TCRLA_Public/110913.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, September 13, 2011, Vol. 12, No. 181

                            Headlines



A R G E N T I N A

ABACCO CONSULTORES: Creditors' Proofs of Debt Due November 4
ANEDRA SA: Creditors' Proofs of Debt Due October 4
BIBINA SA: Creditors' Proofs of Debt Due October 18
PAUTAS Y MEDIOS: Creditors' Proofs of Debt Due November 4
POCAPE SA: Creditors' Proofs of Debt Due October 19

SOPORTES ACCESORIOS: Creditors' Proofs of Debt Due October 4
WACU SRL: Creditors' Proofs of Debt Due November 14


B E R M U D A

LENARD'S INTERNATIONAL: Creditors' Proofs of Debt Due Sept. 14
LENARD'S INTERNATIONAL: Member to Get Wind-Up Report on Oct. 5
PARAGON INSURANCE: Creditors' Proofs of Debt Due September 16
PARAGON INSURANCE: Members' Final Meeting Set for October 4
PD BERMUDA FINANCE: Creditors' Proofs of Debt Due September 14

PD BERMUDA FINANCE: Members' Final Meeting Set for October 4
PUTNAM GREEN: Creditors' Proofs of Debt Due September 16
S.K. HOLDINGS: Creditors' Proofs of Debt Due September 30
SMITH/HODGSON LIMITED: Members' Final Meeting Set for October 3
TERRA NOVA: Creditors' Proofs of Debt Due September 14

TERRA NOVA: Members' Final Meeting Set for October 4
TETONS INVESTMENTS: Creditors' Proofs of Debt Due September 16
TETONS INVESTMENTS: Members' Final Meeting Set for October 4


J A M A I C A

C&W JAMAICA: To Benefit From Digicel Group/Claro Jamaica Merger
JAMALCO: Jamaica Government Reviews Bid for Firm's Shares


P U E R T O   R I C O

ALLENDE CORPORATION: Case Summary & 4 Largest Unsecured Creditors
HOTEL AIRPORT: To Hire Latimer Biaggi for P.R. Airport Issues
HOTEL AIRPORT: Hires Lizarribar-Masini as PPPA Counsel
* Bankruptcy Judge Edward Godoy Gets 14-Year Term of Office


X X X X X X X X

* Large Companies With Insolvent Balance Sheets


                            - - - - -


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


ABACCO CONSULTORES: Creditors' Proofs of Debt Due November 4
------------------------------------------------------------
Imes Etelvina Clos, the court-appointed trustee for Abacco
Consultores SA's bankruptcy proceedings, will be verifying
creditors' proofs of claim until November 4, 2011.

Ms. Clos will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 4
in Buenos Aires, with the assistance of Clerk No. 8, will
determine if the verified claims are admissible, taking into
account the trustee's opinion, and the objections and challenges
that will be raised by the company and its creditors.

The Trustee can be reached at:

         Imes Etelvina Clos
         Sarmiento 944
         Argentina


ANEDRA SA: Creditors' Proofs of Debt Due October 4
--------------------------------------------------
Mirta Addario, the court-appointed trustee for Anedra SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until October 4, 2011.

Ms. Addario will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 6 in Buenos Aires, with the assistance of Clerk
No. 12, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Mirta Addario
         Lavalle 1454
         Argentina


BIBINA SA: Creditors' Proofs of Debt Due October 18
---------------------------------------------------
Luis M. Riccardini, the court-appointed trustee for Bibina SA's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until October 18, 2011.

Mr. Riccardini will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 8 in Buenos Aires, with the assistance of Clerk
No. 16, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Luis M. Riccardini
         Bartolome Mitre 1371
         Argentina


PAUTAS Y MEDIOS: Creditors' Proofs of Debt Due November 4
---------------------------------------------------------
Jose Teodoro Gonzalez, the court-appointed trustee for Pautas y
Medios SA's bankruptcy proceedings, will be verifying creditors'
proofs of claim until November 4, 2011.

Mr. Gonzalez will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 7 in Buenos Aires, with the assistance of Clerk
No. 14, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Jose Teodoro Gonzalez
         Avenida Cordoba 2444
         Argentina


POCAPE SA: Creditors' Proofs of Debt Due October 19
---------------------------------------------------
Cesar Alberto Carlino, the court-appointed trustee for Pocape
SA's bankruptcy proceedings, will be verifying creditors' proofs
of claim until October 19, 2011.

Mr. Carlino will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 7 in Buenos Aires, with the assistance of Clerk
No. 14, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

The Trustee can be reached at:

         Cesar Alberto Carlino
         Bolivia 4309


SOPORTES ACCESORIOS: Creditors' Proofs of Debt Due October 4
------------------------------------------------------------
Adriana Raquel Esnaola, the court-appointed trustee for Soportes
Accesorios Continuos SA's reorganization proceedings, will be
verifying creditors' proofs of claim until October 4, 2011.

Ms. Esnaola will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 22 in Buenos Aires, with the assistance of Clerk
No. 43, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

Creditors will vote to ratify the completed settlement plan
during the assembly on July 4, 2012.

The Trustee can be reached at:

         Adriana Raquel Esnaola
         Paraguay 489


WACU SRL: Creditors' Proofs of Debt Due November 14
---------------------------------------------------
Isabel Ana Ramirez, the court-appointed trustee for Wacu SRL's
bankruptcy proceedings, will be verifying creditors' proofs of
claim until November 14, 2011.

