TCRLA_Public/111124.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

                     L A T I N   A M E R I C A

          Thursday, November 24, 2011, Vol. 12, No. 233

                            Headlines



A N T I G U A  &  B A R B U D A

STANFORD INT'L: Investors Ask U.S. to Seize Foreign Bank Accounts


A R G E N T I N A

EDULECTRIC SA: Creditors' Proofs of Debt Due Feb. 14
HONDURAS 5720: Creditors' Proofs of Debt Due Feb. 16
METROGAS SA: Plans Dollar-Denominated Debt Swap
RUCATEK SRL: Creditors' Proofs of Debt Due Dec. 14
UNI-BOX: Creditors' Proofs of Debt Due Feb. 14


B E R M U D A

FRONTLINE LTD: To Negotiate Restructuring With Creditors


C A Y M A N   I S L A N D S

ACWA SERVICES: Creditors' Proofs of Debt Due Nov. 29
BAHAMAS LNG: Creditors' Proofs of Debt Due Nov. 28
BAHAMAS LNG, HOLDING2: Creditors' Proofs of Debt Due Nov. 28
CALYPSO BAHAMAS: Creditors' Proofs of Debt Due Nov. 28
CALYPSO BAHAMAS, HOLDING2: Creditors' Proofs of Debt Due Nov. 28

CITRINE HOLDINGS: Creditors' Proofs of Debt Due Nov. 29
CONCLAVE INVESTMENTS: Creditors' Proofs of Debt Due Nov. 28
HEADLAND TECHNOLOGY: Creditors' Proofs of Debt Due Dec. 7
LAPIS INVESTMENT: Creditors' Proofs of Debt Due Nov. 29
MEZZ CAP: Creditors' Proofs of Debt Due Nov. 29

SEAGUL LATIN: Creditors' Proofs of Debt Due Nov. 28
TIEDEMANN/PENTAGRAM GLOBAL: Creditors' Proofs of Debt Due Nov. 29
TIMESCAPE GLOBAL: Creditors' Proofs of Debt Due Dec. 7
WATLER & HISLOP: Creditors' Proofs of Debt Due Nov. 28
YOUNG & SON: Creditors' Proofs of Debt Due Nov. 25


P A N A M A

TRUMP OCEAN: Panama Creditors May See 80% Recovery, Barclays Says


P U E R T O   R I C O

R&G FINANCIAL: FDIC Objects to Amended Liquidation Plan


T R I N I D A D  &  T O B A G O

* TRINIDAD & TOBAGO: IDB Provides US$60MM Loan for Energy Matrix


X X X X X X X X

* Upcoming Meetings, Conferences and Seminars




                            - - - - -


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


STANFORD INT'L: Investors Ask U.S. to Seize Foreign Bank Accounts
-----------------------------------------------------------------
Laurel Brubaker Calkins and Andrew Harris at Bloomberg News report
that the Official Stanford Investors Committee asked the U.S.
Justice Department to repatriate US$330 million frozen in indicted
financier Robert Allen Stanford's foreign bank accounts as
suspected criminal proceeds, even though the funds are legally
controlled by Stanford International Bank Limited' Antiguan
receiver.

Bloomberg notes that Ralph Janvey, court-appointed U.S. receiver,
has been fighting a separate receiver appointed by the Antiguan
government for control of Mr. Stanford's estate for almost three
years.  The Antiguan receiver was awarded control by Swiss and
British courts of the former billionaire's bank accounts in those
countries, while Janvey controls Stanford assets in the U.S,
Bloomberg relates

Bloomberg says lawyers for Mr. Janvey and the Antiguan receivers
told the Dallas judge in charge of the U.S. Securities and
Exchange Commission's civil fraud case against Stanford that the
two receivers can't agree how to share control of the estate or
repay depositors.

Bloomberg relates that Ed Davis, a lawyer for Stanford's Antiguan
liquidator, said the Dallas judge will ultimately decide who
controls the foreign assets, not the Justice Department or the
investors' committee.   Mr. Davis, Bloomberg relates, said Grant
Thornton, as the Antiguan liquidator, is required by statute to
establish procedures for administering the bank's assets and
claims.

