolvency.
Creditors have until Dec. 21 to submit written proofs of claims
to:

         LLP Macconnel Dawel
         Kazakh Branch
         Baitursynov Str. 96
         Almaty
         Kazakhstan


NORD ASTANA: Claims Filing Period Ends December 25
--------------------------------------------------
LLP Nord Astana has declared insolvency.  Creditors have until
Dec. 25 to submit written proofs of claims to:

         LLP Nord Astana
         Jeleznodorojny side street, 102
         Astana
         Kazakhstan


WEB MARKET: Creditors' Claims Due on December 21
------------------------------------------------
The Specialized Inter-Regional Economic Court of Aktube has
declared LLP Web Market insolvent on Oct. 12.

Creditors have until Dec. 21 to submit written proofs of claims
to:

         The Specialized Inter-Regional
         Economic Court of Aktube
         Altynsarin Str. 31
         Aktube
         Kazakhstan


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


AL-AHDUT LLC: Creditors Must File Claims by December 21
-------------------------------------------------------
LLC Al-Ahdut (INN 02510200010036) has declared insolvency.
Creditors have until Dec. 21 to submit written proofs of claim
to:

         LLC Al-Ahdut
         Intergelpo Str. 1
         Bishkek
         Kyrgyzstan
         Tel: (+996 312) 69-95-45


SIYAN KG: Proof of Claim Deadline Slated for December 21
--------------------------------------------------------
LLC Siyan KG has declared insolvency.  Creditors have until
Dec. 21 to submit written proofs of claim.

Inquiries can be addressed (+996 312) 49-62-27.


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


X5 RETAIL: Earns US$13.15 Million for Third Quarter 2007
--------------------------------------------------------
X5 Retail N.V. released its financial results for the third
quarter and first nine months ended Sept. 30, 2007.

X5 posted US$13.15 million in net profit on US$1.27 billion in
net revenues for the third quarter 2007, compared with
US$10.81 million in net profit on US$830.54 million in net
revenues for the same period in 2006.

X5 posted US$54.2 million in net profit on US$3.62 billion in
net revenues for the first nine months of 2007, compared with
US$36.11 million in net profit on US$2.41 billion in net
revenues for the same period in 2006.

The Company has revised its full year 2007 guidance on store
openings from 150,000 sq. m. to around 140,000 sq. m., which
reflects its decision to focus on operational performance of
existing stores and ensure high Christmas and New-Year sales,
rather than pushing openings in December 2007.

Unbalanced store opening at the very year-end affects
performance of existing stores, generates extra costs, and does
not guarantee the required quality of the openings.  As usual,
the company will provide our 2008 store opening guidance in
January 2008.  The stores that are technically ready to be
opened after mid-December 2007 but operational in early 2008
will be reported separately.

"We are pleased to report all time high sales growth of 53%,
which reflects our unrivaled leadership in all segments and
regions of X5 operations," Lev Khasis, X5 Retail Group CEO,
said.  "Like-for-like sales as well as new store performance
were very strong despite seasonal effects of the third quarter -
the toughest quarter for modern food retail.  We have invested a
lot of effort to retain customers by running a countrywide promo
in September, which proved to be a great success but pressured
margins.  However, our focus on improvement of purchasing terms,
upgrade of logistics capacity and optimization of business
processes, combined with strong sales momentum, shall enable X5
to meet its aggressive growth and profitability targets for the
full year."

"As we are preparing for record-high Christmas and New-Year
sales, we decided to postpone several store openings until early
2008," Mr. Khasis added.  "This decision will enable us to
concentrate on operational performance of existing stores,
minimize store opening costs and ensure higher quality of the
openings.   Thus, we expect to open approximately 140,000 sq. m.
in 2007, but keep our full-year sales target unchanged."

                         About X5 Retail

Headquartered in the Netherlands, X5 Retail Group N.V. --
http://www.x5.ru/en/-- operates a large store network largely
covering the Moscow region and St. Petersburg but also has a
good presence in other Russian regions through its franchise
operations.  The company has recently acquired two of its
successful regional franchise operations -- in Yekaterinburg and
Chelyabinsk.

                          *     *     *

As of Nov. 12, 2007, X5 Retail Group N.V. carries a B1 Corporate
Family Rating from Moody's Investors Service.  Moody's said the
outlook is positive.

X5 Retail and its subsidiaries also carries a 'BB-' long-term
corporate credit rating from Standard & Poor's Ratings Services.
S&P said the outlook is stable.


X5 RETAIL: Evgeny Kornilov to Replace Vitaliy Podolskiy as CFO
--------------------------------------------------------------
X5 Retail Group N.V. disclosed that Evgeny Kornilov, currently
Deputy CFO of the Group and Head of Financial Planning and
Reporting, will become X5 Group CFO starting from Jan. 1, 2008,
following Supervisory Board approval in December this year.

Vitaliy Podolskiy will retire from his post as the Group CFO
effective as of Jan. 1, 2008.  Mr. Vitaliy will stay with the
Group as a Member of the Management Board and Chief Advisor to
the CEO.

"I would like to welcome Evgeny Kornilov in his new role.  I
have worked closely with Evgeny since he was appointed CFO of
our Perekrestok chain in 2006," Lev Khasis, X5 Retail Group CEO,
said.  "Evgeny not only is a very talented manager, he also has
a deep understanding of our business and unique financial
expertise that he has gained during his professional life.  I am
sure he is a rising star in the retail universe."

"I would also like to thank Vitaliy for all his work as CFO of
Perekrestok and X5 Group since 2002 and in particular his
contribution to the successful merger and integration of
Perekrestok and Pyaterochka," Mr. Khasis added.

"The Company is facing challenging opportunities, both in terms
of growth and on-going efficiency improvement," Herve Defforey,
Chairman of the Supervisory Board, commented.  "Evgeny Kornilov
is well prepared to address these challenges and will provide
all the necessary support and expertise for X5's further
successful development."

"This is very exciting time to take on this role, as X5 Group
continues its rapid expansion and prepares for major new
investments in the future," Mr. Kornilov said.  "I will focus on
implementing state-of-the-art financial management systems and
ensuring that the Group's financial strategy meets its
aggressive growth objectives.  Thanks to Vitaliy I have good
starting base and strong team to support me."

"My last five years as the CFO of Perekrestok and then X5 Retail
Group have been the most exciting time and interesting challenge
in my life and I look forward to working with Lev Khasis as his
strategic advisor," Mr. Podolskiy said.  "I am pleased to pass
my 'steering wheel' to Evgeny, being confident that he is ready
for this role."

                         About X5 Retail

Headquartered in the Netherlands, X5 Retail Group N.V. --
http://www.x5.ru/en/-- operates a large store network largely
covering the Moscow region and St. Petersburg but also has a
good presence in other Russian regions through its franchise
operations.  The company has recently acquired two of its
successful regional franchise operations -- in Yekaterinburg and
Chelyabinsk.

                          *     *     *

As of Nov. 12, 2007, X5 Retail Group N.V. carries a B1 Corporate
Family Rating from Moody's Investors Service.  Moody's said the
outlook is positive.

X5 Retail and its subsidiaries also carries a 'BB-' long-term
corporate credit rating from Standard & Poor's Ratings Services.
S&P said the outlook is stable.


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


ALGORITHM G CJSC: Creditors Must File Claims by Dec. 10
-------------------------------------------------------
Creditors of CJSC Algorithm G have until Dec. 10 to submit
proofs of claiim to:

         P. F. Bulgakov
         Competitive proceedings manager
         Abrekskaya Str. 5
         690001 Vladivostok
         Russia

The Arbitration Court of Primorskij krai declared the company
insolvent on Oct. 22.  The case is docketed under Case No. A51-
7648/2007 26-89B.

The Debtor can be reached at:

         CJSC Algorithm G
         Arsenal'naya Str. 15
         690105 Vladivostok
         Russia


AL'MENDA CJSC: Creditors Must File Claims by Dec. 10
----------------------------------------------------
Creditors of CJSC TP Al'menda have until Dec. 10 to submit
proofs of claim to:

         T. G. Dautov
         Competitive proceedings manager
         P.O. Box 8218
         454084 Chelyabinsk
         Russia

The Arbitration Court of Chelyabinsk declared the company
insolvent on Sept. 26.  The case is docketed under Case No.
A76-15111/2007-55-38.

