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

           Tuesday, September 14, 2010, Vol. 11, No. 181

                            Headlines



A R G E N T I N A

AUTOSERVICIO ANALI: Creditors' Proofs of Debt Due on November 8
COOPERATIVA DE: Creditors' Proofs of Debt Due on November 5
ECOLE SRL: Creditors' Proofs of Debt Due on October 12
PAMPA FUTBOL: Creditors' Proofs of Debt Due on October 15
PAPEL 2.0.: Creditors' Proofs of Debt Due on October 4

PAPER RUSH: Creditors' Proofs of Debt Due on October 10
SAVE SERVICIOS: Creditors' Proofs of Debt Due on October 12
VOLF SA: Creditors' Proofs of Debt Due on November 16
* ARGENTINA: S&P Affirms B- LT Rating on Neuqu-n's $250MM Notes


B R A Z I L

COSAN SA: S&P Says BB Credit Ratings Remain on CreditWatch
M-WISE TECNOLOGIA: Parent Posts US$230,200 Loss for Q2
MOLECULAR INSIGHT: Gets Sept. 17 Extension of Waiver Agreement


D O M I N I C A N  R E P U B L I C

* DOMINICAN REPUBLIC: Massive Deficit Forces US$500MM Bond Issue


M E X I C O

GRUPO KUO: Standard & Poor's Affirms BB- LT Corp. Credit Rating
VITRO SAB: May Have Majority Support for Debt Plan
VITRO SAB: Settles With All Derivative Counterparties
VITRO SAB: To Deregister American Depository Shares


P U E R T O  R I C O

CARIBBEAN PETROLEUM: Taps Kurtzman Carson as Claims Agent


T R I N I D A D  &  T O B A G O

CL FIN'L: Unit Accepts Weatherhead Bid for CLICO General Insurance
CL FIN'L: Court Orders CLICO Guyana Liquidation
HINDU CREDIT UNION: Group Thanks Government for Possible Bailout


V E N E Z U E L A

ECONOINVEST CASA DE BOLSA: Irregularities Made Firm Inviable


X X X X X X X X

* Large Companies With Insolvent Balance Sheets




                         - - - - -


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


AUTOSERVICIO ANALI: Creditors' Proofs of Debt Due on November 8
---------------------------------------------------------------
Andres Angel Landro, the court-appointed trustee for Autoservicio
Anali SA's bankruptcy proceedings, will be verifying creditors'
proofs of claim until November 8, 2010.

Mr. Landro will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 8 in Buenos Aires, with the assistance of Clerk
No. 16, 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:

         Andres Angel Landro
         Espinosa 1474
         Argentina


COOPERATIVA DE: Creditors' Proofs of Debt Due on November 5
-----------------------------------------------------------
Silvia Isabel Gonzalez Meana, the court-appointed trustee for
Cooperativa de Trabajo Solucionar Ltda's reorganization
proceedings, will be verifying creditors' proofs of claim until
November 5, 2010.

The trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 4 in Buenos Aires, with the assistance of Clerk
No. 7, 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:

         Isabel Gonzalez Meana
         Condarco 2629
         Argentina


ECOLE SRL: Creditors' Proofs of Debt Due on October 12
------------------------------------------------------
Bernardo Mazer, the court-appointed trustee for Ecole SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until October 12, 2010.

Mr. Mazer 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:

         Bernardo Mazer
         avenida Corrientes 4434
         Argentina


PAMPA FUTBOL: Creditors' Proofs of Debt Due on October 15
---------------------------------------------------------
Mario Jasatzky, the court-appointed trustee for Pampa Futbol SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until October 15, 2010.

Mr. Jasatzky will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 17 in Buenos Aires, with the assistance of Clerk
No. 33, 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:

         Mario Jasatzky
         Cerrito 228
         Argentina


PAPEL 2.0.: Creditors' Proofs of Debt Due on October 4
------------------------------------------------------
Estudio Alvarez, Villani y Asoc., the court-appointed trustee for
Papel 2.0. SA's reorganization proceedings, will be verifying
creditors' proofs of claim until October 4, 2010.

The trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 5 in Buenos Aires, with the assistance of Clerk
No. 9, 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:

         Estudio Alvarez, Villani y Asoc.
         Adolfo Alsina 1441
         Argentina


PAPER RUSH: Creditors' Proofs of Debt Due on October 10
-------------------------------------------------------
Miguel Angel Kupchik, the court-appointed trustee for Paper Rush
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until October 10, 2010.

Mr. Kupchik will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 9 in Buenos Aires, with the assistance of Clerk
No. 17, 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:

         Miguel Angel Kupchik
         San Luis 3067
         Argentina


SAVE SERVICIOS: Creditors' Proofs of Debt Due on October 12
-----------------------------------------------------------
Hugo Mancusi, the court-appointed trustee for Save Servicios SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until October 12, 2010.

Mr. Mancusi 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.

The Trustee can be reached at:

         Hugo Mancusi
         Av. Corrientes 3169
         Argentina


VOLF SA: Creditors' Proofs of Debt Due on November 16
-----------------------------------------------------
Estudio Adriana Gonzalez, Carlos Rudi y Asoc., the court-appointed
trustee for Volf SA's reorganization proceedings, will be
verifying creditors' proofs of claim until November 16, 2010.

The trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 4 in Buenos Aires, with the assistance of Clerk
No. 71, 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:

         Estudio Adriana Gonzalez
         Carlos Rudi y Asoc.
         Muniz 293
         Argentina


* ARGENTINA: S&P Affirms B- LT Rating on Neuqu-n's $250MM Notes
---------------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B- (sf)' long-
term rating and 'raA+ (sf)' Argentine national scale rating on
Province of Neuqu-n's (the Province's) US$250 million secured
amortizing notes due 2014, and removed the ratings from
CreditWatch with negative implications, where they were placed
Nov. 30, 2009.

The amortizing notes are secured by certain oil royalties paid to
the Province by three oil and gas producers from three
predetermined geographic areas.  The areas assigned to the
transaction are the most important in terms of the Province's oil
production: El Trapial (operated by Chevron), Puesto Hern?ndez
(operated by Petrobras), and Entre Lomas (operated by Petrolera
Entre Lomas ? Petrobras Group).

The rating actions follow the Province's decision to issue new
debt instead of undertaking a voluntary debt exchange of the
secured amortizing notes as was previously announced on Nov. 26,
2009.  The Province may issue up to US$200 million of new debt
that is backed by oil and gas royalties (as allowed under the
Province's Law 2684).

