TCRLA_Public/101230.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, December 30, 2010, Vol. 11, No. 257

                            Headlines


B R A Z I L

CAMARGO CORREA: S&P Affirms 'BB' Long-Term Corporate Credit Rating
FURNAS CENTRAIS: Moody's Withdraws 'Ba1' Issuer Rating


C A Y M A N  I S L A N D S

AMINVEST LTD: Placed Under Voluntary Wind-Up
CABLE & WIRELESS: To Acquire 51% Stake in Bahamas Telecom
FORWARD VALUE: Creditors' Proofs of Debt Due January 6
ML CBO: Creditors' Proofs of Debt Due January 6
NEW STREAM: Placed Under Voluntary Wind-Up

NORTH COVE: Creditors' Proofs of Debt Due January 6
OPTIMAL ASIAN: Creditors' Proofs of Debt Due January 6
PA INTERNATIONAL: Creditors' Proofs of Debt Due January 6
PADDINGTON RAILCARS: Creditors' Proofs of Debt Due January 6
PARGA LIMITED: Creditors' Proofs of Debt Due January 6

POWER SUPPLY: Placed Under Voluntary Wind-Up
PUTNAM TOTAL: Placed Under Voluntary Wind-Up
RAFFLES PLACE: Creditors' Proofs of Debt Due January 6
RAFFLES PLACE: Creditors' Proofs of Debt Due January 6
SKI ITW: Creditors' Proofs of Debt Due January 6

TABS 2005-3: Creditors' Proofs of Debt Due January 6
TANDEM FUNDING: Creditors' Proofs of Debt Due January 6
TLLB2002 INTERNATIONAL: Creditors' Proofs of Debt Due January 7
TSG INVESTMENTS: Placed Under Voluntary Wind-Up
WAKABAYASHI GLOBAL: Placed Under Voluntary Wind-Up

WB LOAN: Creditors' Proofs of Debt Due January 6


M E X I C O

CORPORACION GEO: S&P Gives Stable Outlook; Affirms 'BB-' Rating
GRUPO IUSACELL: Gets Go Signal to Start Bankruptcy Proceedings


X X X X X X X X

* Upcoming Meetings, Conferences and Seminars



                            - - - - -


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B R A Z I L
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CAMARGO CORREA: S&P Affirms 'BB' Long-Term Corporate Credit Rating
------------------------------------------------------------------
Standard & Poor's Ratings Services said that it affirmed its 'BB'
long-term corporate credit rating on Camargo Correa S.A. and on
CCSA's cement company, Camargo Correa Cimentos S.A.

At the same time, S&P lowered its Brazilian national scale ratings
on CCC to 'brAA-' from 'brAA'.

S&P removed all the ratings from CreditWatch, where they were
initially placed with negative implications on Feb. 11, 2010.  The
outlook is negative.

The affirmation followed the improvement in Camargo's business
portfolio, especially considering its acquisition of a 32.7% stake
in Cimpor Cimentos de Portugal S.G.P.S. S.A. (BBB-/Stable/A-3) and
the remaining stake in VBC Energ?a S.A. (not rated), which in turn
has a 25.6% controlling interest in CPFL Energia S.A.
(brAA+/Stable/--).

"S&P see this improvement in the business profile as partially
offsetting the significant increase in leverage, which S&P expects
to remain high in the near term," said Standard & Poor's credit
analyst Marcelo Schwarz.

S&P assume that the company will use the proceeds from the sale of
its 11.36% participation in Itausa - Investimentos Itau S.A. (the
holding company for Banco Itau Unibanco S.A.) to reduce debt.

CCSA is the Camargo Correa group's main holding company, with
investments in a wide range of businesses, including cement,
textile, footwear, home and heavy construction, and road and power
concessions.  The ratings on CCC reflect its being a core
subsidiary of Camargo and its financial profile mirroring that of
its parent, as the group's consolidated financial planning
determines its cash management and financial profile.

The negative outlook reflects CCSA's refinancing risks after debt
at the holding-company level increased significantly with the
Cimpor and VBC acquisitions, and this increase, to be met, will
require strong dividends from its investments.


FURNAS CENTRAIS: Moody's Withdraws 'Ba1' Issuer Rating
------------------------------------------------------
Moody's America Latina Ltda has withdrawn Furnas' Ba1 and Aa1.br
issuer ratings for its own business reasons.

