TCRLA_Public/101130.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

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

           Tuesday, November 30, 2010, Vol. 11, No. 236

                            Headlines


B E R M U D A

GANDAR INVESTMENT: Creditors' Proofs of Debt Due December 1
GANDAR INVESTMENT: Members' Final Meeting Set for December 21
LSF II: Creditors' Proofs of Debt Due December 1
LSF II: Members' Final Meeting Set for December 22
MAN GLENWOOD: Creditors' Proofs of Debt Due December 1

MAN GLENWOOD: Members' Final Meeting Set for December 20
MAN LEUMI: Creditors' Proofs of Debt Due December 1
MAN LEUMI: Members' Final Meeting Set for December 22
TIMICUAN REINSURANCE: Creditors' Proofs of Debt Due December 1
TIMICUAN REINSURANCE: Members' Final Meeting Set for December 22


B R A Z I L

BANCO PANAMERICANO: Funds Diverted From Bank, Central Bank Says


C A Y M A N  I S L A N D S

ALFA CAPITAL: Shareholder to Hear Wind-Up Report on December 8
AGRIFIRMA LIMITED: Shareholders' Final Meeting Set for December 17
BEAUGAN VILLA: Shareholders' Final Meeting Set for December 20
BONWAFU DEAL: Shareholders' Final Meeting Set for December 10
BONWAFU DEAL: Shareholders' Final Meeting Set for December 10

BT BEN: Shareholders' Final Meeting Set for December 10
CAPADON SOUTHEAST: Shareholders' Final Meeting Set for Dec. 8
CAPADON SOUTHEAST: Shareholders' Final Meeting Set for Dec. 8
CBO HOLDINGS: Shareholders' Final Meeting Set for December 10
DUNAMIS EQUITY: Shareholder to Hear Wind-Up Report on December 7

ERAAM CUSTOMIZED: Shareholders' Final Meeting Set for Dec. 8
EVAFU DEAL: Shareholders' Final Meeting Set for December 10
OAKSIDE INVESTMENTS: Shareholders' Final Meeting Set for Dec. 15
OLEARIUS LTD: Shareholders' Final Meeting Set for December 10
OPUS INTERNATIONAL: Shareholder to Hear Wind-Up Report on Dec. 22

RITCHIE EQUITY: Shareholders' Final Meeting Set for December 9
RITCHIE EQUITY: Shareholders' Final Meeting Set for December 9
SPRING FUND: Shareholder to Hear Wind-Up Report on December 9
STARLIGHT HOLDINGS: Shareholders' Final Meeting Set for December 1
TITAN STRATEGY: Shareholders' Final Meeting Set for December 1


P U E R T O  R I C O

CARIBBEAN PETROLEUM: Unit Files Schedules of Assets & Liabilities


V E N E Z U E L A

HELM BANK: Regulator Liquidates Bank
INVERSIONES FUERTEVENTURA: Government Liquidates Firm


X X X X X X X X

* Large Companies With Insolvent Balance Sheets




                            - - - - -


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


GANDAR INVESTMENT: Creditors' Proofs of Debt Due December 1
-----------------------------------------------------------
The creditors of Gandar Investment Ltd. are required to file their
proofs of debt by December 1, 2010, to be included in the
company's dividend distribution.

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

The company's liquidator is:

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


GANDAR INVESTMENT: Members' Final Meeting Set for December 21
-------------------------------------------------------------
The members of Gandar Investment Ltd. will hold their final
meeting on December 21, 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 10, 2010.

The company's liquidator is:

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


LSF II: Creditors' Proofs of Debt Due December 1
------------------------------------------------
The creditors of LSF II LB Limited are required to file their
proofs of debt by December 1, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 16, 2010.

The company's liquidator is:

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


LSF II: Members' Final Meeting Set for December 22
--------------------------------------------------
The members of LSF II LB Limited will hold their final meeting on
December 22, 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 16, 2010.

The company's liquidator is:

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


MAN GLENWOOD: Creditors' Proofs of Debt Due December 1
------------------------------------------------------
The creditors of Man Glenwood Holdings II Ltd are required to file
their proofs of debt by December 1, 2010, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on November 12, 2010.

The company's liquidator is:

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


MAN GLENWOOD: Members' Final Meeting Set for December 20
--------------------------------------------------------
The members of Man Glenwood Holdings II Ltd will hold their final
meeting on December 20, 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 12, 2010.

