TCRLA_Public/111026.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


           Wednesday, October 26, 2011, Vol. 12, No. 212

                            Headlines



A R G E N T I N A

ALIM ARG: Creditors' Proofs of Debt Due Dec. 21
COMPANIA CONSTRUCTORA: Creditors' Proofs of Debt Due Dec. 13
DANIELA BORGOGNO: Creditors' Proofs of Debt Due Dec. 16
IENCO ARGENTINA: Creditors' Proofs of Debt Due Dec. 20
MANFREDINI SACIFIFA: Creditors' Proofs of Debt Due Nov. 24

MOLIENDA AVELLANEDA: Creditors' Proofs of Debt Due Dec. 12
SAWYER INVESTMENT: Creditors' Proofs of Debt Due Nov. 14
WWWFORMAYCOLOR SRL: Creditors' Proofs of Debt Due Dec. 12


B E R M U D A

DIGICEL GROUP: Bermuda Government Opposes Long-Distance Service


C A Y M A N   I S L A N D S

BLACKSTONE FIFTH: Creditors' Proofs of Debt Due Oct. 31
CLARKSON FREIGHT: Creditors' Proofs of Debt Due Nov. 9
CLARKSON HEDGE: Creditors' Proofs of Debt Due Nov. 9
CLARKSON SHIPPING: Creditors' Proofs of Debt Due Nov. 9
COMMONFUND ABSOLUTE: Creditors' Proofs of Debt Due Nov. 9

COMMONFUND EVENT-DRIVEN: Creditors' Proofs of Debt Due Nov. 9
COMMONFUND FIXED: Creditors' Proofs of Debt Due Nov. 9
COMMONFUND LONG/SHORT: Creditors' Proofs of Debt Due Nov. 9
HAM LONG/SHORT: Creditors' Proofs of Debt Due Oct. 31
HAM LONG/SHORT, MASTER: Creditors' Proofs of Debt Due Oct. 31

HAM SHORT: Creditors' Proofs of Debt Due Oct. 31
HAV3 (VI): Creditors' Proofs of Debt Due Nov. 9
KITHIRA VENTURES: Creditors' Proofs of Debt Due Nov. 10
KWF ASSETS: Creditors' Proofs of Debt Due Oct. 31
STERLING CAPITAL: Creditors' Proofs of Debt Due Nov. 9


M E X I C O

VITRO SAB: Debt Plan Spurs U.S. Lawmakers' Complaints


U R U G U A Y

* URUGUAY: IDB Provides US$28.4 Million Loan for Farmers


V I R G I N   I S L A N D S

FAIRFIELD SENTRY: Liquidators Halt Suits During Appeal


                            - - - - -


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


ALIM ARG: Creditors' Proofs of Debt Due Dec. 21
-----------------------------------------------
Mirta Norma Matayoshi, the court-appointed trustee for Alim. Arg.
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until Dec. 21, 2011.

The Trustee 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.

The Trustee can be reached at:

         Mirta Norma Matayoshi
         Montevideo 771
         Argentina


COMPANIA CONSTRUCTORA: Creditors' Proofs of Debt Due Dec. 13
------------------------------------------------------------
Estudio Basile-Cejas, the court-appointed trustee for Compania
Constructora de Embarcaciones SA's reorganization proceedings,
will be verifying creditors' proofs of claim until Dec. 13, 2011.

The Trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 12 in Buenos Aires, with the assistance of Clerk
No. 24, 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 Sept. 26, 2012.

The Trustee can be reached at:

         Estudio Basile-Cejas
         Lavalle 1334
         Argentina


DANIELA BORGOGNO: Creditors' Proofs of Debt Due Dec. 16
-------------------------------------------------------
Pedro Adolfo Valle, the court-appointed trustee for Daniela
Borgogno y Cia. SA's bankruptcy proceedings will be verifying
creditors' proofs of claim until Dec. 16, 2011.

The Trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 2 in Buenos Aires, with the assistance of Clerk
No. 3, 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:

         Pedro Adolfo Valle
         Avenida de Mayo 1260
         Argentina


IENCO ARGENTINA: Creditors' Proofs of Debt Due Dec. 20
------------------------------------------------------
Mario Leizerow, the court-appointed trustee for Ienco Argentina
SA's bankruptcy proceedings, will be verifying creditors' proofs
of claim until Dec. 20, 2011.

The Trustee 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. 44, 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:

         Mario Leizerow
         Avenida Santa Fe 2206
         Argentina


MANFREDINI SACIFIFA: Creditors' Proofs of Debt Due Nov. 24
----------------------------------------------------------
Marta Noemi Dieguez, the court-appointed trustee for Manfredini
Sacififa y de M's reorganization proceedings, will be verifying
creditors' proofs of claim until Nov. 24, 2011.

The Trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 25 in Buenos Aires, with the assistance of Clerk
No. 50, 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 Sept. 14, 2012.

The Trustee can be reached at:

         Marta Noemi Dieguez
         Lavalle 1290
         Argentina


MOLIENDA AVELLANEDA: Creditors' Proofs of Debt Due Dec. 12
----------------------------------------------------------
Veronica Isabel Segovia, the court-appointed trustee for Molienda
Avellaneda SRL's bankruptcy proceedings, will be verifying
creditors' proofs of claim until Dec. 12, 2011.

The Trustee 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. 13, 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:

         Veronica Isabel Segovia
         San Martin 662
         Argentina


SAWYER INVESTMENT: Creditors' Proofs of Debt Due Nov. 14
--------------------------------------------------------
Elizabeth Maria Zamboni, the court-appointed trustee for Sawyer
Investment Corp. SA's bankruptcy proceedings, will be verifying
creditors' proofs of claim until Nov. 14, 2011.

The Trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 24 in Buenos Aires, with the assistance of Clerk
No. 48, 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:

         Elizabeth Maria Zamboni
         Vera 272
         Argentina


WWWFORMAYCOLOR SRL: Creditors' Proofs of Debt Due Dec. 12
---------------------------------------------------------
Luis Gabriel Plizzo, the court-appointed trustee for
wwwformaycolor SRL's bankruptcy proceedings, will be verifying
creditors' proofs of claim until Dec. 12, 2011.

The Trustee will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 24 in Buenos Aires, with the assistance of Clerk
No. 48, 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 Gabriel Plizzo
         Avenida Belgrano 1185
         Argentina


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


DIGICEL GROUP: Bermuda Government Opposes Long-Distance Service
---------------------------------------------------------------
The Royal Gazette reports that the Bermuda government has come
out against forcing CellOne to provide interconnection to Digicel
Group-Transact's new long-distance service.

A statement from CellOne said that the Attorney General's
Chambers, on behalf of Environment Minister Walter Roban, filed
in the Supreme Court their intention to appear in opposition to
Digicel-Transact's recent application for an injunction mandating
the provision of long distance interconnection to CellOne
customers, according to the Royal Gazette.

The Royal Gazette notes that in his ruling on the injunction,
Puisne Judge Ian Kawaley essentially put the ball in the
government's court, urging specifically the Minister of Tourism
and International Business Patrice Minors and/or Mr. Roban, to
speak up within seven days if they didn't believe what Digicel
Group was doing was within its license.  The report relates that
if not, then Judge Kawaley ruled CellOne must provide
interconnection.

The government disclosed that it had notified the Court that it
wanted to be heard in the ongoing legal dispute between the
telecoms providers, The Royal Gazette notes.

