TCRLA_Public/121018.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, October 18, 2012, Vol. 13, No. 208


                            Headlines



A R G E N T I N A

COFEE MONT: Creditors' Proofs of Debt Due Nov. 8
INDUSTRIAS DERIPLOM: Creditors' Proofs of Debt Due Dec. 12
MAYORISTA ELECTRICO: Creditors' Proofs of Debt Due Nov. 6
MILA 18: Creditors' Proofs of Debt Due Nov. 14


B O L I V I A

* BOLIVIA: S&P Gives 'BB-' Rating on New US$500MM Notes Due 2022


C A Y M A N  I S L A N D S

ACERO INVESTMENT: Placed Under Voluntary Wind-Up
ARLBERG LIMITED: Creditors' Proofs of Debt Due Oct. 22
GLADBROOK LIMITED: Creditors' Proofs of Debt Due Oct. 22
KACELA OFFSHORE: Placed Under Voluntary Wind-Up
KACELA OFFSHORE II: Placed Under Voluntary Wind-Up

LUMISTAR INVESTMENTS: Creditors' Proofs of Debt Due Oct. 22
MANTIS REEF II: Creditors' Proofs of Debt Due Oct. 25
NOTION CAPITAL: Creditors' Proofs of Debt Due Oct. 24
PACIFIC PHARMA: Creditors' Proofs of Debt Due Oct. 22
TMA ASIAN: Commences Liquidation Proceedings


E L   S A L V A D O R

DIGICEL GROUP: America Movil Pulls Out Bid to Buy Local Operations


G R E N A D A

* GRENADA: S&P Ups Foreign Sovereign Credit Ratings to 'CCC+/C'


J A M A I C A

DYOLL INSURANCE: To Issue New Payout to Creditors & Claimants


M E X I C O

GENWORTH SEGUROS: S&P Assigns 'BB+' Financial Strength Rating


P A N A M A

BANCO BILBAO: S&P Cuts Issuer Credit Rating to 'BB+'; Outlook Neg


T R I N I D A D  &  T O B A G O

CARIBBEAN AIRLINES: U.S. Probes Airline on Flight Delay


X X X X X X X X

* Upcoming Meetings, Conferences and Seminars


                            - - - - -


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


COFEE MONT: Creditors' Proofs of Debt Due Nov. 8
------------------------------------------------
Nelida Liliana Cunarro, the court-appointed trustee for Cofee Mont
SA's bankruptcy proceedings, will be verifying creditors' proofs
of claim until Nov. 8, 2012.

Ms. Cunarro will present the validated claims in court as
individual reports.  The National Commercial Court of First
Instance No. 20 in Buenos Aires, with the assistance of Clerk
No. 39, 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:

         Nelida Liliana Cunarro
         Paraguay 1209


INDUSTRIAS DERIPLOM: Creditors' Proofs of Debt Due Dec. 12
----------------------------------------------------------
Bernardo Mazer, the court-appointed trustee for Industrias
Deriplom Saciam y F's reorganization proceedings, will be
verifying creditors' proofs of claim until Dec. 12, 2012.

Mr. Mazer will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 6 in
Buenos Aires, with the assistance of Clerk No. 11, 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. 11, 2013.

The Trustee can be reached at:

         Bernardo Mazer
         Av. Corrientes 4434
         Argentina


MAYORISTA ELECTRICO: Creditors' Proofs of Debt Due Nov. 6
---------------------------------------------------------
Manuel Bol, the court-appointed trustee for Mayorista Electrico
SRL's bankruptcy proceedings, will be verifying creditors' proofs
of claim until Nov. 6, 2012.

Mr. Bol 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:

         Manuel Bol
         Alsina 2080
         Argentina


MILA 18: Creditors' Proofs of Debt Due Nov. 14
----------------------------------------------
Andrea Lemos, the court-appointed trustee for Mila 18 SA's
reorganization proceedings, will be verifying creditors' proofs of
claim until Nov. 14, 2012.