"Those funds should be distributed to the victims through the
Antiguan estate. . . . Grant Thornton has said they're willing to
put safeguards in place to make sure all concerns are properly met
and to give everyone comfort that all investors will be properly
paid," Mr. Davis told Bloomberg in a phone interview.

The Antiguan liquidators can be reached at:

          Marcus A. Wide
          Hugh Dickson
          GRANT THORNTON
          171 Main Street,
          The Barracks, 2nd Floor
          P.O. Box 4259
          Road Town, Tortola
          British Virgin Islands
          Tel: +1 (284) 494 6162
          Fax: +1 (284) 494 3529
          E-mail: marcus.wide@uk.gt.com
          E-mail: hugh.dickson@uk.gt.com

                 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.).


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


EDULECTRIC SA: Creditors' Proofs of Debt Due Feb. 14
----------------------------------------------------
Mirta Noemi Andrada, the court-appointed trustee for Edulectric
SA's bankruptcy proceedings, will be verifying creditors' proofs
of claim until Feb. 14, 2012.

Ms. Andrada will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 23 in Buenos Aires, with the assistance of Clerk
No. 46, 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 Noemi Andrada
         Avenida Corrientes 676
         Argentina


HONDURAS 5720: Creditors' Proofs of Debt Due Feb. 16
----------------------------------------------------
Daniel Altman, the court-appointed trustee for Honduras 5720 SRL's
reorganization proceedings, will be verifying creditors' proofs of
claim until Feb. 16, 2012.

Mr. Altman 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 Oct. 25, 2012.

The Trustee can be reached at:

         Daniel Altman
         Parana 774
         Argentina


METROGAS SA: Plans Dollar-Denominated Debt Swap
-----------------------------------------------
Camila Russo at Bloomberg News, citing a statement to the Buenos
Aires stock exchange, reports that MetroGas SA said it plans to
swap 53.2% of its existing debt with new bonds.

The filing disclosed that the dollar-denominated bonds will mature
in 2018 and have an 8.9% interest rate, according to Bloomberg.
The notes will be offered in two series, the document said,
Bloomberg relates.

Buenos Aires, Argentina-based MetroGAS S.A., which listed its
American Depositary Shares on the New York Stock Exchange and
Buenos Aires Stock Exchange in November 1994, is Argentina's
largest natural gas distribution company in terms of number of
customers and volume of gas deliveries, according to the 2010
annual report of ENARGAS, an agency of the Argentine Government,
which has broad authority over the gas distribution and
transportation industries, including their tariffs.  The Company
is one of nine natural gas distribution companies formed in
connection with the privatization of Gas del Estado.

                           *     *     *

The suspension of the original regime for tariff adjustments and
the inability to generate sufficient cash flows to pay its
financial debt obligations led the Company to file a petition for
a voluntary reorganization proceeding (concurso preventivo) in an
Argentine court on June 17, 2010.


RUCATEK SRL: Creditors' Proofs of Debt Due Dec. 14
--------------------------------------------------
Elza Zunilda Rodriguez, the court-appointed trustee for Rucatek
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until Dec. 14, 2011.

Ms. Rodriguez will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 18 in Buenos Aires, with the assistance of Clerk
No. 35, 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:

         Elza Zunilda Rodriguez
         Tucuman 1657
         Argentina


UNI-BOX: Creditors' Proofs of Debt Due Feb. 14
----------------------------------------------
Claudia Debora Fleischman, the court-appointed trustee for Uni-Box
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until Feb. 14, 2012.

Ms. Fleischman 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:

         Claudia Debora Fleischman
         Talcahuano 464
         Argentina


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


FRONTLINE LTD: To Negotiate Restructuring With Creditors
--------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Frontline Ltd., an operator of very large crude
carriers, said Nov. 23 that it will need new funding in the first
half of 2012 to cover cash obligations.  There are also
"significant uncertainties" about compliance with loan covenants
in the last quarter of 2011, Frontline said in a statement.