As reported in the Troubled Company Reporter-Latin America on
Oct. 21, 2011, The Royal Gazette related that Judge Kawaley
handed a ruling in favor of Digicel Group in response to
allegations that the company is illegally offering long distance
services.  Judge Kawaley accepted that Digicel Group "was
entitled to market this service under the Digicel brand name,"
the report related.  Judge Kawaley heard the arguments in the
Bermuda Supreme Court on behalf of four different telecom
providers, The Royal Gazette disclosed.  TCRLA on Oct. 20, 2011,
citing the Royal Gazette Online, said that Digicel Bermuda
launched a long distance service, including a US$35 plan with
unlimited calls to the US, Canada, UK and Ireland.  It also
launched a Digicel Caribbean plan, the report related.

                        About Digicel Group

Digicel Group Limited -- http://www.digicelgroup.com/-- is
renowned for competitive rates, unbeatable coverage, superior
customer care, a wide variety of products and services and state-
of-the-art handsets.  By offering innovative wireless services
and community support, Digicel Group has become a leading brand
across its 31 markets worldwide.

Digicel is incorporated in Bermuda and now has operations in 31
markets worldwide.  Its Caribbean and Central American markets
comprise Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda,
Bonaire, the British Virgin Islands, the Cayman Islands, Curacao,
Dominica, El Salvador, French Guiana, Grenada, Guadeloupe,
Guyana, Haiti, Honduras, Jamaica, Martinique, Panama, St. Kitts
Nevis, St. Lucia, St. Vincent & the Grenadines, Suriname,
Trinidad & Tobago and Turks & Caicos.  The Caribbean company also
has coverage in St. Martin and St. Barts.  Digicel Pacific
comprises Fiji, Papua New Guinea, Samoa, Tonga and Vanuatu.

                           *     *     *

As of September 27, 2011, the company continues to carry Moody's
"Caa1" senior unsecured debt rating.


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


BLACKSTONE FIFTH: Creditors' Proofs of Debt Due Oct. 31
-------------------------------------------------------
The creditors of Blackstone Fifth Avenue Offshore Fund Ltd. are
required to file their proofs of debt by Oct. 31, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 22, 2011.

The company's liquidator is:

         Sean Flynn
         HF Fund Services Ltd.
         P.O. Box 242
         45 Market Street
         Gardenia Court, Camana Bay
         Grand Cayman KY1-1104
         Cayman Islands


CLARKSON FREIGHT: Creditors' Proofs of Debt Due Nov. 9
------------------------------------------------------
The creditors of Clarkson Freight Fund are required to file their
proofs of debt by Nov. 9, 2011, to be included in the company's
dividend distribution.

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

The company's liquidators are:

         Frank Connolly
         Ross Allen
         Clifton Fund Consulting Limited
         (trading as KB Associates)
         Fleming Court, Fleming's Place, Mespil Road
         Dublin 4
         Ireland


CLARKSON HEDGE: Creditors' Proofs of Debt Due Nov. 9
----------------------------------------------------
The creditors of Clarkson Hedge Fund are required to file their
proofs of debt by Nov. 9, 2011, to be included in the company's
dividend distribution.

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

The company's liquidators are:

         Frank Connolly
         Ross Allen
         Clifton Fund Consulting Limited
         (trading as KB Associates)
         Fleming Court, Fleming's Place, Mespil Road
         Dublin 4
         Ireland


CLARKSON SHIPPING: Creditors' Proofs of Debt Due Nov. 9
-------------------------------------------------------
The creditors of Clarkson Shipping Hedge Fund are required to
file their proofs of debt by Nov. 9, 2011, to be included in the
company's dividend distribution.