The company's liquidator is:

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


MAN LEUMI: Creditors' Proofs of Debt Due December 1
---------------------------------------------------
The creditors of Man Leumi Multi-Strategy Fund Ltd are required to
file their proofs of debt by December 1, 2010, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on November 17, 2010.

The company's liquidator is:

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


MAN LEUMI: Members' Final Meeting Set for December 22
-----------------------------------------------------
The members of Man Leumi Multi-Strategy Fund Ltd will hold their
final meeting on December 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 November 17, 2010.

The company's liquidator is:

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


TIMICUAN REINSURANCE: Creditors' Proofs of Debt Due December 1
--------------------------------------------------------------
The creditors of Timicuan Reinsurance Ltd. are required to file
their proofs of debt by December 1, 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:

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


TIMICUAN REINSURANCE: Members' Final Meeting Set for December 22
----------------------------------------------------------------
The members of Timicuan Reinsurance Ltd. will hold their final
meeting on December 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 November 9, 2010.

The company's liquidator is:

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


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


BANCO PANAMERICANO: Funds Diverted From Bank, Central Bank Says
---------------------------------------------------------------
Brazil's central bank has found indications that funds were
diverted from Banco Panamericano SA, the bank that's being
investigated for alleged fraud, Jessica Brice at Bloomberg
reports, citing Folha de S. Paulo.

According to Bloomberg, Folha de S. Paulo reported that a single
client received more than BRL120 million (US$70 million) a year in
income from an investment earning interest rates that may have
been artificially inflated.  The client, whose investment was in
the form of five-year certificates of deposit, earned more than 30
percent a year, the newspaper reported, Bloomberg relates.

Banco Panamericano SA 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
==========================


ALFA CAPITAL: Shareholder to Hear Wind-Up Report on December 8
--------------------------------------------------------------
The shareholder of Alfa Capital Russia & Emerging Markets SPC will
receive on December 8, 2010, at 9:00 a.m., the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         Jonathan McLean
         Telephone: (345) 815-1805
         Facsimile: (345) 949-9877


AGRIFIRMA LIMITED: Shareholders' Final Meeting Set for December 17
------------------------------------------------------------------
The shareholders of Agrifirma Limited will hold their final
meeting on December 17, 2010, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Ian Stokoe
         Prue Lawson
         Telephone: (345) 914 8662
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


BEAUGAN VILLA: Shareholders' Final Meeting Set for December 20
--------------------------------------------------------------
The shareholders of Beaugan Villa Limited will hold their final
meeting on December 20, 2010, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Yves Kempf
         PO Box N-4287 Nassau
         Bahamas


BONWAFU DEAL: Shareholders' Final Meeting Set for December 10
-------------------------------------------------------------
The shareholders of Bonwafu Deal II Limited will hold their final
meeting on December 10, 2010, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


BONWAFU DEAL: Shareholders' Final Meeting Set for December 10
-------------------------------------------------------------
The shareholders of Bonwafu Deal Limited will hold their final
meeting on December 10, 2010, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


BT BEN: Shareholders' Final Meeting Set for December 10
-------------------------------------------------------
The shareholders of BT Ben Nevis Limited will hold their final
meeting on December 10, 2010, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


CAPADON SOUTHEAST: Shareholders' Final Meeting Set for Dec. 8
-------------------------------------------------------------
The shareholders of Capadon Southeast European Feeder Fund, Ltd.
will hold their final meeting on December 8, 2010, at 11:00 a.m.,
to receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Ogier
         Jonathan McLean
         Telephone: (345) 815-1805
         Facsimile: (345) 949-9877


CAPADON SOUTHEAST: Shareholders' Final Meeting Set for Dec. 8
-------------------------------------------------------------
The shareholders of Capadon Southeast European Fund, Ltd. will
hold their final meeting on December 8, 2010, at 11:15 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Ogier
         Jonathan McLean
         Telephone: (345) 815-1805
         Facsimile: (345) 949-9877


CBO HOLDINGS: Shareholders' Final Meeting Set for December 10
-------------------------------------------------------------
The shareholders of CBO Holdings XV Ltd. will hold their final
meeting on December 10, 2010, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