Ms. Ramirez will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 13 in Buenos Aires, with the assistance of Clerk
No. 26, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.

Creditors will vote to ratify the completed settlement plan
during the assembly on August 27, 2012.

The Trustee can be reached at:

         Isabel Ana Ramirez
         Teniente General Juan D. Peron 2082
         Argentina


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


LENARD'S INTERNATIONAL: Creditors' Proofs of Debt Due Sept. 14
--------------------------------------------------------------
The creditors of Lenard's International Food Enterprises Limited
are required to file their proofs of debt by September 14, 2011,
to be included in the company's dividend distribution.

The company commenced wind-up proceedings on August 29, 2011.

The company's liquidator is:

         Christopher C. Morris
         Century House, 16 Par-la-Ville Road
         Hamilton
         Bermuda


LENARD'S INTERNATIONAL: Member to Get Wind-Up Report on Oct. 5
--------------------------------------------------------------
The member of Lenard's International Food Enterprises Limited
will receive on October 5, 2011, at 10:00 a.m., the liquidator's
report on the company's wind-up proceedings and property
disposal.

The company commenced wind-up proceedings on August 29, 2011.

The company's liquidator is:

         Christopher C. Morris
         Century House, 16 Par-la-Ville Road
         Hamilton
         Bermuda


PARAGON INSURANCE: Creditors' Proofs of Debt Due September 16
-------------------------------------------------------------
The creditors of Paragon Insurance Company Limited are required
to file their proofs of debt by September 16, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on August 28, 2011.

The company's liquidator is:

         Jonathan D.G. Betts
         Cox Hallett Wilkinson Limited
         Bermuda


PARAGON INSURANCE: Members' Final Meeting Set for October 4
-----------------------------------------------------------
The members of Paragon Insurance Company Limited will hold their
final meeting on October 4, 2011, 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 August 28, 2011.

The company's liquidator is:

         Jonathan D.G. Betts
         Cox Hallett Wilkinson Limited
         Bermuda


PD BERMUDA FINANCE: Creditors' Proofs of Debt Due September 14
--------------------------------------------------------------
The creditors of PD Bermuda Finance Company, Ltd. are required to
file their proofs of debt by September 14, 2011, to be included
in the company's dividend distribution.

The company commenced wind-up proceedings on August 29, 2011.

The company's liquidator is:

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


PD BERMUDA FINANCE: Members' Final Meeting Set for October 4
------------------------------------------------------------
The members of PD Bermuda Finance Company, Ltd. will hold their
final meeting on October 4, 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 August 29, 2011.

The company's liquidator is:

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


PUTNAM GREEN: Creditors' Proofs of Debt Due September 16
--------------------------------------------------------
The creditors of Putnam Green Ltd. are required to file their
proofs of debt by September 16, 2011, to be included in the
company's dividend distribution.

The company intends to declare dividend on September 30, 2011.

The company's liquidator is:

         Nigel Chatterjee
         c/o Pricewater-houseCoopers
         P.O. Box 1171 Hamilton
         HM EX
         Bermuda


S.K. HOLDINGS: Creditors' Proofs of Debt Due September 30
---------------------------------------------------------
The creditors of S.K. Holdings Limited are required to file their
proofs of debt by September 30, 2011, to be included in the
company's dividend distribution.


SMITH/HODGSON LIMITED: Members' Final Meeting Set for October 3
---------------------------------------------------------------
The members of Smith/Hodgson Limited will hold their final
meeting on October 3, 2011, at 10:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The meeting will be held at the offices of The Property Law Group
Ltd., Suite 202, Commerce Building, 54 Reid Street, in Hamilton
HM12, Bermuda.


TERRA NOVA: Creditors' Proofs of Debt Due September 14
------------------------------------------------------
The creditors of Terra Nova (Bermuda) Holdings Ltd. are required
to file their proofs of debt by September 14, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on August 29, 2011.

The company's liquidator is:

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


TERRA NOVA: Members' Final Meeting Set for October 4
----------------------------------------------------
The members of Terra Nova (Bermuda) Holdings Ltd. will hold their
final meeting on October 4, 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 August 29, 2011.

The company's liquidator is:

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


TETONS INVESTMENTS: Creditors' Proofs of Debt Due September 16
--------------------------------------------------------------
The creditors of Tetons Investments (Bermuda) Limited are
required to file their proofs of debt by September 16, 2011, to
be included in the company's dividend distribution.

The company commenced wind-up proceedings on August 28, 2011.

The company's liquidator is:

         Jonathan D.G. Betts
         Cox Hallett Wilkinson Limited
         Bermuda


TETONS INVESTMENTS: Members' Final Meeting Set for October 4
------------------------------------------------------------
The members of Tetons Investments (Bermuda) Limited will hold
their final meeting on October 4, 2011, 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 August 28, 2011.

The company's liquidator is:

         Jonathan D.G. Betts
         Cox Hallett Wilkinson Limited
         Bermuda


=============
J A M A I C A
=============


C&W JAMAICA: To Benefit From Digicel Group/Claro Jamaica Merger
---------------------------------------------------------------
RJR News reports that analysts said that the conditions outlined
in Jamaica government's approval of the proposed deal for Digicel
Group to take over Claro Jamaica will bring great benefits to
rival Cable and Wireless Jamaica.