Moody's last rating action on Furnas Centrais Eletricas S.A. was
on December 14, 2006 when Moody's assigned a BR-1 national scale
rating to Furnas' 6-month BRL130 million commercial paper.  At the
same time, Moody's affirmed Furnas' Ba1 global local currency and
Aa1.br national scale senior unsecured issuer ratings.

These ratings were withdrawn:

  -- Issuer Ratings: Ba1/Aa1.br

                         Ratings Rationale

Moody's America Latina Ltda has withdrawn the credit rating for
its own business reasons.

Furnas is one of Brazil's largest electricity generation and
transmission utility companies.  Furnas is closely-held, with
99.5% of its shares owned by Centrais Eletricas Brasileiras S.A. -
Eletrobras (unrated), the Brazilian Federal Government's holding
company that controls about 38% of the country's installed power
generation capacity and approximately 56% of the country's
transmission network.  Furnas operates 12 hydro-power plants
representing some 91% of its total installed capacity of 10,050MW
with 2 thermal power plants accounting for the remaining 9%.  The
company also owns about 19,278 kilometers of transmission lines,
mainly in the southeast and mid-west regions of Brazil.

Moody's adopts all necessary measures so that the information it
uses in assigning a credit rating is of sufficient quality and
from sources Moody's considers to be reliable including, when
appropriate, independent third-party sources.  However, Moody's is
not an auditor and cannot in every instance independently verify
or validate information received in the rating process.


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


AMINVEST LTD: Placed Under Voluntary Wind-Up
--------------------------------------------
On December 3, 2010, the sole shareholder of Aminvest Ltd.
resolved to voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Ogier
         Name: Michelle Richie
         Telephone: (345) 815-1755
         Facsimile: (345) 949-9877
         c/o Ogier
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


CABLE & WIRELESS: To Acquire 51% Stake in Bahamas Telecom
---------------------------------------------------------
Alex Wright at Royal Gazette reports that Cable & Wireless
Communications plc signed a non-binding memorandum of
understanding with the Government of the Commonwealth of the
Bahamas to acquire a 51% interest in the Bahamas
Telecommunications Company.

Royal Gazette notes that Cable & Wireless and the Bahamas
Government will now work together to complete due diligence,
finalize contractual terms and obtain necessary consents and other
regulatory clearances with the aim of completing the transaction
in the first quarter of 2011.

Under the MOU, Royal Gazette discloses, it is proposed that CWC
will acquire the majority equity stake in BTC, including
management control of the business, for $210 million, and that CWC
will work with the Government and the management of BTC to develop
a business plan for BTC, addressing its plans for the
modernization of telecommunications throughout the Bahamas and for
the development of BTC following privatization.

The MOU also stipulates a restructuring of the workforce of BTC
soon after completion of the transaction, which will be carried
out on a voluntary basis, the report says.

Royal Gazette adds that subject to completion, the acquisition is
expected to be funded from CWC's existing cash balances and debt
facilities.

Headquartered in London, Cable & Wireless Plc --
http://www.cw.com/-- provides voice, data and IP (Internet
Protocol) services to business and residential customers, as well
as services to other telecoms carriers, mobile operators and
providers of content, applications and Internet services.
The company has operations are in the United Kingdom, India,
China, Japan, the Cayman Islands, Bermuda and the Middle East.

                        *     *     *

As of December 29, 2010, the company continues to carry Standard
and Poor's "B" short term issuer credit ratings.


FORWARD VALUE: Creditors' Proofs of Debt Due January 6
------------------------------------------------------
The creditors of Forward Value Capital are required to file their
proofs of debt by January 6, 2011, to be included in the company's
dividend distribution.

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

The company's liquidator is:

         Richard Finlay
         Telephone: (345) 945-3901
         Facsimile: (345) 945-3902
         P.O. Box 2681, Grand Cayman KY1-1111
         Cayman Islands


ML CBO: Creditors' Proofs of Debt Due January 6
-----------------------------------------------
The creditors of ML CBO XXI (Cayman) Ltd. are required to file
their proofs of debt by January 6, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on November 26,
2010.

