TCRLA_Public/101118.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, November 18, 2010, Vol. 11, No. 228

                            Headlines



A R G E N T I N A

BERONA SRL: Creditors' Proofs of Debt Due December 16
FRANQUICIAS ARGENTINAS: Creditors' Proofs of Debt Due December 29
MASTELLONE HERMANOS: S&P Assigns 'B-' Corporate Credit Rating
MIGUEL ANGEL: Creditors' Proofs of Debt Due December 20
NUEVOS CANALES: Creditors' Proofs of Debt Due December 20

SOLO EMPANADAS: Creditors' Proofs of Debt Due December 29


B E R M U D A

BROADMONT CAPITAL: Creditors' Proofs of Debt Due November 24
BROADMONT CAPITAL: Members' Final Meeting Set for December 14
MGAH BETA: Creditors' Proofs of Debt Due November 12
MGAH BETA: Members' Final Meeting Set for December 17
STARBOUND HOLDINGS: Creditors' Proofs of Debt Due November 24

STARBOUND HOLDINGS: Members' Final Meeting Set for December 14
DAGNAR INVESTMENT: Creditors' Proofs of Debt Due November 24
DAGNAR INVESTMENT: Members' Final Meeting Set for December 14
STARBOUND REINSURANCE: Creditors' Proofs of Debt Due November 24
STARBOUND REINSURANCE: Members' Final Meeting Set for December 14

STARBOUND REINSURANCE: Creditors' Proofs of Debt Due November 24
STARBOUND REINSURANCE: Members' Final Meeting Set for December 14


B R A Z I L

BANCO PANAMERICANO: Caixa Denies Plans to Unload or Hike Stake


C A Y M A N  I S L A N D S

ABACUS HOLDINGS: Creditors' Proofs of Debt Due November 29
AQUARIUS AVIATION: Commences Liquidation Proceedings
ASHWOOD LIMITED: Creditors' Proofs of Debt Due November 29
ASPECT MULTISTRATEGIES: Creditors' Proofs of Debt Due November 29
BENTEN MAC: Creditors' Proofs of Debt Due November 29

CAMPBELL MAC: Creditors' Proofs of Debt Due November 29
CAPITAL MAC: Creditors' Proofs of Debt Due November 29
CONQUEST CAPITAL: Creditors' Proofs of Debt Due December 3
CYBER-TECH INVESTMENTS: Creditors' Proofs of Debt Due November 29
EASTBOURNE INSURANCE: Creditors' Proofs of Debt Due December 9

GLIMMERGLASS NETWORKS: Creditors' Proofs of Debt Due December 12
GOLDEN FLOWER: Creditors' Proofs of Debt Due November 29
H4H ALTERNATIVE: Creditors' Proofs of Debt Due November 29
NOMAD ONE: Placed Under Voluntary Liquidation
PETROMIL LTD: Creditors' Proofs of Debt Due November 29

PIECE OF CAKE: Creditors' Proofs of Debt Due November 29
R.J.J. LIMITED: Creditors' Proofs of Debt Due November 29
SOLENT DISTRESSED: Creditors' Proofs of Debt Due November 30
SOLENT DISTRESSED: Creditors' Proofs of Debt Due November 30
VESTIS DIVERSIFIED: Creditors' Proofs of Debt Due November 29


D O M I N I C A N  R E P U B L I C

* DOMINICAN REP: Regulator Shuts Betting Parlors on Debts


M E X I C O

HIPOTECARIA SU: Makes MXN11.84 Million in Payments


X X X X X X X X

Upcoming Meetings, Conferences and Seminars


                            - - - - -


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A R G E N T I N A
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BERONA SRL: Creditors' Proofs of Debt Due December 16
-----------------------------------------------------
Hilda Rosa Fernandez, the court-appointed trustee for Berona SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until December 16, 2010.

Ms. Fernandez will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 11 in Buenos Aires, with the assistance of Clerk
No. 22, 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:

         Hilda Rosa Fernandez
         Av. Corrientes 676
         Argentina


FRANQUICIAS ARGENTINAS: Creditors' Proofs of Debt Due December 29
-----------------------------------------------------------------
Liliana Oliveros Peralta, the court-appointed trustee for
Franquicias Argentinas SA's bankruptcy proceedings, will be
verifying creditors' proofs of claim until December 29, 2010.

