TCRLA_Public/100824.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

              Tuesday, August 24, 2010, Vol. 11, No. 166

                            Headlines



A R G E N T I N A

ACCION GROUP: Creditors' Proofs of Debt Due on September 30
BAR EXPRESS: Creditors' Proofs of Debt Due on November 5
FIBRA PAPELERA: Creditors' Proofs of Debt Due on October 13
METALKU SA: Creditors' Proofs of Debt Due on October 8
NORCOMB SRL: Creditors' Proofs of Debt Due on October 18


B A H A M A S

CLICO (BAHAMAS): Liquidator Seeks to Stop Fire Sale of Major Asset


B E R M U D A

LONE STAR: Creditors' Proofs of Debt Due on September 17
LONE STAR: Members' Final Meeting Set for September 24
LSREF IRISH: Creditors' Proofs of Debt Due on September 17
LSREF IRISH: Members' Final Meeting Set for September 24
MILLENNIUM INORGANIC: Creditors' Proofs of Debt Due on August 27

MILLENNIUM INORGANIC: Members' Final Meeting Set for September 17
MILLENNIUM INORGANIC: Creditors' Proofs of Debt Due on August 27
MILLENNIUM INORGANIC: Members' Final Meeting Set for September 17


C A Y M A N  I S L A N D S

ACTIV HOLDINGS: Creditors' Proofs of Debt Due on September 16
AJAX RE: Creditors' Proofs of Debt Due on September 16
BALVENIE LIMITED: Creditors' Proofs of Debt Due on September 16
CALUANA LIMITED: Creditors' Proofs of Debt Due on September 15
DANA PETROLEUM: Creditors' Proofs of Debt Due on September 16

ESPEN NORDHUS: Creditors' Proofs of Debt Due on September 16
FIRST HOSPITAL: Creditors' Proofs of Debt Due on September 13
GANYMEDE CAPITAL: Creditors' Proofs of Debt Due on September 16
HTMZ LIMITED: Creditors' Proofs of Debt Due on September 16
LAKESIDE RE: Creditors' Proofs of Debt Due on September 16

LCG SPV2: Creditors' Proofs of Debt Due on September 16
MANGROVE RE: Creditors' Proofs of Debt Due on September 16
MAX-MM: Creditors' Proofs of Debt Due on September 16
MYSTIC RE: Creditors' Proofs of Debt Due on September 16
PARAMETRIC RE: Creditors' Proofs of Debt Due on September 16

PRIME FINANCE: Creditors' Proofs of Debt Due on September 16
SOUTH COAST: Creditors' Proofs of Debt Due on September 16
SUMITOMO FINANCE: Creditors' Proofs of Debt Due on September 16
VASCO RE: Creditors' Proofs of Debt Due on September 16
ZURICH PREMIER: Creditors' Proofs of Debt Due on September 16


J A M A I C A

DIGICEL GROUP: Invests JM$2 Billion in Internet Service


P U E R T O  R I C O

CARIBBEAN PETROLEUM: Wants to Sell Substantially All of Assets
CARIBBEAN PETROLEUM: Section 341(a) Meeting Scheduled for Sept. 16
CARIBBEAN PETROLEUM: Wants Filing of Schedules Extended to 60 Days


V E N E Z U E L A

HELM BANK: Venezuela Shuts Down Bank for Connections to Banco Real


X X X X X X X X

* Large Companies With Insolvent Balance Sheets




                         - - - - -


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


ACCION GROUP: Creditors' Proofs of Debt Due on September 30
-----------------------------------------------------------
Armando Luis Molinari, the court-appointed trustee for Accion
Group SA's bankruptcy proceedings, will be verifying creditors'
proofs of claim until September 30, 2010.

Mr. Molinari will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 1 in Buenos Aires, with the assistance of Clerk
No. 1, 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:

         Armando Luis Molinari
        Rodriguez Pena 110
         Argentina


BAR EXPRESS: Creditors' Proofs of Debt Due on November 5
--------------------------------------------------------
The court-appointed trustee for Bar Express S.A.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
November 5, 2010.

The trustee will present the validated claims in court as
individual reports on December 20, 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
March 10, 2011.


FIBRA PAPELERA: Creditors' Proofs of Debt Due on October 13
-----------------------------------------------------------
The court-appointed trustee for Fibra Papelera S.A.'s
reorganization proceedings, will be verifying creditors' proofs of
claim until October 13, 2010.

The trustee will present the validated claims in court as
individual reports on November 24, 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
March 8, 2011.

Creditors will vote to ratify the completed settlement plan
during the assembly on September 21, 2011.


METALKU SA: Creditors' Proofs of Debt Due on October 8
------------------------------------------------------
Moises Gorelik, the court-appointed trustee for Metalku SA's
reorganization proceedings, will be verifying creditors' proofs of
claim until October 8, 2010.

Mr. Gorelik will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 14 in Buenos Aires, with the assistance of Clerk
No. 28, 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 August 4, 2011.

The Trustee can be reached at:

         Moises Gorelik
         Lavalle 1675
         Argentina


NORCOMB SRL: Creditors' Proofs of Debt Due on October 18
--------------------------------------------------------
The court-appointed trustee for Norcomb S.R.L.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
October 18, 2010.

The trustee will present the validated claims in court as
individual reports on November 29, 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
February 11, 2011.


=============
B A H A M A S
=============


CLICO (BAHAMAS): Liquidator Seeks to Stop Fire Sale of Major Asset
------------------------------------------------------------------
CLICO Bahamas Limited liquidator Craig Gomez sought a 90-day
extension from the U.S. courts to reorganize the affairs of the
company's main asset, Wellington Preserve Corporation, which
accounts for 63% of the insolvent insurer's total assets, in a bid
to avoid a "fire sale" of a development worth "enormously in
excess" of the liens against it, the Tribune Business of The
Bahamas reports.  CLICO Bahamas is a subsidiary of CL Financial
Limited.