Ms. Lemos will present the validated claims in court as individual
reports.  The National Commercial Court of First Instance No. 17
in Buenos Aires, with the assistance of Clerk No. 33, 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 Aug. 12, 2013.

The Trustee can be reached at:

         Andrea Lemos
         Libertad 293
         Argentina



=============
B O L I V I A
=============


* BOLIVIA: S&P Gives 'BB-' Rating on New US$500MM Notes Due 2022
----------------------------------------------------------------
Standard & Poor's Ratings Services assigned its 'BB-' issue rating
and '4' recovery rating on the Plurinational State of Bolivia's
proposed debut issuance of US$500 million notes due in 2022. "At
the same time, we affirmed the 'BB-/B' sovereign credit ratings on
Bolivia. The outlook remains stable," S&P said.

"The ratings on both the sovereign and the proposed notes reflect
improvement in the government's debt burden, coupled with the
country's strengthened external indicators--one of the strongest
among its peers," said Standard & Poor's credit analyst Richard
Francis. "The general government debt burden fell to 31% of GDP in
2011 from 36% of GDP in 2010, partly because of the government's
low fiscal deficit and high nominal GDP growth. The recovery
rating of '4' reflects Standard & Poor's expectation for 30%-50%
recovery on the notes in a default scenario that would incorporate
a sharp fall in exports as a result of a prolonged decline in
commodity prices or severe political problems."

"Years of current account surpluses have led to a sharp build-up
in Bolivia's international reserves. This provides the country
with an important buffer against potential external economic
shocks, especially given its high dependence on natural gas and
mining exports. Bolivia's international reserves cover more than
11 months of current account payments, more than 100% of its
financial sector's total deposits, and 50% of its GDP. However,
even if the government's proposal to use up to $1 billion of the
international reserves for infrastructure projects materializes,
the country's external indicators would remain one of the
strongest among the sovereigns rated in the 'BB' category," S&P
said.

"Over time, the falling level of dollarization will improve the
country's monetary policy's effectiveness. Dollarization in
Bolivia fell to just 29% in terms of bank credit and 36% in terms
of deposits in 2011 from almost 90% in both categories in 2004,"
S&P said.



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


ACERO INVESTMENT: Placed Under Voluntary Wind-Up
------------------------------------------------
On Aug. 31, 2012, the members of Acero Investment Holding Ltd.
passed a resolution that voluntarily winds up the company's
operations.

Only creditors who were able to file their proofs of debt by
Oct. 15, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


ARLBERG LIMITED: Creditors' Proofs of Debt Due Oct. 22
------------------------------------------------------
The creditors of Arlberg Limited are required to file their proofs
of debt by Oct. 22, 2012, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Sept. 12, 2012.

The company's liquidator is:

         Buchanan Limited
         c/o Allison Kelly
         Telephone: (345) 949-0355
         Facsimile: (345)949-0360
         P.O. Box 1170, George Town Grand Cayman KY1-1102
         Cayman Islands


GLADBROOK LIMITED: Creditors' Proofs of Debt Due Oct. 22
--------------------------------------------------------
The creditors of Gladbrook Limited are required to file their
proofs of debt by Oct. 22, 2012, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Sept. 13, 2012.

The company's liquidator is:

         Buchanan Limited
         c/o Allison Kelly
         Telephone: (345) 949-0355
         Facsimile: (345)949-0360
         P.O. Box 1170, George Town Grand Cayman KY1-1102
         Cayman Islands


KACELA OFFSHORE: Placed Under Voluntary Wind-Up
-----------------------------------------------
On Sept. 5, 2012, the sole shareholder of Kacela Offshore Fund,
Ltd. resolved to voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
Oct. 15, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


KACELA OFFSHORE II: Placed Under Voluntary Wind-Up
--------------------------------------------------
On Sept. 5, 2012, the sole shareholder of Kacela Offshore Fund II,
Ltd. resolved to voluntarily wind up the company's operations.