DUNAMIS EQUITY: Shareholder to Hear Wind-Up Report on December 7
----------------------------------------------------------------
The shareholder of Dunamis Equity Partners Fund will receive on
December 7, 2010, at 11:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         c/o Joel Reid
         Telephone: (345) 815 1828
         Facsimile: (345) 949-9877


ERAAM CUSTOMIZED: Shareholders' Final Meeting Set for Dec. 8
------------------------------------------------------------
The shareholders of Eraam Customized European Equity Hedge
Strategies Limited will hold their final meeting on December 8,
2010, at 10:00 a.m., to receive the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Europanel Research & Alternative Asset Management
         49-51 Avenue George V F-75008
         Paris, France


EVAFU DEAL: Shareholders' Final Meeting Set for December 10
-----------------------------------------------------------
The shareholders of Evafu Deal Limited will hold their final
meeting on December 10, 2010, to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         David Dyer
         Telephone: (345)949-8244
         Facsimile: (345)949-5223
         P.O. Box 1984, Grand Cayman KY1-1104
         Cayman Islands


OAKSIDE INVESTMENTS: Shareholders' Final Meeting Set for Dec. 15
----------------------------------------------------------------
The shareholders of Oakside Investments Limited will hold their
final meeting on December 15, 2010, to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Lisa Clarke
         Jane Fleming
         Telephone: (345) 945-2187 (345)/945-2197
         P.O. Box 30464, Grand Cayman KY1-1202
         Cayman Islands


OLEARIUS LTD: Shareholders' Final Meeting Set for December 10
-------------------------------------------------------------
The shareholders of Olearius, Ltd will hold their final meeting on
December 10, 2010, at 11:00 a.m., to receive the liquidator's
report on the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Ian Stokoe
         Prue Lawson
         Telephone: (345) 914 8662
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


OPUS INTERNATIONAL: Shareholder to Hear Wind-Up Report on Dec. 22
-----------------------------------------------------------------
The shareholder of Opus International Ltd. will receive on
December 22, 2010, the liquidator's report on the company's wind-
up proceedings and property disposal.

The company's liquidator is:

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


RITCHIE EQUITY: Shareholders' Final Meeting Set for December 9
--------------------------------------------------------------
The shareholders of Ritchie Equity Market Neutral (Cayman) Ltd.
will hold their final meeting on December 9, 2010, at 2:00 p.m.,
to receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Avalon Management Limited
         Landmark Square, 1st Floor
         64 Earth Close, West Bay Beach
         P.O. Box 715, Grand Cayman KY1-1107
         Cayman Islands
         Facsimile: 1 345 769-9351


RITCHIE EQUITY: Shareholders' Final Meeting Set for December 9
--------------------------------------------------------------
The shareholders of Ritchie Equity Market Neutral Trading Ltd.
will hold their final meeting on December 9, 2010, at 2:30 p.m.,
to receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Avalon Management Limited
         Landmark Square, 1st Floor
         64 Earth Close, West Bay Beach
         P.O. Box 715, Grand Cayman KY1-1107
         Cayman Islands
         Facsimile: 1 345 769-9351


SPRING FUND: Shareholder to Hear Wind-Up Report on December 9
-------------------------------------------------------------
The shareholder of Spring Fund, Ltd. will receive on December 9,
2010, at 10:00 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

         Ogier
         Jonathan McLean
         Telephone: (345) 815-1805
         Facsimile: (345) 949-9877


STARLIGHT HOLDINGS: Shareholders' Final Meeting Set for December 1
------------------------------------------------------------------
The shareholders of Starlight Holdings Limited will hold their
final meeting on December 1, 2010, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

         Charles Pitter
         c/o Prue Lawson
         Telephone: (345) 914 8662
         Facsimile: (345) 945 4237
         PO Box 258, Grand Cayman KY1-1104
         Cayman Islands


TITAN STRATEGY: Shareholders' Final Meeting Set for December 1
--------------------------------------------------------------
The shareholders of Titan Strategy Fund-Equity Long/Short Ltd.
will hold their final meeting on December 1, 2010, at 10:00 a.m.,
to receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Titan Advisors LLC
         2 International Drive, Suite 200 Rye Brook
         NY 10573
         USA


