TCRLA_Public/100916.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

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

           Thursday, September 16, 2010, Vol. 11, No. 183

                            Headlines



A R G E N T I N A

AUTOSERVICIO ANALI: Creditors' Proofs of Debt Due on November 8
COOPERATIVA DE TRABAJO: Creditors' Proofs of Debt Due on Nov. 5
DECORACIONES SIGLO: Creditors' Proofs of Debt Due on November 3
INCIEN SA: Creditors' Proofs of Debt Due on October 20
LOS PINOS: Creditors' Proofs of Debt Due on October 8

* ARGENTINA: S&P Puts Ratings on 13 Entities on Positive Watch
* ARGENTINA: S&P Raises Ratings on Various Entities to 'B'


B E R M U D A

BLUMONT MAN: Creditors' Proofs of Debt Due on September 24
BLUMONT MAN: Members' Final Meeting Set for October 22
BLUMONT MAN: Creditors' Proofs of Debt Due on September 24
BLUMONT MAN: Members' Final Meeting Set for October 22
MAN INCREASED: Creditors' Proofs of Debt Due on September 24

MAN INCREASED: Members' Final Meeting Set for October 22


C A Y M A N  I S L A N D S

ALLIANZ HEDGE: Commences Wind-Up Proceedings
BOUGAINVILLE LIMITED: Creditors' Proofs of Debt Due on October 13
FRANCIS INTERNATIONAL: Creditors' Proofs of Debt Due on October 12
GARMARIN INVESTMENTS: Commences Wind-Up Proceedings
GOLD ARROW: Creditors' Proofs of Debt Due on October 13

GOLDENTREE LOAN: Creditors' Proofs of Debt Due on October 13
HALCORE FUNDING: Creditors' Proofs of Debt Due on October 4
HAZELTINE LIMITED: Creditors' Proofs of Debt Due on October 13
IVY SENTINEL: Creditors' Proofs of Debt Due on October 13
NEKO LTD: Creditors' Proofs of Debt Due on October 13

NOMC INSURANCE: Commences Liquidation Proceedings
PARMALAT CAPITAL: Appoints Varga as Third Liquidator
RMB INTERNATIONAL: Creditors' Proofs of Debt Due on October 13
RMB LEVERAGED: Creditors' Proofs of Debt Due on October 13
SANDOVAL INVESTMENTS: Creditors' Proofs of Debt Due on October 13

TEEFF LIMITED: Creditors' Proofs of Debt Due on October 13
TIRANE LTD: Commences Wind-Up Proceedings
TREATY OAK: Creditors' Proofs of Debt Due on October 13
TUDOR GLOBAL: Creditors' Proofs of Debt Due on October 13
UCM GLOBAL: Creditors' Proofs of Debt Due on October 14


D O M I N I C A N  R E P U B L I C

F&J INDUSTRIA TEXTIL I: Shuts Down Operations
F&J INDUSTRIA TEXTIL II: Shuts Down Operations


M E X I C O

* MEXICO: Moody's Gives Positive Outlook on Guerrero's Ba2 Rating


P E R U

DOE RUN PERU: Closure Leaves Local Economy Devastated


P U E R T O  R I C O

INDUSTRIES PUERTO RICO: NCUA Liquidates Firm


T R I N I D A D  &  T O B A G O

CL FINANCIAL: Senator Wants Ponzi Scheme Perpetrators Jailed


X X X X X X X X

Upcoming Meetings, Conferences and Seminars




                         - - - - -


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


AUTOSERVICIO ANALI: Creditors' Proofs of Debt Due on November 8
---------------------------------------------------------------
The court-appointed trustee for Autoservicio Anali S.R.L.'s
bankruptcy proceedings, will be verifying creditors' proofs of
claim until November 8, 2010.

The trustee will present the validated claims in court as
individual reports on February 25, 2011.  The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.

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

A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
April 11, 2011.


COOPERATIVA DE TRABAJO: Creditors' Proofs of Debt Due on Nov. 5
---------------------------------------------------------------
The court-appointed trustee for Cooperativa de Trabajo Solucionar
Limitada'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 on December 23, 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 11, 2011.

Creditors will vote to ratify the completed settlement plan
during the assembly on September 12, 2011.


DECORACIONES SIGLO: Creditors' Proofs of Debt Due on November 3
---------------------------------------------------------------
The court-appointed trustee for Decoraciones Siglo XXI S.A.'s
bankruptcy proceedings, will be verifying creditors' proofs of
claim until November 3, 2010.

The trustee will present the validated claims in court as
individual reports on December 16, 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 3, 2011.


