/raid1/www/Hosts/bankrupt/TCRLA_Public/110118.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, January 18, 2011, Vol. 12, No. 12

                            Headlines



B E R M U D A

CIS LTD: Creditors' Proofs of Debt Due January 26
CIS LTD: Members' Final Meeting Set for February 18
GLOBAL AVIATION: Creditors' Proofs of Debt Due January 26
GLOBAL AVIATION: Members' Final Meeting Set for February 16
HYPPCO FINANCE: Creditors' Proofs of Debt Due January 26

HYPPCO FINANCE: Members' Final Meeting Set for February 16
NEW STAR: Creditors' Proofs of Debt Due January 26
NEW STAR: Members' Final Meeting Set for February 15
NEW STAR: Creditors' Proofs of Debt Due January 26
NEW STAR: Members' Final Meeting Set for February 15

PROTOSTAR LTD: Kiskadee Comm Sues Firm's Officers for $18.25-Mil.


C A Y M A N   I S L A N D S

AMALFI INVESTMENTS: Creditors' Proofs of Debt Due January 19
ANCHORAGE CROSSOVER: Creditors' Proofs of Debt Due January 19
AVI GERMANY: Creditors' Proofs of Debt Due January 19
CAPSTONE CAYMAN: Creditors & Contributories to Meet on January 20
CHEYNE EQUITY: Creditors' Proofs of Debt Due January 19

CONCORD INTERNATIONAL: Creditors' Proofs of Debt Due January 20
CPI POLICE: Creditors' Proofs of Debt Due January 20
EPPING FUNDING: Commences Liquidation Proceedings
FAIRFIELD ICAHN: Creditors' Proofs of Debt Due January 21
GLOBAL MARITIME: Creditors' Proofs of Debt Due January 19

ICM OPPORTUNITY: Creditors' Proofs of Debt Due January 19
IRI FINANCE: Creditors' Proofs of Debt Due January 19
JOHNSON HOLDINGS: Placed Under Voluntary Wind-Up
MAXIMUM EMERGING: Commences Liquidation Proceedings
MELLON OFFSHORE: Creditors' Proofs of Debt Due January 19

MULTISTRATEGY CAPITAL: Placed Under Voluntary Wind-Up
MULTISTRATEGY CAPITAL: Shareholders Receive Wind-Up Report
NEW REALM: Creditors' Proofs of Debt Due January 19
NEW REALM: Creditors' Proofs of Debt Due January 19
OAKLEY HOLDINGS: Creditors' Proofs of Debt Due January 26

OMAN GATEWAY: Commences Liquidation Proceedings
OVERTURE CDO I: Creditors' Proofs of Debt Due January 19
PERSHING SQUARE: Creditors' Proofs of Debt Due January 19
PERSHING SQUARE: Creditors' Proofs of Debt Due January 19
PLATINUM MOTORS: Placed Under Voluntary Wind-Up

PLAZA SANNO: Creditors' Proofs of Debt Due January 19
PRIMORES FUND: Commences Liquidation Proceedings
SR YORK: Commences Liquidation Proceedings
TORREY PINES: Commences Liquidation Proceedings
UBS DYNAMIC: Creditors' Proofs of Debt Due January 19

VICTORY ABSOLUTE: Creditors' Proofs of Debt Due January 19


X X X X X X X X

* Large Companies With Insolvent Balance Sheets




                            - - - - -


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


CIS LTD: Creditors' Proofs of Debt Due January 26
-------------------------------------------------
The creditors of CIS Ltd. are required to file their proofs of
debt by January 26, 2011, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on January 7, 2011.

The company's liquidator is:

         Christopher Diepenhorst
         The Campbell Agency, Inc.
         325 84th Street, S.W. Byron Center
         MI49315
         USA


CIS LTD: Members' Final Meeting Set for February 18
---------------------------------------------------
The members of CIS Ltd. will hold their final meeting on
February 18, 2011, 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:

         Christopher Diepenhorst
         The Campbell Agency, Inc.
         325 84th Street, S.W. Byron Center
         MI49315
         USA


GLOBAL AVIATION: Creditors' Proofs of Debt Due January 26
---------------------------------------------------------
The creditors of Global Aviation Services Limited are required to
file their proofs of debt by January 26, 2011, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on January 4, 2011.

The company's liquidator is:

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


GLOBAL AVIATION: Members' Final Meeting Set for February 16
-----------------------------------------------------------
The members of Global Aviation Services Limited will hold their
final meeting on February 16, 2011, 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 January 4, 2011.

The company's liquidator is:

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


HYPPCO FINANCE: Creditors' Proofs of Debt Due January 26
--------------------------------------------------------
The creditors of HYPPCO Finance Company Ltd. are required to file
their proofs of debt by January 26, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on December 31, 2010.