Only creditors who were able to file their proofs of debt by
Oct. 15, 2012, will be included in the company's dividend
distribution.

The company's liquidator is:

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


LUMISTAR INVESTMENTS: Creditors' Proofs of Debt Due Oct. 22
-----------------------------------------------------------
The creditors of Lumistar Investments Limited are required to file
their proofs of debt by Oct. 22, 2012, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Sept. 13, 2012.

The company's liquidator is:

         Buchanan Limited
         c/o Allison Kelly
         Telephone: (345) 949-0355
         Facsimile: (345)949-0360
         P.O. Box 1170, George Town Grand Cayman KY1-1102
         Cayman Islands


MANTIS REEF II: Creditors' Proofs of Debt Due Oct. 25
-----------------------------------------------------
The creditors of Mantis Reef II Pledge Limited are required to
file their proofs of debt by Oct. 25, 2012, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Sept. 10, 2012.

The company's liquidator is:

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


NOTION CAPITAL: Creditors' Proofs of Debt Due Oct. 24
-----------------------------------------------------
The creditors of Notion Capital Nominees Limited are required to
file their proofs of debt by Oct. 24, 2012, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Sept. 11, 2012.

The company's liquidator is:

         Linburgh Martin
         c/o Neil Gray
         Telephone: (345) 949 8455
         Facsimile: (345) 949 8499
         Intertrust (Cayman) Limited
         Harbour Place, Fourth Floor
         P.O. Box 1034 Grand Cayman KY1-1102
         Cayman Islands


PACIFIC PHARMA: Creditors' Proofs of Debt Due Oct. 22
-----------------------------------------------------
The creditors of Pacific Pharma Limited are required to file their
proofs of debt by Oct. 22, 2012, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Sept. 13, 2012.

The company's liquidator is:

         Buchanan Limited
         c/o Allison Kelly
         Telephone: (345) 949-0355
         Facsimile: (345)949-0360
         P.O. Box 1170, George Town Grand Cayman KY1-1102
         Cayman Islands


TMA ASIAN: Commences Liquidation Proceedings
--------------------------------------------
On Sept. 13, 2012, the members of TMA Asian Equity Long Short
Master Fund resolved to voluntarily liquidate the company's
business.

Creditors are required to file their proofs of debt to be included
in the company's dividend distribution.

The company's liquidator is:

         Yoshihiro Matsuzaki
         35 Oxley Rise, #07-10 Vision Crest Residence
         Singapore 238711



=====================
E L   S A L V A D O R
=====================


DIGICEL GROUP: America Movil Pulls Out Bid to Buy Local Operations
------------------------------------------------------------------
RJR News reports that telecom giant America Movil has pulled out
of a deal to acquire Digicel Limited Group's entire operation in
El Salvador.

Although the agreement was finalized between the two parties, news
came that Digicel Group had granted consent for America Movil to
withdraw from the deal, according to RJR News.

The report relates that the deal for America Movil to acquire the
El Salvador business was struck in March, with ownership of
Digicel's Honduras unit going in the same direction.

Digicel Group acquired America Movil's Claro network in Jamaica as
part of the agreement, the report notes.

RJR News says that one reason for the deal's cancellation may be
that the El Salvador competition regulator had stipulated that
America Movil would have to relinquish 20 megahertz of spectrum
for the deal to get the green light.

                           *     *     *

As reported in the Troubled Company Reporter on Sept. 7, 2012,
Moody's Investors Service has assigned a Caa1 rating to Digicel
Group Limited's proposed US$700 million senior unsecured notes due
2020. Net proceeds will be used to repurchase the entire tranche
of the DGL 9.125%/9.875% senior PIK toggle notes due 2015
(US$415 million outstanding) and a portion of the 8.875% senior
notes due 2015 (US$1 billion outstanding) via tender offers.