The analysis was given by international investment banks,
Investec and Deutsche Bank.

As reported in the Troubled Company Reporter-Latin America on
Sept. 2, 2011, The Gleaner related that the Jamaican government
has approved Digicel Group's acquisition of Claro Jamaica.  Prime
Minister Bruce Golding, however, said that the approval is on the
proviso that Digicel Group continues to operate two separate
networks, in what is meant to be a check on the market leader's
dominance, according to The Gleaner.  The Gleaner noted that
Digicel Group wanted to integrate the operations into a single
network, but Prime Minister Golding rejected that plan.

Analyst Morgan Singleton, from Investec, said the conditions
suggest a more favorable competitive regime for Cable and
Wireless, which they may see as soon as in another six weeks,
according to RJR News.

The report says that the issue of a reduction in the
interconnection rates was also highlighted by Investec, which
said this, if implemented, would significantly improve Cable and
Wireless' competitive positioning in the market.

RJR News says that the investment bank also said a strengthening
of the legal and regulatory frameworks, as disclosed by Prime
Minister Bruce Golding, will potentially level the playing field
for Cable and Wireless.

Over at Deutsche Bank, the comments were that the condition
effectively removed the benefit of the merger, the report
discloses.

RJR News says that it was suggested by Investec that the lack of
any comment from Cable and Wireless is predicated on the risk
that the proposal for Digicel Group to take over Claro may not be
pushed through.

The deal is not only subject to approval for Digicel to take over
Claro's business in Jamaica but also for Claro to take over
Digicel's businesses in Honduras and El Salvador, the report
adds.

Cable & Wireless Jamaica Limited -- http://www.cwjamaica.com/--
provides domestic and international telecommunications services
to businesses and residential customers in Jamaica.

                           *     *     *

As reported in the Troubled Company Reporter-Latin America on
Aug. 19, 2011, Cable & Wireless Jamaica Limited incurred a
JM$6.11 billion loss attributed to stockholders in the twelve
months ended March 31, 2011.  The Company also incurred a
JM$1.30 billion loss attributable to stockholders on
JM$4.61 billion of revenue in the three months ended June 30,
2011, from a JM$595.66 million loss attributable to stockholders
on JM$4.69 billion of revenue in the same period last year.


JAMALCO: Jamaica Government Reviews Bid for Firm's Shares
---------------------------------------------------------
Jamaica Gleaner reports the Jamaican government said, in
disclosures made by Finance Minister Audley Shaw to lawmakers,
the sale of its holdings in the JAMALCO (Alcoa Minerals of
Jamaica) refinery is imminent, and that negotiations are ongoing
with two parties.

Jamaica's 45% stake in JAMALCO, held by Clarendon Alumina
Productions (CAP), has been on the market for more than a year
but reaching a deal has been complicated by its debt obligations
to Glencore International, according to Jamaica Observer.  "That
process is within sight as the government is currently evaluating
two firm offers that are on the table for the divestment of CAP,"
Jamaica Observer quoted Mr. Shaw as saying.

As reported in the Troubled Company Reporter-Latin America on
Sept. 9, 2011, RJR News said that unnamed sources said the
Jamaican government has received at least two offers for its
stake in JAMALCO's alumina refinery.  Switzerland-based
commodities trader, Glencore and Chinese metals trader, Zhuhai
Hongfan, are rumored to be the potential bidders for the
government's stake, according to RJR News.  The report noted that
the government owns 45% of JAMALCO through the Clarendon Alumina
Partners, and has been trying, since last year, to offload that
stake, because of its hefty cost associated with a forward sale
agreement.  RJR News related that Jamaica Prime Minister Bruce
Golding said that the forward sale agreement had cost taxpayers
more than JM$12 billion since 2002.  The report relayed that
Prime Minister Golding said that if the government's stake was
not divested, taxpayers would be asked to pay a further
JM$15 billion before the contract ends in 2013.

                          About JAMALCO

JAMALCO (Alcoa Minerals of Jamaica) is a wholly owned subsidiary
of Alcoa.  JAMALCO mines bauxite and refines it into alumina
before exporting the alumina from its port at Rocky Point,
Clarendon.

                          *     *     *

As reported in the Troubled Company Reporter-Latin America on
April 13, 2009, Radio Jamaica News said Alcoa plans to cut
13,500 jobs or 13% of the work force in Jamaica, because of the
global slowdown.  Alcoa is also selling four business units and
reducing output to save money, the report noted.  Caribbean Net
News said the government is holding talks with potential
purchasers for its 45% stake in the Jamalco refinery in south-
central parish of Clarendon.  Aluminum giant Alcoa holds 55% of
the company, which has a production capacity of 1.4 million tons
of alumina.


