TCREUR_Public/071206.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                           E U R O P E

           Thursday, December 6, 2007, Vol. 8, No. 242

                            Headlines




A U S T R I A

ENERGIE LIEBOCH: Creditors' Meeting Slated for Dec. 13
ING. J. SCHINKO: Creditors' Meeting Slated for Dec. 20
MONDTECH LLC: Creditors' Meeting Slated for Dec. 13
OLIVIN HANDEL: Creditors' Meeting Slated for Dec. 13


B E L G I U M

INTERSTATE HOTELS: Completes US$118 Mln Buyout of Three Hotels
SOLUTIA INC: Noteholders to Appeal Ruling on Claim
TENNECO INC: Completes Partial Offering of 10-1/4% Senior Notes


D E N M A R K

CLEAR CHANNEL: Gets FCC Approval for US$1.3BB Sale to Newport TV
CLEAR CHANNEL: Provides Update on Bain Capital/THLP Merger
CLEAR CHANNEL: Paying US$0.1875 Quarterly Dividend by January 15


F R A N C E

CHARLES JOURDAN: Owner Faces Fraud Charges; Bidder Quits Race
GOODYEAR TIRE: Names Xerox's James Firestone to Board


G E R M A N Y

AMIKON GMBH: Claims Registration Ends January 7, 2008
BEBRA BIOGAS: Claims Registration Ends January 3, 2008
BOHLENS BETEILIGUNGS: Claims Registration Ends January 7, 2008
CARDISCOUNTER RONIG: Claims Registration Ends January 7, 2008
CK HOLZBAU: Claims Registration Ends January 3, 2008

FOTO SOMMER: Claims Registration Ends January 7, 2008
FRESENIUS MEDICAL: Acquires Renal Solutions for US$190 Million
FRESENIUS SE: Kabi Arm to Acquire Nestle French & Spanish Units
FRISCHA GETRAENKEMAERKTE: Claims Period Ends Dec. 28
HEINZ KNORR: Claims Registration Period Ends Jan. 7, 2008

IDB DISKOTHEKENBETRIEBE: Claims Registration Ends Jan. 8, 2008
JEDERMANN(S) GASTSTAETTEN: Claims Filing Period Ends Dec. 31
KARL RICK: Claims Registration Period Ends Jan. 7, 2008
L.K.O. LOGISTIK: Claims Registration Ends Jan. 2, 2008
LE WA TEC: Claims Registration Period Ends Jan. 7, 2008

R.S. WEINHANDELS: Claims Registration Ends Jan. 4, 2008
STAHL GERAETE: Claims Registration Period Ends Dec. 28
STEINBERG GRUNDSTUECKSVERWALTUNGS: Claims Period Ends Dec. 18
TEAM-BAU LEIPZIG: Claims Registration Period Ends Dec. 31
UDO NERLICH: Claims Registration Ends January 2, 2008


I R E L A N D

AFFILIATED COMPUTER: Fitch Removes BB Ratings from Watch Neg.
REID TRANSPORT: Seeks Administrators After Sale Attempts Failed


I T A L Y

XEROX CORP: Names New Senior Leadership in North America


K A Z A K H S T A N

BELAGASH LLP: Proof of Claim Deadline Slated for Jan. 8
INTERTECHENERGO LLP: Creditors Must File Claims Jan. 4
KAZAKH MORTGAGE: Moody's Affirms Ba2 Rating on US$7.1 Mln Notes
KAZAKHTELECOM JSC: Claims Filing Period Ends Jan. 4
KAZLES LLP: Creditors' Claims Due on Jan. 8

QUARTS KG: Claims Registration Ends Jan. 4
RAMAZAN OJSC: Creditors Must File Claims Jan. 4
VIP HUNTING: Claims Filing Period Ends Jan. 4


K Y R G Y Z S T A N

SHAM SERVICE: Creditors Must File Claims by January 11, 2008


P O R T U G A L

BEARINGPOINT INC: Board Names Edwin Harbach as CEO & President


R U S S I A

EXPORTINSTRUMENT OJSC: Court Starts Bankruptcy Supervision
INFORMATION AND INTELLIGENT: Claims Filing Period Ends Dec. 24
IRBITSKIJ GLASS: Creditors Must File Claims by Jan. 24, 2008
KINEL'SKAYA CJSC: Creditors Must File Claims by Dec. 24
M-KEDR OJSC:Creditors Must File Claims by Dec. 24

MOSCVORETSKIJ BREWERY OJSC: Asset Sale Slated for Dec. 26
PRECHISTENSKIJ CHEESE: Asset Sale Slated for Dec. 26
PRESTIGE LLC: Creditors Must File Claims by Dec. 24
PROKHLADNENSKOYE SUBSIDIARY: Court Starts Bankruptcy Supervision
ROSNEFT OIL: Two Vice-Presidents Resign from Posts

SUZEMSKIJ CHEESEMAKER: Claims Filing Period Ends Jan. 24, 2008
TD METALWORK: Creditors Must File Claims by Dec. 24
TVER'-INKOU TOBACCO: Asset Sale Slated for Dec. 24

* Fitch Upgrades Republic of Karelia's Ratings to BB-
* Fitch Upgrades Republic of Sakha's Ratings to BB-


S W I T Z E R L A N D

ALBIN LLC: Claims Registration Period Ends December 12
B.REGLI JSC: Creditors' Liquidation Claims Due by December 12
DAEDALOS CONSULTING: Creditors Must File Claims by December 12
DIGI ARTIS: Creditors' Liquidation Claims Due by December 12
FRITZ KOPP: Creditors' Liquidation Claims Due by December 12

HP KULL: Creditors' Liquidation Claims Due by December 12
IFD JSC: Creditors' Liquidation Claims Due by December 12
KITALAN JSC: Creditors' Liquidation Claims Due by December 12
MAINMAN JSC: Creditors' Liquidation Claims Due by December 12
TRAMANO TRADING: Creditors' Liquidation Claims Due by Dec. 12


U K R A I N E

DEPARTMENT CAPITAL: Creditors Must File Claims by December 7
DWELLING MEDPROJECT: Creditors Must File Claims by December 8
ELITE LLC: Creditors Must File Claims by December 7
LEGION TRADE: Creditors Must File Claims by December 7
LOZNA LLC: Creditors Must File Claims by December 7

MASIA LLC: Creditors Must File Claims by December 7
NOTER-LVO LLC: Creditors Must File Claims by December 8
OBRIY-2 LLC: Creditors Must File Claims by December 7
POLITANKI AGRICULTURAL: Creditors Must File Claims by December 7
STROYMIKS LLC: Creditors Must File Claims by December 7

TCHUBAR COLLECTIVE: Creditors Must File Claims by December 7
TECHNO-ALLIANCE LLC: Creditors Must File Claims by December 8
TERRA-PRODUCTION LLC: Creditors Must File Claims by December 7
WESTERN-UKRAINIANAL CENTER: Creditors' Claims Due December 7


U N I T E D   K I N G D O M

AUDUS NOBLE: Calls In Liquidators from Grant Thornton
BERNARD WARD: Brings In Liquidators from KPMG
BRITMIX LTD: J. M. Titley Leads Liquidation Procedure
EUROPA THREE: Fitch Rates Classes E-1 and E-2 Notes at BB
HLM CLEARANCE: Taps Liquidators from Vantis Business Recovery

ISLE OF CAPRI: Posts US$24.6 Mln Net Loss in Quarter Ended Oct.
J EDWARDS: Appoints Liquidators from Tenon Recovery
M & G HAULAGE: Brings In Liquidators from Vantis
MBIA INC: Shrinks Hudson Thames SIV to US$400 Million
NORTHERN ROCK: Treasury Mulls Nationalization Absent Sale Deal

PKA PROMOTIONS: Taps Michael Young to Liquidate Assets
POPE & TALBOT: Asks Court for Authority to Sell Surplus Lands
POPE & TALBOT: Wants to Perform Cross-Border Insolvency Protocol
POPE & TALBOT: Selects KPMG LLP as Independent Auditor
PRIME MARKETING: Names Micahel Peter Gerrard Liquidator

UK BAKERIES: Administrator to Secure Sale Before Christmas
UK COALITION: Hires Liquidators from Kingston Smith & Partners

* Upcoming Meetings, Conferences and Seminars




                            *********


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A U S T R I A
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ENERGIE LIEBOCH: Creditors' Meeting Slated for Dec. 13
------------------------------------------------------
Creditors owed money by LLC Energie Lieboch  (fka LLC Bioenergie
Stallhofen) (FN 235304k) are encouraged to attend the creditors'
meeting at 10:10 a.m. on Dec. 13.

The creditors' meeting will be held at:

         The Land Court of Graz
         Room 222
         Second Floor
         Graz
         Austria

Headquartered in Lieboch, Austria, the Debtor declared
bankruptcy on Oct. 25 (40 S 29/07y).  Franz Doppelhofer serves
as the court-appointed estate administrator of the Bankrupt's
estate.

The estate administrator can be reached at:

         Mag. Franz Doppelhofer
         Reitschulgasse 1
         8010 Graz
         Austria
         Tel: 0316/81 00 30
         Fax: 0316/81 00 80
         E-mail: office@fritschpartner.at  


ING. J. SCHINKO: Creditors' Meeting Slated for Dec. 20
------------------------------------------------------
Creditors owed money by LLC Ing. J. Schinko Beton- und
Fertigteil-Werk (FN 60657b) are encouraged to attend the
creditors' meeting at 2:00 p.m. on Dec. 20.

The creditors' meeting will be held at:

         The Land Court of Graz
         Room 230
         Hall L
         Graz
         Austria

Headquartered in Kirchbach, Austria, the Debtor declared
bankruptcy on Oct. 30 (25 S 115/07k).  Candidus Cortolezis
serves as the court-appointed estate administrator of the
Bankrupt's estate.

The estate administrator can be reached at:

         Dr. Candidus Cortolezis
         Hauptplatz 14
         8010 Graz
         Tel: 0316/813973
         Fax: 0316/847797
         E-mail: office@cortolezis.com  


MONDTECH LLC: Creditors' Meeting Slated for Dec. 13
---------------------------------------------------
Creditors owed money by LLC Mondtech (FN 263030i) are encouraged
to attend the creditors' meeting at 10:00 a.m. on Dec. 13.

The creditors' meeting will be held at:

         The Land Court of Graz
         Room 222
         Second Floor
         Graz
         Austria

Headquartered in Voitsberg, Austria, the Debtor declared
bankruptcy on Oct. 25 (26 S 90/07s).  Wolfgang Klobassa serves
as the court-appointed estate administrator of the Bankrupt's
estate.

The estate administrator can be reached at:

         Dr. Wolfgang Klobassa
         Conrad-von-Hoetzendorf-Strasse 15
         8570 Voitsberg
         Austria
         Tel: 03142/21850
         Fax: 03142/21850-6
         E-mail: insolvenz@ra-semlitsch-klobassa.at  


OLIVIN HANDEL: Creditors' Meeting Slated for Dec. 13
----------------------------------------------------
Creditors owed money by LLC OLIVIN Handel und Betrieb (FN
244223b) are encouraged to attend the creditors' meeting at 1:20
p.m. on Dec. 13.

The creditors' meeting will be held at:

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

Headquartered in Altmuenster, Austria, the Debtor declared
bankruptcy on Oct. 29 (20 S 132/07y).  Gerhard Goetschhofer
serves as the court-appointed estate administrator of the
Bankrupt's estate.

The estate administrator can be reached at:

         Dr. Gerhard Goetschhofer
         Schlossplatz 15
         4655 Vorchdorf
         Austria
         Tel: 07614/7575
         Fax: 07614/7575-14
         E-mail: rechtsanwalt@goetschhofer.at  


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B E L G I U M
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INTERSTATE HOTELS: Completes US$118 Mln Buyout of Three Hotels
--------------------------------------------------------------
Interstate Hotels & Resorts has completed the transaction to
acquire three hotels from affiliates of The Blackstone Group
L.P. for an aggregate price of US$118 million.

Two of the hotels, the 321-room Hilton Seelbach Louisville in
Kentucky and the 226-room Crowne Plaza Madison in Wisconsin,
were acquired through a joint venture partnership with
Investcorp International's U.S.-based Real Estate Group.

Interstate invested approximately US$4.7 million for a 15%
equity interest in these properties, which will continue to be
operated by Interstate under new management agreements.

As part of the overall transaction, Interstate closed on the
acquisition of a 100% interest in the third hotel, the Sheraton
Columbia, for US$46.5 million.  The company will immediately
begin a US$12 million comprehensive renovation of the property,
including upgrades to all guest rooms and public spaces.  The
renovation is expected to be completed by the end of 2008.

Interstate funded the acquisitions with available cash and
capacity under its senior revolving credit facility.

"This transaction, which includes our seventh wholly owned
property and two additional joint venture properties,
illustrates our continued ability to execute on our growth
strategy," Thomas F. Hewitt, Interstate's chief executive
officer, said.  "We know these properties well and are confident
that we can create substantial value for our partners and our
shareholders."

                    Sheraton Columbia Maryland
    
The 288-room Sheraton Columbia Hotel is located in Columbia,
Maryland, a 14,000-acre planned community approximately 40 miles
north of Washington, D.C., and 15 miles from Baltimore.  
Situated in Howard County features more than 2,500 businesses,
over 60,000 jobs, 21 million square feet of commercial and
residential space and an array of social, cultural, educational,
entertainment and recreational programs and facilities.
    
                Hilton Seelbach Louisville Kentucky
    
Since its opening in 1905, Seelbach Hilton Louisville, a 321-
room property offers the atmosphere of a bygone era including
internet access in all guest rooms and meeting rooms. It also is
home to Kentucky's Oak Room restaurant.  The hotel is situated
downtown, close to Louisville's attractions.
    
                  Crowne Plaza Madison Wisconsin
    
Located off I-90/94, three miles from the Madison airport, the
226-room Crowne Plaza is situated near Madison's shopping mall,
theater and restaurants, and proximate to the city's convention
center, the University of Wisconsin and the state capitol.
Renovated in 2005, the hotel features an indoor pool, restaurant
and lounge, a business center and more than
6,800 square feet of meeting space.
    
               About Investcorp Real Estate Group

The Investcorp Real Estate Group (LSE: IVC, BSE: INVCORP) --
http://www.investcorp.com/--  is a return-oriented real estate   
investor.  Investcorp's real estate team, is experienced in the
acquisition, development, financing, leasing, management, and
disposition of a wide variety of property types including
office, retail, hotel, residential, mixed-use, luxury resort and
others.  The Investcorp Real Estate Group is part of Investcorp,
a provider and manager of alternative investment products.  
Investcorp has offices in New York, London and Bahrain.  Founded
in 1982, the firm has five lines of business: private equity,
real estate, hedge funds, venture capital and Gulf growth
capital.

             About Interstate Hotels & Resorts Inc.

Headquartered in Arlington, Virginia, Interstate Hotels &
Resorts Inc. (NYSE: IHR)-- http://www.ihrco.com/-- operated   
189 hospitality properties with more than 43,000 rooms in
36 states, the District of Columbia, Belgium, Canada, Ireland,
Mexico and Russia, including six wholly-owned properties and
20 properties with a minority ownership interest through 13
separate joint ventures, as of Aug. 31, 2007.  In addition,
Interstate Hotels & Resorts has contracts to manage 16
hospitality properties with nearly 4,600 rooms under
development.

                          *     *     *

Moody's Investor Services placed Interstate Hotels & Resorts
Inc.'s long term corporate family rating at B1 in January 2007.  
The outlook is negative.

In August 2004, Standard & Poor's placed the company's long term
foreign and local issuer credit ratings at B.  

Both ratings still hold to date.


SOLUTIA INC: Noteholders to Appeal Ruling on Claim
--------------------------------------------------
The Bank of New York, as Indenture Trustee for the 11.25% Senior
Secured Notes due 2009 issued by Solutia Inc. and its
predecessor, takes an appeal to the United States District Court
for the Southern District of New York under 28 U.S.C. Section
158(a) from each and every part of:

   (a) the order of the U.S. Bankruptcy Court for the Southern
       District of New York denying BNY's request for relief
       from the automatic stay, entered Nov. 26, 2007;

   (b) Judge Beatty's November 9 memorandum decision on joint
       motion for partial summary judgment with respect to Claim
       No. 6210, and the November 26 final order granting
       partial summary judgment in favor of the Debtors and the
       Official Committee of Unsecured Creditors regarding the
       Debtors' objection to BNY's Claim No. 6210; and

   (c) Judge Beatty's ruling on BNY's emergency motion for
       reconsideration of the Memorandum Decision on Joint
       Motion for Partial Summary Judgment, issued on
       November 26.

