TCRLA_Public/101117.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

          Wednesday, November 17, 2010, Vol. 11, No. 227

                            Headlines



A R G E N T I N A

* ARGENTINA: Paris Club Agrees to Negotiate Country's Debt


B E R M U D A

CLN RECOVERY: Creditors' Proofs of Debt Due December 7
CLN RECOVERY: Members' Final Meeting Set for December 14
GLOBAL CROSSING: US$150-Mil. Sr. Notes to Have Issue Price of 100%
N C (BERMUDA): Creditors' Proofs of Debt Due November 24
N C (BERMUDA): Members' Final Meeting Set for December 15

N M ROTHSCHILD: Creditors' Proofs of Debt Due November 24
N M ROTHSCHILD: Members' Final Meeting Set for December 15
SPECTRUM RUSSIA: Creditors' Proofs of Debt Due December 7
SPECTRUM RUSSIA: Members' Final Meeting Set for December 14
TWINWOOD TRANSPORTATION: Creditors' Proofs of Debt Due November 24

TWINWOOD TRANSPORTATION: Members' Final Meeting Set for Dec. 15
UNION PACIFIC: Court to Hear Wind-Up Petition on November 26


B R A Z I L

BANCO PANAMERICANO: Five Brazil Banks Interested in Firm


C A Y M A N  I S L A N D S

336251 LIMITED: Creditors' Proofs of Debt Due December 8
ANTHRACITE BALANCED: Creditors' Proofs of Debt Due December 9
COSAK LIMITED: Creditors' Proofs of Debt Due December 8
DYNASTY ASSETS: Creditors' Proofs of Debt Due December 8
GLOBAL FINANCIALS: Creditors' Proofs of Debt Due December 8

GYRFALCON OFFSHORE: Creditors' Proofs of Debt Due December 8
ISLAND BROOK: Creditors' Proofs of Debt Due December 6
OWWI LIMITED: Commences Liquidation Proceedings
PAMAJO LIMITED: Creditors' Proofs of Debt Due November 30
QT INVESTMENTS: Creditors' Proofs of Debt Due November 29

RASMALA GLOBAL: Creditors' Proofs of Debt Due November 29
RASMALA GLOBAL: Creditors' Proofs of Debt Due November 29
ROCKBAY CAPITAL: Creditors' Proofs of Debt Due December 8
SEASONS AGGRESSIVE: Creditors' Proofs of Debt Due November 29
SEASONS CORE: Creditors' Proofs of Debt Due November 29

SEASONS LEVERAGED: Creditors' Proofs of Debt Due November 29
SEASONS PINNACLE: Creditors' Proofs of Debt Due November 29
TORTOISE LIMITED: Creditors' Proofs of Debt Due November 29
TREMUDE LIMITED: Creditors' Proofs of Debt Due November 30
WINDERMERE MORTGAGE: Creditors' Proofs of Debt Due December 8


P U E R T O  R I C O

JOSE FRANCO: Has Until November 29 to File Chapter 11 Plan


T U R K S  & C A I C O S

TURKS AND CAICOS SPORTING CLUB: In Receivership




                            - - - - -


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


* ARGENTINA: Paris Club Agrees to Negotiate Country's Debt
----------------------------------------------------------
Taos Turner at Dow Jones Newswires reports Argentine President
Cristina Fernandez said that the Paris Club group of lender
nations has agreed to negotiate the South American country's debt
without any kind of intervention from the International Monetary
Fund.

According to the report, Argentina owes about US$7.5 billion to
developed countries grouped together in the club, which include
the U.S., Germany and Japan, among others.  Argentina, the report
notes, owes about 90% of its Paris Club debt to Germany, Italy,
Japan, U.S. and the Netherlands, all of which have important
international financing agencies.  Many are prevented from
extending guarantees or loans for projects in countries that are
in arrears on debt payments, the report says.

"God willing, next year we'll be able to definitively end our
default with the Paris Club," the report quoted President
Fernandez as saying.