The Court is located at:

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

The Debtor can be reached at:

         CJSC TP Al'menda
         Novoelevatornaya Str. 49
         Chelyabinsk
         Russia


BRIDGE-TECHNIKA CJSC: Claims Filing Period Ends Jan. 10, 2008
-------------------------------------------------------------
Creditors of CJSC Company Bridge-Technika have until
Jan. 10, 2008, to submit proofs of claim to:

         S. B. Sineokij
         Competitive proceedings manager
         P.O. Box 4222
         170042 Tver'
         Russia

The Arbitration Court of Moscow declared the company insolvent
on Oct. 11.  The case is docketed under Case No. A40-8012/
07-78-24B.

The Court is located at:

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

The Debtor can be reached at:

         CJSC Company Bridge-Technika
         Kozlova Str. 30
         121357 Moscow
         Russia


CHERLAKSKIJ OJSC: Claims Filing Period Ends Jan. 10, 2008
---------------------------------------------------------
Creditors of OJSC Butter Integrated Plant Cherlakskij have until
Jan. 10, 2008, to submit proofs of claim to:

         D. P. Sazhin
         Apartment 7
         Mira Pr. 104/1
         Omsk
         Russia

The Arbitration Court of Omsk commenced competitive proceedings
against the company after finding it insolvent on Sept. 25.  The
case is docketed under Case No. A46-2277/2007.


DYAT'KOVSKIJ CRYSTAL: Asset Sale Slated for Dec. 10
---------------------------------------------------
N. E. Solovyev, the competitive proceedings manager of OJSC
Dyat'kovskij Crystal Glass, will open a public auction for the
company's properties at 4:00 p.m. on Dec. 10 at:

         N. E. Solovyev
         Conference Room
         4th Floor
         Engineering-Laboratory Building
         Lenina Str. 184
         Dyat'kovo
         Bryansk
         Russia

The company has set a RUR336 million starting price for the
auctioned assets.

Interested participants have until 5:00 p.m. on Dec. 5 to
deposit an amount equivalent to 10% of the starting price to the
settlement account of OJSC Dyat'kovskij Crystal Glass.

Bidding documents must be submitted to:

         N. E. Solovyev
         Conference Room
         4th Floor
         Engineering-Laboratory Building
         Lenina Str. 184
         Dyat'kovo
         Bryansk
         Russia


ELECTRON-2 LLC: Bankruptcy Hearing Slated for Jan. 29, 2008
-----------------------------------------------------------
The Arbitration Court of Tula will convene on Jan. 29, 2008, to
hear the bankruptcy supervision procedure against Plant
Electron-2 LLC.  The case is docketed under Case No. A68-3597/
07-233/B-07.

The interim manager is:

         Z. P. Danilova
         P.O. Box 354
         101000 Moscow
         Russia

The Court is located at:

         The Arbitration Court of Tula
         Hall 35
         Sovetskaya Str. 112
         Tula
         Russia

The Debtor can be reached at:

         Plant Electron-2 LLC
         Naberezhnaya Str. 7
         Leninskij Settlement
         Leninskij Raion
         Tula
         Russia


FORD MOTOR: Strike Continues Despite Initial Wage Agreement
-----------------------------------------------------------
The strike at Ford Motor Co.'s site in Vsevolozhsok, Russia,
continues despite a meeting between company management and
employees on Nov. 26, 2007, The Associated Press reports.

According to union chief Alexei Etmanov, the management agreed
in principle to raising wages, but did not disclose concrete
figures, AP relates.

"We haven't agreed on anything," Mr. Etmanov was quoted by the
Associated Press as saying.

Ford, meanwhile, said it would resume production today, Nov. 28,
with non-striking employees working on single shift.

"We are not going to comment on the management's intentions," Mr
Etmanov commented.  "Let them try to restart the assembly line,
and we'll see.  We are going to continue the strike."

As reported in the TCR-Europe on Nov. 22, 2007, workers launched
an indefinite strike on Nov. 20, 2007, demanding higher wages
and reduction of night shifts from March 2008.  The strike
halted the Ford Focus production line, RIA Novosri reports.

According to reports, Ford's workers held a 19-hour strike on
Nov. 6, 2007, after management repeatedly rejected their pay
hike demands.  They returned to work after a court ordered the
union to postpone further action until Nov. 20, 2007.

The Vsevolozhsk plant produced about 60,000 cars in 2006, mainly
the Focus model, and plant officials have said they were hoping
to increase production to 75,000 for 2007.

                       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.

                          *     *     *

Standard & Poor's Ratings Services affirmed its 'B' long-term
corporate credit and other ratings on Ford Motor Co. and Ford
Motor Credit Co. and removed them from CreditWatch with positive
implications, where they were placed Sept. 26, 2007.  S&P said
the outlook is stable.

As reported in the Troubled Company Reporter on Nov. 19, 2007,
Moody's Investors Service affirmed the long-term ratings of Ford
Motor Company (B3 Corporate Family Rating, Ba3 senior secured,
Caa1 senior unsecured, and B3 probability of default), but
changed the rating outlook to Stable from Negative and raised
the company's Speculative Grade Liquidity rating to SGL-1 from
SGL-3.

Moody's also affirmed Ford Motor Credit Company's B1 senior
unsecured rating, and changed the outlook to Stable from
Negative.

These rating actions follow Ford's announcement of the details
of the newly ratified four-year labor agreement with the UAW.


METALLINVESTBANK: Moody's Puts Outlook to Neg. on B2/NP Ratings
---------------------------------------------------------------
Moody's Investors Service changed the outlook on the B2/Not
Prime local and foreign currency deposit ratings of
Metallinvestbank to negative from stable.  MIB's bank financial
strength rating of E+ was affirmed with stable outlook.

Concurrently, Moody's Interfax Rating Agency downgraded MIB's
long-term national scale rating to Baa1.ru from A3.ru.  The NSR
carries no specific outlook.  Moscow-based Moody's Interfax is
majority-owned by Moody's, a leading global rating agency.

According to Moody's and Moody's Interfax, the B2/Not Prime/E+
global scale ratings reflect MIB's global default and loss
expectation, while the Baa1.ru national scale rating reflects
the standing of the bank's credit quality relative to its
domestic peers.

"These rating actions reflect the decline in MIB's market
franchise over recent years.  This is accompanied with an
increased concentration of the bank's loan portfolio -- in which
related parties take a dominant position of more than one-third
-- as well as the deterioration in MIB's core profitability
indicators, with interest income accounting for only a small
proportion of total operating income as a result of sharply
reduced net interest margins.  So far, MIB's transition to a
more diversified and non-related client base has been slow,
making it more difficult for the bank to withstand the increased
competition in these segments," says Olga Ulyanova, a Moody's
Assistant Vice-President/Analyst.

Moody's recognizes that MIB has a relatively stable liquidity
profile, with a low dependence on market funding.  The bank's
other credit strengths include its proven expertise in money
market and forex dealing businesses, which are boosting its
profitability against a background of declining income from
conventional corporate banking services.  However, in the rating
agency's opinion, these advantages are outweighed by the
volatile nature of income earned on the forex and securities
trading markets.

According to Moody's, MIB's deposit ratings might be downgraded
if the bank fails to:

   (i) strengthen its client-related business lines, primarily
       through expanding its lending activities;

  (ii) diversify its customer base to non-related parties and
       notably decrease the concentration of its loan portfolio,
       and

(iii) significantly increase the share of recurring earnings in
       its total operating income.

Domiciled in Moscow, Russia, Metallinvestbank reported -- as of
Dec. 31, 2006 -- total IFRS assets of US$622 million (2005:
US$469 million), total capital of US$165 million (2005: US$125
million) and net income of US$9.2 million (2005: US$7.0
million).  Net loans declined by 9.35% in 2006 while provisions-
to-loans coverage increased to 10.87% as at year end 2006 from
9.41% a year before.  As of Oct. 1, 2007, the bank had two
regional branches in Chusovoy (Perm Region) and Vyksa (Nizhniy
Novgorod Region), and two representative offices in St.
Petersburg and Yekaterinburg.


MINE FIREFIGHTING: Creditors Must File Claims by Jan. 10, 2008
--------------------------------------------------------------
Creditors of OJSC Mine Firefighting Plant have until
Jan. 10, 2008, to submit proofs of claim to:

         The Arbitration Court of Kemerovo
         Krasnaya Str. 8
         Kemerovo
         Russia

The Arbitration Court of Kemerovo commenced competitive
proceedings against the company after finding it insolvent on
Oct. 22.  The Court appointed G. I. Kuptsov as competitive
proceedings manager.   The case is docketed under Case No.
A27-34402/2005-4.