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


CARIBBEAN PETROLEUM: Unit Files Schedules of Assets & Liabilities
-----------------------------------------------------------------
Caribbean Petroleum Refining L.P., a debtor-affiliate of Caribbean
Petroleum Corporation, filed with the U.S. Bankruptcy Court for
the District of Delaware its schedules of assets and liabilities,
disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                    N/A
  B. Personal Property                N/A
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                            US$146,260,248
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $672,623
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                        $4,304,592
                                 -----------      -----------
        TOTAL                          N/A      US$151,237,463

A full-text copy of the Schedules of Assets and Liabilities is
available for free at:

        http://bankrupt.com/misc/CaribbeanPetroleum_SAL.pdf

San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.  Cribbean Petroleum sought Chapter 11
protection (Bankr. D. Del. Case No. 10-12553) on August 12, 2010,
nearly 10 months after a massive explosion at its major
Puerto Rican fuel storage depot virtually shut down the
company's operations.  The Debtor estimated assets of
$100 million to $500 million and debts of $500 million to
$1 billion as of the Petition Date.

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

John J. Rapisardi, Esq., George A. Davis, Esq., and Zachary A.
Smith, Esq. at Cadwalader, Wickersham & Taft LLP serve as lead
counsel to the Debtors, and Mark D. Collins, Esq., and Jason M.
Madron, Esq., at Richards, Layton & Finger, P.A., serve as local
counsel.  The Debtors' financial advisor is FTI Consulting Inc.
The Debtors' chief restructuring officer is Kevin Lavin of FTI
Consulting Inc.  Kurtzman Carson Consultants LLC serves as the
noticing, claims and balloting agent.


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


HELM BANK: Regulator Liquidates Bank
------------------------------------
The Official Gazette No. 39,560 said that the Superintendence of
Banks and Other Financial Institutions (Sudeban) decided to
liquidate Helm Bank de Venezuela, El universal reports.

According to El Universal, the resolution said that the Deposit
Guarantee and Bank Protection Fund (Fogade) would be informed in
order to act as liquidators and set the rules required to
liquidate the bank.  The report relates that among the reasons for
the decision the intervention board stated that "so far this year,
the bank has gradually closed operations and it is also affected
by shortage of funds to grant new loans or make investments
required to increase its financial income."


INVERSIONES FUERTEVENTURA: Government Liquidates Firm
-----------------------------------------------------
The Venezuelan government made official the liquidation of the
company Inversiones Fuerteventura, a firm related to Banco
Federal, El Universal reports.


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


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

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


ARGENTINA

IMPSAT FIBER-$US        IMPTD AR      535007008          -17165000
IMPSAT FIBER NET        XIMPT SM      535007008          -17165000
IMPSAT FIBER-CED        IMPT AR       535007008          -17165000
IMPSAT FIBER-C/E        IMPTC AR      535007008          -17165000
IMPSAT FIBER NET        330902Q GR    535007008          -17165000
IMPSAT FIBER-BLK        IMPTB AR      535007008          -17165000
IMPSAT FIBER NET        IMPTQ US      535007008          -17165000
AUTOPISTAS SOL          AUSO AR       364771500        -6265989.03
AUTOPISTAS SOL          APDSF US      364771500        -6265989.03
COMERCIAL PLA-BL        COMEB AR      138884129         -253031947
SOC COMERCIAL PL        SCDPF US      138884129         -253031947
COMERCIAL PLAT-$        COMED AR      138884129         -253031947
SOC COMERCIAL PL        CAD IX        138884129         -253031947
SOC COMERCIAL PL        CVVIF US      138884129         -253031947
COMERCIAL PL-ADR        SCPDS LI      138884129         -253031947
SOC COMERCIAL PL        CADN EO       138884129         -253031947
SOC COMERCIAL PL        CADN SW       138884129         -253031947
SOC COMERCIAL PL        COME AR       138884129         -253031947
COMERCIAL PL-C/E        COMEC AR      138884129         -253031947
SNIAFA SA-B             SNIA5 AR      11229696        -2670544.88
SNIAFA SA               SNIA AR       11229696        -2670544.88
SNIAFA SA-B             SDAGF US      11229696        -2670544.88