INCIEN SA: Creditors' Proofs of Debt Due on October 20
------------------------------------------------------
The court-appointed trustee for Incien S.A.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
October 20, 2010.

The trustee will present the validated claims in court as
individual reports on December 1, 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 15, 2011.


LOS PINOS: Creditors' Proofs of Debt Due on October 8
-----------------------------------------------------
The court-appointed trustee for Los Pinos Maderas en Chapas
S.R.L's reorganization proceedings, will be verifying creditors'
proofs of claim until October 8, 2010.

The trustee will present the validated claims in court as
individual reports on November 22, 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 3, 2011.


* ARGENTINA: S&P Puts Ratings on 13 Entities on Positive Watch
-------------------------------------------------------------
Standard & Poor's Ratings Services said that it placed the global
scale ratings on 13 Argentine entities on CreditWatch with
positive implications following the upgrade of the Republic of
Argentina to 'B' from 'B-' on Sept. 13, 2010.  S&P expects to
resolve the CreditWatch listing in the next 90 days after
analyzing the potential effect of improved sovereign financial
health on the affected entities.  At the same time, S&P affirmed
the ratings on three Argentine entities.

Together with the sovereign upgrade, the transfer and
convertibility risk for Argentina was raised to 'B' from 'B-',
reflecting S&P's perception that the government's willingness to
intervene in the foreign exchange market has declined along with
its stronger repayment ability.

The upgrade of Argentina reflects improvements in the government's
financial profile thanks to lower debt levels and diminished
short-term liquidity pressures.  The combination of a strong
economic recovery in 2010 with support from favorable external
conditions, which should persist over the medium term, should ease
rollover risk.  Despite the country's recent confrontational
political and economical approach that has increased polarization,
S&P expects GDP to increase by 7% in 2010 and 4.5% in 2011.

The ratings on Argentina continue to incorporate an economic
approach based on increasing levels of policy discretion despite
high inflation that has shortened planning horizons.  Increasing
problems with government statistics are another constraint.  As
presidential elections begin to dominate the political landscape
(planned for October 2011), S&P expects political confrontation
and polarization to increase.  Nonetheless, the improving
financial profile in a favorable international context makes
Argentina's risk consistent with a 'B' rating.

"Economic growth and higher financial flexibility at the sovereign
level are favorable features for companies operating in
Argentina," said Standard & Poor's credit analyst Pablo Lutereau.
Nevertheless, S&P will be conducting a detailed review of the
affected Argentine entities to define the potential benefit of
those improvements.  S&P's goal is to assess potential benefit
that the entities may receive from a financially healthier
sovereign in a more complex business environment.  "This is
especially in light of the 2011 election process and current
political dynamic that could add to the existing negative
pressures in the business climate," he continued.

S&P still believe that credit quality improvement depends on
greater regulatory certainty and improvements of the business
climate for long-term investment.  That said, the potential for
higher ratings for Argentine companies remains limited due to
country's institutional environment and the exposure of certain
companies and sectors to regulatory uncertainty, discretional
political interference, price controls, and debt-revenue currency
mismatch.


* ARGENTINA: S&P Raises Ratings on Various Entities to 'B'
----------------------------------------------------------
Standard & Poor's Ratings Services said that it raised its long-
term global-scale ratings on several entities based in Argentina
to 'B' from 'B-':

  -- Banco Hipotecario S.A.
  -- Banco Patagonia S.A.
  -- Caja de Valores S.A.
  -- Province of Cordoba
  -- Province of Mendoza
  -- Province of Buenos Aires
  -- City of Buenos Aires
  -- Province of Neuquen's secured amortizing notes.

These rating actions follow the upgrade of the Republic of
Argentina to 'B' from 'B-'.

"The upgrade of Argentina reflected improvements in the
government's financial profile because of lower debt levels and
diminished short-term liquidity pressures," noted Standard &
Poor's credit analyst Sebastian Briozzo.  "A strong economic
recovery in 2010--supported by favorable external conditions that
S&P expects to persist over the medium term--should ease rollover
risk." Despite the prevalence of a confrontational political and
economical approach that has increased polarization, S&P expects
that Argentina's GDP will increase by 7% in 2010 and 4.5% in 2011.

S&P raised the long-term global-scale ratings on the provinces of
Mendoza, Buenos Aires, and Cordoba as well as the City of Buenos
Aires to 'B' from 'B-' because of the close linkages--both in
terms of transfers of current revenues as well as financing--that
the sovereign provides to local governments in Argentina.

