TCRLA_Public/091015.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, October 15, 2009, Vol. 10, No. 204

                            Headlines

A N T I G U A  &  B A R B U D A

STANFORD INT'L: Prosecutors Ask Judge to Set Owner's Trial Date


A R G E N T I N A

DEL PLATA: Trustee Verifying Proofs of Claim Until December 3
DOMINGO ILVENTO: Trustee Verifying Proofs of Claim Until Nov. 30
DISSA SRL: Asks for Declaration of Bankruptcy
GRUPO AVATECH: Asks for Preventive Contest
INDUSTRIAS FM: Requests for Preventive Contest

LAGARTO SA: Trustee Verifying Proofs of Claim Until November 19
MARINA BLANCA: Trustee Verifying Proofs of Claim Until December 21
ORMAS INGENIERIA: Trustee Verifying Proofs of Claim Until Dec. 16
RADIO EXPRESS: Trustee Verifying Proofs of Claim Until November 30
SMART PUMP: Trustee Verifying Proofs of Claim Until December 14

TRANSPORTADORA DE GAS: Reaches Deal With 88% of Creditors


B E R M U D A

C-CUBE MICROSYSTEMS: Creditors' Proofs of Debt Due on October 16
CT GLOBAL: Creditors' Proofs of Debt Due on October 16
DOUBLECLICK INTERNATIONAL: Creditors' Proofs of Debt Due on Nov. 6
ENERGY PLANT: Creditors' Proofs of Debt Due on October 16
LATIN AMERICA: Creditors' Proofs of Debt Due on October 21

LSF IV: Creditors' Proofs of Debt Due on October 16
MBE CONSULTANTS: Creditors' Proofs of Debt Due on October 30
NEW STAR: Creditors' Proofs of Debt Due on October 16


B R A Z I L

MRS LOGISTICA: S&P Affirms 'BB' Global Corporate Credit Rating
SUL AMERICA: Banco de Brasil Deal Won't Affect Fitch's Ratings


C A Y M A N  I S L A N D S

ASHANTI CAPITAL: Members to Receive Wind-Up Report on October 19
ASHANTI GSM: Members to Receive Wind-Up Report on October 19
COMMERCIAL ALTERRA: Members to Receive Wind-Up Report on Oct. 22
CONCENTRATED: Creditors' Proofs of Debt Due on October 29
CONDUCTOR MASTER: Placed Under Voluntary Liquidation

CONOCOPHILLIPS EASTERN: Shareholders to Meet on October 19
CONOCOPHILLIPS EXPLORATION: Shareholders to Meet on October 19
CSA 2005 A: Creditors' Proofs of Debt Due on October 28
DESAROLLO INDUSTRIALES: Creditors' Proofs of Debt Due on Oct. 19
FAIRFIELD APEX: Creditors' Proofs of Debt Due on October 29

FAIRFIELD ZWEIG-DIMENNA: Creditors' Proofs of Debt Due on Oct. 29
FIRST QUADRANT: Placed Under Voluntary Liquidation
LMOS HOLDINGS: Commences Wind-Up Proceedings
MANAT HOLDINGS: Creditors' Proofs of Debt Due on October 29
MGM REINSURANCE: Creditors' Proofs of Debt Due on October 21

MILESTONE INTERNATIONAL: Commences Wind-Up Proceedings
ORCHESTRA SUB-FUNDS: Placed Under Voluntary Liquidation
PALM BEACH: Court Enters Wind-Up Order
TAMARILLO LIMITED: Commences Wind-Up Proceedings
TATI RIVER: Creditors' Proofs of Debt Due on October 28


D O M I N I C A N  R E P U B L I C

* DOMINICAN REPUBLIC: Warns of US$700M “Record” Revenue Slump


J A M A I C A

JAMAICA PUBLIC SERVICE: Loses JM$4BB a Year From Electricity Theft


M E X I C O

CEMEX SAB: BG Europa Installs Asphalt Screen for CEMEX Salford
LUZ Y FUERZA: Power Outages May Stem From Fired Workers


V E N E Z U E L A

PETROLEOS DE VENEZUELA: To Sell US$3 Billion of Bonds
* VENEZUELA: To Seize Hilton Resort On Margarita Island


X X X X X X X X

* Upcoming Meetings, Conferences and Seminars


                         - - - - -


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


STANFORD INT'L: Prosecutors Ask Judge to Set Owner's Trial Date
---------------------------------------------------------------
U.S. prosecutors asked a federal judge to set a trial date for
Robert Allen Stanford, the financier accused of orchestrating a
Ponzi scheme, Caribbean Net News reports.  "Given the more than
three months that have elapsed since the defendant's initial
appearances in this case, the United States recommends that the
court set a prompt trial date," Assistant U.S. Attorney Gregg
Costa wrote in a court filing obtained by the news agency.

According to the report, Mr. Stanford and three other defendants
were due in federal court in Houston for a status hearing
yesterday, October 14, 2009.

Bloomberg News, citing Mr. Costa, notes that the defendants and
their lawyers have now been provided access to more than 4 million
pages of documents they would need to help prepare for trial.
Still, the report relates, Mr. Stanford's lawyer argued in a
separate court filing that it is too early to set a trial date
because there is much work to be done.

"Due to the voluminous amount of discovery and documents, the vast
amount of witnesses that need to be located and interviewed, and
the complexity of the case, counsel requests that the court not
set a trial date at this time," Bloomberg News quoted Kent
Schaffer, Esq., Mr. Stanford's attorney, as saying.