                    Bankruptcy Court's Ruling

The Debtors's Consensual Plan provides, among other things, that
the  holders of the Debtors' 11.25% senior secured notes will be
paid the allowed amount of their claim in full, in cash on the
effective date.

On Nov. 9, 2007, the Court issued its memorandum decision on
the Debtors', the Official Committee of Unsecured Creditors',
and the 2009 Noteholders' motions for partial summary judgment
with respect to Claim No. 6210, where it concluded, among other
things, that the Claim has a principal balance of
US$187,400,000.

Bank of New York, as indenture trustee for the 11.25% senior
secured notes due 2009 issued by Solutia Inc., or its
predecessor, filed a motion for reconsideration of the Court's
Memorandum Decision, which was denied.  The Court entered its
final order granting partial summary judgment in favor of the
Debtors and Creditors Committee regarding the Debtors' objection
to Claim No. 6210 on November 26, 2007.

In the final order, the Court allowed Claim No. 6210, (i) the
original issued amount of the 2009 Notes of US$181,711,550, and
(ii) the accrued prepetition original issue discount of
US$5,666,797.  Pursuant to Section 506(b) of the Bankruptcy Code
these interest on Claim No. 6210 will be allowed:

    -- US$21,611,958, the accrued original issue discount from
       the Petition Date through November 9, 2007; and

    -- an amount equal to the number of days from November 9,
       2007 to the effective date of Solutia's Plan multiplied
       by US$20,158, the daily accrued original issue discount
       from the Peittion Date from November 9, 2007, through
       Jan. 15, 2008; provided that the effective date or the
       Plan has not occurred on or before January 15, until the
       efective date of Solutia Inc's plan will be multiplied by
       US$21,735.

The Court also denied Bank of New York's motion to lift stay.

                        About Solutia Inc.

Headquartered in St. Louis, Missouri, Solutia Inc. (OTCBB:SOLUQ)
-- http://www.solutia.com/-- and its subsidiaries, engage in  
the manufacture and sale of chemical-based materials, which are
used in consumer and industrial applications worldwide.   
Solutia has operations in Malaysia, China, Singapore, Belgium,
and Colombia.  The company and 15 debtor-affiliates filed for
chapter 11 protection on Dec. 17, 2003 (Bankr. S.D.N.Y. Case No.
03-17949).  When the Debtors filed for protection from their
creditors, they listed
US$2,854,000,000 in assets and US$3,223,000,000 in debts.

Solutia is represented by Richard M. Cieri, Esq., Jonathan S.
Henes, Esq., and Michael A. Cohen, Esq., at Kirkland & Ellis
LLP, in New York, as lead bankruptcy counsel, and David A.
Warfield, Esq., and Laura Toledo, Esq., at Blackwell Sanders
LLP, in St. Louis Missouri, as special counsel.  Trumbull Group
LLC is the Debtor's claims and noticing agent.  Daniel H.
Golden, Esq., Ira S. Dizengoff, Esq., and Russel J. Reid, Esq.,
at Akin Gump Strauss Hauer & Feld LLP represent the Official
Committee of Unsecured Creditors, and Derron S. Slonecker at
Houlihan Lokey Howard & Zukin Capital provides the Creditors'
Committee with financial advice. The Official Committee of
Retirees of Solutia, Inc., et al., is represented by Daniel D.
Doyle, Esq., Nicholas A. Franke, Esq., and David M. Brown, Esq.,
at Spencer Fane Britt & Browne, LLP, in St. Louis, Missouri, and
Frank M. Young, Esq., Thomas E. Reynolds, Esq., R. Scott
Williams, Esq., at Haskell Slaughter Young & Rediker, LLC, in
Birmingham, Alabama.

On Feb. 14, 2006, the Debtors filed their Reorganization Plan &
Disclosure Statement.  On May 15, 2007, they filed an Amended
Reorganization Plan and on July 9, 2007, filed a 2nd Amended
Reorganization Plan.  The Bankruptcy Court approved the Debtors'
amended Disclosure Statement on Oct. 19, 2007.  On Oct. 22,
2007, the Debtor re-filed a Consensual Plan & Disclosure
Statement and on November 29, the Court confirmed the Debtors'
Consensual Plan.  (Solutia Bankruptcy News, Issue No. 109;
Bankruptcy Creditors' Service, Inc.,
http://bankrupt.com/newsstand/or 215/945-7000).   

                         *     *     *

Solutia carries Moody's Investors Service's B1 Corporate Family
Rating and Probability of Default Rating.


TENNECO INC: Completes Partial Offering of 10-1/4% Senior Notes
---------------------------------------------------------------
Tenneco Inc. has completed its partial tender offer and consent
solicitation for its 10-1/4% Senior Secured Notes due 2013
(CUSIP 880349AD7).

As of midnight, New York City time, on Nov. 30, 2007, the
expiration date, holders of Notes had tendered approximately
US$474 million principal amount of Notes and Tenneco purchased
US$230 million principal amount of such Notes, which was the
maximum amount of the offer, or 48.5% of the principal amount of
Notes tendered in the offer.

The total purchase price of the Notes was US$250 million,
including US$20 million in premiums.  Holders whose Notes were
accepted for purchase were also paid accrued and unpaid interest
on their purchased Notes up to, but not including the payment
date.

Banc of America Securities LLC and Citigroup Global Markets,
Inc. served as dealer managers and solicitation agents in
connection with the tender offer and consent solicitation.

                        About Tenneco Inc.

Based in Lake Forest, Illinois, Tenneco Inc., (NYSE: TEN) --
http://www.tenneco.com/-- manufactures automotive ride and      
emissions control products and systems for both the original
equipment market and aftermarket.  Brands include Monroe(R),
Rancho(R), and Fric Rot ride control products and Walker(R) and
Gillet emission control products.  The company has operations in
Argentina, Japan, and Germany, with its European operations
headquartered in Brussels, Belgium.  The company has
approximately 19,000 employees worldwide.

                          *     *     *

As reported in the Troubled Company Reporter on Sept. 26, 2007,
Fitch Ratings has placed Tenneco Inc.'s Issuer Default Ratings
and securities ratings on Rating Watch Negative.  Fitch
confirmed these ratings: (i) IDR 'BB-'; (ii) Senior secured bank
facility 'BB+'; (iii) Senior secured notes 'BB'; and (iv)
Subordinated 'B'.


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D E N M A R K
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CLEAR CHANNEL: Gets FCC Approval for US$1.3BB Sale to Newport TV
----------------------------------------------------------------
Clear Channel Communication Inc. received approval from the
Federal Communications Commission to sell 35 television stations
to Newport Television LLC, a private equity firm controlled by
Providence Equity Partners Inc., for US$1.3 billion, various
sources report.  

In its order, the FCC denied a petition filed by Buckley
Broadcasting of Monterey, seeking reconsideration of the 2002
Commission decision granting applications to transfer control of
the Ackerley Group Inc. to Clear Channel.

However, the FCC approval comes with certain conditions that
must be met by Newport in six months, including divesting TV
stations in nine markets where it is in violation with FCC
ownership rules.  
Companies must comply with the numerical ownership limits of the
FCC local television ownership rule.  The nine market areas are
Bakersfield, San Francisco, Santa Barbara, Fresno and Monterey
in California; Salt Lake City; Albany, New York; Jacksonville,
Florida, and San Antonio, Texas.

                 Cross-ownership Rule Violation

Providence has defiled an FCC newspaper-broadcast station cross-
ownership rule in five markets because it owns interests in
Spanish language network Univision Communications Inc. and
Freedom Communications Holdings Inc.

On Oct. 31, 2007, Providence filed a request for more time, in
which it states that it "had intended to comply by way of
redemption of its attributable interest in Freedom," but that
"due to extraordinarily volatile conditions in the credit market
and newspaper industry in general," it has not been able to
obtain the necessary financing.  Instead, it proposes to convert
its interest in Freedom into one that is not attributable under
the FCC's rules and, by doing so, come into compliance with the
rule.

                       About Clear Channel

Based in San Antonio, Texas, Clear Channel Communications Inc.
(NYSE:CCU) -- http://www.clearchannel.com/-- is a media
and entertainment company specializing in "gone from home"
entertainment and information services for local communities and
premiere opportunities for advertisers.  The company's
businesses include radio, television and outdoor displays.
Outside U.S., the company operates in 11 countries -- Norway,
Denmark, the United Kingdom, Singapore, China, the Czech
Republic, Switzerland, the Netherlands, Australia, Mexico and
New Zealand.

                         *     *     *

As reported in the Troubled Company Reporter on Sept. 27, 2007,
Fitch Ratings said it expects to downgrade Clear Channel
Communications Inc.'s Issuer Default Rating to 'B' from 'BB-'.  
The rating outlook is expected to be stable.  Existing ratings
remain on rating watch negative pending the closing of the
merger transaction and review of final documentation.


CLEAR CHANNEL: Provides Update on Bain Capital/THLP Merger
----------------------------------------------------------
Clear Channel Communications, Inc. provided an update on the
status of its merger with an affiliate of a private equity group
co-led by Bain Capital Partners, LLC and Thomas H. Lee Partners,
L.P.  Both parties continue to actively pursue the satisfaction
of the conditions to closing of the merger.  The remaining
material condition to be satisfied is obtaining the expiration
or termination of the waiting period under the Hart Scott Rodino
Act.

As reported in the Troubled Company Reporter on May 21, 2007,
Clear Channel entered into a second amendment to its merger
agreement with a private equity group co-led by Thomas
H. Lee Partners, L.P. and Bain Capital Partners, LLC.  Under the
terms of the merger agreement, as amended, Clear Channel
shareholders will receive US$39.20 in cash for each share they
own plus additional per share consideration, if any, if the
closing of the merger occurs after December 31, 2007.  This is
an increase from the previous cash consideration of US$39.00 per
share.

As an alternative to receiving the US$39.20 per share cash
consideration, Clear Channel's unaffiliated shareholders were
offered the opportunity on a purely voluntary basis to exchange
some or all of their shares of Clear Channel common stock on a
one-for-one basis for shares of Class A common stock in the new
corporation formed by the private equity group to acquire Clear
Channel (subject to aggregate and individual caps), plus the
additional per share consideration, if any.

Clear Channel is confident that the necessary regulatory
condition will ultimately be satisfied.  However, it is not
expected that these conditions can be satisfied in time to allow
for a closing of the merger prior to the end of 2007.

Clear Channel intends to exercise its right to extend the
Termination Date on Dec. 12, 2007 in accordance with the
provisions of the Merger Agreement.  Once extended, the new
Termination Date will be June 12, 2008.

Subject to the receipt of the requisite regulatory approval and
customary closing conditions, Clear Channel expects the closing
of the merger will occur during the first quarter 2008.

Based in San Antonio, Texas, Clear Channel Communications Inc.
(NYSE:CCU) -- http://www.clearchannel.com/-- is a media
and entertainment company specializing in "gone from home"
entertainment and information services for local communities and
premiere opportunities for advertisers.  The company's
businesses include radio, television and outdoor displays.
Outside U.S., the company operates in 11 countries -- Norway,
Denmark, the United Kingdom, Singapore, China, the Czech
Republic, Switzerland, the Netherlands, Australia, Mexico and
New Zealand.

                          *     *     *

As reported in the Troubled Company Reporter on Sept. 27, 2007,
Fitch Ratings said it expects to downgrade Clear Channel
Communications Inc.'s Issuer Default Rating to 'B' from 'BB-'.  
The rating outlook is expected to be stable.  Existing ratings
remain on rating watch negative pending the closing of the
merger transaction and review of final documentation.


CLEAR CHANNEL: Paying US$0.1875 Quarterly Dividend by January 15
----------------------------------------------------------------
The Board of Directors for Clear Channel Communications, Inc.
declared a quarterly cash dividend of US$0.1875 per share on its
Common Stock.  The dividend is payable on or before January 15,
2008 to shareholders of record at the close of business on
December 31, 2007.

Based in San Antonio, Texas, Clear Channel Communications Inc.
(NYSE:CCU) -- http://www.clearchannel.com/-- is a media
and entertainment company specializing in "gone from home"
entertainment and information services for local communities and
premiere opportunities for advertisers.  The company's
businesses include radio, television and outdoor displays.
Outside U.S., the company operates in 11 countries -- Norway,
Denmark, the United Kingdom, Singapore, China, the Czech
Republic, Switzerland, the Netherlands, Australia, Mexico and
New Zealand.

                          *     *     *

As reported in the Troubled Company Reporter on Sept. 27, 2007,
Fitch Ratings said it expects to downgrade Clear Channel
Communications Inc.'s Issuer Default Rating to 'B' from 'BB-'.  
The rating outlook is expected to be stable.  Existing ratings
remain on rating watch negative pending the closing of the
merger transaction and review of final documentation.


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


CHARLES JOURDAN: Owner Faces Fraud Charges; Bidder Quits Race
-------------------------------------------------------------
The future of Charles Jourdan SAS remains unclear after owner
Yannis Bilquez was arrested by Geneva police on charges he
defrauded investors, Hoovers reports citing Les Echos as its
source.  

According to Les Echos, Mr. Bilquez, who owns Charles Jourdan
through one of several funds Avendis Capital SA established
internationally, was held for 24 hours by police for questioning
on criminal complaints filed by the fund's investors.  He was
held on remand when the questioning ended.

Meanwhile, acquisition bidder Repetto has withdrawn its plans
for Charles Jordan, Les Echos says.  Repetto complained that Mr.
Bilquez had made recovery of the brand, and therefore any
acquisition, impossible.

The U.S. company Omniscent remains the only contender for the
acquisition of Charles Jourdan, Les Echos notes.  Omniscent was
granted a seven-day extension to submit its recovery proposal
for Charles Jourdan by the Commercial Court of Romans-sur-Isere
in Drome, France.

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.        


GOODYEAR TIRE: Names Xerox's James Firestone to Board
-----------------------------------------------------
James A. Firestone, president, Xerox North America, has been
elected to the Board of Directors of The Goodyear Tire & Rubber
Company.

"Jim has a wealth of managerial experience with a diverse group
of respected companies, including Xerox, IBM and American
Express," said Goodyear Chairman and Chief Executive Officer
Robert J. Keegan.  "We are confident that he will contribute
significantly to Goodyear's continued growth."

Mr. Firestone, 53, is an executive vice president of Xerox
Corporation and has led the company's North American operations
since 2004.  He has also served as head of Xerox's channels
group and was the company's chief strategy officer.

Before joining Xerox in 1998, Mr. Firestone worked for the IBM
Corporation as general manager of the Consumer Division and for
the Ameritech Corporation as president of Consumer Services.  He
began his business career in 1978 with American Express, where
during his 15-year tenure he ultimately rose to President,
Travelers Cheques.

Mr. Firestone holds a Bachelor of Science Degree in
international economics from Georgetown University School of
Foreign Service and a Master of public and private management
from the Yale University School of Management.

The election of Mr. Firestone brings the size of Goodyear's
board to 13 members.

                         About Goodyear

Headquartered in Akron, Ohio, The Goodyear Tire & Rubber Company
(NYSE: GT) -- http://www.goodyear.com/-- is the world's largest    
tire company.  The company manufactures tires, engineered rubber
products and chemicals in more than 90 facilities in 28
countries.  Goodyear's operations are located in Argentina,
Austria, Chile, Colombia, France, Italy, Guatemala, Jamaica,
Peru, Russia, among others.  Goodyear employs more than 80,000
people worldwide.

                          *     *     *

In June 2007, Standard & Poor's Ratings Services raised its
ratings on Goodyear Tire & Rubber Co., including its corporate
credit rating to 'BB-' from 'B+'.  These ratings still apply as
of Dec. 4, 2007.


