TCRLA_Public/090319.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                      L A T I N  A M E R I C A

             Thursday, March 19, 2009, Vol. 9, No. 55

                            Headlines

A R G E N T I N A

APART RECOLETA: Proofs of Claim Verification Due on May 27
APUNLAB SRL: Proofs of Claim Verification Due on May 14
ARGENVERSAL SA: Verifying Proofs of Claim Until April 22
COIMEXPOR ARGENTINA: Trustee Verifying Proofs of Claim Until May 8
CONTINENTE SRL: Verifying Proofs of Claim Until April 8

INFORMATEC SA: Verifying Proofs of Claim Until July 10
SEGURIDAD AMERICANA: Verifying Proofs of Claim Until March 25


B E R M U D A

OLD MUTUAL: Closes Bermuda Unit to New Customers


B R A Z I L

CAIXA ECONOMICA: Mulls Stake Purchase in Two Private Banks
COSAN LTD: BofA Cuts Company to “Underperform” on Debt Concerns
COSAN LTD: S&P Puts 'BB-' Corp. Rating on Negative CreditWatch
SADIA SA: Pressured to Merge With Perdigao as Debt Deadline Looms


C A Y M A N  I S L A N D S

ASHBOURNE LIMITED: Creditors' Proofs of Debt Due Today
BELGRAVIA SECURITIES: Placed Under Voluntary Wind-Up
BRASILIA CORP: Creditors' Proofs of Debt Due on March 30
CALZA INC: Placed Under Voluntary Wind-Up
CHARLEMAGNE CAPITAL: Enters Wind-Up Proceedings

EDGE CAPITAL ET AL: Placed Under Voluntary Liquidation
GOLDEN KNIGHT: Placed Under Voluntary Wind-Up
MAGMA FUND: Higgs Johnson Denies Affiliate Has Stake in Firm
IRONOPOLIS MASTER: Members Receive Wind-Up Report
LEUCAS LIMITED: Placed Under Voluntary Wind-Up

LITCHFIELD LIQUIDFUNDS: Shareholders Receive Wind-Up Report
ONZE VILLE: Placed Under Voluntary Wind-Up
PC ONE: Placed Under Voluntary Wind-Up
PRESTON CAPITAL: Members Receive Wind-Up Report
PRIMEO FUND: Creditors' Proofs of Debt Due on March 20

QPIXEL TECHNOLOGY ET AL: Placed Under Voluntary Wind-Up
RAB GOLD: Members Receive Wind-Up Report
ROSCO LIMITED: Commences Liquidation Proceedings
TRADETECH HOLDINGS: Shareholders Receive Wind-Up Report
TUCKERBROOK LONG/SHORT ET AL: Placed Under Voluntary Liquidation

WINTHROP LANE: Members Receive Wind-Up Report


J A M A I C A

AIR JAMAICA: Can't Meet March 31 Divestment Deadline, Gov't Says
SCJ: Government to Reveal Divestment Update Next Week


P E R U

DOE RUN: Had Talks With Banks and Suppliers on Financing


P U E R T O  R I C O

DORAL FINANCIAL: Moody's Cuts Senior Unsecured Rating to 'B2'


T R I N I D A D  &  T O B A G O

CL FINANCIAL: Chairman Duprey Blamed for Firm's Huge Debts


V I R G I N  I S L A N D S

SOLARIS OFFSHORE: Faces $2.75Mln Fraud Complaint From BVI Firms


X X X X X X X X

* CARICOM Releases Statement on Stanford & CL Financial Issues
* Upcoming Meetings, Conferences and Seminars


                         - - - - -


=================
A R G E N T I N A
=================

APART RECOLETA: Proofs of Claim Verification Due on May 27
----------------------------------------------------------
Ernesto Nacleiro, the court-appointed trustee for Apart Recoleta
S.A.'s bankruptcy proceedings, will be verifying creditors' proofs
of claim until May 27, 2009.

Mr. Nacleiro will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 16 in Buenos Aires, with the assistance of Clerk
No. 32, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.


APUNLAB SRL: Proofs of Claim Verification Due on May 14
-------------------------------------------------------
Alberto Stanislavsky, the court-appointed trustee for Apunlab
S.R.L.'s bankruptcy proceedings, will be verifying creditors'
proofs of claim until May 14, 2009.

Mr. Stanislavsky will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 11 in Buenos Aires, with the assistance of Clerk
No. 23, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

          Alberto Stanislavsky
          Talcahuano 768
          Buenos Aires, Argentina


ARGENVERSAL SA: Verifying Proofs of Claim Until April 22
--------------------------------------------------------
The court-appointed trustee for Argenversal S.A.'s bankruptcy
proceedings will be verifying creditors' proofs of claim until
May 22, 2009.

The trustee will present the validated claims in court as
individual reports on July 6, 2009.  The National Commercial Court
of First Instance in Buenos Aires will determine if the verified
claims are admissible, taking into account the trustee's opinion,
and the objections and challenges that will be raised by the
company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
September 1, 2009.


COIMEXPOR ARGENTINA: Trustee Verifying Proofs of Claim Until May 8
------------------------------------------------------------------
The court-appointed trustee for Coimexpor Argentina S.A.'s
reorganization proceedings will be verifying creditors' proofs of
claim until May 8, 2009.

The trustee will present the validated claims in court as
individual reports on June 19, 2009.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
August 10, 2009.


CONTINENTE SRL: Verifying Proofs of Claim Until April 8
-------------------------------------------------------
The court-appointed trustee for Continente S.R.L.'s bankruptcy
proceedings will be verifying creditors' proofs of claim until
April 8, 2009.

The trustee will present the validated claims in court as
individual reports on June 19, 2009.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
August 14, 2009.


INFORMATEC SA: Verifying Proofs of Claim Until July 10
------------------------------------------------------
The court-appointed trustee for Informatec S.A.'s bankruptcy
proceedings will be verifying creditors' proofs of claim until
July 10, 2009.

The trustee will present the validated claims in court as
individual reports on September 9, 2009.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
October 22, 2009.