Ms. Peralta will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 10 in Buenos Aires, with the assistance of Clerk
No. 19, 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:

         Liliana Oliveros Peralta
         Viamonte 1337
         Argentina


MASTELLONE HERMANOS: S&P Assigns 'B-' Corporate Credit Rating
------------------------------------------------------------
Standard & Poor's Ratings Services said that it assigned its 'B-'
corporate credit rating to Argentine dairy producer Mastellone
Hermanos S.A.  The outlook is stable.  S&P is also assigning a
'B-' senior unsecured rating to the company's proposed $30 million
notes with bullet maturity in 30 months.

"The ratings on Mastellone reflect Standard & Poor's assessments
of the company's business risk profile as vulnerable and its
financial risk profile as highly leveraged," said Standard &
Poor's credit analyst Candela Macchi.

The ratings also reflect the exposure to the volatile,
competitive, and seasonal Argentine dairy industry; increasing
costs of raw milk; highly leveraged financial profile; and still-
high refinancing risk in 2013 (including the new issuance).  The
company is also exposed to foreign currency mismatch risks as most
of the cash generation is in Argentine pesos, while almost all
debt is denominated in U.S. dollars.  The company's leading
position in the industry, its extensive distribution network, and
strong brand recognition partially mitigate the negative factors.

Over the next two to three years, in a scenario of increased
inflation levels, gradual depreciation of the Argentine peso, and
no subsidies from the government to farmers, S&P expects
Mastellone to post an EBITDA margin of 5% to 6%, below the 9%
recorded in 2009.  S&P also expects Mastellone's EBIDTA interest
coverage and funds from operations-to-debt ratio to be between 2x
and 3x and 10% to 11%, respectively, in 2010 and 2011 (compared
with 2.9x and 30.8% in 2009).  Projected metrics consider the
restructuring in financial debt concluded in May 2010 (after which
debt is valued on a present value basis) and the proposed debt
issuance.

Mastellone is one of the leading companies engaged in processing
and distributing fresh dairy products in Argentina.  Its products
include fluid and powdered milk, which represented almost 65% of
total sales in 2009.  High value added products such as cream,
butter, cheese, and caramelized condensed milk accounted for 35%
of total sales in the same period.

S&P assess Mastellone's liquidity as adequate with a cash holding
of $23 million as of Sept. 30, 2010, and marginal debt maturities
of principal until 2011, after the restructuring concluded in May
2010.  Despite the still challenging conditions in the industry,
S&P expects Mastellone to post some positive free operating cash
flow in the next two years, partly as a result of low capital-
expenditure commitments.  In addition, the conditions of financial
debt limit dividend distributions.  The company's limited
financial flexibility and currency mismatches between revenues
denominated in pesos and debt service denominated in dollars
counterbalance these positive factors.

The stable outlook reflects S&P's expectations that Mastellone
will manage to improve cash flow generation to cope with the
increasing maturity schedule.  S&P may lower the ratings or revise
the outlook if there is EBITDA margin deterioration below 3%.  The
company's high leverage relative to its cash flow generation, and
the exposure to formal and informal government intervention in the
sector constrains rating upside.


MIGUEL ANGEL: Creditors' Proofs of Debt Due December 20
-------------------------------------------------------
Estudio Lopez Santiso, the court-appointed trustee for Miguel
Angel Gallego y Asoc. SA's reorganization proceedings, will be
verifying creditors' proofs of claim until December 20, 2010.

Mr. Santiso 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. 51, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

Creditors will vote to ratify the completed settlement plan during
the assembly on October 5, 2011.

The Trustee can be reached at:

         Estudio Lopez Santiso
         Alanis y Asociados
         Florida 234


NUEVOS CANALES: Creditors' Proofs of Debt Due December 20
---------------------------------------------------------
Alberto Hugo Somoza, the court-appointed trustee for Nuevos
Canales SA's bankruptcy proceedings, will be verifying creditors'
proofs of claim until December 20, 2010.

Mr. Somoza will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 11 in Buenos Aires, with the assistance of Clerk
No. 22, 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:

         Alberto Hugo Somoza
         Paraguay 436
         Argentina


SOLO EMPANADAS: Creditors' Proofs of Debt Due December 29
---------------------------------------------------------
Liliana Oliveros Peralta, the court-appointed trustee for Solo
Empanadas SA's bankruptcy proceedings, will be verifying
creditors' proofs of claim until December 29, 2010.