BRAZIL


VARIG SA-PREF           VAGV4 BZ      966298026        -4695211316
VARIG SA                VAGV3 BZ      966298026        -4695211316
VARIG SA                VARGON BZ     966298026        -4695211316
VARIG SA-PREF           VARGPN BZ     966298026        -4695211316
AGRENCO LTD-BDR         AGEN11 BZ     542862484         -297848371
AGRENCO LTD             AGRE LX       542862484         -297848371
LAEP-BDR                MILK11 BZ     432349610         -161351898
LAEP INVESTMENTS        LEAP LX       432349610         -161351898
CIA PETROLIF-PRF        MRLM4 BZ      377602195        -3014291.72
CIA PETROLIF-PRF        MRLM4B BZ     377602195        -3014291.72
CIA PETROLIFERA         MRLM3B BZ     377602195        -3014291.72
CIA PETROLIFERA         MRLM3 BZ      377602195        -3014291.72
CIA PETROLIFERA         1CPMON BZ     377602195        -3014291.72
CIA PETROLIF-PRF        1CPMPN BZ     377602195        -3014291.72
BOMBRIL SA-ADR          BMBPY US      289427238         -121390489
BOMBRIL-PREF            BOBR4 BZ      289427238         -121390489
BOMBRIL SA-ADR          BMBBY US      289427238         -121390489
BOMBRIL-RIGHTS          BOBR1 BZ      289427238         -121390489
BOMBRIL CIRIO SA        BOBRON BZ     289427238         -121390489
BOMBRIL                 BMBBF US      289427238         -121390489
BOMBRIL                 BOBR3 BZ      289427238         -121390489
BOMBRIL-RGTS PRE        BOBR2 BZ      289427238         -121390489
BOMBRIL CIRIO-PF        BOBRPN BZ     289427238         -121390489
TEKA-ADR                TKTQY US      246866965         -392777063
TEKA-ADR                TEKAY US      246866965         -392777063
TEKA-ADR                TKTPY US      246866965         -392777063
TEKA-PREF               TKTPF US      246866965         -392777063
TEKA-PREF               TEKA4 BZ      246866965         -392777063
TEKA-PREF               TEKAPN BZ     246866965         -392777063
TEKA                    TKTQF US      246866965         -392777063
TEKA                    TEKAON BZ     246866965         -392777063
TEKA                    TEKA3 BZ      246866965         -392777063
TELEBRAS-PF RCPT        TBAPF US      244716404        -14836627.7
TELEBRAS-PF RCPT        TELE41 BZ     244716404        -14836627.7
TELEBRAS SA-RT          TELB9 BZ      244716404        -14836627.7
TELEBRAS-RCT PRF        TELB10 BZ     244716404        -14836627.7
TELEBRAS-CEDEA $        TEL4D AR      244716404        -14836627.7
TELEBRAS-ADR            TBAPY US      244716404        -14836627.7
TELEBRAS SA-PREF        TLBRPN BZ     244716404        -14836627.7
TELEBRAS-PF RCPT        CBRZF US      244716404        -14836627.7
TELEBRAS SA-PREF        TELB4 BZ      244716404        -14836627.7
TELEBRAS-PF RCPT        RCTB41 BZ     244716404        -14836627.7
TELEBRAS SA             TELB3 BZ      244716404        -14836627.7
TELEBRAS-PF BLCK        TELB40 BZ     244716404        -14836627.7
TELEBRAS-RTS PRF        RCTB2 BZ      244716404        -14836627.7
TELEBRAS-ADR            TBASY US      244716404        -14836627.7
TELEBRAS SA             TLBRON BZ     244716404        -14836627.7
TELEBRAS-CED C/E        RCT4C AR      244716404        -14836627.7
TELECOMUNICA-ADR        81370Z BZ     244716404        -14836627.7
TELEBRAS-BLOCK          TELB30 BZ     244716404        -14836627.7
TELEBRAS-RCT            RCTB33 BZ     244716404        -14836627.7
TELEBRAS-CM RCPT        RCTB30 BZ     244716404        -14836627.7
TELEBRAS-CEDE BL        RCT4B AR      244716404        -14836627.7
TELEBRAS-CEDE PF        TELB4 AR      244716404        -14836627.7
TELEBRAS-CED C/E        TEL4C AR      244716404        -14836627.7
TELEBRAS-CM RCPT        RCTB31 BZ     244716404        -14836627.7
TELEBRAS-ADR            TBRAY GR      244716404        -14836627.7
TELEBRAS-PF RCPT        TLBRUP BZ     244716404        -14836627.7
TELEBRAS-ADR            TBX GR        244716404        -14836627.7
TELEBRAS-CEDEA $        RCT4D AR      244716404        -14836627.7
TELEBRAS-CM RCPT        TBRTF US      244716404        -14836627.7
TELEBRAS-COM RT         TELB1 BZ      244716404        -14836627.7
TELEBRAS-CM RCPT        RCTB32 BZ     244716404        -14836627.7
TELEBRAS-RECEIPT        TLBRUO BZ     244716404        -14836627.7