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


AMIKON GMBH: Claims Registration Ends January 7, 2008
-----------------------------------------------------
Creditors of Amikon GmbH have until Jan. 7, 2008, to register
their claims with court-appointed insolvency manager Marc
Herbert.

Creditors and other interested parties are encouraged to attend
the meeting at 2:00 p.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 Pirmasens
         Hall 235
         Second Floor
         Pirmasens
         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:

         Marc Herbert
         Neikesstrasse 3
         66111 Saarbrcken
         Germany
         Tel: 0681-954580
         Fax: 0681-9545823
         E-Mail: Sekretariat@ra-embacher.de  

The District Court of Pirmasens opened bankruptcy proceedings
against Amikon GmbH on Nov. 21.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Amikon GmbH
         Attn: Brigitte Birkhahn, Manager
         Bahnhofstrasse 1
         66953 Pirmasens
         Germany


BEBRA BIOGAS: Claims Registration Ends January 3, 2008
------------------------------------------------------
Creditors of BEBRA Biogas GmbH have until Jan. 3, 2008, to
register their claims with court-appointed insolvency manager
Dr. Petra Mork.

Creditors and other interested parties are encouraged to attend
the meeting at 8:45 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 Dortmund
         Hall 3.201
         Second Floor
         Gerichtsplatz 1
         44135 Dortmund
         Germany

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

The insolvency manager can be reached at:

         Dr. Petra Mork
         Arndtstr. 28
         44135 Dortmund
         Germany
         
The District Court of Dortmund opened bankruptcy proceedings
against BEBRA Biogas GmbH on Nov. 16.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         BEBRA Biogas GmbH
         Luenener Str. 208 a
         59174 Kamen
         Germany

         Attn: Dr. Benno Brachthaeuser, Manager
         Crispinstr. 24
         44229 Dortmund
         Germany


BOHLENS BETEILIGUNGS: Claims Registration Ends January 7, 2008
--------------------------------------------------------------
Creditors of Bohlens Beteiligungsgesellschaft mbH i. L. have
until Jan. 7, 2008, to register their claims with court-
appointed insolvency manager Dr. Gideon Boehm.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on Feb. 5, 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 Tostedt
         Meeting Hall I
         Hall CE.02
         Linden 23
         21255 Tostedt
         Germany

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

The insolvency manager can be reached at:

         Dr. Gideon Boehm
         Bachstr. 85 a
         22083 Hamburg
         Germany
         Tel: 040/320836-0
         Fax: 040/32083636

The District Court of Tostedt opened bankruptcy proceedings
against Bohlens Beteiligungsgesellschaft mbH i. L. on Nov. 22.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Bohlens Beteiligungsgesellschaft mbH i. L.
         Attn: Ralf Bohlens, Manager
         Dibberser Muehlenweg 83 b
         21244 Buchholz
         Germany


CARDISCOUNTER RONIG: Claims Registration Ends January 7, 2008
-------------------------------------------------------------
Creditors of Cardiscounter Ronig GmbH have until Jan. 7, 2008,
to register their claims with court-appointed insolvency manager
Dr. Sebastian Henneke.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Jan. 28, 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 Duisburg
         Meeting Hall C407
         Fourth Floor
         Kardinal-Galen-Strasse 124-132
         47058 Duisburg
         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. Sebastian Henneke
         Muelheimer Str. 100
         47057 Duisburg
         Germany

The District Court of Duisburg opened bankruptcy proceedings
against Cardiscounter Ronig GmbH on Nov. 20.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Cardiscounter Ronig GmbH
         Kurt-Schumacher-Str. 220
         46539 Dinslaken
         Germany


CK HOLZBAU: Claims Registration Ends January 3, 2008
----------------------------------------------------
Creditors of CK Holzbau GmbH have until Jan. 3, 2008, to
register their claims with court-appointed insolvency manager
Wolfgang Weidemann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Jan. 24, 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 Lueneburg
         Hall 302
         Ochsenmarket 3
         21335 Lueneburg
         Germany

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

The insolvency manager can be reached at:

         Wolfgang Weidemann
         Wendenstr. 4
         20097 Hamburg
         Germany
         Tel: 040 / 23 32 85
         Fax: 040 / 23 38 10
         
The District Court of Lueneburg opened bankruptcy proceedings
against CK Holzbau GmbH on Nov. 15.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         CK Holzbau GmbH
         Attn: Sabine Klinkenstein, Manager
         Geestwiesenweg 22
         21423 Winsen/Luhe
         Germany


FOTO SOMMER: Claims Registration Ends January 7, 2008
-----------------------------------------------------
Creditors of Foto Sommer GmbH have until Jan. 7, 2008, to
register their claims with court-appointed insolvency manager
Dr. Hans-Peter Lehner.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 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 Amberg
         Hall 115
         Meeting Hall V
         First Floor
         Baustadelgasse 1
         Amberg
         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. Hans-Peter Lehner
         Ditthornstr. 5
         93055 Regensburg
         Germany
         Tel: 0941/640 820-0
         Fax: 0941/640 820-10

The District Court of Amberg opened bankruptcy proceedings
against Foto Sommer GmbH on Nov. 16.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         Foto Sommer GmbH
         Lange Gasse 23
         92224 Amberg
         Germany


FRESENIUS MEDICAL: Acquires Renal Solutions for US$190 Million
--------------------------------------------------------------
Fresenius Medical Care AG & Co. KGaA has acquired Renal
Solutions, Inc. for total consideration of up to US$190 million,
consisting of US$100 million at closing, US$60 million after the
first year, and up to US$30 million in milestone payments over
the next three years.  RSI had approximately US$10 million of
net debt outstanding at closing.

RSI is currently commercializing the Allient Sorbent
Hemodialysis System, which is returning sorbent-based technology
(SORB) to the dialysis field.  The SORB cartridge has a long
market history in hemodialysis with over 6 million cartridges
sold.  As the innovator in the SORB technology field, RSI holds
key patents and other intellectual property worldwide related to
the SORB technology.

The sorbent technology purifies tap water to dialysate quality
and allows dialysate to be regenerated.  This reduces the water
volume requirement for a typical hemodialysis treatment from
120 liters/37 gallons of reverse osmosis water to just 6 liters/
1.5 gallons of drinking water per treatment.

The combination of Fresenius Medical Care's leading hemodialysis
technology and the SORB technology will provide a platform for
superior home products and therapies.  Furthermore, the
significant reduction of dialysate through SORB technology is
one major step towards miniaturization - a pre-requisite for the
wearable kidney concept which could benefit certain patients and
complement clinical-based therapy.

Fresenius Medical Care sees the current market size of the Home
Therapy Market (Peritoneal Dialysis and Home Hemodialysis) at
about US$2 billion representing approximately 11% of the overall
worldwide dialysis market.  The Company believes the Home
Therapy market has the potential to grow to US$4 billion within
the next 10 years.  Fresenius Medical Care has a market share in
this market segment of approximately 30%.  Home hemodialysis
(HHD) has been a niche market for many years but with growing
attention in recent past.  With increased access to adequate
therapy, the Company projects the number of HHD patients in
North America could grow from about 0.5% at the end of 2006 to
approximately 4% of the patient population in the next 10 years.

"The acquisition of RSI is an important step to advance the
technology required for strong future growth in this field," Dr.
Ben Lipps, Fresenius Medical Care CEO, said.  "The combination
offers us the long-term opportunity to extend our leadership to
home and acute dialysis products.  Furthermore, by combining our
equipment and membrane technology with the SORB technology, we
can provide innovative solutions in the future such as a
possible wearable kidney. With this acquisition, Fresenius
Medical Care expects to increase its annual R&D spending by
approximately US$10 million starting in 2008.  Our mid-term
financial targets for the years 2007 through 2010 remain
unchanged."


                     About Fresenius Medical

Headquartered in Bad Homburg, Germany, Fresenius Medical Care AG
& Co. KGaA -- http://www.fmc-ag.com/-- provides products and  
services for individuals undergoing dialysis because of chronic
kidney failure.  Fresenius Medical Care also provides
dialysis products such as hemodialysis machines, dialyzers and
related disposable products.  Fresenius Medical Care provides
dialysis treatment to around 128,200 patients around the globe.
Fresenius AG holds around 37% of Fresenius Medical Care AG & Co.
KgaA's capital.

The company also operates facilities in Australia, Brazil,
Canada, China, France, Korea, Mexico, Portugal and Sweden, among
others.

                           *     *     *

As of Dec. 4, 2007, Fresenius Medical Care AG & Co. KGaA carries
Ba2 Corporate Family and Ba1 Bank Loan and and Probability-of-
Default ratings from Moody's Investors Service.  Moody's said
the outlook is positive.

The company carries BB Long-term Foreign and Local Issuer Credit
ratings from Standard & Poor's.   S&P said the outlook is
stable.

FMC also carries BB Long-term Issuer Default and Senior
Unsecured Debt ratings and B Short-term and Short-term Issuer
Default ratings from Fitch, which said the outlook is stable.


FRESENIUS SE: Kabi Arm to Acquire Nestle French & Spanish Units
---------------------------------------------------------------
Fresenius Kabi, a unit of Fresenius SE, has reached an agreement
to acquire Nestle's enteral nutrition businesses in France,
Novartis Nutrition S.A.S., and in Spain, Nestle Healthcare
Nutrition Spain.

With this acquisition, Fresenius Kabi strengthens its fast-
growing segment Clinical Nutrition and significantly expands its
market position in France and Spain.

Novartis Nutrition holds a leading position on the French
enteral nutrition market and offers a comprehensive portfolio of
sip and tube feeds and corresponding medical devices.  With this
acquisition, Fresenius Kabi will significantly improve its
market position and will become the second largest provider of
enteral nutrition products in France.

Nestle Healthcare Nutrition Spain has successfully established
itself as a renowned provider of enteral nutrition products in
the Spanish market during the last few years.  The acquisition
will provide Fresenius Kabi with access to the Spanish enteral
nutrition market.

In 2007, the businesses are projected to achieve combined sales
of approximately EUR55 million.

The European Commission made the divestiture of the businesses a
condition in connection with Nestle's acquisition of the
worldwide clinical nutrition business of Novartis. Completion of
the transaction was subject to both the approval of the European
Commission and consultation and information of employees'
representatives in France and Spain, all of which have now been
satisfactorily completed.

The parties agreed not to disclose the purchase price.

The transaction is expected to close in 2007.

About Fresenius SE

Headquartered in Bad Homburg, Germany, Fresenius SE --
http://www.fresenius.com/-- is a global health care company  
with products and services for dialysis, the hospital and the
medical care of patients at home.  The Fresenius Group consists
of three business segments, each of which is responsible for its
own business operations worldwide:  Fresenius Medical Care,
Fresenius Kabi and Fresenius ProServe.

The company also operates in Italy, Spain, France, U.K.,
Austria, Switzerland, the Netherlands, Belgium, Norway, Sweden,
Poland, Canada, Mexico, U.S.A., Brazil, China, Korea, Australia,
South Africa and Portugal.

                           *     *     *

As of Dec. 4, 2007, Fresenius SE carries Ba2 Corporate Family
and Probability-of-Default ratings from Moody's Investors
Service.  Moody's said the outlook is positive.

The company carries BB Long-term Foreign and Local Issuer Credit
ratings from Standard & Poor's.   S&P said the outlook is
stable.

Fresenius also carries BB Long-term Issuer Default and Senior
Unsecured Debt ratings and B Short-term and Short-term Issuer
Default ratings from Fitch, which said the outlook is stable.


FRISCHA GETRAENKEMAERKTE: Claims Period Ends Dec. 28
----------------------------------------------------
Creditors of Frischa Getraenkemaerkte GmbH & Co. KG have until
Dec. 28 to register their claims with court-appointed insolvency
manager Kaufmann Wilfried Koller.

Creditors and other interested parties are encouraged to attend
the meeting at 8:20 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 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:

         Kaufmann Wilfried Koller
         Schiffgraben 59
         30175 Hannover
         Germany
         Tel: 0511 342129
         Fax: 0511 3480645

The District Court of Hannover opened bankruptcy proceedings
against Frischa Getraenkemaerkte GmbH & Co. KG on Nov. 20.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Frischa Getraenkemaerkte GmbH & Co. KG
         Attn: Friedrich Scharnhorst, Manager
         Steinweg 27
         31535 Neustadt
         Germany


HEINZ KNORR: Claims Registration Period Ends Jan. 7, 2008
---------------------------------------------------------
Creditors of Heinz Knorr Polstermoebel GmbH have until
Jan. 7, 2008, to register their claims with court-appointed
insolvency manager Dr. Christoph Junker.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Feb. 20, 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 Junker
          Karcherallee 25 a
          01277 Dresden
          Germany
          Tel:(0351) 260 6060
          Fax:(0351) 260 6066
          E-mail: dresden@junker-kollegen.de  

The District Court of Chemnitz opened bankruptcy proceedings
against Heinz Knorr Polsterm”bel GmbH on Nov. 23.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

          Heinz Knorr Polstermoebel GmbH
          Attn: Johannes Schmiedel, Manager
          Schwarzenberger Str. 101
          08280 Aue
          Germany


IDB DISKOTHEKENBETRIEBE: Claims Registration Ends Jan. 8, 2008
--------------------------------------------------------------
Creditors of DB Diskothekenbetriebe GmbH have until Jan. 8,
2008, to register their claims with court-appointed insolvency
manager Michael Selker.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Feb. 12, 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 Osnabrueck
         Hall N 301
         Kollegienwall 10
         49074 Osnabrueck
         Germany

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

The insolvency manager can be reached at:

         Michael Selker
         Niedersachsenstr. 11a
         49074 Osnabrueck
         Germany
         Tel: 0541/357450
         Fax: 0541/3574511
         
The District Court of Osnabrueck opened bankruptcy proceedings
against DB Diskothekenbetriebe GmbH on Nov. 23.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

         DB Diskothekenbetriebe GmbH
         Baumstr. 12
         49074 Osnabrueck
         Germany

         Attn: Alexander Mueller, Manager
         Weststrasse 31
         32657 Lemgo
         Germany


JEDERMANN(S) GASTSTAETTEN: Claims Filing Period Ends Dec. 31
------------------------------------------------------------
Creditors of Jedermann(s) Gaststaetten GmbH have until Dec. 31
to register their claims with court-appointed insolvency manager
Dr. Peer Moeller.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 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 Luebeck
         Hall 256
         Am Burgfeld 7
         23568 Luebeck
         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. Peer Moeller
         Untere Querstr. 1
         23730 Neustadt/H
         Germany

The District Court of Luebeck opened bankruptcy proceedings
against Jedermann(s) Gaststaetten GmbH on Nov. 21.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Jedermann(s) Gaststaetten GmbH
         Attn: Wolfgang Buhr, Manager
         Dr. Julius-Leber-Str. 32
         23552 Luebeck
         Germany


KARL RICK: Claims Registration Period Ends Jan. 7, 2008
-------------------------------------------------------
Creditors of Karl Rick Blechwarenfabrikation GmbH have until
Jan. 7, 2008, to register their claims with court-appointed
insolvency manager Andreas Amelung.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on Feb. 14, 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:

          Andreas Amelung
          Im Mediapark 6B
          50670 Cologne
          Germany

The District Court of Cologne opened bankruptcy proceedings
against Karl Rick Blechwarenfabrikation GmbH on Nov. 14.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

          Karl Rick Blechwarenfabrikation GmbH
          Roemerstr. 133
          50127 Bergheim
          Germany


L.K.O. LOGISTIK: Claims Registration Ends Jan. 2, 2008
------------------------------------------------------
Creditors of L.K.O. Logistik GmbH have until Jan. 2, 2008, to
register their claims with court-appointed insolvency manager
Dr. Dirk Herzig.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Feb. 13, 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. Dirk Herzig
         Promenadenstrasse 3
         09111 Chemnitz
         Germany
         Tel:(0371) 382370
         Fax: (0371) 3823710
         Email: DHerzig@schubra.de
         
The District Court of Chemnitz opened bankruptcy proceedings
against L.K.O. Logistik GmbH on Nov. 23.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         L.K.O. Logistik GmbH
         Attn: Oliver Seidel, Manager
         Strasse der Befreiung 128 b
         08141 Reinsdorf
         Germany


LE WA TEC: Claims Registration Period Ends Jan. 7, 2008
-------------------------------------------------------
Creditors of LE WA TEC Spezialtiefbau GmbH have until
Jan. 7, 2008, to register their claims with court-appointed
insolvency manager Joerg Riedemann.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 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 Dessau
         Hall 123
         Willy-Lohmann-Str. 33
         Dessau
         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 Riedemann
          Muehlweg 47
          06114 Halle
          Germany
          Tel: 0345/293900
          Fax: 0345/2939029

The District Court of Dessau opened bankruptcy proceedings
against LE WA TEC Spezialtiefbau GmbH on Nov. 23.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

          LE WA TEC Spezialtiefbau GmbH
          Strasse der Wissenschaften 6
          06749 Bitterfeld-Wolfen
          Germany


R.S. WEINHANDELS: Claims Registration Ends Jan. 4, 2008
-------------------------------------------------------
Creditors of R.S. Weinhandels GmbH have until Jan. 4, 2008, to
register their claims with court-appointed insolvency manager
Dr. Tjark Thies.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Feb. 1, 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
         Meeting Hall B 405
         Fourth Floor
         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. Tjark Thies
         Domstrasse 15
         20095 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against R.S. Weinhandels GmbH on Nov. 21.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         R.S. Weinhandels GmbH
         Attn: Ralph Schmetzer, Manager
         Blankeneser Hauptstr. 159
         22587 Hamburg
         Germany


STAHL GERAETE: Claims Registration Period Ends Dec. 28
------------------------------------------------------
Creditors of SGM - Stahl-, Geraete- und Maschinen GmbH have
until Dec. 28 to register their claims with court-appointed
insolvency manager Dr. Wolfgang Koehler.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on Feb. 8, at which time the insolvency
manager will present his first report on the insolvency
proceedings.