The report notes that for years, Argentina's government has sought
ways to pay its debt to the Paris Club without having the IMF as
an intermediary.

Dow ones relates President Fernandez's announcement means that the
Paris Club has decided to bend its rules. Previously, those rules
required Argentina to pay its debt in one fell swoop or to
restructure it by securing a loan program with the IMF, Dow Jones
says.

The report adds that settling the debt could reopen Argentina's
access to funding from the export credit agencies of Paris Club
members.  Much of that funding has been unavailable since
Argentina defaulted on around US$100 billion in 2001, Dow Jones
discloses.

                           *     *     *

As of July 2, 2010, the Argentina republic continues to carry
Moody's "Caa1" country ceiling long-term foreign bank deposit
rating and "B2" country ceiling long-term currency debt ratings.
The company also continues to carry Standard and Poor's "B-"
currency long-term debt ratings and "C" currency ST debt ratings.


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


CLN RECOVERY: Creditors' Proofs of Debt Due December 7
------------------------------------------------------
The creditors of CLN Recovery Ltd. are required to file their
proofs of debt by December 7, 2010, to be included in the
company's dividend distribution.

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

The company's liquidator is:

         Nicholas Hoskins
         Victoria Place, 31 Victoria Street
         Hamilton HM 10
         Bermuda


CLN RECOVERY: Members' Final Meeting Set for December 14
--------------------------------------------------------
The members of CLN Recovery Ltd. will hold their final meeting on
December 14, 2010, at 10:00 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 November 9, 2010.

The company's liquidator is:

         Nicholas Hoskins
         Victoria Place, 31 Victoria Street
         Hamilton HM 10
         Bermuda


GLOBAL CROSSING: US$150-Mil. Sr. Notes to Have Issue Price of 100%
------------------------------------------------------------------
Global Crossing Limited said it intends to offer US$150 million of
its senior notes due 2019 in a private placement to qualified
institutional buyers in accordance with Rule 144A and Regulation S
under the Securities Act of 1933, as amended.  The purpose of the
offering is to refinance Global Crossing Limited's 5% convertible
senior notes due 2011 and to pay related premium, fees and
expenses.

Global Crossing in another statement said it priced a private
placement of US$150 million in aggregate principal amount of its
9% senior unsecured notes due 2019 at an issue price of 100%.  The
senior unsecured notes will be sold to qualified institutional
buyers in accordance with Rule 144A and Regulation S under the
Securities Act of 1933, as amended.

The offering is expected to settle on November 16, 2010, subject
to customary closing conditions.  Global Crossing intends to use
the proceeds of the offering to refinance its 5% convertible
senior notes due 2011 and to pay related premium, fees and
expenses.

The Company said the senior notes have not been registered under
the Securities Act and may not be offered or sold in the United
States absent registration or an applicable exemption from
registration requirements.

                        About Global Crossing

Based in Hamilton, Bermuda, Global Crossing Limited (NASDAQ: GLBC)
is a global IP and Ethernet solutions provider with the world's
first integrated global IP-based network.  The company offers a
full range of data, voice and collaboration services with an
industry leading customer experience and delivers service to
approximately 40% of the Fortune 500, as well as to 700 carriers,
mobile operators and ISPs.  It delivers converged IP services to
more than 700 cities in more than 70 countries around the world.

                           *     *     *

As reported by the Troubled Company Reporter on March 31, 2010,
Standard & Poor's Ratings Services raised all its ratings on
Global Crossing, including the corporate credit rating to 'B' from
'B-'.  The outlook is stable.

Standard & Poor's Ratings Services said it assigned its 'CCC+'
issue-level rating and '6' recovery rating to Bermuda-based Global
Crossing Ltd.'s proposed $150 million of senior unsecured notes
due 2019.  The '6' recovery rating indicates S&P's expectation for
negligible (0%-10%) recovery in the event of a payment default.