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


ALLENDE CORPORATION: Case Summary & 4 Largest Unsecured Creditors
-----------------------------------------------------------------
Debtor: Allende Corporation
        P.O. Box 51085
        Toa Baja, PR 00950-1085

Bankruptcy Case No.: 11-07555

Chapter 11 Petition Date: September 1, 2011

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Wigberto Lugo Mender, Esq.
                  LUGO MENDER & CO
                  Centro Internacional de Mercadeo
                  Carr 165 Torre 1, Suite 501
                  Guaynabo, PR 00968
                  Tel: (787) 707-0404
                  E-mail: wlugo@lugomender.com

Scheduled Assets: US$1,214,749

Scheduled Debts: US$809,765

A list of the Company's four largest unsecured creditors filed
together with the petition is available for free at
http://bankrupt.com/misc/prb11-07555.pdf

The petition was signed by Victor M. Allende Reyes, president.


HOTEL AIRPORT: To Hire Latimer Biaggi for P.R. Airport Issues
-------------------------------------------------------------
Hotel Airport Inc. seeks permission from the U.S. Bankruptcy
Court for the District of Puerto Rico to retain Latimer, Biaggi,
Rachid & Godreau, LLP, as special counsel to:

   -- represent it in any matters related to Autoridad de los
      Puertos de Puerto Rico and provide legal counsel as to the
      said matter; and

   -- to assist it in formulating, drafting the corresponding
      papers, and executing a  corporate merger with Caribbean
      Airport Facilities Inc.

The Debtor believes that Latimer Biaggi's hourly rates at US$175
for counsel and US$125 for associates are reasonable and fair.
The Debtor also believes it is fair to reimbursement the firm's
necessary expenses in relation to the retention.

To the best of Debtor's knowledge, Latimer Biaggi is a
"disinterested person" as the term is defined under 11 U.S.C.
Section 101(14).

                       About Hotel Airport

Hotel Airport Inc., in San Juan, Puerto Rico, filed for Chapter
11 bankruptcy (Bankr. D. P.R. Case No. 11-06620) on Aug. 5, 2011.
Judge Enrique S. Lamoutte Inclan oversees the case.  Edgardo
Munoz, PSC, serves as bankruptcy counsel.  In its petition, the
Debtor estimated US$10 million to $50 million in both assets and
debts.  The petition was signed by David Tirri, its president.


HOTEL AIRPORT: Hires Lizarribar-Masini as PPPA Counsel
------------------------------------------------------
Hotel Airport Inc. seeks permission from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ Lizarribar-Masini
Law Office as counsel.

As counsel, the firm will, among other things:

   a. represent the Debtor in all matters regarding the Puerto
      Rico Ports Authority;

   b. perform other legal services for the Debtor as may be
      required in this proceeding or in connection with the
      operation of the Debtor's business; and

   c. employ other professional services, if necessary.

The terms of compensation agreed are a US$150 hourly rate plus
costs.  The hourly rates are subject to change to account for
ordinary increases of the rates, but subject to prior notice.

                       About Hotel Airport

Hotel Airport Inc., in San Juan, Puerto Rico, filed for Chapter
11 bankruptcy (Bankr. D. P.R. Case No. 11-06620) on Aug. 5, 2011.
Judge Enrique S. Lamoutte Inclan oversees the case.  Edgardo
Munoz, PSC, serves as bankruptcy counsel.  In its petition, the
Debtor estimated US$10 million to US$50 million in both assets
and debts.  The petition was signed by David Tirri, its
president.


* Bankruptcy Judge Edward Godoy Gets 14-Year Term of Office
-----------------------------------------------------------
The U.S. Court of Appeals for the First Circuit appointed
Bankruptcy Judge Edward A. Godoy to a 14-year term of office,
through Aug. 31, 2025, in Ponce, Puerto Rico, effective as of
Sept. 1, 2011.


===============
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-USD     IMPTD AR          535007008        -17164978
IMPSAT FIBER-C/E     IMPTC AR          535007008        -17164978
IMPSAT FIBER NET     IMPTQ US          535007008        -17164978
IMPSAT FIBER NET     XIMPT SM          535007008        -17164978
IMPSAT FIBER-BLK     IMPTB AR          535007008        -17164978
IMPSAT FIBER NET     330902Q GR        535007008        -17164978
IMPSAT FIBER-CED     IMPT AR           535007008        -17164978
SOC COMERCIAL PL     CADN SW           177502185       -343324573
SOC COMERCIAL PL     CAD IX            177502185       -343324573
SOC COMERCIAL PL     CADN EU           177502185       -343324573
SOC COMERCIAL PL     SCDPF US          177502185       -343324573
SOC COMERCIAL PL     CVVIF US          177502185       -343324573
SOC COMERCIAL PL     CADN EO           177502185       -343324573
SOC COMERCIAL PL     COME AR           177502185       -343324573
COMERCIAL PL-ADR     SCPDS LI          177502185       -343324573
SOC COMERCIAL PL     COMEC AR          177502185       -343324573
COMERCIAL PLA-BL     COMEB AR          177502185       -343324573
SOC COMERCIAL PL     COMED AR          177502185       -343324573
SOCOTHERM-SP ADR     SOCOY US          101075648         -3157975
SOCOTHERM SA-B       STHE AR           101075648         -3157975
SOCOTHERM-5 VT-A     STHE5 AR          101075648         -3157975
SNIAFA SA-B          SNIA5 AR           11229696         -2670544
SNIAFA SA            SNIA AR            11229696         -2670544
SNIAFA SA-B          SDAGF US           11229696         -2670544