The meeting of creditors will be held at:

         The District Court of Arnsberg
         Meeting Room 328
         Eichholzstr. 4
         59821 Arnsberg
         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. Wolfgang Koehler
         Marktstrasse 22
         59555 Lippstadt
         Germany

The District Court of Arnsberg opened bankruptcy proceedings
against SGM - Stahl-, Geraete- und Maschinen GmbH on Nov. 16.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         SGM - Stahl-, Geraete- und
         Maschinen GmbH
         Heidberg 15
         59602 Ruethen
         Germany

         Attn: Gudrun Hollmann, Manager
         Schwarzer Weg 6
         59581 Warstein und Juergen Rembeck
         Bornefelder Strasse 12
         59329 Wadersloh
         Germany


STEINBERG GRUNDSTUECKSVERWALTUNGS: Claims Period Ends Dec. 18
-------------------------------------------------------------
Creditors of Steinberg Grundstuecksverwaltungs GmbH have until
Dec. 18 to register their claims with court-appointed insolvency
manager Horst Piepenburg.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Jan. 11, at which time the
insolvency manager will present his first report on the
insolvency proceedings.

The meeting of creditors will be held at:

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

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

The insolvency manager can be reached at:

         Horst Piepenburg
         Heinrich-Heine-Allee 20
         40213 Duesseldorf
         Germany

The District Court of Duesseldorf opened bankruptcy proceedings
against Steinberg Grundstuecksverwaltungs GmbH on Nov. 21.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Steinberg Grundstuecksverwaltungs GmbH
         Weststrasse 28
         40721 Hilden
         Germany


TEAM-BAU LEIPZIG: Claims Registration Period Ends Dec. 31
---------------------------------------------------------
Creditors of Team-Bau Leipzig GmbH have until Dec. 31 to
register their claims with court-appointed insolvency manager
Stephan Poppe.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on Jan. 28, 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 Leipzig
         Hall 056
         Ground Floor
         Enforcement Court
         Bernhard Goering Strasse 64
         04275 Leipzig
         Germany
         
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.

The insolvency manager can be reached at:

         Stephan Poppe
         Kathe-Kollwitz-Str. 9
         04109 Leipzig
         Germany
         Tel: 910470
         Fax: 9104710

The District Court of Leipzig opened bankruptcy proceedings
against Team-Bau Leipzig GmbH on Nov. 22.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

          Team-Bau Leipzig GmbH
          Heinrichstrasse 9
          04317 Leipzig
          Germany


UDO NERLICH: Claims Registration Ends January 2, 2008
-----------------------------------------------------
Creditors of Udo Nerlich und Thomas Thiede Malereifachbetrieb
GmbH have until Jan. 2, 2008, to register their claims with
court-appointed insolvency manager Peter Baumgarte.

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

         Peter Baumgarte
         Lange-Hop-Strasse 158
         30539 Hannover
         Germany
         Tel: 0511 954750
         Fax: 0511 9547599
         
The District Court of Hannover opened bankruptcy proceedings
against Udo Nerlich und Thomas Thiede Malereifachbetrieb GmbH on
Nov. 21.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Udo Nerlich und Thomas Thiede Malereifachbetrieb GmbH
         Attn: Udo Nerlich and Thomas Thiede, Managers
         Im Kanaleck 27
         30926 Seelze
         Germany


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


AFFILIATED COMPUTER: Fitch Removes BB Ratings from Watch Neg.
-------------------------------------------------------------
Fitch Ratings has removed Affiliated Computer Services, Inc.
from Rating Watch Negative and affirmed these ratings:

  -- Issuer Default Rating 'BB';
  -- Senior secured revolving credit facility at 'BB';
  -- Senior secured term loan at 'BB';
  -- Senior notes at 'BB-'.

The Rating Outlook is Stable.

Approximately US$3.4 billion of debt, including the US$1 billion
revolving credit facility, is affected by Fitch's action.

Fitch's removal of ACS from Rating Watch Negative reflects the
conclusion of the company's review of strategic alternatives,
which ultimately resulted in no modification of the existing
capital structure attributable to a leveraged buyout or other
change of ownership.

The ratings are supported by ACS':
  -- Consistent free cash flow due to a significant recurring
     revenue base from long-term outsourcing contracts (85% of
     total revenue);

  -- Diverse business lines, several of which are insulated or
     countercyclical to U.S. economic growth, with minimal
     exposure (5%-10% of revenue) to discretionary IT spending,
     such as consulting;

  -- Solid growth prospects for the business process
     outsourcing services market (75% of total revenue);

  -- Established and geographically diverse offshore delivery
     model that reduces the effect of currency fluctuations
     and/or salary inflation in individual offshore markets;
     and

  -- Material and sustained improvement in renewal rates.

Rating concerns continue to center on:

  -- The lack of visibility with respect to ACS' long-term
     capital structure plans, which could include further debt-
     financed stock buybacks;

  -- ACS' acquisitive nature, which could be debt-financed
     going forward;

  -- Decline of new commercial contract bookings (60% of
     revenues), which fell approximately 30% year-over-year for
     the latest 12 months ended Sept. 30, 2007;

  -- The ongoing Securities and Exchange Commission and
     Department of Justice investigations, and several
     derivative lawsuits, all of which relate to the company's      
     timing of historical stock option grants.

The ratings may be downgraded in the event of:

  -- Aggressive resumption of debt-financed share buybacks.       
     Although Fitch believes some flexibility exists in the
     current ratings for incremental debt-financed share
     repurchases, full utilization of the company's remaining
     US$2 billion uncommitted term loan accordion feature to buy
     back shares would lead to negative rating actions.

  -- A material reduction of liquidity if the pending court
     decision rules that ACS' failure to timely file its 10-K
     for fiscal year 2006 constitutes an event of default for
     the senior notes; and

  -- Continued declines in new commercial contract bookings.

The ratings may be upgraded in the event of:

  -- Greater company transparency with respect to long-term
     capital structure targets;

  -- Material debt reduction; and

  -- Strong and sustainable growth of free cash flow.

The rating of 'BB-' for the senior notes incorporates the fact
that the secured credit facilities have the sole rights to ACS'
accounts receivable, which represented approximately 23% of
total assets and 46% of tangible assets as of Sept. 30, 2007,
despite the notes being equally and ratably secured with the
senior secured credit facilities under the terms of the related
indenture.  The credit facility is secured by a first priority
perfected pledge of all notes owned by the borrowers and
guarantors, all capital stock of predominantly all domestic
subsidiaries and certain foreign subsidiaries of ACS, and a
first priority perfected security interest in all other assets
owned by ACS, including tangible and intangible assets.

As of June 30, 2007, the financial covenant ratios contained in
the credit facility, which are based on a quarterly schedule
that becomes more restrictive over time relative to the amount
of covenant adjusted debt outstanding, consist of bank-defined
maximum consolidated senior leverage ratio of 3 times, maximum
consolidated total leverage ratio of 4x and interest coverage
covenant of 4.5x.  Fitch estimates leverage (total
debt/operating EBITDA) declined slightly year-over-year to 2.3x
as of Sept. 30, 2007 from 2.5x due to growth in operating
EBITDA.  Fitch estimates interest coverage (operating EBITDA/
gross interest expense) declined to 5.8x for the LTM ended Sept.
30, 2007 compared with nearly 10x in the year-ago period due to
increased interest expense from higher average debt levels.

Fitch believes ACS' liquidity is adequate and was supported by
approximately US$246 million of cash at Sept. 30, 2007 and
US$818 million of availability on its US$1 billion secured
revolving credit facility expiring 2012.  The credit facility
also includes an uncommitted accordion feature enabling ACS to
increase the size of the revolver by up to US$750 million for
general corporate purposes under certain circumstances.  
Liquidity is further supported by ACS' consistent free cash
flow, which increased to US$378 million in fiscal 2007 despite
increased interest expense.

Total debt as of Sept. 30, 2007 was approximately US$2.4
billion, consisting primarily of US$1.8 billion of secured term
loans due 2013 and US$250 million of senior notes due in June
2010 and June 2015.  ACS' near-term debt maturities are
manageable as the next material debt obligations of US$275
million occur in fiscal year 2010.  However, if ACS' failure to
timely file its 10-K for fiscal 2006 is ruled an event of
default by the court, Fitch believes ACS will utilize its US$1
billion revolver to refinance the US$500 million of senior notes
that would become immediately due at par value plus accrued
interest.


REID TRANSPORT: Seeks Administrators After Sale Attempts Failed
---------------------------------------------------------------
Reid Transport Ltd sought the advice of administrators after a
loss of more than 200 jobs and attempts to sell the company
failed, BBC News reports.  The failure to find a buyer meant
Reid Transport had no option but to close the business and
"implement an immediate redundancy program," Administrator Garth
Callow of PricewaterhouseCoopers told BBC News.

The company assured the U.K. Department of Enterprise, Trade and
Investment that efforts will be made to secure redundancy
payments for the workers before Christmas, BBC says.

"A small number of workers are being retained to assist with an
orderly run down of the operation, but drivers and sub-contract
drivers already on the road have been asked to complete their
current journey and they will be paid for this work," Mr. Callow
said.  "This is a particularly difficult situation so close to
Christmas, particularly when there is no prospect of saving the
company and the jobs."

Headquartered in Ballymena, Ireland, Reid Transport Ltd. --
http://www.reidtransport.com/-- offers distribution,  
warehousing and transporting services, with depots strategically
located throughout Ireland and the United Kingdom.


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


XEROX CORP: Names New Senior Leadership in North America
--------------------------------------------------------
Xerox Corporation disclosed the appointment of two seasoned
executives to its North American senior management team.  Doug
Lord has been named president of Xerox's U.S. Solutions Group,
and Kevin Warren will now lead Xerox Canada, Ltd.

Mr. Lord, previously head of Xerox Canada, moves to the U.S. to
lead Xerox's direct sales force that markets and sells Xerox's
systems and services across the country.  He replaces Michael
Brannigan, who is retiring from Xerox after a 35-year career
with the company.  Mr. Lord brings a strong sales orientation to
the role with more than 30 years of Xerox experience not only in
sales management but also in marketing, human resources, supply
chain and customer service.

A 23-year veteran of Xerox, Kevin Warren assumes the role of
president, chairman and CEO of Xerox Canada, leading a team of
4,200 employees who deliver annual revenue of more than US$1.2
billion. Warren previously led the team responsible for the
transition of Xerox's acquisition of Global Imaging Systems.  He
has a strong background in direct sales and sales management,
previously serving as head of Xerox's U.S. Eastern Sales
Operations.

Xerox also announced the retirement of Emerson Fullwood, chief
marketing officer, Xerox North America.  Mr. Fullwood began his
Xerox career in 1972 and has held a number of marketing and
sales leadership positions throughout the company.

"A company's success is often defined by its leaders who are on
the front line, serving as champions for their people and their
customers," said Jim Firestone, executive vice president and
president, Xerox North America.  "During their more than three
decades with Xerox, Mike and Emerson exemplified values-based,
results-driven leadership.  We will always appreciate their
contributions to our company.  They have paved the way for the
next generation of Xerox leadership, including Kevin and Doug,
to accelerate Xerox's growth and continue building value for our
stakeholders."

The appointments are effective January 1.  Both Messrs. Lord and
Warren report to Mr. Firestone.

Headquartered in Stamford, Connecticut, Xerox Corp. --
http://www.xerox.com/-- develops, manufactures, markets,      
services and finances a range of document equipment, software,
solutions and services.  Xerox operates in over 160 countries
worldwide and distributes products in the Western Hemisphere
through divisions, wholly owned subsidiaries and third-party
distributors.   The company maintains operations in France,
Japan, Italy, Nicaragua, among others.

                          *     *     *

Xerox Corp. holds Fitch Ratings' BB preferred stock rating to
date.


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


BELAGASH LLP: Proof of Claim Deadline Slated for Jan. 8
-------------------------------------------------------
The Specialized Inter-Regional Economic Court of North
Kazakhstan has declared LLP Belagash insolvent on Oct. 18.

Creditors have until Jan. 8, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of North Kazakhstan
         Department of Agriculture
         Konstitutsiya Kazakhstana Str. 38
         Petropavlovsk
         North Kazakhstan
         Kazakhstan


INTERTECHENERGO LLP: Creditors Must File Claims Jan. 4
------------------------------------------------------
LLP Intertechenergo has declared insolvency.  Creditors have
until Jan. 4, 2008, to submit written proofs of claims to:

         LLP Intertechenergo
         Akademik Bekturov Str. 15-74
         140000, Pavlodar
         Kazakhstan


KAZAKH MORTGAGE: Moody's Affirms Ba2 Rating on US$7.1 Mln Notes
---------------------------------------------------------------
Moody's Investors Service affirms these ratings of notes issued
by Kazakh Mortgage-Backed Securities 2007-1 B.V.:

   -- US$123,000,000 Class A Notes, A3 affirmed;
   -- US$11,300,000 Class B Notes, Baa2 affirmed;
   -- US$7,100,000 Class C Notes, Ba2 affirmed.

Moody's has reviewed the ratings of the notes issued by Kazakh
Mortgage-Backed Securities 2007-1 B.V. following the downgrade
of Bank TuranAlem's Foreign Currency Senior Unsecured Debt
Ratings to Ba1 from Baa3 to reflect the negative impact of the
continued credit and liquidity crisis on the bank's credit risk
profile (BTA BFSR is unchanged at D- and BTA Foreign Currency
Deposit Rating is unchanged at Ba1).  BTA is the Parent of
Originator and Servicer, BTA Ipoteka (unrated), and the provider
of servicing guarantee for Kazakh Mortgage-Backed Securities
2007-1 B.V.

Affirmations of the notes' ratings are based on:

   (i) Strong performance of the transaction, which is
       characterized by low cumulative defaults and no losses to
       date.  The amortization and prepayment of the pool have
       also led to increased relative subordination levels for
       the notes.

  (ii) The downgrade of BTA by one notch has marginally
       increased BTA's default risk.  Moody's has analyzed the
       incremental risk for the notes in respect of the true
       sale and commingling.  The potential impact on the
       servicing quality in case of the servicer's default is
       further mitigated by the back-up serving arrangement
       (with Halyk Bank as the contracted back-up servicer) that
       is in place since closing.  However any further
       downgrades of BTA or deterioration in performance of the
       portfolio will likely lead to the downgrade of the notes.