=============
G R E N A D A
=============


* GRENADA: S&P Ups Foreign Sovereign Credit Ratings to 'CCC+/C'
---------------------------------------------------------------
Standard & Poor's Ratings Services is raising its foreign currency
sovereign credit ratings on Grenada to 'CCC+/C' from 'SD/SD'. "We
also affirmed our 'CCC+/C' local currency ratings on Grenada. The
senior unsecured foreign currency rating on the US$193 million
bond due 2025 is also 'CCC+'. The outlook on the long-term ratings
is negative," S&P said.

"The large and persistent fiscal and external deficits, debt
management difficulties as a result of weak liquidity, and dim
near-term growth prospects limit our ratings on Grenada," said
Standard & Poor's credit analyst Kelli Bissett. "The government's
access to the Caribbean Regional Government Securities Market, as
well as funding and aid from multilateral and government sources,
support the ratings."

"On Oct. 12, the government of Grenada sent funds to its paying
agent that were sufficient to pay holders of its US$193 million
bond in full for the interest owed to them since Sept. 15, 2012.
This, in our opinion, cured the default on the foreign currency
debt. The payment was made within the 30-day grace period
indicated in the issue documentation, but we view a missed payment
as a default if it is not paid within five days of the due date,
according to our criteria. The government of Grenada remains
current on its local currency obligations," S&P said.

"In our opinion, the liquidity pressures on the government of
Grenada's overall finances remain acute," said Ms. Bissett. "We
project economic growth of less than 1% in 2012, as foreign direct
investment remains low and the tourism industry continues to
struggle (for example, a large hotel announced this week that it
will close). The continuation of several tax exemptions have
contributed to lower-than-budgeted revenues. The government plans
to reduce planned capital expenditure drastically for the second
half of 2012 and likely into 2013, which will be accompanied by
lower foreign grants and multilateral loan disbursements. Although
the government has remained current on its local currency
obligations and was able to issue XC$12 million (US$4 million) of
Treasury bills on the Caribbean Regional Government Securities
Market recently, liquidity pressures have caused the government to
delay public-sector wage payments twice in recent months."

"The negative outlook reflects the potential for a downgrade if
liquidity pressures remain acute and funding options become more
limited over the next 12 months. We would likely lower the ratings
if the government were to delay another interest payment, or if it
were to seek a debt rescheduling, or if political risk were to
increase. We could revise the outlook to stable if the
government's funding profile improves (most likely through an IMF
agreement in the short-term and a more sustainable economic and
debt trajectory over the medium-term)," S&P said.



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


DYOLL INSURANCE: To Issue New Payout to Creditors & Claimants
-------------------------------------------------------------
RJR News reports that creditors and claimants of the failed Dyoll
Insurance are to receive another pay out.

Dyoll's joint liquidators John Lee and Kenneth Kyrs have advised
of their intention to declare a fifth interim dividend, according
to RJR News.  The report relates that this is based on a Supreme
Court ruling on October 8.

The pay out will begin on October 31 and continue for three
months, RJR News says.

RJR News discloses that Dyoll creditors and claimants will receive
a dividend of 9-10% of their admitted liability.

Dyoll Insurance collapsed in 2005 after it was unable to honor
billions of dollars in insurance claims following Hurricane Ivan.



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


GENWORTH SEGUROS: S&P Assigns 'BB+' Financial Strength Rating
-------------------------------------------------------------
Standard & Poor's Ratings Services lowered the national scale
rating on Genworth Seguros de Credito a la Vivienda to 'mxAA-'
from 'mxAA'. "At the same time, we assigned a 'BB+' global scale
financial strength rating to the company. The outlook on both
scales is negative," S&P said.