Ms. Peralta will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 10 in Buenos Aires, with the assistance of Clerk
No. 19, 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:

         Liliana Oliveros Peralta
         Viamonte 1337
         Argentina


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


BROADMONT CAPITAL: Creditors' Proofs of Debt Due November 24
------------------------------------------------------------
The creditors of Broadmont Capital 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 HM 11
         Bermuda


BROADMONT CAPITAL: Members' Final Meeting Set for December 14
-------------------------------------------------------------
The members of Broadmont Capital Limited will hold their final
meeting on December 14, 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 HM 11
         Bermuda


MGAH BETA: Creditors' Proofs of Debt Due November 12
----------------------------------------------------
The creditors of MGAH Beta Hedge Limited are required to file
their proofs of debt by November 12, 2010, to be included in the
company's dividend distribution.

The company's liquidator is:

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


MGAH BETA: Members' Final Meeting Set for December 17
-----------------------------------------------------
The members of MGAH Beta Hedge Limited will hold their final
meeting on December 17, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

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


STARBOUND HOLDINGS: Creditors' Proofs of Debt Due November 24
-------------------------------------------------------------
The creditors of Starbound Holdings 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 HM 11
         Bermuda


STARBOUND HOLDINGS: Members' Final Meeting Set for December 14
--------------------------------------------------------------
The members of Starbound Holdings Limited will hold their final
meeting on December 14, 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 HM 11
         Bermuda


DAGNAR INVESTMENT: Creditors' Proofs of Debt Due November 24
------------------------------------------------------------
The creditors of Dagnar Investment 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 8, 2010.

The company's liquidator is:

         Robin J. Mayor
         Clarendon House
         2 Church Street, Hamilton HM 11
         Bermuda


DAGNAR INVESTMENT: Members' Final Meeting Set for December 14
-------------------------------------------------------------
The members of Dagnar Investment Ltd. will hold their final
meeting on December 14, 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 HM 11
         Bermuda


STARBOUND REINSURANCE: Creditors' Proofs of Debt Due November 24
----------------------------------------------------------------
The creditors of Starbound Reinsurance 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 HM 11
         Bermuda


STARBOUND REINSURANCE: Members' Final Meeting Set for December 14
-----------------------------------------------------------------
The members of Starbound Reinsurance Limited will hold their final
meeting on December 14, 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 HM 11
         Bermuda


STARBOUND REINSURANCE: Creditors' Proofs of Debt Due November 24
----------------------------------------------------------------
The creditors of Starbound Reinsurance II 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 HM 11
         Bermuda


STARBOUND REINSURANCE: Members' Final Meeting Set for December 14
-----------------------------------------------------------------
The members of Starbound Reinsurance II Limited will hold their
final meeting on December 14, 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 HM 11
         Bermuda


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


BANCO PANAMERICANO: Caixa Denies Plans to Unload or Hike Stake
--------------------------------------------------------------
Caixa Economica Federal has no plans to either sell its minority
stake in Brazil's Banco Panamericano SA or to take control of the
bank, Matthew Cowley at Dow Jones Newswires reports, citing the
Estado news agency.  Nor has the bank's main shareholder, Grupo
Silvio Santos, said it has any interested parties or is
negotiating the sale of its stake in the bank, said the president
of Caixa, Maria Fernanda Coelho, in an interview with Estado, Dow
Jones relates.

Caixa owns 49% of Banco Panamericano's shares, while Grupo Silvio
Santos owns the controlling 51%.  According to the report, Grupo
Silvio Santos took sole responsibility for filling the hole in
Panamericano's balance sheet which was left by "accounting
inconsistencies" which the Central Bank had discovered at
Panamericano in September.  The group secured a loan for BRL2.5
billion Brazilian (US$1.5 billion) from Brazil's Credit Guarantee
Fund to cover the losses, the report notes.

Mr. Coelho, the report notes, is set to take over as the chair of
Banco Panmericano's board of directors on November 26, as part of
a management shake-up in the wake of last week's bailout, but work
has already started.

                   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 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.