Kazakh Mortgage-Backed Securities 2007-1 B.V. was closed in
March 2007.  The ratings address the expected loss posed to
investors by the legal final maturity.  In Moody's opinion, the
structure allows for timely payment of interest and ultimate
payment of principal with respect to the notes by the legal
final maturity.


KAZAKHTELECOM JSC: Claims Filing Period Ends Jan. 4
---------------------------------------------------
Branch of JSC Kazakhtelecom has declared insolvency.  Creditors
have until Jan. 4 to submit written proofs of claims to:

         Branch of JSC Kazakhtelecom
         Kunayev Str. 114
         Almaty
         Kazakhstan
         Tel: 8 (3272) 30-18-51


KAZLES LLP: Creditors' Claims Due on Jan. 8
-------------------------------------------
The Specialized Inter-Regional Economic Court of East Kazakhstan
has declared LLP Lazles insolvent.

Creditors have until Jan. 8, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of East Kazakhstan
         Myzy Str. 2/1-206
         Ust-Kamenogorsk
         East Kazakhstan
         Kazakhstan
         Tel: 8 (7232) 24-35-48
              8 777 137 99-91
              8 705 779 43-07


QUARTS KG: Claims Registration Ends Jan. 4
------------------------------------------
The Specialized Inter-Regional Economic Court of Kyzylorda has
declared LLP QUARTS KG Ltd insolvent on Oct. 5.

Creditors have until Jan. 4, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Kyzylorda
         Jahayev Str. 7
         Kyzylorda
         Kazakhstan
         Tel: 8 (32422) 27-23-65


RAMAZAN OJSC: Creditors Must File Claims Jan. 4
-----------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared OJSC Pfg Ramazan insolvent on Feb. 22.

Creditors have until Jan. 4, 2008, to submit written proofs of
claims to:

         The Specialized Inter-Regional
         Economic Court of Almaty
         Office 74
         Kazybek bi Str.
         Almaty
         Kazakhstan
         Tel: 8 (7272) 72-12-50


VIP HUNTING: Claims Filing Period Ends Jan. 4
---------------------------------------------
LLP VIP Hunting Tours Kazakhstan has declared insolvency.  
Creditors have until Jan. 4, 2008, to submit written proofs of
claims to:

         LLP VIP Hunting Tours
         Furmanov Str. 48/69-66
         Almaty
         Kazakhstan


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


SHAM SERVICE: Creditors Must File Claims by January 11, 2008
------------------------------------------------------------
LLC Sham Service has declared insolvency.  Creditors have until
Jan. 11, 2008, to submit written proofs of claim to:

         LLC Sham Service
         Lomonosov Str. 62
         Bishkek
         Kyrgyzstan


===============
P O R T U G A L
===============


BEARINGPOINT INC: Board Names Edwin Harbach as CEO & President
--------------------------------------------------------------
BearingPoint Inc.'s board of directors has named Ed Harbach as
president and chief executive officer and a member of the board
of directors.  Mr. Harbach, who has more than 28 years of
experience in the consulting industry, has been the company's
president and chief operating officer since Jan. 2007.

Harry L. You, who was chief executive officer since March 2005,
is leaving the company to pursue other opportunities and will be
succeeded by Mr. Harbach.  Mr. You led BearingPoint through an
important period of rebuilding and improved financial
management.

The company also filed its third-quarter Form 10-Q making it
current and up-to-date in its periodic filings with the
Securities and Exchange Commission.

"BearingPoint continues to make great progress," Roderick
McGeary, chairman of the board, stated.  "Harry helped to build
the financial foundation necessary to position us for future
success.  The board and Harry agreed that this is the perfect
time for a change in leadership.  We are thrilled that Ed will
lead the company into the next, critical phase of achieving
strategic and operational excellence."

"Ed has extensive experience in the consulting industry, and has
already brought great value to BearingPoint as the leader of its
day-to-day operations," Mr. McGeary added.  "With his proven
ability to tackle operational challenges, drive business results
and increase client satisfaction, Ed will be instrumental in
helping us make the final push on our business turnaround and
execute our strategy for long-term growth."

"Ed"s appointment reflects the board's determination that the
best way for the company to create value for its shareholders,
clients and employees is by intensifying our focus on operations
-- and leveraging the full scale and scope of our global
business, including continuing to own and operate our European
practice as an important part of our consolidated business," Mr.
McGeary continued.  "Ed will pursue this strategy with a focused
and disciplined approach to driving profitable growth, building
the company's cash flow and strengthening the balance sheet."

"I am very enthusiastic about taking on the chief executive
role." Mr. Harbach stated.  "I have worked in the consulting
business for my entire career and I am confident that our
Company can create long-term value for shareholders.
BearingPoint has world-class people and a solid customer base
with great potential.  I look forward to working with the Board,
our management team and our global employee base to operate the
company efficiently and to continue to establish BearingPoint as
one of the world's premier management technology and consulting
firms."

Prior to his role as president and chief operating officer of
BearingPoint, Mr. Harbach served as a managing partner and
member of the leadership team at Accenture and held key client-
facing and executive positions throughout the organization.  

In addition to leading global client relationships with several
Fortune 100 companies, Mr. Harbach served as chief information
officer and managing partner, client satisfaction and quality,
and also served as turnaround leader on a number of critical
client and organizational assignments in multiple geographic
regions.

"We thank Harry for his hard work and important contributions to
BearingPoint over the last three years," Mr. McGeary added.
"Harry's leadership has been important, particularly in building
a strong foundation to bring current the company's financial
reporting, strengthen the balance sheet and resolve a
significant number of serious financial, compliance, legal and
other issues which existed when he arrived.  On behalf of the
Board and management team, we wish him well in his future
endeavors."

"I am delighted that we have been able to get current and I look
forward to pursuing other opportunities, Mr. You stated. "It has
been a privilege working with the many talented people
throughout BearingPoint over the past three years."

"I am proud of the progress the company has made," Mr. You
continued.  "It is a real testament to our franchise and to the
tenacity of our people.  I have known Ed for several years and
am confident in his abilities to lead BearingPoint into the
future."

                     About BearingPoint Inc.

Headquartered in McLean, Virginia, BearingPoint Inc. (NYSE:BE) -
- http://www.BearingPoint.com/-- is a provider of management  
and technology consulting services to Global 2000 companies and
government organizations in 60 countries.  The firm has more
than 17,000 employees focusing on the Public Services, Financial
Services and Commercial Services industries.  BearingPoint
professionals have built a reputation for knowing what it takes
to help clients achieve their goals, and working closely with
them to get the job done.  The company's service offerings are
designed to help its clients generate revenue, increase cost-
effectiveness, manage regulatory compliance, integrate
information and transition to "next-generation" technology.

BearingPoint has global locations including in Indonesia,
Australia, Austria, China, India, Japan, Mexico, Portugal,
Singapore and Thailand.

                          *     *     *

Moody's Investor Service placed BearingPoint Inc.'s long term
corporate family rating at 'B2' in December 2006 and its  
probability of default rating at 'B1' in September 2006.  Both
ratings still hold to date.


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


EXPORTINSTRUMENT OJSC: Court Starts Bankruptcy Supervision
----------------------------------------------------------
The Arbitration Court of Moscow commenced bankruptcy supervision
procedure on OJSC Commerce and Manufacturing Firm
Exportinstrument on Aug. 6.  The case is docketed under Case No.
A40-37455/07-88-126B.

The Interim Manager is:

         V. O. Yakovlev
         Block 1
         Lubyanskij Proezd 5
         101000 Moscow
         Russia

The Court is located at:

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

The Debtor can be reached at:

         OJSC Commerce and Manufacturing Firm Exportinstrument
         Vavilova 67
         117860 Moscow
         Russia


INFORMATION AND INTELLIGENT: Claims Filing Period Ends Dec. 24
--------------------------------------------------------------
Creditors of Information and Intelligent System Laboratory LLC
have until Dec. 24 to submit proofs of claim to:

         O. A. Zhal'neryunas
         Competitive Proceedings Manager
         Combainerov Str. 34
         614036 Perm'
         Russia

The Arbitration Court of Chelyabinsk region commenced two-
year competitive proceedings against the company on Oct. 15.
The case is docketed under Case No. A76-1998/2007-34-358.

The Court is located at:

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


IRBITSKIJ GLASS: Creditors Must File Claims by Jan. 24, 2008
------------------------------------------------------------
Creditors of Irbitskij Glass Plant LLC have until Jan. 24, 2008,
to submit proofs of claim to:

         Irbitskij Glass Plant LLC
         Proletarskaya Str. 79
         Sverdlovsk
         623850 Irbit
         Russia

The Arbitration Court of Sverdlovsk commenced competitive
proceedings against the company after finding it insolvent on
Nov. 1.  The Court appointed A. M. Krylova as competitive
proceedings manager.  The case is docketed under Case No.
A60-701/2007-C11.

The Court is located at:

         The Arbitration Court of Sverdlovsk
         Lenina Pr. 34
         620151 Ekaterinburg
         Russia  

The Debtor can be reached at:

         Irbitskij Glass Plant LLC
         Proletarskaya Str. 79
         Sverdlovsk
         623850 Irbit
         Russia


KINEL'SKAYA CJSC: Creditors Must File Claims by Dec. 24
-------------------------------------------------------
Creditors of CJSC Agri-Industrial Corporation Kinel'skaya have
until Dec. 24 to submit proofs of claim to:

         S. N. Ershov
         Interim Manager
         P.O. Box 1914
         443052 Samara
         Russia

The Arbitration Court of Samara commenced bankruptcy
supervision procedure on the company on Nov. 2.  The case is
docketed under Case No. A55-14705/2007.

The Court is located at:

         The Arbitration Court of Samara
         Avrory Str. 148
         443045 Samara
         Russia

The Debtor can be reached at:

         CJSC Agri-Industrial Corporation Kinel'skaya
         Pervomai Square 3
         Kinel'
         446433 Samara
         Russia


M-KEDR OJSC:Creditors Must File Claims by Dec. 24
-------------------------------------------------
Creditors of OJSC M-Kedr have until Dec. 24 to submit proofs of
claim to:

         O. A. Zhal'neryunas
         Competitive Proceedings Manager
         Combainerov Str. 34
         614036 Perm'
         Russia

The Arbitration Court of Chelyabinsk region commenced two-
year competitive proceedings against the company on Oct. 15.
The case is docketed under Case No. A76-15999/2007-34-360.

The Court is located at:

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


MOSCVORETSKIJ BREWERY OJSC: Asset Sale Slated for Dec. 26
---------------------------------------------------------
Organization and Provedeniye Torgov LLC, acting on behalf of
A. N. Chernyavskijthe, the competitive proceedings manager of
OJSC Moscvoretskij Brewery, will open a public auction for the
company's properties at 10:00 a.m. on Dec. 26 at:

         OJSC Moscvoretskij Brewery
         Block 1
         1st Varshavskij Proezd 1a
         115210 Moscow
         Russia

The starting prices for the auctioned assets are:

   -- Lot 1: RUR16,680,136;
   -- Lot 2: RUR673,000;
   -- Lot 3: RUR4,714,219.

Interested participants have until Dec. 24 to deposit an amount
equivalent to 5% of the starting price to the settlement account
of Organization and Provedeniye Torgov LLC.

Bidding documents must be submitted to:

         A. N. Chernyavskij
         Competitive Proceedings Manager
         Office 415
         Block 1
         Kedrova Str. 14
         117218 Moscow
         Tel: (495) 124-62-31

The Debtor can be reached at:

         OJSC Moscvoretskij Brewery
         Block 1
         1st Varshavskij Proezd 1a
         115210 Moscow
         Russia


PRECHISTENSKIJ CHEESE: Asset Sale Slated for Dec. 26
----------------------------------------------------
A. V. Glukhov, the competitive proceedings manager of OJSC
Prechistenskij Cheese Plant, will open a public auction for the
company's properties at 10:00 a.m. on Dec. 26.

The company has set a RUR11,443,000 starting price for the
auctioned assets.

Interested participants have until Dec. 21 to transfer deposit
to the settlement account of OJSC Prechistenskij Cheese Plant.

Information related to the auction can be obtained from:

         A. V. Glukhov
         9th Office 3/20
         4th Block
         Gostinichnaya str.
         Moscow
         Russia
         Tel: (495) 788-72-52


PRESTIGE LLC: Creditors Must File Claims by Dec. 24
---------------------------------------------------
Creditors of Prestige LLC have until Dec. 24 to submit proofs of
claim to:

         O. A. Zhal'neryunas
         Competitive Proceedings Manager
         Combainerov Str. 34
         614036 Perm'
         Russia

The Arbitration Court of Chelyabinsk region commenced two-
year competitive proceedings against the company on Oct. 15.
The case is docketed under Case No. A46-16011/2007-34-363.

The Court is located at:

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


PROKHLADNENSKOYE SUBSIDIARY: Court Starts Bankruptcy Supervision
----------------------------------------------------------------
The Arbitration Court of Kabardino-Balkarian commenced
bankruptcy supervision procedure on OJSC Prokhladnenskoye
Subsidiary LLC of KabbalOilTopProm on Oct. 22.  The case is
docketed under Case No. A20-2127/2007.

The Interim Manager is:

         I. S. Gabuev
         P.O. Box 66
         Gor'kogo Str. 14
         362040 Vladikavkaz
         Russia

The Debtor can be reached at:

         OJSC Prokhladnenskoye Subsidiary LLC of          
         KabbalOilTopProm
         Borontova Str. 2
         Prokhladny town
         361000 Kabardino-Balkarian
         Russia


ROSNEFT OIL: Two Vice-Presidents Resign from Posts
--------------------------------------------------
Staff changes have taken place in OAO Rosneft Oil Co.'s
corporate management.

Vice-Presidents Valeriy Borisenko, formerly in charge of
Information technologies of the Company, and Alexei Kuznetsov,
who was responsible for scientific affairs, development and
strategic projects, have resigned.

The reason for both executives' resignation was retirement.

In lieu of Mr. Kuznetsov, and as acting Vice-President was
appointed the Rosneft Director for scientific affairs and head
of the Corporate scientific and technical center, Mars Khasanov.

The Company IT segment is also to be transferred under the
responsibility of the Vice-President for scientific affairs.

On Dec. 3, 2007, the Rosneft Vice-President for refining and
marketing, Alexander Sapronov, also tendered his resignation.   
This business segment will be temporarily transferred under the
responsibility of the Vice-President Dmitry Bogdanov, in charge
of the commercial block.

                          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.


SUZEMSKIJ CHEESEMAKER: Claims Filing Period Ends Jan. 24, 2008
--------------------------------------------------------------
Creditors of CJSC Suzemskij Cheesemaker have until Jan. 24,
2008, to submit proofs of claim to:

         Yu. V. Zvyagintseva
         Competitive Proceedings Manager
         Apartment 406
         Dzerzhinskogo Str. 68
         305001 Kursk
         Russia

The Arbitration Court of Bryansk commenced competitive
proceedings against the company on Oct. 31.  The case is
docketed under Case No. A09-7141/06-8.

The Court is located at:

         The Arbitration Court of Bryansk
         Room 602
         Trudovoy Per. 5
         Bryansk
         Russia

The Debtor can be reached at:

         CJSC Suzemskij Cheesemaker
         Bryanskaya Str. 14
         Suzemka Settlement
         Bryansk
         Russia


TD METALWORK: Creditors Must File Claims by Dec. 24
---------------------------------------------------
Creditors of CJSC TD Metalwork Magnitogorsk Plant have until
Dec. 24 to submit proofs of claim to:

         O. A. Zhal'neryunas
         Competitive Proceedings Manager
         Combainerov Str. 34
         614036 Perm'
         Russia

The Arbitration Court of Chelyabinsk region commenced two-
year competitive proceedings against the company on Oct. 15.
The case is docketed under Case No. A76-16003/2007-34-36

The Court is located at:

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


TVER'-INKOU TOBACCO: Asset Sale Slated for Dec. 24
--------------------------------------------------
The competitive proceedings manager of CJSC Russian&Chinese
Joint Venture Tver'-Inkou Tobacco, will open a public auction
for the company's properties at noon on Dec. 24 at:

         CJSC Russian&Chinese Joint Venture Tver'-Inkou Tobacco
         Pod'ezd 8
         Khromova Str. 23
         Tver'
         Russia

The company has set a RUR4,140,000 starting price for the
auctioned assets.