According to the Tribune, Mr. Gomez also wants more time to
complete Wellington Preserve's sale to a new buyer since the
potential deal with initial front runner, the Hines Group, has
fallen through.   Mr. Gomez is both president and director of
Wellington Preserve.

The Tribune, citing an August 10 filing with the U.S. courts,
relates Mr. Gomez and his attorneys placed Wellington Preserve in
Chapter 11 bankruptcy protection after the Hines Group deal
collapsed.  The report relates that Wellington Preserve needed to
be protected from a US$1.5 million judgment entered against it and
numerous creditors, who include the U.S. Internal Revenue Service.

The Tribune, citing the filing, notes Mr. Gomez said that the
property is "presently encumbered by outstanding and unpaid real
estate taxes; a judgment for approximately US$1.5 million, a
certified copy of which was recorded during the preference period;
and minor mechanic's liens claims totaling less than US$50,000."

"In this very unusual case, there is no mortgage.  The entire
parcel, before some lots were subdivided and sold, was purchased
for US$55 million in 2004.  The estimated 'as built' sellout for
the lots was over US$120 million.  As is, even in the economy of
today, the property is worth tens of millions of dollars-
enormously in excess of the encumbrances," the Tribune report
said.

The Tribune report added: "The implication of all this for CLICO
(Bahamas) policyholders and Bahamian creditors is that the return
of their monies might be further delayed, as the liquidator will
have to work out and through all the potential tax liabilities and
creditor claims."

CLICO Life and General Insurance Company South America Limited
(CLICO Guyana)'s legal team is currently trying to get back at
least part of US$6.9 billion, which represent 53% of its assets,
that was invested in Clico (Bahamas), the report adds.

                      About Clico (Bahamas)

Clico (Bahamas) Limited is a Bahamian company that was involved in
life and health insurance, pensions and annuities.

                         *     *     *

As reported by the Troubled Company Reporter on April 30, 2009,
Clico (Bahamas) Limited filed for bankruptcy protection under
Chapter 15 of the U.S. Bankruptcy Code before the U.S. Bankruptcy
Court for the Southern District of Florida (Miami).   Chapter 15
allows a company to seek protection from creditors in the United
States while its primary bankruptcy case is pending in another
country.

Clico commenced insolvency proceedings before the Commercial
Division of the Supreme Court of the Bahamas.  The TCR, citing a
Bloomberg report, said Clico listed assets and debt of as much as
$500 million each.  The Company, Bloomberg said, citing court
papers, loaned more than $70 million to affiliated companies which
Clico's liquidator "believes has found its way into real estate
developments."

Craig A. Gomez was appointed by the Bahamian court as liquidator
of Clico, Bloomberg reported, citing court documents.


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


LONE STAR: Creditors' Proofs of Debt Due on September 17
--------------------------------------------------------
The creditors of Lone Star Real Estate Holdings, Ltd. are required
to file their proofs of debt by September 17, 2010, to be included
in the company's dividend distribution.

The company commenced wind-up proceedings on August 10, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House
         Church Street, Hamilton
         Bermuda


LONE STAR: Members' Final Meeting Set for September 24
------------------------------------------------------
The members of Lone Star Real Estate Holdings, Ltd. will hold
their final meeting, on September 24, 2010, at 9:30 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company commenced wind-up proceedings on August 10, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House
         Church Street, Hamilton
         Bermuda


LSREF IRISH: Creditors' Proofs of Debt Due on September 17
----------------------------------------------------------
The creditors of LSREF Irish Holdings, Ltd. are required to file
their proofs of debt by September 17, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 10, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House
         Church Street, Hamilton
         Bermuda


LSREF IRISH: Members' Final Meeting Set for September 24
--------------------------------------------------------
The members of LSREF Irish Holdings, Ltd. will hold their final
meeting, on September 24, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on August 10, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House
         Church Street, Hamilton
         Bermuda


MILLENNIUM INORGANIC: Creditors' Proofs of Debt Due on August 27
----------------------------------------------------------------
The creditors of Millennium Inorganic Chemicals JCM Ltd. are
required to file their proofs of debt by August 27, 2010, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on August 10, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House
         Church Street, Hamilton
         Bermuda


MILLENNIUM INORGANIC: Members' Final Meeting Set for September 17
-----------------------------------------------------------------
The members of Millennium Inorganic Chemicals JCM Ltd. will hold
their final meeting, on September 17, 2010, at 9:30 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company commenced wind-up proceedings on August 10, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House
         Church Street, Hamilton
         Bermuda


MILLENNIUM INORGANIC: Creditors' Proofs of Debt Due on August 27
----------------------------------------------------------------
The creditors of Millennium Inorganic Chemicals (Bermuda) Limited
are required to file their proofs of debt by August 27, 2010, to
be included in the company's dividend distribution.

The company commenced wind-up proceedings on August 10, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House
         Church Street, Hamilton
         Bermuda


MILLENNIUM INORGANIC: Members' Final Meeting Set for September 17
-----------------------------------------------------------------
The members of Millennium Inorganic Chemicals (Bermuda) Limited
will hold their final meeting, on September 17, 2010, at
9:30 a.m., to receive the liquidator's report on the company's
wind-up proceedings and property disposal.

The company commenced wind-up proceedings on August 10, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House
         Church Street, Hamilton
         Bermuda


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


ACTIV HOLDINGS: Creditors' Proofs of Debt Due on September 16
-------------------------------------------------------------
The creditors of Activ Holdings Co. are required to file their
proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on August 4, 2010.

The company's liquidator is:

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


AJAX RE: Creditors' Proofs of Debt Due on September 16
------------------------------------------------------
The creditors of Ajax Re Limited are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on July 21, 2010.