SEGURIDAD AMERICANA: Verifying Proofs of Claim Until March 25
-------------------------------------------------------------
The court-appointed trustee for Seguridad Americana - Segam
S.R.L.'s reorganization proceedings will be verifying creditors'
proofs of claim until March 25, 2009.

The trustee will present the validated claims in court as
individual reports on May 12, 2009.  The National Commercial Court
of First Instance in Buenos Aires will determine if the verified
claims are admissible, taking into account the trustee's opinion,
and the objections and challenges that will be raised by the
company and its creditors.

Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
June 24, 2009.

Creditors will vote to ratify the completed settlement plan
during the assembly on November 3, 2009.




=============
B E R M U D A
=============

OLD MUTUAL: Closes Bermuda Unit to New Customers
------------------------------------------------
Old Mutual Plc is closing its Bermuda-based U.S. life-insurance
unit, Old Mutual Bermuda, to new customers to control potential
liabilities and cut costs, Jon Menon of Bloomberg News reports.

Old Mutual Bermuda has “significant” excess capital above its
regulatory needs, Old Mutual said in a statement obtained by the
news agency.

Matthew Gregorowski, a spokesman for Old Mutual Plc, told
Bloomberg News in an interview that about two-thirds of its 30
staff will leave.

The closure “will provide greater certainty in respect of the
business’s future liabilities and will therefore strengthen the
group as a whole,” Chief Executive Officer Julian Roberts said in
the statement, Bloomberg News relates.  “One of our key priorities
is strengthening governance and risk management,” he added.

In press release, Old Mutual said the closure of its Bermuda unit
to new business with be effective immediately.  The company said
the Bermuda unit's management team has been focused on rebuilding
the business by writing specialist investment products that would
meet its customers' needs as long as this could be done within the
Group's agreed risk appetite.

Management has now concluded that it is unlikely the Bermuda unit
will be able to launch products that meet these risk requirements
successfully and provide a satisfactory return on capital.

Furthermore, closing to new business is expected to facilitate
further de-risking and reduce costs by running the Bermuda unit
under a more streamlined team.  Old Mutual has therefore decided
to close its Bermuda unit to all new business applications (unless
contractually bound to accept them).

The company added that the Bermuda unit remains firmly committed
to all existing policy obligations.

                         About Old Mutual

Old Mutual plc -- http://www.oldmutual.com/-- is a United
Kingdom-based company offering a range of financial services in
Europe, South Africa, the United States and Asia Pacific.  The
company operates in Europe through Skandia.  Skandia has
operations in 20 countries and serves many other markets through
its offshore solutions.  Old Mutual South Africa (OMSA) financial
services business comprises life and asset management operations.
The retail business offers life, disability and health insurance,
retirement annuities, savings and investment products. The
corporate business sells investment, retirement, insurance and
structured products, and advisory services to corporate,
institutional and parastatal customers.  The company has asset
management and life assurance businesses in the United States
through a number of acquisitions.  The company has operations in
India, China and Australia.



===========
B R A Z I L
===========

CAIXA ECONOMICA: Mulls Stake Purchase in Two Private Banks
----------------------------------------------------------
Brazil's state-owned Caixa Economica Federal is in talks to
acquire stakes in at least two small private banks, Rogerio
Jelmayer at Dow Jones Newswires reports local newspaper O Estado
de S. Paulo.

According to the report, S.Paulo newspaper's unnamed sources
revealed that Caixa is interested in the acquisition of minority
stakes in small local institutions but not obtaining control.

Headquartered in Brasilia, Caixa Economica Federal --
http://www.caixa.gov.br-- is a Brazilian bank and one of the
largest government-owned financial institutions in Latin America.
Founded in Jan. 12, 1861, Caixa Economica is the second biggest
Brazilian bank, second only to Banco do Brasil, and offers
services in thousands of Brazilian towns, ranking third in Brazil
in number of branches.  The company has more than 32 million
accounts and controls more than US$170 billion.  It is responsible
for executing policies in the areas of housing and basic
sanitation, the administration of social funds and programs and
federal lotteries.

                          *     *     *

Caixa Economica Federal continues to carry a Ba2 foreign currency
deposit rating from Moody's Investors Service.  The rating was
assigned by Moody's in May 2008.


COSAN LTD: BofA Cuts Company to “Underperform” on Debt Concerns
---------------------------------------------------------------
Cosan Limited was downgraded to “underperform” at Bank of America
Corp. on concern it may have to sell new shares to balance out
debt levels after a recent acquisition, Paulo Winterstein of
Bloomberg News reports.

The report recalls Cosan Limited's Brazilian operating subsidiary,
Cosan SA Industria & Comercio, bought Nova America SA Agroenergia
for an undisclosed price.

The acquisition prompted Standard & Poor's Ratings Services to
place its 'BB-' corporate credit ratings on Cosan Ltd. and Cosan
SA on CreditWatch negative.

As part of the transaction, Cosan SA will take on BRL1.15 billion
(US$505 million) of Nova America’s debt and is now in talks with
banks to extend most of the debt for five years, an e-mailed
statement obtained by Bloomberg News said.

“Leverage remains our key concern in the sector,” Bank of America
analyst Felipe Hirai said in the statement cited by the news
agency.  The company’s total debt of 4.8 billion reais, about four
times estimated 2010 earnings before interest, taxes, depreciation
and amortization, “should be a concern for investors, given the
still-challenging outlook for the credit markets.”

The report notes Mr. Hirai added Cosan Ltd may sell new equity “if
leverage remains high.”

                        About Cosan Limited

Cosan Limited -- http://www.cosan.com.br/ -- is a global ethanol
and sugar company with integrated operations in Brazil. The
company owns and operates a sugar-loading terminal at the Port of
Santos in the State of Sao Paulo through its subsidiary, Cosan
Operadora Portuaria S.A. (Cosan Portuaria).  Cosan operates in
three segments: sugar, ethanol, and other products and services.

