TCRLA_Public/111014.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

             Friday, October 14, 2011, Vol. 12, No. 204

                            Headlines



A N T I G U A  &  B A R B U D A

STANFORD INT'L: Liquidators Dispute Predecessor's US$18MM Fee


B E R M U D A

DE PURY PICTET: Creditors' Proofs of Debt Due Nov. 7
DE PURY PICTET: Members' Final Meeting Set for Nov. 14
DE PURY PICTET, ASSET: Creditors' Proofs of Debt Due Nov. 2
DE PURY PICTET, ASSET: Member to Receive Wind-Up Report on Nov. 9
HATHERLEY INSURANCE: Creditors' Proofs of Debt Due Oct. 21

HATHERLEY INSURANCE: Members' Final Meeting Set for Nov. 15
HUXLEY LTD: Creditors' Proofs of Debt Due Nov. 9
HUXLEY LTD: Member to Receive Wind-Up Report on Nov. 16
RALEIGH LTD: Creditors' Proofs of Debt Due Nov. 9
RALEIGH LTD: Member to Receive Wind-Up Report on Nov. 16


B R A Z I L

LUPATECH SA: S&P Affirms 'B-' Global Scale Corp. Credit Rating


C A Y M A N   I S L A N D S

CBP AIR: Creditors' Proofs of Debt Due Oct. 27
DAVIDSON KEMPNER: Creditors' Proofs of Debt Due Oct. 26
DINVEST JAPAN: Creditors' Proofs of Debt Due Oct. 26
GALAXY FUND: Creditors' Proofs of Debt Due Oct. 26
HESS EQUATORIAL: Creditors' Proofs of Debt Due Oct. 27

HESS EXPLORATION (HINE): Creditors' Proofs of Debt Due Oct. 27
HESS EXPLORATION: Creditors' Proofs of Debt Due Oct. 27
HESS EXPLORATION: Creditors' Proofs of Debt Due Oct. 27
HESS GHANA: Creditors' Proofs of Debt Due Oct. 27
LEC CORPORATION: Creditors' Proofs of Debt Due Oct. 26

P2 BLITZ: Creditors' Proofs of Debt Due Oct. 17
PETROQUIMICA COMODORO: Creditors' Proofs of Debt Due Oct. 17
PETROQUIMICA COMODORO: Creditors' Proofs of Debt Due Oct. 17
TRENDSQUARE REALIZATION: Creditors' Proofs of Debt Due Oct. 26
UBS ACTIVE: Creditors' Proofs of Debt Due Oct. 26

UBS ACTIVE, MASTER: Creditors' Proofs of Debt Due Oct. 26


J A M A I C A

JAMALCO: Jamaica Cabinet Approves Sale of Interest in CAP


P U E R T O   R I C O

COSTA DORADA: Wants Until Oct. 30 to Propose Reorganization Plan
EMPRESAS BASTARD: Case Summary & 7 Largest Unsecured Creditors
HOTEL AIRPORT: Employs RS & Associates as External Auditor


                            - - - - -


===============================
A N T I G U A  &  B A R B U D A
===============================


STANFORD INT'L: Liquidators Dispute Predecessor's US$18MM Fee
-------------------------------------------------------------
Kit Chellel at Bloomberg News reports that according to Grant
Thornton LLP said Vantis Plc, the firm originally appointed to
wind up Robert Allen Stanford's bank, charged US$18 million in
fees while recovering around US$300,000 for victims of the fraud.

Grant Thornton is Stanford International Bank Limited's new
liquidator.  Vantis was removed as Antiguan liquidator of
Stanford in May, but recovered around US$300,000 of assets before
being replaced, Bloomberg relates.

Grant Thornton partner Hugh Dickson said his firm is challenging
to have the Vantis bill reduced in an Antigua court, according to
Bloomberg.

"We are in dialogue with Grant Thornton regarding the costs
incurred prior to them taking office . . . .  Our main objective
is to find a sensible solution, which does not result in lengthy
court time and further delays," Bloomberg quoted FRP partner
Nigel Hamilton Smith as saying.

Bloomberg notes that Grant Thornton said it has identified up to
US$1.5 billion that it wants to return to more than 20,000
Stanford victims and creditors it represents.  That figure
includes property valued at US$300 million, securities worth
US$250 million, and potential returns of as much as US$1 billion
from lawsuits, the report relays.

