TCRLA_Public/150717.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

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

            Friday, July 17, 2015, Vol. 16, No. 139


                            Headlines



C A Y M A N  I S L A N D S

BOULDER GLOBAL: Creditors' Proofs of Debt Due Aug. 4
CUBIC TRANSPORTATION: Placed Under Voluntary Wind-Up
EMPIRIC STRATEGIC: Creditors' Proofs of Debt Due July 28
GOLDMAN SACHS PEG: Commences Liquidation Proceedings
GOLDMAN SACHS PRIVATE: Commences Liquidation Proceedings

GS VINTAGE: Commences Liquidation Proceedings
KVC ADVISORS: Commences Liquidation Proceedings
LIONGATE AFRICAN: Creditors' Proofs of Debt Due July 28
OLYMPIA ENERGY: Creditors' Proofs of Debt Due Aug. 7
WORLD HEALTH: Creditors' Proofs of Debt Due July 28


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Mulls Free Trade With Taiwan, Leader Says
* DOMINICAN REP: Committee to Boost Exports Slates 1st Meeting


E C U A D O R

ECUADOR: IDB OKs $37 Million Loan to Finance Steel Plant


J A M A I C A

JAMAICA: Looks to Nutraceutical Industry for Economic Growth
JAMAICA: Use Housing Development to Spur Growth, Wynter Urges


P U E R T O    R I C O

ALONSO & CARUS: US Trustee Forms Five-Member Creditors' Committee
COCO BEACH GOLF: Files for Chapter 11 to Sell to OHorizons
COCO BEACH GOLF: Files Schedules of Assets and Debt
DJSP ENTERPRISES: Board Declares Cash NonDividend Distribution


                            - - - - -


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


BOULDER GLOBAL: Creditors' Proofs of Debt Due Aug. 4
----------------------------------------------------
The creditors of Boulder Global Assets Limited are required to
file their proofs of debt by Aug. 4, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on June 8, 2015.

The company's liquidator is:

          Lion International Management Limited
          Craigmuir Chambers
          Road Town Tortola VG 1110
          British Virgin Islands
          c/o Philip C Pedro
          HSBC International Trustee Limited
          Compass Point
          9 Bermudiana Road
          Hamilton HM 11
          Bermuda
          Telephone: (441) 299-6482
          Facsimile: (441) 299-


CUBIC TRANSPORTATION: Placed Under Voluntary Wind-Up
----------------------------------------------------
On June 18, 2015, the shareholders of Cubic Transportation Systems
Technologies Holding Company resolved to voluntarily wind up the
company's operations.

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

The company's liquidator is:

          Trident Liquidators (Cayman) Ltd.
          c/o Lisa Thoppil
          One Capital Place, 4th Floor
          P.O. Box 847, George Town
          Grand Cayman, KY1-1103
          Cayman Islands
          Telephone: (345) 949 0880
          Facsimile: (345) 949 0881


EMPIRIC STRATEGIC: Creditors' Proofs of Debt Due July 28
--------------------------------------------------------
The creditors of Empiric Strategic Income Offshore Fund, Ltd. are
required to file their proofs of debt by July 28, 2015, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on June 22, 2015.

The company's liquidator is:

          Appleby Trust (Cayman) Ltd.
          c/o Richard Gordon
          Telephone: +1 (345) 949 4900
          75 Fort Street
          P.O. Box 1350 Grand Cayman KY1-1108
          Cayman Islands


GOLDMAN SACHS PEG: Commences Liquidation Proceedings
----------------------------------------------------
On June 19, 2015, the sole shareholder of Goldman Sachs PEG
Advisors, Inc. 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:

          Walkers Liquidations Limited
          Cayman Corporate Centre
          27 Hospital Road
          George Town
          Grand Cayman KY1-9008 Cayman Islands
          Telephone: +1 (345) 949 0100


GOLDMAN SACHS PRIVATE: Commences Liquidation Proceedings
--------------------------------------------------------
On June 19, 2015, the sole shareholder of Goldman Sachs Private
Equity Opportunities Advisors, Inc. 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:

          Walkers Liquidations Limited
          Cayman Corporate Centre
          27 Hospital Road
          George Town
          Grand Cayman KY1-9008 Cayman Islands
          Telephone: +1 (345) 949 0100


GS VINTAGE: Commences Liquidation Proceedings
---------------------------------------------
On June 19, 2015, the sole shareholder of GS Vintage Offshore
Advisors, Inc. 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:

          Walkers Liquidations Limited
          Cayman Corporate Centre
          27 Hospital Road
          George Town
          Grand Cayman KY1-9008 Cayman Islands
          Telephone: +1 (345) 949 0100


KVC ADVISORS: Commences Liquidation Proceedings
-----------------------------------------------
On June 19, 2015, the sole shareholder of KVC Advisors, Inc.
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:

          Walkers Liquidations Limited
          Cayman Corporate Centre
          27 Hospital Road
          George Town
          Grand Cayman KY1-9008 Cayman Islands
          Telephone: +1 (345) 949 0100


LIONGATE AFRICAN: Creditors' Proofs of Debt Due July 28
-------------------------------------------------------
The creditors of Liongate African Frontier Fund are required to
file their proofs of debt by July 28, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on June 19, 2015.

The company's liquidator is:

          Mourant Ozannes Cayman Liquidators Limited
          c/o Jo-Anne Maher
          Telephone: (345) 814-9255
          Facsimile: (345) 949-4647
          94 Solaris Avenue Camana Bay
          P.O. Box 1348 Grand Cayman KY1-1108
          Cayman Islands


OLYMPIA ENERGY: Creditors' Proofs of Debt Due Aug. 7
----------------------------------------------------
The creditors of Olympia Energy Fund Ltd. are required to file
their proofs of debt by Aug. 7, 2015, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on June 19, 2015.

The company's liquidator is:

          Maricorp Services Ltd.
          c/o J. Andrew Murray
          Telephone: (345) 949 9710
          P.O. Box 2075, 31 The Strand
          Grand Cayman, KY1-1105
          Cayman Islands


WORLD HEALTH: Creditors' Proofs of Debt Due July 28
---------------------------------------------------
The creditors of World Health Investment Holding Limited are
required to file their proofs of debt by July 28, 2015, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on June 15, 2015.

The company's liquidator is:

          Yang Weiguang
          2906 West Tower, Wangzuo Center
          No. 1, Jinghua South Street, Chaoyang District
          Beijing, China
          Telephone: + 86-010-52078025
          Facsimile: + 86-010-52078088


===================================
D O M I N I C A N   R E P U B L I C
===================================


DOMINICAN REPUBLIC: Mulls Free Trade With Taiwan, Leader Says
-------------------------------------------------------------
Dominican Today reports that Senate President Cristina Lizardo
said the authorities weigh the possibility of a Free Trade
Agreement (FTA) with Taiwan, "as a gateway to the Dominican
Republic to the Asian market."

Ms. Lizardo stressed the strong ties between Taipei and Santo
Domingo through cooperation and urged to strengthen and widen it,
according to Dominican Today.

The report notes that Ms. Lizardo, speaking at a dinner hosted by
Congress for Taiwan president Ma Ying-jeou, who's on official
visit, called a free trade pact with Taiwan an important way to
increase exports on various locally manufactured items.


* DOMINICAN REP: Committee to Boost Exports Slates 1st Meeting
--------------------------------------------------------------
Dominican Today reports that Dominican Republic Export and
Investment Center (CEI-RD) Executive director Jean A. Rodriguez
disclosed the first meeting of the Presidency's Export Development
Committee, created to evaluate the performance of the country's
export sector.

Mr. Rodriguez said the meeting with President Danilo Medina and
the heads of 15 government agencies and eight private sector
organizations at the National Palace on July 29 aims to boost
exports, according to Dominican Today.

The report notes that Mr. Rodriquez said in the framework of the
meeting the government will evaluate a proposal to collaborate
with the Macro Export Promotion Strategy, involving public and
private entities, among other topics.

During the recent Dominican Exporters Association (ADOEXPO) annual
luncheon Mr. Rodriguez said the initiatives in the CEI-RD work
plan to motor national exports led to Dominican Republic's
marketing of more than 3,780 product lines to more than 170
countries in 2014, the report relates.

The committee is formed by the associations of exporters
(ADOEXPO), the business council (Conep).  Free Zones (ADOZONA),
the agribusiness (JAD) , industries (AIRD), hotels and tourism
(ASONAHORES), chambers of commerce (FEDOCAMARAS) and small and
medium business (CODOPYME).