The company's liquidator is:

         Jess Shakespeare
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


NEW STREAM: Placed Under Voluntary Wind-Up
------------------------------------------
On November 23, 2010, the shareholders of New Stream Capital
(Cayman), Ltd. resolved to voluntarily wind up the company's
operations.

Only creditors who were able to file their proofs of debt by
December 28, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Amanda Logue
         38 Grove Street
         Building C, Ridgefield
         Connecticut 06877
         USA


NORTH COVE: Creditors' Proofs of Debt Due January 6
---------------------------------------------------
The creditors of North Cove CDO II, Ltd. are required to file
their proofs of debt by January 6, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on November 25,
2010.

The company's liquidator is:

         Victor Murray
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


OPTIMAL ASIAN: Creditors' Proofs of Debt Due January 6
------------------------------------------------------
The creditors of Optimal Asian Opportunities 2xl Fund Ltd. are
required to file their proofs of debt by January 6, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on November 26,
2010.

The company's liquidator is:

         Jess Shakespeare
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


PA INTERNATIONAL: Creditors' Proofs of Debt Due January 6
---------------------------------------------------------
The creditors of PA International Financing Limited are required
to file their proofs of debt by January 6, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on November 26,
2010.

The company's liquidator is:

         Victor Murray
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


PADDINGTON RAILCARS: Creditors' Proofs of Debt Due January 6
------------------------------------------------------------
The creditors of Paddington Railcars Limited are required to file
their proofs of debt by January 6, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on November 25,
2010.

The company's liquidator is:

         Marc Randall
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


PARGA LIMITED: Creditors' Proofs of Debt Due January 6
------------------------------------------------------
The creditors of Parga Limited (formerly Crest 2 Ltd.) are
required to file their proofs of debt by January 6, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on November 26,
2010.

The company's liquidator is:

         Graham Robinson
         Telephone: (345) 949-7576
         Facsimile:  (345) 949-8295
         P.O. Box 897, Windward 1
         Regatta Office Park
         Grand Cayman KY1-1103
         Cayman Islands


POWER SUPPLY: Placed Under Voluntary Wind-Up
--------------------------------------------
On November 26, 2010, the sole shareholder of Power Supply
Holdings Limited resolved to voluntarily wind up the company's
operations.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Philip Mosely
         PO Box 1569, George Town
         Grand Cayman KY1-1110
         Cayman Islands
         Telephone: (345) 949-4018
         Facsimile: (345) 949-7891
         e-mail: general@caymanmanagement.ky


PUTNAM TOTAL: Placed Under Voluntary Wind-Up
--------------------------------------------
On November 26, 2010, the members of Putnam Total Return Fund,
Ltd. resolved to voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Richard Finlay
         Name: Krysten Lumsden
         Telephone: (345) 814-7366
         Facsimile: (345) 945-3902
         P.O. Box 2681, Grand Cayman   KY1-1111
         Cayman Islands


RAFFLES PLACE: Creditors' Proofs of Debt Due January 6
------------------------------------------------------
The creditors of Raffles Place II Funding, Ltd. are required to
file their proofs of debt by January 6, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on November 25,
2010.

The company's liquidator is:

         Marc Randall
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


RAFFLES PLACE: Creditors' Proofs of Debt Due January 6
------------------------------------------------------
The creditors of Raffles Place Funding, Ltd. are required to file
their proofs of debt by January 6, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on November 25,
2010.

The company's liquidator is:

         Marc Randall
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


SKI ITW: Creditors' Proofs of Debt Due January 6
------------------------------------------------
The creditors of Ski ITW BD GP Holdings Ltd. are required to file
their proofs of debt by January 6, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on November 22,
2010.

The company's liquidator is:

         Marc Randall
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


TABS 2005-3: Creditors' Proofs of Debt Due January 6
----------------------------------------------------
The creditors of Tabs 2005-3, Ltd. are required to file their
proofs of debt by January 6, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on November 26,
2010.

The company's liquidator is:

         Jess Shakespeare
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


TANDEM FUNDING: Creditors' Proofs of Debt Due January 6
-------------------------------------------------------
The creditors of Tandem Funding Limited are required to file their
proofs of debt by January 6, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on November 25,
2010.