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
==========================


ABACUS HOLDINGS: Creditors' Proofs of Debt Due November 29
----------------------------------------------------------
The creditors of Abacus Holdings 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


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

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

         Rachel Lister
         c/o Maples and Calder
         Attorneys-at-law
         PO Box 309, Ugland House
         Grand Cayman Ky1-1104
         Cayman Islands


ASHWOOD LIMITED: Creditors' Proofs of Debt Due November 29
----------------------------------------------------------
The creditors of Ashwood 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


ASPECT MULTISTRATEGIES: Creditors' Proofs of Debt Due November 29
-----------------------------------------------------------------
The creditors of Aspect Multistrategies MAC 23 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 27, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Citco Trustees (Cayman) Limited
         P.O. Box 31106, Grand Cayman KY1-1205
         Cayman Islands


BENTEN MAC: Creditors' Proofs of Debt Due November 29
-----------------------------------------------------
The creditors of Benten MAC 20 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 27, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Citco Trustees (Cayman) Limited
         P.O. Box 31106, Grand Cayman KY1-1205
         Cayman Islands


CAMPBELL MAC: Creditors' Proofs of Debt Due November 29
-------------------------------------------------------
The creditors of Campbell MAC 2 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 27, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Citco Trustees (Cayman) Limited
         P.O. Box 31106, Grand Cayman KY1-1205
         Cayman Islands


CAPITAL MAC: Creditors' Proofs of Debt Due November 29
-------------------------------------------------------
The creditors of Capital Mac 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 liquidation proceedings on October 27, 2010.

The company's liquidator is:

         Beverly Mathias
         c/o Citco Trustees (Cayman) Limited
         P.O. Box 31106, Grand Cayman KY1-1205
         Cayman Islands


CONQUEST CAPITAL: Creditors' Proofs of Debt Due December 3
----------------------------------------------------------
The creditors of Conquest Capital Ltd. are required to file their
proofs of debt by December 3, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on October 28, 2010.

The company's liquidators are:

         E. Andrew Hersant
         Christopher Humphries
         c/o Stuarts Walker Hersant
         Telephone: (345) 949 3344
         Facsimile: (345) 949 2888
         P.O. Box 2510, Grand Cayman KY1-1104
         Cayman Islands


CYBER-TECH INVESTMENTS: Creditors' Proofs of Debt Due November 29
-----------------------------------------------------------------
The creditors of Cyber-Tech 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:

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


EASTBOURNE INSURANCE: Creditors' Proofs of Debt Due December 9
--------------------------------------------------------------
The creditors of Eastbourne Insurance Company Limited are required
to file their proofs of debt by December 9, 2010, to be included
in the company's dividend distribution.

The company commenced liquidation proceedings on October 18, 2010.

The company's liquidator is:

         Ian Stokoe
         c/o Sarah Moxam
         Telephone: (345) 914 8634
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


GLIMMERGLASS NETWORKS: Creditors' Proofs of Debt Due December 12
----------------------------------------------------------------
The creditors of Glimmerglass Networks (Cayman) Ltd. are required
to file their proofs of debt by December 12, 2010, to be included
in the company's dividend distribution.

The company commenced liquidation proceedings on October 25, 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


GOLDEN FLOWER: Creditors' Proofs of Debt Due November 29
--------------------------------------------------------
The creditors of Golden Flower 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


H4H ALTERNATIVE: Creditors' Proofs of Debt Due November 29
----------------------------------------------------------
The creditors of H4H Alternative SPC 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 28, 2010.

The company's liquidator is:

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


NOMAD ONE: Placed Under Voluntary Liquidation
---------------------------------------------
Nomad One Limited commenced liquidation proceedings on October 18,
2010.

The company's liquidator is:

         Mourant Ozannes Cayman Liquidators Limited
         Harbour Centre
         42 North Church Street, George Town
         P.O. Box 1348, Grand Cayman KY1-1108
         Cayman Islands


PETROMIL LTD: Creditors' Proofs of Debt Due November 29
-------------------------------------------------------
The creditors of Petromil 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 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


PIECE OF CAKE: Creditors' Proofs of Debt Due November 29
--------------------------------------------------------
The creditors of Piece of Cake 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


R.J.J. LIMITED: Creditors' Proofs of Debt Due November 29
---------------------------------------------------------
The creditors of R.J.J. 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


SOLENT DISTRESSED: Creditors' Proofs of Debt Due November 30
------------------------------------------------------------
The creditors of Solent Distressed Credit Fund are required to
file their proofs of debt by November 30, 2010, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on October 25, 2010.