As reported in the Troubled Company Reporter-Latin America on
September 22, 2009, Reuters said U.S. District Judge David Hittner
has ordered the Public Defender's Office to take the case of Mr.
Stanford, following the financier's statements that he could not
afford to pay lawyers' fees since his assets still remain frozen.
According to the report, Michael Sokolow from the Federal Public
Defender's Office in Houston will be Mr. Stanford's lead attorney
as he replaces Houston attorney Dick DeGuerin, who asked to
withdraw in July after failing to secure a guarantee of payment.
Bloomberg News related that Judge Hittner also approved
the addition of private practitioner Kent Schaffer.

               About Stanford International Bank

Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under management
or advisement.  Stanford Private Wealth Management serves more
than 70,000 clients in 140 countries.

On February 16, 2009, the United States District Court for the
Northern District of Texas, Dallas Division, signed an order
appointing Ralph Janvey as receiver for all the assets and records
of Stanford International Bank, Ltd., Stanford Group Company,
Stanford Capital Management, LLC, Robert Allen Stanford, James M.
Davis and Laura Pendergest-Holt and of all entities they own or
control.  The February 16 order, as amended March 12, 2009,
directs the Receiver to, among other things, take control and
possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.

The U.S. Securities and Exchange Commission, on Feb. 17, charged
before the U.S. District Court in Dallas, Texas, Mr. Stanford and
three of his companies for orchestrating a fraudulent, multi-
billion dollar investment scheme centering on an US$8 billion
Certificate of Deposit program.

A criminal case was pursued against him in June before the U.S.
District Court in Houston, Texas.  Mr. Stanford pleaded not guilty
to 21 charges of multi-billion dollar fraud, money-laundering and
obstruction of justice.  Assistant Attorney General Lanny Breuer,
as cited by Agence France-Presse News, said in a 57-page
indictment that Mr. Stanford could face up to 250 years in prison
if convicted on all charges.  Mr. Stanford surrendered to U.S.
authorities after a warrant was issued for his arrest on the
criminal charges.

The criminal case is U.S. v. Stanford, H-09-342, U.S. District
Court, Southern District of Texas (Houston). The civil case is SEC
v. Stanford International Bank, 3:09-cv-00298-N, U.S. District
Court, Northern District of Texas (Dallas).


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


DEL PLATA: Trustee Verifying Proofs of Claim Until December 3
-------------------------------------------------------------
Gerardo Horacio Madero, the court-appointed trustee for Del Plata
Salud S.A.'s reorganization proceedings, will be verifying
creditors' proofs of claim until December 3, 2009 .

Mr. Madero will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 3 in Buenos Aires, with the assistance of Clerk
No. 6, 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.

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

The Trustee can be reached at:

          Gerardo Horacio Madero
          Marcelo T. de Alvear 1364
          Argentina


DOMINGO ILVENTO: Trustee Verifying Proofs of Claim Until Nov. 30
----------------------------------------------------------------
Oscar Luis Serventich, the court-appointed trustee for Domingo
Ilvento S.A.'s bankruptcy proceedings, will be verifying
creditors' proofs of claim until November 30, 2009 .

Mr. Serventich will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 3 in Buenos Aires, with the assistance of Clerk
No. 6, 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:

          Oscar Luis Serventich
          Piedras 1319
          Argentina


DISSA SRL: Asks for Declaration of Bankruptcy
---------------------------------------------
Dissa SRL asked for the declaration of bankruptcy.

The company stopped making payments on April 30, 2009.


GRUPO AVATECH: Asks for Preventive Contest
------------------------------------------
Grupo Avatech S.A. asked for preventive contest.


INDUSTRIAS FM: Requests for Preventive Contest
----------------------------------------------
Industrias FM S.A. requests for preventive contest.

The company stopped making payments on September 24.


LAGARTO SA: Trustee Verifying Proofs of Claim Until November 19
---------------------------------------------------------------
Jose Luis Roubio, the court-appointed trustee for Lagarto SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until November 19, 2009 .

Mr. Roubio will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 6 in Buenos Aires, with the assistance of Clerk
No. 12, 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:

         Jose Luis Roubio
         Uruguay 618


MARINA BLANCA: Trustee Verifying Proofs of Claim Until December 21
------------------------------------------------------------------
Manuel Manzanita, the court-appointed trustee for Marina Blanca
SA's bankruptcy proceedings, will be verifying creditors' proofs
of claim until December 21, 2009 .

Mr. Manzanita will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 25 in Buenos Aires, with the assistance of Clerk
No. 50, 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.

Creditors will vote to ratify the completed settlement plan
during the assembly on October 5, 2010.

The Trustee can be reached at:

          Manuel Manzanita
          Av. Cordoba 1351
          Argentina


ORMAS INGENIERIA: Trustee Verifying Proofs of Claim Until Dec. 16
-----------------------------------------------------------------
Graciela Marta Lema de Muino, the court-appointed trustee for
Ormas Ingenieria y Construcciones SA's bankruptcy proceedings,
will be verifying creditors' proofs of claim until December 16,
2009 .

Ms. de Muino will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 12 in Buenos Aires, with the assistance of Clerk
No. 24, 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:

          Graciela Marta Lema de Muino
          Basualdo 1064
          Argentina


RADIO EXPRESS: Trustee Verifying Proofs of Claim Until November 30
------------------------------------------------------------------
Martin Alejandro Stolkiner, the court-appointed trustee for Radio
Express SA's bankruptcy proceedings, will be verifying creditors'
proofs of claim until November 30, 2009 .