BELIZE

VARIG SA-PREF        VARGPN BZ         966298025      -4695211316
VARIG SA             VARGON BZ         966298025      -4695211316
VARIG SA-PREF        VAGV4 BZ          966298025      -4695211316
VARIG SA             VAGV3 BZ          966298025      -4695211316
AGRENCO LTD-BDR      AGEN11 BZ         637647275       -312199404
AGRENCO LTD          AGRE LX           637647275       -312199404
BOMBRIL              BMBBF US          451055441        -71738547
BOMBRIL-RGTS PRE     BOBR2 BZ          451055441        -71738547
BOMBRIL CIRIO-PF     BOBRPN BZ         451055441        -71738547
BOMBRIL SA-ADR       BMBBY US          451055441         71738547
BOMBRIL              BOBR3 BZ          451055441        -71738547
BOMBRIL-RIGHTS       BOBR1 BZ          451055441        -71738547
BOMBRIL SA-ADR       BMBPY US          451055441        -71738547
BOMBRIL CIRIO SA     BOBRON BZ         451055441        -71738547
BOMBRIL-PREF         BOBR4 BZ          451055441        -71738547
CIA PETROLIFERA      MRLM3 BZ          377602195         -3014291
CIA PETROLIF-PRF     MRLM4B BZ         377602195         -3014291
CIA PETROLIFERA      1CPMON BZ         377602195         -3014291
CIA PETROLIF-PRF     1CPMPN BZ         377602195         -3014291
CIA PETROLIF-PRF     MRLM4 BZ          377602195         -3014291
CIA PETROLIFERA      MRLM3B BZ         377602195         -3014291
BATTISTELLA-RI P     BTTL2 BZ          355816098         -2564562
BATTISTELLA-RIGH     BTTL1 BZ          355816098         -2564562
BATTISTELLA-RECE     BTTL9 BZ          355816098         -2564562
BATTISTELLA-RECP     BTTL10 BZ         355816098         -2564562
BATTISTELLA          BTTL3 BZ          355816098         -2564562
BATTISTELLA-PREF     BTTL4 BZ          355816098         -2564562
DOCAS SA             DOCAON BZ         354715604       -119368960
DOCA INVESTI-PFD     DOCA4 BZ          354715604       -119368960
DOCAS SA-PREF        DOCAPN BZ         354715604       -119368960
DOCA INVESTIMENT     DOCA3 BZ          354715604       -119368960
DOCAS SA-RTS PRF     DOCA2 BZ          354715604       -119368960
TELEBRAS-PF BLCK     TELB40 BZ         280204646        -21109882
TELEBRAS-RTS PRF     RCTB2 BZ          280204646        -21109882
TELEBRAS-COM RT      TELB1 BZ          280204646        -21109882
TELEBRAS-CED C/E     TEL4C AR          280204646        -21109882
TELEBRAS-ADR         TBASY US          280204646        -21109882
TELEBRAS-CM RCPT     TBRTF US          280204646        -21109882
TELEBRAS-CEDE PF     RCT4D AR          280204646        -21109882
TELEBRAS-CEDE PF     RCTB4 AR          280204646        -21109882
TELEBRAS-PF RCPT     RCTB41 BZ         280204646        -21109882
TELEBRAS-RTS CMN     RCTB1 BZ          280204646        -21109882
TELEBRAS-RECEIPT     TLBRUO BZ         280204646        -21109882
TELEBRAS-CM RCPT     TELE31 BZ         280204646        -21109882
TELEBRAS SA-PREF     TLBRPN BZ         280204646        -21109882
TELEBRAS SA          TBASF US          280204646        -21109882
TELEBRAS-PF RCPT     RCTB40 BZ         280204646        -21109882
TELEBRAS-CM RCPT     RCTB31 BZ         280204646        -21109882
TELEBRAS-RCT         RCTB33 BZ         280204646        -21109882
TELEBRAS-RCT PRF     TELB10 BZ         280204646        -21109882
TELEBRAS-RTS PRF     TLCP2 BZ          280204646        -21109882
TELEBRAS-BLOCK       TELB30 BZ         280204646        -21109882
TELEBRAS-ADR         TBRAY GR          280204646        -21109882
TELEBRAS-PF RCPT     CBRZF US          280204646        -21109882
TELEBRAS-RTS CMN     TCLP1 BZ          280204646        -21109882
TELECOMUNICA-ADR     81370Z BZ         280204646        -21109882
TELEBRAS-ADR         TBH US            280204646        -21109882
TELEBRAS-CEDEA $     TEL4D AR          280204646        -21109882
TELEBRAS-CEDE PF     RCT4C AR          280204646        -21109882
TELEBRAS-PF RCPT     TBAPF US          280204646        -21109882
TELEBRAS-ADR         TBAPY US          280204646        -21109882
TELEBRAS SA-RT       TELB9 BZ          280204646        -21109882
TELEBRAS SA-PREF     TELB4 BZ          280204646        -21109882
TELEBRAS/W-I-ADR     TBH-W US          280204646        -21109882
TELEBRAS-PF RCPT     TELE41 BZ         280204646        -21109882
TELEBRAS-CEDE PF     TELB4 AR          280204646        -21109882
TELEBRAS SA          TELB3 BZ          280204646        -21109882
TELEBRAS-PF RCPT     RCTB42 BZ         280204646        -21109882
TELEBRAS-ADR         RTB US            280204646        -21109882
TELEBRAS-CM RCPT     RCTB32 BZ         280204646        -21109882
TELEBRAS-ADR         TBX GR            280204646        -21109882