S&P's ratings on the secured amortizing notes address its
expectations of the investors' ability to receive quarterly
interest and principal payments.  As of April 2010, the notes'
outstanding balance was US$157.5 million, and the underlying
assets' performance has been adequate with a production ratio of
1.61x as of June 2010.

S&P will continue to surveil the ratings on the outstanding notes,
and S&P will revise them as necessary to reflect any impact the
new debt issuance may have on the outstanding notes' performance
and credit quality.

Ratings affirmed and removed from creditwatch negative
Province of Neuqu?n

US$250 million secured amortizing notes due 2014
                                     Rating
                               To              From
Long-term rating               B- (sf)         B- (sf)/WatchNeg
Argentine national rating      raA+ (sf)       raA+ (sf)/WatchNeg


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


COSAN SA: S&P Says BB Credit Ratings Remain on CreditWatch
----------------------------------------------------------
Standard & Poor's Ratings Services said that its 'BB-' corporate
credit ratings on both Cosan S.A. Industria e Comercio (Cosan) and
Cosan Ltd. remain on CreditWatch Positive, where they were placed
Feb. 1, 2010.

Cosan and Shell International Petroleum Co. Ltd., a subsidiary of
Royal Dutch Shell PLC (Shell; AA/Stable/A-1+), announced on
Aug. 25, 2010, that they entered into a binding agreement to
create a joint venture (JV) combining their Brazilian ethanol and
sugar and fuel distribution assets.  The deal is still pending
regulatory approval and other usual closing conditions.  "The
CreditWatch listing reflects the expected positive effects of the
transaction on Cosan's business and financial profiles," said
Standard & Poor's credit analyst Marcelo Schwarz.

S&P continues to believe the agreement will improve Cosan's
financial profile.  Assuming the deal goes through as proposed,
with a significant portion of Cosan's net debt being dropped down
to the JV (now including Brazilian reais 500 million of loans from
the Brazilian Development Bank), S&P expects Cosan to
significantly deleverage.  The company will retain its assets
in lubricants, logistics, land, and retail sugar brands, providing
it with some cash flows of its own.  Cosan will not fully control
the cash flows from its lucrative ethanol and fuel-distribution
businesses as it does, but it will ultimately benefit from
positive growth fundamentals for the JV.  S&P believes Cosan's
association with a partner that can support growth in these
businesses is positive for its overall credit quality.

At the JV level, liquidity will improve with cash contributions
from Shell, and synergies from Shell's downstream assets in Brazil
will strengthen its business profile.  The fuel-distribution
business typically generates stable cash flows, and this will
account for a significant and higher proportion of combined
EBITDA.  Other synergies and access to in-house technology
innovations in biofuel are also positives, which S&P expects to
offset integration risks.

S&P expects to resolve the CreditWatch within the next few months
soon as we obtain further details on the transaction and gain a
full understanding of the business and financial implications of
the deal on both Cosan Ltd. and Cosan S.A.


M-WISE TECNOLOGIA: Parent Posts US$230,200 Loss for Q2
------------------------------------------------------
m-Wise, Inc., filed its quarterly report on Form 10-Q, reporting a
net loss of US$230,256 on US$621,609 of revenue for the three
months ended June 30, 2010, compared with a net loss of US$62,352
on US$681,816 of revenue for the same period last year.

As at June 30, 2010, and December 31, 2009, the Company had a
working capital deficit of US$470,579 and US$381,116,
respectively.

The Company's balance sheet at June 30, 2010, showed US$1.0
million in total assets, US$1.5 million in total liabilities, and
a stockholders' deficit of US$533,904.

As reported in the Troubled Company Reporter on March 15, 2010, SF
Partnership LLP, Chartered Accounts, in Toronto, Canada,
expressed substantial doubt about the Company's ability to
continue as a going concern, following its 2009 results.  The
independent auditors noted of the Company's recurring losses from
operations.

A full-text copy of the Form 10-Q is available for free at:

               http://researcharchives.com/t/s?6b0a

                        About m-Wise, Inc.

Based in Herzeliya Pituach, Israel, m-Wise, Inc. is a Delaware
corporation that develops interactive messaging platforms for
mobile phone-based commercial applications, transactions, and
information services with internet billing capabilities.

The Company's wholly-owned subsidiaries are: m-Wise Ltd., which is
located in Israel and was incorporated in 2000 under the laws of
Israel; and m-Wise Tecnologia LTDA., which is located in Brazil
and was incorporated in 2009 under the laws of Brazil.


MOLECULAR INSIGHT: Gets Sept. 17 Extension of Waiver Agreement
--------------------------------------------------------------
Molecular Insight Pharmaceuticals, Inc. has received a ninth
extension of its waiver agreement with its Bond holders, allowing
debt restructuring discussions to continue.

Earlier this year, Molecular Insight executed the waiver agreement
and subsequent amendments with holders of the Company's
outstanding Senior Secured Bonds and the Bond Indenture trustee
and announced ongoing discussions with the Bond holders concerning
a restructuring of its outstanding debt.  Under terms of the ninth
extension announced today, the Bond holders and Bond Indenture
trustee agreed to extend the waiver of a default arising from the
inclusion of a going concern explanatory paragraph in the
independent auditor's report on the Company's financial statements
for the year ended December 31, 2009, any default arising from the
Company's failure to comply with the minimum liquidity
requirements set forth in the Bond Indenture, and other technical
defaults under the Bond Indenture.  The term of the waiver is
extended until 12:00 PM Eastern Standard Time on September 17,
2010.  During this waiver extension period, the Company will
continue to discuss with its Bond holders various proposals which
generally contemplate, among other things, a deleveraging of the
Company through a debt for equity exchange. There are no
assurances, however, that such discussions will be successful.

The waiver continues to be subject to a number of terms and
conditions relating to the provision of certain information to the
Bond holders, among other conditions and matters.  In the event
that the waiver expires or terminates prior to the successful
conclusion of the Company's negotiations with its Bond holders
regarding the restructuring of its outstanding debt, the Company
will be in default of its obligations under the Indenture and the
Bond holders may choose to accelerate the debt obligations under
the Indenture and demand immediate repayment in full and seek to
foreclose on the collateral supporting such obligations.  If the
Company's debt obligations are accelerated or are not restructured
on acceptable terms, it is likely the Company will be unable to
repay such obligations and may seek protection under the U.S.
Bankruptcy Code or similar relief.

                      About Molecular Insight

Cambridge, Mass.-based Molecular Insight Pharmaceuticals, Inc.
(NASDAQ: MIPI) -- http://www.molecularinsight.com/-- is a
clinical-stage biopharmaceutical company and pioneer in molecular
medicine.  The Company is focused on the discovery and development
of targeted therapeutic and imaging radiopharmaceuticals for use
in oncology.  Molecular Insight has five clinical-stage candidates
in development.