The Debtor can be reached at:

         OJSC Mine Firefighting Plan
         Vasilyeva Str. 1B
         652507 Leninsk-Kuznetskij
         Russia


ROSNEFT OIL: Takes Over Yurubcheno-Tokhomskoye Oil Field License
----------------------------------------------------------------
OAO Rosneft Oil Co. has added the operating license to
Yurubcheno-Tokhomsky oil blocks to its balance sheet, Interfax
News reports citing Federal Subsurface Resources Agency chief
Anatoly Ledovskikh.

Rosneft plans to develop its blocks independently from other oil
firms -- Gazprom and Slavneft -- operating in the Yurubcheno-
Tokhomskoye field, company president Sergei Bordachivnov said in
a statement.

Rosneft owns the Yurubchensky block and the southern part of the
Tersko-Kamovsky block of the Yurubcheno-Tokhomskoye field, while
Slavneft owns the Kuyumbinsky and part of the Tersko-Kamovsky
blocks of the field, Interfax News relates.

Mr. Bordachivnov added that "following the evaluation of the gas
potential of the field, we shall study the direction of
transportation by Gazprom and the gas belonging to it and we
shall try to coordinate the set-up of a single gas-transport
system."

The president also mulls creating a single transport system to
transport Slavneft's crude along the same flow as [Rosneft's]
oil" with the latter's shareholders TNK-BP and Gazprom Neft).

"This is completely logical, as the quality of the oil is
virtually identical," Mr. Bogdanchikov said in a company
statement.  "It is highly likely that we shall come to an
agreement and shall work together," said.

Rosneft acquired the license to the block from OAO Yukos Oil Co.
during the latter's bankruptcy auction in May.

Mr. Ledovskikh told Interfax that though Yukos had violated the
terms of the license by failing to meet production drilling
timetables, Rosneft may apply with the agency to amend the
license conditions.

"They haven't applied yet, but they will," Mr. Ledovskikh told
Interfax.  "We'll consider it."

According to Interfax, Yurubcheno-Tokhomsky has 220 million tons
of oil reserves and is a key center of reserves for filling the
East Siberia-Pacific Ocean oil pipeline.

                          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.

                          *     *     *

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.


S B CJSC: Creditors Must File Claims by Dec. 10
-----------------------------------------------
Creditors of CJSC S B have until Dec. 10 to submit proofs of
claim to:

         T. G. Dautov
         Competitive Proceedings Manager
         P.O. Box 8218
         454084 Chelyabinsk
         Russia

The Arbitration Court of Chelyabinsk declared the company
insolvent on Sept. 26.  The case is docketed under Case No.
A76-15569/2007-55-40.

The Court is located at:

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

The Debtor can be reached at:

         CJSC S B
         Tsvillinga Str. 35
         Chelyabinsk
         Russia


TNK-BP HOLDING: Units' Minority Owner Cry Rights Violations
-----------------------------------------------------------
IK Russ-Invest has asked the Investor Protection Association to
probe into minority shareholder rights violations at units of
TNK-BP Holding Ltd., Interfax News reports.

According to an statement from IPA, corporate governance
practices at Ryazneftekhimprodukt and Nizhnevartovskneftegaz --
more than 50% of which is owned by TNK-BP -- show signs of
systemic violations of the rights of minority shareholders and
provision of current Russian legislation.

A TNK-BP spokesman told Interfax that the company has yet to
receive a formal complaint from Russ-Invest and is not ready to
act on the IPA statement.  The spokesman noted that
Nizhnevartovskneftegaz had suspended operations due to
bankruptcy while Ryazneftekhimprodukt is close to shutting down.

A source privy to TNK-BP told Interfax that Russ-Invest bought
shares in the units in 2006, despite knowing their financial
conditions.

"This investor knew what risks he was taking," the source told
Interfax.  "I even suspect that he took them intentionally, with
the aim of later proposing that TNK-BP buy out the shares at a
good price."

                          About TNK-BP

Headquartered in Moscow, Russia, TNK-BP Holding Ltd. operates
six refineries in Russia and Ukraine, and markets products
through 2,100 retail service stations operating under TNK and BP
brand.  BP Plc and Alfa Access/Renova jointly own the group.

TNK-BP holds a strategic position as the second largest liquids
producer in the Russian intergraded operating environment,
accounting for approximately 18% of Russia's total crude oil
production.

                          *     *     *

TNK-BP International Ltd. carries BB long-term foreign and local
currency ratings and B short-term foreign and local currency
ratings from Standard & Poor's.


X5 RETAIL: Earns US$13.15 Million for Third Quarter 2007
--------------------------------------------------------
X5 Retail N.V. released its financial results for the third
quarter and first nine months ended Sept. 30, 2007.

X5 posted US$13.15 million in net profit on US$1.27 billion in
net revenues for the third quarter 2007, compared with
US$10.81 million in net profit on US$830.54 million in net
revenues for the same period in 2006.

X5 posted US$54.2 million in net profit on US$3.62 billion in
net revenues for the first nine months of 2007, compared with
US$36.11 million in net profit on US$2.41 billion in net
revenues for the same period in 2006.

The Company has revised its full year 2007 guidance on store
openings from 150,000 sq. m. to around 140,000 sq. m., which
reflects its decision to focus on operational performance of
existing stores and ensure high Christmas and New-Year sales,
rather than pushing openings in December 2007.

Unbalanced store opening at the very year-end affects
performance of existing stores, generates extra costs, and does
not guarantee the required quality of the openings.  As usual,
the company will provide our 2008 store opening guidance in
January 2008.  The stores that are technically ready to be
opened after mid-December 2007 but operational in early 2008
will be reported separately.

"We are pleased to report all time high sales growth of 53%,
which reflects our unrivaled leadership in all segments and
regions of X5 operations," Lev Khasis, X5 Retail Group CEO,
said.  "Like-for-like sales as well as new store performance
were very strong despite seasonal effects of the third quarter -
the toughest quarter for modern food retail.  We have invested a
lot of effort to retain customers by running a countrywide promo
in September, which proved to be a great success but pressured
margins.  However, our focus on improvement of purchasing terms,
upgrade of logistics capacity and optimization of business
processes, combined with strong sales momentum, shall enable X5
to meet its aggressive growth and profitability targets for the
full year."

"As we are preparing for record-high Christmas and New-Year
sales, we decided to postpone several store openings until early
2008," Mr. Khasis added.  "This decision will enable us to
concentrate on operational performance of existing stores,
minimize store opening costs and ensure higher quality of the
openings.   Thus, we expect to open approximately 140,000 sq. m.
in 2007, but keep our full-year sales target unchanged."

                         About X5 Retail

Headquartered in the Netherlands, X5 Retail Group N.V. --
http://www.x5.ru/en/-- operates a large store network largely
covering the Moscow region and St. Petersburg but also has a
good presence in other Russian regions through its franchise
operations.  The company has recently acquired two of its
successful regional franchise operations -- in Yekaterinburg and
Chelyabinsk.

                         *     *     *

As of Nov. 12, 2007, X5 Retail Group N.V. carries a B1 Corporate
Family Rating from Moody's Investors Service.  Moody's said the
outlook is positive.

X5 Retail and its subsidiaries also carries a 'BB-' long-term
corporate credit rating from Standard & Poor's Ratings Services.
S&P said the outlook is stable.


X5 RETAIL: Evgeny Kornilov to Replace Vitaliy Podolskiy as CFO
--------------------------------------------------------------
X5 Retail Group N.V. disclosed that Evgeny Kornilov, currently
Deputy CFO of the Group and Head of Financial Planning and
Reporting, will become X5 Group CFO starting from Jan. 1, 2008,
following Supervisory Board approval in December this year.

Vitaliy Podolskiy will retire from his post as the Group CFO
effective as of Jan. 1, 2008.  Mr. Vitaliy will stay with the
Group as a Member of the Management Board and Chief Advisor to
the CEO.

"I would like to welcome Evgeny Kornilov in his new role.  I
have worked closely with Evgeny since he was appointed CFO of
our Perekrestok chain in 2006," Lev Khasis, X5 Retail Group CEO,
said.  "Evgeny not only is a very talented manager, he also has
a deep understanding of our business and unique financial
expertise that he has gained during his professional life.  I am
sure he is a rising star in the retail universe."