According to the report, the Hamilton, Bermuda-based company said
it "will seek discussions" with creditors with the aim of reaching
agreement on a "restructuring solution" by the end of this year.
The company reported a US$44.7 million net loss in the third
quarter, compared with a US$35.2 million net loss in the prior
period.  During the first three quarters, the net loss is US$64.5
million.


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


ACWA SERVICES: Creditors' Proofs of Debt Due Nov. 29
----------------------------------------------------
The creditors of ACWA Services Limited are required to file their
proofs of debt by Nov. 29, 2011, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Oct. 10, 2011.

The company's liquidator is:

         Ogier
         c/o Bradley Kruger
         Telephone: (345) 815-1877
         Facsimile: (345) 949-9877
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


BAHAMAS LNG: Creditors' Proofs of Debt Due Nov. 28
--------------------------------------------------
The creditors of Bahamas LNG Terminal Holding Limited are required
to file their proofs of debt by Nov. 28, 2011, to be included in
the company's dividend distribution.

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

The company's liquidators are:

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


BAHAMAS LNG, HOLDING2: Creditors' Proofs of Debt Due Nov. 28
------------------------------------------------------------
The creditors of Bahamas LNG Terminal Holding 2 Limited are
required to file their proofs of debt by Nov. 28, 2011, to be
included in the company's dividend distribution.

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

The company's liquidators are:

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


CALYPSO BAHAMAS: Creditors' Proofs of Debt Due Nov. 28
------------------------------------------------------
The creditors of Calypso Bahamas Pipeline Holding Limited are
required to file their proofs of debt by Nov. 28, 2011, to be
included in the company's dividend distribution.

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

The company's liquidators are:

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


CALYPSO BAHAMAS, HOLDING2: Creditors' Proofs of Debt Due Nov. 28
----------------------------------------------------------------
The creditors of Calypso Bahamas Pipeline Holding 2 Limited are
required to file their proofs of debt by Nov. 28, 2011, to be
included in the company's dividend distribution.

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

The company's liquidators are:

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


CITRINE HOLDINGS: Creditors' Proofs of Debt Due Nov. 29
-------------------------------------------------------
The creditors of Citrine Holdings Limited are required to file
their proofs of debt by Nov. 29, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Oct. 10, 2011.

The company's liquidator is:

         Ogier
         c/o Bradley Kruger
         Telephone: (345) 815-1877
         Facsimile: (345) 949-9877
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


CONCLAVE INVESTMENTS: Creditors' Proofs of Debt Due Nov. 28
-----------------------------------------------------------
The creditors of Conclave Investments Limited are required to file
their proofs of debt by Nov. 28, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Oct. 14, 2011.

The company's liquidator is:

         Hugh Dickson
         c/o Saskia Lawrence
         10 Market Street #765
         Camana Bay, Grand Cayman KY1 9006
         Cayman Islands
         Telephone: +1 345 769 7212
         Facsimile: +1 345 949 7120


HEADLAND TECHNOLOGY: Creditors' Proofs of Debt Due Dec. 7
---------------------------------------------------------
The creditors of The Headland Technology Fund Limited are required
to file their proofs of debt by Dec. 7, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on Oct. 17, 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


LAPIS INVESTMENT: Creditors' Proofs of Debt Due Nov. 29
-------------------------------------------------------
The creditors of Lapis Investment Limited are required to file
their proofs of debt by Nov. 29, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Oct. 10, 2011.

The company's liquidator is:

         Ogier
         c/o Bradley Kruger
         Telephone: (345) 815-1877
         Facsimile: (345) 949-9877
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


MEZZ CAP: Creditors' Proofs of Debt Due Nov. 29
-----------------------------------------------
The creditors of Mezz Cap Portfolio Holdings, Ltd. are required to
file their proofs of debt by Nov. 29, 2011, to be included in the
company's dividend distribution.