TELEBRAS SA          TLBRON BZ         280204646        -21109882
TELEBRAS-CM RCPT     RCTB30 BZ         280204646        -21109882
TELEBRAS-CEDE BL     RCT4B AR          280204646        -21109882
TELEBRAS-PF RCPT     TLBRUP BZ         280204646        -21109882
HOTEIS OTHON SA      HOOT3 BZ          255036149       -426067695
HOTEIS OTHON-PRF     HOOT4 BZ          255036149       -426067695
HOTEIS OTHON-PRF     HOTHPN BZ         255036149       -426067695
HOTEIS OTHON SA      HOTHON BZ         255036149       -426067695
TEKA                 TKTQF US          246866965       -392777063
TEKA-ADR             TKTPY US          246866965       -392777063
TEKA-PREF            TEKAPN BZ         246866965       -392777063
TEKA-ADR             TKTQY US          246866965        392777063
TEKA                 TEKAON BZ         246866965       -392777063
TEKA                 TEKA3 BZ          246866965       -392777063
TEKA-ADR             TEKAY US          246866965       -392777063
TEKA-PREF            TEKA4 BZ          246866965       -392777063
TEKA-PREF            TKTPF US          246866965       -392777063
PETRO MANGUIN-PF     MANGPN BZ         231024467       -184606117
PET MANG-RECEIPT     RPMG9 BZ          231024467       -184606117
PETRO MANGUINHOS     MANGON BZ         231024467       -184606117
PET MANG-RIGHTS      3678565Q BZ       231024467       -184606117
PET MANG-RT          RPMG1 BZ          231024467       -184606117
PET MANGUINH-PRF     RPMG4 BZ          231024467       -184606117
PET MANG-RIGHTS      3678569Q BZ       231024467       -184606117
PETRO MANGUINHOS     RPMG3 BZ          231024467       -184606117
PET MANG-RT          4115360Q BZ       231024467       -184606117
PET MANG-RT          4115364Q BZ       231024467       -184606117
PET MANG-RECEIPT     RPMG10 BZ         231024467       -184606117
PET MANG-RT          RPMG2 BZ          231024467       -184606117
SANSUY               SNSY3 BZ          200809364       -115213256
SANSUY-PREF A        SNSY5 BZ          200809364       -115213256
SANSUY SA-PREF B     SNSYBN BZ         200809364       -115213256
SANSUY SA-PREF A     SNSYAN BZ         200809364       -115213256
SANSUY-PREF B        SNSY6 BZ          200809364       -115213256
SANSUY SA            SNSYON BZ         200809364       -115213256
D H B-PREF           DHBI4 BZ          185992309       -151323933
D H B                DHBI3 BZ          185992309       -151323933
DHB IND E COM-PR     DHBPN BZ          185992309       -151323933
DHB IND E COM        DHBON BZ          185992309       -151323933
BALADARE             BLDR3 BZ          159454015       -529922121
FABRICA RENAUX-P     FRNXPN BZ         109683743       -488361468
FABRICA TECID-RT     FTRX1 BZ          109683743       -488361468
FABRICA RENAUX-P     FTRX4 BZ          109683743       -488361468
FABRICA RENAUX       FTRX3 BZ          109683743       -488361468
FABRICA RENAUX       FRNXON BZ         109683743       -488361468
WETZEL SA            MWET3 BZ          100017711       -535934519
WETZEL SA            MWELON BZ         100017711       -535934519
WETZEL SA-PREF       MWELPN BZ         100017711       -535934519
WETZEL SA-PREF       MWET4 BZ          100017711       -535934519
DOC IMBITUBA-RT      IMBI1 BZ          96977064        -425926022
DOC IMBITUBA-RTP     8174507Q BZ       96977064        -425926022
DOC IMBITUBA         IMBI3 BZ          96977064        -425926022
DOC IMBITUBA-RT      8218594Q BZ       96977064        -425926022
DOC IMBITUB-PREF     IMBI4 BZ          96977064        -425926022
DOCAS IMBITUB-PR     IMBIPN BZ         96977064        -425926022
DOC IMBITUBA-RTC     8174503Q BZ       96977064        -425926022
DOCAS IMBITUBA       IMBION BZ         96977064        -425926022
DOC IMBITUBA-RT      9866923Q BZ       96977064        -425926022
ESTRELA SA-PREF      ESTRPN BZ         89585906        -807614863
ESTRELA SA-PREF      ESTR4 BZ          89585906        -807614863
ESTRELA SA           ESTRON BZ         89585906        -807614863
ESTRELA SA           ESTR3 BZ          89585906        -807614863
ACO ALTONA-PREF      EALT4 BZ          89152030        -984858771
ACO ALTONA           EALT3 BZ          89152030        -984858771
ACO ALTONA SA        EAAON BZ          89152030        -984858771
ACO ALTONA-PREF      EAAPN BZ          89152030        -984858771
VARIG PART EM SE     VPSC3 BZ          830178286       -495721699
VARIG PART EM-PR     VPSC4 BZ          830178286       -495721699
TEXTEIS RENA-RCT     TXRX9 BZ          730958339       -103943205
TEXTEIS RENAU-RT     TXRX2 BZ          730958339       -103943205
TEXTEIS RENAUX       RENXON BZ         730958339       -103943205