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

The company's liquidators are:

         Frank Connolly
         Ross Allen
         Clifton Fund Consulting Limited
         (trading as KB Associates)
         Fleming Court, Fleming's Place, Mespil Road
         Dublin 4
         Ireland


COMMONFUND ABSOLUTE: Creditors' Proofs of Debt Due Nov. 9
---------------------------------------------------------
The creditors of Commonfund Absolute Return Opportunities Company
are required to file their proofs of debt by Nov. 9, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 9, 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


COMMONFUND EVENT-DRIVEN: Creditors' Proofs of Debt Due Nov. 9
-------------------------------------------------------------
The creditors of Commonfund Event-Driven Company are required to
file their proofs of debt by Nov. 9, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Sept. 9, 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


COMMONFUND FIXED: Creditors' Proofs of Debt Due Nov. 9
------------------------------------------------------
The creditors of Commonfund Fixed Income Arbitrage Company are
required to file their proofs of debt by Nov. 9, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 9, 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


COMMONFUND LONG/SHORT: Creditors' Proofs of Debt Due Nov. 9
-----------------------------------------------------------
The creditors of Commonfund Long/Short Equity Company are
required to file their proofs of debt by Nov. 9, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 9, 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


HAM LONG/SHORT: Creditors' Proofs of Debt Due Oct. 31
-----------------------------------------------------
The creditors of Ham Long/Short Offshore Fund, Ltd. are required
to file their proofs of debt by Oct. 31, 2011, to be included in
the company's dividend distribution.

The company commenced wind-up proceedings on Sept. 19, 2011.

The company's liquidator is:

         Ogier
         c/o Jo-Anne Maher
         Telephone: (345) 815-1762
         Facsimile: (345) 949-9877
         Ogier
         89 Nexus Way Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


HAM LONG/SHORT, MASTER: Creditors' Proofs of Debt Due Oct. 31
-------------------------------------------------------------
The creditors of Ham Long/Short Master Fund, Ltd. are required to
file their proofs of debt by Oct. 31, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Sept. 19, 2011.

The company's liquidator is:

         Ogier
         c/o Jo-Anne Maher
         Telephone: (345) 815-1762
         Facsimile: (345) 949-9877
         Ogier
         89 Nexus Way Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


HAM SHORT: Creditors' Proofs of Debt Due Oct. 31
------------------------------------------------
The creditors of Ham Short Biased Offshore Fund, Ltd. are
required to file their proofs of debt by Oct. 31, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Sept. 19, 2011.

The company's liquidator is:

         Ogier
         c/o Jo-Anne Maher
         Telephone: (345) 815-1762
         Facsimile: (345) 949-9877
         Ogier
         89 Nexus Way Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


HAV3 (VI): Creditors' Proofs of Debt Due Nov. 9
-----------------------------------------------
The creditors of HAV3 (VI) Limited are required to file their
proofs of debt by Nov. 9, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Sept. 19, 2011.

The company's liquidator is:

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


KITHIRA VENTURES: Creditors' Proofs of Debt Due Nov. 10
-------------------------------------------------------
The creditors of Kithira Ventures Limited are required to file
their proofs of debt by Nov. 10, 2011, to be included in the
company's dividend distribution.

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

The company's liquidator is:

         DMS Corporate Services Ltd.
         c/o Bernadette Bailey-Lewis
         Telephone: (345) 946 7665
         Facsimile: (345) 946 7666
         dms House, 2nd Floor
         P.O. Box 1344 Grand Cayman KY1-1108
         Cayman Islands


KWF ASSETS: Creditors' Proofs of Debt Due Oct. 31
-------------------------------------------------
The creditors of KWF Assets Limited are required to file their
proofs of debt by Oct. 31, 2011, to be included in the company's
dividend distribution.

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

The company's liquidator is:

         HSBC Trustee (Singapore) Limited
         21 Collyer Quay
         #09-01 HSBC Building
         Singapore 049320
         c/o Mr. Philip C Pedro
         HSBC International Trustee Limited
         Compass Point
         Bermudiana Road
         Hamilton HM 11
         Bermuda
         Telephone: (441) 299-6482
         Facsimile: (441) 299-6526


STERLING CAPITAL: Creditors' Proofs of Debt Due Nov. 9
------------------------------------------------------
The creditors of Sterling Capital Management (Cayman) Limited are
required to file their proofs of debt by Nov. 9, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 12, 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


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


VITRO SAB: Debt Plan Spurs U.S. Lawmakers' Complaints
-----------------------------------------------------
Heather Perlberg at Bloomberg News reports two U.S. lawmakers
told the Mexico's ambassador that Vitro, S.A.B. de C.V.'s use of
US$1.9 billion in inter-company debt to control its court-
supervised restructuring should be examined by the country's
government.

