TCRLA_Public/090903.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, September 3, 2009, Vol. 10, No. 174

                            Headlines

A R G E N T I N A

DEZAIN SRL: Trustee Verifying Proofs of Claim Until October 5
IMAGINAR VIAJES: Trustee Verifying Proofs of Claim Until Oct. 20
KART SHOW: Creditors' Proofs of Debt Due on October 27
KILOMETRO NOVENTA: Trustee Verifying Proofs of Claim Until Oct. 12
KINLEINER CONSTRUCTORA: Creditors' Proofs of Debt Due on Nov. 11

MADERO TANGO: Trustee Verifying Proofs of Claim Until Oct. 26
MG IDENTIDAD: Creditors' Proofs of Debt Due on September 28
RUBBER ARGENTINA: Creditors' Proofs of Debt Due on November 26


B E R M U D A

AQUARIUS FUND: Creditors' Proofs of Debt Due on September 16
AQUARIUS FUND: Member to Hear Wind-Up Report on September 30
TAM TELIUM: Creditors' Proofs of Debt Due on September 16
TAM TELIUM: Members to Hear Wind-Up Report on September 30


C A Y M A N  I S L A N D S

AGATE IAM: Shareholders to Receive Wind-Up Report on Oct. 13
AMBER IAM: Shareholders to Receive Wind-Up Report on Oct. 13
BREEZE IAM: Shareholders to Receive Wind-Up Report on Oct. 13
DAISY IAM: Shareholders to Receive Wind-Up Report on Oct. 13
DIAMOND IAM: Shareholders to Receive Wind-Up Report on Oct. 13

DIMENSION (IMA): Shareholders to Receive Wind-Up Report on Oct. 13
EMBRYO (IFI): Shareholders to Receive Wind-Up Report on October 13
FOUNTAIN IAM: Shareholders to Receive Wind-Up Report on Oct. 13
INTER SPHERE: Shareholders to Receive Wind-Up Report on Sept. 4
LILAC IAM: Shareholders to Receive Wind-Up Report on Oct. 13

OSPREY IAM: Shareholders to Receive Wind-Up Report on Oct. 13
SEAHAWK IAM: Shareholders to Receive Wind-Up Report on Oct. 13
TITAN IAM: Shareholders to Receive Wind-Up Report on Oct. 13
TULIP IAM: Shareholders to Receive Wind-Up Report on Oct. 13
UNITY IAM: Shareholders to Receive Wind-Up Report on Oct. 13


X X X X X X X X

* Upcoming Meetings, Conferences and Seminars


                         - - - - -


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


DEZAIN SRL: Trustee Verifying Proofs of Claim Until October 5
-------------------------------------------------------------
The court-appointed trustee for Dezain S.R.L.'s reorganization
proceedings will be verifying creditors' proofs of claim until
October 5, 2009.

The trustee will present the validated claims in court as
individual reports on November 17, 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
February 3, 2010.

Creditors will vote to ratify the completed settlement plan
during the assembly on May 20, 2010.


IMAGINAR VIAJES: Trustee Verifying Proofs of Claim Until Oct. 20
----------------------------------------------------------------
The court-appointed trustee for Imaginar Viajes y Turismo S.A.'s
reorganization proceedings will be verifying creditors' proofs of
claim until October 20, 2009.

The trustee will present the validated claims in court as
individual reports on December 1, 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
February 12, 2010.

Creditors will vote to ratify the completed settlement plan
during the assembly on August 18, 2010.


KART SHOW: Creditors' Proofs of Debt Due on October 27
------------------------------------------------------
The court-appointed trustee for Kart Show S.A.'s bankruptcy
proceedings will be verifying creditors' proofs of claim until
October 27, 2009.

The trustee will present the validated claims in court as
individual reports on December 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
February 23, 2010.


KILOMETRO NOVENTA: Trustee Verifying Proofs of Claim Until Oct. 12
------------------------------------------------------------------
The court-appointed trustee for Kilometro Noventa y Dos S.A.'s
bankruptcy proceedings will be verifying creditors' proofs of
claim until October 12, 2009.

The trustee will present the validated claims in court as
individual reports on November 23, 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
February 4, 2010.


KINLEINER CONSTRUCTORA: Creditors' Proofs of Debt Due on Nov. 11
----------------------------------------------------------------
The court-appointed trustee for Kinleiner Constructora S.R.L.'s
bankruptcy proceedings will be verifying creditors' proofs of
claim until November 11, 2009.

The trustee will present the validated claims in court as
individual reports on December 29, 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
March 26, 2010.


MADERO TANGO: Trustee Verifying Proofs of Claim Until Oct. 26
-------------------------------------------------------------
The court-appointed trustee for Madero Tango S.A.'s reorganization
proceedings will be verifying creditors' proofs of claim until
October 26, 2009.

The trustee will present the validated claims in court as
individual reports on December 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
February 19, 2010.

Creditors will vote to ratify the completed settlement plan
during the assembly on May 4, 2010.


MG IDENTIDAD: Creditors' Proofs of Debt Due on September 28
-----------------------------------------------------------
The court-appointed trustee for M.G. Identidad en Marketing
S.R.L.'s bankruptcy proceedings will be verifying creditors'
proofs of claim until September 28, 2009.

The trustee will present the validated claims in court as
individual reports on November 10, 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
December 23, 2009.


RUBBER ARGENTINA: Creditors' Proofs of Debt Due on November 26
--------------------------------------------------------------
The court-appointed trustee for Rubber Argentina S.A.I.C. y F.'s
bankruptcy proceedings will be verifying creditors' proofs of
claim until November 26, 2009.