Interested participants have until noon on Dec. 17 to deposit an
amount of RUR828,000.

Bidding documents must be submitted to:

         CJSC Russian&Chinese Joint Venture Tver'-Inkou Tobacco
         Pod'ezd 8
         Khromova Str. 23
         Tver'
         Russia
         Tel: (4822)707130


* Fitch Upgrades Republic of Karelia's Ratings to BB-
-----------------------------------------------------
Fitch Ratings has upgraded Russia's Republic of Karelia's Long-
term foreign and local currency ratings to 'BB-' from 'B+'.  The
Short-term foreign currency rating is affirmed at 'B'.  Fitch
has also upgraded Karelia's National Long-term rating to
'A+(rus)' from 'A(rus)'.  The Outlooks for the Long-term foreign
and local currency and National Long-term ratings are Stable.

The upgrade reflects the Republic's strengthening budgetary
performance, caused by tax revenue growth recovery and control
over operating expenditure; decreasing debt burden; and
improving debt structure.  However, the ratings also factor in a
high degree of budget rigidity, while transfers to
municipalities and staff expenditure accounted up to 60% of the
budget expenditure.  The Stable Outlook reflects Fitch's
expectation that economic growth will drive revenue growth,
allowing the region to consolidate budgetary performance and
keep its debt burden at a manageable level.

Fitch's expectations of a recovery in budgetary performance in
2007 are due to accelerating economic growth and lower spending
needs resulting from increased budget spending efficiency and
the high quality of management.  The Republic has overcome the
2006 budget pressures from the 2006 social sector and
administrative reforms and has also compensated for the adverse
effect of lower corporate profits in the same year.  Operating
performance is expected to rebound in 2007, with operating and
current margins remaining close to 10%.

Karelia's administration has demonstrated good financial
management.  The Republic has been able to achieve high capital
spending efficiency, as capital spending on utility companies
has allowed the region to significantly reduce the accumulated
depreciation of its main assets relative to the national
average.  Lower accumulated depreciation is expected to result
in lower spending needs and cost savings in the utility sector.  
The Republic has developed a sophisticated debt management
system, which includes control over the Republic's contingent
liabilities and a limit on total debt of 50% of own revenue (the
national legislation permits 100%).

The regional budget is characterized by a high level of
expenditure rigidity.  Financial support for municipalities
accounted, on average, for 39% of the budget expenditure in
2004-06, while staff expenditure accounted for another 20%.  
Recent increases in public sector salaries initiated by the
federal government have worsened expenditure rigidity.

The Republic of Karelia is located in the northwest of the
Russian Federation and accounts for 0.4% of Russia's GDP and
around 0.5% of its population.


* Fitch Upgrades Republic of Sakha's Ratings to BB-
---------------------------------------------------
Fitch Ratings has upgraded Russia's Republic of Sakha
(Yakutia)'s Long-term foreign and local currency ratings to 'BB-
' from 'B+'.  The Short-term foreign currency rating is affirmed
at 'B'.  Fitch has also upgraded Sakha's National Long-term
rating to 'A+(rus)' from 'A(rus)'.  The Outlooks for the Long-
term foreign and local currency and National Long-term ratings
remain Stable.

The upgrade reflects the Republic's sound budget performance,
more transparent and predictable revenue sources and high
quality of public finance management.  However, the ratings also
factor in the Republic's high budgetary expenditure rigidity and
dependence on a single taxpayer, ALROSA diamond mining company,
which results in vulnerability to commodity price fluctuations.  
The Stable Outlooks reflect Fitch's expectation that
management's efforts will further stimulate economic growth that
will drive revenue growth, allowing the Republic to consolidate
budgetary performance and keep its debt burden at a manageable
level.

The Republic recorded sound budgetary performance in 2005-06
with positive operating and current margins (averaging 7% both).
The result of the first nine months of 2007 demonstrated strong
operating performance improvement, and operating balance
exceeded 13% of operating revenue.  Fitch expects a full-year
margin at a 10% level.

The high quality of the Republic's public finance management
resulted in improved debt structure and increasing efficiency of
the Republic's broad public sector.  The Republic's long-term
issued debt accounted for 48% of the region's total debt at end-
2006, up from 4% in 2002, gradually replacing the restructured
budget loans.  Implementation of the public sector restructuring
program in 2002-06 transformed 62% of the Republic's public
companies into more efficient enterprises and privatized 37
shareholdings that were owned by the Republic.  These measures
led to limitation of the Republic's exposure to indirect risks
of the broad public sector.

However, the Republic's budget remains extremely rigid.  The
share of transfers to the municipalities' budgets increased to
38.5% of total expenditures in 2006 from 31% in 2005.  The share
of rigid expenditures averaged 85% of the republic's operating
expenditures in 2005-06.  Due to extreme remoteness, harsh
climate and low density of the republic's road network,
transportation of supplies to municipalities is expensive,
adding to the rigidity of expenditure.

The Republic of Sakha (Yakutia) is in eastern Siberia and is one
of the largest territorial units of the Russian Federation with
exceptional endowments of natural resources.  Sakha has a
population of nearly one million and accounts for 1.05% of
national GDP.


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


ALBIN LLC: Claims Registration Period Ends December 12
-------------------------------------------------------
The Bankruptcy Service of Zug commenced bankruptcy proceedings
against LLC Albin on Oct. 23.

Creditors have until Dec. 12 to file their written proofs of
claim to:

         The Bankruptcy Service of Zug
         6300 Zug

The Debtor can be reached at:

         LLC Albin
         Kirchweg 4
         6315 Alosen
         Gde. Oberageri ZG
         Switzerland


B.REGLI JSC: Creditors' Liquidation Claims Due by December 12
-------------------------------------------------------------
Creditors of JSC B. Regli have until Dec. 12 to submit their
claims to:

         N & N Treuhand
         Bahnhofstrasse 4
         6052 Hergiswil NW
         Switzerland

The Debtor can be reached at:

         JSC B. Regli
         Hospental UR
         Switzerland


DAEDALOS CONSULTING: Creditors Must File Claims by December 12
--------------------------------------------------------------
Creditors of JSC Daedalos Consulting have until Dec. 12 to
submit their claims to:

         Thomas Bieri
         Liquidator
         Landoltstrasse 3
         8006 Zurich
         Switzerland

The Debtor can be reached at:

         JSC Daedalos Consulting
         Zurich
         Switzerland


DIGI ARTIS: Creditors' Liquidation Claims Due by December 12
------------------------------------------------------------
Creditors of JSC Digi Artis have until Dec. 12 to submit their
claims to:

         Corinne Jung
         Baumgartenweg 13
         4153 Reinach BL
         Switzerland

The Debtor can be reached at:

         JSC Digi Artis
         Riehen BS
         Switzerland


FRITZ KOPP: Creditors' Liquidation Claims Due by December 12
------------------------------------------------------------
Creditors of JSC Fritz Kopp und Partner have until Dec. 12 to
submit their claims to:

         Fritz Kopp
         Liquidator
         Matteli 165
         4305 Olsberg
         Rheinfelden AG
         Switzerland

The Debtor can be reached at:

         JSC Fritz Kopp und Partner
         Olsberg AG
         Switzerland


HP KULL: Creditors' Liquidation Claims Due by December 12
----------------------------------------------------------
Creditors of LLC HP Kull have until Dec. 12 to submit their
claims to:

         Hans Peter Kull
         Rebbergstrasse 32
         8102 Oberengstringen
         Dietikon ZH
         Switzerland

The Debtor can be reached at:

         LLC HP Kull
         Weiningen
         Dietikon ZH
         Switzerland


IFD JSC: Creditors' Liquidation Claims Due by December 12
---------------------------------------------------------
Creditors of JSC IFD have until Dec. 12 to submit their claims
to:

         Peter Luggen
         Liquidator
         Industriestrasse 16
         6300 Zug
         Switzerland

The Debtor can be reached at:

         JSC IFD
         Zug
         Switzerland


KITALAN JSC: Creditors' Liquidation Claims Due by December 12
-------------------------------------------------------------
Creditors of JSC Kitalan have until Dec. 12 to submit their
claims to:

         Othmar Gabriel
         Liquidator
         Bahnhofplatz 5
         6060 Sarnen OW
         Switzerland

The Debtor can be reached at:

         JSC Kitalan
         Sarnen OW
         Switzerland


MAINMAN JSC: Creditors' Liquidation Claims Due by December 12
-------------------------------------------------------------
Creditors of JSC MainMan have until Dec. 12 to submit their
claims to:

         Urs Maag
         Liquidator
         Torlenstrasse 34
         8713 Uerikon ZH
         Switzerland

The Debtor can be reached at:

         JSC MainMan
         Fribourg
         Switzerland


TRAMANO TRADING: Creditors' Liquidation Claims Due by Dec. 12
-------------------------------------------------------------
Creditors of JSC Tramano Trading have until Dec. 12 to submit
their claims to:

         Othmar Gabriel
         Liquidator
         Bahnhofplatz 5
         6060 Sarnen OW
         Switzerland

The Debtor can be reached at:

         JSC Tramano Trading
         Sarnen OW
         Switzerland


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


DEPARTMENT CAPITAL: Creditors Must File Claims by December 7
------------------------------------------------------------
Creditors of LLC Real Estate Department Capital (code EDRPOU
24136336) have until Dec. 7 to submit written proofs of claims
to:

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

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. B-24/124-07.

The Debtor can be reached at:

         LLC Real Estate Department Capital
         Fruktovaya Str. 39
         Izium
         Kharkov
         Ukraine


DWELLING MEDPROJECT: Creditors Must File Claims by December 8
-------------------------------------------------------------
Creditors of LLC Dwelling Medproject Building (code EDRPOU
32204392) have until Dec. 8 to submit written proofs of claim
to:

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

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 15/714-b.

The Debtor can be reached at:

         LLC Dwelling Medproject Building
         Kakhovskaya Str. 64-A
         02002 Kiev
         Ukraine

  
ELITE LLC: Creditors Must File Claims by December 7
---------------------------------------------------
Creditors of LLC Firm Elite (code EDRPOU 30377607) have until
Dec. 7 to submit written proofs of claims to:

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

The Economic Court of Kharkov commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. B-24/123-07.

The Debtor can be reached at:

         LLC Firm Elite
         Apartment 25
         Sobornaya Str. 57
         Izium
         Kharkov
         Ukraine


LEGION TRADE: Creditors Must File Claims by December 7
------------------------------------------------------
Creditors of LLC Legion Trade (code EDRPOU 32410703) have until
Dec. 7 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
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. B 24/189-06.

The Debtor can be reached at:

         LLC Legion Trade
         Televizionnaya Str. 5
         Krivoy Rog
         50086 Dnipropetrovsk
         Ukraine


LOZNA LLC: Creditors Must File Claims by December 7
---------------------------------------------------
Creditors of Lozna LLC (code EDRPOU 03734926) have until Dec. 7
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 proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 5/518-07.

The Debtor can be reached at:

         Lozna LLC
         Lozna
         Hmelnik District
         22045 Vinnica
         Ukraine


MASIA LLC: Creditors Must File Claims by December 7
---------------------------------------------------
Creditors of LLC Masia (code EDRPOU 13770063) have until Dec. 7
to submit written proofs of claim to:

         The Economic Court of Kirovograd
         Lunacharski Str. 29
         25006 Kirovograd
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 11/281.

The Debtor can be reached at:

         LLC Masia
         Krylovskaya Str. 6
         Svetlovodsk
         27500 Kirovograd
         Ukraine


NOTER-LVO LLC: Creditors Must File Claims by December 8
-------------------------------------------------------
Creditors of LLC Noter-Lvo (code EDRPOU 34616779) have until
Dec. 8 to submit written proofs of claim to:
         
         The Economic Court of Kiev
         B. Hmelnitskij Boulevard 44-B
         01030 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 23/400-b.

The Debtor can be reached at:

         LLC Noter-Lvo
         P. Lumumba Str. 15-A
         01042 Kiev
         Ukraine


OBRIY-2 LLC: Creditors Must File Claims by December 7
-----------------------------------------------------
Creditors of Agricultural LLC Obriy-2 (code EDRPOU 32263128)
have until Dec. 7 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 proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 10/162-07.

The Debtor can be reached at:

         Agricultural LLC Obriy-2
         Vinnica Ukraine
         Lityn District
         Kozhukhov
         Shliakhovaya Str. 6


POLITANKI AGRICULTURAL: Creditors Must File Claims by December 7
----------------------------------------------------------------
Creditors of Politanki Agricultural LLC (code EDRPOU 32213344)
have until Dec. 7 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 proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 5/529-07.

The Debtor can be reached at:

         Politanki Agricultural LLC
         Politanki
         Shargorod District
         23542 Vinnica
         Ukraine


STROYMIKS LLC: Creditors Must File Claims by December 7
-------------------------------------------------------
Creditors of LLC Stroymiks (code EDRPOU 33497979) have until
Dec. 7 to submit written proofs of claim to:
         
         The Economic Court of Kiev
         B. Hmelnitskij Boulevard 44-B
         01030 Kiev
         Ukraine

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 23/466-b.

The Debtor can be reached at:

         LLC Stroymiks
         Ivan Kudria Str. 26
         Kiev
         Ukraine


TCHUBAR COLLECTIVE: Creditors Must File Claims by December 7
------------------------------------------------------------
Creditors of OJSC Tchubar Collective Farm (code EDRPOU 03750871)
have until Dec. 7 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
proceedings against the company after finding it insolvent.  The
case is docketed under Case No. 16/241/07.

The Debtor can be reached at:

         OJSC Tchubar Collective Farm
         Tchuber Str. 6
         Tchubarevka
         Pologovsky District
         70612 Zaporozhje
         Ukraine


TECHNO-ALLIANCE LLC: Creditors Must File Claims by December 8
-------------------------------------------------------------
Creditors of LLC Science-Production Enterprise Techno-Alliance
(code EDRPOU 34614038) have until Dec. 8 to submit written
proofs of claim to:

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

The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 23/414-b.

The Debtor can be reached at:

         LLC  Science-Production Enterprise Techno-Alliance
         P. Lumumba Str. 15-A
         01042 Kiev
         Ukraine


TERRA-PRODUCTION LLC: Creditors Must File Claims by December 7
--------------------------------------------------------------
Creditors of LLC Terra-Production (code EDRPOU 33559757) have
until Dec. 7 to submit written proofs of claim to:

         The Economic Court of Volin
         Volia Avenue 54-a
         43010 Lutsk
         Volin
         Ukraine

The Economic Court of Volin commenced bankruptcy proceedings
against the company after finding it insolvent.  The case is
docketed under Case No. 8/53-B.

The Debtor can be reached at:

         LLC Terra-Production
         Naberezhnaya Str. 4
         43025 Lutsk
         Volin
         Ukraine


WESTERN-UKRAINIANAL CENTER: Creditors' Claims Due December 7
------------------------------------------------------------
Creditors of CJSC Western-Ukrainianal Center Building Road
Machinery Service (code EDRPOU 05454987) have until Dec. 7 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-21/211.

The Debtor can be reached at:

         CJSC Western-Ukrainianal Center Building Road
         Machinery Service
         Sredniy Babin
         Kalush District
         77335 Ivano-Frankovsk
         Ukraine


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


AUDUS NOBLE: Calls In Liquidators from Grant Thornton
-----------------------------------------------------
Keith Hinds and Joseph Peter Francis McLean of Grant Thornton
U.K. LLP were appointed joint liquidators of Audus Noble Group
Ltd. (formerly Sandco 703 Ltd.) on Nov. 16 for the creditors'
voluntary winding-up proceeding.

The joint liquidators can be reached at:

         Grant Thornton U.K. LLP
         Earl Grey House
         75-85 Grey Street
         Newcastle upon Tyne
         NE1 6EF
         England


BERNARD WARD: Brings In Liquidators from KPMG
---------------------------------------------
James Douglas Ernle Money and Jane Bronwen Moriarty of KPMG LLP
were appointed joint liquidators of Bernard Ward Ltd. on Nov. 27
for the creditors' voluntary winding-up proceeding.