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

The company's liquidator is:

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


SEAGUL LATIN: Creditors' Proofs of Debt Due Nov. 28
---------------------------------------------------
The creditors of Seagul Latin American Equity Offshore Fund, Ltd.
are required to file their proofs of debt by Nov. 28, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Oct. 18, 2011.

The company's liquidator is:

         Ogier
         c/o Jo-Anne Maher
         Telephone: (345) 815-1877
         Facsimile: (345) 949-9877
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


TIEDEMANN/PENTAGRAM GLOBAL: Creditors' Proofs of Debt Due Nov. 29
-----------------------------------------------------------------
The creditors of Tiedemann/Pentagram Global Macro Offshore, Ltd.
are required to file their proofs of debt by Nov. 29, 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:

         Ogier
         c/o Catherine Pham
         Telephone: (345) 949-9876
         Facsimile: (345) 949-9877
         89 Nexus Way, Camana Bay
         Grand Cayman KY1-9007
         Cayman Islands


TIMESCAPE GLOBAL: Creditors' Proofs of Debt Due Dec. 7
------------------------------------------------------
The creditors of Timescape Global Investments, Ltd. are required
to file their proofs of debt by Dec. 7, 2011, to be included in
the company's dividend distribution.

The company commenced liquidation proceedings on Oct. 11, 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


WATLER & HISLOP: Creditors' Proofs of Debt Due Nov. 28
------------------------------------------------------
The creditors of Watler & Hislop Plumbing Services Ltd are
required to file their proofs of debt by Nov. 28, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Oct. 18, 2011.

The company's liquidator is:

         Woodward L. Terry
         Telephone: (345) 945-2800
         Facsimile: (345) 945-2727
         c/o Woodward Terry & Company
         Jack & Jill Building
         Suite #10, 2nd Floor
         19 Fort Street
         P.O. Box 822 Grand Cayman KY1-1103
         Cayman Islands


YOUNG & SON: Creditors' Proofs of Debt Due Nov. 25
--------------------------------------------------
The creditors of Young & Son Investment Limited are required to
file their proofs of debt by Nov. 25, 2011, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Oct. 13, 2011.

The company's liquidator is:

         Buchanan Limited
         c/o Rose Ferguson
         Telephone: (345) 949-0355
         Facsimile: (345) 949-0360
         P.O. Box 1170 Grand Cayman KY1-1102
         Cayman Islands


===========
P A N A M A
===========


TRUMP OCEAN: Panama Creditors May See 80% Recovery, Barclays Says
-----------------------------------------------------------------
Drew Benson at Bloomberg News reports that Barclays Plc said
bondholders may expect to receive 80 cents on the dollar as
Newland International Properties negotiates with creditors after
defaulting on US$220 million of bonds used to finance Panama's
Trump Ocean Club.

Newland International missed a US$31.9 million amortization
payment due Nov. 15, while making a US$10 million interest
payment, according to Bloomberg.

Bloomberg notes that Barclays analysts Juan Cruz and Ivan
Fernandes based their recovery estimate on expectations that
Donald Trump will be forced to cut licensing fees in half while
unsold units will be sold at a 58% discount from the original
listing price.

The global economic crisis and its impact on real estate prices
caused Newland to miss the bond payment, the Panama City-based
developer said in a Nov. 16 statement obtained by Bloomberg.

The statement, Bloomberg relates, said that Newland International
is working with 80% of bondholders on a debt restructuring plan.

Trump Ocean Club -- http://trumpoceanclub.com/html/panama.php/--
is the newest benchmark of luxury living, gracing the shores of
Panama with its sleek design and unparalleled grandeur.


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


R&G FINANCIAL: FDIC Objects to Amended Liquidation Plan
-------------------------------------------------------
BankruptcyData.com reports that the Federal Deposit Insurance
Corporation filed with the U.S. Bankruptcy Court an objection to
R&G Financial's Second Amended Plan of Liquidation.