"I would also like to thank Vitaliy for all his work as CFO of
Perekrestok and X5 Group since 2002 and in particular his
contribution to the successful merger and integration of
Perekrestok and Pyaterochka," Mr. Khasis added.

"The Company is facing challenging opportunities, both in terms
of growth and on-going efficiency improvement," Herve Defforey,
Chairman of the Supervisory Board, commented.  "Evgeny Kornilov
is well prepared to address these challenges and will provide
all the necessary support and expertise for X5's further
successful development."

"This is very exciting time to take on this role, as X5 Group
continues its rapid expansion and prepares for major new
investments in the future," Mr. Kornilov said.  "I will focus on
implementing state-of-the-art financial management systems and
ensuring that the Group's financial strategy meets its
aggressive growth objectives.  Thanks to Vitaliy I have good
starting base and strong team to support me."

"My last five years as the CFO of Perekrestok and then X5 Retail
Group have been the most exciting time and interesting challenge
in my life and I look forward to working with Lev Khasis as his
strategic advisor," Mr. Podolskiy said.  "I am pleased to pass
my 'steering wheel' to Evgeny, being confident that he is ready
for this role."

                         About X5 Retail

Headquartered in the Netherlands, X5 Retail Group N.V. --
http://www.x5.ru/en/-- operates a large store network largely
covering the Moscow region and St. Petersburg but also has a
good presence in other Russian regions through its franchise
operations.  The company has recently acquired two of its
successful regional franchise operations -- in Yekaterinburg and
Chelyabinsk.

                          *     *     *

As of Nov. 12, 2007, X5 Retail Group N.V. carries a B1 Corporate
Family Rating from Moody's Investors Service.  Moody's said the
outlook is positive.

X5 Retail and its subsidiaries also carries a 'BB-' long-term
corporate credit rating from Standard & Poor's Ratings Services.
S&P said the outlook is stable.


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


AYT CAIXA: Moody's Junks Series E1 & E2 Notes
---------------------------------------------
Moody's Investors Service assigned these definitive ratings to
the debt to be issued by Spain's AyT Caixa Galicia Empresas I,
FTA:

    -- Aaa to the EUR781.7 million Series A notes;
    -- Aa3 to the EUR41.6 million Series B notes;
    -- A3 to the EUR27.1 million Series C notes;
    -- Ba3 to the EUR24.5 million Series D notes;
    -- C to the EUR5 million Series E1 notes; and
    -- C to the EUR24.03million Series E2 notes.

The ratings address the expected loss posed to investors by the
legal final maturity (Jan. 27, 2045).  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.  In Moody's opinion,
the structure allows for timely payment of interest and ultimate
payment of principal at par on or before the rated final legal
maturity date on Classes A/B/C/D, and for ultimate payment of
interest and principal at par on or before the rated final legal
maturity date on Classes E1 and E2.

AyT Caixa Galicia Empresas I, FTA is a securitization fund
created with the aim of purchasing a pool of loans granted by
Caixa Galicia to Spanish SMEs.  AyT Caixa Galicia Empresas 1 is
the first standalone transaction originated by Caixa Galicia.

Strong features within this deal include:

   (1) a reserve fund to cover potential shortfalls in interest
       or principal;

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

   (3) 49.54% of the loans being backed by mortgages with
       weighted-average current loan-to-value of 53.32% (96.27%
       correspond to first lien mortgages);

   (4) good seasoning of the pool (2.58 years); and

   (5) low industry concentration (17% Farming & Agriculture,
       13% Building & Real Estate, according to Moody's industry
       classification).

The deal's weaker features include:

   (1) pro-rata amortization of the notes;

   (2) geographic concentration in the region of Galicia
       (64.56%); and

   (3) the negative impact of the interest deferral trigger on
       the subordinated series.  These increased risks were
       reflected in the credit enhancement calculation.

As of October 2007, the provisional portfolio comprised 13,128
loans and 11,998 debtors.  The loans were originated between
1989 and 2006, with a weighted average seasoning of 2.58 years
and a weighted average remaining term of 9.66 years.  The
longest loan matures in 2042. 8.96% of the pool enjoys a grace
period on principal payments.  Around 17% of the portfolio is
concentrated in the "Farming and Agriculture" sector, according
to Moody's industry classification.  In terms of debtor
concentration, the pool includes exposures up to 1.08% of the
issuance amount.

Moody's bases the definitive ratings primarily on:

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

  (ii) historical performance information;

(iii) the swap agreement;

  (iv) the credit enhancement provided through the Guaranteed
       Investment Contract account, the pool spread, the reserve
       fund and the subordination of the notes; and

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


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


ARNOLD FUCHS: Schwyz Court Closes Bankruptcy Proceedings
--------------------------------------------------------
The Bankruptcy Service of Schwyz entered Oct. 18 an order
closing the bankruptcy proceedings of JSC Arnold Fuchs.

The Bankruptcy Service of Schwyz can be reached at:

         Land-Survey and Bankruptcy Service
         6430 Schwyz
         Switzerland

The Debtor can be reached at:

         JSC Arnold Fuchs
         Oberdorfstrasse 4
         8842 Unteriberg
         Switzerland


B.COM INNOVATION: St. Gallen Court Closes Bankruptcy Proceedings
----------------------------------------------------------------
The Bankruptcy Service of St. Gallen entered Oct. 18 an order
closing the bankruptcy proceedings of JSC B.Com Innovation.

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

         Bankruptcy Service of Canton St. Gallen
         Main Residence
         Stefan Klingl
         9001 St. Gallen
         Switzerland

The Debtor can be reached at:

         JSC B.Com Innovation
         Zwinglistrasse 45
         9000 St. Gallen
         Switzerland


CHIMEX HANDEL: Lucerne Court Starts Bankruptcy Proceedings
----------------------------------------------------------
The Bankruptcy Service of Lucerne commenced bankruptcy
proceedings against LLC CHIMEX Handel on Oct. 3.

The Bankruptcy Service of Lucerne can be reached at:

         Bankruptcy Service of Lucerne
         6000 Lucerne 5
         Switzerland

The Debtor can be reached at:

         LLC CHIMEX Handel
         Moosstrasse 7
         6003 Lucerne
         Switzerland


ERGOLZ IMMOBILIEN: Creditors' Liquidation Claims Due by Nov. 30
---------------------------------------------------------------
Creditors of LLC Ergolz Immobilien have until Nov. 30 to submit
their claims to:

         B. Uebersax
         Hauptstr. 42
         4302 Augst
         Liestal BL
         Switzerland

The Debtor can be reached at:

         LLC Ergolz Immobilien
         Augst
         Liestal BL
         Switzerland


FANTASY TOURS: Schwyz Court Closes Bankruptcy Proceedings
---------------------------------------------------------
The Bankruptcy Service of Schwyz entered Oct. 18 an order
closing the bankruptcy proceedings of JSC Fantasy Tours.

The Bankruptcy Service of Schwyz can be reached at:

         Land-Survey and Bankruptcy Service
         6430 Schwyz
         Switzerland

The Debtor can be reached at:

         JSC Fantasy Tours
         Gotthardstrasse 111
         6438 Ibach SZ
         Switzerland


G10 SOFTWARE: Grisons Court Starts Bankruptcy Proceedings
---------------------------------------------------------
The Bankruptcy Service of Plessur in Grisons commenced
bankruptcy proceedings against JSC G10 Software on Oct. 10.