=============
E C U A D O R
=============


ECUADOR: IDB OKs $37 Million Loan to Finance Steel Plant
--------------------------------------------------------
The IDB has approved a loan of $37 million for the design,
development, construction and operation of a new steel producing
plant with a capacity for 400,000 tons per year in Milagros,
Guayas province, Ecuador.

The project will contribute to a change in the country's
productive sector, creating more than 500 jobs, and includes
training for the new employees, a shared value plan promoted by
the IDB that is expected to benefit more than 800 recyclers, and a
certificate of gender equity.

It will be developed by Adelca, a leader in the steel industry.
Adelca is a company whose raw material is scrap metal, such that
its production processes are ecologically sustainable. Since the
company's founding it has continuously innovated both its
production systems and the services it offers its clients through
advanced technology and well-trained personnel.

The financing approved by the IDB for the steel plant includes a
$37 million loan from its ordinary capital and $12 million from
the China Co-Financing Fund for Latin America and the Caribbean, a
fund created by the Chinese government to co-finance projects in
the region with the IDB.  The IDB financing complements a $30
million loan approved in June by the Inter-American Investment
Corporation, a member of the IDB Group

It is expected that over the next four years Ecuador will increase
its industrial development by supporting investments in
infrastructure; energy generation; road, seaport and airport
construction; the development of refineries; and the shipping,
petrochemical, metal and steel industries.


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


JAMAICA: Looks to Nutraceutical Industry for Economic Growth
------------------------------------------------------------
RJR News reports that Phillip Paulwell, Jamaica's Science
Minister, has declared that the country is positioning itself to
derive tremendous economic and social benefits from the global
nutraceutical industry, which is valued at more than US$150
billion.

The Minister, speaking at the signing of a Memorandum of
Understanding between the Jamaica 4-H Clubs and the National
Commission on Science & Technology, noted that the country has
over 50 per cent of established medicinal plants worldwide,
according to RJR News.

The report notes that the three-year agreement is aimed at
enhancing agricultural production, as well as capitalizing on
opportunities available in the nutraceutical industry.


                         *     *     *

As reported in the Troubled Company Reporter-Latin America on
June 5, 2015, Standard & Poor's Ratings Services raised its long-
term foreign and local currency sovereign credit ratings on
Jamaica to 'B' from 'B-'.  In addition, S&P affirmed the 'B'
short-term ratings on Jamaica.  The outlook on the long-term
ratings is stable.  S&P also raised the transfer and
convertibility assessment to 'B+' from 'B'.


JAMAICA: Use Housing Development to Spur Growth, Wynter Urges
-------------------------------------------------------------
RJR News reports that Courtney Wynter, General Manager of Jamaica
Mortgage Bank, has suggested that Jamaica could use housing
developments to grow the economy.

According to Mr. Wynter, mortgages in Jamaica, as a percentage of
gross domestic product, lag behind that of developed countries,
highlighting the fact that there is also a huge gap between the
demand for low income and middle income housing, the report
relates.

Mr. Wynter believes the answer lies in the use of residential
mortgage-backed securities, according to RJR News.

The report notes that the Jamaica Mortgage Bank head said this
would result in more liquidity for housing developments across the
island, as well as create employment and growth in the economy.

                         *     *     *

As reported in the Troubled Company Reporter-Latin America on
June 5, 2015, Standard & Poor's Ratings Services raised its long-
term foreign and local currency sovereign credit ratings on
Jamaica to 'B' from 'B-'.  In addition, S&P affirmed the 'B'
short-term ratings on Jamaica.  The outlook on the long-term
ratings is stable.  S&P also raised the transfer and
convertibility assessment to 'B+' from 'B'.


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


ALONSO & CARUS: US Trustee Forms Five-Member Creditors' Committee
-----------------------------------------------------------------
The U.S. trustee overseeing the Chapter 11 case of Alonso & Carus
Iron Works Inc. appointed five creditors of the company to serve
on the official committee of unsecured creditors.