Vitro SAB's bankruptcy strategy would "chill cross-border
investment" and shouldn't be allowed to set a legal precedent,
Representatives Patrick Meehan of Pennsylvania and Jared Polis of
Colorado wrote in an Oct. 20 letter to the envoy, Arturo Sarukhan
Casamitjana, according to Bloomberg.

"Vitro's unorthodox reorganization violated international
bankruptcy norms by preserving equity for its own shareholders at
the expense of its public creditors, many of whom are U.S.-
based," according to the letter from Mr. Meehan, Bloomberg notes.

                          About Vitro SAB

Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV:
VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases
Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global
glass producer, serving the construction and automotive glass
markets and glass containers needs of the food, beverage, wine,
liquor, cosmetics and pharmaceutical industries.

Vitro is the largest manufacturer of glass containers and flat
glass in Mexico, with consolidated net sales in 2009 of MXN23,991
million (US$1.837 billion).

Vitro defaulted on its debt in 2009, and sought to restructure
around US$1.5 billion in debt, including US$1.2 billion in notes.
Vitro launched an offer to buy back or swap US$1.2 billion in
debt from bondholders.  The tender offer would be consummated
with a bankruptcy filing in Mexico and Chapter 15 filing in the
United States.  Vitro said noteholders would recover as much as
73% by exchanging existing debt for cash, new debt or convertible
bonds.

           Concurso Mercantil & Chapter 15 Proceedings

Vitro SAB on Dec. 13, 2010, filed its voluntary petition for a
pre-packaged Concurso Plan in the Federal District Court for
Civil and Labor Matters for the State of Nuevo Leon, commencing
its voluntary concurso mercantil proceedings -- the Mexican
equivalent of a prepackaged Chapter 11 reorganization.  Vitro SAB
also commenced parallel proceedings under Chapter 15 of the U.S.
Bankruptcy Code (Bankr. S.D.N.Y. Case No. 10-16619) in Manhattan
on Dec. 13, 2010, to seek U.S. recognition and deference to its
bankruptcy proceedings in Mexico.

Early in January 2011, the Mexican Court dismissed the Concurso
Mercantil proceedings.  The judge said Vitro couldn't push
through a plan to buy back or swap US$1.2 billion in debt from
bondholders based on the vote of US$1.9 billion of intercompany
debt when third-party creditors were opposed.  Vitro as a result
dismissed the first Chapter 15 petition following the ruling by
the Mexican court.

On April 12, 2011, an appellate court in Mexico reinstated the
reorganization.  Accordingly, Vitro SAB on April 14 re-filed a
petition for recognition of its Mexican reorganization in U.S.
Bankruptcy Court in Manhattan (Bankr. S.D.N.Y. Case No. 11-
11754).

In the present Chapter 15 case, the Debtor seeks to block any
creditor suits in the U.S. pending the reorganization in Mexico.

                     Chapter 11 Proceedings

A group of noteholders opposed the exchange -- namely Knighthead
Master Fund, L.P., Lord Abbett Bond-Debenture Fund, Inc.,
Davidson Kempner Distressed Opportunities Fund LP, and Brookville
Horizons Fund, L.P.  Together, they held US$75 million, or
approximately 6% of the outstanding bond debt.  The Noteholder
group commenced involuntary bankruptcy cases under Chapter 11 of
the U.S. Bankruptcy Code against Vitro Asset Corp. (Bankr. N.D.
Tex. Case No. 10-47470) and 15 other affiliates on Nov. 17, 2010.