Bloomberg discloses that efforts in the U.S. and Antigua to
unwind Mr. Stanford's alleged US$7 billion Ponzi scheme have
produced little to return to victims and creditors.

                 About Stanford International Bank

Domiciled in Antigua, Stanford International Bank Limited --
http://www.stanfordinternationalbank.com/-- is a member of
Stanford Private Wealth Management, a global financial services
network with US$51 billion in deposits and assets under
management or advisement.  Stanford Private Wealth Management
serves more than 70,000 clients in 140 countries.

On Feb. 16, 2009, the U.S. District Court for the Northern
District of Texas, Dallas Division, signed an order appointing
Ralph Janvey as receiver for all the assets and records of
Stanford International Bank, Ltd., Stanford Group Company,
Stanford Capital Management, LLC, Robert Allen Stanford, James M.
Davis and Laura Pendergest-Holt and of all entities they own or
control.  The February 16 order, as amended March 12, 2009,
directs the Receiver to, among other things, take control and
possession of and to operate the Receivership Estate, and to
perform all acts necessary to conserve, hold, manage and preserve
the value of the Receivership Estate.

The U.S. Securities and Exchange Commission on Feb. 17, 2009,
charged before the U.S. District Court in Dallas, Texas, Mr.
Stanford and three of his companies for orchestrating a
fraudulent, multi-billion dollar investment scheme centering on a
US$8 billion Certificate of Deposit program.

A criminal case was also pursued against Mr. Stanford in June
2009 before the U.S. District Court in Houston, Texas.  Mr.
Stanford pleaded not guilty to 21 charges of multi-billion dollar
fraud, money-laundering and obstruction of justice.  Assistant
Attorney General Lanny Breuer, as cited by Agence France-Presse
News, said in a 57-page indictment that Mr. Stanford could face
up to 250 years in prison if convicted on all charges.  Mr.
Stanford surrendered to U.S. authorities after a warrant was
issued for his arrest on the criminal charges.

The criminal case is U.S. v. Stanford, H-09-342 (S.D. Tex.).  The
civil case is SEC v. Stanford International Bank, 09-cv-00298
(N.D. Tex.).


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


DE PURY PICTET: Creditors' Proofs of Debt Due Nov. 7
----------------------------------------------------
The creditors of de Pury, Pictet, Turrettini Holdings Limited are
required to file their proofs of debt by Nov. 7, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Oct. 5, 2011.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


DE PURY PICTET: Members' Final Meeting Set for Nov. 14
------------------------------------------------------
The members of de Pury, Pictet, Turrettini Holdings Limited will
hold their final meeting on Nov. 14, 2011, at 11:00 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


DE PURY PICTET, ASSET: Creditors' Proofs of Debt Due Nov. 2
-----------------------------------------------------------
The creditors of de Pury, Pictet, Turrettini Asset Management
(Bermuda) Ltd. are required to file their proofs of debt by
Nov. 2, 2011, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Oct. 5, 2011.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


DE PURY PICTET, ASSET: Member to Receive Wind-Up Report on Nov. 9
-----------------------------------------------------------------
The member of de Pury, Pictet, Turrettini Asset Management
(Bermuda) Ltd. will receive on Nov. 9, 2011, at 11:00 a.m., the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company commenced wind-up proceedings on Oct. 5, 2011.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


HATHERLEY INSURANCE: Creditors' Proofs of Debt Due Oct. 21
----------------------------------------------------------
The creditors of Hatherley Insurance Ltd. are required to file
their proofs of debt by Oct. 21, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Oct. 5, 2011.

The company's liquidator is:

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


HATHERLEY INSURANCE: Members' Final Meeting Set for Nov. 15
-----------------------------------------------------------
The members of Hatherley Insurance Ltd. will hold their final
meeting on Nov. 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 HM 11
         Bermuda


HUXLEY LTD: Creditors' Proofs of Debt Due Nov. 9
------------------------------------------------
The creditors of Huxley Ltd. are required to file their proofs of
debt by Nov. 9, 2011, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Oct. 5, 2011.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


HUXLEY LTD: Member to Receive Wind-Up Report on Nov. 16
-------------------------------------------------------
The member of Huxley Ltd. will receive on Nov. 16, 2011, at
11:00 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


RALEIGH LTD: Creditors' Proofs of Debt Due Nov. 9
-------------------------------------------------
The creditors of Raleigh Ltd. are required to file their proofs
of debt by Nov. 9, 2011, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Oct. 5, 2011.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


RALEIGH LTD: Member to Receive Wind-Up Report on Nov. 16
--------------------------------------------------------
The member of Raleigh Ltd. will receive on Nov. 16, 2011, at
11:10 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

Karin Waters is the company's liquidator.