N C (BERMUDA): Creditors' Proofs of Debt Due November 24
--------------------------------------------------------
The creditors of N C (Bermuda) Limited are required to file their
proofs of debt by November 24, 2010, to be included in the
company's dividend distribution.

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

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM11
         Bermuda


N C (BERMUDA): Members' Final Meeting Set for December 15
---------------------------------------------------------
The members of N C (Bermuda) Limited will hold their final meeting
on December 15, 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 November 4, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM11
         Bermuda


N M ROTHSCHILD: Creditors' Proofs of Debt Due November 24
---------------------------------------------------------
The creditors of N M Rothschild Services (Bermuda) Limited are
required to file their proofs of debt by November 24, 2010, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on November 8, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM11
         Bermuda


N M ROTHSCHILD: Members' Final Meeting Set for December 15
----------------------------------------------------------
The members of N M Rothschild Services (Bermuda) Limited will hold
their final meeting on December 15, 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 November 8, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM11
         Bermuda


SPECTRUM RUSSIA: Creditors' Proofs of Debt Due December 7
---------------------------------------------------------
The creditors of Spectrum Russia Absolute Return Fund Limited are
required to file their proofs of debt by December 7, 2010, to be
included in the company's dividend distribution.

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

The company's liquidator is:

         Nicholas Hoskins
         Victoria Place, 31 Victoria Street
         Hamilton HM 10
         Bermuda


SPECTRUM RUSSIA: Members' Final Meeting Set for December 14
-----------------------------------------------------------
The members of Spectrum Russia Absolute Return Fund Limited will
hold their final meeting on December 14, 2010, at 10:00 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 November 9, 2010.

The company's liquidator is:

         Nicholas Hoskins
         Victoria Place, 31 Victoria Street
         Hamilton HM 10
         Bermuda


TWINWOOD TRANSPORTATION: Creditors' Proofs of Debt Due November 24
------------------------------------------------------------------
The creditors of Twinwood Transportation Ltd. are required to file
their proofs of debt by November 24, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 5, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM11
         Bermuda


TWINWOOD TRANSPORTATION: Members' Final Meeting Set for Dec. 15
---------------------------------------------------------------
The members of Twinwood Transportation Ltd. will hold their final
meeting on December 15, 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 November 5, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House, 2 Church Street
         Hamilton HM11
         Bermuda


UNION PACIFIC: Court to Hear Wind-Up Petition on November 26
------------------------------------------------------------
A petition to wind up the operations of Union Pacific Reinsurance
& General Co. Ltd. will be heard before the Supreme Court of
Bermuda on November 26, 2010, at 9:30 a.m.

The Bermuda Monetary Authority filed the petition on November 3,
2010.


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


BANCO PANAMERICANO: Five Brazil Banks Interested in Firm
--------------------------------------------------------
Reuters reports at least five Brazilian banks are interested in
buying a stake in mid-size consumer lender Panamericano SA, days
after the bank received an emergency cash injection to plug
"accounting inconsistencies."

As reported in the Troubled Company Reporter-Latin America on
November 12, 2010, Bloomberg News said that Banco Panamericano SA
could have been liquidated or subjected to a central bank
intervention to sell its assets if its controller had not tapped
BRL2.5 billion from Brazil's deposit insurance fund to rescue the
bank.  According to the report, Mr. Ferreira said that talks to
rescue Panamericano started Oct. 11 and were conducted by
Brazilian media mogul Silvio Santos, who controls the bank.

O Estado de S. Paulo newspaper said that the banks would seek to
buy the stake held by shareholder Grupo Silvio Santos.  The report
relates that the newspaper, which cited a source familiar with the
situation, did not say which banks were interested.  Grupo Silvio
Santos will need to sell its stake in the bank to repay the loan
from the guarantee fund, Estado reported, the report notes.

The group owns about 49% of PanAmericano's capital.

Reuters says that the central bank in recent weeks detected signs
of accounting irregularities that were used to inflate the value
of Panamericano's assets.  But it said the bank's situation was
not a sign of broader problems in the country's financial system,
the report notes.