TEXTEIS RENA-RCT     TXRX10 BZ         730958339       -103943205
RENAUXVIEW SA-PF     TXRX4 BZ          730958339       -103943205
TEXTEIS RENAU-RT     TXRX1 BZ          730958339       -103943205
RENAUXVIEW SA        TXRX3 BZ          730958339       -103943205
TEXTEIS RENAUX       RENXPN BZ         730958339       -103943205
SCHLOSSER SA-PRF     SCHPN BZ          730367499       -343578329
SCHLOSSER            SCLO3 BZ          730367499       -343578329
SCHLOSSER-PREF       SCLO4 BZ          730367499       -343578329
SCHLOSSER SA         SCHON BZ          730367499       -343578329
MINUPAR-RCT          9314634Q BZ       631445339       -606558236
MINUPAR SA           MNPRON BZ         631445339       -606558236
MINUPAR-RT           MNPR1 BZ          631445339       -606558236
MINUPAR-RCT          MNPR9 BZ          631445339       -606558236
MINUPAR              MNPR3 BZ          631445339       -606558236
MINUPAR-PREF         MNPR4 BZ          631445339       -606558236
MINUPAR-RT           9314542Q BZ       631445339       -606558236
MINUPAR SA-PREF      MNPRPN BZ         631445339       -606558236
GRADIENTE EL-PRC     IGBCN BZ          610889775       -282692297
GRADIENTE ELETR      IGBON BZ          610889775       -282692297
GRADIENTE EL-PRB     IGBBN BZ          610889775       -282692297
GRADIENTE-PREF C     IGBR7 BZ          610889775       -282692297
GRADIENTE-PREF A     IGBR5 BZ          610889775       -282692297
GRADIENTE-PREF B     IGBR6 BZ          610889775       -282692297
IGB ELETRONICA       IGBR3 BZ          610889775       -282692297
GRADIENTE EL-PRA     IGBAN BZ          610889775       -282692297
VARIG PART EM-PR     VPTA4 BZ          494321248       -399290396
VARIG PART EM TR     VPTA3 BZ          494321248       -399290396
CIMOB PART-PREF      GAFP4 BZ          44047411        -456699639
CIMOB PART-PREF      GAFPN BZ          44047411        -456699639
CIMOB PARTIC SA      GAFP3 BZ          44047411        -456699639
CIMOB PARTIC SA      GAFON BZ          44047411        -456699639
WIEST                WISA3 BZ          341082013       -126997429
WIEST SA-PREF        WISAPN BZ         341082013       -126997429
WIEST SA             WISAON BZ         341082013       -126997429
WIEST-PREF           WISA4 BZ          341082013       -126997429
RECRUSUL - RCT       RCSL10 BZ         31427766        -303076056
RECRUSUL - RCT       RCSL9 BZ          31427766        -303076056
RECRUSUL             RCSL3 BZ          31427766        -303076056
RECRUSUL SA          RESLON BZ         31427766        -303076056
RECRUSUL - RT        RCSL2 BZ          31427766        -303076056
RECRUSUL SA-PREF     RESLPN BZ         31427766        -303076056
RECRUSUL-PREF        RCSL4 BZ          31427766        -303076056
RECRUSUL - RCT       4529793Q BZ       31427766        -303076056
RECRUSUL-BON RT      RCSL12 BZ         31427766        -303076056
RECRUSUL-BON RT      RCSL11 BZ         31427766        -303076056
RECRUSUL - RT        4529785Q BZ       31427766        -303076056
RECRUSUL - RT        4529781Q BZ       31427766        -303076056
RECRUSUL - RCT       4529789Q BZ       31427766        -303076056
RECRUSUL - RT        RCSL1 BZ          31427766        -303076056
SANESALTO            SNST3 BZ          310440535       -184329732
STAROUP SA-PREF      STARPN BZ          276636045        -7174512
STAROUP SA           STARON BZ          276636045        -7174512
BOTUCATU TEXTIL      STRP3 BZ           276636045        -7174512
BOTUCATU-PREF        STRP4 BZ           276636045        -7174512
CONST BETER SA       COBE3 BZ           254694742      -491865999
CONST BETER SA       COBEON BZ          254694742      -491865999
CONST BETER-PF B     1COBBN BZ          254694742      -491865999
CONST BETER-PR B     COBEBN BZ          254694742      -491865999
CONST BETER-PF B     COBE6 BZ           254694742      -491865999
CONST BETER-PF A     1COBAN BZ          254694742      -491865999
CONST BETER-PR A     COBEAN BZ          254694742      -491865999
CONST BETER SA       1COBON BZ          254694742      -491865999
CONST BETER SA       COBE3B BZ          254694742      -491865999
CONST BETER-PR B     1009Q BZ           254694742      -491865999
CONST BETER-PR A     1008Q BZ           254694742      -491865999
CONST BETER-PF A     COBE5 BZ           254694742      -491865999
CONST BETER SA       1007Q BZ           254694742      -491865999
FERRAGENS HAGA-P     HAGAPN BZ          237328278      -658835559
FER HAGA-PREF        HAGA4 BZ           237328278      -658835559
HAGA                 HAGA3 BZ           237328278      -658835559
FERRAGENS HAGA       HAGAON BZ          237328278      -658835559