TELEBRAS-CM RCPT        TELE31 BZ     244716404        -14836627.7
TELEBRAS-RTS CMN        RCTB1 BZ      244716404        -14836627.7
TELEBRAS-PF RCPT        RCTB42 BZ     244716404        -14836627.7
TELEBRAS-PF RCPT        RCTB40 BZ     244716404        -14836627.7
TELEBRAS-RTS PRF        TLCP2 BZ      244716404        -14836627.7
TELEBRAS-CEDE PF        RCTB4 AR      244716404        -14836627.7
TELEBRAS-ADR            TBH US        244716404        -14836627.7
TELEBRAS-ADR            RTB US        244716404        -14836627.7
TELEBRAS/W-I-ADR        TBH-W US      244716404        -14836627.7
TELEBRAS SA             TBASF US      244716404        -14836627.7
TELEBRAS-RTS CMN        TCLP1 BZ      244716404        -14836627.7
HOTEIS OTHON-PRF        HOOT4 BZ      239702780        -38730311.4
HOTEIS OTHON SA         HOOT3 BZ      239702780        -38730311.4
HOTEIS OTHON SA         HOTHON BZ     239702780        -38730311.4
HOTEIS OTHON-PRF        HOTHPN BZ     239702780        -38730311.4
BALADARE                BLDR3 BZ      159454016        -52992212.8
SANSUY SA               SNSYON BZ     147187163        -86606310.8
SANSUY                  SNSY3 BZ      147187163        -86606310.8
SANSUY SA-PREF A        SNSYAN BZ     147187163        -86606310.8
SANSUY-PREF A           SNSY5 BZ      147187163        -86606310.8
SANSUY-PREF B           SNSY6 BZ      147187163        -86606310.8
SANSUY SA-PREF B        SNSYBN BZ     147187163        -86606310.8
PET MANG-RT             4115364Q BZ   140673541         -164925695
PETRO MANGUINHOS        MANGON BZ     140673541         -164925695
PET MANG-RT             4115360Q BZ   140673541         -164925695
PET MANG-RECEIPT        RPMG10 BZ     140673541         -164925695
PET MANG-RT             RPMG1 BZ      140673541         -164925695
PET MANGUINH-PRF        RPMG4 BZ      140673541         -164925695
PET MANG-RECEIPT        RPMG9 BZ      140673541         -164925695
PETRO MANGUINHOS        RPMG3 BZ      140673541         -164925695
PET MANG-RIGHTS         3678565Q BZ   140673541         -164925695
PET MANG-RIGHTS         3678569Q BZ   140673541         -164925695
PET MANG-RT             RPMG2 BZ      140673541         -164925695
PETRO MANGUIN-PF        MANGPN BZ     140673541         -164925695
VARIG PART EM-PR        VPSC4 BZ      96617351         -460274609
VARIG PART EM SE        VPSC3 BZ      96617351         -460274609
DOCAS IMBITUB-PR        IMBIPN BZ     93031452        -40080158.4
DOC IMBITUBA-RTP        IMBI2 BZ      93031452        -40080158.4
DOC IMBITUBA-RTC        IMBI1 BZ      93031452        -40080158.4
DOC IMBITUB-PREF        IMBI4 BZ      93031452        -40080158.4
DOCAS IMBITUBA          IMBION BZ     93031452        -40080158.4
DOC IMBITUBA            IMBI3 BZ      93031452        -40080158.4
FABRICA RENAUX-P        FTRX4 BZ      63865882        -73255215.1
FABRICA TECID-RT        FTRX1 BZ      63865882        -73255215.1
FABRICA RENAUX-P        FRNXPN BZ     63865882        -73255215.1
FABRICA RENAUX          FRNXON BZ     63865882        -73255215.1
FABRICA RENAUX          FTRX3 BZ      63865882        -73255215.1
RENAUXVIEW SA           TXRX3 BZ      63668805        -94477605.8
TEXTEIS RENAU-RT        TXRX1 BZ      63668805        -94477605.8
RENAUXVIEW SA-PF        TXRX4 BZ      63668805        -94477605.8
TEXTEIS RENAUX          RENXPN BZ     63668805        -94477605.8
TEXTEIS RENA-RCT        TXRX9 BZ      63668805        -94477605.8
TEXTEIS RENAUX          RENXON BZ     63668805        -94477605.8
TEXTEIS RENAU-RT        TXRX2 BZ      63668805        -94477605.8
TEXTEIS RENA-RCT        TXRX10 BZ     63668805        -94477605.8
MINUPAR-PREF            MNPR4 BZ      60015033        -53107712.8
MINUPAR-RT              MNPR1 BZ      60015033        -53107712.8
MINUPAR SA-PREF         MNPRPN BZ     60015033        -53107712.8
MINUPAR                 MNPR3 BZ      60015033        -53107712.8
MINUPAR SA              MNPRON BZ     60015033        -53107712.8
MINUPAR-RCT             MNPR9 BZ      60015033        -53107712.8
VARIG PART EM TR        VPTA3 BZ      49432124         -399290426
VARIG PART EM-PR        VPTA4 BZ      49432124         -399290426
CIMOB PARTIC SA         GAFP3 BZ      39881387        -41560336.9
CIMOB PART-PREF         GAFP4 BZ      39881387        -41560336.9