The company's liquidators are:

         Katherine Chiazza
         Damien Austin
         P.O. Box 1109, HSBC House 68 West Bay Road
         Grand Cayman, Cayman Islands
         Shaun Green
         Telephone: 914-7532
         Facsimile: 949-6021
         P.O. Box 1109, HSBC House
         68 West Bay Road, Grand Cayman
         Cayman Islands
         Telephone: 949-7755
         Facsimile: 949-6021


BALVENIE LIMITED: Creditors' Proofs of Debt Due on September 16
---------------------------------------------------------------
The creditors of Balvenie Limited are required to file their
proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 26, 2010.

The company's liquidator is:

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


CALUANA LIMITED: Creditors' Proofs of Debt Due on September 15
--------------------------------------------------------------
The creditors of Caluana Limited are required to file their proofs
of debt by September 15, 2010, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on July 29, 2010.

The company's liquidator is:

         Eagle Holdings Ltd.
         c/o Barclays Private Bank & Trust (Cayman) Limited
         FirstCaribbean House, 4th Floor
         P.O. Box 487, Grand Cayman KY1-1106
         Cayman Islands
         Telephone: 345 949-7128


DANA PETROLEUM: Creditors' Proofs of Debt Due on September 16
-------------------------------------------------------------
The creditors of Dana Petroleum (Holdings) Limited are required to
file their proofs of debt by September 16, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on August 2, 2010.

The company's liquidator is:

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


ESPEN NORDHUS: Creditors' Proofs of Debt Due on September 16
------------------------------------------------------------
The creditors of Espen Nordhus Trading Ltd. are required to file
their proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 31, 2010.

The company's liquidator is:

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


FIRST HOSPITAL: Creditors' Proofs of Debt Due on September 13
-------------------------------------------------------------
The creditors of The First Hospital Insurance Company, Ltd. are
required to file their proofs of debt by September 13, 2010, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on August 3, 2010.

The company's liquidators are:

         Katherine Chiazza
         Damien Austin
         P.O. Box 1109, HSBC House 68 West Bay Road
         Grand Cayman, Cayman Islands
         Shaun Green
         Telephone: 914-7532
         Facsimile: 949-6021
         P.O. Box 1109, HSBC House
         68 West Bay Road, Grand Cayman
         Cayman Islands
         Telephone: 949-7755
         Facsimile: 949-6021


GANYMEDE CAPITAL: Creditors' Proofs of Debt Due on September 16
---------------------------------------------------------------
The creditors of Ganymede Capital Company Limited are required to
file their proofs of debt by September 16, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on August 6, 2010.

The company's liquidator is:

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


HTMZ LIMITED: Creditors' Proofs of Debt Due on September 16
-----------------------------------------------------------
The creditors of HTMZ Limited are required to file their proofs of
debt by September 16, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on August 6, 2010.

The company's liquidator is:

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


LAKESIDE RE: Creditors' Proofs of Debt Due on September 16
----------------------------------------------------------
The creditors of Lakeside Re Ltd. are required to file their
proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 4, 2010.

The company's liquidators are:

         Anya Payne
         Katherine Chiazza
         P.O. Box 1109, HSBC House
         68 West Bay Road, Grand Cayman
         Cayman Islands; or
         Yohann Regnard
         Telephone: 919-7595
         Facsimile: 949-6021
         P.O. Box 1109, HSBC House
         68 West Bay Road, Grand Cayman
         Cayman Islands
         Telephone: 949-7755
         Facsimile: 949-6021


LCG SPV2: Creditors' Proofs of Debt Due on September 16
-------------------------------------------------------
The creditors of LCG SPV2, Ltd. are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on August 4, 2010.

The company's liquidator is:

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


MANGROVE RE: Creditors' Proofs of Debt Due on September 16
----------------------------------------------------------
The creditors of Mangrove Re Ltd are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on August 2, 2010.

The company's liquidators are:

         Katherine Chiazza
         Shaun Green
         P.O. Box 1109, HSBC House
         68 West Bay Road, Grand Cayman
         Cayman Islands
         Telephone: 914-7553/ 949-7755
         Facsimile: 949-6021/ 949-6021


MAX-MM: Creditors' Proofs of Debt Due on September 16
-----------------------------------------------------
The creditors of MAX-MM Limited are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on August 4, 2010.

The company's liquidator is:

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


MYSTIC RE: Creditors' Proofs of Debt Due on September 16
--------------------------------------------------------
The creditors of Mystic Re Ltd are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on August 2, 2010.

The company's liquidators are:

         Katherine Chiazza
         Shaun Green
         P.O. Box 1109, HSBC House
         68 West Bay Road, Grand Cayman
         Cayman Islands
         Telephone: 914-7553/ 949-7755
         Facsimile: 949-6021/ 949-6021


PARAMETRIC RE: Creditors' Proofs of Debt Due on September 16
------------------------------------------------------------
The creditors of Parametric Re, Ltd. are required to file their
proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 4, 2010.

The company's liquidators are:

         Anya Payne
         Katherine Chiazza
         P.O. Box 1109, HSBC House
         68 West Bay Road, Grand Cayman
         Cayman Islands; or
         Yohann Regnard
         Telephone: 919-7595
         Facsimile: 949-6021
         P.O. Box 1109, HSBC House
         68 West Bay Road, Grand Cayman
         Cayman Islands
         Telephone: 949-7755
         Facsimile: 949-6021


PRIME FINANCE: Creditors' Proofs of Debt Due on September 16
------------------------------------------------------------
The creditors of Prime Finance are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on August 6, 2010.

The company's liquidator is:

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


SOUTH COAST: Creditors' Proofs of Debt Due on September 16
----------------------------------------------------------
The creditors of South Coast Funding IX Ltd are required to file
their proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

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


SUMITOMO FINANCE: Creditors' Proofs of Debt Due on September 16
---------------------------------------------------------------
The creditors of Sumitomo Finance (Asia) Limited are required to
file their proofs of debt by September 16, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on July 29, 2010.

The company's liquidator is:

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


VASCO RE: Creditors' Proofs of Debt Due on September 16
-------------------------------------------------------
The creditors of Vasco Re 2006 Ltd. are required to file their
proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 4, 2010.