The upgrades of Banco Hipotecario, Banco Patagonia, and Caja de
Valores reflect the close linkage between the credit quality of
the sovereign and that of its financial system.  Argentina's
better financing profile and very favorable external conditions as
well as the healthier financial profile of both public- and
private-sector entities allowed a strong recovery in 2010.  In
addition, lending activity to the private sector has been
increasing significantly, asset quality has improved, and
capitalization levels have increased because of positive results
and capital injections.

S&P also raised the rating on the Province of Neuquen's secured
amortizing notes due 2014 to 'B' given the upgrade in S&P's
transfer and convertibility risk assessment.  This securitization
is a future flow transaction backed by oil royalties from three
selected areas located in the Province of Neuquen's basin.

S&P believes credit quality improvement for nonsovereign entities
depends on greater regulatory certainty and improvements of the
business climate for long-term investment.  In that context, the
rating upside for Argentine companies remains limited--both by the
institutional environment in the country and by the exposure of
certain companies and sectors to specific factors such as
regulatory uncertainty, discretional political interference, price
controls, and debt-revenue currency mismatch.


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


BLUMONT MAN: Creditors' Proofs of Debt Due on September 24
----------------------------------------------------------
The creditors of BluMont Man Multi-Strategy Series 5 Ltd are
required to file their proofs of debt by September 24, 2010, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on September 9, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


BLUMONT MAN: Members' Final Meeting Set for October 22
------------------------------------------------------
The members of BluMont Man Multi-Strategy Series 5 Ltd will hold
their final meeting, on October 22, 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 September 9, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


BLUMONT MAN: Creditors' Proofs of Debt Due on September 24
----------------------------------------------------------
The creditors of BluMont Man Multi-Strategy Ltd are required to
file their proofs of debt by September 24, 2010, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on September 9, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


BLUMONT MAN: Members' Final Meeting Set for October 22
------------------------------------------------------
The members of BluMont Man Multi-Strategy Ltd will hold their
final meeting, on October 22, 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 September 9, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


MAN INCREASED: Creditors' Proofs of Debt Due on September 24
------------------------------------------------------------
The creditors of Man Increased Leverage Trading Series 3 Ltd are
required to file their proofs of debt by September 24, 2010, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on September 9, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9
         Bermuda


MAN INCREASED: Members' Final Meeting Set for October 22
--------------------------------------------------------
The members of Man Increased Leverage Trading Series 3 Ltd will
hold their final meeting, on October 22, 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 September 9, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Argonaut Limited
         Argonaut House, 5 Park Road
         Hamilton HM O9


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


ALLIANZ HEDGE: Commences Wind-Up Proceedings
--------------------------------------------
At an extraordinary general meeting held on August 17, 2010, the
shareholder of Allianz Hedge Fund Partners (Cayman) LLC resolved
to voluntarily wind up the company's operations.

The company's liquidator is:

         Commerce Corporate Services Limited
         P.O. Box 694 Grand Cayman
         Cayman Islands
         Telephone: 949 8666
         Facsimile: 949 0626
         P.O. Box 694, Grand Cayman
         Cayman Islands
         Telephone: 949 8666
         Facsimile: 949 0626


BOUGAINVILLE LIMITED: Creditors' Proofs of Debt Due on October 13
-----------------------------------------------------------------
The creditors of Bougainville Limited are required to file their
proofs of debt by October 13, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on September 1, 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


FRANCIS INTERNATIONAL: Creditors' Proofs of Debt Due on October 12
------------------------------------------------------------------
The creditors of Francis International are required to file their
proofs of debt by October 12, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 30, 2010.

The company's liquidator is:

         Jeanette Duggan
         P.O. Box 30007, West Bay Road
         Grand Cayman KY1-1201
         Cayman Islands
         Telephone: +1 (345) 949 2648
         Facsimile: +1 (345) 949 8613


GARMARIN INVESTMENTS: Commences Wind-Up Proceedings
---------------------------------------------------
At an extraordinary general meeting held on August 17, 2010, the
shareholder of Garmarin Investments Ltd resolved to voluntarily
wind up the company's operations.

The company's liquidator is:

         Commerce Corporate Services Limited
         P.O. Box 694 Grand Cayman
         Cayman Islands
         Telephone: 949 8666
         Facsimile: 949 0626
         P.O. Box 694, Grand Cayman
         Cayman Islands
         Telephone: 949 8666
         Facsimile: 949 0626


GOLD ARROW: Creditors' Proofs of Debt Due on October 13
-------------------------------------------------------
The creditors of Gold Arrow Capital Management (Cayman), Ltd. are
required to file their proofs of debt by October 13, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on August 23, 2010.