The sugar segment mainly operates and produces a variety of sugar
products, including raw, organic, crystal and refined sugars,
which are sold to a range of customers in Brazil and abroad.  The
ethanol segment substantially produces and sells hydrous,
anhydrous and industrial ethanol, which are sold primarily to the
Brazilian market. The other products and services segment consists
primarily of port services that it provides to third parties,
consumer products under the Da Barra brand, electricity sales and
diesel fuel sales to its agricultural services providers.  On
February 14, 2008, Cosan acquired 100% of Benalcool Acucar e
Alcool S.A.


COSAN LTD: S&P Puts 'BB-' Corp. Rating on Negative CreditWatch
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it placed its 'BB-'
corporate credit ratings on Cosan Ltd. and its Brazilian operating
subsidiary Cosan S.A. Industria e Comercio on CreditWatch
negative.  The CreditWatch listing follows Cosan's announcement
that it has signed a memorandum of understanding with Rezende
Barbosa S.A. Administracao e Participacoes (not rated), the
controlling shareholder of Nova America S.A. Agroenenergia (not
rated), to combine their interests in the sugar and ethanol
business.

"With four mills and an estimated crushing capacity of
10.6 million tons of sugar, Nova America is one of the sector's
largest players.  The company also benefits from the brand name
"Uniao" -- the leader in Brazil's refined sugar retail market.
The transaction will be equity financed, as it will not imply a
cash payment from Cosan to Rezende Barbosa.  Upon the conclusion
of the deal, Rezende Barbosa will become one of Cosan's largest
shareholders with an approximate 11% stake.  On the other hand,
Cosan will assume Nova America's R$1.145 billion indebtedness,
placing considerable pressure on its consolidated credit metrics.
According to Cosan, it is currently in an advanced stage in
renegotiating the refinancing terms of a major portion of this
debt position with Nova America's creditors, aiming at extending
the maturities up to five years, which would reduce immediate cash
flow pressures," said Standard & Poor's credit analyst Reginaldo
Takara.  The conclusion of the deal is subject to the successful
debt renegotiation.

Cosan expects to derive a number of mutually advantageous benefits
through the acquisition and expand its presence in the sugar and
ethanol market.  Nevertheless, the CreditWatch listing reflects
downward pressure on the ratings due to the increased financial
leverage from assuming Nova America's debt and potential
deterioration in the company's financial metrics in the face of
uncertainty regarding current market trends and their effect on
the company's profitability and cash flows.

"We expect to resolve the CreditWatch listing in the next couple
of months as S&P obtain further information on the company's
ultimate capital structure and projected consolidated cash flows
over the next few years," Mr. Takara added.


SADIA SA: Pressured to Merge With Perdigao as Debt Deadline Looms
-----------------------------------------------------------------
Sadia SA is facing pressure to merge with bigger rival Perdigao SA
as its BRL3.5 billion (US$1.5 billion) short-term debt payment
deadline approaches, Paulo Winterstein of Bloomberg News reports,
citing Credit Suisse.

Eduardo Simoes of Reuters relates Sadia SA said it was considering
a business tie-up with Perdigao, and was analyzing with Perdigao
"the viability and the convergence of interests in some type of
association."

According to Bloomberg News, the company may seek financing from
Brazil’s national development bank, Banco Nacional de
Desenvolvimento Economico e Social SA (BNDES).

“Time is running out for Sadia, which brings the two companies
closer,” analyst Marcel Moraes wrote in a note obtained by
Bloomberg.  “We believe BNDES would probably try to bring the two
companies closer together, creating one of the leading food
companies worldwide,” he added.

Perdigao meanwhile denied rumors that it is in talks to merge with
Sadia despite strong speculation that the two are close to a
union, Latin France News reports.

Latin France News relates Perdigao issued a statement saying that
while the companies have recently been in early talks about a
merger, no negotiations are taking place.

                         About Sadia S.A.

Headquartered n Sao Paulo, Brazil, Sadia S. A. -–  –- is the
largest slaughterer and distributor of poultry and pork products
in Brazil, as well as the leading refrigerated and frozen protein
products company.  For the last twelve months ending on
September 30, 2008, Sadia had net revenues of BRL10.2 billion
(USD 6 billion) and EBITDA of BRL1.3 billion (USD 748 million)
with 46% of revenues derived from exports to over 100 countries.



==========================
C A Y M A N  I S L A N D S
==========================

ASHBOURNE LIMITED: Creditors' Proofs of Debt Due Today
------------------------------------------------------
The creditors of Ashbourne Limited are required to file their
proofs of debt today, March 19, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Jan. 23, 2009.

The company's liquidator is:

          Reid Services Limited
          Clifton House, 75 Fort Street
          P.O. Box 1350 Grand Cayman KY1-1108
          Cayman Islands


BELGRAVIA SECURITIES: Placed Under Voluntary Wind-Up
----------------------------------------------------
On December 22, 2008, the sole shareholder of Belgravia Securities
Investments Limited passed a resolution that voluntarily wind up
the company's operations.

The company's liquidator is:

          Walkers SPV Limited
          c/o Anthony Johnson
          Walker House, 87 Mary Street
          George Town, Grand Cayman KY1-9002
          Cayman Islands
          Telephone: (345) 914-6314


BRASILIA CORP: Creditors' Proofs of Debt Due on March 30
--------------------------------------------------------
The creditors of Brasilia Corp. are required to file their proofs
of debt by March 30, 2009, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Jan. 27, 2009.

The company's liquidator is:

          Richard E. L. Fogerty
          c/o Barry Hunte
          Kroll (Cayman) Limited
          Cayman Financial Centre
          Bermuda House, 4th Floor
          Dr. Roy’s Drive, Grand Cayman
          Telephone: +1 (345) 946-0081
          Fax: +1 (345) 946-0082
          e-mail: barry.hunte@krollcayman.ky


CALZA INC: Placed Under Voluntary Wind-Up
-----------------------------------------
On January 9, 2009, the sole shareholder of Calza Inc. passed a
resolution that voluntarily wind up the company's operations.