                      About Banco Panamericano

Banco Panamericano SA attracts deposits and offers commercial
banking services.  The Bank offers loans, personal credit,
investments, credit cards, and lease financing.  Banco
Panamericano operates throughout Brazil.

                           *     *     *

As of July 27, 2010, the company continues to carry Moody's "Ba2"
long-term rating, foreign currency long-term debt rating, and
long-term bank deposits ratings.


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


336251 LIMITED: Creditors' Proofs of Debt Due December 8
--------------------------------------------------------
The creditors of 336251 Limited are required to file their proofs
of debt by December 8, 2010, to be included in the company's
dividend distribution.

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

The company's liquidator is:

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


ANTHRACITE BALANCED: Creditors' Proofs of Debt Due December 9
-------------------------------------------------------------
The creditors of Anthracite Balanced Company (IR-24) Limited are
required to file their proofs of debt by December 9, 2010, to be
included in the company's dividend distribution.

The company's liquidator is:

         Ian Stokoe
         c/o Aaron Gardner
         Telephone: (345) 914 8655
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


COSAK LIMITED: Creditors' Proofs of Debt Due December 8
-------------------------------------------------------
The creditors of Cosak Limited are required to file their proofs
of debt by December 8, 2010, to be included in the company's
dividend distribution.

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

The company's liquidator is:

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


DYNASTY ASSETS: Creditors' Proofs of Debt Due December 8
--------------------------------------------------------
The creditors of Dynasty Assets (Holdings) Limited are required to
file their proofs of debt by December 8, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on October 27, 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


GLOBAL FINANCIALS: Creditors' Proofs of Debt Due December 8
-----------------------------------------------------------
The creditors of Global Financials (General Partner) Inc. are
required to file their proofs of debt by December 8, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on October 19, 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


GYRFALCON OFFSHORE: Creditors' Proofs of Debt Due December 8
------------------------------------------------------------
The creditors of Gyrfalcon Offshore Fund Ltd are required to file
their proofs of debt by December 8, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 18, 2010.

The company's liquidator is:

         DMS Corporate Services Ltd.
         c/o Bernadette Bailey-Lewis
         Telephone: (345) 946 7665
         Facsimile: (345) 946 7666
         dms Corporate Services Ltd.
         dms House, 2nd Floor
         P.O. Box 1344, Grand Cayman KY1-1108
         Cayman Islands



ISLAND BROOK: Creditors' Proofs of Debt Due December 6
------------------------------------------------------
The creditors of Island Brook Offshore Fund, Ltd. are required to
file their proofs of debt by December 6, 2010, to be included in
the company's dividend distribution.

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

The company's liquidator is:

         Richard Finlay
         c/o Tania Dons
         Telephone: (345) 814 7766
         Facsimile: (345) 945 3902
         P.O. Box 2681, Grand Cayman KY1-1111
         Cayman Islands


OWWI LIMITED: Commences Liquidation Proceedings
-----------------------------------------------
At an extraordinary meeting held on October 18, 2010, the members
of OWWI Limited resolved to voluntarily liquidate the company's
business.

The company's liquidator is:

         Wong Man Chung Francis
         c/o Maples and Calder
         Attorneys-at-law
         PO Box 309, Ugland House
         Grand Cayman KY1-1104
         Cayman Islands


PAMAJO LIMITED: Creditors' Proofs of Debt Due November 30
---------------------------------------------------------
The creditors of Pamajo Limited are required to file their proofs
of debt by November 30, 2010, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on October 22, 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


QT INVESTMENTS: Creditors' Proofs of Debt Due November 29
---------------------------------------------------------
The creditors of QT Investments Limited are required to file their
proofs of debt by November 29, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on October 1, 2010.