The company's liquidator is:

         David P. O'Connor
         Delaware Management Company
         Once Commerce Square
         Philadelphia, PA 19103
         USA


HYPPCO FINANCE: Members' Final Meeting Set for February 16
----------------------------------------------------------
The members of HYPPCO Finance Company Ltd. will hold their final
meeting on February 16, 2011, 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:

         David P. O'Connor
         Delaware Management Company
         Once Commerce Square
         Philadelphia, PA 19103
         USA


NEW STAR: Creditors' Proofs of Debt Due January 26
--------------------------------------------------
The creditors of New Star Global Property Management (Bermuda
Five) Limited are required to file their proofs of debt by
January 26, 2011, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on January 11, 2011.

The company's liquidator is:

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


NEW STAR: Members' Final Meeting Set for February 15
----------------------------------------------------
The members of New Star Global Property Management (Bermuda Five)
Limited will hold their final meeting on February 15, 2011, 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:

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


NEW STAR: Creditors' Proofs of Debt Due January 26
--------------------------------------------------
The creditors of New Star Global Property Management (Bermuda Six)
Limited are required to file their proofs of debt by
January 26, 2011, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on January 11, 2011.

The company's liquidator is:

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


NEW STAR: Members' Final Meeting Set for February 15
----------------------------------------------------
The members of New Star Global Property Management (Bermuda Six)
Limited will hold their final meeting on February 15, 2011, 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:

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


PROTOSTAR LTD: Kiskadee Comm Sues Firm's Officers for $18.25-Mil.
-----------------------------------------------------------------
Jonathan Kent at The Royal Gazette reports that satellite
telecommunications firm Kiskadee Communications (Bermuda) Ltd is
suing two officers of ProtoStar Ltd for $18.25 million in
compensatory damages.  The report relates that according to the
complaint, which was filed in the U.S. District Court for the
Northern District of California, Kiskadee's principal shareholders
are listed as Bermudian businessman Jeffrey Conyers and David
Mallof, of Washington, DC.

According to The Royal Gazette, the OffshoreAlert online
newsletter reported that Kiskadee's complaint was lodged against
California resident Philip Father and Maryland resident Eugene
Cacciamani, who served as chairman and chief technology officer,
respectively, of ProtoStar.

Kiskadee, the report recounts, had formed a joint venture with
ProtoStar, aiming to utilize one of Bermuda's potentially
lucrative satellite location slots, which were granted to Bermuda
in 1983 by the United Nations and International Telecommunications
Union.

The Royal Gazette discloses that the complaint reveals Kiskadee
was granted an exclusivity agreement on a satellite slot by the
Bermuda Government.  But after ProtoStar filed for bankruptcy and
its joint venture with Kiskadee failed, the Bermuda government
terminated the exclusivity deal in June 2010, the report relates.

"This is a civil action for damages arising from the breach of
fiduciary duties, fraud, negligence and related unlawful conduct
of defendants in their role as directors and officers of ProtoStar
Ltd. and affiliates, brought by an injured minority shareholder,"
the complaint states, The Royal Gazette notes.

Kiskadee claims that ProtoStar failed to disclose the full truth
about its financial situation, the report relates.

The Royal Gazette notes that the complaint adds: "The corporate
financing and performance facts shockingly withheld from Kiskadee
which would land ProtoStar in bankruptcy liquidation within a year
of entering into the Joint Venture with Plaintiff, made it
impossible as a business matter for ProtoStar to meet its
obligation to 'use all commercially reasonable efforts to
undertake and complete' certain licensing milestones including, at
a minimum, submitting a form application for the 'issuance to' the
Joint Venture of a license for or 'the formal assignment' of the
satellite orbital slot from the Government of Bermuda to the Joint
Venture."

The court documents go on to reveal that ProtoStar never provided
any funding to the joint venture and was unable "to complete and
submit even a rudimentary application to the Government of
Bermuda.  As a result, the Government terminated Kiskadee's
exclusivity in June 2010 and the valuable opportunity to
commercialise the orbital slot, contributed by Kiskadee to the
Joint Venture, has expired. Only later, after ProtoStar's July
2009 bankruptcy, did Defendant Father admit that the deal with
Kiskadee should never have been pursued due to the investor
restrictions that constrained Proto Star," the report said.

The Royal Gazette says the lawsuit demands compensatory damages
from defendants personally for their fraudulent, unfair, disloyal,
deceptive and negligent actions, in an amount no less than
$18,250,000, plus restitution, disgorgement of profits, punitive
damages, attorneys' fees and interest."

                     About ProtoStar Ltd.

Hamilton, Bermuda-based ProtoStar Ltd. is a satellite operator
formed in 2005 to acquire, modify, launch and operate high-power
geostationary communication satellites for direct-to-home
satellite television and broadband Internet access across the
Asia-Pacific region.

The Company and its affiliates sought Chapter 11 protection
(Bankr. D. Del. Case No. 09-12659) on July 29, 2009.  The Debtor
selected Milbank, Tweed, Hadley & McCloy LLP as lead counsel;
Pachulski Stang Ziehl & Jones LLP as Delaware counsel; Appleby as
Bermuda counsel; UBS Securities LLC as financial advisor and
investment banker and Kurtzman Carson Consultants LLC as claims
and noticing agent.  Lawyers at Lowenstein Sandler PC and
Greenberg Traurig LLP represent the Official Committee of
Unsecured Creditors.