The Bankruptcy Service of Plessur can be reached at:

         Bankruptcy Service of District Plessur
         7000 Chur
         Plessur GR
         Switzerland

The Debtor can be reached at:

         JSC G10 Software
         Spundisstrasse 21
         7000 Chur
         Plessur GR
         Switzerland


H4T LLC: Creditors' Liquidation Claims Due by November 30
---------------------------------------------------------
Creditors of LLC H4T have until Nov. 30 to submit their claims
to:

         Martin Hufschmid
         Liquidator
         Urdorferstr. 9
         8142 Uitikon-Waldegg ZH
         Switzerland

The Debtor can be reached at:

         LLC H4T
         Oberageri ZG
         Switzerland


HAMBURGER HANDEL: Creditors' Liquidation Claim Due by December 3
----------------------------------------------------------------
Creditors of LLC Hamburger Handel have until Dec. 3 to submit
their claims to:

         LLC Hamburger Handel
         Stadthausgasse 27
         8200 Schaffhausen
         Switzerland


HANS BOMMER: Creditors' Liquidation Claims Due by November 30
-------------------------------------------------------------
Creditors of LLC Hans Bommer Stickerei have until Nov. 30 to
submit their claims to:

         Andre Bleisch
         Liquidator
         Lukasstrasse 29
         9008 St. Gallen
         Switzerland

The Debtor can be reached at:

         LLC Hans Bommer Stickerei
         Kirchberg SG
         Switzerland


KELESTONE JSC: Creditors' Liquidation Claims Due by November 30
---------------------------------------------------------------
Creditors of JSC Kelestone have until Nov. 30 to submit their
claims to:

         Jurg Werfeli
         Haldenstrasse 32
         8302 Kloten
         Bulach ZH
         Switzerland

The Debtor can be reached at:

         JSC Kelestone
         Zurich
         Switzerland


LILIENBERG UNTERNEHMERFORUM: Creditors Must File by November 29
---------------------------------------------------------------
Creditors of JSC Lilienberg Unternehmerforum have until Nov. 29
to submit their claims to:

         Voillat + Partner
         Villa Weber
         Mailbox 252
         8630 Ruti
         Hinwil ZH
         Switzerland

The Debtor can be reached at:

         JSC Lilienberg Unternehmerforum
         Ermatingen
         Kreuzlingen TG
         Switzerland


LIWI HOLDING: Creditors' Liquidation Claims Due by December 7
-------------------------------------------------------------
Creditors of JSC LIWI Holding have until Dec. 7 to submit their
claims to:

         Muller & Senn Treuhand
         Cordulaplatz 3
         Mailbox 2136
         5402 Baden AG
         Switzerland

The Debtor can be reached at:

         JSC LIWI Holding
         Cham ZG
         Switzerland


MAN-IT LLC: Creditors' Liquidation Claims Due by December 3
-----------------------------------------------------------
Creditors of LLC Man-IT have until Dec. 3 to submit their claims
to:

         Keith Lomax
         Liquidator
         Junkerngasse 5
         3011 Bern
         Switzerland

The Debtor can be reached at:

         LLC Man-IT
         Muri bei Bern BE
         Switzerland


PASTELFRA JSC: Creditors' Liquidation Claims Due by November 29
---------------------------------------------------------------
Creditors of JSC Pastelfra have until Nov. 29 to submit their
claims to:

         JSC Pastelfra
         Wiesentalstrasse 126
         7006 Chur
         Plessur GR
         Switzerland


SUITI JSC: Creditors' Liquidation Claim Due by November 29
----------------------------------------------------------
Creditors of JSC SuiTi have until Nov. 29 to submit their claims
to:

         Schonenberger & Grolimund Treuhand
         office Baden
         Im Langacker 16
         5405 Baden-Dattwil AG
         Switzerland

The Debtor can be reached at:

         JSC SuiTi
         Baden AG
         Switzerland


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


AGRICULTURAL UKRAINE: Proofs of Claim Filing Ends November 29
-------------------------------------------------------------
Creditors of State Enterprise Agricultural Ukraine (code EDRPOU
30804332) have until Nov. 29 to submit written proofs of claim
to:

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

The Economic Court of Vinnica commenced bankruptcy supervision
procedure on the company.  The case is docketed under Case No.
5/440-07.

The Debtor can be reached at:

         State Enterprise Agricultural Ukraine
         Central Str. 4
         Nemercheye
         Murovanokurilovetsky District
         23450 Vinnica
         Ukraine


AGROBUILD LLC: Proofs of Claim Filing Ends November 29
------------------------------------------------------
Creditors of LLC Agrobuild (code EDRPOU 03583315) have until
Nov. 29 to submit written proofs of claim to:

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

The Economic Court of Dnipropetrovsk commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. B 24/373-07.

The Debtor can be reached at:

         LLC Agrobuild
         Stroiteley Str. 7
         Krinichki
         Dnipropetrovsk
         Ukraine


DNIEPRO SPECIAL: Proofs of Claim Filing Ends November 29
--------------------------------------------------------
Creditors of LLC Dniepro Special Building (code EDRPOU 34441885)
have until Nov. 29 to submit written proofs of claim to:

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

The Economic Court of Zaporozhje commenced bankruptcy
supervision procedure on the company.  The case is docketed
under Case No. 16/236/07.

The Debtor can be reached at:

         LLC Dniepro Special Building
         Artem Str. 47
         69063 Zaporozhje
         Ukraine


KAMIANKA SUGAR: Proofs of Claim Filing Ends November 29
-------------------------------------------------------
Creditors of LLC Kamianka Sugar Plant (code EDRPOU 32895522)
have until Nov. 29 to submit written proofs of claim to:

         The Economic Court of Cherkassy
         Shevchenko Avenue 307
         18005 Cherkassy
         Ukraine

The Economic Court of Cherkassy commenced bankruptcy supervision
procedure on the company on Oct. 15.  The case is docketed under
Case No. 01/3352.

The Debtor can be reached at:

         LLC Kamianka Sugar Plant
         Pobeda Str. 2
         Kamianka
         20800 Cherkassy
         Ukraine


NIKA TV: Creditors Must File Claims by November 29
--------------------------------------------------
Creditors of LLC Nika TV (code EDRPOU 33163499) have until
Nov. 29 to submit written proofs of claim to:

         The Economic Court of Ivano-Frankovsk
         Shevchenko Str. 16a
         76000 Ivano-Frankovsk
         Ukraine

The Economic Court of Ivano-Frankovsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. B-13/155.

The Debtor can be reached at:

         LLC Nika TV
         Konovalets Str. 13
         Ivano-Frankovsk
         Ukraine


OUR HOUSE: Creditors Must File Claims by November 29
----------------------------------------------------
Creditors of LLC Our House (code EDRPOU 31007027) have until
Nov. 29 to submit written proofs of claim to:

         The Economic Court of Herson
         Gorkiy Str. 18
         73000 Herson
         Ukraine

The Economic Court of Herson commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 5/62-B-07.

The Debtor can be reached at:

         LLC Our House
         Karbyshev Str. 19
         Herson
         Ukraine


ROS-ELEVATOR LLC: Creditors Must File Claims by November 29
-----------------------------------------------------------
Creditors of LLC Agricultural Firm Ros-Elevator (code EDRPOU
20623565) have until Nov. 29 to submit written proofs of claim
to:

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

The Economic Court of Kyiv commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 234/2b-06/11.

The Debtor can be reached at:

         LLC Agricultural Firm Ros-Elevator
         Belotserkovskaya Str. 1
         Fesiury
         Belaya Tserkov District
         Kiev
         Ukraine


SHOSTKA CHEMICAL: Proofs of Claim Filing Ends November 29
---------------------------------------------------------
Creditors of OJSC Shostka Plant of Chemical Agents (code EDRPOU
05761264) have until Nov. 29 to submit written proofs of claim
to:

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

The Economic Court of Sumy commenced bankruptcy supervision
procedure on the company on Oct. 18.  The case is docketed under
Case No. 6/253-07.

The Debtor can be reached at:

         OJSC Shostka Plant of Chemical Agents
         Scherbakov Str. 1
         Shostka
         41100 Sumy
         Ukraine


UKRAGRO LLC: Creditors Must File Claims by November 30
------------------------------------------------------
Creditors of LLC Ukragro (code EDRPOU 31714084) have until
Nov. 30 to submit written proofs of claim to:

         Eugene Shevtsov
         Liquidator 49069
         Ukraine a/b 3925
         Dnipropetrovsk
         Ukraine

The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. B 24/447-07.

The Court is located at:

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

The Debtor can be reached at:

         LLC Ukragro
         Radistov Str. 2
         49023 Dnipropetrovsk
         Ukraine


VESELY KHUTOR: Creditors Must File Claims by November 29
--------------------------------------------------------
Creditors of OJSC Vesely Khutor (code EDRPOU 008569650) have
until Nov. 29 to submit written proofs of claim to:

         Igor Kugot
         Liquidator
         Kolkhoznaya Str. 12
         Smila
         20700 Cherkassy
         Ukraine

The Economic Court of Cherkassy commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 10/1474.

The Court is located at:

         The Economic Court of Cherkassy
         Shevchenko Avenue 307
         18005 Cherkassy
         Ukraine

The Debtor can be reached at:

         OJSC Vesely Khutor
         Vesely Khutor
         Tchernobayevsky District
         Cherkassy
         Ukraine


VOZNESENSKAL AGRICULTURAL: Creditors Must File Claims by Nov. 30
----------------------------------------------------------------
The Economic Court of Nikolaev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 14/186/07.