The company's liquidator is:

         K. Beighton
         PO Box 493, Grand Cayman KY1-1106
         Cayman Islands
         c/o Robert Arthur
         Telephone: 345-815-2637
         Facsimile: 345-949-7164
         P.O. Box 493, Grand Cayman KY1-1106
         Cayman Islands
         Telephone: 345-949-4800
         Facsimile: 345-949-7164


GOLDENTREE LOAN: Creditors' Proofs of Debt Due on October 13
------------------------------------------------------------
The creditors of Goldentree Loan Opportunities II, Limited are
required to file their proofs of debt by October 13, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on September 1,
2010.

The company's liquidator is:

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


HALCORE FUNDING: Creditors' Proofs of Debt Due on October 4
-----------------------------------------------------------
The creditors of Halcore Funding Limited are required to file
their proofs of debt by October 4, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on August 5, 2010.

The company's liquidator is:

         Yaser A. Juma'a
         27th to 30th Floors, Ahmad Al-Jaber Street Sharq
         PO Box 28808, Safat 13149
         Kuwait


HAZELTINE LIMITED: Creditors' Proofs of Debt Due on October 13
--------------------------------------------------------------
The creditors of Hazeltine Limited are required to file their
proofs of debt by October 13, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 25, 2010.

The company's liquidator is:

         Royhaven Secretaries Limited
         c/o Julie Reynolds
         Telephone: 945 4777
         Facsimile: 945 4799
         P.O. Box 707, Grand Cayman KY1-1107


IVY SENTINEL: Creditors' Proofs of Debt Due on October 13
---------------------------------------------------------
The creditors of IVY Sentinel II Leveraged Feeder Fund, Ltd. are
required to file their proofs of debt by October 13, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on August 18, 2010.

The company's liquidator is:

         Walkers Fund Services Limited
         c/o Anthony Johnson
         Telephone: (345) 914-6314
         Walker House, 87 Mary Street
         George Town Grand Cayman KY1-9004
         Cayman Islands


NEKO LTD: Creditors' Proofs of Debt Due on October 13
-----------------------------------------------------
The creditors of Neko, Ltd. are required to file their proofs of
debt by October 13, 2010, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on August 31, 2010.

The company's liquidator is:

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


NOMC INSURANCE: Commences Liquidation Proceedings
-------------------------------------------------
On September 1, 2010, the sole shareholder of NOMC Insurance
Company, Ltd. resolved to voluntarily liquidate the company's
business.

The company's liquidators are:

         Kenneth M. Krys
         Margot MacInnis
         Krys & Associates Cayman Ltd.
         Governors Square, Building 6
         2nd Floor, 23 Lime Tree Bay Avenue
         PO Box 31237, Grand Cayman, KY1-1205
         Cayman Islands


PARMALAT CAPITAL: Appoints Varga as Third Liquidator
----------------------------------------------------
On July 21, 2010, the Grand Court of Cayman Islands appointed
Geoff Varga as the third liquidator of Parmalat Capital Finance
Limited.

The Liquidator can be reached at:

         G. James Cleaver
         PO Box 1102GT
         Building 3 Cayman Financial Centre, 4th Floor
         Dr Roy's Drive George Town, Grand Cayman KY1-1102
         Cayman Islands


RMB INTERNATIONAL: Creditors' Proofs of Debt Due on October 13
--------------------------------------------------------------
The creditors of RMB International Master Company (1) Limited are
required to file their proofs of debt by October 13, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on August 31, 2010.

The company's liquidator is:

         CDL Company Ltd.
         P.O. Box 31106, Grand Cayman KY1-1205
         Cayman Islands


RMB LEVERAGED: Creditors' Proofs of Debt Due on October 13
----------------------------------------------------------
The creditors of RMB Leveraged (Cayman) Limited are required to
file their proofs of debt by October 13, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on August 31, 2010.

The company's liquidator is:

         CDL Company Ltd.
         P.O. Box 31106, Grand Cayman KY1-1205
         Cayman Islands


SANDOVAL INVESTMENTS: Creditors' Proofs of Debt Due on October 13
-----------------------------------------------------------------
The creditors of Sandoval Investments Limited are required to file
their proofs of debt by October 13, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on August 24, 2010.

The company's liquidator is:

         Royhaven Secretaries Limited
         c/o Julie Reynolds
         Telephone: 945 4777
         Facsimile: 945 4799
         P.O. Box 707, Grand Cayman KY1-1107


TEEFF LIMITED: Creditors' Proofs of Debt Due on October 13
----------------------------------------------------------
The creditors of Teeff Limited are required to file their proofs
of debt by October 13, 2010, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on August 30, 2010.

The company's liquidator is:

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


TIRANE LTD: Commences Wind-Up Proceedings
-----------------------------------------
At an extraordinary general meeting held on August 17, 2010, the
shareholder of Tirane Ltd resolved to voluntarily wind up the
company's operations.