The company's liquidator is:

          Walkers SPV Limited
          c/o Anthony Johnson
          Walker House, 87 Mary Street
          George Town, Grand Cayman KY1-9002
          Cayman Islands
          Telephone: (345) 914-6314


CHARLEMAGNE CAPITAL: Enters Wind-Up Proceedings
-----------------------------------------------
At an extraordinary general meeting held on January 26, 2009, the
shareholders of Charlemagne Capital Russia Fund resolved to
voluntarily wind up the company's operations.

The company's liquidators are:

          Jane Bates
          Rebecca Taylor
          c/o Maples and Calder
          PO Box 309, Ugland House
          Grand Cayman KY1-1104, Cayman Islands


EDGE CAPITAL ET AL: Placed Under Voluntary Liquidation
------------------------------------------------------
On December 23, 2008, the sole shareholder resolved to voluntarily
liquidate the business of:

   -- Edge Capital Asia Capital; and
   -- Edge Capital Asia Master Capital.

Only creditors who were able to file their proofs of debt by
March 16, 2009, will be included in the companies' dividend
distribution.

The companies' liquidator is:

          Geoffrey Varga
          c/o Kinetic Partners Cayman LLP, Harbour Centre
          42 North Church Street
          P.O. Box 10387 Grand Cayman KY1-1004
          Cayman Islands
          Telephone: (345) 623-9904
          Facsimile: (345) 623-0007


GOLDEN KNIGHT: Placed Under Voluntary Wind-Up
---------------------------------------------
On February 3, 2009, the sole shareholder of Golden Knight CDO
Ltd. passed a resolution that voluntarily wind up the company's
operations.

The company's liquidator is:

          Walkers SPV Limited
          c/o Anthony Johnson
          Walker House, 87 Mary Street
          George Town, Grand Cayman KY1-9002
          Cayman Islands
          Telephone: (345) 914-6314


MAGMA FUND: Higgs Johnson Denies Affiliate Has Stake in Firm
------------------------------------------------------------
Becky Smith Gallops at Caribbean Net News reports Cayman Islands
law firm Higgs Johnson Truman Bodden & Company denied Miami-based
financial newsletter OffshoreAlerts' report that its affiliate
management company, Trulaw Corporate Services Ltd, has stake in
Magma Fund Advisors.

OffshoreAlerts' report, Caribbean Net News relates, said Magma
Fund is “partly owned” by Trulaw.

According to Caribbean Net News, Chris Narborough, Country
Managing Partner at Higgs Johnson Truman Bodden & Co, said Trulaw
“has never had any economic or financial stake in Magma, but
provided certain registered office type services.”

Caribbean Net News recalls Magma Fund, a Cayman Islands-based
commodity pool operator, settled a regulatory action in the United
States after being accused of deceptive and dishonest practices by
the National Futures Association (NFA), including concealing from
investors the murky background of its two main executives.

Caribbean Net News says according to a regulatory complaint filed
on December 22, 2008, Magma was accused of several violations of
NFA policy, including knowingly providing materially false
information to the NFA, and failing to register Richard Clifford
as one of the firm's principals.

The filing, Caribbean Net News says, said Magna's problems stemmed
from the prior involvement of its principals, Mr. Clifford and
Desmond M. Muthemba, with two NFA-regulated entities that were
targets of earlier regulatory actions.  One such entity was
permanently barred from the NFA in 2006 for, among other things,
"distributing fraudulent pool statements, and lying to the NFA,"
the filing cited by the news agency said.

Caribbean Net News relates Magma Fund "agreed to be withdrawn from
NFA membership and to never again apply for NFA membership or
principal status with any NFA Member in the future."

“US counsel advised that we were not party to the complaint nor
involved in any of the issues raised in the complaint.  We are
further advised that the matter was settled (without admission of
the allegations) on 2nd February 2009,” Mr. Narborough was quoted
by Caribbean Net News as saying.  “We understand that Magma no
longer plays any role or function in any business enterprise.”


IRONOPOLIS MASTER: Members Receive Wind-Up Report
-------------------------------------------------
The members of Ironopolis Master Fund met on March 5, 2009, and
received the liquidators' report on the company's wind-up
proceedings and property disposal.

The company's liquidators are:

          Giles Kerley
          Jan Neveril
          Maples Finance Limited
          P.O. Box 1093GT, Grand Cayman
          Cayman Islands


LEUCAS LIMITED: Placed Under Voluntary Wind-Up
----------------------------------------------
On February 4, 2009, the sole shareholder of Leucas Limited passed
a resolution that voluntarily wind up the company's operations.

The company's liquidator is:

          Walkers SPV Limited
          c/o Anthony Johnson
          Walker House, 87 Mary Street
          George Town, Grand Cayman KY1-9002
          Cayman Islands
          Telephone: (345) 914-6314


LITCHFIELD LIQUIDFUNDS: Shareholders Receive Wind-Up Report
-----------------------------------------------------------
The shareholders of Litchfield Liquidfunds Capital Management,
Ltd. met on March 3, 2009, and received the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Reid Services Limited
          Clifton House, 75 Fort Street
          PO Box 1350, Grand Cayman KY1-1108
          Cayman Islands


ONZE VILLE: Placed Under Voluntary Wind-Up
------------------------------------------
On February 4, 2009, the sole shareholder of Onze Ville Holdings
Inc. passed a resolution that voluntarily wind up the company's
operations.

The company's liquidator is:

          Walkers SPV Limited
          c/o Anthony Johnson
          Walker House, 87 Mary Street
          George Town, Grand Cayman KY1-9002
          Cayman Islands
          Telephone: (345) 914-6314


PC ONE: Placed Under Voluntary Wind-Up
--------------------------------------
On February 3, 2009, the sole shareholder of PC One Holdings
passed a resolution that voluntarily wind up the company's
operations.

The company's liquidator is:

          Walkers SPV Limited
          c/o Anthony Johnson
          Walker House, 87 Mary Street
          George Town, Grand Cayman KY1-9002
          Cayman Islands
          Telephone: (345) 914-6314


PRESTON CAPITAL: Members Receive Wind-Up Report
-----------------------------------------------
The members of Preston Capital Seeder Fund met on March 5, 2009,
and received the liquidators' report on the company's wind-up
proceedings and property disposal.