The joint liquidators can be reached at:

         KPMG LLP
         Aquis Court
         31 Fishpool Street
         St. Albans
         AL3 4RF
         England


BRITMIX LTD: J. M. Titley Leads Liquidation Procedure
-----------------------------------------------------
J. M. Titley of DTE Leonard Curtis was appointed liquidator of
Britmix Ltd. (formerly Meetamix Ltd.) on Nov. 28 for the
creditors' voluntary winding-up procedure.

The liquidator can be reached at:

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


EUROPA THREE: Fitch Rates Classes E-1 and E-2 Notes at BB
---------------------------------------------------------
Fitch Ratings has affirmed Europa Three Limited's commercial
mortgage backed notes due 2051:

   -- EUR742.9 million Senior Swap: affirmed at 'AAA'; Outlook
      Stable

   -- EUR0.2 million Class A+ notes (XS0178602164): affirmed at
      'AAA'; Outlook Stable

   -- EUR93 million Class A (XS0178601943): affirmed at 'AAA';
      Outlook Stable

   -- EUR71.5 million Class B (XS0178602248): affirmed at 'AA';
      Outlook Stable

   -- EUR69 million Class C (XS0178602321): affirmed at 'A';
      Outlook Stable

   -- EUR60.4 million Class D (XS0178602594): affirmed at 'BBB';
      Outlook Stable

   -- EUR23 million Class E-1 (XS0178602750): affirmed at 'BB';
      Outlook Stable

   -- EUR5 million Class E-2 (XS0179969240): affirmed at 'BB';
      Outlook Stable

The affirmation follows a detailed review of the transaction and
is based on the September 2007 quarterly investor report.  The
transaction is performing in line with expectations.

As at September 2007, 12 loans have paid down, leaving 29 loans
secured on 33 properties still in the pool.  The difference
between the EUR860 million outstanding aggregate loan balance
and the EUR1102 million note balance is EUR249 million.  This
difference reflects the potential replenishment amount available
to Eurohypo, scheduled to expire at December 2009.  The weighted
average loan-to-value ratio has decreased to 58% from 65.9% at
closing.  The WA interest coverage ratio and the WA debt service
coverage ratio have changed to 2.77x from 2.67x and to 2.06x
from 2.09x, respectively, reflecting the transaction's stable
performance.

Two Austrian loans account for a total of 3.25% of the aggregate
loan balance, with DSCRs below 1 at 0.9x and 0.91x.  Despite one
loan having a vacancy rate of 40%, the borrower consistently
makes all debt payments and regularly updates the loan manager
of the property's standing. The other loan's debt payments are
also paid regularly.

There are also four German loans with DSCRs hovering just above
1.  Taking into consideration their LTVs, these loans are less
exposed to the upcoming German tax reform than their DSCRs
imply.  These loans will continue to be monitored for any
changes that arise from the impending German tax reform.


HLM CLEARANCE: Taps Liquidators from Vantis Business Recovery
-------------------------------------------------------------
G. Mummery and M. Weller of Vantis Business Recovery Services
were appointed joint liquidators of HLM Clearance Services Ltd.
on Nov. 26 for the creditors' voluntary winding-up procedure.

The joint liquidators can be reached at:

         Vantis Business Recovery Services
         43-45 Butts Green Road
         Hornchurch
         Essex
         RM11 2JX
         England


ISLE OF CAPRI: Posts US$24.6 Mln Net Loss in Quarter Ended Oct.
---------------------------------------------------------------
Isle of Capri Casinos Inc. reported financial results for the
second fiscal quarter ended Oct. 28, 2007.

The company reported net loss of US$24.6 million in quarter
ended Oct. 28, 2007, compared to net income of US$9.6 million
for the same period in the previous year.

For six months ended Oct. 28, 2007, the company reported net
loss of US$31.8 million, compared to net income of US$18.9
million.

"In the second quarter, the company recorded a pre-tax charge of
US$6.5 million related to costs capitalized in connection with a
proposed project in west Harrison County, Mississippi, and
proposed expansions in Davenport, Iowa and Kansas City,
Missouri, which negatively impacted our results," Bernard
Goldstein, chairman of the board and chief executive officer
commented.  "We have also begun conducting a strategic review of
our existing portfolio and growth opportunities."

"In addition, our second quarter results were impacted by
significant non-recurring charges, including charges resulting
from the retirement of our 9% Senior Subordinated Notes as part
of the refinancing completed in July 2007.  The refinancing
improved the flexibility of our balance sheet and is consistent
with our strategy to effectively lower our weighted average
interest rate."

"Our company goal continues to be increased EBITDA(1) through
margin improvement, and we have identified opportunities to
reduce spending at both the corporate and site levels as a
result of our focus on expense reduction and cost containment
measures," Virginia McDowell, president and chief operating
officer, said.

"Although we continue to see improvements in operating results
at nearly all of our legacy properties, the isle casino at
Coventry continues to under perform.  We are currently
streamlining our cost structures at Coventry and developing new
marketing programs, but we have also been negatively impacted by
recent legislative changes, including an increase in taxes and
the implementation of a smoking ban.  As a result, we are
currently evaluating the returns on and realization of our
United Kingdom investments as a part of our strategic review
process.  The process in the United Kingdom will be led by Donn
Mitchell, who was named senior vice president of UK operations."

The company reported a loss from continuing operations for the
quarter of US$24.6 million during the second quarter of fiscal
2008 compared to a loss from continuing operations of
US$4.2 million for the second quarter of fiscal 2007.

The results from operations for the second quarter of fiscal
2008 include US$6.5 million of charges related to costs
capitalized in connection with a proposed project in west
Harrison County, Mississippi and the write-off of construction
projects in Davenport, Iowa and Kansas City, Missouri.

Additionally, in the second quarter of fiscal 2008, the company
recognized an US$11.5 million loss from early extinguishment of
debt related to the retirement of the company's 9% Senior
Subordinated Notes on Aug. 29, 2007.  Combined, these items
resulted in a US$10.8 million after-tax impact on the quarterly
results.  

The results from continuing operations for the second quarter of
fiscal 2007 include US$1.0 million of office relocation costs
and US$3.7 million of increased new development costs compared
to the second quarter of fiscal 2008.  Combined, these items
resulted in US$2.8 million of after-tax impact on the prior year
quarterly results.

For the six months ended Oct. 28, 2007, the company reported a
loss from continuing operations of US$31.8 million compared to
income from continuing operations of US$1.1 million for the same
period in fiscal 2007.

At Oct. 28, 2007, the company's balance sheet showed total
assets of US$2.12 billion, total liabilities of US$1.86 billion,
resulting to a total stockholders' equity US$0.26 billion.

                   About Isle of Capri Casinos

Based in Biloxi, Mississippi and founded in 1992, Isle of Capri
Casinos Inc. (Nasdaq: ISLE) -- http://www.islecorp.com/-- owns    
and operates casinos in Biloxi, Lula and Natchez, Mississippi;
Lake Charles, Louisiana; Bettendorf, Davenport, Marquette and
Waterloo, Iowa; Boonville, Caruthersville and Kansas City,
Missouri and a casino and harness track in Pompano Beach,
Florida.

The company also operates and has a 57% ownership interest in
two casinos in Black Hawk, Colorado.  Isle of Capri Casinos'
international gaming interests include a casino that it operates
in Freeport, Grand Bahama, a casino in Coventry, England, and a
two-thirds ownership interest in casinos in Dudley and
Wolverhampton, England.

                         *     *     *

Moody's Investor Services placed Isle of Capri Casinos Inc.'s
probability of default and long term corporate family ratings at
'B1' in June 2007.  The ratings still hold to date with a stable
outlook.


J EDWARDS: Appoints Liquidators from Tenon Recovery
---------------------------------------------------
Nigel Ian Fox and Carl Stuart Jackson of Tenon Recovery were
appointed joint liquidators of J Edwards & Son (Waterlooville)
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


M & G HAULAGE: Brings In Liquidators from Vantis
------------------------------------------------
G. Mummery and M. Weller of Vantis Business Recovery Services
were appointed joint liquidators of M & G Haulage Container
Services Ltd. on Nov. 27 for the creditors' voluntary winding-up
procedure.

The joint liquidators can be reached at:

         Smith & Williamson Restructuring & Recovery Services     
         Oakfield House
         Oakfield Grove
         Clifton
         Bristol
         BS8 2BN
         England


MBIA INC: Shrinks Hudson Thames SIV to US$400 Million
-----------------------------------------------------
MBIA Inc. is winding down its structured investment vehicle
after an attempt to sell the SIV's short-term debt, which began
August 2007, failed, Bloomberg News reports citing CFO Chuck
Chaplin.

Mr. Chaplin said MBIA's asset sales to bondholders has shrunk
its Hudson Thames Capital SIV to about US$400 million from US$2
billion, Bloomberg relates.  The bond insurer has also taken an
impairment on its own US$15.8 million equity stake, Mr. Chaplin
added.

According to Bloomberg's Christine Richard and Neil Unmack, SIVs
are collapsing because investors are staying away from asset-
backed debt in light of the U.S. subprime crisis.  SIVs borrow
short-term debt to buy higher yielding assets, Bloomberg
relates.

                   Pershing Sees Insolvency   
                     Absent More Capital  

Meanwhile, Pershing Square Capital Management's William Ackman
said MBIA could be insolvent as early as the second quarter of
2008 if it fails to access additional capital, Reuters relates.  
Mr. Ackman estimates up to US$2.2 billion in losses at MBIA in
the fourth quarter of 2007, Reuters adds.

                            About MBIA

Headquartered in Armonk, New York, MBIA Inc. --
http://www.mbia.com/-- is a premier financial guarantor and a  
leading provider of fixed-income investment management services.
The Company's core business is credit enhancement of municipal
bonds and asset-and mortgage-backed transactions in the new
issue and secondary markets.  The company holds offices in New
York, Denver, San Francisco, Paris, London, Madrid, Milan,
Sydney and Tokyo.


NORTHERN ROCK: Treasury Mulls Nationalization Absent Sale Deal
--------------------------------------------------------------
The British government wants interested bidders for Northern
Rock plc to submit their offers by the end of the week so their
details can be compared to a consortium led by Virgin Group
Ltd., the mortgage lender's preferred bidder, Katherine
Griffiths and Philip Aldrick write for The Telegraph.

Alistair Darling, Britain's Chancellor of the Exchequer,
reportedly prefers a private bidder for the troubled bank, a
Treasury spokesman told The Telegraph.

According to the report, the government and Northern Rock
advisers, led by Blackstone and Citigroup, plan to recommend an
offer for the bank before Christmas as Parliament goes into
recess on Dec. 17 and returns on Jan. 7, 2008.

The European Union will convene on Feb. 12 to hear the British
government discuss the bank's future and address any state aid
issues.  The Telegraph says, citing sources privy to the matter,
the government will go for nationalization absent any viable
commercial deal.

The Treasury has instructed parliamentary draftsmen to write a
nationalization bill as a fallback option should attempts to
sell Northern Rock fail, the Telegraph relates.

As reported in the TCR-Europe on Dec. 3, 2007, Mr. Darling asked
Northern Rock to consider rival offers aside from the Virgin-led
consortium, which includes WL Ross & Co, Toscafund Asset
Management LLP and First Eastern Investment Group.

Under the Virgin Consortium's indicative proposal, GBP11 billion
will be repaid to the Bank of England at completion of the
transaction - and the Bank of England will have a clear path
towards repayment in full.  The Virgin Consortium also proposes
that all interest accruing to the Company's financing sources,
including under the Bank of England facilities, will be paid in
cash rather than rolled-up for payment in due course.

U.S. private equity group J.C. Flowers & Co. and Olivant, the
boutique private equity firm led by former Abbey National Plc
CEO Luqman Arnold, are expected to submit a detailed offer by
Friday.

The Telegraph notes that negotiations are speeding up because of
the deteriorating finances at Northern Rock, which lost GBP200
million a day in deposits two weeks ago.

                     About Northern Rock plc

Headquartered in Newcastle upon Tyne, England, Northern Rock plc
-- http://www.northernrock.co.uk/mortgages-- is currently the
5th largest UK mortgage lender, the largest financial
institution based in the North East of England and one of the
most cost efficient UK mortgage lenders based on key performance
ratios.  The company had more than US$200 billion in assets at
the end of June 2007.

                          *     *     *

As reported in the TCR-Europe on Sept. 28, 2007, Standard &
Poor's Ratings Services placed its 'A-/A-1' counterparty credit
ratings on U.K. bank Northern Rock PLC on CreditWatch with
developing implications.  At the same time, the 'BBB'
subordinated, 'BB' junior subordinated, and 'A-' senior
unsecured debt ratings were placed on CreditWatch with
developing implications.


PKA PROMOTIONS: Taps Michael Young to Liquidate Assets
------------------------------------------------------
Michael Young of Vantis was appointed liquidator of PKA
Promotions Ltd. on Nov. 23 for the creditors' voluntary winding-
up procedure.

The liquidator can be reached at:

         Vantis
         Torrington House
         47 Holywell Hill
         St. Albans
         Hertfordshire
         AL1 1HD
         England


POPE & TALBOT: Asks Court for Authority to Sell Surplus Lands
-------------------------------------------------------------
Pope & Talbot Inc. and its debtor-affiliates ask the British
Columbia Supreme Court to approve four transactions covering the
sale of their surplus lands:

    (a) An agreement between Pope & Talbot Ltd. and Kelowna
        Family Golf Centre Ltd., dated Oct. 19, 2007, for land
        and premises located in Beaverdell, British Columbia,
        for CDNUS$550,000.

    (b) An agreement between P&T Ltd. and Dan Norn, James Norn
        and Byron Norn dated Oct. 26, 2007, for land and
        premises located in Lower Arrow Lake, for CDNUS$751,000.

    (c) An agreement between P&T Ltd. and Paterson Pole Ltd.
        dated Oct. 26, 2007, for land and premises located in
        Lower Arrow Lake, for CDNUS$1,350,000.

    (d) An agreement between P&T Ltd. and RJR Investments Ltd.  
        dated Nov. 16, 2007, for a portfolio of 10 properties.  
        The subject properties are Blanket Creek, Beaton
        Complex, Beaton Schedule A, Galena Bay Thumb, Arrowhead
        (Henry's Creek), Galena Bay, Taite Creek, Tuzo Junction,
        Kettle River Park North, and Kettle River Park South.

The Canadian Debtors told the British Columbia Supreme Court
that with the assistance of Colliers International, they have
determined that certain properties are redundant and surplus to
their ongoing and future operations.

Kathy L. Mah, Esq., at Stikeman Elliott LLP, in Toronto, Canada,
relates that the Canadian Debtors and Colliers have engaged in a
valuation and marketing process to sell certain properties.

In April 2007, Ms. Mah relates, Colliers' valuation team
physically inspected the assets within the portfolio, including
the nature of the market, individual property characteristics
and their corresponding values.

Subsequently, strategic marketing efforts by Colliers led to a
significant market response which allowed Colliers to negotiate
purchase agreements that significantly exceeded the asking price
on all properties, Ms. Mah states.

                       About Pope & Talbot

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,
Europe, 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' CCAA Stay expires on
Jan. 16, 2008.

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, Stang,
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. 7; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


POPE & TALBOT: Wants to Perform Cross-Border Insolvency Protocol
----------------------------------------------------------------
Pope & Talbot Inc. and its debtor affiliates ask the United
States Bankruptcy Court for the District of Delaware for
authority to implement a proposed cross-border insolvency
protocol to govern the administration of the Debtors' dual
proceedings between the Bankruptcy Court and the Canadian Court.

"It would be prudent for the Bankruptcy Court and the Canadian
Court to implement a cross-border protocol to address certain
administrative issues anticipated to arise in coordinating the
Debtors' Chapter 11 cases and CCAA proceedings," Laura Davis
Jones, Esq., at Pachulski Stang Ziehl & Jones, LLP, in
Wilmington, Delaware, the Debtors' proposed bankruptcy counsel,
states.