The company's liquidators are:

         Anya Payne
         Katherine Chiazza
         P.O. Box 1109, HSBC House
         68 West Bay Road, Grand Cayman
         Cayman Islands; or
         Yohann Regnard
         Telephone: 919-7595
         Facsimile: 949-6021
         P.O. Box 1109, HSBC House
         68 West Bay Road, Grand Cayman
         Cayman Islands
         Telephone: 949-7755
         Facsimile: 949-6021


ZURICH PREMIER: Creditors' Proofs of Debt Due on September 16
-------------------------------------------------------------
The creditors of Zurich Premier Series Ltd. are required to file
their proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on July 23, 2010.

The company's liquidator is:

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


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


DIGICEL GROUP: Invests JM$2 Billion in Internet Service
-------------------------------------------------------
Digicel Group aims to gain a bigger share of the Internet market
with the launch of its 4G wireless broadband Internet service,
RadioJamaica reports.  The report relates that the company
invested JM$2 billion with the launch.

According to the report, the launch comes in the midst of a
recession in which most consumers are cutting back on spending,
but Digicel said it believes its new service will actually help
the economy.

                        About Digicel Group

Digicel Group -- http://www.digicelgroup.com-- is renowned for
competitive rates, unbeatable coverage, superior customer care, a
wide variety of products and services and state-of-the-art
handsets.  By offering innovative wireless services and community
support, Digicel has become a leading brand across its 31 markets
worldwide.

Digicel is incorporated in Bermuda and now has operations in 31
markets worldwide. Its Caribbean and Central American markets
comprise Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda,
Bonaire, the British Virgin Islands, the Cayman Islands, Curacao,
Dominica, El Salvador, French Guiana, Grenada, Guadeloupe, Guyana,
Haiti, Honduras, Jamaica, Martinique, Panama, St Kitts & Nevis,
St. Lucia, St. Vincent & the Grenadines, Suriname, Trinidad &
Tobago and Turks & Caicos. The Caribbean company also has coverage
in St. Martin and St. Barths. Digicel Pacific comprises Fiji,
Papua New Guinea, Samoa, Tonga and Vanuatu.

                          *     *     *

As of January 14, 2010, the company continues to carry Moody's
"Caa1" senior unsecured debt rating.


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


CARIBBEAN PETROLEUM: Wants to Sell Substantially All of Assets
--------------------------------------------------------------
Caribbean Petroleum Corp. and its units ask for authorization from
the U.S. Bankruptcy Court for the District of Delaware to
implement a sale process for substantially all of their assets.

The Debtors ask for the Court's approval to enter into a stalking
horse agreement by November 10, 2010, with one or more bidders for
the purpose of establishing a minimum acceptable bid for the
assets.  The Debtors propose to provide any Stalking Horse
Bidder(s) with a breakup fee of up to 2% of the guaranteed cash
purchase price proposed in the Stalking Horse Bid, and reimburse
any Stalking Horse Bidder(s) for all reasonable and actual costs
and expenses up to US$300,000 incurred by the Stalking Horse
Bidder(s) in connection with its bid.

The Debtors propose that the deadline for the submission of bids
be set for December 10, 2010; that the auction be held on
December 13, 2010; that the date of the hearing to consider
approval of the proposed sale of the assets be January 10, 20100;
and that a deadline to consummate the sale of the assets be
February 8, 2011.

Bids must provide for a good faith deposit to be submitted to the
Debtors by the Bid Deadline in an amount equal to at least 5% of
the proposed purchase price.  Qualified bidders may submit bids
that are better and higher than the starting auction bid in an
initial increment amount equal to the amount of the Stalking Horse
protections plus US$250,000 and subsequent increments of at least
US$100,000.

A prepetition secured lender may submit a credit bid for some or
all of the assets.

If the successful bidder(s) fails to timely consummate the
purchase of the assets, or any part thereof, the next highest or
otherwise best qualified bid may be designated by the Debtors, in
consultation with the prepetition secured lender, as the
successful bid, and the Debtors will be authorized, but not
required, to consummate the sale of the assets to the qualified
bidder that submitted the back-up bid.

A copy of the proposed Bidding Procedures is available for free at
http://bankrupt.com/misc/CARIBBEAN_PETROLEUM_biddingprocedures.pdf

                     About Caribbean Petroleum

San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.

Cribbean Petroleum filed for Chapter 11 protection (Bankr. D. Del.
Case No. 10-12553) on August 12, 2010, nearly 10 months after a
massive explosion at its major Puerto Rican fuel storage depot
virtually shut down the company's operations.  The Debtor
estimated its assets at US$100 million to US$500 million and its
debts at US$500 million to US$1 billion as of the Petition Date.

Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.

Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., serves
as counsel to the Debtors.  The Debtors' co-counsel is Cadwalader,
Wickersham & Taft LLP.  The Debtors' financial advisor is FTI
Consulting Inc.  The Debtors' chief restructuring officer is Kevin
Lavin of FTI Consulting Inc.


CARIBBEAN PETROLEUM: Section 341(a) Meeting Scheduled for Sept. 16
------------------------------------------------------------------
The U.S. Trustee for Region 3 will convene a meeting of Caribbean
Petroleum Corp., et al.'s creditors on September 16, 2010, at
10:00 a.m.  The meeting will be held at J. Caleb Boggs Federal
Building, 2nd Floor, Room 2112, Wilmington, Delaware 19801.

This is the first meeting of creditors required under Section
341(a) of the U.S. Bankruptcy Code in all bankruptcy cases.

All creditors are invited, but not required, to attend.  This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.

                     About Caribbean Petroleum

San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.

Cribbean Petroleum filed for Chapter 11 protection (Bankr. D. Del.
Case No. 10-12553) on August 12, 2010, nearly 10 months after a
massive explosion at its major Puerto Rican fuel storage depot
virtually shut down the company's operations.  The Debtor
estimated its assets at US$100 million to US$500 million and its
debts at US$500 million to US$1 billion as of the Petition Date.

Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.

Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., serves
as counsel to the Debtors.  The Debtors' co-counsel is Cadwalader,
Wickersham & Taft LLP.  The Debtors' financial advisor is FTI
Consulting Inc.  The Debtors' chief restructuring officer is Kevin
Lavin of FTI Consulting Inc.


CARIBBEAN PETROLEUM: Wants Filing of Schedules Extended to 60 Days
------------------------------------------------------------------
Caribbean Petroleum Corp. and its units ask the U.S. Bankruptcy
Court for the District of Delaware to extend the deadline to file
the schedules of assets and liabilities to 60 days after the
Petition Date.

The Debtors say that given the amount of work entailed in
completing the schedules, and the competing demands upon the
Debtors' limited staff to address numerous critical operational
matters during the initial postpetition period, they won't be able
to properly and accurately complete the schedules within the
required 30-day period.

                     About Caribbean Petroleum

San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.

Cribbean Petroleum filed for Chapter 11 protection (Bankr. D. Del.
Case No. 10-12553) on August 12, 2010, nearly 10 months after a
massive explosion at its major Puerto Rican fuel storage depot
virtually shut down the company's operations.  The Debtor
estimated its assets at US$100 million to US$500 million and its
debts at US$500 million to US$1 billion as of the Petition Date.

Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.

Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., serves
as counsel to the Debtors.  The Debtors' co-counsel is Cadwalader,
Wickersham & Taft LLP.  The Debtors' financial advisor is FTI
Consulting Inc.  The Debtors' chief restructuring officer is Kevin
Lavin of FTI Consulting Inc.


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


HELM BANK: Venezuela Shuts Down Bank for Connections to Banco Real
------------------------------------------------------------------
The Venezuela government took control of Helm Bank de Venezuela SA
and suspended its operations, Charlie Devereux at Bloomberg News
reports, citing a resolution published in the Official Gazette.

According to the report, the Superintendent of Banks & Other
Financial Institutions (Sudeban), cited the "deterioration" of
Helm's finances and its links to Banco Real Banco de Desarrollo,
another bank shut down by the government last year.  The report
relates Sudeban said that Helm Bank's sole investor was Banco Real
Banco de Desarrollo.

                            About Helm Bank

Helm Bank SA is a full service commercial bank.  The Bank offers a
wide range of personal and commercial banking services.


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


* Large Companies With Insolvent Balance Sheets
-----------------------------------------------

                                                     Total
                                      Total    Shareholders
                                      Assets         Equity
Company               Ticker         (US$MM)        (US$MM)
-------               ------        ------------     -------


ARGENTINA

IMPSAT FIBER-$US       IMPTD AR         535007008      -17165000
IMPSAT FIBER-CED       IMPT AR          535007008      -17165000
IMPSAT FIBER NET       IMPTQ US         535007008      -17165000
IMPSAT FIBER NET       330902Q GR       535007008      -17165000
IMPSAT FIBER-BLK       IMPTB AR         535007008      -17165000
IMPSAT FIBER-C/E       IMPTC AR         535007008      -17165000
IMPSAT FIBER NET       XIMPT SM         535007008      -17165000
AUTOPISTAS SOL         APDSF US         358937631    -3636037.41
AUTOPISTAS SOL         AUSO AR          358937631    -3636037.41
SOC COMERCIAL PL       CVVIF US         135360486     -251112324
SOC COMERCIAL PL       COME AR          135360486     -251112324
COMERCIAL PLA-BL       COMEB AR         135360486     -251112324
COMERCIAL PL-C/E       COMEC AR         135360486     -251112324
SOC COMERCIAL PL       SCDPF US         135360486     -251112324
COMERCIAL PLAT-$       COMED AR         135360486     -251112324
SOC COMERCIAL PL       CADN SW          135360486     -251112324
SOC COMERCIAL PL       CAD IX           135360486     -251112324
SOC COMERCIAL PL       CADN EO          135360486     -251112324
COMERCIAL PL-ADR       SCPDS LI         135360486     -251112324
SNIAFA SA              SNIA AR           11229696    -2670544.88
SNIAFA SA-B            SNIA5 AR          11229696    -2670544.88
SNIAFA SA-B            SDAGF US          11229696    -2670544.88