The company's liquidators are:

          Giles Kerley
          Jan Neveril
          Maples Finance Limited
          P.O. Box 1093GT, Grand Cayman
          Cayman Islands


PRIMEO FUND: Creditors' Proofs of Debt Due on March 20
------------------------------------------------------
The creditors of Primeo Fund are required to file their proofs of
debt by March 20, 2009, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on Jan. 23, 2009.

The company's liquidator is:

          G. James Cleaver
          c/o Chris Sharpe, Kroll (Cayman) Limited
          Bermuda House, 4th Floor
          Dr. Roy’s Drive, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: +1 (345) 946-0081
          Fax: +1 (345) 946-0082


QPIXEL TECHNOLOGY ET AL: Placed Under Voluntary Wind-Up
-------------------------------------------------------
On December 11, 2008, the shareholders of Qpixel Technology
International, Inc. resolved to voluntarily liquidate the
company's business.

Only creditors who were able to file their proofs of debt by
March 10, 2009, will be included in the companies' dividend
distribution.

The company's liquidator is:

          Howard Bailey
          c/o Maples and Calder, Attorneys-at-law
          PO Box 309, Ugland House
          Grand Cayman KY1-1104, Cayman Islands


RAB GOLD: Members Receive Wind-Up Report
----------------------------------------
The members of RAB Gold Master I Fund Limited met on March 5,
2009, and received the liquidators' report on the company's wind-
up proceedings and property disposal.

The company's liquidators are:

          Giles Kerley
          Jan Neveril
          Maples Finance Limited
          P.O. Box 1093GT, Grand Cayman
          Cayman Islands


ROSCO LIMITED: Commences Liquidation Proceedings
------------------------------------------------
Rosco Limited commenced liquidation proceedings on Jan. 27, 2009.

Only creditors who were able to file their proofs of debt by
March 16, 2009, will be included in the companies' dividend
distribution.

The company's liquidator is:

          K.D. Blake
          PO Box 493, Grand Cayman KY1-1106
          Cayman Islands
          c/o Alex Watkins
          P.O. Box 493, Grand Cayman KY1-1106
          Cayman Islands
          Telephone: 345-914-4421
          Facsimile: 345-949-7164


TRADETECH HOLDINGS: Shareholders Receive Wind-Up Report
-------------------------------------------------------
The shareholders of Tradetech Holdings Ltd. met on March 9, 2009,
and received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Avalon Ltd.
          Zephyr House, 3rd Floor
          122 Mary Street
          P.O. Box 715 Grand Cayman KY1-1107
          Cayman Islands


TUCKERBROOK LONG/SHORT ET AL: Placed Under Voluntary Liquidation
----------------------------------------------------------------
On January 26, 2009, the sole shareholder resolved to voluntarily
liquidate the business of:

   -- Tuckerbrook Long/Short Value Master Fund, Ltd; and
   -- Tuckerbrook Long/Short Value Offshore Fund, Ltd.

Only creditors who were able to file their proofs of debt by
March 16, 2009, will be included in the companies' dividend
distribution.

The companies' liquidator is:

          John Hassett
          America’s Cup Building
          30 Doaks Lane, Marblehead MA, 01945
          USA


WINTHROP LANE: Members Receive Wind-Up Report
---------------------------------------------
The members of Winthrop Lane Funding Ltd. met on Jan. 22, 2009,
and received the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Emile Small
          Maples Finance Limited
          P.O. Box 1093GT Grand Cayman
          Cayman Islands



=============
J A M A I C A
=============

AIR JAMAICA: Can't Meet March 31 Divestment Deadline, Gov't Says
----------------------------------------------------------------
Radio Jamaica News reports the Jamaican government will not be
meeting its March 31 deadline for the sale of Air Jamaica Limited.

According to the report, despite assurances by government
officials earlier this year that a deal would have been reached
with a buyer this month, there are now signs that this will not
materialize.

An unnamed government insider told Radio Jamaica News that while a
memorandum of understanding might be signed with one of the
bidders this month, the transfer of ownership is unlikely to take
place at this time.

Radio Jamaica News relates the National Workers Union (NWU), which
represents several categories of Air Jamaica employees, said the
government was impractical when it set the March 31 deadline for
the sale.

"Based on all the processes that you must go through, where we're
at presently with the interests and even the world crisis has just
made (securing a deal) more difficult (and) it was difficult from
the start,” Radio Jamaica quoted NWU Vice President, Granville
Valentine, as saying.

According to a TCR-LA report on Jan. 7, 2009, Radio Jamaica News
said NWU suggested that the Jamaican government should seriously
consider delaying the stake sale of Air Jamaica, saying hope is
fading that the March 31 deadline for the divestment will be met.

Meanwhile, Radio Jamaica News reports Air Jamaica has extended the
deadline for workers to take up separation offers it presented a
month ago.

The report says employees who were given up to last Friday to
indicate if they were interested now have until the end of this
week.

Radio Jamaica News recalls Air Jamaica expanded options available
to its staff as it tried to streamline its operations.  In
addition to a voluntary separation plan, employees were given the
option of early retirement, the same report adds.

                        About Air Jamaica

Headquartered in Kingston, Jamaica, Air Jamaica Limited --
http://www.airjamaica.com/-- was founded in 1969.  It flies
passengers and cargo to almost 30 destinations in the Caribbean,
Europe, and North America.  Air Jamaica offers vacation packages
through Air Jamaica Vacations.  The company closed its intra-
island services unit, Air Jamaica Express, in October 2005.

The Jamaican government owned 25% of the company after it went
private in 1994.  However, in late 2004, the government assumed
full ownership of the airline after an investor group turned over
its 75% stake.  The Jamaican government does not plan to own Air
Jamaica permanently.