The company's liquidator is:

         Jess Shakespeare
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


TLLB2002 INTERNATIONAL: Creditors' Proofs of Debt Due January 7
---------------------------------------------------------------
The creditors of TLLB2002 International Limited are required to
file their proofs of debt by January 7, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on November 26,
2010.

The company's liquidator is:

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


TSG INVESTMENTS: Placed Under Voluntary Wind-Up
-----------------------------------------------
On November 25, 2010, the sole shareholder of TSG Investments
Limited resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Philip Mosely
         PO Box 1569, George Town
         Grand Cayman KY1-1110
         Cayman Islands
         Telephone: (345) 949-4018
         Facsimile: (345) 949-7891
         e-mail: general@caymanmanagement.ky


WAKABAYASHI GLOBAL: Placed Under Voluntary Wind-Up
--------------------------------------------------
On November 22, 2010, the sole shareholder of Wakabayashi Global
Value Fund resolved to voluntarily wind up the company's
operations.

Only creditors who were able to file their proofs of debt by
December 29, 2010, will be included in the company's dividend
distribution.

The company's liquidator is:

         Atsuyuki Uenaka
         Victor Murray
         Maples Finance Limited
         PO Box 1093
         4th Floor Boundary Hall, Cricket Square
         George Town, Grand Cayman KY1-1102
         Cayman Islands
         Telephone: 1 345 814 5722


WB LOAN: Creditors' Proofs of Debt Due January 6
------------------------------------------------
The creditors of WB Loan Funding 12, Ltd. are required to file
their proofs of debt by January 6, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on November 26,
2010.

The company's liquidator is:

         Jess Shakespeare
         c/o Maples Finance Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


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


CORPORACION GEO: S&P Gives Stable Outlook; Affirms 'BB-' Rating
---------------------------------------------------------------
Standard & Poor's Ratings Services said that it revised its
outlook on Mexico-based homebuilder Corporacion GEO S.A.B. de C.V.
to stable from negative, while affirming the ratings, including
the 'BB-' global scale and 'mxBBB+/mxA-2' national scale long-term
corporate credit ratings, on the company.

"S&P's ratings on Geo are limited by the company's aggressive
financial risk profile, given its high working capital needs to
sustain its growth targets, which demand increased external
financing," said Standard & Poor's credit analyst Laura Mart?nez.

The ratings also reflect the concentration of mortgage origination
in Infonavit and Fovissste, and the degree of political risk
inherent to these institutions.

Geo's position as one of the leading homebuilders in Mexico,
geographic diversification and scale, and diverse product line are
positive rating factors.  S&P assess Geo's business risk profile
as fair.

Geo is the second-largest homebuilder in Mexico, with more than
54,000 units built in 57 cities and 19 states in the 12 months
ended Sept. 30, 2010.  The company has focused its strategy on the
affordable segments, representing about 77% of revenues as of
third-quarter 2010.  S&P expects that Geo will maintain this
revenue mix in the near term.

The stable outlook reflects S&P's expectation that Geo will be
able to maintain stable leverage while maintaining its cash
position.


GRUPO IUSACELL: Gets Go Signal to Start Bankruptcy Proceedings
--------------------------------------------------------------
Giselle Rodriguez at Bloomberg News notes that Grupo Iusacell
Celular obtained court approval to enter bankruptcy proceedings
and a similar plan is being studied for Grupo Iusacell, according
to Reforma, which cited Salvador Rocha Diaz, Grupo Iusacell's
lawyer.

According to Bloomberg, the newspaper said District Judge Fernando
Rangel asked the Federal Institute of Bankruptcy Proceedings to
designate a mediator.

Bloomberg discloses the newspaper reported that Mr. Rocha said
that most of the company's creditors have accepted the plan and
that the company expects to complete the proceedings by January or
February next year.

Grupo Iusacell SA is the Mexican mobile-phone carrier owned by
billionaire Ricardo Salinas.


===============
X X X X X X X X
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* Upcoming Meetings, Conferences and Seminars
---------------------------------------------
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 T.
Fernandez, Valerie U. Pascual, Psyche A. Castillon, Julie Anne G.
Lopez, Ivy B. Magdadaro, Frauline S. Abangan, and Peter A.
Chapman, Editors.

Copyright 2010.  All rights reserved.  ISSN 1529-2746.

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