BRAZIL

FER C ATLANT           VSPT3 BZ         1.185E+09    -50468104.7
FER C ATLANT-PRF       VSPT4 BZ         1.185E+09    -50468104.7
FER C ATL-RCT CM       VSPT9 BZ         1.185E+09    -50468104.7
FERROVIA CEN-DVD       VSPT11 BZ        1.185E+09    -50468104.7
FERROVIA CEN-DVD       VSPT12 BZ        1.185E+09    -50468104.7
FER C ATL-RCT PF       VSPT10 BZ        1.185E+09    -50468104.7
VARIG SA               VAGV3 BZ         966298026    -4695211316
VARIG SA               VARGON BZ        966298026    -4695211316
VARIG SA-PREF          VAGV4 BZ         966298026    -4695211316
VARIG SA-PREF          VARGPN BZ        966298026    -4695211316
LAEP INVESTMENTS       LEAP LX          446499199    -70952298.9
LAEP-BDR               MILK11 BZ        446499199    -70952298.9
PARMALAT BR-RT P       LCSA6 BZ         388720052     -213641144
PARMALAT               LCSA3 BZ         388720052     -213641144
PARMALAT-PREF          LCSA4 BZ         388720052     -213641144
PARMALAT BRAS-PF       LCSAPN BZ        388720052     -213641144
PARMALAT BR-RT C       LCSA5 BZ         388720052     -213641144
PARMALAT BRASIL        LCSAON BZ        388720052     -213641144
CIA PETROLIFERA        MRLM3B BZ        377602195    -3014291.72
CIA PETROLIF-PRF       MRLM4 BZ         377602195    -3014291.72
CIA PETROLIF-PRF       1CPMPN BZ        377602195    -3014291.72
CIA PETROLIFERA        1CPMON BZ        377602195    -3014291.72
CIA PETROLIF-PRF       MRLM4B BZ        377602195    -3014291.72
CIA PETROLIFERA        MRLM3 BZ         377602195    -3014291.72
DOCAS SA-PREF          DOCAPN BZ        319046939     -119089653
DOCAS SA-RTS PRF       DOCA2 BZ         319046939     -119089653
DOCAS SA               DOCAON BZ        319046939     -119089653
DOCA INVESTI-PFD       DOCA4 BZ         319046939     -119089653
DOCA INVESTIMENT       DOCA3 BZ         319046939     -119089653
BOMBRIL-RIGHTS         BOBR1 BZ         292257859     -115839632
BOMBRIL                BMBBF US         292257859     -115839632
BOMBRIL SA-ADR         BMBPY US         292257859     -115839632
BOMBRIL CIRIO SA       BOBRON BZ        292257859     -115839632
BOMBRIL-RGTS PRE       BOBR2 BZ         292257859     -115839632
BOMBRIL CIRIO-PF       BOBRPN BZ        292257859     -115839632
BOMBRIL SA-ADR         BMBBY US         292257859     -115839632
BOMBRIL-PREF           BOBR4 BZ         292257859     -115839632
BOMBRIL                BOBR3 BZ         292257859     -115839632
TELEBRAS-ADR           TBASY US         244857050    -14105541.5
TELEBRAS-RTS CMN       RCTB1 BZ         244857050    -14105541.5
TELEBRAS-ADR           TBH US           244857050    -14105541.5
TELEBRAS-ADR           TBX GR           244857050    -14105541.5
TELEBRAS-CEDE PF       RCTB4 AR         244857050    -14105541.5
TELEBRAS-CEDEA $       TEL4D AR         244857050    -14105541.5
TELEBRAS-ADR           TBAPY US         244857050    -14105541.5
TELEBRAS-RTS CMN       TCLP1 BZ         244857050    -14105541.5
TELEBRAS-RECEIPT       TLBRUO BZ        244857050    -14105541.5
TELEBRAS-ADR           RTB US           244857050    -14105541.5
TELEBRAS-RTS PRF       RCTB2 BZ         244857050    -14105541.5
TELEBRAS SA            TLBRON BZ        244857050    -14105541.5
TELEBRAS-CM RCPT       RCTB30 BZ        244857050    -14105541.5
TELEBRAS-PF RCPT       RCTB41 BZ        244857050    -14105541.5
TELEBRAS-PF BLCK       TELB40 BZ        244857050    -14105541.5
TELEBRAS-PF RCPT       CBRZF US         244857050    -14105541.5
TELEBRAS SA-PREF       TELB4 BZ         244857050    -14105541.5
TELEBRAS-CEDEA $       RCT4D AR         244857050    -14105541.5
TELEBRAS-CM RCPT       TELE31 BZ        244857050    -14105541.5
TELEBRAS-PF RCPT       TBAPF US         244857050    -14105541.5
TELEBRAS SA            TELB3 BZ         244857050    -14105541.5
TELEBRAS SA-PREF       TLBRPN BZ        244857050    -14105541.5
TELEBRAS-PF RCPT       TLBRUP BZ        244857050    -14105541.5
TELEBRAS-CM RCPT       TBRTF US         244857050    -14105541.5
TELEBRAS-CM RCPT       RCTB31 BZ        244857050    -14105541.5
TELEBRAS-RCT PRF       TELB10 BZ        244857050    -14105541.5
TELEBRAS-CED C/E       TEL4C AR         244857050    -14105541.5
TELEBRAS-PF RCPT       RCTB40 BZ        244857050    -14105541.5
TELEBRAS-CEDE PF       TELB4 AR         244857050    -14105541.5
TELEBRAS-CEDE BL       RCT4B AR         244857050    -14105541.5
TELEBRAS-CED C/E       RCT4C AR         244857050    -14105541.5
TELEBRAS/W-I-ADR       TBH-W US         244857050    -14105541.5
TELECOMUNICA-ADR       81370Z BZ        244857050    -14105541.5
TELEBRAS-BLOCK         TELB30 BZ        244857050    -14105541.5
TELEBRAS-RCT           RCTB33 BZ        244857050    -14105541.5
TELEBRAS-ADR           TBRAY GR         244857050    -14105541.5
TELEBRAS-PF RCPT       RCTB42 BZ        244857050    -14105541.5
TELEBRAS SA-RT         TELB9 BZ         244857050    -14105541.5
TELEBRAS-PF RCPT       TELE41 BZ        244857050    -14105541.5
TELEBRAS-RTS PRF       TLCP2 BZ         244857050    -14105541.5
TELEBRAS-COM RT        TELB1 BZ         244857050    -14105541.5
TELEBRAS-CM RCPT       RCTB32 BZ        244857050    -14105541.5
TELEBRAS SA            TBASF US         244857050    -14105541.5
HOTEIS OTHON-PRF       HOTHPN BZ        238707299    -35774972.9
HOTEIS OTHON SA        HOOT3 BZ         238707299    -35774972.9
HOTEIS OTHON-PRF       HOOT4 BZ         238707299    -35774972.9