Creditors of OJSC Voznesenskal Agricultural Chemistry (code
EDRPOU 05490061) have until Nov. 30 to submit written proofs of
claim to:

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

The Debtor can be reached at:

         OJSC Voznesenskal Agricultural Chemistry
         Oct. Revolution Str. 287a
         Voznesensk
         Nikolaev
         Ukraine


ZGUROVKA BEET: Proofs of Claim Filing Ends November 29
------------------------------------------------------
Creditors of OJSC Zgurovka Beet State Farm (code EDRPOU
00385833) have until Nov. 29 to submit written proofs of claim
to:

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

The Economic Court of Kyiv commenced the bankruptcy supervision
procedure on the company on Oct. 17.  The case is docketed under
Case No. B11/316-07.

The Debtor can be reached at:

         OJSC Zgurovka Beet State Farm
         Sadovaya Str. 1
         Zgurovka
         07600 Kiev
         Ukraine


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


ASHFORD OVERLOAD: Appoints Tenon as Joint Administrators
--------------------------------------------------------
Nigel Ian Fox and Stanley Donald Burkett-Coltman of Tenon
Recovery were appointed joint administrators of Ashford Overload
Services Ltd. (Company Number 2910038) on Nov. 13.

Tenon Recovery -- http://www.tenongroup.com/-- provides
accounting and business advice to owner-managed and private
business.

The company can be reached at:

         Ashford Overload Services Ltd.
         Bottings Industrial Estate
         Curdridge
         Southampton
         SO30 2DY
         England
         Tel: 01489 787 071
         Fax: 01489 787 621


BFS INVESTMENTS: FSCS Declares Firm in Default
----------------------------------------------
The Financial Services Compensation Scheme has declared BFS
Investments Plc in default.

The declaration means that customers who have lost money can now
make a claim against the firm in respect of BFS split capital
investment trusts.

FSCS has declared BFS in default because it is satisfied that
the firm is unable, or likely to be unable, to pay compensation
claims against it.

Declaring the company in default follows extensive inquiries by
FSCS into the BFS funds and potential bases of claims.
Determining what liabilities BFS may have incurred to investors
who invested in its funds at various points in time is
complicated.

FSCS has taken expert advice and has discussed its approach with
relevant trade organizations.

FSCS expects to deal with claims against BFS in relation to:

   -- the individual trusts it managed;

   -- its role as an execution-only portfolio manager, where the
      marketing materials it used to promote its investment
      trusts may have wrongly described the risks associated
      with those investment trusts; and

   -- its role as a discretionary portfolio manager, where it
      could have misled its customers by holding investments
      within its portfolios that were unsuitable for their risk
      levels.

"Declaring BFS Investments Plc in default means that we are now
ready to consider claims from investors who may have lost money
as a result of investing in certain BFS split capital investment
trusts," FSCS Chief Executive, Loretta Minghella said.  "We are
aiming to deal with these claims as quickly as possible. Some
straightforward claims may be completed in a matter of weeks
while the more complicated ones are likely to take longer.  We
plan to complete the bulk of them within the next nine months.

                      About BFS Investments

BFS Investments plc -- http://www.bfsinvest.co.uk/-- is a fund
management firm that used to operate in the split capital trust
industry.  BFS Creditors confirmed the company's voluntary
liquidation after members passed a resolution to wind up the
company's operations on Feb. 10, 2006.


BHE SPORTS: Appoints Joint Administrators from Vantis
-----------------------------------------------------
Mark Newman and Vincent John Green of Vantis Business Recovery
Services were appointed joint administrators of BHE Sports Ltd.
(Company Number 03965731) on Nov. 12.

Headquartered in United Kingdom, Vantis Plc (fka Vantis
Numerica) -- http://www.vantisplc.com/-- provides accounting,
business and tax advisory services in the United Kingdom.

The company can be reached at:

         BHE Sports Ltd.
         Mullineux Street
         Worsley
         Manchester
         M28 3DZ
         England
         Tel: 0161 790 5071
         Fax: 0161 703 7324


BLOXWICH AUTOMOTIVE: Taps Grant Thornton as Administrators
----------------------------------------------------------
Neil Tombs, Gerald Smith and Anthony Flynn of Grant Thornton
U.K. LLP were appointed Nov. 12, joint administrators of

   -- Bloxwich Automotive Ltd. (Company Number 02169644);

   -- Bloxwich Engineering Ltd. (Company Number 00153221);

   -- Bloxwich Security Products Ltd. (Company Number 00839020);

   -- Bloxwich Transportation Products Ltd. (Company Number
      00727585); and

   -- Bloxwich Fabrications Ltd. (Company Number 03912018).

Grant Thornton U.K. LLP -- http://www.grant-thornton.co.uk/--
provides value-added professional services as assurance
services, compensation and benefits, merger and acquisition
transaction services, management advisory services, tax
consulting and valuation services.

Headquartered in Walsall, England, the companies manufacture
cars.


BODYSHOP MANAGEMENT: Names Administrator from Tenon Recovery
------------------------------------------------------------
D.R. Beat of Tenon Recovery was named administrator of Bodyshop
Management Systems Ltd. (Company Number 2381404) on Nov. 14.

Tenon Recovery -- http://www.tenongroup.com/-- provides
accounting and business advice to owner-managed and private
business.

The company can be reached at:

         Bodyshop Management Systems Ltd.
         Unit C1
         Springhead Road
         Springhead Enterprise Park
         Northfleet
         Gravesend
         DA11 8HD
         England
         Tel: 0870 845 8141
         Fax: 0870 845 8140
         Web site: http://www.bms.co.uk/


CLARITY FINANCIAL: Calls In Liquidators from Tenon Recovery
-----------------------------------------------------------
Nigel Ian Fox and Stanley Donald Burkett-Coltman of Tenon
Recovery were appointed joint liquidators of Clarity Financial
Ltd. on Nov. 21 for the creditors' voluntary winding-up
proceeding.

The joint liquidators can be reached at:

         Tenon Recovery
         Highfield Court
         Tollgate
         Chandlers Ford
         Eastleigh
         Hampshire
         SO53 3TZ
         England


DAVEY & CO: Names Philip Michael Lyon Liquidator
------------------------------------------------
Philip Michael Lyon of Mazars LLP was appointed liquidator of
Davey & Co. (Agencies) Ltd. on Nov. 14 for the creditors'
voluntary winding-up procedure.

The liquidator can be reached at:

         Mazars LLP
         Cartwright House
         Tottle Road
         Nottingham
         NG2 1RT
         England


DTD CONCEPTS: Brings In Administrators from Grant Thornton
----------------------------------------------------------
John Neville Whitfield and Gerald Clifford Smith of Grant
Thornton U.K. LLP were appointed joint administrators of DTD
Concepts Ltd. (Company Number 05315623) on Nov. 12.

Grant Thornton U.K. LLP -- http://www.grant-thornton.co.uk/--
provides value-added professional services as assurance
services, compensation and benefits, merger and acquisition
transaction services, management advisory services, tax
consulting and valuation services.

Headquartered in Leamington Spa, England, DTD Concepts Ltd. --
http://www.dtdconcepts.co.uk/-- is engaged in labor
recruitment.


FORD MOTOR: Strike Continues Despite Initial Wage Agreement
-----------------------------------------------------------
The strike at Ford Motor Co.'s site in Vsevolozhsok, Russia,
continues despite a meeting between company management and
employees on Nov. 26, 2007, The Associated Press reports.

According to union chief Alexei Etmanov, the management agreed
in principle to raising wages, but did not disclose concrete
figures, AP relates.

"We haven't agreed on anything," Mr. Etmanov was quoted by the
Associated Press as saying.

Ford, meanwhile, said it would resume production today, Nov. 28,
with non-striking employees working on single shift.

"We are not going to comment on the management's intentions," Mr
Etmanov commented.  "Let them try to restart the assembly line,
and we'll see.  We are going to continue the strike."

As reported in the TCR-Europe on Nov. 22, 2007, workers launched
an indefinite strike on Nov. 20, 2007, demanding higher wages
and reduction of night shifts from March 2008.  The strike
halted the Ford Focus production line, RIA Novosri reports.

According to reports, Ford's workers held a 19-hour strike on
Nov. 6, 2007, after management repeatedly rejected their pay
hike demands.  They returned to work after a court ordered the
union to postpone further action until Nov. 20, 2007.