CIMOB PARTIC SA         GAFON BZ      39881387        -41560336.9
CIMOB PART-PREF         GAFPN BZ      39881387        -41560336.9
SANESALTO               SNST3 BZ      31044051        -1843297.83
BOTUCATU TEXTIL         STRP3 BZ      27663605        -7174512.03
STAROUP SA              STARON BZ     27663605        -7174512.03
BOTUCATU-PREF           STRP4 BZ      27663605        -7174512.03
STAROUP SA-PREF         STARPN BZ     27663605        -7174512.03
CONST BETER-PF A        COBE5 BZ      23747401        -4784798.53
CONST BETER-PF B        COBE6 BZ      23747401        -4784798.53
CONST BETER-PR A        1008Q BZ      23747401        -4784798.53
CONST BETER-PF B        1COBBN BZ     23747401        -4784798.53
CONST BETER SA          1COBON BZ     23747401        -4784798.53
CONST BETER-PR B        COBEBN BZ     23747401        -4784798.53
CONST BETER SA          COBE3 BZ      23747401        -4784798.53
CONST BETER-PF A        1COBAN BZ     23747401        -4784798.53
CONST BETER-PR B        1009Q BZ      23747401        -4784798.53
CONST BETER SA          COBEON BZ     23747401        -4784798.53
CONST BETER SA          1007Q BZ      23747401        -4784798.53
CONST BETER-PR A        COBEAN BZ     23747401        -4784798.53
CONST BETER SA          COBE3B BZ     23747401        -4784798.53
STEEL - RT              STLB1 BZ      22548846         -4346785.7
STEEL - RCT ORD         STLB9 BZ      22548846         -4346785.7
STEEL DO BRASIL         STLB3 BZ      22548846         -4346785.7
CHIARELLI SA            CCHON BZ      22274027        -44537138.2
CHIARELLI SA            CCHI3 BZ      22274027        -44537138.2
CHIARELLI SA-PRF        CCHI4 BZ      22274027        -44537138.2
CHIARELLI SA-PRF        CCHPN BZ      22274027        -44537138.2
FERRAGENS HAGA          HAGAON BZ     21299043        -62858771.3
FER HAGA-PREF           HAGA4 BZ      21299043        -62858771.3
FERRAGENS HAGA-P        HAGAPN BZ     21299043        -62858771.3
HAGA                    HAGA3 BZ      21299043        -62858771.3
CAF BRASILIA            CAFE3 BZ      21097370         -903951461
CAF BRASILIA-PRF        CAFE4 BZ      21097370         -903951461
CAFE BRASILIA-PR        CSBRPN BZ     21097370         -903951461
CAFE BRASILIA SA        CSBRON BZ     21097370         -903951461
TECEL S JOSE            FTSJON BZ     19067322        -52580501.1
TECEL S JOSE            SJOS3 BZ      19067322        -52580501.1
TECEL S JOSE-PRF        SJOS4 BZ      19067322        -52580501.1
TECEL S JOSE-PRF        FTSJPN BZ     19067322        -52580501.1
NORDON MET-RTS          NORD1 BZ      16108143        -22352940.6
NORDON MET              NORD3 BZ      16108143        -22352940.6
NORDON METAL            NORDON BZ     16108143        -22352940.6
UNI CIDADE              UNCI3 BZ      15460621        -5200646.59
PROMAN                  PRMN3 BZ      12878932        -38408.0181
PROMAN                  PRMN3B BZ     12878932        -38408.0181
GAZOLA                  GAZO3 BZ      12452143        -40298506.3
GAZOLA SA-DVD PF        GAZO12 BZ     12452143        -40298506.3
GAZOLA SA               GAZON BZ      12452143        -40298506.3
GAZOLA SA-DVD CM        GAZO11 BZ     12452143        -40298506.3
GAZOLA SA-PREF          GAZPN BZ      12452143        -40298506.3
GAZOLA-RCPT PREF        GAZO10 BZ     12452143        -40298506.3
GAZOLA-RCPTS CMN        GAZO9 BZ      12452143        -40298506.3
GAZOLA-PREF             GAZO4 BZ      12452143        -40298506.3
ARTHUR LANGE            ARLA3 BZ      11642256        -17154461.9
ARTHUR LANG-RC P        ARLA10 BZ     11642256        -17154461.9
ARTHUR LANG-RT P        ARLA2 BZ      11642256        -17154461.9
ARTHUR LANGE SA         ALICON BZ     11642256        -17154461.9
ARTHUR LANGE-PRF        ARLA4 BZ      11642256        -17154461.9
ARTHUR LANG-RT C        ARLA1 BZ      11642256        -17154461.9
ARTHUR LAN-DVD P        ARLA12 BZ     11642256        -17154461.9
ARTHUR LANGE-PRF        ALICPN BZ     11642256        -17154461.9
ARTHUR LAN-DVD C        ARLA11 BZ     11642256        -17154461.9
ARTHUR LANG-RC C        ARLA9 BZ      11642256        -17154461.9
F GUIMARAES-PREF        FGUI4 BZ      11016542         -151840377
F GUIMARAES             FGUI3 BZ      11016542         -151840377
FERREIRA GUIM-PR        FGUIPN BZ     11016542         -151840377