The company's liquidator is:

         Commerce Corporate Services Limited
         P.O. Box 694 Grand Cayman
         Cayman Islands
         Telephone: 949 8666
         Facsimile: 949 0626
         P.O. Box 694, Grand Cayman
         Cayman Islands
         Telephone: 949 8666
         Facsimile: 949 0626


TREATY OAK: Creditors' Proofs of Debt Due on October 13
-------------------------------------------------------
The creditors of Treaty Oak Ironwood, Ltd. are required to file
their proofs of debt by October 13, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on August 27, 2010.

The company's liquidators are:

         K.D. Blake
         PO Box 493, Grand Cayman KY1-1106
         Cayman Islands; and

         Robert Arthur
         Telephone: 345-815-2637
         Facsimile: 345-949-7164
         P.O. Box 493, Grand Cayman KY1-1106
         Cayman Islands


TUDOR GLOBAL: Creditors' Proofs of Debt Due on October 13
---------------------------------------------------------
The creditors of Tudor Global Emerging Markets Fund Ltd. are
required to file their proofs of debt by October 13, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on August 26, 2010.

The company's liquidator is:

         CDL Company Ltd.
         P.O. Box 31106, Grand Cayman KY1-1205
         Cayman  Islands


UCM GLOBAL: Creditors' Proofs of Debt Due on October 14
-------------------------------------------------------
The creditors of UCM Global Funding Ltd. are required to file
their proofs of debt by October 14, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on August 23, 2010.

The company's liquidators are:

         Glen Trenouth
         Rodney Graham
         Telephone: (345) 943 8800
         Facsimile: (345) 943 8801
         P.O. Box 31118, Grand Cayman KY1-1205
         Cayman Islands


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


F&J INDUSTRIA TEXTIL I: Shuts Down Operations
---------------------------------------------
Two textile companies, F&J Industria Textil I and II, closed their
doors in the La Vega Industrial Free Zone Park where around 1,500
workers lost their jobs, The Dominican Today reports, citing a
Free Zone Association statement.

According to the report, both firms, which have been operating for
more than five years.  The Free Zone Association also disclosed
that other companies will cease operations in the next few days
and will dismiss thousands of workers in that province.

The Free Zone Association, the report relates, said that
Proindustria ordered the closing after delays in rental payments
of the park's warehouses, and acknowledged that those and other
companies haven't been able to meet their production commitments
on waning orders.

Business group La Vega industrialists, the Dominican Today says,
call Proindustria's measure a persecution against those companies.
Proindustria's measure violates the country's Free Trade Agreement
with the United States, for which they requested a meeting with
President Leonel Fernandez to present the problems that threaten
the loss of thousands of jobs, it added, the report relates.


F&J INDUSTRIA TEXTIL II: Shuts Down Operations
----------------------------------------------
Two textile companies, F&J Industria Textil I and II, closed their
doors in the La Vega Industrial Free Zone Park where around 1,500
workers lost their jobs, The Dominican Today reports, citing a
Free Zone Association statement.

According to the report, both firms, which have been operating for
more than five years.  The Free Zone Association also disclosed
that other companies will cease operations in the next few days
and will dismiss thousands of workers in that province.

The Free Zone Association, the report relates, said that
Proindustria ordered the closing after delays in rental payments
of the park's warehouses, and acknowledged that those and other
companies haven't been able to meet their production commitments
on waning orders.

Business group La Vega industrialists, the Dominican Today says,
call Proindustria's measure a persecution against those companies.
Proindustria's measure violates the country's Free Trade Agreement
with the United States, for which they requested a meeting with
President Leonel Fernandez to present the problems that threaten
the loss of thousands of jobs, it added, the report relates.


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


* MEXICO: Moody's Gives Positive Outlook on Guerrero's Ba2 Rating
-----------------------------------------------------------------
Moody's de Mexico changed the outlook on the State of Guerrero's
A2.mx issuer rating (Mexico National Scale) to positive from
stable.  Moody's Investors Service changed the outlook on
Guerrero's Ba2 issuer rating (Global Scale, local currency) to
positive from stable.

                        Ratings Rationale

The outlook change reflects the strengthening of governance and
management practices, which have supported 1) the recording of
roughly balanced fiscal results in recent years, despite the
impact of the 2009 economic slowdown, 2) a stable, and low, debt
burden and 3) the maintenance of robust liquidity levels.