ALL ORE MINERACA     STLB3 BZ           23040051         -8699861
ALL ORE MINERACA     AORE3 BZ           23040051         -8699861
STEEL - RCT ORD      STLB9 BZ           23040051         -8699861
STEEL - RT           STLB1 BZ           23040051         -8699861
NOVA AMERICA-PRF     NOVAPN BZ          21287489       -183535527
NOVA AMERICA-PRF     1NOVPN BZ          21287489       -183535527
NOVA AMERICA SA      1NOVON BZ          21287489       -183535527
NOVA AMERICA SA      NOVA3 BZ           21287489       -183535527
NOVA AMERICA SA      NOVA3B BZ          21287489       -183535527
NOVA AMERICA-PRF     NOVA4 BZ           21287489       -183535527
NOVA AMERICA SA      NOVAON BZ          21287489       -183535527
NOVA AMERICA-PRF     NOVA4B BZ          21287489       -183535527
CAFE BRASILIA SA     CSBRON BZ          210973691      -903951460
CAF BRASILIA         CAFE3 BZ           210973691      -903951460
CAF BRASILIA-PRF     CAFE4 BZ           210973691      -903951460
CAFE BRASILIA-PR     CSBRPN BZ          210973691      -903951460
TECEL S JOSE         SJOS3 BZ           190673232       -52580501
TECEL S JOSE-PRF     SJOS4 BZ           190673232       -52580501
TECEL S JOSE         FTSJON BZ          190673232       -52580501
TECEL S JOSE-PRF     FTSJPN BZ          190673232       -52580501
NORDON METAL         NORDON BZ          153545974      -268596368
NORDON MET           NORD3 BZ           153545974      -268596368
NORDON MET-RTS       NORD1 BZ           153545974      -268596368
LATTENO FOOD COR     LATF US            14423532         -3506007
B&D FOOD CORP        BDFCE US           14423532         -3506007
B&D FOOD CORP        BDFC US            14423532         -3506007
REII INC             REIC US            14423532         -3506007
CHIARELLI SA         CCHI3 BZ           14300741       -467294324
CHIARELLI SA-PRF     CCHI4 BZ           14300741       -467294324
CHIARELLI SA         CCHON BZ           14300741       -467294324
CHIARELLI SA-PRF     CCHPN BZ           14300741       -467294324
HERCULES SA          HERTON BZ          126891179      -170680899
HERCULES             HETA3 BZ           126891179      -170680899
HERCULES-PREF        HETA4 BZ           126891179      -170680899
HERCULES SA-PREF     HERTPN BZ          126891179      -170680899
GAZOLA               GAZO3 BZ           124521441       -40298531
GAZOLA SA-DVD PF     GAZO12 BZ          124521441       -40298531
GAZOLA-RCPT PREF     GAZO10 BZ          124521441       -40298531
GAZOLA SA-DVD CM     GAZO11 BZ          124521441       -40298531
GAZOLA-PREF          GAZO4 BZ           124521441       -40298531
GAZOLA SA            GAZON BZ           124521441       -40298531
GAZOLA-RCPTS CMN     GAZO9 BZ           124521441       -40298531
GAZOLA SA-PREF       GAZPN BZ           124521441       -40298531
ARTHUR LANG-RC C     ARLA9 BZ           116422552      -171544616
ARTHUR LAN-DVD P     ARLA12 BZ          116422552      -171544616
ARTHUR LANG-RC P     ARLA10 BZ          116422552      -171544616
ARTHUR LANGE         ARLA3 BZ           116422552      -171544616
ARTHUR LANGE SA      ALICON BZ          116422552      -171544616
ARTHUR LANGE-PRF     ALICPN BZ          116422552      -171544616
ARTHUR LANG-RT C     ARLA1 BZ           116422552      -171544616
ARTHUR LANG-RT P     ARLA2 BZ           116422552      -171544616
ARTHUR LANGE-PRF     ARLA4 BZ           116422552      -171544616
ARTHUR LAN-DVD C     ARLA11 BZ          116422552      -171544616
F GUIMARAES-PREF     FGUI4 BZ           110165424      -151840377
F GUIMARAES          FGUI3 BZ           110165424      -151840377
FERREIRA GUIMARA     FGUION BZ          110165424      -151840377
FERREIRA GUIM-PR     FGUIPN BZ          110165424      -151840377


CHILE

EMPRESA DE LOS F     2940894Z CI       1933599104       -50416404
CHILESAT CORP SA     TELEX CI          1156945109      -122555289
TELEX-A              TELEXA CI         1156945109      -122555289
TELMEX CORP-ADR      CSAOY US          1156945109      -122555289
TELEX-RTS            TELEXO CI         1156945109      -122555289
CHILESAT CO-ADR      TL US             1156945109      -122555289
CLARO COM SA         CHILESAT CI       1156945109      -122555289
CHILESAT CO-RTS      CHISATOS CI       1156945109      -122555289

PUERTO RICO

TEXTIL SAN CRI-C     SNCRISC1 PE       59428057          -8824587
TEXTIL SAN CRI-C     SNCR/C PE         59428057          -8824587


                            ***********


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, 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.


                   * * * End of Transmission * * *