Mr. Stolkiner will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 18 in Buenos Aires, with the assistance of Clerk
No. 36, 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:

          Martin Alejandro Stolkiner
          Avenida Cordoba 1367
          Argentina


SMART PUMP: Trustee Verifying Proofs of Claim Until December 14
---------------------------------------------------------------
Estudio Palacio, the court-appointed trustee for Smart Pump
Business SA's bankruptcy proceedings, will be verifying creditors'
proofs of claim until December 14, 2009 .

The trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 26 in Buenos Aires, with the assistance of Clerk
No. 52, 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.

Creditors will vote to ratify the completed settlement plan
during the assembly on September 9, 2010.

The Trustee can be reached at:

          Estudio Palacio
          Finocchio y Asociados
          Montevideo 368
          Argentina


TRANSPORTADORA DE GAS: Reaches Deal With 88% of Creditors
---------------------------------------------------------
Argentine pipeline operator Transportadora de Gas del Norte SA
said it reached restructuring agreements with 88.05% of its
creditors, Drew Benson at Bloomberg News reports.

According to the report, TGN updated its restructuring offer in a
filing with Argentina’s securities regulator.  The report relates
that the restructuring was announced on September 8.

As reported in the Troubled Company Reporter-Latin America on
September 9, 2009, Bloomberg News said that TGN is offering
investors a larger cash payout and shorter duration bonds in a
second attempt to restructure US$347 million in debt following a
default.  The report related the company said that the new offer
replaces the one announced on April 23.  According to the report,
as with the earlier offer, the restructuring involves swap and
cash payout options.  The report related that the company is now
offering new par bonds that will mature in 2016 as well as a cash
payout of 40 cents on the dollar for up to US$40 million from the
previous par bonds due in 2021 and a payout of 25 cents on the
dollar for up to US$30 million.

                           About TGN

Headquartered in Buenos Aires, Transportadora de Gas del Norte
SA -- http://www.tgn.com.ar/-- is one of the two largest
transporters of natural gas in Argentina, delivering approximately
40% of the country's total gas consumption and more than 50% of
Argentine total gas exports.  The northern Argentine gas pipeline
system connects major gas fields in northern and central-western
Argentina.  The company benefits from an exclusive 35-year
concession contract, ending Dec. 28, 2027, which may be extended
for an additional 10 years.  The parent company is Gasinvest S.A.,
which has a 56.35% stake and comprises five companies:
Totalfinaelf (27.2%), Transcogas Inversora S.A. (22.3%), Compania
General de Combustibles (5%), Organizacion Techint (27.2%), and
Petroliam Nasional Berhad (18.3%).  In addition, CMS Gas Argentina
holds 23.5% of Transportadora Norte's shares, while the remaining
20% is traded on the Buenos Aires stock exchange.

                           *     *     *

As of June 8, 2009, the company continues to carry Fitch Ratings'
D long-term local and foreign currency Issuer Default Ratings.  It
also continues to carry Fitch Ratings' National Long term and
National Sr Unsecured rating at D


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


C-CUBE MICROSYSTEMS: Creditors' Proofs of Debt Due on October 16
----------------------------------------------------------------
The creditors of C-Cube Microsystems International Ltd. are
required to file their proofs of debt by October 16, 2009, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on September 30, 2009.

The company's liquidator is:

          Paul Bento
          1110 American Parkway NE
          Allentown PA 18109


CT GLOBAL: Creditors' Proofs of Debt Due on October 16
------------------------------------------------------
The creditors of CT Global Insurance Ltd are required to file
their proofs of debt by October 16, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 30, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House
          Church Street, Hamilton
          Bermuda


DOUBLECLICK INTERNATIONAL: Creditors' Proofs of Debt Due on Nov. 6
------------------------------------------------------------------
The creditors of Doubleclick International Tech Solutions Limited
are required to file their proofs of debt by November 6, 2009, to
be included in the company's dividend distribution.

The company commenced wind-up proceedings on September 22, 2009.

The company's liquidator is:

          Charles Thresh
          KPMG Advisory Limited
          4 Par-La-Ville Road, Hamilton
          Bermuda, HM DX


ENERGY PLANT: Creditors' Proofs of Debt Due on October 16
---------------------------------------------------------
The creditors of Energy Plant Engineers International Ltd. are
required to file their proofs of debt by October 16, 2009, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on October 1, 2009.

The company's liquidator is:

          Ernest A. Morrison
          Milner House, 18 Parliament Street
          Hamilton, Bermuda


LATIN AMERICA: Creditors' Proofs of Debt Due on October 21
----------------------------------------------------------
The creditors of Latin America Internet Development Group Ltd. are
required to file their proofs of debt by October 21, 2009, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on October 2, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House
          Church Street, Hamilton
          Bermuda


LSF IV: Creditors' Proofs of Debt Due on October 16
---------------------------------------------------
The creditors of LSF IV Derivatives II, Ltd. re required to file
their proofs of debt by October 16, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 29, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House
          Church Street, Hamilton
          Bermuda


MBE CONSULTANTS: Creditors' Proofs of Debt Due on October 30
------------------------------------------------------------
The creditors of M.B.E. Consultants Ltd. are required to file
their proofs of debt by October 30, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 29, 2009.