                          *     *     *

As reported by the Troubled Company Reporter-Latin America on
Nov. 6, 2008, Moody's Investors Service placed the debt ratings of
Air Jamaica Limited, B1 senior unsecured notes guaranteed by the
Government of Jamaica, on review for possible downgrade.  The
review coincides with Moody's action placing the ratings of the
Government of Jamaica under review for downgrade on
November 4, 2008.


SCJ: Government to Reveal Divestment Update Next Week
-----------------------------------------------------
The Jamaican government will reveal the number of new bids
submitted for the purchase of state-owned Sugar Company of Jamaica
("SCJ")'s five sugar factories next week, Radio Jamaica News
reports.  The report relates the Cabinet will receive a report on
the number of new expressions of interest which came in at the end
of last Friday's deadline.

According to the report, Agriculture Minister Dr. Chris Tufton
said a decision will be made on how the negotiating process should
be carried out.  "We'll be reporting back to Cabinet to consider
each applicant or each proposal ... a public statement should be
sent out after Cabinet meets," the report quoted Mr. Tufton as
saying.

As reported in the Troubled Company Reporter-Latin America on
Feb. 18, 2009, Caribbean Net News said Jamaica's Sugar Industry
Authority is seeking interested buyers for the sugar assets in the
SCJ after a failed purchase bid by Brazilian-company Infinity
Bio-Energy.

Caribbean Net News related the government asked prospective buyers
to take all the factories as a package deal, or submit bids for
individual properties.

Head of Jamaica's Sugar Enterprise Team Aubyn Hill, Caribbean360
News recalled, explained that the Infinity talk broke down because
of the Brazilian company's inability to procure the necessary
financing.

According to The Jamaica Gleaner, Agriculture Minister Christopher
Tufton said if a new deal is not inked soon, the public will be
called on again to plug a projected US$4.2 billion hole,
representing a US$2 billion operational loss, and bank penalties,
apparently from continuous hefty overdrafts, incurred by the SCJ's
four factories during the 2008/2009 season.

The Gleaner said the enterprise has a US$21-billion debt
and losses totalling more than US$14 billion since 2005.

Caribbean Net News discloses the government had decided to
continue with milling operations at the factories for the present
harvest, which is expected to end in July.  However, the same
report notes officials said the state cannot continue to run the
loss-making factories for longer than this year.



=======
P E R U
=======

DOE RUN: Had Talks With Banks and Suppliers on Financing
--------------------------------------------------------
Doe Run Peru, a local unit of Renco Group Inc., held talks with
banks and mining suppliers about financing after a global credit
crisis discouraged banks from lending, Alex Emery of Bloomberg
News reported.  The report said a group of banks led by Peru’s
Banco de Credito cut off a US$75 million line of credit to the
company.

The report recalled the Mining Federation said Doe Run Peru cut
1,100 subcontracted workers at its copper mine and zinc, lead and
copper smelter in January.

Roiberto Guzman, a Doe Run Peru metallurgical union spokesman,
told Bloomberg News in a telephone interview that the smelter has
shut zinc- and lead-processing plants for lack of concentrates, as
“the company cant afford to buy them because it still owes
suppliers.”  The company was “also late paying workers’ wages,” he
added.

According to the report, company spokesman Victor Belaunde said
the problems are “a consequence of the impact that the
international financial crisis has had on the company’s
operations.”

The Peruvian government may bail out the company, Lima-based
newspaper El Comercio said as cited by Bloomberg News.

                          About Doe Run

The Doe Run Company -- http://www.doerun.com -- is primarily
involved in the entire lead production process. from mining to
milling to smelting and refining.  It is also engaged in the
recycling and fabrication of lead and lead products. The company's
recycling unit handles about 150,000 tons of lead annually.  Doe
Run has operations in Arizona, Missouri, and Washington.  It's a
part of the Renco Group, which also owns steel bar producer Baron
Drawn Steel and a stake in auto maker AM General.


====================
P U E R T O  R I C O
====================

DORAL FINANCIAL: Moody's Cuts Senior Unsecured Rating to 'B2'
-------------------------------------------------------------
Moody's Investors Service lowered the senior unsecured rating of
Doral Financial Corporation to B2 from B1.  The outlook is stable.
Doral Financial Corporation is the immediate holding company of
Doral Bank, an unrated commercial bank headquartered in San Juan,
Puerto Rico.  Doral Financial Corporation and Doral Bank are
indirect subsidiaries of Doral GP Ltd.

Moody's said the downward adjustment of Doral Financial
Corporation's senior unsecured rating by one notch was made to
bring the rating into alignment with Moody's current notching
practices for bank holding companies with non-investment grade
ratings.

Moody's explained that its rating methodology begins with an
assessment of bank-level credit worthiness, even if the bank in
question is not a rated entity, and then notches downward to
capture the structural subordination of holding company
obligations.  Moody's added that its current notching practice is
to incorporate an additional notch into the debt ratings of non-
investment grade banks, in order to reflect the impact of
depositor preference at the bank level.  That, in turn, moves the
debt ratings of all related entities, including the bank holding
company, a notch lower.

Moody's stated that the downward adjustment of Doral's rating was
not driven by a weakened assessment of Doral Financial
Corporation.

Downgrades:

Issuer: Doral Financial Corporation

  -- Senior Unsecured Regular Bond/Debenture, Downgraded to B2
     from B1

Moody's last rating on Doral Financial Corporation was on December
18, 2007 when the rating was upgraded to B1 from B2.

Doral Financial Corporation, headquartered in San Juan, Puerto
Rico, reported assets of $10 billion as of September 2008.



===============================
T R I N I D A D  &  T O B A G O
===============================

CL FINANCIAL: Chairman Duprey Blamed for Firm's Huge Debts
----------------------------------------------------------
CL Financial conglomerate got into trouble because its Chairman
Lawrence Duprey did not know when to stop borrowing money and
leveraging assets for investments, Trinidad Express reports,
citing Robert Mayers, a financial consultant and former managing
director of CL Financial subsidiary, Caribbean Money Market
Brokers (CMMB).