The company's liquidator is:

         Rose Ferguson
         Telephone: (345) 949-0355
         Facsimile: (345) 949-0360
         P.O. Box 1170, Grand Cayman KY1-1102
         Cayman Islands


RASMALA GLOBAL: Creditors' Proofs of Debt Due November 29
---------------------------------------------------------
The creditors of Rasmala Global Real Estate Opportunity Fund Ltd.
are required to file their proofs of debt by November 29, 2010, to
be included in the company's dividend distribution.

The company commenced liquidation proceedings on October 14, 2010.

The company's liquidator is:

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


RASMALA GLOBAL: Creditors' Proofs of Debt Due November 29
---------------------------------------------------------
The creditors of Rasmala Global Real Estate Opportunity Ltd. are
required to file their proofs of debt by November 29, 2010, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on October 14, 2010.

The company's liquidator is:

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


ROCKBAY CAPITAL: Creditors' Proofs of Debt Due December 8
---------------------------------------------------------
The creditors of Rockbay Capital Commitment Offshore Fund, Ltd.
are required to file their proofs of debt by December 8, 2010, to
be included in the company's dividend distribution.

The company commenced liquidation proceedings on October 23, 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


SEASONS AGGRESSIVE: Creditors' Proofs of Debt Due November 29
-------------------------------------------------------------
The creditors of Seasons Aggressive Fund, Ltd. are required to
file their proofs of debt by November 29, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on October 19, 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


SEASONS CORE: Creditors' Proofs of Debt Due November 29
-------------------------------------------------------
The creditors of Seasons Core Fund, Ltd. are required to file
their proofs of debt by November 29, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 19, 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


SEASONS LEVERAGED: Creditors' Proofs of Debt Due November 29
------------------------------------------------------------
The creditors of Seasons Leveraged Core Fund, Ltd. are required to
file their proofs of debt by November 29, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on October 19, 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


SEASONS PINNACLE: Creditors' Proofs of Debt Due November 29
-----------------------------------------------------------
The creditors of Seasons Pinnacle Fund, Ltd. are required to file
their proofs of debt by November 29, 2010, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on October 19, 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


TORTOISE LIMITED: Creditors' Proofs of Debt Due November 29
-----------------------------------------------------------
The creditors of Tortoise Limited are required to file their
proofs of debt by November 29, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on October 1, 2010.

The company's liquidator is:

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


TREMUDE LIMITED: Creditors' Proofs of Debt Due November 30
----------------------------------------------------------
The creditors of Tremude Limited are required to file their proofs
of debt by November 30, 2010, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on October 26, 2010.

The company's liquidator is:

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


WINDERMERE MORTGAGE: Creditors' Proofs of Debt Due December 8
-------------------------------------------------------------
The creditors of Windermere Mortgage Offshore Ltd. are required to
file their proofs of debt by December 8, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on October 25, 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


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


JOSE FRANCO: Has Until November 29 to File Chapter 11 Plan
----------------------------------------------------------
The Hon. Brian K. Tester of the U.S. Bankruptcy Court for the
District of Puerto Rico directed Jose Manuel Colon Franco to file
a proposed Chapter Plan and an explanatory Disclosure Statement
until November 29, 2010.

Caguas, Puerto-Rico-based Jose Manuel Colon Franco, aka Cheo Colon
Franco, fdba Garaje Colon Hijo; and Ramona Arroyo Ramos, aka Monin
Arroyo, filed for Chapter 11 bankruptcy protection on June 14,
2010 (Bankr. D.P.R. Case No. 10-05189).  The Company estimated its
assets and debts at $10 million to $50 million.



========================
T U R K S  & C A I C O S
========================


TURKS AND CAICOS SPORTING CLUB: In Receivership
-----------------------------------------------
Turks and Caicos Sporting Club on the private island of Ambergris
Cay has been placed into receivership, Turks & Caicos Sun reports.
The report relates that the receiver will be appointed by British
Caribbean Bank.

According to the report, the upscale development on the 1,100-acre
private equity island offered home sites selling between
US$650,000 and US$6.5 million.


                            ***********

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. Agravante, 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 * * *