According to BData, the objection explains, "The FDIC-R's
objections to the Plan fall into several categories. First the
Plan impermissibly classifies the FDIC-R's claims, lumping
dissimilar general unsecured and unsecured priority claims and
failing to classify and separately treat the FDIC-R's secured
claim arising from its set-off rights. Second, the Plan would
release the FDIC-R's deposit liability lien, effectively denying
FDIC-R's set-off rights without any judicial determination. Third,
the Plan provides that certain management fees to Wilmington
Trust, the largest unsecured creditor, would be paid before the
FDIC-R and other unsecured creditors when, as a matter of law,
such fees are not entitled to any priority, violating the absolute
priority rule. Fourth, the Plan has impermissibly broad injunction
and release language."

Separately, the FDIC also objected to the professional fees
applied for by Wilmington Trust, as indenture trustee, in the R&G
Financial case. Court documents state, among other things, "The
FDIC-R objects to the WTC Fee Application because the WTC fees
were incurred for the exclusive benefit of WTC and have not
provided any 'substantial contribution' to the Debtor's estate and
therefore do not qualify as administrative expenses under Section
503(b) of the Bankruptcy Code. Accordingly, the WTC fees are not
entitled to priority over claims of other unsecured creditors, so
permitting payment of the fees would violate the absolute priority
rule."

As reported in the Troubled Company Reporter on Nov. 11, 2011,
R&G Financial filed its Second Amended Chapter 11 Plan of
Liquidation with the U.S. Bankruptcy Court in Puerto Rico.  The
Second Amended Plan incorporates certain immaterial and technical
modifications to the Debtor's First Amended Chapter 11 Plan.

The confirmation hearing on the Second Amended Liquidation Plan is
scheduled on Nov. 29, 2011 at 2:00 p.m.

A copy of the Second Amended Plan of Liquidation dated Oct. 27,
2011, is available for free at:

      http://bankrupt.com/misc/R&G_secondamendedplan.pdf

As reported in the TCR on Sept. 30, 2011, Judge Enrique S.
Lamoutte Inclan in Puerto Rico approved the disclosure statement
explaining R&G Financial's Chapter 11 plan of liquidation.

The Plan provides that all of the Debtor's assets will be
transferred to, and vest in, Liquidating RGFC.  The Plan provides
for the appointment of Clifford Zucker, CPA, as the plan
administrator and Wilmington Trust Company as the plan consultant
to oversee the activities of liquidating RGFC.

Under the Plan, holders of general unsecured claims, which claims
are estimated to range between US$10.9 million and US$15.4
million, will recover 0.30% to 2.3% of their allowed claim.
Holders of Subordinated note claims, which claims are estimated at
US$385 million, will also recover 0.30% to 2.3% of their allowed
claim.  Secured claims and priority claims not filed by the FDIC
will get 100% of their total allowed amount.  Non-FDIC Priority
Claims are estimated to range between US$350,000 and US$900,000.

                      About R&G Financial

San Juan, Puerto Rico-based R&G Financial Corporation was the
direct parent of R-G Premier Bank of Puerto Rico, a state-
chartered nonmember bank, through which RGFC primarily conducted
its business.  The Company filed for Chapter 11 bankruptcy
protection (Bankr. D. P.R. Case No. 10-04124) on May 14, 2010.
Brent R. McIlwain, Esq., Robert W. Jones, Esq., Esq., at Patton
Boggs LLP, in Dallas; and Jorge I. Peirats, Esq., at Pietrantoni,
Mendez & Alvarez, in Hato Rey, P.R., serve as the Debtores
bankruptcy counsel.  The Debtor disclosed US$40,213,356 in assets
and US$420,687,694 in debts as of the Petition Date.


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


* TRINIDAD & TOBAGO: IDB Provides US$60MM Loan for Energy Matrix
----------------------------------------------------------------
The Inter-American Development Bank has approved a US$60 million
loan to help Trinidad and Tobago, a major producer of
hydrocarbons, to transition towards a more efficient, sustainable
and clean energy matrix.