Following the recording of modest consolidated cash financing
requirements in 2006 and 2007, equivalent to -3.7% and -0.7% of
total revenues respectively, the state recorded cash financing
results equivalent to 3.1% in 2008 and -0.2% 2009.  Overall, the
rebalancing of fiscal results reflects austerity measures to
control expenditure growth and initiatives to strengthen own-
source revenue collection.  The recording of a roughly balanced
outcome in 2009 also reflects the state's success in actively
monitoring revenues in-year and adjusting expenditures
accordingly.

As a result of the recording of balanced fiscal outcomes, Guerrero
has maintained relatively low debt levels.  At the end of 2009,
net direct and indirect debt amounted to MXN 2.6 billion or 7.5%
of total revenues, a low level compared to peers.

The strengthening of management practices has also ensured the
maintenance of robust liquidity levels.  Net working capital,
measuring current assets minus current liabilities, amounted to
8.8% of total expenditures in 2009, a high level compared to
peers.  Liquidity of this magnitude constitutes a credit positive
as it provides the state with an internal cushion against
unforeseen shocks.

The ratings also take into account the impact of Guerrero's
narrow, and relatively poor, economic base, which constrains own-
source revenues, and credit risks related to high unfunded pension
liabilities.  According to a 2009 actuarial study, unfunded
pension liabilities stood at MXN35.2 billion, using a 3.0%
discount rate, which is equivalent to approximately 100% of 2009
revenues.  In order to address these obligations, the state is
reviewing a proposed reform bill that aims to curb the growth of
pension liabilities and place the system on a more stable
financial footing.

The positive outlook reflects the impact of above mentioned
fiscal, debt and liquidity trends and expectations regarding
pension reform.  An eventual decision to upgrade the ratings will
depend on the state's success in 1) maintaining positive trends in
fiscal, debt and liquidity metrics over the next 12 to 18 months
and 2) executing a reform of the state pension system, leading to
a reduction of unfunded pension liabilities and more proactive
long-term management of these obligations.

A failure to maintain recent positive financial trends over the
next 12 to 18 months, and to execute pension reform, would likely
lead to a revision of the outlook back to stable.

The last rating action with respect to the State of Guerrero was
taken on November 4, 2009 when issuer ratings of Ba2/A2.mx were
assigned.


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


DOE RUN PERU: Closure Leaves Local Economy Devastated
-----------------------------------------------------
More than 70% of the 3,500 people who were employed by Doe Run
Peru in the region of Junin have returned to their home towns or
have gone seeking work elsewhere, miningweekly.com reports, citing
El Comercio newspaper.

According to the report, El Comercio newspaper said that the
general economic activity in the city of La Oroya has all but
ground to a halt, with the market now closed and banks left empty.

As reported in the Troubled Company Reporter-Latin America on
July 29, 2010, Bloomberg News said that Doe Run Peru failed to
reopen its smelter by a government-set deadline of July 27, 2010.
A separate TCRLA report on July 27, 2010, related that Reuters
said Peru's mining ministry said that Doe Run Peru failed to
submit proof it has financial guarantees that will allow it to
reopen its sprawling metals smelter.  According to Reuters, the
Peruvian government gave Doe Run Peru until July 22, 2010, to
prove it has sufficient financing to restart its metals smelter,
and to submit signed agreements with its suppliers and creditors.
Bloomberg News said that Doe Run Peru filed for a government-
monitored financial restructuring because it was worried creditors
might try to freeze its assets or operations.  Reuters related
that Doe Run Peru owes some US$100 million to its suppliers and
needs to spend another US$150 million to clean up La Oroya.

Miningweekly.com notes El Comercio newspaper said that around 80%
of the 67,700 people living in the city engaged in economic
activity, but the percentage has dropped to less than 30% of the
32,000 people who remained.  As a result, the local municipality
has seen its income slashed 60%, El Comercio quotes Mayor Cesar
Gutierrez Revilla as saying, the report relates.

Without the smelter operating, the city has almost no earnings
"and there are hundreds of claims for welfare and social
compensation, so we have not any money left," El Comercio quoted a
city manager as saying, the report adds.

                         About Doe Run Peru

Doe Run Company operates an integrated primary lead operation and
a recycling operation located in Missouri, referred to as Buick
Resource Recycling.  Fabricated Products operates a lead
fabrication operation located in Arizona and a lead oxide business
located in Washington.  Doe Run Peru is a subsidiary of the
company.  Doe Run Peru operates a polymetallic smelter at La Oroya
and copper mine at Cobriza both in Peru.

                           *     *     *

As of June 21, 2010, the company continues to carry Moody's bank
financial strength rating at "D-" and Fitch Ratings' individual
rating at "D".