HOTEIS OTHON SA        HOTHON BZ        238707299    -35774972.9
TEKA                   TEKA3 BZ         237346006     -337859942
TEKA-PREF              TEKA4 BZ         237346006     -337859942
TEKA-PREF              TKTPF US         237346006     -337859942
TEKA-ADR               TKTPY US         237346006     -337859942
TEKA-ADR               TEKAY US         237346006     -337859942
TEKA                   TKTQF US         237346006     -337859942
TEKA                   TEKAON BZ        237346006     -337859942
TEKA-ADR               TKTQY US         237346006     -337859942
TEKA-PREF              TEKAPN BZ        237346006     -337859942
BALADARE               BLDR3 BZ         159454016    -52992212.8
SANSUY SA-PREF A       SNSYAN BZ        147187163    -86606310.8
SANSUY                 SNSY3 BZ         147187163    -86606310.8
SANSUY SA-PREF B       SNSYBN BZ        147187163    -86606310.8
SANSUY-PREF B          SNSY6 BZ         147187163    -86606310.8
SANSUY SA              SNSYON BZ        147187163    -86606310.8
SANSUY-PREF A          SNSY5 BZ         147187163    -86606310.8
GRADIENTE EL-PRB       IGBBN BZ         145256033     -273857292
GRADIENTE EL-PRA       IGBAN BZ         145256033     -273857292
GRADIENTE-PREF B       IGBR6 BZ         145256033     -273857292
GRADIENTE-PREF A       IGBR5 BZ         145256033     -273857292
GRADIENTE EL-PRC       IGBCN BZ         145256033     -273857292
GRADIENTE-PREF C       IGBR7 BZ         145256033     -273857292
GRADIENTE ELETR        IGBON BZ         145256033     -273857292
IGB ELETRONICA         IGBR3 BZ         145256033     -273857292
D H B                  DHBI3 BZ         133817651     -443044246
D H B-PREF             DHBI4 BZ         133817651     -443044246
DHB IND E COM          DHBON BZ         133817651     -443044246
DHB IND E COM-PR       DHBPN BZ         133817651     -443044246
PET MANG-RT            RPMG1 BZ         111979912     -134952358
PET MANG-RECEIPT       RPMG10 BZ        111979912     -134952358
PET MANG-RIGHTS        3678565Q BZ      111979912     -134952358
PETRO MANGUINHOS       MANGON BZ        111979912     -134952358
PET MANG-RIGHTS        3678569Q BZ      111979912     -134952358
PET MANG-RT            RPMG2 BZ         111979912     -134952358
PETRO MANGUIN-PF       MANGPN BZ        111979912     -134952358
PET MANGUINH-PRF       RPMG4 BZ         111979912     -134952358
PETRO MANGUINHOS       RPMG3 BZ         111979912     -134952358
PET MANG-RECEIPT       RPMG9 BZ         111979912     -134952358
VARIG PART EM-PR       VPSC4 BZ          96617351     -460274609
VARIG PART EM SE       VPSC3 BZ          96617351     -460274609
RIMET                  REEMON BZ         94618909     -152507221
RIMET-PREF             REEMPN BZ         94618909     -152507221
RIMET                  REEM3 BZ          94618909     -152507221
RIMET-PREF             REEM4 BZ          94618909     -152507221
DOC IMBITUB-PREF       IMBI4 BZ          94039192    -39398915.1
DOC IMBITUBA-RTP       IMBI2 BZ          94039192    -39398915.1
DOCAS IMBITUB-PR       IMBIPN BZ         94039192    -39398915.1
DOCAS IMBITUBA         IMBION BZ         94039192    -39398915.1
DOC IMBITUBA-RTC       IMBI1 BZ          94039192    -39398915.1
DOC IMBITUBA           IMBI3 BZ          94039192    -39398915.1
WETZEL SA-PREF         MWELPN BZ         84310496    -7570637.42
WETZEL SA              MWET3 BZ          84310496    -7570637.42
WETZEL SA              MWELON BZ         84310496    -7570637.42
WETZEL SA-PREF         MWET4 BZ          84310496    -7570637.42
ACO ALTONA             EALT3 BZ          80346370    -11622480.4
ACO ALTONA SA          EAAON BZ          80346370    -11622480.4
ACO ALTONA-PREF        EAAPN BZ          80346370    -11622480.4
ACO ALTONA-PREF        EALT4 BZ          80346370    -11622480.4
ESTRELA SA             ESTR3 BZ          76255458    -69760619.7
ESTRELA SA-PREF        ESTRPN BZ         76255458    -69760619.7
ESTRELA SA             ESTRON BZ         76255458    -69760619.7
ESTRELA SA-PREF        ESTR4 BZ          76255458    -69760619.7
RIOSULENSE SA-PR       RSUL4 BZ          68368524    -9647727.04
RIOSULENSE SA-PR       RSULPN BZ         68368524    -9647727.04
RIOSULENSE SA          RSUL3 BZ          68368524    -9647727.04
RIOSULENSE SA          RSULON BZ         68368524    -9647727.04
TEXTEIS RENA-RCT       TXRX10 BZ         63634626    -91597740.4
TEXTEIS RENAUX         RENXPN BZ         63634626    -91597740.4
TEXTEIS RENA-RCT       TXRX9 BZ          63634626    -91597740.4
TEXTEIS RENAUX         RENXON BZ         63634626    -91597740.4
TEXTEIS RENAU-RT       TXRX2 BZ          63634626    -91597740.4
TEXTEIS RENAU-RT       TXRX1 BZ          63634626    -91597740.4
RENAUXVIEW SA-PF       TXRX4 BZ          63634626    -91597740.4
RENAUXVIEW SA          TXRX3 BZ          63634626    -91597740.4
MINUPAR-PREF           MNPR4 BZ          63223032    -58260845.7
MINUPAR SA             MNPRON BZ         63223032    -58260845.7
MINUPAR                MNPR3 BZ          63223032    -58260845.7
MINUPAR SA-PREF        MNPRPN BZ         63223032    -58260845.7
FABRICA RENAUX-P       FRNXPN BZ         63036915      -59781833
FABRICA RENAUX         FRNXON BZ         63036915      -59781833
FABRICA RENAUX-P       FTRX4 BZ          63036915      -59781833
FABRICA TECID-RT       FTRX1 BZ          63036915      -59781833
FABRICA RENAUX         FTRX3 BZ          63036915      -59781833