Also on July 29, 2009, ProtoStar and its affiliates, including
ProtoStar Development Ltd. commenced a coordinated proceeding in
the Supreme Court of Bermuda.  John C. McKenna of Finance & Risk
Services Ltd. serves as liquidator of the Bermuda Group.

In their Chapter 11 petitions, the Debtors each estimated their
assets and debts at US$100 million and US$500 million.  As of
December 31, 2008, ProtoStar's consolidated financial statements,
which include non-debtor affiliates, showed total assets of
US$463,000,000 and liabilities totaling US$528,000,000.


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


AMALFI INVESTMENTS: Creditors' Proofs of Debt Due January 19
------------------------------------------------------------
The creditors of Amalfi Investments Limited are required to file
their proofs of debt by January 19, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on December 3, 2010.

The company's liquidator is:

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


ANCHORAGE CROSSOVER: Creditors' Proofs of Debt Due January 19
-------------------------------------------------------------
The creditors of Anchorage Crossover Credit Offshore Fund, Ltd.
are required to file their proofs of debt by January 19, 2011, to
be included in the company's dividend distribution.

The company commenced liquidation proceedings on December 8, 2010.

The company's liquidator is:

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


AVI GERMANY: Creditors' Proofs of Debt Due January 19
-----------------------------------------------------
The creditors of AVI Germany Fund I are required to file their
proofs of debt by January 19, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on December 7, 2010.

The company's liquidator is:

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


CAPSTONE CAYMAN: Creditors & Contributories to Meet on January 20
-----------------------------------------------------------------
The creditors and contributories of Capstone Cayman Special
Purpose Fund L.P. will hold their first meeting on January 20,
2011, at 10:00 a.m.

The company's liquidator is:

         Michael Pearson
         c/o Trudy-Ann Baines
         Deloitte & Touche
         P.O. Box 1787, Grand Cayman KY1-1109
         Cayman Islands
         Telephone: (345) 949 7500
         Facsimile: (345) 949 8238
         e-mail: tabaines@deloitte.com


CHEYNE EQUITY: Creditors' Proofs of Debt Due January 19
-------------------------------------------------------
The creditors of Cheyne Equity Macro Fund Inc. are required to
file their proofs of debt by January 19, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on November 9, 2010.

The company's liquidator is:

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


CONCORD INTERNATIONAL: Creditors' Proofs of Debt Due January 20
---------------------------------------------------------------
The creditors of Concord International Ltd. are required to file
their proofs of debt by January 20, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on December 9, 2010.

The company's liquidator is:

         Tsai Sung-Po
         c/o Neil Gray
         Telephone:  (345) 949 8455
         Facsimile:  (345) 949 8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman KY1-1102
         Cayman Islands


CPI POLICE: Creditors' Proofs of Debt Due January 20
----------------------------------------------------
The creditors of CPI Police Services, Ltd. are required to file
their proofs of debt by January 20, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on November 30,
2010.

The company's liquidator is:

         Linburgh Martin
         c/o Neil Gray
         Telephone: (345) 949 8455
         Facsimile: (345) 949 8499
         Close Brothers (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034, Grand Cayman
         Cayman Islands


EPPING FUNDING: Commences Liquidation Proceedings
-------------------------------------------------
On December 7, 2010, the sole shareholder of Epping Funding
Limited resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 10, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Swiss Re Services Limited
         30 St Mary's Axe
         London


FAIRFIELD ICAHN: Creditors' Proofs of Debt Due January 21
---------------------------------------------------------
The creditors of Fairfield Icahn Fund Ltd are required to file
their proofs of debt by January 21, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on December 6, 2010.

The company's liquidator is:

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


GLOBAL MARITIME: Creditors' Proofs of Debt Due January 19
---------------------------------------------------------
The creditors of Global Maritime Futures Master Fund Limited are
required to file their proofs of debt by January 19, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on December 7, 2010.

The company's liquidator is:

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


ICM OPPORTUNITY: Creditors' Proofs of Debt Due January 19
---------------------------------------------------------
The creditors of ICM Opportunity Master Fund Ltd. are required to
file their proofs of debt by January 19, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on December 7, 2010.

The company's liquidator is:

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


IRI FINANCE: Creditors' Proofs of Debt Due January 19
-----------------------------------------------------
The creditors of Iri Finance & Technology Asia Ltd. are required
to file their proofs of debt by January 19, 2011, to be included
in the company's dividend distribution.

The company commenced liquidation proceedings on November 23,
2010.

The company's liquidator is:

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


JOHNSON HOLDINGS: Placed Under Voluntary Wind-Up
------------------------------------------------
On December 9, 2010, the sole shareholder of Johnson Holdings Ltd.
passed a resolution that voluntarily winds up the company's
operations.