Specifically, Ms. Jones says, a cross-border protocol is needed
to ensure that:

   -- the Debtors' Chapter 11 cases and the CCAA insolvency
      proceedings are coordinated to avoid inconsistent,
      conflicting or duplicative activities;

   -- all parties are informed adequately of key issues in the
      Chapter 11 cases and the CCAA proceedings;

   -- the substantive rights of all parties are protected; and

   -- the jurisdictional integrity of the Bankruptcy Court and
      the Canadian Court is preserved.

Accordingly, the Debtors propose a cross-border insolvency
protocol to govern the administration of the Debtors' dual
proceedings between the Bankruptcy Court and the Canadian Court.

   (a) To harmonize and coordinate the administration of the
       insolvency proceedings, each Court may coordinate
       activities and consider whether it is appropriate to
       defer to the judgment of the other Court.

       * The Court may communicate with each other, with or
         without counsel present, with respect to any matter
         relation to the insolvency proceedings.  

       * On the question of proper jurisdiction or Court to
         determine a certain issue raised in either of the
         insolvency proceedings, the Court before which the      
         matter was raised will contact the other Court to
         determine an appropriate process by which the issue of
         jurisdiction will be determined.  That process will be
         subject to submissions by the Debtors, the U.S.
         Trustee, the Canadian Monitor, the Committee, and any
         interested party.

       * The Courts may coordinate activities in the insolvency
         proceedings.

       * The Courts may conduct joint hearings with respect to
         any matter relating to the conduct administration,
         determination or disposition of any aspect of the
         insolvency proceedings.

   (b) Any transactions outside the ordinary course of business
       concerning the sale, lease or use of the Canadian
       Debtors' assets located solely in Canada will be subject
       to the sole approval of the Canadian Court; and the sale,
       lease or use of the Debtors' assets located solely in the
       United States will be subject to the sole approval of the
       Bankruptcy Court.

   (c) Any transactions outside the ordinary course of business
       concerning the sale or lease or use of the Debtors'
       assets located both in Canada and the United States,
       including but not limited to a sale or sales of all or
       substantially all of the assets of the collective Debtors
       or of one or both of their business divisions, will be
       subject to the joint jurisdiction and approval of both
       Courts.

   (d) All creditors or equity security holders of the Debtors
       other than the Canadian Debtors must file their claims
       against the U.S. Debtors with the Bankruptcy Court,
       pursuant to claims procedures established by the Court.
       The Bankruptcy Court will have exclusive jurisdiction
       over all claims against the U.S. Debtors.

   (e) Any creditor or equity security holder of the Canadian
       Debtors may file a proof of claim or interest in either
       the Bankruptcy Court or the Monitor in the CCAA
       proceeding.

   (f) If a creditor files a claim both in the Bankruptcy Court
       and with the Canadian Monitor in the CCAA proceeding, the
       last timely filed claim will govern.  

   (g) The Debtors and the Monitor will endeavor to coordinate
       notice procedures and establish the same deadline for the
       filing of claims against the Debtors in both the
       Bankruptcy Court and the Canadian proceeding, and all
       other matters regarding the filing, reviewing and
       objecting to claims.

   (h) The adjudicating forum will decide the amount, value,
       allowability, priority, classification and treatment of
       claims filed in any plan of reorganization or plan of
       arrangement or compromise, and a creditor's rights to
       collateral and set-off using a choice of law analysis
       based upon the choice of law principles applicable in
       that forum.

The protocol also contains other provisions with respect to (i)
the development of plan or plans of reorganization or plan or
plans of arrangement or compromise, (ii) the retention and
compensation of professionals, (iii) recognition of stays of
proceedings, (iv) rights to appear and be heard, (v) resolutions
of disputes under the protocol, (vi) avoidance actions, (vii)
executory contracts, (viii) notice, and (ix) preservation of
rights.

The protocol will become effective only upon approval of both
the Bankruptcy Court and the Canadian Court.

The approval and implementation of the protocol will not divest
or diminish either of the Courts' independent jurisdiction over
the subject matter of the Chapter 11 cases and the CCAA
proceedings.

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,
Europe, 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' CCAA Stay expires
on Jan. 16, 2008.

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, Stang,
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. 7; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


POPE & TALBOT: Selects KPMG LLP as Independent Auditor
------------------------------------------------------
Pope & Talbot Inc. and its debtor-affiliates ask the United
States Bankruptcy Court for the District of Delaware for
permission to employ KPMG LLP as their independent auditor,
effective as of Nov. 19, 2007.

The Debtors believe that KPMG's diverse experience and extensive
knowledge in the field of accounting will be of much help to
their restructuring plans, Harold N. Stanton, president and
chief executive officer of Pope & Talbot Inc., tells the Court.

The Debtors have employed KPMG as their independent auditor for
a period of more than five years.  By virtue of its prior
engagement, the firm is familiar with the books, records,
financial information and other data maintained by the Debtors,
and is well qualified to continue to provide auditing services
to the Debtors, Mr. Stanton says.

As the Debtors' financial advisors, KPMG will:

   -- audit the Debtors' consolidated financial statements and
      internal control over financial reporting;

   -- review the Debtors' condensed consolidated balance sheets
      and related condensed consolidated statements of
      operations and cash flows as well as selected quarterly
      financial data;

   -- perform procedures required by the standards of the Public      
      Company Accounting Oversight Board (United States),
      including reading information incorporated by reference in
      the Debtors' previously filed registration statements and
      performing subsequent event procedures;

   -- audit the Debtors' Pension Plan and Tax Deferred Savings
      Plan; and

   -- perform additional audit services that may be requested by
      the Debtors from time to time during the pendency of their
      Chapter 11 cases.

The Debtors will pay for KPMG's general auditing services
according to the firm's customary hourly rates:

             Professional                Hourly Rate
             ------------                -----------
             Partners                       US$360
             Managers                       US$270
             Senior Associates              US$200
             Staff                          US$120
             Assistant                      US$100

KPMG will be paid these amounts with respect to auditing
services related to the Debtors' pension and tax deferred
savings plans:

             Professional                Hourly Rate
             ------------                -----------
             Partners                       US$300
             Managers                       US$200
             Senior Associates              US$150
             Staff/Assistant                US$110

The Debtors will also reimburse KPMG for any direct expenses it  
incurred or will incur in connection with the performance of the
contemplated auditing services.

During the 90-day period prior to the bankruptcy filing, the
Debtors paid KPMG US$685,513 for professional services performed
and expenses incurred, according to Mr. Stanton.  As of Nov. 19,
2007, KPMG was holding a US$10,535 retainer from the Debtors.  
KPMG intends to apply the retainers to fees for services
rendered and expenses incurred after the bankruptcy filing.

Timothy McCann, a certified public accountant at KPMG, assures
the Court that his firm is a "disinterested person," as the term
is defined in Section 101(14) of the Bankruptcy Code.

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,
Europe, 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' CCAA Stay expires
on Jan. 16, 2008.

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, Stang,
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. 7; Bankruptcy Creditors'
Service Inc., http://bankrupt.com/newsstand/or 215/945-7000).


PRIME MARKETING: Names Micahel Peter Gerrard Liquidator
-------------------------------------------------------
Michael Peter Gerrard of Grant Thornton U.K. LLP was appointed
liquidator of Prime Marketing Publications Ltd. on Nov. 28 for
the creditors' voluntary winding-up procedure.

The liquidator can be reached at:

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


UK BAKERIES: Administrator to Secure Sale Before Christmas
----------------------------------------------------------
U.K. Bakeries, which went into administrative receivership after
a slowdown in trade, is likely to be sold before Christmas,
saving 46 jobs, Leicester Mercury reports.

According to Ravi Sembi, a director from the Leicester office of
Begbies Traynor, there are six potential buyers, which were
smaller independent chains rather than the bigger household
names.

"It is a GBP2 million turnover business, so perhaps it's a
little small for the bigger chains," Mr. Sembi was quoted by
Leicester Mercury as saying.

Mr. Sembi has also revealed that they have had to make 10
redundancies while 4 other workers resigned.

However, Mr. Sembi told Leicester Mercury "the business is still
trading well and we have orders coming in.  The objective is to
secure a sale before Christmas."

Headquartered in Leicerstershire, England, U.K. Bakeries
supplies pastries, rolls and bread to wholesalers.  The business
was established in 1939 as G W Kirton & Sons, a family-owned
wholesale bakery.  It was acquired in December 2002 and changed
its name to U.K. Bakeries in June 2003.


UK COALITION: Hires Liquidators from Kingston Smith & Partners
--------------------------------------------------------------
Nicholas John Miller of Kingston Smith & Partners LLP was
appointed liquidator of The U.K. Coalition of People Living With
HIV and AIDS Ltd. on Nov. 23 for the creditors' voluntary
winding-up procedure.

The liquidator can be reached at:

         Kingston Smith & Partners LLP
         Devonshire House
         60 Goswell Road
         London
         EC1M 7AD
         England

The company can be reached at:

         The U.K. Coalition of People Living With HIV
         and AIDS Ltd.
         Acre House
         11-15 William Road
         London
         NW1 3ER
         England


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------
Dec. 6, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Seattle Holiday Party
         Athletic Club, Seattle, Washington
            Contact: 206-223-5495; http://www.turnaround.org/  

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

Dec. 10, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Holiday Party
         Guy Anthony's Restaurant, Merrick, New York
            Contact: 631-251-6296 or http://www.turnaround.org/

Dec. 10, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA/CFA Joint Holiday Party
         Maryland Club, Baltimore, Maryland
            Contact: 215-657-5551 or http://www.turnaround.org/

Dec. 12, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Joint Holiday Networking Event with TMA/CFA
         Loews Hotel, Philadelphia, Pennsylvania
            Contact: 215-657-5551 or http://www.turnaround.org/

Dec. 13, 2007
   TURNAROUND MANAGEMENT ASSOCIATION
      Colorado Chapter Annual Brew Pub & Pool Social
         Wynkoop Brewing Company, Denver, Colorado
            Contact: 303-847-5026 or http://www.turnaround.org/

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

Dec. 19, 2007
   LEXISNEXIS CONFERENCES
      Mealey's Asbestos Bankruptcy Conference
         Four Seasons Hotel, Miami, Florida
            Contact: http://www.lexisnexis.com/

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

Jan. 10, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      Distressed Debt Panel
         University Club, Jacksonville, Florida

Jan. 10, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      NJTMA Holiday Party
         Iberia Tavern & Restaurant, Newwark, New Jersey
            Contact: 908-575-7333 or http://www.turnaround.org/

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

Jan. 16, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      Current Outlook: Workouts, Lending and Turnarounds
         Marriott North, Fort Lauderdale, Florida
            Contact: http://www.turnaround.org/

Jan. 17-18, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      Caribbean Insolvency Symposium
         Westin Diplomat, Hollywood, Florida
            Contact: http://www.abiworld.org/

Jan. 28, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      Finding Money: Int'l Asset Search and
         Recovery Methods for Collecting Judgments
            Centre Club, Tampa, Florida
               Contact: http://www.turnaround.org/

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

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

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

Feb. 22, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      Bankruptcy Battleground West
         Fairmont Miramar, Santa Monica, California
            Contact: http://www.abiworld.org/

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

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

Feb. 27-28, 2008
   EUROMONEY INSTITUTIONAL INVESTOR
      6th Annual Distressed Investing Forum
         Union League Club, New York, New York
            Contact: http://www.euromoneyplc.com/

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

Mar. 8-10, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      Conrad Duberstein Moot Court Competition
         St. John's University School of Law, New York
            Contact: http://www.abiworld.org/

Mar. 19, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      South Florida Dinner
         Bankers Club of Miami, Florida
            Contact: 561-882-1331 or http://www.turnaround.org/

Mar. 25, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      Luncheon - Maggie Good
         Centre Club, Tampa, Florida
            Contact: 561-882-1331 or http://www.turnaround.org/

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

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

Apr. 3, 2008
   INTERNATIONAL WOMEN'S INSOLVENCY & RESTRUCTURING
      CONFEDERATION
         Annual Spring Luncheon
            Renaissance Hotel, Washington, District of Columbia
               Contact: 703-449-1316 or www.iwirc.org

Apr. 3, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      Nuts and Bolts for Young Practitioners - East
         The Renaissance, Washington, District of Columbia
            Contact: http://www.abiworld.org/

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

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

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

May 9, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      Nuts and Bolts for Young Practitioners - NYC
         Alexander Hamilton U.S. Custom House, New York
            Contact: 1-703-739-0800; http://www.abiworld.org/  

May 12, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      New York City Bankruptcy Conference
         Millennium Broadway Hotel & Conference Center, New York
            Contact: 1-703-739-0800; http://www.abiworld.org/  

May 13-16, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      Litigation Skills Symposium
         Tulane University, New Orleans, Louisiana
            Contact: 1-703-739-0800; http://www.abiworld.org/  

May 18-20, 2008
   INTERNATIONAL BAR ASSOCIATION
      14th Annual Global Insolvency & Restructuring Conference
         Stockholm, Sweden
            Contact: http://www.ibanet.org/

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

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

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

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

July 10-13, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      16th Annual Northeast Bankruptcy Conference
         Ocean Edge Resort
            Brewster, Massachussets
               Contact: http://www.abiworld.org/events

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

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

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

Sept. 4-5, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      Complex Financial Restructuring Program
         Four Seasons, Las Vegas, Nevada
            Contact: http://www.abiworld.org/  

Sept. 4-6, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      Southwest Bankruptcy Conference
         Four Seasons, Las Vegas, Nevada
            Contact: http://www.abiworld.org/  

Sept. 24-26, 2008
   INTERNATIONAL WOMEN'S INSOLVENCY & RESTRUCTURING
CONFEDERATION
      IWIRC 15th Annual Fall Conference
         Scottsdale, Arizona
            Contact: http://www.ncbj.org/  

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

Oct. 9, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Luncheon - Chapter 11
         University Club, Jacksonville, Florida
            Contact: http://www.turnaround.org/  

Oct. 28-31, 2008
   TURNAROUND MANAGEMENT ASSOCIATION
      TMA Annual Convention
         Marriott New Orleans, Louisiana
            Contact: 312-578-6900; http://www.turnaround.org/  
  
Dec. 3-5, 2008
   AMERICAN BANKRUPTCY INSTITUTE
      20th Annual Winter Leadership Conference
         Westin La Paloma Resort & Spa
            Tucson, Arizona
               Contact: http://www.abiworld.org/  

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

June 11-13, 2009
   AMERICAN BANKRUPTCY INSTITUTE
      Central States Bankruptcy Workshop
         Grand Traverse Resort and Spa
            Traverse City, Michigan
               Contact: http://www.abiworld.org/  

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

July 16-19, 2009
   AMERICAN BANKRUPTCY INSTITUTE
      Northeast Bankruptcy Conference
         Mt. Washington Inn
            Bretton Woods, New Hampshire
               Contact: http://www.abiworld.org/  

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

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

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

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

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

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

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

BEARD AUDIO CONFERENCES
   Carve-Out Agreements for Unsecured Creditors
      Contact: 240-629-3300;
         http://www.beardaudioconferences.com/

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

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

BEARD AUDIO CONFERENCES
   China\u2019s New Enterprise Bankruptcy Law
      Contact: 240-629-3300;
         http://www.beardaudioconferences.com/

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

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

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

BEARD AUDIO CONFERENCES
   Deepening Insolvency \u2013 Widening Controversy: Current
      Risks,
         Latest Decisions
            Audio Conference Recording
               Contact: 240-629-3300;
                  http://www.beardaudioconferences.com/  

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

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

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

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

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

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

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

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

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

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

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

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

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

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

BEARD AUDIO CONFERENCES
   Non-Traditional Lenders and the Impact of Loan-to-Own
      Strategies on the Restructuring Process
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

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

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

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

BEARD AUDIO CONFERENCES
   Reverse Mergers\u2014the New IPO?
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/  

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

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

BEARD AUDIO CONFERENCES
   Technology as a Competitive Advantage For Today\u2019s Legal
Processes
      Audio Conference Recording
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   The Battle of Green & Red: Effect of Bankruptcy
      on Obligations to Clean Up Contaminated Property
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

BEARD AUDIO CONFERENCES
   The Subprime Sector Meltdown:
      Legal Developments and Latest Opportunities
         Contact: 240-629-3300;
            http://www.beardaudioconferences.com/

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

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

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

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

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


                            *********

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

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

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

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

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

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


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