The company's liquidator is:

         Hugh Dickson
         c/o Prudence Pryce
         P.O. Box 1370, Grand Cayman KY1- 1108
         Cayman Islands
         Telephone: (345) 815 8240
         Facsimile: (345) 949 7120


SOLENT DISTRESSED: Creditors' Proofs of Debt Due November 30
------------------------------------------------------------
The creditors of Solent Distressed Credit Master Fund are required
to file their proofs of debt by November 30, 2010, to be included
in the company's dividend distribution.

The company commenced liquidation proceedings on October 25, 2010.

The company's liquidator is:

         Hugh Dickson
         c/o Prudence Pryce
         P.O. Box 1370, Grand Cayman KY1- 1108
         Cayman Islands
         Telephone: (345) 815 8240
         Facsimile: (345) 949 7120


VESTIS DIVERSIFIED: Creditors' Proofs of Debt Due November 29
-------------------------------------------------------------
The creditors of Vestis Diversified International 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 26, 2010.

The company's liquidator is:

         Admiral Administration Ltd.
         Admiral Financial Center
         90 Fort Street
         PO Box 32021 Grand Cayman KY1-1208
         Cayman Islands


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D O M I N I C A N  R E P U B L I C
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* DOMINICAN REP: Regulator Shuts Betting Parlors on Debts
---------------------------------------------------------
The Internal Taxes Agency shuttered thousands of betting and
lottery parlors around the country for failing to abide by Norm
07-2010 on retentions for paid prizes, The Dominican Today
reports.

According to the report, Interim DGII Director Germania Montas
said since October all 27 major owners of parlors have been
notified that they have failed to comply and have been warning by
giving them a five-day deadline, or face permanent closing.

"These penalization processes are in addition to the other
accessory sanctions, such as the suspension of the operating
license as the Tributary Code stipulates," the report quoted Mr.
Montas as saying.

Deadline to make the first payment expired Wednesday, according to
Norm 07-2010 on retention for prizes in casinos, lottery games and
sports betting parlors, he added.

                           *     *     *

As of October 20, 2010, the country continues to carry Moody's B2
country ceiling long-term foreign bank deposit rating and Ba2
country ceiling long-term foreign currency debt rating.  The
country also continues to carry Fitch's B long-term issuer default
rating.


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


HIPOTECARIA SU: Makes MXN11.84 Million in Payments
--------------------------------------------------
Hipotecaria Su Casita, which is in default on various debt
instruments, said it made MXN11.84 million (US$950,000) in overdue
interest payments on its CASITA 06 notes, Amy Guthrie at Dow Jones
Newswires reports.  The report relates that in a statement with
the Mexican Stock Exchange, Su Casita said the payments correspond
to a MXN5.47 million coupon payment that was due October 14 and a
MXN6.37 million coupon payment that was due November 11.

According to the report, the company said on Oct. 20 that it had
reached a standstill agreement with the majority of its
bondholders under which the creditors promised not to initiate
legal proceedings for 30 days against the company.

Su Casita, the report notes, said that it decided to make the
delinquent interest payments on its CASITA 06 notes as a result of
the standstill agreement, and that the payments have been
deposited with the Bank of New York, which represents the 06
bondholders.

                       About Hipotecaria Su

Hipotecaria Su Casita SA, based in Mexico City, Mexico, started
operations in 1994 as a non-bank financial institution/Sofol
Mortgage Company.  Su Casita's main activity consists of extending
mortgage loans financed by monies from SHF to low income
individuals -- an important role in the low-income housing market,
as there is no rental market in Mexico.  As of September 30, 2008,
the company reported total assets of approximately US$39,078
million Mexican pesos, and MXN3.080 billion in equity.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
October 13, 2010 Moody's Investors Service downgraded Hipotecaria
Su Casita, S.A. de C.V.'s senior unsecured debt rating to Ca from
Caa2, global scale local currency issuer rating to Ca from Caa2
(national scale issuer rating to Ca.mx from Caa2.mx) and long-term
corporate family rating to Ca from Caa2.  The ratings remain on
review for possible further downgrade.


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


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

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/

                            ***********

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.



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