Only creditors who were able to file their proofs of debt by
January 14, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         MBT Trustees Ltd.
         Telephone: 945-8859
         Facsimile: 949-9793/4
         P.O. Box 30622, Grand Cayman KY1-1203
         Cayman Islands


MAXIMUM EMERGING: Commences Liquidation Proceedings
---------------------------------------------------
On December 9, 2010, the sole shareholder of Maximum Emerging Asia
Alpha resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 10, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

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


MELLON OFFSHORE: Creditors' Proofs of Debt Due January 19
---------------------------------------------------------
The creditors of Mellon Offshore Enhanced Global Opportunity
Master Fund, Ltd. are required to file their proofs of debt by
January 19, 2011, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on December 1, 2010.

The company's liquidator is:

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


MULTISTRATEGY CAPITAL: Placed Under Voluntary Wind-Up
-----------------------------------------------------
On November 19, 2010, the sole shareholder of Multistrategy
Capital Investors SPC resolved to voluntarily wind up the
company's operations.

Only creditors who were able to file their proofs of debt by
January 14, 2011, will be included in the company's dividend
distribution.

The company's liquidators are:

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


MULTISTRATEGY CAPITAL: Shareholders Receive Wind-Up Report
----------------------------------------------------------
The shareholders of Multistrategy Capital Investors SPC received
on January 17, 2011, the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidators are:

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


NEW REALM: Creditors' Proofs of Debt Due January 19
---------------------------------------------------
The creditors of New Realm Capital, Ltd. are required to file
their proofs of debt by January 19, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on December 6, 2010.

The company's liquidator is:

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


NEW REALM: Creditors' Proofs of Debt Due January 19
---------------------------------------------------
The creditors of New Realm Intelligence, Ltd. are required to file
their proofs of debt by January 19, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on December 6, 2010.

The company's liquidator is:

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


OAKLEY HOLDINGS: Creditors' Proofs of Debt Due January 26
---------------------------------------------------------
The creditors of Oakley Holdings Ltd are required to file their
proofs of debt by January 26, 2011, to be included in the
company's dividend distribution.

The company was placed under voluntary wind-up on December 1,
2010.

The company's liquidator is:

         EQ Nominees Ltd
         c/o Ian Goddard
         Cereita Lawrence
         P.O. Box 10338, Grand Cayman KY1-1003
         Telephone:  345-949-7232
         e-mail: clawrence@ky.equitytrust.com


OMAN GATEWAY: Commences Liquidation Proceedings
-----------------------------------------------
On December 6, 2010, the sole shareholder of Oman Gateway Fund
Ltd. resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 10, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Ghassan Hitti
         c/o Alan G. de Saram
         Telephone: 949-4544
         Facsimile: 949-8460
         Charles Adams Ritchie & Duckworth
         Zephyr House
         122 Mary Street
         PO Box 709, Grand Cayman KY1-1107
         Cayman Islands


OVERTURE CDO I: Creditors' Proofs of Debt Due January 19
--------------------------------------------------------
The creditors of Overture CDO I (Cayman Islands) Limited are
required to file their proofs of debt by January 19, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on December 8, 2010.

The company's liquidator is:

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


PERSHING SQUARE: Creditors' Proofs of Debt Due January 19
---------------------------------------------------------
The creditors of Pershing Square International IV, Ltd. are
required to file their proofs of debt by January 19, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on December 7, 2010.

The company's liquidator is:

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


PERSHING SQUARE: Creditors' Proofs of Debt Due January 19
---------------------------------------------------------
The creditors of Pershing Square International IVI, Ltd. are
required to file their proofs of debt by January 19, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on December 7, 2010.

The company's liquidator is:

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


PLATINUM MOTORS: Placed Under Voluntary Wind-Up
-----------------------------------------------
On December 7, 2010, the shareholders of Platinum Motors Cayman
Ltd. resolved to voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
January 11, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Brian Nicholas Mackie
         c/o Garage Ltd.
         Wildey, St. Michael
         Barbados
         Telephone: (246) 431-4100
         Facsimile: (246) 426-2276


PLAZA SANNO: Creditors' Proofs of Debt Due January 19
-----------------------------------------------------
The creditors of Plaza Sanno Holding Co., Ltd. are required to
file their proofs of debt by January 19, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on December 8, 2010.

The company's liquidator is:

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


PRIMORES FUND: Commences Liquidation Proceedings
------------------------------------------------
On December 8, 2010, the sole shareholder of Primores Fund II SPC
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 17, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Eric Andersen
         c/o Alan G. de Saram
         Telephone:  949-4544
         Facsimile:  949-8460
         Charles Adams Ritchie & Duckworth
         Zephyr House
         122 Mary Street
         PO Box 709, Grand Cayman KY1-1107
         Cayman Islands


SR YORK: Commences Liquidation Proceedings
------------------------------------------
On December 7, 2010, the sole shareholder of SR York Limited
resolved to voluntarily liquidate the company's business.