The Vsevolozhsk plant produced about 60,000 cars in 2006, mainly
the Focus model, and plant officials have said they were hoping
to increase production to 75,000 for 2007.

                       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.

                          *     *     *

Standard & Poor's Ratings Services affirmed its 'B' long-term
corporate credit and other ratings on Ford Motor Co. and Ford
Motor Credit Co. and removed them from CreditWatch with positive
implications, where they were placed Sept. 26, 2007.  S&P said
the outlook is stable.

As reported in the Troubled Company Reporter on Nov. 19, 2007,
Moody's Investors Service affirmed the long-term ratings of Ford
Motor Company (B3 Corporate Family Rating, Ba3 senior secured,
Caa1 senior unsecured, and B3 probability of default), but
changed the rating outlook to Stable from Negative and raised
the company's Speculative Grade Liquidity rating to SGL-1 from
SGL-3.

Moody's also affirmed Ford Motor Credit Company's B1 senior
unsecured rating, and changed the outlook to Stable from
Negative.

These rating actions follow Ford's announcement of the details
of the newly ratified four-year labor agreement with the UAW.


FOSTER ENGINEERING: A. Poxon Leads Liquidation Procedure
--------------------------------------------------------
A. Poxon of DTE Leonard Curtis was appointed liquidator of
Foster Engineering Ltd. (formerly MGM Precision Engineering
Ltd.) on Nov. 20 for the creditors' voluntary winding-up
procedure.

The liquidator can be reached at:

         DTE Leonard Curtis
         DTE House
         Hollins Mount
         Hollins Lane
         Bury
         Lancs
         BL9 8AT
         England


HAIR & BEAUTY: Appoints Martin Dominic Pickard as Liquidator
------------------------------------------------------------
Martin Dominic Pickard of Mazars LLP was appointed liquidator of
Hair & Beauty Brokers Ltd. on Nov. 16 for the creditors'
voluntary winding-up procedure.

The liquidator can be reached at:

         Mazars LLP
         Sovereign Court
         Witan Gate
         Milton Keynes
         MK9 2HP
         England


HIGHLIGHT DIGITAL: Brings In Menzies to Administer Assets
---------------------------------------------------------
Philip Duffy and David John Whitehouse of Menzies Corporate
Restructuring were appointed joint administrators of Highlight
Digital Imaging & Print Ltd. (Company Number 02974238) on
Nov. 14.

Menzies Corporate Restructuring -- http://www.menzies.co.uk/--
provides corporate restructuring services including: services
for directors or stakeholders of troubled businesses; services
to Lenders of troubled businesses; raising rescue funding at
short notice; and forensic and fraud services.

The company can be reached at:

         Highlight Digital Imaging & Print Ltd.
         19 Adlington Court
         Birchwood
         Warrington
         WA3 6PL
         England
         Tel: 01925 831 678
         Fax: 01925 820 472


J CHARLTON: Appoints Joint Administrators from KPMG
---------------------------------------------------
Howard Smith and Mark Granville Firmin of KPMG LLP were
appointed joint administrators of J. Charlton Civil and Water
Engineers Ltd. (Company Number 05645396) on Nov. 13.

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

The company can be reached at:

         J. Charlton Civil and Water Engineers Ltd.
         Quayside House
         110 Quayside
         Newcastle upon Tyne
         NE1 3DX
         England


JS CHINN: 80 Parties Show Interest to Buy Company
-------------------------------------------------
Js Chinn Holdings could be sold within the next few weeks after
80 parties expressed interest in buying the company, Leicester
Mercury reports.

Stuart Maddison of PricewaterhouseCoopers told Leicester Mercury
that 10 offers maybe selected from the interested parties.

"We had some inquiries from some very serious players in the
aerospace industry from all across the U.K," Mr. Maddison said.

The report notes that around 80 jobs could be saved at the
company's manufacturing units: 55 people from AO Henton
Engineering Company and another 23 at JS Chinn Engineering.

"So far only two people have been made redundant at JS Chinn but
the business remains strong and is trading well and we have not
lost any customers," Mr. Maddison added to Leicester Mercury.

PricewaterhouseCoopers LLP -- http://www.pwcglobal.com/--
provides auditing services, accounting advice, tax compliance
and consulting, financial consulting and advisory services to
clients in a variety of industries.

The companies manufacture of aircraft and spacecraft components.

JS Chinn Holdings Ltd and certain of its subsidiaries had an
annual turnover of approximately GBP22 million in 2006 and
operates in the aerospace, military and light engineering
sector.  It operates from four sites in Coventry and Hinckley
and employs approximately 280 employees.


MAYS ENGINEERING: Brings In Liquidators from Vantis
---------------------------------------------------
Colin Ian Vickers and Christopher David Stevens of Vantis plc
were appointed joint liquidators of Mays Engineering Design Ltd.
on Nov. 20 for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

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


MONITOR OIL: Files for Bankruptcy Protection in New York
--------------------------------------------------------
Monitor Oil plc, along with two subsidiaries, Monitor Single
Lift 1, Ltd., and Monitor U.S. FinCo, Inc., has filed voluntary
petitions under Chapter 11 of the Bankruptcy Code with the U.S.
Bankruptcy Court for the Southern District of New York.

In its Web site, the company's directors stated that the filing
was done after careful consultation with its advisers with a
view to seeking to preserve value in the Company's material
assets.

The company related that it expects debtor-in-possession
financing will be made available to the company within the
Chapter 11 process in order to allow restructuring opportunities
to be considered and if thought appropriate, taken forward.

Headquartered in the Cayman Islands, Monitor Oil, Plc --
http://www.monitoroil.com/-- provides oil and gas production
solutions, offshore services and engineering services.  Through
its wholly owned subsidiaries Monitor has been active in the
North Sea offshore oil and gas industry for over 10 years.  The
company is currently listed on the Norwegian OTC market and
intends to secure a full listing on the Oslo Bors.


MONITOR OIL: Voluntary Chapter 11 Case Summary
----------------------------------------------
Lead Debtor: Monitor Oil, P.L.C.
             250 West 57th Street, Suite 1610
             New York, NY 10107

Bankruptcy Case No.: 07-13709

Debtor-affiliates filing separate Chapter 11 petitions:

        Entity                                     Case No.
        ------                                     --------
        Monitor Single Lift 1, Ltd.                07-13708
        Monitor U.S. FinCo, Inc.                   07-13710

Type of Business: The Debtor is an oil and gas service company
                  that provides oil and gas production
solutions,
                  offshore services and engineering services.
                  See http://www.monitoroil.com/

Chapter 11 Petition Date: November 21, 2007

Court: Southern District of New York (Manhattan)

Debtors' Counsel: Eric Lopez Schnabel, Esq.
                  Dorsey & Whitney, L.L.P.
                  250 Park Avenue
                  New York, NY 10177
                  Tel: (212) 415-9368
                  Fax: (302) 355-0830

Consolidated Quarterly Financial Condition as of June 30, 2007:

Total Assets: US$310,100,000

Total Debts:  US$247,800,000

The Debtors did not submit a list of their largest unsecured
creditors.


MULTILAYER COMMUNICATIONS: Brings In Kroll to Administer Assets
---------------------------------------------------------------
Fraser J. Gray and Peter M. Saville of Kroll Ltd. were appointed
joint administrators of Multilayer Communications Ltd. (Company
Number 04293460) on Nov. 15.

Kroll Limited -- http://www.krollworldwide.com/-- offers risk-
consulting services worldwide.  The firm is an operating unit of
Marsh & McLennan Companies, Inc., the global professional
services firm.  Kroll's services include corporate advisory and
restructuring, financial accounting, valuation and litigation,
electronic evidence and data recovery, business intelligence and
investigations, background screening, and security services.

The company can be reached at:

         Multilayer Communications Ltd.
         Innovator House
         Silverbriar
         Sunderland
         SR5 2TP
         England
         Tel: 0191 516 6801
         Fax: 0191 516 6963
         Web site: http://www.multilayer.co.uk/


PALS PRECISION: Appoints Ernst & Young to Administer Assets
-----------------------------------------------------------
R.H. Kelly and J.P. Sumpton of Ernst & Young LLP were appointed
joint administrators of Pals Precision Applicators Ltd. (Company
Number 00854230) on Nov. 13.