Vitro engaged Susman Godfrey, L.L.P. as U.S. special litigation
counsel to analyze the potential rights that Vitro may exercise
in the United States against the ad hoc group of dissident
bondholders and its advisors.

A larger group of noteholders, known as the Ad Hoc Group of Vitro
Noteholders -- comprised of holders, or investment advisors to
holders, which represent approximately US$650 million of the
Senior Notes due 2012, 2013 and 2017 issued by Vitro -- was not
among the Chapter 11 petitioners, although the group has
expressed concerns over the exchange offer.  The group says the
exchange offer exposes Noteholders who consent to potential
adverse consequences that have not been disclosed by Vitro.  The
group is represented by John Cunningham, Esq., and Richard
Kebrdle, Esq. at
White & Case LLP.

The U.S. affiliates subject to the involuntary petitions are
Vitro Chemicals, Fibers & Mining, LLC (Bankr. N.D. Tex. Case No.
10- 47472); Vitro America, LLC (Bankr. N.D. Tex. Case No. 10-
47473); Troper Services, Inc. (Bankr. N.D. Tex. Case No. 10-
47474); Super Sky Products, Inc. (Bankr. N.D. Tex. Case No. 10-
47475); Super Sky International, Inc. (Bankr. N.D. Tex. Case No.
10-47476); VVP Holdings, LLC (Bankr. N.D. Tex. Case No. 10-
47477); Amsilco Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-
47478); B.B.O. Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-
47479); Binswanger Glass Company (Bankr. N.D. Tex. Case No. 10-
47480); Crisa Corporation (Bankr. N.D. Tex. Case No. 10-47481);
VVP Finance Corporation (Bankr. N.D. Tex. Case No. 10-47482); VVP
Auto Glass, Inc. (Bankr. N.D. Tex. Case No. 10-47483); V-MX
Holdings, LLC (Bankr. N.D. Tex. Case No. 10-47484); and Vitro
Packaging, LLC (Bankr. N.D. Tex. Case No. 10-47485).

A bankruptcy judge in Fort Worth, Texas, denied involuntary
Chapter 11 petitions filed against four U.S. subsidiaries.  On
April 6, 2011, Vitro SAB agreed to put Vitro units -- Vitro
America LLC and three other U.S. subsidiaries -- that were
subject to the involuntary petitions into voluntary Chapter 11.
The Texas Court on April 21 denied involuntary petitions against
the eight U.S. subsidiaries that didn't consent to being in
Chapter 11.

Kurtzman Carson Consultants is the claims and notice agent to
Vitro America, et al.  Alvarez & Marsal North America LLC, is the
Debtors' operations and financial advisor.

The official committee of unsecured creditors appointed in the
Chapter 11 cases of Vitro America, et al., has selected Sarah
Link Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP, in
Dallas, Texas, and Michael S. Stamer, Esq., Abid Qureshi, Esq.,
and Alexis Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP,
in New York, as counsel.  Blackstone Advisory Partners L.P.
serves as financial advisor to the Committee.


=============
U R U G U A Y
=============


* URUGUAY: IDB Provides US$28.4 Million Loan for Farmers
--------------------------------------------------------
The Inter-American Development Bank approved a US$28.4 million
loan for a program to increase the incomes of 6,000 small and
medium-scale farmers in Uruguay.  Some 1,200 of the farmers are
women.

"The main benefits of the Productive Rural Development Program
are measures to improve productivity through adoption of
technologies that will increase the incomes of small farmers,"
said IDB project team leader Luis Macagno.  "Despite the
generally good performance of Uruguay's agricultural sector in
recent years, distribution of these benefits has been uneven," he
said.

The program will focus on measures to improve productivity and
strengthen institutions.  Farmers will receive support to
partially cover the cost of adopting new technologies in
accordance with management plans.  The farmers will select the
technologies that best suit their production needs.