Only creditors who were able to file their proofs of debt by
January 10, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

         Swiss Re Services Limited
         30 St Mary's Axe
         London


TORREY PINES: Commences Liquidation Proceedings
-----------------------------------------------
The sole shareholder of Torrey Pines Asia Fund Ltd. resolved on
November 25, 2010, to voluntarily liquidate the company's
business.

Only creditors who were able to file their proofs of debt by
January 10, 2011, will be included in the company's dividend
distribution.

The company's liquidator is:

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


UBS DYNAMIC: Creditors' Proofs of Debt Due January 19
-----------------------------------------------------
The creditors of UBS Dynamic Alpha Strategies Master Fund 3 Ltd.
are required to file their proofs of debt by January 19, 2011, to
be included in the company's dividend distribution.

The company commenced liquidation proceedings on December 3, 2010.

The company's liquidator is:

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


VICTORY ABSOLUTE: Creditors' Proofs of Debt Due January 19
----------------------------------------------------------
The creditors of Victory Absolute Return Credit II Master Fund,
Ltd. are required to file their proofs of debt by January 19,
2011, to be included in the company's dividend distribution.

The company commenced liquidation proceedings on December 8, 2010.

The company's liquidator is:

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


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

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


ARGENTINA

IMPTD AR        IMPSAT FIBER-$US        535007008        -17165000
IMPT AR         IMPSAT FIBER-CED        535007008        -17165000
IMPTC AR        IMPSAT FIBER-C/E        535007008        -17165000
IMPTB AR        IMPSAT FIBER-BLK        535007008        -17165000
330902Q GR      IMPSAT FIBER NET        535007008        -17165000
XIMPT SM        IMPSAT FIBER NET        535007008        -17165000
IMPTQ US        IMPSAT FIBER NET        535007008        -17165000
CADN SW         SOC COMERCIAL PL        138884129       -253031947
COMED AR        COMERCIAL PLAT-$        138884129       -253031947
SCPDS LI        COMERCIAL PL-ADR        138884129       -253031947
CADN EO         SOC COMERCIAL PL        138884129       -253031947
CVVIF US        SOC COMERCIAL PL        138884129       -253031947
SCDPF US        SOC COMERCIAL PL        138884129       -253031947
COMEB AR        COMERCIAL PLA-BL        138884129       -253031947
COME AR         SOC COMERCIAL PL        138884129       -253031947
CAD IX          SOC COMERCIAL PL        138884129       -253031947
COMEC AR        COMERCIAL PL-C/E        138884129       -253031947
SDAGF US        SNIAFA SA-B            11229696.2      -2670544.88
SNIA5 AR        SNIAFA SA-B            11229696.2      -2670544.88
SNIA AR         SNIAFA SA              11229696.2      -2670544.88