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

The company can be reached at:

         Pals Precision Applicators Ltd.
         St Pauls Works
         Middleton Road
         Royton
         Oldham
         OL2 5JZ
         England
         Tel: 0161 620 0236
         Fax: 0161 627 1003


PUB CLOTHES: Claims Filing Period Ends December 31
--------------------------------------------------
Creditors of Pub Clothes Ltd. (t/a The Consortium) have until
Dec. 31 to send in their full names, their addresses and
descriptions full particulars of their debts and claims, and
names and addresses of their solicitors (if any) to:

         Nigel Ian Fox
         Joint Liquidator
         Tenon Recovery
         Highfield Court
         Tollgate
         Chandlers Ford
         Eastleigh
         Hampshire
         SO53 3TZ
         England

Nigel Ian Fox and Carl Stuart Jackson of Tenon Recovery were
appointed joint liquidators of the company on Nov. 15 by
resolutions of members and creditors.


STONEHENGE LINEN: Taps Keith Aleric Stevens to Liquidate Assets
---------------------------------------------------------------
Keith Aleric Stevens of Wilkins Kennedy was appointed liquidator
of Stonehenge Linen Services Ltd. (t/a S L S Laundry) on Nov. 14
for the creditors' voluntary winding-up procedure.

The liquidator can be reached at:

         Wilkins Kennedy
         Gladstone House
         77/79 High Street
         Egham
         TW20 9HY
         England


SUNGLOSS LTD: Hires Liquidators from Tenon Recovery
---------------------------------------------------
David Antony Willis and Matthew Colin Bowker of Tenon Recovery
were appointed joint liquidators of Sungloss Ltd. on Nov. 19 for
the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Tenon Recovery
         Cleveland Business Centre
         1 Watson Street
         Middlesbrough
         TS1 2RQ
         England


TEKTRONIX INC: Completes US$2.8 Bil. Merger Deal with Danaher
------------------------------------------------------------
Danaher Corporation has completed the merger of its indirect
wholly owned subsidiary into Tektronix Inc.

On Oct. 15, 2007, the company reached a definitive agreement
under which Danaher will make a cash tender offer to acquire all
of the outstanding common shares of Tektronix for US$38 per
share.   The aggregate purchase price is approximately US$2.8
billion, including debt, transaction costs and net of cash
acquired.

The board of directors of Tektronix has unanimously recommended
that Tektronix shareholders accept and tender their shares into
the offer, which represents a premium of approximately 34% to
Tektronix's closing price on Oct. 12, 2007.

The companies also disclosed the expiration, as of 11:59 PM, New
York City time, on Nov. 20, 2007, of the subsequent offering
period in the tender offer made by Raven Acquisition Corp.,
Danaher's indirect wholly owned subsidiary, for all of the
outstanding shares of Tektronix Inc. common stock.  The initial
tender offer period expired on Nov. 15, 2007.

According to the final report of the depositary for the offer,
as of the expiration of the subsequent offering period, a total
of approximately 69,094,604 shares of Tektronix common stock had
been validly tendered and not withdrawn into the offer,
including shares tendered during the subsequent offering period
and excluding shares previously tendered pursuant to guaranteed
delivery procedures that were not actually delivered.

Stockholders who validly tendered and did not withdraw their
shares will promptly receive the offer price of US$38 per share,
net to the seller in cash without interest.  As a result of
these purchases in the tender offer and subsequent offering
period, Danaher, through Raven Acquisition Corp., now owns over
90% of the outstanding shares of Tektronix common stock.

Raven will promptly acquire all of the remaining outstanding
shares of Tektronix common stock by means of a short-form merger
under Oregon law.  In the merger, Raven will merge with and into
Tektronix, and Tektronix will become an indirect wholly owned
subsidiary of Danaher.

Tektronix's common stock will now cease to be traded on the New
York Stock Exchange.  Detailed instructions will be mailed to
former Tektronix stockholders who did not tender their shares
into the offer outlining the steps to be taken to obtain the
merger consideration of US$38 per share in cash, without
interest.

The closing of the merger and the cessation of trading of
Tektronix's common stock on the New York Stock Exchange are each
a "fundamental change" under the terms of the indenture
governing Tektronix's US$345 million aggregate principal amount
1.625% Senior Convertible Notes due 2012, which entitles the
noteholders to convert their notes into a cash amount based on
the value of a certain number of common shares to be determined
by a formula set forth in the indenture.

                    About Danaher Corporation

Headquartered in Washington, DC, Danaher Corporation (NYSE:DHR)
-- http://www.danaher.com/-- is a manufacturer of Professional
Instrumentation, Medical Technologies, Industrial Technologies
and Tools and Components.

                       About Tektronix Inc.

Headquartered in Beaverton, Oregon, Tektronix Inc. (NYSE:TEK) --
is http://www.tektronix.com/-- is a supplier of test,
measurement, and monitoring products, solutions and services for
the communications, computer, consumer electronics, and
education industries -- well as military/aerospace,
semiconductor, and a broad range of other industries worldwide.
With 60 years of experience, Tektronix enables its customers to
design, build, deploy, and manage next-generation global
communications networks, computing and advanced technologies.
Tektronix has operations in 19 countries worldwide including
United Kingdom, China, Japan, among others.

                          *     *      *

As reported in the Troubled Company Reporter on Oct. 17, 2007,
Standard & Poor's Ratings Services placed its ratings, including
the 'BB+' corporate credit rating, on Tektronix Inc. on
CreditWatch with positive implications, following the
announcement that the company will be acquired by 'A+' rated
Danaher Corp. for US$2.85 billion.


TRIFORM MOULDS: Taps Menzies as Joint Administrators
----------------------------------------------------
Jason James Godefroy and Paul John Clark of Menzies Corporate
Restructuring were appointed joint administrators of Triform
Moulds Ltd. (Company Number 02041496) on Nov. 15.

Menzies Corporate Restructuring -- http://www.menzies.co.uk/--
provides corporate restructuring services including: services
for directors or stakeholders of troubled businesses; services
to Lenders of troubled businesses; raising rescue funding at
short notice; and forensic and fraud services.

The company can be reached at:

         Triform Moulds Ltd.
         Oakridge Road
         High Wycombe
         HP11 2PF
         England
         Tel: 01494 445 354
         Web site: http://www.triformmoulds.com/


VOGUE CARS: Claims Filing Period Ends Jan. 1, 2008
--------------------------------------------------
Creditors of Vogue Cars Ltd. have until Jan. 1, 2008 to send in
their full names, their addresses and descriptions, full
particulars of their debts or claims, and the names and
addresses of their solicitors (if any) to:

         David Anthony Ingram
         Joint Liquidator
         Chantrey Vellacott DFK LLP
         Russell Square House
         10-12 Russell Square
         London
         WC1B 5LF
         England

David Anthony Ingram and Kevin Anthony Murphy of Chantrey
Vellacott DFK LLP were appointed joint liquidators of the
company on Nov. 5 by resolutions of creditors.


                            *********

Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par.  Prices
are obtained by TCR editors from a variety of outside sources
during the prior week we think are reliable.  Those sources may
not, however, be complete or accurate.  The Monday Bond Pricing
table is compiled on the Friday prior to publication.  Prices
reported are not intended to reflect actual trades.  Prices for
actual trades are probably different.  Our objective is to share
information, not make markets in publicly traded securities.
Nothing in the TCR constitutes an offer or solicitation to buy
or sell any security of any kind.  It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.

Each Tuesday edition of the TCR contains a list of companies
with insolvent balance sheets whose shares trade higher than
US$3 per share in public markets.  At first glance, this list
may look like the definitive compilation of stocks that are
ideal to sell short.  Don't be fooled.  Assets, for example,
reported at historical cost net of depreciation may understate
the true value of a firm's assets.  A company may establish
reserves on its balance sheet for liabilities that may never
materialize.  The prices at which equity securities trade in
public market are determined by more than a balance sheet
solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals.  All titles are
available at your local bookstore or through Amazon.com.  Go to
http://www.bankrupt.com/booksto order any title today.

                            *********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Jazel P. Laureno, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala, Pius Xerxes
Tovilla, Kristina Godinez, Patrick Abing and Marites Claro,
Editors.

Copyright 2007.  All rights reserved.  ISSN 1529-2754.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without
prior written permission of the publishers.

Information contained herein is obtained from sources believed
to be reliable, but is not guaranteed.

The TCR Europe subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for
members of the same firm for the term of the initial
subscription or balance thereof are US$25 each. For subscription
information, contact Christopher Beard at 240/629-3300.


                 * * * End of Transmission * * *