The company's liquidators are:

          Peter C.B. Mitchell
          Nigel J.S. Chatterjee
          PricewaterhouseCoopers Advisory Limited
          Dorchester House, 7 Church Street
          Hamilton, Bermuda


NEW STAR: Creditors' Proofs of Debt Due on October 16
-----------------------------------------------------
The creditors of New Star Capital Guaranteed Higher Income Fund
Limited are required to file their proofs of debt by October 16,
2009, to be included in the company's dividend distribution.

The company commenced wind-up proceedings on September 30, 2009.

The company's liquidator is:

          Robin J. Mayor
          Clarendon House
          Church Street, Hamilton
          Bermuda


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


MRS LOGISTICA: S&P Affirms 'BB' Global Corporate Credit Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its
Brazilian national scale corporate credit rating on MRS Logistica
S.A. to 'brAA' from 'brAA-'.

At the same time, S&P affirmed its 'BB' global scale corporate
credit rating on the company.

The outlooks are stable.

"The national scale upgrade reflects MRS' consistent results and
tenable cash flows even amid the current global economic
downturn," said Standard & Poor's credit analyst Piero Parolin.
"The company's financial discipline, reflected in its improving
credit measures during the past several quarters and its adequate
debt profile and cash position, also contributed to this rating
action."

The ratings on Brazil-based MRS reflect its cargo and client
concentration, limited scope of assets as a comparatively short
railroad, and strategy of fast-growth, capital-intensive
expansion.

These negatives are partially offset by MRS' favorable tariff
model with captive-cargo clients, reflecting the company's
sustainable relationship with its major shareholders; its adequate
debt profile; and the resilience of its cash flows.


SUL AMERICA: Banco de Brasil Deal Won't Affect Fitch's Ratings
--------------------------------------------------------------
Fitch Ratings believes that a potential sale of Sul America S.A.'s
stake in Brasilveiculos Companhia de Seguros to Banco do Brasil
S.A. should not affect the ratings currently assigned to Sasa.

In Fitch's opinion, Sasa's operating efficiency and profitability
ratios should remain in line with its current ratings, despite the
expected reduction in its auto insurance operations.  The ratings
already consider the concentration of distribution channels,
especially in the auto segment, and the possibility of losing some
of them.  In addition, Fitch believes that the expansion of the
company's health business, which is the main segment in which the
company operates, accounting for over 50% of its revenues, should
not be affected by the business model revision and partnership at
the joint venture of Brasilsaude Companhia de Seguros, which
represents only 2% of total consolidated premiums of Sasa.  This
business is basically distributed through independent brokers, a
distribution channel which accounts for around 80% of the total
premiums generated by the company.

Brasilveiculos is a joint-venture between BB (long-term foreign
and local currency Issuer Default Ratings of 'BBB-'; long-term
national rating of 'AA+(bra)'; all Outlooks are Stable) and Sasa.
It covers the sale of auto insurance in the bank's network and
represents 40% of the generation of auto premiums and 13.5% of
Sasa's consolidated revenue.  Brasilveiculos total equity was
equivalent to BRL314.3 million as of June 2009, with Sasa holding
30% of the total capital and 60% of the voting capital.  After
concluding the modelling of its restructuring in the insurance
area, on Oct. 6, 2009, BB announced its intention to acquire
Sasa's participation in Brasilveiculos, although there is no price
proposal or pre-contract, yet.

BB plans to increase market share through organic growth, having
signed a letter of intent to develop a strategic alliance with
group Mapfre (Mapfre SA, long-term IDR 'A-', Outlook Negative) in
various insurance lines.  Upon conclusion of the process for
acquisition of Brasilveiculos, which should gradually progress,
Sasa will likely lose market share in the auto line, going from
the current 16.5% to around 10.0%.  Nevertheless, its operating
efficiency should not be significantly affected, since
Brasilveiculos shows a profile similar to the overall company
businesses.  In addition, its leverage ratios should be reduced
and the cash resulting from the sale of Brasilveiculos shall allow
space for the development of other partnerships and additional
organic growth in the long term.

The Brazilian insurance market has become more competitive since
2008, the result of different mergers and partnership agreements
between the largest insurers which have concentrated most of the
market, in particular those affiliated with large financial
conglomerates.  Thus, the market leaders become part of, or enter
into agreements with the largest financial groups in the Brazil,
which reinforces the importance of having access to distribution
through banking channels.  Sasa is part of the group of large,
independent insurance companies in Latin America without its own
banking distribution channel and will face a major challenge to
speed up partnerships for distribution, as it faces increased
market competition.

Fitch believes that the partnership between BB and Mapfre
reinforces BB's position in the insurance market, and any impact
on the bank's ratings are not expected in the medium term.

Sasa is part of a traditional insurance group in Brazil, which
operates in practically all industry segments.  According to the
Superintendence of Private Insurances and the National Agency of
Supplemental Health, it was the second largest insurance company
in the country in health and auto lines, with market shares of
35.8% and 16.5%, respectively, in June 2009, and the largest
independent insurance group.  It relies on around 26,000 active
brokers and has been gradually growing its cross sales and
partnerships in the distribution of products and services.

Sasa is 32.9% controlled by Sulasapar Participacoes and 21.2% by
ING Insurance International BV.  8.8% of Sasa's capital is held by
executives, members of the board and other individuals (8.8%),
while the balance (37.2%) is market floating shares.

BB is the second largest financial conglomerate in Brazil, a
leader in multiple segments such as export financing, rural
credit, asset management and deposits, due to its strong demand,
term and saving deposit base.