BRAZIL


VAGV4 BZ        VARIG SA-PREF           966298026      -4695211316
VARGPN BZ       VARIG SA-PREF           966298026      -4695211316
VARGON BZ       VARIG SA                966298026      -4695211316
VAGV3 BZ        VARIG SA                966298026      -4695211316
AGRE LX         AGRENCO LTD             542862484       -297848371
AGEN11 BZ       AGRENCO LTD-BDR         542862484       -297848371
MILK11 BZ       LAEP-BDR                432349610       -161351898
LEAP LX         LAEP INVESTMENTS        432349610       -161351898
HBTS3 BZ        HABITASUL               408678629      -108615.446
HBTS6 BZ        HABITASUL-PREF B        408678629      -108615.446
HSULAN BZ       HABITASUL-PREF A        408678629      -108615.446
HSULON BZ       HABITASUL               408678629      -108615.446
HSULBN BZ       HABITASUL-PREF B        408678629      -108615.446
HBTS5 BZ        HABITASUL-PREF A        408678629      -108615.446
1CPMON BZ       CIA PETROLIFERA         377602195      -3014291.72
MRLM4 BZ        CIA PETROLIF-PRF        377602195      -3014291.72
1CPMPN BZ       CIA PETROLIF-PRF        377602195      -3014291.72
MRLM3B BZ       CIA PETROLIFERA         377602195      -3014291.72
MRLM4B BZ       CIA PETROLIF-PRF        377602195      -3014291.72
MRLM3 BZ        CIA PETROLIFERA         377602195      -3014291.72
BOBRPN BZ       BOMBRIL CIRIO-PF        316331265       -123554206
BMBBY US        BOMBRIL SA-ADR          316331265       -123554206
BOBRON BZ       BOMBRIL CIRIO SA        316331265       -123554206
BOBR3 BZ        BOMBRIL                 316331265       -123554206
BMBPY US        BOMBRIL SA-ADR          316331265       -123554206
BOBR4 BZ        BOMBRIL-PREF            316331265       -123554206
BOBR1 BZ        BOMBRIL-RIGHTS          316331265       -123554206
BOBR2 BZ        BOMBRIL-RGTS PRE        316331265       -123554206
BMBBF US        BOMBRIL                 316331265       -123554206
TBASY US        TELEBRAS-ADR            262220712      -16698444.2
TELB3 BZ        TELEBRAS SA             262220712      -16698444.2
TLBRUO BZ       TELEBRAS-RECEIPT        262220712      -16698444.2
RCTB41 BZ       TELEBRAS-PF RCPT        262220712      -16698444.2
RCTB40 BZ       TELEBRAS-PF RCPT        262220712      -16698444.2
CBRZF US        TELEBRAS-PF RCPT        262220712      -16698444.2
TLBRPN BZ       TELEBRAS SA-PREF        262220712      -16698444.2
TBH-W US        TELEBRAS/W-I-ADR        262220712      -16698444.2
TCLP1 BZ        TELEBRAS-RTS CMN        262220712      -16698444.2
TBAPF US        TELEBRAS-PF RCPT        262220712      -16698444.2
TELE31 BZ       TELEBRAS-CM RCPT        262220712      -16698444.2
TELB10 BZ       TELEBRAS-RCT PRF        262220712      -16698444.2
TELB9 BZ        TELEBRAS SA-RT          262220712      -16698444.2
RCT4C AR        TELEBRAS-CED C/E        262220712      -16698444.2
81370Z BZ       TELECOMUNICA-ADR        262220712      -16698444.2
TELB30 BZ       TELEBRAS-BLOCK          262220712      -16698444.2
RCTB33 BZ       TELEBRAS-RCT            262220712      -16698444.2
TBRAY GR        TELEBRAS-ADR            262220712      -16698444.2
TLBRUP BZ       TELEBRAS-PF RCPT        262220712      -16698444.2
TELE41 BZ       TELEBRAS-PF RCPT        262220712      -16698444.2
TEL4D AR        TELEBRAS-CEDEA $        262220712      -16698444.2
RCTB32 BZ       TELEBRAS-CM RCPT        262220712      -16698444.2
TBAPY US        TELEBRAS-ADR            262220712      -16698444.2
TELB4 BZ        TELEBRAS SA-PREF        262220712      -16698444.2
TBX GR          TELEBRAS-ADR            262220712      -16698444.2
RTB US          TELEBRAS-ADR            262220712      -16698444.2
RCTB30 BZ       TELEBRAS-CM RCPT        262220712      -16698444.2
RCTB1 BZ        TELEBRAS-RTS CMN        262220712      -16698444.2
TELB40 BZ       TELEBRAS-PF BLCK        262220712      -16698444.2
RCT4D AR        TELEBRAS-CEDEA $        262220712      -16698444.2
TBRTF US        TELEBRAS-CM RCPT        262220712      -16698444.2
RCTB2 BZ        TELEBRAS-RTS PRF        262220712      -16698444.2
TBH US          TELEBRAS-ADR            262220712      -16698444.2
RCTB4 AR        TELEBRAS-CEDE PF        262220712      -16698444.2
TBASF US        TELEBRAS SA             262220712      -16698444.2
TLBRON BZ       TELEBRAS SA             262220712      -16698444.2
RCTB42 BZ       TELEBRAS-PF RCPT        262220712      -16698444.2
TELB1 BZ        TELEBRAS-COM RT         262220712      -16698444.2
RCT4B AR        TELEBRAS-CEDE BL        262220712      -16698444.2
TELB4 AR        TELEBRAS-CEDE PF        262220712      -16698444.2
TEL4C AR        TELEBRAS-CED C/E        262220712      -16698444.2
RCTB31 BZ       TELEBRAS-CM RCPT        262220712      -16698444.2