Molecular Insight had assets of US$49.39 million against debts of
US$193 million, mostly current, as of June 30, 2010.

As reported in the Troubled Company Reporter on March 17, 2010,
Deloitte & Touche LLP expressed substantial doubt about the
Company's ability to continue as a going concern after auditing
the Company's financial statements for the year ended December 31,
2009.  The independent auditors noted of the Company's
difficulties in meeting its bond indenture covenants and its
recurring losses from operations.

Molecular Insight inked with bondholders a waiver agreement that
expires August 16, 2010.  The bondholders agreed to waive a
default arising from the inclusion of a going concern explanatory
paragraph in the 2009 financial statements and other technical
defaults under the bond indenture.  The Company said that if its
debt obligations are accelerated following termination of the
waiver agreement or the debts are not restructured on acceptable
terms, it is likely the Company will be unable to repay such
obligations and may seek protection under the U.S. Bankruptcy Code
or similar relief.



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


* DOMINICAN REPUBLIC: Massive Deficit Forces US$500MM Bond Issue
----------------------------------------------------------------
Dominican Today reports 2010 is still far away from ending but the
Dominican Government already has plans to finance next year's
Budget, with Economy minister Temistocles Montas revealing
Thursday that it will have a deficit, forcing a search of nearly
US$800 million, of which US$500 million will be obtained with
bonds.

"So whenever the Dominican Government maintains its commitment
with stability, the same must also be authenticated by the
International Monetary Fund," Dominican Today quoted the official
as saying.  Mr. Montas also noted that the Budget being drafted
for 2011 will have a deficit of around 1.6% of the Gross Domestic
Product, the report adds.

According to the report, the Economy Minister affirmed that this
year's deficit is RD$47 billion. "So that you see that we are
improving, the deficit for this year is 2.4% of the GDP; for next
year it will be lower than 0.8% of the GDP."

Dominican Today relates the GDP was RD$342.6 billion in 2009,
RD$87.9 billion in the first quarter and is projected to conclude
with nearly RD$352 billion.

Dominican Today notes Mr. Montas declined to specify the amount of
the 2011 Budget, alleging that it's an attribution of the Treasury
Ministry. "But I am advancing this to you, that in a context in
which the Government, as part of the handling of a program with
the International Monetary Fund, the authorities won't have any
difficulty to access international financing."

Dominican Today relates Dominican Republic's bonds form part of
last year's US$1.7 billion agreement with the IMF, the official
said, adding that with the sovereign bonds, the country will have
financing from the Inter-American Development Bank and the World
Bank.  He noted that the 2010 Budget is being shored up with
US$750 million, the report adds.


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


GRUPO KUO: Standard & Poor's Affirms BB- LT Corp. Credit Rating
---------------------------------------------------------------
Standard & Poor's Ratings services affirmed its ratings on Grupo
KUO S.A.B. de C.V., including the 'BB-' long-term corporate credit
rating and the 'mxBBB+' national scale corporate credit rating. We
also affirmed our 'BB-' foreign-currency rating on KUO's US$250
million senior unsecured notes maturing in 2017, following the
proposed additional amount of US$50 million, and US$175 million
unsecured bank loan maturing in 2013.  The recovery rating is '3',
indicating our expectation of substantial (70%-90%) recovery in
the event of a payment default.  KUO will use proceeds to prepay a
portion of its US$175 million unsecured bank loan maturing in
2013.  The outlook is stable.

"Our ratings on Mexico-based conglomerate KUO are limited by the
low and volatile profitability inherent to some of the core
businesses in which it operates, and what we see as its relatively
high financial leverage indicators," said Standard & Poor's credit
analyst Laura Martinez.  However, the company's focus on
maintaining only profitable and value-added operations within its
business portfolio, its relatively comfortable debt maturity
schedule, and the continued implementation of cost-reduction and
efficiency programs support the rating.

On Sept. 6, 2010, KUO announced an agreement between its
associated company Megamex Foods LLC with TSG Consumer Partners
LLC (both not rated) and a group of private investors to acquire
Don Miguel Foods Corp. (not rated).  KUO expects to finalize the
acquisition by the end of 2010.  S&P expects this acquisition to
improve KUO's position in the consumer sector and S&P did not
expect it to lead to a change in KUO's key financial ratios.

The stable outlook reflects its expectation that KUO will continue
to implement cost reduction and efficiency programs, while
focusing on value-added and profitable businesses, leading to
further improvements in its operating and financial profiles.  S&P
could lower the ratings if KUO's investment plans require external
financing in the coming years.  A significant and consistent
improvement in the company's financial ratios--particularly a
total debt-to-EBITDA ratio of close to 2.5x or a stronger business
profile with improved operating margins--could lead to a positive
rating action.


VITRO SAB: May Have Majority Support for Debt Plan
--------------------------------------------------
Thomas Black at Bloomberg News reports that Vitro, S.A.B. de C.V.
said it may have majority support among bondholders for a debt
restructuring.

According to the report, citing a letter to the U.S. Securities
and Exchange Commission, Vitro SAB will file a plan under Mexico's
bankruptcy law, known as concurso mercantil, after obtaining a
majority of backers under a consent solicitation being sought this
month.  "Vitro believes that it has the requisite majority to
accomplish a prearranged concurso mercantil," Joy Gallup, a Vitro
lawyer from Millbank, Tweed, Hadley & McCloy LLP in New  York,
said in the letter obtained by the news agency.  "If approved, the
concurso plan will bind all of Vitro's creditors, including
holders of the notes," she added.

The report notes that Vitro reached an agreement to recognize
US$240.3 million owed to derivative holders in exchange for
dropping a lawsuit against the company.

In the letter to the SEC, Vitro said that if it fails to get a
majority in the consent solicitation planned for this month,
creditors may began an "involuntary" bankruptcy process in Mexico
or take legal action in the U.S, the report says.

Vitro, Bloomberg relates, also requested the cancellation of U.S.
registration of its bonds, saying that few investors hold the
notes.  The bonds maturing in 2012, 2013 and 2017 were held by 102
investors as of August 3, 2010, the report adds.