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


LUPATECH SA: S&P Affirms 'B-' Global Scale Corp. Credit Rating
--------------------------------------------------------------
Standard & Poor's Ratings Services revised its outlooks on
Brazil-based industrial and oil and gas valve manufacturer
Lupatech S.A.

"At the same time, we affirmed our ratings, including the 'B-'
global scale and 'brBB' Brazilian national scale corporate credit
ratings, on the company," S&P stated.

"The negative outlooks reflect Lupatech's weak liquidity and high
refinancing risk," said Standard & Poor's credit analyst Paula
Martins.  "Despite initiatives announced to improve its capital
structure, the company faces significant challenges to improve
its profitability and strengthen its weak liquidity."

The ratings on Lupatech reflect the company's weak business
profile and highly leveraged financial profile.

Relevant risks include weak liquidity; very high debt stemming
from its historically aggressive, acquisition-based growth
strategy; and a high, dollar-denominated interest burden that
exposes the company to currency mismatches.

Partially mitigating these risks are the company's leading
position in valves in Brazil, the long-term profile of the
majority of its debt, and the strong growth prospects that supply
contracts to Brazilian national oil company Petroleo Brasileiro
S.A. Petrobras support.


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


CBP AIR: Creditors' Proofs of Debt Due Oct. 27
----------------------------------------------
The creditors of CBP Air Ltd. are required to file their proofs
of debt by Oct. 27, 2011, to be included in the company's
dividend distribution.

The company's liquidators are:

         Mr. Bernard G. McGrath
         Ms. Annie Chapman
         Caledonian House
         69 Dr. Roy's Drive
         P.O. Box 1043, Grand Cayman KY1-1102
         Cayman Islands


DAVIDSON KEMPNER: Creditors' Proofs of Debt Due Oct. 26
-------------------------------------------------------
The creditors of Davidson Kempner Healthcare International Ltd.
are required to file their proofs of debt by Oct. 26, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 7, 2011.

The company's liquidator is:

         Walkers Corporate Services Limited
         Walker House, 87 Mary Street, George Town
         Grand Cayman, KY1-9005
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


DINVEST JAPAN: Creditors' Proofs of Debt Due Oct. 26
----------------------------------------------------
The creditors of Dinvest Japan & Asia Realization Ltd are
required to file their proofs of debt by Oct. 26, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 13, 2011.

The company's liquidator is:

         Stuart Sybersma
         c/o Russell Gleisner
         Deloitte & Touche
         P.O Box 1787 Grand Cayman KY1-1109
         Cayman Islands
         Telephone: +1(345) 814 2330
         Facsimile: +1 (345) 949 8258
         e-mail: rgleisner@deloitte.com


GALAXY FUND: Creditors' Proofs of Debt Due Oct. 26
--------------------------------------------------
The creditors of Galaxy Fund Ltd. are required to file their
proofs of debt by Oct. 26, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Sept. 13, 2011.

The company's liquidator is:

         Stuart Sybersma
         c/o Russell Gleisner
         Deloitte & Touche
         P.O Box 1787 Grand Cayman KY1-1109
         Cayman Islands
         Telephone: +1(345) 814 2330
         Facsimile: +1 (345) 949 8258
         e-mail: rgleisner@deloitte.com


HESS EQUATORIAL: Creditors' Proofs of Debt Due Oct. 27
------------------------------------------------------
The creditors of Hess Equatorial Guinea Resources, Inc. are
required to file their proofs of debt by Oct. 27, 2011, to be
included in the company's dividend distribution.

The company's liquidator is:

         Mr. George C. Barry
         1185, Avenue of the Americas
         New York, N.Y. 10036
         United States of America


HESS EXPLORATION (HINE): Creditors' Proofs of Debt Due Oct. 27
--------------------------------------------------------------
The creditors of Hess Exploration (Hine) Limited are required to
file their proofs of debt by Oct. 27, 2011, to be included in the
company's dividend distribution.

The company's liquidator is:

         Mr. George C. Barry
         1185, Avenue of the Americas
         New York, N.Y. 10036
         United States of America


HESS EXPLORATION: Creditors' Proofs of Debt Due Oct. 27
-------------------------------------------------------
The creditors of Hess Exploration (Larsen) Limited are required
to file their proofs of debt by Oct. 27, 2011, to be included in
the company's dividend distribution.