TLCP2 BZ        TELEBRAS-RTS PRF        262220712      -16698444.2
HOTHON BZ       HOTEIS OTHON SA         255036150      -42606769.7
HOOT3 BZ        HOTEIS OTHON SA         255036150      -42606769.7
HOTHPN BZ       HOTEIS OTHON-PRF        255036150      -42606769.7
HOOT4 BZ        HOTEIS OTHON-PRF        255036150      -42606769.7
TEKA4 BZ        TEKA-PREF               246866965       -392777063
TKTPF US        TEKA-PREF               246866965       -392777063
TEKA3 BZ        TEKA                    246866965       -392777063
TKTPY US        TEKA-ADR                246866965       -392777063
TKTQF US        TEKA                    246866965       -392777063
TKTQY US        TEKA-ADR                246866965       -392777063
TEKAON BZ       TEKA                    246866965       -392777063
TEKAY US        TEKA-ADR                246866965       -392777063
TEKAPN BZ       TEKA-PREF               246866965       -392777063
SNSYAN BZ       SANSUY SA-PREF A        172563384      -94849032.9
SNSYBN BZ       SANSUY SA-PREF B        172563384      -94849032.9
SNSY5 BZ        SANSUY-PREF A           172563384      -94849032.9
SNSY6 BZ        SANSUY-PREF B           172563384      -94849032.9
SNSYON BZ       SANSUY SA               172563384      -94849032.9
SNSY3 BZ        SANSUY                  172563384      -94849032.9
BLDR3 BZ        BALADARE                159454016      -52992212.8
3678565Q BZ     PET MANG-RIGHTS         140673541       -164925695
4115360Q BZ     PET MANG-RT             140673541       -164925695
RPMG10 BZ       PET MANG-RECEIPT        140673541       -164925695
MANGPN BZ       PETRO MANGUIN-PF        140673541       -164925695
RPMG1 BZ        PET MANG-RT             140673541       -164925695
RPMG3 BZ        PETRO MANGUINHOS        140673541       -164925695
RPMG4 BZ        PET MANGUINH-PRF        140673541       -164925695
MANGON BZ       PETRO MANGUINHOS        140673541       -164925695
RPMG9 BZ        PET MANG-RECEIPT        140673541       -164925695
4115364Q BZ     PET MANG-RT             140673541       -164925695
RPMG2 BZ        PET MANG-RT             140673541       -164925695
3678569Q BZ     PET MANG-RIGHTS         140673541       -164925695
IMBION BZ       DOCAS IMBITUBA         96977064.5      -42592602.5
IMBI2 BZ        DOC IMBITUBA-RTP       96977064.5      -42592602.5
IMBI3 BZ        DOC IMBITUBA           96977064.5      -42592602.5
IMBI1 BZ        DOC IMBITUBA-RTC       96977064.5      -42592602.5
IMBI4 BZ        DOC IMBITUB-PREF       96977064.5      -42592602.5
IMBIPN BZ       DOCAS IMBITUB-PR       96977064.5      -42592602.5
VPSC3 BZ        VARIG PART EM SE       96617351.1       -460274609
VPSC4 BZ        VARIG PART EM-PR       96617351.1       -460274609
TXRX4 BZ        RENAUXVIEW SA-PF       73095833.7       -103943215
TXRX1 BZ        TEXTEIS RENAU-RT       73095833.7       -103943215
RENXPN BZ       TEXTEIS RENAUX         73095833.7       -103943215
TXRX10 BZ       TEXTEIS RENA-RCT       73095833.7       -103943215
RENXON BZ       TEXTEIS RENAUX         73095833.7       -103943215
TXRX2 BZ        TEXTEIS RENAU-RT       73095833.7       -103943215
TXRX3 BZ        RENAUXVIEW SA          73095833.7       -103943215
TXRX9 BZ        TEXTEIS RENA-RCT       73095833.7       -103943215
FRNXPN BZ       FABRICA RENAUX-P         63865882      -73255215.1
FTRX1 BZ        FABRICA TECID-RT         63865882      -73255215.1
FTRX4 BZ        FABRICA RENAUX-P         63865882      -73255215.1
FRNXON BZ       FABRICA RENAUX           63865882      -73255215.1
FTRX3 BZ        FABRICA RENAUX           63865882      -73255215.1
MNPRPN BZ       MINUPAR SA-PREF        63144533.8      -60655823.4
MNPR9 BZ        MINUPAR-RCT            63144533.8      -60655823.4
MNPR4 BZ        MINUPAR-PREF           63144533.8      -60655823.4
MNPR1 BZ        MINUPAR-RT             63144533.8      -60655823.4
MNPRON BZ       MINUPAR SA             63144533.8      -60655823.4
MNPR3 BZ        MINUPAR                63144533.8      -60655823.4
VPTA3 BZ        VARIG PART EM TR       49432124.2       -399290426
VPTA4 BZ        VARIG PART EM-PR       49432124.2       -399290426
GAFPN BZ        CIMOB PART-PREF        39881386.6      -41560336.9
GAFON BZ        CIMOB PARTIC SA        39881386.6      -41560336.9
GAFP4 BZ        CIMOB PART-PREF        39881386.6      -41560336.9
GAFP3 BZ        CIMOB PARTIC SA        39881386.6      -41560336.9
SNST3 BZ        SANESALTO                31044051      -1843297.83
STARON BZ       STAROUP SA             27663604.9      -7174512.03
STARPN BZ       STAROUP SA-PREF        27663604.9      -7174512.03
STRP3 BZ        BOTUCATU TEXTIL        27663604.9      -7174512.03