                         About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

                           *     *     *

In June 2010, Fitch Ratings withdrew all ratings of Vitro, S.A.B.
de C.V., given the lack of information following the company's
default on Feb. 2, 2009, and consistent with Fitch's policies.
Fitch will no longer provide ratings or credit research on the
Company.  Andres R. Martinez at Bloomberg News said in June that
Vitro was suspended from trading in Mexico City after failing to
file its fourth-quarter earnings report.  The company missed the
June 2 deadline for the results, Mexico's stock exchange said in
an e-mailed statement obtained by the news agency.  Vitro plans to
file the report once its debt restructuring is complete or if
ordered by a judge.  Vitro said that the suspension won't affect
company operations.

On June 30, 2009, Galaz, Yamazaki, Ruiz Urquiza, S.C., member of
Deloitte Touche Tohmatsu and C.P.C. Jorge Alberto Villarreal in
Monterrey, N.L., Mexico raised substantial doubt about the
Company's ability to continue as a going concern after auditing
financial results for the period ended Dec. 31, 2007, and 2008.
The auditors pointed out to the Company's net loss and its non-
compliance with covenants related to its long-term debt
obligations.


VITRO SAB: Settles With All Derivative Counterparties
-----------------------------------------------------
Vitro S.A.B. de C.V. has signed settlement agreements with all
derivative counterparties.  The Company reached an agreement to
settle the amount related to derivative financial instruments with
Calyon, London Branch.

In addition, the Company reached a settlement agreement with
Fintech Investments Ltd., the firm that recently acquired the DFIs
claims, previously owned by Credit Suisse International, Deutsche
Bank AG, London Branch, Merrill Lynch Capital Services, Citibank,
N.A., Barclays Bank, PLC and Cargill, Incorporated.

The amount of the settlement agreed with Calyon and Fintech is
US$63.4 million and US$176.9 million, respectively, for a total
amount of US$240.3 million recognized by the Company.

As a result of these Settlements, all of the lawsuits related with
the DFIs have been dismissed.  The Company remains committed to a
consensual restructuring process and is working diligently to
finalize and launch its Consent Solicitation as quickly as
possible.

                           About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

                           *     *     *

In June 2010, Fitch Ratings withdrew all ratings of Vitro, S.A.B.
de C.V., given the lack of information following the company's
default on Feb. 2, 2009, and consistent with Fitch's policies.
Fitch will no longer provide ratings or credit research on the
Company.  Andres R. Martinez at Bloomberg News said in June that
Vitro was suspended from trading in Mexico City after failing to
file its fourth-quarter earnings report.  The company missed the
June 2 deadline for the results, Mexico's stock exchange said in
an e-mailed statement obtained by the news agency.  Vitro plans to
file the report once its debt restructuring is complete or if
ordered by a judge.  Vitro said that the suspension won't affect
company operations.

On June 30, 2009, Galaz, Yamazaki, Ruiz Urquiza, S.C., member of
Deloitte Touche Tohmatsu and C.P.C. Jorge Alberto Villarreal in
Monterrey, N.L., Mexico raised substantial doubt about the
Company's ability to continue as a going concern after auditing
financial results for the period ended Dec. 31, 2007, and 2008.
The auditors pointed out to the Company's net loss and its non-
compliance with covenants related to its long-term debt
obligations.


VITRO SAB: To Deregister American Depository Shares
---------------------------------------------------
Vitro S.A.B. de C.V. has filed a Form 15F with the U.S. Securities
and Exchange Commission with the intention to deregister its
American Depositary Shares, Vitro's 8.625% Senior Notes due 2012,
Vitro's 11.75% Senior Notes due 2013 and Vitro's 9.125% Senior
Notes due 2017, and terminate its reporting obligations under
Section 12(g) of the Securities Exchange Act of 1934.

Vitro delisted its ADRs from the New York Stock Exchange and
terminated its ADR facility as of Aug. 24, 2009.  Vitro is already
eligible to suspend its Exchange Act reporting requirements as it
complies with the rules of the Exchange Act given that there are
no remaining holders of Vitro ADRs and each class of Notes are
held of record by less than 300 persons on a worldwide basis.

If the SEC has no objection, the deregistration and termination
of reporting obligations will become effective not later than
90 days after the filing.  Upon filing of the Form 15-F, Vitro's
reporting obligations with the SEC will be suspended until the
deregistration is effective.  However, Vitro will continue to
provide information to the Mexican Stock Exchange and will make
such information available on its website.

The shares representing Vitro's capital stock will continue
trading on the Mexican Stock Exchange.

                           About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

                           *     *     *

In June 2010, Fitch Ratings withdrew all ratings of Vitro, S.A.B.
de C.V., given the lack of information following the company's
default on Feb. 2, 2009, and consistent with Fitch's policies.
Fitch will no longer provide ratings or credit research on the
Company.  Andres R. Martinez at Bloomberg News said in June that
Vitro was suspended from trading in Mexico City after failing to
file its fourth-quarter earnings report.  The company missed the
June 2 deadline for the results, Mexico's stock exchange said in
an e-mailed statement obtained by the news agency.  Vitro plans to
file the report once its debt restructuring is complete or if
ordered by a judge.  Vitro said that the suspension won't affect
company operations.

On June 30, 2009, Galaz, Yamazaki, Ruiz Urquiza, S.C., member of
Deloitte Touche Tohmatsu and C.P.C. Jorge Alberto Villarreal in
Monterrey, N.L., Mexico raised substantial doubt about the
Company's ability to continue as a going concern after auditing
financial results for the period ended Dec. 31, 2007, and 2008.
The auditors pointed out to the Company's net loss and its non-
compliance with covenants related to its long-term debt
obligations.


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


CARIBBEAN PETROLEUM: Taps Kurtzman Carson as Claims Agent
---------------------------------------------------------
Caribbean Petroleum Corporation and its debtor-affiliates ask the
U.S. Bankruptcy Court for the District of Delaware for permission
to employ Kurtzman Carson Consultants LLC as noticing, claims, and
balloting agent.

KCC will, among other things:

   -- prepare and serve required notices in the Debtors'
      Chapter 11 cases;

   -- provide access to the public of examination of claims and
      the claims register at no charge; and

   -- maintain and update the master mailing lists of creditors.

The Debtors propose to compensate KCC for all fees and expenses
incurred in an amount not to exceed US$25,000 per month, on
average.

The hourly rates of KCC's personnel are:

     Clerical                          US$45 -  $60
     Project Specialist                  $80 - $140
     Technology/Programming Consultant  $140 - $190
     Consultant                         $165 - $220
     Senior Consultant                  $165 - $220
     Senior Managing Consultant             $295

To the best of the Debtors' knowledge, KCC is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

                     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 assets at US$100 million to US$500 million and 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.

The Debtors' lead 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.