VARIG PART EM TR       VPTA3 BZ          49432124     -399290426
VARIG PART EM-PR       VPTA4 BZ          49432124     -399290426
WIEST SA-PREF          WISAPN BZ         39838114    -93371563.1
WIEST                  WISA3 BZ          39838114    -93371563.1
WIEST-PREF             WISA4 BZ          39838114    -93371563.1
WIEST SA               WISAON BZ         39838114    -93371563.1
CIMOB PARTIC SA        GAFON BZ          36817395    -33083086.5
CIMOB PART-PREF        GAFP4 BZ          36817395    -33083086.5
CIMOB PART-PREF        GAFPN BZ          36817395    -33083086.5
CIMOB PARTIC SA        GAFP3 BZ          36817395    -33083086.5
BOTUCATU-PREF          STRP4 BZ          35101567    -13482713.5
BOTUCATU TEXTIL        STRP3 BZ          35101567    -13482713.5
STAROUP SA             STARON BZ         35101567    -13482713.5
STAROUP SA-PREF        STARPN BZ         35101567    -13482713.5
SANESALTO              SNST3 BZ          31044051    -1843297.83
STEEL DO BRASIL        STLB3 BZ          24189041    -2271641.06
CHIARELLI SA           CCHI3 BZ          22274027    -44537138.2
CHIARELLI SA-PRF       CCHPN BZ          22274027    -44537138.2
CHIARELLI SA-PRF       CCHI4 BZ          22274027    -44537138.2
CHIARELLI SA           CCHON BZ          22274027    -44537138.2
NOVA AMERICA-PRF       NOVAPN BZ         21287489     -183535527
NOVA AMERICA-PRF       1NOVPN BZ         21287489     -183535527
NOVA AMERICA SA        NOVAON BZ         21287489     -183535527
NOVA AMERICA SA        NOVA3B BZ         21287489     -183535527
NOVA AMERICA SA        NOVA3 BZ          21287489     -183535527
NOVA AMERICA SA        1NOVON BZ         21287489     -183535527
NOVA AMERICA-PRF       NOVA4 BZ          21287489     -183535527
NOVA AMERICA-PRF       NOVA4B BZ         21287489     -183535527
CAF BRASILIA           CAFE3 BZ          18540302     -790303366
CAF BRASILIA-PRF       CAFE4 BZ          18540302     -790303366
CAFE BRASILIA SA       CSBRON BZ         18540302     -790303366
CAFE BRASILIA-PR       CSBRPN BZ         18540302     -790303366
TECEL S JOSE-PRF       SJOS4 BZ          17924946    -18569451.2
TECEL S JOSE-PRF       FTSJPN BZ         17924946    -18569451.2
TECEL S JOSE           SJOS3 BZ          17924946    -18569451.2
TECEL S JOSE           FTSJON BZ         17924946    -18569451.2
FERRAGENS HAGA-P       HAGAPN BZ         17657785    -62285757.3
FERRAGENS HAGA         HAGAON BZ         17657785    -62285757.3
HAGA                   HAGA3 BZ          17657785    -62285757.3
FER HAGA-PREF          HAGA4 BZ          17657785    -62285757.3
NORDON MET             NORD3 BZ          15427479    -20563974.4
NORDON MET-RTS         NORD1 BZ          15427479    -20563974.4
NORDON METAL           NORDON BZ         15427479    -20563974.4
SCHLOSSER-PREF         SCLO4 BZ          13140656    -56631899.1
SCHLOSSER              SCLO3 BZ          13140656    -56631899.1
SCHLOSSER SA           SCHON BZ          13140656    -56631899.1
SCHLOSSER SA-PRF       SCHPN BZ          13140656    -56631899.1
PROMAN                 PRMN3 BZ          13088926    -87154.5455
PROMAN                 PRMN3B BZ         13088926    -87154.5455
GAZOLA SA-DVD CM       GAZO11 BZ         12452143    -40298506.3
GAZOLA-PREF            GAZO4 BZ          12452143    -40298506.3
GAZOLA SA              GAZON BZ          12452143    -40298506.3
GAZOLA SA-DVD PF       GAZO12 BZ         12452143    -40298506.3
GAZOLA-RCPTS CMN       GAZO9 BZ          12452143    -40298506.3
GAZOLA SA-PREF         GAZPN BZ          12452143    -40298506.3
GAZOLA-RCPT PREF       GAZO10 BZ         12452143    -40298506.3
GAZOLA                 GAZO3 BZ          12452143    -40298506.3
ARTHUR LAN-DVD C       ARLA11 BZ         11642256    -17154461.9
ARTHUR LANGE SA        ALICON BZ         11642256    -17154461.9
ARTHUR LAN-DVD P       ARLA12 BZ         11642256    -17154461.9
ARTHUR LANGE-PRF       ARLA4 BZ          11642256    -17154461.9
ARTHUR LANG-RT P       ARLA2 BZ          11642256    -17154461.9
ARTHUR LANG-RC P       ARLA10 BZ         11642256    -17154461.9
ARTHUR LANG-RT C       ARLA1 BZ          11642256    -17154461.9
ARTHUR LANG-RC C       ARLA9 BZ          11642256    -17154461.9
ARTHUR LANGE-PRF       ALICPN BZ         11642256    -17154461.9
ARTHUR LANGE           ARLA3 BZ          11642256    -17154461.9
HERCULES               HETA3 BZ          10710103     -164239944
HERCULES-PREF          HETA4 BZ          10710103     -164239944
HERCULES SA-PREF       HERTPN BZ         10710103     -164239944
HERCULES SA            HERTON BZ         10710103     -164239944


CHILE

CHILESAT CORP SA       TELEX CI         649980376    -82003656.5
CHILESAT CO-ADR        TL US            649980376    -82003656.5
CHILESAT CO-RTS        CHISATOS CI      649980376    -82003656.5
TELMEX CORP SA         CHILESAT CI      649980376    -82003656.5
TELMEX CORP-ADR        CSAOY US         649980376    -82003656.5
TELEX-A                TELEXA CI        649980376    -82003656.5
TELEX-RTS              TELEXO CI        649980376    -82003656.5
INVERMAR-RT            INVEROSA CI      200945008    -2078000.13
INVERMAR               INVERMAR CI      200945008    -2078000.13


                            ***********

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 2010.  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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