"The financial strength rating on Genworth Seguros de Credito a la
Vivienda reflects the parent company, Genworth Financial Inc.'s
(GNW; BBB-/Negative/A-3), explicit support to its subsidiary. GNW
guarantees a maximum amount of $260 million, which despite the
cap, in our opinion, is enough to support the operation and
capitalization of Genworth Seguros de Credito a la Vivienda. If
GNW were to discontinue this guarantee, it would continue
guaranteeing the potential liabilities arising from any current
policy of Genworth Seguros de Credito a la Vivienda up to one day
before the end of it," S&P said.



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


BANCO BILBAO: S&P Cuts Issuer Credit Rating to 'BB+'; Outlook Neg
-----------------------------------------------------------------
Standard & Poor's Ratings Services lowered its issuer credit
ratings on Banco Bilbao Vizcaya Argentaria (Panama) S.A. y
Subsidiaria to 'BB+/B' from 'BBB-/A-3'. Standard & Poor's also
said that it revised the outlook on the long-term rating to
negative from stable.

"The rating actions on BBVA Panama followed the downgrade of its
parent, Banco Bilbao Vizcaya Argentaria S.A. (BBVA; BBB-
/Negative/A-3), on Oct. 15, 2012," said Standard & Poor's credit
analyst Ivana Recalde. "The downgrade of BBVA followed our Oct.
10, 2012, downgrade of the Kingdom of Spain (foreign and local
currency ratings BBB-/Negative/A-3). We continue to view wholly
owned BBVA Panama as 'moderately strategic' to its parent," said
Ms. Recalde.

"Our stand-alone credit profile (SACP) on BBVA Panama remains
'bb+'. According to our criteria, we don't incorporate any uplift
or support into the issuer credit rating based on the company's
strategic importance to its parent. Under our group methodology,
the indicative long-term issuer credit rating on a 'moderately
strategic' subsidiary is generally one notch above the
subsidiary's SACP, subject to a cap of one rating notch below the
group credit profile," S&P said.

"The negative outlook on BBVA Panama reflects the outlook on its
parent, BBVA, which, in turn, reflects the outlook on the
sovereign ratings on Spain," S&P said.



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


CARIBBEAN AIRLINES: U.S. Probes Airline on Flight Delay
-------------------------------------------------------
Trinidad Express reports that State-owned Caribbean Airlines (CAL)
is being investigated by the United States Department of
Transportation for keeping passengers on the aircraft of an
international flight for more than four hours.

The DoT said in an Oct. 15 statement the four-and-a-half-hour
delay occurred on August 15 on a CAL flight from New York's John F
Kennedy International Airport to Piarco International in Port of
Spain, according to Trinidad Express.

The report notes that the DoT's Air Travel Consumer Report states
that the only delay on a runway that violated the "Passenger's
Bill of Rights" rules in August was CAL's flight.

Trinidad Express discloses that the report stated the rules
against runway delays prohibit delays longer than four hours on
international flights, and the three-hour rule for domestic
routes.

The DoT said that since the new rules took effect, airlines can be
fined US$27,500 for each passenger who is stranded on a plane,
Trinidad Express relays.

Trinidad Express notes that CAL said the delay was caused by bad
weather, and a number of other flights were also delayed.

Corporate Communications head Clint Williams told the Trinidad
Express via telephone, he did not know how long the aircraft
stayed on the tarmac.

Caribbean Airlines is complying with all requests for information
from the DOT, Mr. Williams said in a follow-up statement obtained
by Trinidad Express.

Caribbean Airlines Limited -- http://http://www.caribbean-
airlines.com/ -- provides passenger airline services.  It also
specializes in the shipment of fresh cut flowers and packaged
meats, hatching eggs, chocolates, fruits and vegetables, frozen
and chilled fish, vaccines, newspapers, and magazines within the
Caribbean, as well as to North America and Europe.