Fitch's current ratings on Sul America are:

  -- Long-term foreign currency Issuer Default Rating 'BB';
     Outlook Stable;

  -- Long-term local currency IDR 'BB'; Outlook Stable;

  -- Short-term foreign currency IDR 'B';

  -- Short-term local currency IDR 'B';

  -- Long-term national ratings 'AA-(bra)'; Outlook Stable;

  -- Short-term national rating 'F1+(bra)';

  -- US$200 million in senior notes 'BB-'.


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


ASHANTI CAPITAL: Members to Receive Wind-Up Report on October 19
----------------------------------------------------------------
The members of Ashanti Capital Limited will hold their final
meeting on October 19, 2009, to receive the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

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


ASHANTI GSM: Members to Receive Wind-Up Report on October 19
------------------------------------------------------------
The members of Ashanti GSM Limited will hold their final meeting
on October 19, 2009, to receive the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

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


COMMERCIAL ALTERRA: Members to Receive Wind-Up Report on Oct. 22
----------------------------------------------------------------
The members of Commercial Alterra Luton Holdings, Ltd. will hold
their final meeting on October 22, 2009, at 9:10 a.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Victor Murray
          c/o Maples Finance Limited
          PO Box 1093, Boundary Hall
          Grand Cayman KY1-1102, Cayman Islands


CONCENTRATED: Creditors' Proofs of Debt Due on October 29
---------------------------------------------------------
The creditors of Concentrated Opportunities SPC are required to
file their proofs of debt by October 29, 2009, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on September 5, 2009.

The company's liquidator is:

          David Walker
          c/o Jodi Jones
          Telephone: (345) 914-8694
          Facsimile: (345) 945-4237
          PO Box 258, Grand Cayman KY1-1104
          Cayman Islands


CONDUCTOR MASTER: Placed Under Voluntary Liquidation
----------------------------------------------------
On September 10, 2009, the sole shareholder of Conductor Master
Funds SPC resolved to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of October 14,
2009, will be included in the company's dividend distribution.

The company's liquidator is:

          Avalon Management Limited
          c/o Mourant du Feu & Jeune
          Telephone: (+1) 345 949 4123
          Facsimile: (+1) 345 949 4647; or

          Avalon Management Limited
          Telephone: (+1) 345 769 4422
          Facsimile: (+1) 345 769 9351
          Harbour Centre, 42 North Church Street
          P.O. Box 1348, George Town
          Grand Cayman KY1-1108, Cayman Islands


CONOCOPHILLIPS EASTERN: Shareholders to Meet on October 19
----------------------------------------------------------
The shareholders of Conocophillips Eastern Hemisphere New Ventures
Ltd. will hold their final meeting, on October 19, 2009, at
10:30 a.m., to receive the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Trident Liquidators (Cayman) Ltd.
          Philip Sutcliffe
          Trident Trust Company (Cayman) Limited
          Telephone: (345) 949-0880
          Facsimile: (345) 949-0881
          P.O. Box 847, George Town
          Grand Cayman KY1-1103


CONOCOPHILLIPS EXPLORATION: Shareholders to Meet on October 19
--------------------------------------------------------------
The shareholders of Conocophillips Exploration Investment Ltd.
will hold their final meeting, on October 19, 2009, at 10:00 a.m.,
to receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Trident Liquidators (Cayman) Ltd.
          Philip Sutcliffe
          Trident Trust Company (Cayman) Limited
          Telephone: (345) 949-0880
          Facsimile: (345) 949-0881
          P.O. Box 847, George Town
          Grand Cayman KY1-1103


CSA 2005 A: Creditors' Proofs of Debt Due on October 28
-------------------------------------------------------
The creditors of CSA 2005 A Limited are required to file their
proofs of debt by October 28, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 2, 2009.

The company's liquidator is:

          Walkers Corporate Services Limited
          c/o Anthony Johnson
          Telephone: (345) 914-6314
          Walker House, 87 Mary Street, George Town
          Grand Cayman KY1-9005, Cayman Islands


DESAROLLO INDUSTRIALES: Creditors' Proofs of Debt Due on Oct. 19
----------------------------------------------------------------
The creditors of Desarollo Industriales Cayman, LLC are required
to file their proofs of debt by October 19, 2009, to be included
in the company's dividend distribution.

The company commenced wind-up proceedings on September 14, 2009.

The company's liquidator is:

          Rick L. Klingensmith
          Desarollo Industriales Cayman, LLC
          835 Hamilton Street, 2nd Floor
          Allentown, PA 18101, USA
          Telephone: 610 774 7181
          Facsimile: 610 774 7376


FAIRFIELD APEX: Creditors' Proofs of Debt Due on October 29
-----------------------------------------------------------
The creditors of Fairfield Apex Greater China Equity Fund Ltd are
required to file their proofs of debt by October 29, 2009, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on September 7, 2009.

The company's liquidator is:

         David Walker
         c/o Jodi Jones
         Telephone: (345) 914-8694
         Facsimile: (345) 945-4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


FAIRFIELD ZWEIG-DIMENNA: Creditors' Proofs of Debt Due on Oct. 29
-----------------------------------------------------------------
The creditors of Fairfield Zweig-Dimenna Natural Resources Fund
Ltd are required to file their proofs of debt by October 29, 2009,
to be included in the company's dividend distribution.

The company commenced wind-up proceedings on September 4, 2009.

The company's liquidator is:

         David Walker
         c/o Jodi Jones
         Telephone: (345) 914-8694
         Facsimile: (345) 945-4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


FIRST QUADRANT: Placed Under Voluntary Liquidation
--------------------------------------------------
On September 17, 2009, the sole shareholder of First Quadrant
European Market Neutral Fund Ltd. resolved to voluntarily
liquidate the company's business.