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


INDUSTRIES PUERTO RICO: NCUA Liquidates Firm
--------------------------------------------
Claude R. Marx at Credit Union Times reports that the NCUA
liquidated Industries Puerto Rico FCU due to "declining financial
condition."  The report relates that the Borinquen Community
Federal Credit Union purchased and assumed its assets, loans and
shares.

According to the Times, Industries Puerto Rico FCU, which has
US$3.6 million in assets, had a net worth ratio of -1.10%
according to its June 30 financial performance report.  That's a
decline from the 8.71% as of March 31, the Times relates.

The Times notes that Industries Puerto Rico FCU's return on
average assets ratio was -27.35% as of June 30, compared with
-12.35% as of March 31.  As of June 30, its delinquent loan ratio
was 2.34%, compared with 2.83% on March 31, the report adds.

Headquartered in Manati, Puerto Rico, Industries Puerto Rico FCU,
had 1,956 members and was chartered in 1975.


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


CL FINANCIAL: Senator Wants Ponzi Scheme Perpetrators Jailed
------------------------------------------------------------
Government Senator Patrick Watson said that Colonial Life
Insurance Company (Trinidad) Limited and its parent CL Financial
Limited, perpetrated an elaborate "Ponzi scheme" on thousands of
unsuspecting investors and the people responsible for it should be
jailed, Caribbean News Now reports.

According to the report, Senator Watson also acknowledged that
more than 10,000 CLICO investors will not get back 100% of the
principal amounts of money they invested in financial instruments
offered by CL Financial.  Instead, Senator Watson said, they will
receive about 65% of their original investments back over a period
of 20 years, the report relates.

The report, citing the Trinidad Express, notes that Senator Watson
said, "If I had my own way, they would be in jail.  It was an
elaborate Ponzi scheme that was inflicted on an unsuspecting
population."

Meanwhile, Caribbean News Now notes Senator Watson said that of
the measures to bring relief to CLICO investors, "It is going to
cost us money.  It has already cost you TT$7 billion and the debt
is TT$12 billion over 20 years."

Senator Watson, the report adds, said that an initial TT$1.3
billion has already been allocated for investors who will receive
TT$75,000 each, and another TT$1.8 billion will be put in place
for the amortization payments over 20 years as stated in the
2010/11 national budget.

                         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


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


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

Sept. 14, 2010
AMERICAN BANKRUPTCY INSTITUTE
    ABI/NYIC Golf and Tennis Fundraiser
       Maplewood Golf Club, Maplewood, N.J.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 20, 2010 (tentative)
AMERICAN BANKRUPTCY INSTITUTE
    Complex Financial Restructuring Program
       Fordham Law School, New York, N.Y.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 22-23, 2010 (tentative)
AMERICAN BANKRUPTCY INSTITUTE
    ABI/NYU Bankruptcy and Business Reorganization Workshop
       New York University School of Law, New York, N.Y.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Sept. 23-25, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Southwest Bankruptcy Conference
       Four Seasons Las Vegas, Las Vegas, Nev.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 1, 2010
AMERICAN BANKRUPTCY INSTITUTE
    ABI/UMKC Midwestern Bankruptcy Institute
       Kansas City Marriott Downtown, Kansas City, Kan.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 1, 2010
AMERICAN BANKRUPTCY INSTITUTE
    ABI/GULC "Views from the Bench"
       Georgetown University Law Center, Washington, D.C.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 6-8, 2010
TURNAROUND MANAGEMENT ASSOCIATION
    TMA Annual Convention
       JW Marriott Grande Lakes, Orlando, Florida
          Contact: http://www.turnaround.org/

Oct. 11, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Chicago Consumer Bankruptcy Conference
       Standard Club, Chicago, Ill.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 15, 2010
AMERICAN BANKRUPTCY INSTITUTE
    NCBJ/ABI Educational Program
       Hilton New Orleans Riverside, New Orleans, La.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 28, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Mid-Level Professional Development Program
       Weil, Gotshal & Manges LLP, New York, N.Y.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 29, 2010 (tentative)
AMERICAN BANKRUPTCY INSTITUTE
    International Insolvency Symposium
       The Savoy, London, England
          Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. __, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Delaware Views from the Bench and Bankruptcy Bar
       Hotel du Pont, Wilmington, Del.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 11, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Detroit Consumer Bankruptcy Conference
       Hyatt Regency Dearborn, Dearborn, Mich.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29, 2010
RENAISSANCE AMERICAN MANAGEMENT, INC. & BEARD GROUP, INC.
    17th Annual Distressed Investing Conference
       The Helmsley Park Lane Hotel, New York City
          Contact: 1-903-595-3800;
                   http://www.renaissanceamerican.com/