The loan, the first in a programmatic series of three consecutive
operations, will strengthen the regulatory and legal framework to
contribute to a more sustainable energy sector with a focus on
renewable energy, increased efficiency, transparency and
accountability.  It will support the preparation of new policy and
legislation for energy efficiency and measures to increase the
environmental sustainability of alternative energy fuels such as
natural gas and compressed natural gas (CNG).  Finally, it will
promote efficient and rational production and use of fossil fuels
and strengthen institutional capabilities for sustainable energy
and public education efforts.

The program will support public education and awareness efforts
regarding energy and will help draft a plan for the establishment
of a Caribbean Renewable Energy Center, which will help spread
cleaner energy principles throughout the region.

The loan is for a 20-year term, with a five-year grace period, and
carries a variable interest rate based on LIBOR.


===============
X X X X X X X X
===============


* Upcoming Meetings, Conferences and Seminars
---------------------------------------------

Dec. 1-3, 2011
  AMERICAN BANKRUPTCY INSTITUTE
     23rd Annual Winter Leadership Conference
        La Quinta Resort & Spa, La Quinta, Calif.
           Contact: 1-703-739-0800; http://www.abiworld.org/

April 3-5, 2012
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Spring Conference
        Grand Hyatt Atlanta, Atlanta, Ga.
           Contact: http://www.turnaround.org/

Apr. 19-22, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Annual Spring Meeting
        Gaylord National Resort & Convention Center,
        National Harbor, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

July 14-17, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Southeast Bankruptcy Workshop
        The Ritz-Carlton Amelia Island, Amelia Island, Fla.
           Contact: 1-703-739-0800; http://www.abiworld.org/

Aug. 2-4, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Mid-Atlantic Bankruptcy Workshop
        Hyatt Regency Chesapeake Bay, Cambridge, Md.
           Contact: 1-703-739-0800; http://www.abiworld.org/

November 1-3, 2012
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        Westin Copley Place, Boston, Mass.
           Contact: http://www.turnaround.org/

Nov. 29 - Dec. 2, 2012
  AMERICAN BANKRUPTCY INSTITUTE
     Winter Leadership Conference
        JW Marriott Starr Pass Resort & Spa, Tucson, Ariz.
           Contact: 1-703-739-0800; http://www.abiworld.org/

April 10-12, 2013
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Spring Conference
        JW Marriott Chicago, Chicago, Ill.
           Contact: http://www.turnaround.org/

October 3-5, 2013
  TURNAROUND MANAGEMENT ASSOCIATION
     TMA Annual Convention
        Marriott Wardman Park, Washington, D.C.
           Contact: http://www.turnaround.org/


                            ***********


Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA editors from a variety of outside
sources during the prior week we think are reliable.   Those
sources may not, however, be complete or accurate.  The Monday
Bond Pricing table is compiled on the Friday prior to publication.
Prices reported are not intended to reflect actual trades.  Prices
for actual trades are probably different.  Our objective is to
share information, not make markets in publicly traded securities.
Nothing in the TCR-LA constitutes an offer or solicitation to buy
or sell any security of any kind.  It is likely that some entity
affiliated with a TCR-LA editor holds some position in the
issuers' public debt and equity securities about which we report.

Tuesday's edition of the TCR-LA features a list of companies with
insolvent balance sheets obtained by our editors based on the
latest balance sheets publicly available a day prior to
publication.  At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled.  Assets, for example, reported at historical cost
net of depreciation may understate the true value of a firm's
assets.  A company may establish reserves on its balance sheet for
liabilities that may never materialize.  The prices at which
equity securities trade in public market are determined by more
than a balance sheet solvency test.

A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR-LA. Submissions about insolvency-
related conferences are encouraged.  Send announcements to
conferences@bankrupt.com


                            ***********


S U B S C R I P T I O N   I N F O R M A T I O N

Troubled Company Reporter-Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine T.
Fernandez, Valerie U. Pascual, Psyche A. Castillon, 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 * * *