Only creditors who were able to file their proofs of October 14,
2009, will be included in the company's dividend distribution.

The company's liquidator is:

          Mourant Cayman Liquidators, Ltd.
          c/o Mourant du Feu & Jeune
          Telephone: (+1) 345 949-4123
          Facsimile: (+1) 345 949-4647; or

          Mourant Cayman Liquidators, Ltd.
          c/o Peter Goulden
          Telephone: (+1) 345 949-4123
          Facsimile: (+1) 345 949-4647
          Harbour Centre, 42 North Church Street
          P.O. Box 1348, George Town
          Grand Cayman KY1-1108, Cayman Islands


LMOS HOLDINGS: Commences Wind-Up Proceedings
--------------------------------------------
At an extraordinary general meeting held on September 4, 2009, the
shareholders of LMOS Holdings Limited resolved to voluntarily wind
up the company's operations.

Only creditors who were able to file their proofs of debt by
October 7, 2009, will be included in the company's dividend
distribution.

The company's liquidator is:

          Buchanan Limited
          c/o Rose Fergoson
          Telephone: (345) 949-0355
          Facsimile: (345) 949-0360
          P.O. Box 1170, Grand Cayman KY1-1102
          Cayman Islands


MANAT HOLDINGS: Creditors' Proofs of Debt Due on October 29
-----------------------------------------------------------
The creditors of Manat Holdings Limited are required to file their
proofs of debt by October 29, 2009, to be included in the
company's dividend distribution.

The company's liquidator is:

         Jorge E. Bacardi
         P.O. Box N-10272, Columbia Road
         Lyford Cay, Nassau
         Bahamas


MGM REINSURANCE: Creditors' Proofs of Debt Due on October 21
------------------------------------------------------------
The creditors of MGM Reinsurance Company Ltd. are required to file
their proofs of debt by October 21, 2009, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 3, 2009.

The company's liquidator is:

          Dugald Macleod
          Caledonian House, 69 Dr Roy's Drive
          PO Box 1043, George Town
          Grand Cayman KY1-1102
          Telephone: 345-914-0050
          Facsimile: 345-814-4875


MILESTONE INTERNATIONAL: Commences Wind-Up Proceedings
------------------------------------------------------
At an extraordinary general meeting held on September 4, 2009, the
shareholders of Milestone International Limited resolved to
voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
October 7, 2009, will be included in the company's dividend
distribution.

The company's liquidator is:

          Buchanan Limited
          c/o Rose Fergoson
          Telephone: (345) 949-0355
          Facsimile: (345) 949-0360
          P.O. Box 1170, Grand Cayman KY1-1102
          Cayman Islands


ORCHESTRA SUB-FUNDS: Placed Under Voluntary Liquidation
-------------------------------------------------------
On September 10, 2009, the sole shareholder of Orchestra Sub-Funds
SPC resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of October 14,
2009, will be included in the company's dividend distribution.

The company's liquidator is:

          Avalon Management Limited
          c/o Mourant du Feu & Jeune
          Telephone: (+1) 345 949 4123
          Facsimile: (+1) 345 949 4647; or

          Avalon Management Limited
          Telephone: (+1) 345 769 4422
          Facsimile: (+1) 345 769 9351
          Harbour Centre, 42 North Church Street
          P.O. Box 1348, George Town
          Grand Cayman KY1-1108, Cayman Islands


PALM BEACH: Court Enters Wind-Up Order
--------------------------------------
On September 3, 2009, the Grand Court of Cayman Islands entered an
order to wind up the operations of Palm Beach Strategic Offshore,
Ltd.

The company's liquidators are:

         Geoffrey Varga
         Nicolas Matthews
         Kinetic Partners (Cayman) Limited
         The Harbour Centre
         42 North Church Street
         P.O. Box 10387, Grand Cayman KY1-1004


TAMARILLO LIMITED: Commences Wind-Up Proceedings
------------------------------------------------
At an extraordinary general meeting held on September 4, 2009, the
shareholders of Tamarillo Limited resolved to voluntarily wind up
the company's operations.

Only creditors who were able to file their proofs of debt by
October 7, 2009, will be included in the company's dividend
distribution.

The company's liquidator is:

          Buchanan Limited
          c/o Rose Fergoson
          Telephone: (345) 949-0355
          Facsimile: (345) 949-0360
          P.O. Box 1170, Grand Cayman KY1-1102
          Cayman Islands


TATI RIVER: Creditors' Proofs of Debt Due on October 28
-------------------------------------------------------
The creditors of Tati River Holdings Limited are required to file
their proofs of debt by October 28, 2009, to be included in the
company's dividend distribution.

The company's liquidator is:

          Ricardo Lorrimer
          Suite 201, Stevmar House, Rockley
          Christ Church BB15137
          Barbados


==================================
D O M I N I C A N  R E P U B L I C
==================================

* DOMINICAN REPUBLIC: Warns of US$700M “Record” Revenue Slump
-------------------------------------------------------------
Dominican Republic Hacienda Minister Vicente Bengoa said the
government expects a revenue shortfall of as much as 22 billion
pesos (around US$700 million) until December, Dominican Today
reports.