The company's liquidator is:

         Mr. George C. Barry
         1185, Avenue of the Americas
         New York, N.Y. 10036
         United States of America


HESS EXPLORATION: Creditors' Proofs of Debt Due Oct. 27
-------------------------------------------------------
The creditors of Hess Exploration (Warrior) Limited are required
to file their proofs of debt by Oct. 27, 2011, to be included in
the company's dividend distribution.

The company's liquidator is:

         Mr. George C. Barry
         1185, Avenue of the Americas
         New York, N.Y. 10036
         United States of America


HESS GHANA: Creditors' Proofs of Debt Due Oct. 27
-------------------------------------------------
The creditors of Hess Ghana (Ankobra) Limited are required to
file their proofs of debt by Oct. 27, 2011, to be included in the
company's dividend distribution.

The company's liquidator is:

         Mr. George C. Barry
         1185, Avenue of the Americas
         New York, N.Y. 10036
         United States of America


LEC CORPORATION: Creditors' Proofs of Debt Due Oct. 26
------------------------------------------------------
The creditors of LEC Corporation are required to file their
proofs of debt by Oct. 26, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Sept. 15, 2011.

The company's liquidator is:

         Commerce Corporate Services Limited
         P.O. Box 694 Grand Cayman
         Cayman Islands
         Telephone: 949 8666
         Facsimile: 949 0626


P2 BLITZ: Creditors' Proofs of Debt Due Oct. 17
-----------------------------------------------
The creditors of P2 Blitz Kyoto Holding KY LP Ltd. are required
to file their proofs of debt by Oct. 17, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 13, 2011.

The company's liquidator is:

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


PETROQUIMICA COMODORO: Creditors' Proofs of Debt Due Oct. 17
------------------------------------------------- ----------
The creditors of Petroquimica Comodoro Rivadavia Ecuatoriana LDC
are required to file their proofs of debt by Oct. 17, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 15, 2011.

The company's liquidator is:

         Martin Fernando Brandi
         Wilmington Trust Corporate Services (Cayman) Limited
         c/o Carl Gosselin, Agent
         P.O. Box 32322 Grand Cayman KY1-1209
         Cayman Islands
         Telephone: (345) 814-6712


PETROQUIMICA COMODORO: Creditors' Proofs of Debt Due Oct. 17
------------------------------------------------- ----------
The creditors of Petroquimica Comodoro Rivadavia Cayman are
required to file their proofs of debt by Oct. 17, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 15, 2011.

The company's liquidator is:

         Martin Fernando Brandi
         Wilmington Trust Corporate Services (Cayman) Limited
         c/o Carl Gosselin, Agent
         P.O. Box 32322 Grand Cayman KY1-1209
         Cayman Islands
         Telephone: (345) 814-6712


TRENDSQUARE REALIZATION: Creditors' Proofs of Debt Due Oct. 26
------------------------------------------------- ------------
The creditors of Trendsquare Realization Ltd are required to file
their proofs of debt by Oct. 26, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Sept. 13, 2011.

The company's liquidator is:

         Stuart Sybersma
         c/o Russell Gleisner
         Deloitte & Touche
         P.O Box 1787 Grand Cayman KY1-1109
         Cayman Islands
         Telephone: +1(345) 814 2330
         Facsimile: +1 (345) 949 8258
         e-mail: rgleisner@deloitte.com


UBS ACTIVE: Creditors' Proofs of Debt Due Oct. 26
-------------------------------------------------
The creditors of UBS Active Commodity Fund SPC Ltd. are required
to file their proofs of debt by Oct. 26, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 7, 2011.

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


UBS ACTIVE, MASTER: Creditors' Proofs of Debt Due Oct. 26
---------------------------------------------------------
The creditors of UBS Active Commodity Master Fund SPC Ltd. are
required to file their proofs of debt by Oct. 26, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 7, 2011.

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


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


JAMALCO: Jamaica Cabinet Approves Sale of Interest in CAP
---------------------------------------------------------
RJR News reports that the Jamaican cabinet has approved the sale
of the government's interest in Clarendon Alumina Partners,
further paving the way to finalize its ongoing negotiations with
the International Monetary Fund on the targets contained in the
Stand-by Agreement.