Mr. Mayers, as cited by the Express, said Mr. Duprey had vision
and drive in building an empire and chose to fly around the world
seeking investments and borrowing and leveraging assets to get
them.

But by September last year when the US sub-prime mortgage market
was in full crisis, Mr. Duprey was continuing his spending on
assets and developments around the world, Mr. Mayers, as cited by
the Express, said.

"He was still leveraging (borrowing on the value of assets) while
companies around the world were deleveraging," the news agency
quoted Mr. Mayers as saying during a Business Breakfast programme
on CCN-TV6's Morning Edition Monday.

                       About CL Financial

According to Wikipedia, CL Financial Limited is the largest
privately held conglomerate in Trinidad and Tobago and one of the
largest privately held corporations in the entire Caribbean.
Founded as an insurance company, Colonial Life Insurance Company
(CLICO) by Cyril Duprey, it was expanded into a diversified
company by his nephew, Lawrence Duprey.  CL Financial is now one
of the largest local conglomerates in the region, encompassing
over 65 companies in 32 countries worldwide with total assets
standing at roughly US$100 billion.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
Feb. 20, 2009, the Trinidad and Tobago Express said Central Bank
Governor Ewart Williams disclosed that an examination of insurance
company CLICO, dissolved finance house CLICO Investment Bank and
other CL Financial companies, showed a deficit between $6 billion
and $8 billion.

Tobago President George Maxwell Richards, The Express related,
signed bailout bills for CL Financial, giving the government the
authority to control the company's unit, Colonial Life Insurance
Company, and giving the central bank extensive powers to treat
with CL Financial's collapse and the consequent systemic crisis.

According to the Trinidad and Tobago Newsday, the government used
$1 billion of taxpayers money to help protect depositors and
policyholders.

T&T Newsday related Governor Williams pleaded with policy holders
not to withdraw money from Clico, amid the unit's increasing
$10 billion debt.



==========================
V I R G I N  I S L A N D S
==========================

SOLARIS OFFSHORE: Faces $2.75Mln Fraud Complaint From BVI Firms
---------------------------------------------------------------
Cayman Islands-based Solaris Offshore Fund, along with Illinois-
based associates, Solaris Opportunity Fund and Solaris Management,
and Patrick Rooney are facing a $2.75 million securities fraud
civil complaint, Cayman Net News reports, citing Miami-based
financial newsletter OffshoreAlert.

Cayman Net News relates OffshoreAlert reported that two Tradex
Global hedge funds located in the British Virgin Islands and their
trading advisor, Connecticut-based Tradex Global Advisors, filed a
complaint in Delaware’s District Court in early February asserting
that Solaris Offshore and associates knowingly misrepresented
their activities and capacity to make profit.

According to Cayman Net News, the complaint stated that the
defendants committed “securities fraud, common law fraud, breach
of fiduciary duty, breach of contract, and negligent
misrepresentation arising out of the plaintiffs’ investments in
defendant Fund, Solaris Offshore Fund totaling $2,750,000.”

The plaintiffs, Cayman Net News relates, complained that
“knowingly false and misleading,” representations led them to
invest in the defendants’ funds.  Once they “discovered the truth”
in November of 2008, they believed they were “entitled to recover
their damages from the defendants.”

Cayman Net News notes the plaintiffs also claimed there was a
“lack of transparency” in the defendants’ relationship, which
raised “serious concerns as to improper comingling and
misappropriation of assets” between various Solaris funds.

The complaint, Cayman Net News says, acknowledged that Tradex
Global Master Fund successfully redeemed $1 million, but a later
request for $2 million was only met with a “convoluted” letter
from Mr. Rooney.  This prompted the plaintiffs to file the
complaint, saying the defendants were trying to avoid fulfilling
the redemption request, the same report says.



===============
X X X X X X X X
===============

* CARICOM Releases Statement on Stanford & CL Financial Issues
--------------------------------------------------------------
The Caribbean financial sector is generally considered to be sound
and well regulated with most of the prudential indicators being
favourable, including ratios of capital adequacy, liquidity, loan
performance, and foreign exchange reserves, the Caribbean
Community (CARICOM) Secretariat said in a press statement.

Consequently, CARICOM said the assessment at the outset of the
global economic and financial crisis was that the Region’s
financial sector was fairly insulated from the ravages occurring
in the developed countries.  However, the recent financial
problems posed by the CL Financial Group and the Stanford Group of
Companies may have significant implications for hundreds of
thousands of Caribbean policy-holders, depositors and investors.

With respect to the CL Financial Group, Heads of Government have
determined that this is a regional problem which warrants a
regional solution.  They have therefore agreed to collaborate in
the search for a fair and favourable resolution of this issue.  In
this context, Heads of Government fully endorsed the recent
formation of a College of Regulators which has been assigned the
task of determining the full scope and location of the assets and
liabilities of the CL Financial Group.  On completion of this
task, Heads of Government will meet immediately to consider the
report of the Regulators and to take the necessary action in the
interest of all stakeholders.

CARICOM said with respect to the problems posed by the Stanford
Group of Companies, the Heads of Government acknowledged the swift
action taken by OECS Members and the strong efforts of the
Government of Antigua and Barbuda to have the Securities Exchange
Commission (SEC) of the USA release part of the assets of the
Stanford International Bank (SIB) that had been frozen pending
investigations.

The experiences relating to the CL Financial Group and the
Stanford Group of Companies have demonstrated the need for
strengthening the regional regulatory framework, particularly in
the non-bank financial sector and more effective cross-border
supervision of Pan-Caribbean companies.

Heads of Government further considered the worsening global
economic and financial crisis and the impact on the Region’s
productive sectors, such as tourism, primary commodities and
construction.  When coupled with the decrease in remittances and
foreign investment, the result is either very low or negative
growth and increased unemployment in many Caribbean economies.  To
mitigate the situation, the Caribbean governments have taken into
account the needs of the most vulnerable and have adopted a number
of measures partly supported by regional and international
financial institutions.  It remains a reality, nevertheless, that
many Caribbean countries are already highly indebted and all are
currently faced with declining revenues.