According to the report, Mr. Bengoa revealed that the World Bank
and the Inter-American Development Bank refused to disburse US$690
million to the government as a way to force it into signing with
the International Monetary Fund.  However, the report relates
Mr. Bengoa said that if it doesn’t sign the government would be
“cornered” and admitted that it’s “an extremely bitter drink” to
have tell President Leonel Fernandez that he has to sign with the
IMF.

Mr. Bengoa, the report relates, reiterated that the IMF and other
international organisms are a swindle, noting that they haven’t
done anything to ease the United States economic crisis, which
Dominican Republic has been victim of, “imports fell, collections
fell, they don’t want to disburse to us and now they come as
directors.”

The Dominican Today notes that Mr. Bengoa, in an interview in the
program Hoy Mismo, said that to disburse the US$700 million it was
originally never considered necessary to resort to the IMF,
whereas to tax revenue “not even a wizard could determine that
that was going to happen.  And what’s most important, the Fund, is
for the first time in Latin America, going to disburse 450 million
dollars, 300 this year, and 150 next year, which are going to go
directly to Hacienda for budgetary support.”

                           *     *     *

The country continues to carry Moody's B2 currency ratings.


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


JAMAICA PUBLIC SERVICE: Loses JM$4BB a Year From Electricity Theft
------------------------------------------------------------------
Jamaica Public Service said it is losing JM$4 billion annually
from the theft of electricity, RadioJamaica reports.  The report
relates that the company is now focusing on various initiatives to
clampdown on the problem.

According to the report, JPSCO Corporate Communications Manager at
the JPS, Winsome Callum, says a US$13 million fund has been set up
to specifically target electricity theft.

"We recently started deploying some technological initiatives that
will allow us to monitor customers' usage remotely and also to
terminate the supply if necessary.  This alternating meter
structure, as it is called, allows us to put in more insulated
cabling infrastructure so that it makes it much more difficult for
customers to tamper with the meters," the report quoted Ms. Callum
as saying.

Headquartered in Kingston, Jamaica -- https://www.jpsco.com --
Jamaica Public Service Company Limited is an integrated electric
utility company and the sole distributor of electricity in
Jamaica.  The company is engaged in the generation, transmission
and distribution of electricity, and also purchases power from
five Independent Power Producers.  Japanese-based Marubeni
Corporation owns 80 percent of the company.  The Government of
Jamaica and a small group of minority shareholders own the
remaining shares.  JPS currently has roughly 582,000 customers who
are served by a workforce of over 1,600 employees.  The Company
owns and operates 28 generating plants, 54 substations, and
roughly 14,000 kilometers of distribution and transmission lines.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
March 9, 2009, Radio Jamaica said JPSCO may shutdown its
operations if the company fails to settle a long-standing dispute
over outstanding payments to employees.  The same report said
employees unions contended the payments are owed for overtime work
and redundancy adjustments from 2001 to 2007, which amounts to
about JM$600 million.


===========
M E X I C O
===========


CEMEX SAB: BG Europa Installs Asphalt Screen for CEMEX Salford
--------------------------------------------------------------
BG Europa (UK) Ltd has recently installed a Finedoor Ritescreen
Multideck Vibrating Screen on the Barber Greene BA2250 batch plant
operated by CEMEX UK at Hope Street, Salford, Manchester.

BG Europa designed and fabricated the screen dust housing which
features bolt on panels and a discharge hood with folding division
plates to allow access to screen meshes.  A replacement screen
base frame was also designed to suit the existing hot stone bins
and included a single 22.0 kW EFF1 electric motor drive.

The screen was assembled on its base frame within the housing
prior to delivery to site to speed the installation process.  In
addition to modifications such as the installation of an extra
section of hot elevator and ductwork alterations required to fit
the screen; BG Europa also modified the surrounding platforms,
walkways and handrails to ensure that safe access to all equipment
was provided.

Installation was performed and completed ahead of schedule within
a short time frame to minimise disruption to CEMEX customers.
Commissioning was undertaken in co-operation with Finedoor and
full plant production resumed on schedule.

Commenting on the project, Bryn Williams (Site Manager), said, "We
were highly delighted with the screen.  The BG Europa installation
team worked in a safe and efficient manner and completed the
installation in the timescale allotted."

                        About BG Europa

BG Europa (UK) Ltd is a family owned business based in
Wickhambrook, Suffolk.  The company has extensive industry
experience providing customers with quality equipment offering low
operational costs and long life expectancy at competitive prices.
The importance placed on in house engineering expertise allows BGE
to bespoke all equipment to exactly match customer's requirements.

                          About Cemex SAB

CEMEX, S.A.B. de C.V. is a Mexican corporation, a holding company
of entities which main activities are oriented to the construction
industry, through the production, marketing, distribution and sale
of cement, ready-mix concrete, aggregates and other construction
materials.  CEMEX is a public stock corporation with variable
capital (S.A.B. de C.V.) organized under the laws of the United
Mexican States, or Mexico.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 19, 2009, Fitch Ratings has affirmed these ratings of
Cemex, S.A.B. de C.V.:

  -- Foreign currency Issuer Default Rating at 'B';

  -- Local currency IDR at 'B';

  -- Long-term national scale rating at 'BB-(mex)';

  -- MXN5 billion Certificados Bursatiles program at 'BB- (mex)';

  -- MXN30 billion Programa Dual Revolvente de Certificados
     Bursatiles program at 'BB-(mex)';

  -- Senior unsecured debt obligations at 'B+/RR3';

  -- Unsecured debt issued through the Certificados Bursatiles
     program at 'BB-(mex)';

  -- Short-term national scale rating at 'B (mex)';

  -- MXN2.5 billion short-term portion of Programa Dual Revolvente
     de Certificados Bursatiles program at 'B (mex)'.