STRP4 BZ        BOTUCATU-PREF          27663604.9      -7174512.03
1009Q BZ        CONST BETER-PR B       25469474.3      -4918662.56
1COBBN BZ       CONST BETER-PF B       25469474.3      -4918662.56
COBE3 BZ        CONST BETER SA         25469474.3      -4918662.56
1008Q BZ        CONST BETER-PR A       25469474.3      -4918662.56
COBE5 BZ        CONST BETER-PF A       25469474.3      -4918662.56
COBEON BZ       CONST BETER SA         25469474.3      -4918662.56
1COBON BZ       CONST BETER SA         25469474.3      -4918662.56
1COBAN BZ       CONST BETER-PF A       25469474.3      -4918662.56
COBEBN BZ       CONST BETER-PR B       25469474.3      -4918662.56
COBEAN BZ       CONST BETER-PR A       25469474.3      -4918662.56
COBE3B BZ       CONST BETER SA         25469474.3      -4918662.56
1007Q BZ        CONST BETER SA         25469474.3      -4918662.56
COBE6 BZ        CONST BETER-PF B       25469474.3      -4918662.56
STLB9 BZ        STEEL - RCT ORD        22548846.4       -4346785.7
STLB3 BZ        STEEL DO BRASIL        22548846.4       -4346785.7
STLB1 BZ        STEEL - RT             22548846.4       -4346785.7
CCHI3 BZ        CHIARELLI SA           22274026.8      -44537138.2
CCHI4 BZ        CHIARELLI SA-PRF       22274026.8      -44537138.2
CCHON BZ        CHIARELLI SA           22274026.8      -44537138.2
CCHPN BZ        CHIARELLI SA-PRF       22274026.8      -44537138.2
HAGA4 BZ        FER HAGA-PREF          21299042.6      -62858771.3
HAGA3 BZ        HAGA                   21299042.6      -62858771.3
HAGAON BZ       FERRAGENS HAGA         21299042.6      -62858771.3
HAGAPN BZ       FERRAGENS HAGA-P       21299042.6      -62858771.3
CAFE3 BZ        CAF BRASILIA           21097369.7       -903951461
CSBRPN BZ       CAFE BRASILIA-PR       21097369.7       -903951461
CSBRON BZ       CAFE BRASILIA SA       21097369.7       -903951461
CAFE4 BZ        CAF BRASILIA-PRF       21097369.7       -903951461
FTSJON BZ       TECEL S JOSE           19067322.2      -52580501.1
SJOS3 BZ        TECEL S JOSE           19067322.2      -52580501.1
SJOS4 BZ        TECEL S JOSE-PRF       19067322.2      -52580501.1
FTSJPN BZ       TECEL S JOSE-PRF       19067322.2      -52580501.1
NORDON BZ       NORDON METAL           16108142.8      -22352940.6
NORD3 BZ        NORDON MET             16108142.8      -22352940.6
NORD1 BZ        NORDON MET-RTS         16108142.8      -22352940.6
UNCI3 BZ        UNI CIDADE             15873892.4      -6485540.41
GAZON BZ        GAZOLA SA              12452143.1      -40298506.3
GAZO9 BZ        GAZOLA-RCPTS CMN       12452143.1      -40298506.3
GAZO10 BZ       GAZOLA-RCPT PREF       12452143.1      -40298506.3
GAZO3 BZ        GAZOLA                 12452143.1      -40298506.3
GAZPN BZ        GAZOLA SA-PREF         12452143.1      -40298506.3
GAZO11 BZ       GAZOLA SA-DVD CM       12452143.1      -40298506.3
GAZO4 BZ        GAZOLA-PREF            12452143.1      -40298506.3
GAZO12 BZ       GAZOLA SA-DVD PF       12452143.1      -40298506.3
ARLA9 BZ        ARTHUR LANG-RC C       11642255.9      -17154461.9
ARLA10 BZ       ARTHUR LANG-RC P       11642255.9      -17154461.9
ARLA1 BZ        ARTHUR LANG-RT C       11642255.9      -17154461.9
ALICON BZ       ARTHUR LANGE SA        11642255.9      -17154461.9
ARLA3 BZ        ARTHUR LANGE           11642255.9      -17154461.9
ARLA11 BZ       ARTHUR LAN-DVD C       11642255.9      -17154461.9
ARLA4 BZ        ARTHUR LANGE-PRF       11642255.9      -17154461.9
ARLA2 BZ        ARTHUR LANG-RT P       11642255.9      -17154461.9
ALICPN BZ       ARTHUR LANGE-PRF       11642255.9      -17154461.9
ARLA12 BZ       ARTHUR LAN-DVD P       11642255.9      -17154461.9
FGUI3 BZ        F GUIMARAES            11016542.1       -151840377
FGUIPN BZ       FERREIRA GUIM-PR       11016542.1       -151840377
FGUI4 BZ        F GUIMARAES-PREF       11016542.1       -151840377
FGUION BZ       FERREIRA GUIMARA       11016542.1       -151840377


COLOMBIA

TELEX CI        CHILESAT CORP SA        953784479       -103476159
CHILESAT CI     TELMEX CORP SA          953784479       -103476159
TL US           CHILESAT CO-ADR         953784479       -103476159
CHISATOS CI     CHILESAT CO-RTS         953784479       -103476159
TELEXO CI       TELEX-RTS               953784479       -103476159
TELEXA CI       TELEX-A                 953784479       -103476159
CSAOY US        TELMEX CORP-ADR         953784479       -103476159


                            ***********


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


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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 2011.  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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