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


CL FIN'L: Unit Accepts Weatherhead Bid for CLICO General Insurance
------------------------------------------------------------------
Cheryl Harewood at NationNews.com reports CLICO Holdings Limited
has accepted an offer by the Weatherhead group of companies,
headed by Bernie Weatherhead, to purchase CLICO General Insurance.

The report relates Mr. Weatherhead said: "We've been a CLICO agent
for many years, and all our companies have been insured with CLICO
General.  Over the years we've also built up a relationship with
the management and staff and have been active as an agent in
building a relationship with the reinsurers of CLICO.  This was an
important part to our decision."

According to NationNews, Mr. Weatherhead said that the company
would widen his base by the addition of offices in every island.
"We appointed the company Ecklers of Canada to do due diligence
and so far we are comfortable with the viability and stability of
the company", the report quoted Mr. Weatherhead as saying.  "It is
our intention to maintain the staff complement, and we will embark
on a major marketing thrust aimed at restoring faith in the hearts
of people that were with CLICO General," he added.

The report notes that the new company will be backed by Willis,
the second largest reinsurance broker in the world.

CLICO Holdings is a subsidiary of CL Financial.

                         About CL Financial

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

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 10, 2009, A.M. Best Co. downgraded the financial strength
rating to C (Weak) from B (Fair) and issuer credit rating to "ccc"
from "bb" of Colonial Life Insurance Company (Trinidad) Limited
(CLICO) (Trinidad & Tobago).  The ratings remain under review with
negative implications.  CLICO is an insurance member company of CL
Financial Limited (CL Financial), a diversified holding company
based in Trinidad & Tobago.

According to a TCRLA report on Feb. 20, 2009, citing Trinidad and
Tobago Express, Tobago President George Maxwell Richards signed
bailout bills for CL Financial, giving the government the
authority to control the company's unit, Colonial Life Insurance
Company, and giving the central bank extensive powers to treat
with CL Financial's collapse and the consequent systemic crisis


CL FIN'L: Court Orders CLICO Guyana Liquidation
-----------------------------------------------
High Court Chief Justice Ian Chang has ordered the complete
liquidation of the Guyana branch of Colonial Life Insurance Co.
through the sale of its prime real estate assets and extensive
timber rights to offset losses to more than 15,000 policyholders,
The Associated Press reports.  The report relates that it is
unclear how much the assets are worth, although the government has
said Clico's liabilities of more than US$60 million far exceed
their value.

According to the report, Judge Chang's ruling upheld a similar
decision last year that was challenged.  Another appeal is
possible, but Clico's lead attorney, Roysdale Forde, told Stabroek
News he was not surprised by the verdict and did not know whether
the company intends to continue the case, the report relates.

The AP notes that Judge Chang also ordered the Bank of Guyana to
distribute the US$15 million promised last year from a regional
emergency fund created to help policyholders.

Guyana seized Clico after its parent company CL Financial Ltd.
received a government bailout, the report notes.

                       About CL Financial

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

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
August 10, 2009, A.M. Best Co. downgraded the financial strength
rating to C (Weak) from B (Fair) and issuer credit rating to "ccc"
from "bb" of Colonial Life Insurance Company (Trinidad) Limited
(CLICO) (Trinidad & Tobago).  The ratings remain under review with
negative implications.  CLICO is an insurance member company of CL
Financial Limited (CL Financial), a diversified holding company
based in Trinidad & Tobago.

According to a TCRLA report on Feb. 20, 2009, citing Trinidad and
Tobago Express, Tobago President George Maxwell Richards signed
bailout bills for CL Financial, giving the government the
authority to control the company's unit, Colonial Life Insurance
Company, and giving the central bank extensive powers to treat
with CL Financial's collapse and the consequent systemic crisis


HINDU CREDIT UNION: Group Thanks Government for Possible Bailout
----------------------------------------------------------------
The Hindu Credit Union Members' Group has expressed gratitude to
the Trinidad and Tobago government for including measures in the
2010/11 budget to assist in recovering their investments, The
Guardian reports.

According to the report, the union said that the government's
action has given its members hope.  "After more than two years of
the HCU in receivership and liquidation and the 100,000 plus
members of the HCU are now seeing a bright light at the end of the
tunnel as the People's Partnership government included measures in
the 2010 Budget to assist in recovering their investments," the
group said, The Guardian relates.

The group, the report notes, recommended an early implementation
of the Credit Union Deposit Insurance and new Credit Union
legislation, and the strengthening the Commissioner of Co-
operatives' office so as to ensure improved monitoring and
oversight.

Meanwhile, The Guardian relates, after years of begging for a
Government bailout, depositors of the Hindu Credit Union were also
granted relief.  The report notes that Finance Minister Winston
Dookeran said that although the failure of HCU did not carry a
systemic risk to the financial system, the government intent is to
protect these small investors and has adopted a similar approach
to that used in Clico.

Mr. Dookeran, the report relates, said that depositors and
shareholders will be entitled to $75,000 in accordance with the
rules of the Deposit Insurance Corporation.  Depositors above
$75,000 will be paid in equal annual installments at zero interest
rate over 20 years, the report says.  However, the report
discloses, shareholders receiving these payouts will be required
to sign over their rights to HCU assets to the Government.

Mr. Dookeran said the government will recover public funds
injected from the proceeds from the sale of these assets, the
report notes.   This intervention, The Guardian adds, will cost
taxpayers an estimated $300 million and benefit more than 160,000
people.

                       About Hindu Credit

Hindu Credit Union Co-Operative Society Limited (HCU)
-- http://www.ourhcu.com/-- is headquartered in Borough,
Chaguanas, in Trinidad and Tobago.

As reported in the Troubled Company Reporter-Latin America on
July 28, 2008, the High Court of Trinidad and Tobago granted the
government full control of Hindu Credit as the company faces
financial difficulties, leaving depositors in limbo despite
requests from lawyers.  In June 2008, chartered accountants Ernst
and Young inspected Hindu Credit's books, accounts, and records
after a public outcry and calls for an internal audit.  Charles
Mitchell, the Commissioner for Co-Operative Development,
represents Hindu Credit's depositors.


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


ECONOINVEST CASA DE BOLSA: Irregularities Made Firm Inviable
------------------------------------------------------------
Venezuela will liquidate Econoinvest Casa de Bolsa, the country's
largest brokerage, Jose Orozco at Bloomberg News reports, citing
Tomas Sanchez, head of Venezuela's securities regulator.

According to the report, Mr. Sanchez said that the decision came
after a government probe determined financial irregularities made
the firm inviable.  Mr. Sanchez, the report relates, said
Venezuela is still probing companies owned by Econoinvest for
securities fraud.