Among other things, the support will cover 50% of the cost of
technical assistance for adoption of new technologies and for
equipment and supplies needed to apply them.  Technologies
include better animal husbandry techniques, improved pastures,
feed supplements, incorporation of organic matter in soil,
localized irrigation systems, crop protection, and management and
organization, among other things.

In the area of institutional strengthening, the program will fund
a plan for land management training for the Ministry of
Agriculture's Office of Rural Development, as well as for rural
institutions and organizations.  Resources will also be provided
to prepare strategic land development plans and the dissemination
of information through the Internet to foster knowledge-sharing
among rural development councils.

The program will also support workshops for people working on
land management at the national, regional, and international
levels, formulating plans for institutional strengthening of
rural organizations, and monitoring and evaluation.

The loan is for a 25-year term, with a five-year grace period and
a variable interest rate based on LIBOR.  Local counterpart
funding totals US$4.9 million.


===========================
V I R G I N   I S L A N D S
===========================


FAIRFIELD SENTRY: Liquidators Halt Suits During Appeal
------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that liquidators from the British Virgin Islands for
Fairfield Sentry Ltd. and affiliated funds, which had been the
largest feeder funds for Bernard L. Madoff Investment Securities
Inc., put on ice the lawsuits in which they were attempting to
sue foreign customers in U.S. Bankruptcy Court in New York.

According to the report, the freeze resulted from an appeal the
liquidators lost last month when Chief U.S. District Judge
Loretta A. Preska in New York ruled that the Chapter 15 case
can't be used to initiate lawsuits in bankruptcy court against
non-U.S. customers.

Mr. Rochelle recounts that Judge Preska early this month
recognized the significance of the issues and granted the
liquidators permission to seek an appeal to the U.S. Court of
Appeals.  Because Judge Preska's decision last month didn't end
the lawsuits entirely, the liquidators needed permission to
appeal.

The U.S. Court of Appeals still must accept the appeal, Mr.
Rochelle discloses.

Meanwhile, the bankruptcy court signed an order on Oct. 18
freezing the lawsuits pending the outcome of the appeal to the
Court of Appeals.

The liquidators' lawsuit in bankruptcy court is Fairfield Sentry
Ltd. v. Theodoor GGC Amsterdam (In re Fairfield Sentry Ltd.),
10-03496, U.S. Bankruptcy Court, Southern District New York.

                      About Fairfield Sentry

Fairfield Sentry is being liquidated under the supervision of the
Commercial Division of the High Court of Justice in the British
Virgin Islands.  It is one of the funds owned by the Fairfield
Greenwich Group, an investment firm founded in 1983 in New York
City.  Fairfield Sentry and other Greenwich funds had among the
largest exposures to the Bernard L. Madoff fraud.

Fairfield Sentry Limited filed for Chapter 15 protection (Bankr.
S.D.N.Y. Case No. 10-13164) on June 14, 2010.

Greenwich Sentry, L.P., and an affiliate filed for Chapter 11
protection (Bankr. S.D.N.Y. Case No. 10-16229) on Nov. 19, 2010,
hoping to settle lawsuits filed against it in connection with its
investments with Bernard L. Madoff.

On May 18, 2009, Irving H. Picard, the trustee liquidating the
estate of Mr. Madoff and his firm, Bernard L. Madoff Investment
Securities, LLC, filed a lawsuit against Fairfield Sentry and
Greenwich, seeking the return of US$3.55 billion that Fairfield
withdrew from Madoff during the period from 2002 to Mr. Madoff's
arrest in December 2008.  Since 1995, the Fairfield funds
invested about US$4.5 billion with BLMIS.

Mr. Picard claims that Fairfield knew or should have known about
the fraud give that it received from BLMIS unrealistically high
and consistent annual returns of between 10% and 21% in contrast
to the vastly larger fluctuations in the S&P 100 Index.


                            ***********


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
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Copyright 2011.  All rights reserved.  ISSN 1529-2746.

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