CHILE


CHILESAT CORP SA        TELEX CI      670035499        -88041020.2
CHILESAT CO-ADR         TL US         670035499        -88041020.2
TELMEX CORP SA          CHILESAT CI   670035499        -88041020.2
TELMEX CORP-ADR         CSAOY US      670035499        -88041020.2
CHILESAT CO-RTS         CHISATOS CI   670035499        -88041020.2
TELEX-RTS               TELEXO CI     670035499        -88041020.2
TELEX-A                 TELEXA CI     670035499        -88041020.2
INVERMAR                INVERMAR CI   200945008        -2078000.13
INVERMAR-RT             INVEROSA CI   200945008        -2078000.13

                            ***********

Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA editors from a variety of outside
sources during the prior week we think are reliable.   Those
sources may not, however, be complete or accurate.  The Monday
Bond Pricing table is compiled on the Friday prior to
publication.  Prices reported are not intended to reflect actual
trades.  Prices for actual trades are probably different.  Our
objective is to share information, not make markets in publicly
traded securities.  Nothing in the TCR-LA constitutes an offer
or solicitation to buy or sell any security of any kind.  It is
likely that some entity affiliated with a TCR-LA editor holds
some position in the issuers' public debt and equity securities
about which we report.

Tuesday's edition of the TCR-LA features a list of companies
with insolvent balance sheets obtained by our editors based on
the latest balance sheets publicly available a day prior to
publication.  At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical
cost net of depreciation may understate the true value of a
firm's assets.  A company may establish reserves on its balance
sheet for liabilities that may never materialize.  The prices at
which equity securities trade in public market are determined by
more than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR-LA. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com


                            ***********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA, Marites O. Claro, Joy A. 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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