Econoninvest's directors haven't committed any crimes, Juan
Ramon Carvallo, their lawyer, has said, Bloomberg notes.


===============
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 NET     IMPTQ US         535007008      -17165000
IMPSAT FIBER-BLK     IMPTB AR         535007008      -17165000
IMPSAT FIBER-$US     IMPTD AR         535007008      -17165000
IMPSAT FIBER NET     330902Q GR       535007008      -17165000
IMPSAT FIBER-C/E     IMPTC AR         535007008      -17165000
IMPSAT FIBER NET     XIMPT SM         535007008      -17165000
IMPSAT FIBER-CED     IMPT AR          535007008      -17165000
AUTOPISTAS SOL       APDSF US         364771500    -6265989.03
AUTOPISTAS SOL       AUSO AR          364771500    -6265989.03
SOC COMERCIAL PL     CADN SW          135685132     -249657810
COMERCIAL PLA-BL     COMEB AR         135685132     -249657810
SOC COMERCIAL PL     CADN EO          135685132     -249657810
SOC COMERCIAL PL     CVVIF US         135685132     -249657810
COMERCIAL PL-C/E     COMEC AR         135685132     -249657810
COMERCIAL PL-ADR     SCPDS LI         135685132     -249657810
SOC COMERCIAL PL     CAD IX           135685132     -249657810
SOC COMERCIAL PL     COME AR          135685132     -249657810
COMERCIAL PLAT-$     COMED AR         135685132     -249657810
SOC COMERCIAL PL     SCDPF US         135685132     -249657810
SNIAFA SA            SNIA AR           11229696    -2670544.88
SNIAFA SA-B          SDAGF US          11229696    -2670544.88
SNIAFA SA-B          SNIA5 AR          11229696    -2670544.88