                          *     *     *

As reported in the Troubled Company Reporter on March 21, 2012,
RJR News said that Caribbean Airlines Limited owes nearly
US$30 million to Trinidad and Tobago's fuel provider National
Petroleum.  Trinidad Express said CAL enjoys a seven-day credit
facility for aviation fuel from the company, according to RJR
News.  However, the report related that the airline has not been
able to pay the full amount when invoiced and instead has been
issuing partial payments to sustain the account.  RJR News notes
that Trinidad Express reported that the arrears were built up
over the last six weeks as no payments have been made despite an
attractive fuel subsidy which the airline has enjoyed since it
began operations in January 2007.



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


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

Oct. 18, 2012
   AMERICAN BANKRUPTCY INSTITUTE
      International Insolvency & Restructuring Symposium
         Parco dei Principi Grand Hotel & Spa, Rome, Italy
            Contact:        1-703-739-0800;
http://www.abiworld.org/

Oct. 26, 2012
   AMERICAN BANKRUPTCY INSTITUTE
      NCBJ/ABI Educational Program
         San Diego Marriott Marquis and Marina, San Diego, Calif.
            Contact:         1-703-739-0800;
http://www.abiworld.org/

Nov. 1-2, 2012
   AMERICAN BANKRUPTCY INSTITUTE
      Corporate Restructuring Competition
         Wharton University of Pennsylvania, Philadelphia, Pa.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

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

Nov. 12, 2012
   AMERICAN BANKRUPTCY INSTITUTE
      Detroit Consumer Bankruptcy Conference
         [Location Undetermined]
            Contact:      1-703-739-0800; http://www.abiworld.org/

Nov. 26, 2012
   BEARD GROUP, INC.
      19th Annual Distressed Investing Conference
          The Helmsley Park Lane Hotel, New York, N.Y.
          Contact:          240-629-3300 or http://bankrupt.com/

Nov. 29-30, 2012
   MID-SOUTH COMMERCIAL LAW INSTITUTE
      33rd Annual Bankruptcy & Commercial Law Seminar
         Nashville Marriott at Vanderbilt, Nashville, Tenn.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

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

Dec. 4-8, 2012
   AMERICAN BANKRUPTCY INSTITUTE
      ABI/SJUSL Mediation Training Symposium
         St. John's University, Queens, N.Y.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

Feb. 20-22, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      VALCON
         Four Seasons Las Vegas, Las Vegas, Nev.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

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

Apr. 18-21, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      Annual Spring Meeting
         Gaylord National Resort & Convention Center,
         National Harbor, Md.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

June 13-16, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      Central States Bankruptcy Workshop
         Grand Traverse Resort, Traverse City, Mich.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

July 11-13, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      Northeast Bankruptcy Conference
         Hyatt Regency Newport, Newport, R.I.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

July 18-21, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      Southeast Bankruptcy Workshop
         The Ritz-Carlton Amelia Island, Amelia Island, Fla.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

Aug. 8-10, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      Mid-Atlantic Bankruptcy Workshop
         Hotel Hershey, Hershey, Pa.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

Aug. 22-24, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      Southwest Bankruptcy Conference
         Hyatt Regency Lake Tahoe, Incline Village, Nev.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

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

Nov. 1, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      NCBJ/ABI Educational Program
         Atlanta Marriott Marquis, Atlanta, Ga.
            Contact:          1-703-739-0800;
http://www.abiworld.org/

Dec. 2, 2013
   BEARD GROUP, INC.
      19th Annual Distressed Investing Conference
          The Helmsley Park Lane Hotel, New York, N.Y.
          Contact:          240-629-3300 or http://bankrupt.com/

Dec. 5-7, 2013
   AMERICAN BANKRUPTCY INSTITUTE
      Winter Leadership Conference
         Terranea Resort, Rancho Palos Verdes, Calif.
            Contact:          1-703-739-0800;
http://www.abiworld.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


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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, Ivy B. Magdadaro, Frauline S.
Abangan, and Peter A. Chapman, Editors.

Copyright 2012.  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 Peter Chapman at 240/629-3300.


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