Dec. 9-11, 2010
AMERICAN BANKRUPTCY INSTITUTE
    Winter Leadership Conference
       Camelback Inn, a JW Marriott Resort & Spa,
       Scottsdale, Ariz.
          Contact: 1-703-739-0800; http://www.abiworld.org/

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

January 26-28, 2011
TURNAROUND MANAGEMENT ASSOCIATION
    TMA Distressed Investing Conference
       Aria Las Vegas
          Contact: http://www.turnaround.org/

Jan. 27-28, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Rocky Mountain Bankruptcy Conference
       Westin Tabor Center, Denver, Colo.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 3-5, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Caribbean Insolvency Symposium
       Westin Casuarina Resort & Spa, Grand Cayman Island
          Contact: 1-703-739-0800; http://www.abiworld.org/

Feb. 24-25, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Valcon
       Four Seasons Las Vegas, Las Vegas, Nev.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 4, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Bankruptcy Battleground West
       Hyatt Regency Century Plaza, Los Angeles, Calif.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 7-9, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Conrad Duberstein Moot Court Competition
       Duberstein U.S. Courthouse, New York, N.Y.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Nuts and Bolts - Florida
       Tampa, Fla.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 10-12, 2011
AMERICAN BANKRUPTCY INSTITUTE
    SUCL/ Alexander L. Paskay Seminar on
    Bankruptcy Law and Practice
       Marriott Tampa Waterside, Tampa, Fla.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Mar. 17-19, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Byrne Judicial Clerkship Institute
       Pepperdine University School of Law, Malibu, Calif.
          Contact: 1-703-739-0800; http://www.abiworld.org/

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

April 27-29, 2011
TURNAROUND MANAGEMENT ASSOCIATION
    TMA Spring Conference
       JW Marriott, Chicago, IL
          Contact: http://www.turnaround.org/

May 5, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Nuts and Bolts - New York City
       Association of the Bar of the City of New York,
       New York, N.Y.
          Contact: 1-703-739-0800; http://www.abiworld.org/

May 6, 2011
AMERICAN BANKRUPTCY INSTITUTE
    New York City Bankruptcy Conference
       Hilton New York, New York, N.Y.
          Contact: 1-703-739-0800; http://www.abiworld.org/

June 6, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Canadian-American Cross-Border Insolvency Symposium
       Fairmont Royal York, Toronto, Ont.
          Contact: 1-703-739-0800; http://www.abiworld.org/

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

July 21-24, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Northeast Bankruptcy Conference
       Hyatt Regency Newport, Newport, R.I.
          Contact: 1-703-739-0800; http://www.abiworld.org/

July 27-30, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Southeast Bankruptcy Workshop
       The Sanctuary at Kiawah Island, Kiawah Island, S.C.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 4-6, 2011
AMERICAN BANKRUPTCY INSTITUTE
    Mid-Atlantic Bankruptcy Workshop
       Hotel Hershey, Hershey, Pa.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 14, 2011
AMERICAN BANKRUPTCY INSTITUTE
    NCBJ/ABI Educational Program
       Tampa Convention Center, Tampa, Fla.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. __, 2011
AMERICAN BANKRUPTCY INSTITUTE
    International Insolvency Symposium
       Dublin, Ireland
          Contact: 1-703-739-0800; http://www.abiworld.org/

Oct. 25-27, 2011
TURNAROUND MANAGEMENT ASSOCIATION
    Hilton San Diego Bayfront, San Diego, CA
       Contact: http://www.turnaround.org/

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

Apr. 19-22, 2012
AMERICAN BANKRUPTCY INSTITUTE
    Annual Spring Meeting
       Gaylord National Resort & Convention Center,
       National Harbor, Md.
          Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2012
AMERICAN BANKRUPTCY INSTITUTE
    Southeast Bankruptcy Workshop
       The Ritz-Carlton Amelia Island, Amelia Island, Fla.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 2-4, 2012
AMERICAN BANKRUPTCY INSTITUTE
    Mid-Atlantic Bankruptcy Workshop
       Hyatt Regency Chesapeake Bay, Cambridge, Md.
          Contact: 1-703-739-0800; http://www.abiworld.org/

Nov. 29 - Dec. 2, 2012
AMERICAN BANKRUPTCY INSTITUTE
    Winter Leadership Conference
       JW Marriott Starr Pass Resort & Spa, Tucson, Ariz.
          Contact: 1-703-739-0800; http://www.abiworld.org/

The Meetings, Conferences and Seminars column appears in the
Troubled Company Reporter each Wednesday.  Submissions via
e-mail to conferences@bankrupt.com are encouraged.


                            ***********

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.


           * * * End of Transmission * * *