BRAZIL

FER C ATLANT         VSPT3 BZ         1.185E+09    -50468104.7
FER C ATL-RCT PF     VSPT10 BZ        1.185E+09    -50468104.7
FERROVIA CEN-DVD     VSPT11 BZ        1.185E+09    -50468104.7
FER C ATL-RCT CM     VSPT9 BZ         1.185E+09    -50468104.7
FER C ATLANT-PRF     VSPT4 BZ         1.185E+09    -50468104.7
FERROVIA CEN-DVD     VSPT12 BZ        1.185E+09    -50468104.7
VARIG SA-PREF        VARGPN BZ        966298026    -4695211316
VARIG SA             VARGON BZ        966298026    -4695211316
VARIG SA-PREF        VAGV4 BZ         966298026    -4695211316
VARIG SA             VAGV3 BZ         966298026    -4695211316
LAEP INVESTMENTS     LEAP LX          446499199    -70952298.9
LAEP-BDR             MILK11 BZ        446499199    -70952298.9
PARMALAT             LCSA3 BZ         388720052     -213641144
PARMALAT BR-RT P     LCSA6 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 PETROLIF-PRF     MRLM4 BZ         377602195    -3014291.72
CIA PETROLIFERA      MRLM3B BZ        377602195    -3014291.72
CIA PETROLIFERA      MRLM3 BZ         377602195    -3014291.72
CIA PETROLIF-PRF     MRLM4B BZ        377602195    -3014291.72
CIA PETROLIF-PRF     1CPMPN BZ        377602195    -3014291.72
CIA PETROLIFERA      1CPMON BZ        377602195    -3014291.72
DOCA INVESTI-PFD     DOCA4 BZ         319046939     -119089653
DOCAS SA             DOCAON BZ        319046939     -119089653
DOCA INVESTIMENT     DOCA3 BZ         319046939     -119089653
DOCAS SA-RTS PRF     DOCA2 BZ         319046939     -119089653
DOCAS SA-PREF        DOCAPN BZ        319046939     -119089653
BOMBRIL CIRIO-PF     BOBRPN BZ        292257859     -115839632
BOMBRIL CIRIO SA     BOBRON BZ        292257859     -115839632
BOMBRIL-RGTS PRE     BOBR2 BZ         292257859     -115839632
BOMBRIL              BOBR3 BZ         292257859     -115839632
BOMBRIL SA-ADR       BMBPY US         292257859     -115839632
BOMBRIL              BMBBF US         292257859     -115839632
BOMBRIL-RIGHTS       BOBR1 BZ         292257859     -115839632
BOMBRIL-PREF         BOBR4 BZ         292257859     -115839632
BOMBRIL SA-ADR       BMBBY US         292257859     -115839632
TELEBRAS-CM RCPT     RCTB30 BZ        244716404    -14836627.7
TELEBRAS-CEDEA $     TEL4D AR         244716404    -14836627.7
TELEBRAS-ADR         TBAPY US         244716404    -14836627.7
TELEBRAS SA-PREF     TELB4 BZ         244716404    -14836627.7
TELEBRAS-PF BLCK     TELB40 BZ        244716404    -14836627.7
TELEBRAS-RTS PRF     RCTB2 BZ         244716404    -14836627.7
TELEBRAS-RTS CMN     TCLP1 BZ         244716404    -14836627.7
TELEBRAS-PF RCPT     RCTB41 BZ        244716404    -14836627.7
TELEBRAS-PF RCPT     CBRZF US         244716404    -14836627.7
TELEBRAS-CEDE BL     RCT4B AR         244716404    -14836627.7
TELEBRAS-CEDE PF     TELB4 AR         244716404    -14836627.7
TELEBRAS-CED C/E     TEL4C AR         244716404    -14836627.7
TELEBRAS-CM RCPT     RCTB31 BZ        244716404    -14836627.7
TELEBRAS SA-PREF     TLBRPN BZ        244716404    -14836627.7
TELEBRAS-RCT PRF     TELB10 BZ        244716404    -14836627.7
TELEBRAS-CM RCPT     TELE31 BZ        244716404    -14836627.7
TELEBRAS-PF RCPT     RCTB40 BZ        244716404    -14836627.7
TELEBRAS SA-RT       TELB9 BZ         244716404    -14836627.7
TELEBRAS/W-I-ADR     TBH-W US         244716404    -14836627.7
TELEBRAS-PF RCPT     TELE41 BZ        244716404    -14836627.7
TELEBRAS-PF RCPT     TBAPF US         244716404    -14836627.7
TELEBRAS-RECEIPT     TLBRUO BZ        244716404    -14836627.7
TELEBRAS SA          TBASF US         244716404    -14836627.7
TELEBRAS-ADR         RTB US           244716404    -14836627.7
TELEBRAS-CED C/E     RCT4C AR         244716404    -14836627.7
TELECOMUNICA-ADR     81370Z BZ        244716404    -14836627.7
TELEBRAS-BLOCK       TELB30 BZ        244716404    -14836627.7
TELEBRAS-RCT         RCTB33 BZ        244716404    -14836627.7
TELEBRAS-ADR         TBRAY GR         244716404    -14836627.7
TELEBRAS-RTS CMN     RCTB1 BZ         244716404    -14836627.7
TELEBRAS-CM RCPT     RCTB32 BZ        244716404    -14836627.7
TELEBRAS-ADR         TBH US           244716404    -14836627.7
TELEBRAS-CEDE PF     RCTB4 AR         244716404    -14836627.7
TELEBRAS-CEDEA $     RCT4D AR         244716404    -14836627.7
TELEBRAS-CM RCPT     TBRTF US         244716404    -14836627.7
TELEBRAS-PF RCPT     TLBRUP BZ        244716404    -14836627.7
TELEBRAS-COM RT      TELB1 BZ         244716404    -14836627.7
TELEBRAS-ADR         TBX GR           244716404    -14836627.7
TELEBRAS-RTS PRF     TLCP2 BZ         244716404    -14836627.7
TELEBRAS-PF RCPT     RCTB42 BZ        244716404    -14836627.7
TELEBRAS SA          TELB3 BZ         244716404    -14836627.7
TELEBRAS-ADR         TBASY US         244716404    -14836627.7
TELEBRAS SA          TLBRON BZ        244716404    -14836627.7
HOTEIS OTHON SA      HOTHON BZ        238707299    -35774972.9
HOTEIS OTHON SA      HOOT3 BZ         238707299    -35774972.9
HOTEIS OTHON-PRF     HOOT4 BZ         238707299    -35774972.9
HOTEIS OTHON-PRF     HOTHPN BZ        238707299    -35774972.9
TEKA                 TKTQF US         237346006     -337859942
TEKA                 TEKA3 BZ         237346006     -337859942
TEKA                 TEKAON BZ        237346006     -337859942
TEKA-PREF            TEKAPN BZ        237346006     -337859942
TEKA-ADR             TKTPY US         237346006     -337859942
TEKA-ADR             TKTQY US         237346006     -337859942
TEKA-ADR             TEKAY US         237346006     -337859942
TEKA-PREF            TEKA4 BZ         237346006     -337859942
TEKA-PREF            TKTPF US         237346006     -337859942
BALADARE             BLDR3 BZ         159454016    -52992212.8
SANSUY               SNSY3 BZ         147187163    -86606310.8
SANSUY SA            SNSYON BZ        147187163    -86606310.8
SANSUY-PREF A        SNSY5 BZ         147187163    -86606310.8
SANSUY-PREF B        SNSY6 BZ         147187163    -86606310.8
SANSUY SA-PREF A     SNSYAN BZ        147187163    -86606310.8
SANSUY SA-PREF B     SNSYBN BZ        147187163    -86606310.8
GRADIENTE EL-PRC     IGBCN BZ         145256033     -273857292
GRADIENTE-PREF A     IGBR5 BZ         145256033     -273857292
IGB ELETRONICA       IGBR3 BZ         145256033     -273857292
GRADIENTE EL-PRB     IGBBN BZ         145256033     -273857292
GRADIENTE-PREF C     IGBR7 BZ         145256033     -273857292
GRADIENTE EL-PRA     IGBAN BZ         145256033     -273857292
GRADIENTE ELETR      IGBON BZ         145256033     -273857292
GRADIENTE-PREF B     IGBR6 BZ         145256033     -273857292
D H B                DHBI3 BZ         139112728     -464095219
DHB IND E COM-PR     DHBPN BZ         139112728     -464095219
D H B-PREF           DHBI4 BZ         139112728     -464095219
DHB IND E COM        DHBON BZ         139112728     -464095219
PET MANGUINH-PRF     RPMG4 BZ         128717705     -153478601
PET MANG-RIGHTS      3678565Q BZ      128717705     -153478601
PET MANG-RECEIPT     RPMG9 BZ         128717705     -153478601
PETRO MANGUINHOS     RPMG3 BZ         128717705     -153478601
PET MANG-RT          RPMG1 BZ         128717705     -153478601
PET MANG-RIGHTS      3678569Q BZ      128717705     -153478601