The trustee will present the validated claims in court as
individual reports on February 10, 2010.  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
April 13, 2010.


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


AQUARIUS FUND: Creditors' Proofs of Debt Due on September 16
------------------------------------------------------------
The creditors of Aquarius Fund Ltd. are required to file their
proofs of debt by September 16, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 18, 2009.

The company's liquidator is:

          Christopher C. Morris
          Century House, 16 Par-la-Ville Road
          Hamilton, in the Islands of Bermuda


AQUARIUS FUND: Member to Hear Wind-Up Report on September 30
------------------------------------------------------------
The member of Aquarius Fund Ltd. will receive on September 30,
2009, at 10:00 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company commenced wind-up proceedings on August 18, 2009.

The company's liquidator is:

          Christopher C. Morris
          Century House, 16 Par-la-Ville Road
          Hamilton, in the Islands of Bermuda


TAM TELIUM: Creditors' Proofs of Debt Due on September 16
---------------------------------------------------------
The creditors of Tam Telium Diversified Fund Ltd. are required to
file their proofs of debt by September 16, 2009, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on August 18, 2009.

The company's liquidator is:

          Christopher C. Morris
          Century House, 16 Par-la-Ville Road
          Hamilton, in the Islands of Bermuda


TAM TELIUM: Members to Hear Wind-Up Report on September 30
----------------------------------------------------------
The members of Tam Telium Diversified Fund Ltd. will receive on
September 30, 2009, at 10:30 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company commenced wind-up proceedings on August 18, 2009.

The company's liquidator is:

          Christopher C. Morris
          Century House, 16 Par-la-Ville Road
          Hamilton, in the Islands of Bermuda


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


AGATE IAM: Shareholders to Receive Wind-Up Report on Oct. 13
------------------------------------------------------------
The shareholders of Agate IAM Limited will receive on Oct. 13,
2009, at 10:15 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


AMBER IAM: Shareholders to Receive Wind-Up Report on Oct. 13
------------------------------------------------------------
The shareholders of Amber IAM Limited will receive on Oct. 13,
2009, at 9:15 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


BREEZE IAM: Shareholders to Receive Wind-Up Report on Oct. 13
-------------------------------------------------------------
The shareholders of Breeze IAM Limited will receive on Oct. 13,
2009, at 11:00 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


DAISY IAM: Shareholders to Receive Wind-Up Report on Oct. 13
------------------------------------------------------------
The shareholders of Daisy IAM Limited will receive on Oct. 13,
2009, at 11:15 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


DIAMOND IAM: Shareholders to Receive Wind-Up Report on Oct. 13
--------------------------------------------------------------
The shareholders of Diamond IAM Limited will receive on Oct. 13,
2009, at 10:30 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


DIMENSION (IMA): Shareholders to Receive Wind-Up Report on Oct. 13
------------------------------------------------------------------
The shareholders of Dimension (IMA) Limited will receive on
Oct. 13, 2009, at 8:45 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


EMBRYO (IFI): Shareholders to Receive Wind-Up Report on October 13
------------------------------------------------------------------
The shareholders of Embryo (IFI) Limited will receive on Oct. 13,
2009, at 8:30 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


FOUNTAIN IAM: Shareholders to Receive Wind-Up Report on Oct. 13
---------------------------------------------------------------
The shareholders of Fountain IAM Limited will receive on Oct. 13,
2009, at 9:00 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


INTER SPHERE: Shareholders to Receive Wind-Up Report on Sept. 4
---------------------------------------------------------------
The shareholders of Inter Sphere Funding TMK Holdings Inc. will
receive on September 4, 2009, at 8:30 a.m., the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Walkers SPV Limited
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9002, Cayman Islands


LILAC IAM: Shareholders to Receive Wind-Up Report on Oct. 13
------------------------------------------------------------
The shareholders of Lilac IAM Limited will receive on Oct. 13,
2009, at 11:30 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


OSPREY IAM: Shareholders to Receive Wind-Up Report on Oct. 13
-------------------------------------------------------------
The shareholders of Osprey IAM Limited will receive on Oct. 13,
2009, at 9:30 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


SEAHAWK IAM: Shareholders to Receive Wind-Up Report on Oct. 13
--------------------------------------------------------------
The shareholders of Seahawk IAM Limited will receive on Oct. 13,
2009, at 9:45 a.m., the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


TITAN IAM: Shareholders to Receive Wind-Up Report on Oct. 13
------------------------------------------------------------
The shareholders of Titan IAM Limited will receive on Oct. 13,
2009, at 10:45 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


TULIP IAM: Shareholders to Receive Wind-Up Report on Oct. 13
------------------------------------------------------------
The shareholders of Tulip IAM Limited will receive on Oct. 13,
2009, at 11:45 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


UNITY IAM: Shareholders to Receive Wind-Up Report on Oct. 13
------------------------------------------------------------
The shareholders of Unity IAM Limited will receive on Oct. 13,
2009, at 10:00 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Bonnie Willkom
          P.O. Box 1111, Grand Cayman KY1-1102
          Cayman Islands
          Telephone: (345)-949-5122
          Facsimile: (345)-949-7920


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


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

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, Marites O. Claro, Joy A. Agravente, Rousel Elaine C.
Tumanda, Valerie C. Udtuhan, Frauline S. Abangan, and Peter A.
Chapman, Editors.


Copyright 2009.  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.


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