Daryl Vaz, the Minister with responsibility for Information,
Telecommunications and Special Projects, emphasized that the sale
of the government's shares in CAP is "critical" to the conclusion
of the IMF negotiations but he said "Jamaica's economy grew by
2.1% in the second quarter . . . . above the projection of 1.5%
per cent," Mr. Vaz told journalist at post cabinet press
briefing, according to RJR News.

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


COSTA DORADA: Wants Until Oct. 30 to Propose Reorganization Plan
----------------------------------------------------------------
Costa Dorada Apartments Corp. asks the U.S. Bankruptcy Court for
the District of Puerto Rico to extend until Oct. 30, 2011, its
exclusive period to file a proposed chapter 11 plan of
reorganization.

In its second request for extension, the Debtor explains that it
needs additional time to compile relevant financial information,
specifically, new projections of the operations of the business
and the terms of a debt restructuring of the principal secured
debt; and negotiate with secured creditors to present a consented
plan and file a stipulation between parties.

                About Costa Dorada Apartments Corp.

Costa Dorada Apartments Corp., dba Villas De Costa Dorada, in
Isabela, Puerto Rico, filed for Chapter 11 bankruptcy (Bankr. D.
P.R. Case No. 11-03960) on May 10, 2011.  The Debtor disclosed
US$10.7 million in assets and $8.6 million in liabilities as of
the Chapter 11 filing.  The petition was signed by Carlos R.
Fernandez Rodriguez, its president.

Wigberto Lugo Mender, Esq., at Lugo Mender & Co., in Guaynabo,
Puerto Rico, represents the Debtor as counsel.


EMPRESAS BASTARD: Case Summary & 7 Largest Unsecured Creditors
--------------------------------------------------------------
Debtor: Empresas Bastard, Incorporado
        P.O. Box 16113
        San Juan, PR 00908-6113

Bankruptcy Case No.: 11-08736

Chapter 11 Petition Date: October 8, 2011

Court: U.S. Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Robert Millan, Esq.
                  MILLAN LAW OFFICES
                  250 Calle San Jose
                  San Juan, PR 00901
                  Tel: (787) 725-0946
                  E-mail: rmi3183180@aol.com

Estimated Assets: US$10,000,001 to US$50,000,000

Estimated Debts: US$10,000,001 to US$50,000,000

The petition was signed by Antonio Bastard Rodriguez, president.

Debtor's List of Its Seven Largest Unsecured Creditors:

        Entity                    Nature of Claim    Claim Amount
        ------                    ---------------    ------------
Porfirio Guzman                   Trade Debt           US$800,000
Calle Frank Becerra Num. 74
San Juan, PR 00919

Irma Rivera                       Trade Debt             $500,000
Carr 174 K 1 H-6
Barrio Mulas
Aguas Buenas, PR 00703

Guillermo Rodriguez               Trade Debt             $350,000
Urb. Costa Del Sol, Apartment 1
Dorado, PR 00646

IC Professional Services, Inc.    Trade Debt             $350,000
469 Ave. De Diego
San Juan, PR 00918

Hector Santos Rivera              Trade Debt             $250,000
Calle Baldorioty De Castro Num. 5
Cayey, PR 00737

Gomez & Associates                Trade Debt             $100,000

Mercedes Boherquez                Trade Debt              $12,000


HOTEL AIRPORT: Employs RS & Associates as External Auditor
----------------------------------------------------------
Hotel Airport, Inc., sought and obtained authority to employ RS&
Associates as external auditors to perform auditing services:

         RS & ASSOC.-PSC
         30 I Condominio EI Centro II
         500 Munoz Rivera A venue
         San Juan PR 00917
         Tel: (787) 296-0389
         Fax: (787) 296-0390
         E-mail: msantiago@rsa-cpa.com

The Debtor will pay for RS & Associates' services based on the
firm's US$125 hourly rate for partners; US$110 for director,
US$90 for managers, and US$75 for other staff members.  The
Debtor will also reimburse the firm's necessary out-of-pocket
expenses.

Francisco A. Fernandez, a partner at RS & Associates, assures the
Court that his firm is a "disinterested person" as the term is
defined in Section 101(14) of the Bankruptcy Code.

                        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.  The Debtor disclosed
US$8,547,993 in assets and US$171,169,392 in liabilities as of
the Chapter 11 filing.  The petition was signed by David Tirri,
its president.


                            ***********


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, 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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