PETRO MANGUIN-PF     MANGPN BZ        128717705     -153478601
PET MANG-RECEIPT     RPMG10 BZ        128717705     -153478601
PET MANG-RT          RPMG2 BZ         128717705     -153478601
PETRO MANGUINHOS     MANGON BZ        128717705     -153478601
VARIG PART EM SE     VPSC3 BZ          96617351     -460274609
VARIG PART EM-PR     VPSC4 BZ          96617351     -460274609
RIMET-PREF           REEMPN BZ         94618909     -152507221
RIMET-PREF           REEM4 BZ          94618909     -152507221
RIMET                REEMON BZ         94618909     -152507221
RIMET                REEM3 BZ          94618909     -152507221
DOC IMBITUBA-RTC     IMBI1 BZ          94039192    -39398915.1
DOCAS IMBITUB-PR     IMBIPN BZ         94039192    -39398915.1
DOC IMBITUBA-RTP     IMBI2 BZ          94039192    -39398915.1
DOCAS IMBITUBA       IMBION BZ         94039192    -39398915.1
DOC IMBITUBA         IMBI3 BZ          94039192    -39398915.1
DOC IMBITUB-PREF     IMBI4 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-PREF      EAAPN BZ          80346370    -11622480.4
ACO ALTONA SA        EAAON BZ          80346370    -11622480.4
ACO ALTONA           EALT3 BZ          80346370    -11622480.4
ACO ALTONA-PREF      EALT4 BZ          80346370    -11622480.4
ESTRELA SA-PREF      ESTRPN BZ         76255458    -69760619.7
ESTRELA SA           ESTR3 BZ          76255458    -69760619.7
ESTRELA SA-PREF      ESTR4 BZ          76255458    -69760619.7
ESTRELA SA           ESTRON BZ         76255458    -69760619.7
RIOSULENSE SA-PR     RSULPN BZ         68368524    -9647727.04
RIOSULENSE SA        RSUL3 BZ          68368524    -9647727.04
RIOSULENSE SA        RSULON BZ         68368524    -9647727.04
RIOSULENSE SA-PR     RSUL4 BZ          68368524    -9647727.04
TEXTEIS RENAU-RT     TXRX2 BZ          63634626    -91597740.4
TEXTEIS RENA-RCT     TXRX9 BZ          63634626    -91597740.4
RENAUXVIEW SA        TXRX3 BZ          63634626    -91597740.4
TEXTEIS RENAUX       RENXPN BZ         63634626    -91597740.4
RENAUXVIEW SA-PF     TXRX4 BZ          63634626    -91597740.4
TEXTEIS RENA-RCT     TXRX10 BZ         63634626    -91597740.4
TEXTEIS RENAU-RT     TXRX1 BZ          63634626    -91597740.4
TEXTEIS RENAUX       RENXON BZ         63634626    -91597740.4
MINUPAR SA-PREF      MNPRPN BZ         63223032    -58260845.7
MINUPAR-RT           MNPR1 BZ          63223032    -58260845.7
MINUPAR-RCT          MNPR9 BZ          63223032    -58260845.7
MINUPAR-PREF         MNPR4 BZ          63223032    -58260845.7
MINUPAR SA           MNPRON BZ         63223032    -58260845.7
MINUPAR              MNPR3 BZ          63223032    -58260845.7
FABRICA RENAUX-P     FRNXPN BZ         63036915      -59781833
FABRICA RENAUX       FRNXON BZ         63036915      -59781833
FABRICA TECID-RT     FTRX1 BZ          63036915      -59781833
FABRICA RENAUX-P     FTRX4 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-PREF           WISA4 BZ          39838114    -93371563.1
WIEST                WISA3 BZ          39838114    -93371563.1
WIEST SA             WISAON BZ         39838114    -93371563.1
WIEST SA-PREF        WISAPN BZ         39838114    -93371563.1
CIMOB PART-PREF      GAFP4 BZ          36817395    -33083086.5
CIMOB PART-PREF      GAFPN BZ          36817395    -33083086.5
CIMOB PARTIC SA      GAFP3 BZ          36817395    -33083086.5
CIMOB PARTIC SA      GAFON BZ          36817395    -33083086.5
STAROUP SA-PREF      STARPN BZ         35101567    -13482713.5
BOTUCATU-PREF        STRP4 BZ          35101567    -13482713.5
STAROUP SA           STARON BZ         35101567    -13482713.5
BOTUCATU TEXTIL      STRP3 BZ          35101567    -13482713.5
SANESALTO            SNST3 BZ          31044051    -1843297.83
STEEL - RT           STLB1 BZ          22548846     -4346785.7
STEEL DO BRASIL      STLB3 BZ          22548846     -4346785.7
STEEL - RCT ORD      STLB9 BZ          22548846     -4346785.7
CHIARELLI SA-PRF     CCHI4 BZ          22274027    -44537138.2
CHIARELLI SA         CCHI3 BZ          22274027    -44537138.2
CHIARELLI SA-PRF     CCHPN BZ          22274027    -44537138.2
CHIARELLI SA         CCHON BZ          22274027    -44537138.2
NOVA AMERICA SA      1NOVON BZ         21287489     -183535527
NOVA AMERICA SA      NOVA3 BZ          21287489     -183535527
NOVA AMERICA-PRF     1NOVPN BZ         21287489     -183535527
NOVA AMERICA-PRF     NOVA4B BZ         21287489     -183535527
NOVA AMERICA SA      NOVA3B BZ         21287489     -183535527
NOVA AMERICA-PRF     NOVAPN BZ         21287489     -183535527
NOVA AMERICA-PRF     NOVA4 BZ          21287489     -183535527
NOVA AMERICA SA      NOVAON 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         SJOS3 BZ          17924946    -18569451.2
TECEL S JOSE-PRF     SJOS4 BZ          17924946    -18569451.2
TECEL S JOSE         FTSJON BZ         17924946    -18569451.2
TECEL S JOSE-PRF     FTSJPN BZ         17924946    -18569451.2
FERRAGENS HAGA-P     HAGAPN BZ         17657785    -62285757.3
FERRAGENS HAGA       HAGAON BZ         17657785    -62285757.3
FER HAGA-PREF        HAGA4 BZ          17657785    -62285757.3
HAGA                 HAGA3 BZ          17657785    -62285757.3
NORDON MET           NORD3 BZ          15427479    -20563974.4
NORDON METAL         NORDON BZ         15427479    -20563974.4
NORDON MET-RTS       NORD1 BZ          15427479    -20563974.4
SCHLOSSER-PREF       SCLO4 BZ          13140656    -56631899.1
SCHLOSSER SA         SCHON BZ          13140656    -56631899.1
SCHLOSSER            SCLO3 BZ          13140656    -56631899.1
SCHLOSSER SA-PRF     SCHPN BZ          13140656    -56631899.1
PROMAN               PRMN3B BZ         13088926    -87154.5455
PROMAN               PRMN3 BZ          13088926    -87154.5455
GAZOLA SA            GAZON BZ          12452143    -40298506.3
GAZOLA SA-DVD PF     GAZO12 BZ         12452143    -40298506.3
GAZOLA-PREF          GAZO4 BZ          12452143    -40298506.3
GAZOLA-RCPT PREF     GAZO10 BZ         12452143    -40298506.3
GAZOLA SA-DVD CM     GAZO11 BZ         12452143    -40298506.3
GAZOLA               GAZO3 BZ          12452143    -40298506.3
GAZOLA SA-PREF       GAZPN BZ          12452143    -40298506.3
GAZOLA-RCPTS CMN     GAZO9 BZ          12452143    -40298506.3
ARTHUR LANGE SA      ALICON BZ         11642256    -17154461.9
ARTHUR LANG-RC C     ARLA9 BZ          11642256    -17154461.9
ARTHUR LAN-DVD P     ARLA12 BZ         11642256    -17154461.9
ARTHUR LANGE         ARLA3 BZ          11642256    -17154461.9
ARTHUR LAN-DVD C     ARLA11 BZ         11642256    -17154461.9
ARTHUR LANG-RC P     ARLA10 BZ         11642256    -17154461.9
ARTHUR LANGE-PRF     ARLA4 BZ          11642256    -17154461.9
ARTHUR LANG-RT C     ARLA1 BZ          11642256    -17154461.9
ARTHUR LANGE-PRF     ALICPN BZ         11642256    -17154461.9
ARTHUR LANG-RT P     ARLA2 BZ          11642256    -17154461.9
HERCULES-PREF        HETA4 BZ          10710103     -164239944
HERCULES SA          HERTON BZ         10710103     -164239944
HERCULES SA-PREF     HERTPN BZ         10710103     -164239944
HERCULES             HETA3 BZ          10710103     -164239944


CHILE

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