Heads of Government emphasized that the current global financial
crisis clearly illustrates the fundamental deficiencies in the
international financial architecture and the need for urgent and
comprehensive reform in a manner that responds to the realities of
the globalized economy and the interests of not only the
developed, but more importantly, the developing economies.


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

Apr. 1-4, 2009
AMERICAN BANKRUPTCY INSTITUTE
    27th Annual Spring Meeting
       Gaylord National Resort & Convention Center,
       National Harbor, Md.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Apr. 16-19, 2009
COMMERICAL LAW LEAGUE OF AMERICA
    2009 Chicago/Spring Meeting
       Westin Hotel on Michigan Ave., Chicago, Ill.
          Contact: (312) 781-2000; http://www.clla.org/

Apr. 17-18, 2009
NATIONAL ASSOCIATION OF BANKRUPTCY TRUSTEES
    NABT Spring Seminar
       The Peabody, Orlando, Florida
          Contact: http://www.nabt.com/

Apr. 20, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Consumer Bankruptcy Conference
       John Adams Courthouse, Boston, Massachusetts
          Contact: 1-703-739-0800; http://www.abiworld.org/

Apr. 27-28, 2009
TURNAROUND MANAGEMENT ASSOCIATION
    Corporate Governance Meetings
       Intercontinental Hotel, Chicago, Illinois
          Contact: www.turnaround.org

Apr. 28-30, 2009
TURNAROUND MANAGEMENT ASSOCIATION
    TMA Spring Conference
       Intercontinental Hotel, Chicago, Illinois
          Contact: www.turnaround.org

May 1, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Nuts and Bolts for Young Practitioners
       Alexander Hamilton Custom House, New York City
          Contact: 1-703-739-0800; http://www.abiworld.org/

May 4, 2009
AMERICAN BANKRUPTCY INSTITUTE
    New York City Bankruptcy Conference
       New York Marriott Marquis, New York City
          Contact: 1-703-739-0800; http://www.abiworld.org/

May 7-8, 2009
RENASSANCE AMERICAN MANAGEMENT, INC.
    6th Annual Conference on
    Distressted Investing - Europe
       The Le Meridien Piccadilly Hotel, London, U.K.
          Contact: 1-903-595-3800 or
                   http://www.renaissanceamerican.com/

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

May 12-15, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Litigation Skills Symposium
       Tulane University, New Orleans, La.
          Contact: http://www.abiworld.org/

May 14-16, 2009
ALI-ABA
    Chapter 11 Business Reorganizations
       Langham Hotel, Boston, Massachusetts
          Contact: http://www.ali-aba.org

June 11-14, 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/

July 29-Aug. 1, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Southeast Bankruptcy Conference
       The Westin Hilton Head Island Resort & Spa,
       Hilton Head Island, S.C.
          Contact: http://www.abiworld.org/

Aug. 6-8, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Mid-Atlantic Bankruptcy Conference
       Hotel Hershey, Hershey, Pa.
          Contact: http://www.abiworld.org/

Sept. 10-11, 2009
AMERICAN BANKRUPTCY INSTITUTE
    Complex Financial Restructuring Program
       Hyatt Regency Lake Tahoe, Incline Village, Nevada
          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. 2, 2009
AMERICAN BANKRUPTCY INSTITUTE
    ABI/GULC "Views from the Bench"
       Georgetown University Law Center, Washington, D.C.
          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/

Oct. 20, 2009
AMERICAN BANKRUPTCY INSTITUTE
    NCBJ/ABI Educational Program
       Paris Las Vegas, Las Vegas, Nev.
          Contact: http://www.abiworld.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/

Apr. 29-May 2, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Annual Spring Meeting
       Gaylord National Resort & Convention Center, Maryland
          Contact: 1-703-739-0800; http://www.abiworld.org/

June 17-20, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Central States Bankruptcy Workshop
       Grand Traverse Resort and Spa, Traverse City, Michigan
          Contact: 1-703-739-0800; http://www.abiworld.org/

July 7-10, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Northeast Bankruptcy Conference
       Ocean Edge Resort, Brewster, Massachusetts
          Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Southeast Bankruptcy Conference
       The Ritz-Carlton Amelia Island, Amelia, Fla.
          Contact: http://www.abiworld.org/

Aug. 5-7, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Mid-Atlantic Bankruptcy Workshop
       Hyatt Regency Chesapeake Bay, Cambridge, Maryland
          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/

Dec. 2-4, 2010
AMERICAN BANKRUPTCY INSTITUTE
    22nd Annual Winter Leadership Conference
       Camelback Inn, Scottsdale, Arizona
          Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 31-Apr. 3, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Annual Spring Meeting
       Gaylord National Resort & Convention Center, Maryland
          Contact: 1-703-739-0800; http://www.abiworld.org/

June 9-12, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Central States Bankruptcy Workshop
       Grand Traverse Resort and Spa
          Traverse City, Michigan
             Contact: http://www.abiworld.org/

Dec. 1-3, 2011
AMERICAN BANKRUPTCY INSTITUTE
    23rd Annual Winter Leadership Conference
       La Quinta Resort & Spa, La Quinta, California
          Contact: 1-703-739-0800; http://www.abiworld.org/


                            ***********

Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA 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-LA constitutes an offer
or solicitation to buy or sell any security of any kind.  It is
likely that some entity affiliated with a TCR-LA editor holds
some position in the issuers' public debt and equity securities
about which we report.

Tuesday's edition of the TCR-LA features a list of companies
with insolvent balance sheets obtained by our editors based on
the latest balance sheets publicly available a day prior to
publication.  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-LA. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com

                            ***********


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 - Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA.  Marie Therese V. Profetana, Marites O. Claro, Joy
A. Agravente, Pius Xerxes V. Tovilla, Rousel Elaine C. Tumanda,
Valerie C. Udtuhan, Frauline S. Abangan, and Peter A. Chapman,
Editors.


Copyright 2008.  All rights reserved.  ISSN 1529-2746.

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


           * * * End of Transmission * * *