LUZ Y FUERZA: Power Outages May Stem From Fired Workers
-------------------------------------------------------
Seven neighborhoods in Mexico’s City metropolitan area lost power
after fired Luz y Fuerza del Centro workers turned off a switch to
the area, Carlos Manuel Rodriguez at Bloomberg News reports,
citing Radio Formula network.  The report, citing Radio Formula,
relates that the outage is the first confirmed one caused by
sabotage.

As reported in the Troubled Company Reporter-Latin America on
October 10, 2009, Bloomberg News said that the government of
Mexico will liquidate Luz y Fuerza del Centro this week after
President Felipe Calderon said the finances at the firm were
“unsustainable” amid mounting losses.  The report related that
local media outlets published that federal police officers seized
the power company’s headquarters and other facilities on October
10.  According to the report, Bloomberg News noted Interior
Minister Fernando Gomez Mont said that Comision Federal de
Electricidad will take over operations of Luz y Fuerza.  Luz y
Fuerza assets may be transferred to CFE or a new state company may
be created, Mexican Finance Minister Agustin Carstens told
Televisa in an interview, the report related.

                       About Luz y Fuerza

Luz y Fuerza del Centro is Mexico's second-largest power supplier.
The company has around 44,000 workers.  It provides power to a
metropolitan area of 20 million people and several states
surrounding Mexico City.


=================
V E N E Z U E L A
=================


PETROLEOS DE VENEZUELA: To Sell US$3 Billion of Bonds
-----------------------------------------------------
Petroleos de Venezuela SA will sell “on the order of US$3 billion”
in bonds in the second half of October, Steven Bodzin and Andrea
Jaramillo at Bloomberg News report, citing Deputy Energy Minister
Eulogio Del Pino.  “We have an unutilized borrowing capacity,” the
report quoted Mr. Del Pino as saying.  “There’s no reason for us
not to sell again to improve cash flow in our operations,” he
added.

According to the report, Venezuela, which earlier this month
issued US$5 billion of bonds in the local market, will increase
the sale of dollar securities in a bid to strengthen the bolivar
in unofficial trading to 3.5 per dollar and curb inflation.

Mr. Del Pino, the report notes, said that PDVSA has bought back
less than US$1 billion of its bonds.  The oil company sold US$3
billion of zero-coupon bonds in July.

The report says that Mr. Del Pino said that PDVSA plans to boost
investment spending next year and will pay off US$1.4 billion in
overdue bills to suppliers this month.

                            About PDVSA

Petroleos de Venezuela -- http://www.pdvsa.com/-- is Venezuela's
state oil company in charge of the development of the petroleum,
petrochemical, and coal industry, as well as planning,
coordinating, supervising, and controlling the operational
activities of its divisions, both in Venezuela and abroad.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
July 3, 2009, Fitch Ratings assigned a 'B+/RR4' rating to
Petroleos de Venezuela S.A.'s proposed US$3 billion zero coupon
notes due in 2011.  These notes will be registered at Euroclear
or Clearstream.  Proceeds from the issuance are expected to be
used to fund capital expenditures and for other general corporate
purposes.  Fitch also has these ratings on PDVSA:

  -- Foreign currency Issuer Default Rating 'B+'
  -- Local currency IDR 'B+'
  -- US$3 billion outstanding senior notes (due 2017) 'B+/RR4'
  -- US$3.5 billion outstanding senior notes (due 2027) 'B+/RR4'
  -- US$1.5 billion outstanding senior notes (due 2037) 'B+/RR4'


* VENEZUELA: To Seize Hilton Resort On Margarita Island
--------------------------------------------------------
Darcy Crowe at Dow Jones Newswires reports that Venezuela
President Hugo Chavez has ordered the nationalization of Hilton
resort on the Caribbean island of Margarita.  The report relates
that the resort is owned by local firms facing troubles with the
government's financial oversight body.

According to the report, the resort, which is managed by Hilton
Worldwide, has 280 rooms and 154 time-share suites, according to
the presidential decree ordering the takeover.

Dow Jones Newswires notes that Karla Visconti, a spokeswoman for
Hilton Worldwide, said the company "is evaluating how the
Venezuelan government's action affects its interest in this
hotel."  Hilton manages the hotel on Margarita, but doesn't own
it, Ms. Visconti added.

The report, citing the decree signed by President Chavez, says the
hotel will help in the development of tourism projects in "a
socialist framework."  The report relates that the decree didn't
specify any compensation for the seizure or when the
nationalization will be executed.

President Chavez, the report points out, has set his eyes on the
tourism industry for some time.  The report recalls that a law was
approved in 2008 labeling the tourism industry as "public
interest," essentially allowing for the government to quickly
nationalize any companies operating in the sector.

Dow Jones relates that for Hilton, the main risk is losing its
management fee for operating the resort, something that happened
when its hotel in Caracas was nationalized a few years back.

                        About Hilton Hotels

Headquartered in Beverly Hills, California, Hilton Hotels Corp.
-- http://www.hilton.com/-- together with its subsidiaries,
engages in the ownership, management, and development of hotels,
resorts, and timeshare properties, as well as in the franchising
of lodging properties in the United States and internationally,
including Australia, Austria, Barbados, Costa Rica, Finland,
India, Indonesia, Trinidad and Tobago, Philippines and Vietnam.


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


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

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.


           * * * End of Transmission * * *