The unsecured creditors are:

     (1) Infra Metals Co., Inc.
         c/o Jose A. Rodriguez, Esq.
         2400 E. Commercial Blvd., Suite 400
         Fort Lauderdale, Florida 33308
         Tel. (954) 567-1776
         Fax: (954) 567-1778
         E-mail: jose@sotolawgroup.com
                 www.sotolawgroup.com

     (2) Olympic Steel, Inc.
         c/o Ken Gatte
         Director of Corporate Credit
         5096 Richmond Road
         Bedford Hts., OH 44146
         Tel. Direct 216-682-0575
         Fax: (216) 292-3974
         E-mail address: ken.gatte@olysteel.com

         Additional address:
         Olympic Steel, Inc.
         c/o Antonio A. Arias, Esq.
         McConnell Valdes LLC
         PO Box 364225
         San Juan, PR 00936-4225
         Tel. (787) 250-5604
         Fax: (787) 759-2771
         E-mail: aaa@mcvpr.com

     (3) Saginaw Pipe Co., Inc.
         c/o Jim Boteler, Credit Manager
         PO Box 8
         Saginaw, AL 35137
         Tel. (205) 624-1142
         Fax: (205) 624-1242
         E-mail: Jim_b@saginawpipe.com

         Additional address:
         Saginaw Pipe Co., Inc.
         c/o Antonio A. Arias, Esq.
         McConnell Valdes LLC
         PO Box 364225
         San Juan, PR 00936-4225
         Tel. (787) 250-5604
         Fax: (787) 759-2771
         E-mail: aaa@mcvpr.com

     (4) Triple S Steel Supply Co.
         Walter B. Fowlkes
         Chief Financial Officer
         6000 Jensen Drive
         Houston, TX 77026
         Tel. (713) 354-4138
         Fax: (713) 697-5945
         E-mail: Walter.fowlkes@sss-steel.com

         Additional address:
         Triple S Steel Supply Co.
         c/o Antonio A. Arias, Esq.
         McConnell Valdes LLC
         PO Box 364225
         San Juan, PR 00936-4225
         Tel. (787) 250-5604
         Fax: (787) 759-2771
         E-mail: aaa@mcvpr.com

     (5) Valley Joist, Inc.
         Laura Catherine Ashburner
         c/o EBSCO Industries, Inc.
         5724 Hwy 280 East
         Birmingham, AL 35242
         Tel. (205) 995-1500
         Fax: (205) 981-4046
         E-mail: lashburner@ebsco.com

         Additional address:
         Valley Joist, Inc.
         c/o Fernando Van Derdys, Esq.
         Reichard & Escalera
         PO Box 364148
         San Juan, PR 00936
         Tel. (787) 777-8888
         Fax: (787) 765-4225
         E-mail: fvander@reichardescalera.com

On May 4, the U.S. trustee, the Justice Department's bankruptcy
watchdog, held a meeting of creditors but did not appoint a
committee because only Triple S Steel expressed interest to serve
on the panel.

Earlier this month, Triple S Steel and three other unsecured
creditors proposed the appointment of a committee, saying the
early filing of Alonso & Carus' restructuring plan requires a
committee to look into the assets, liabilities and financial
condition of the company in order to validate the plan.

On July 13, Alonso & Carus filed an objection, arguing there is no
need to appoint a committee at this early stage of its bankruptcy
case.

                   About Alonso & Carus Iron Works

Alonso & Carus Iron Works, Inc., sought Chapter 11 protection
(Bankr. D.P.R. Case No. 15-02250) in Old San Juan, Puerto Rico, on
March 27, 2015.  The case is assigned to Judge Enrique S. Lamoutte
Inclan.

The Catano, Puerto Rico-based debtor has filed schedules of assets
and liabilities, disclosing $23,028,113 in total assets and
$14,919,146 in total debts.

The Debtor has employed Charles A Curpill, PSC Law office, as
counsel; and CPA Luis R. Carrasquillo & Co, PSC as financial
consultant.


COCO BEACH GOLF: Files for Chapter 11 to Sell to OHorizons
-----------------------------------------------------------
Coco Beach Golf & Country Club, S.E., owner of a first class golf
and country club in Rio Grande, Puerto Rico, currently operating
under the name of Trump International Golf Club Puerto Rico,
sought Chapter 11 protection (Bankr. D.P.R. Case No. 15-05312) in
Old San Juan, Puerto Rico, on July 13, 2015, and immediately filed
a motion seeking to sell most of the assets for $2.04 million in
cash to OHorizons Global, LLC, subject to higher and better
offers.

The Golf & Country Club includes, among other things, two 18-hole
golf courses and country club facilities.  Prior to commencing
this bankruptcy proceeding, the Debtor began experiencing a
substantial diminution in its cash flow due to Puerto Rico's
adverse economic situation, which has impacted the tourism sector
of the Island. Said situation, together with Debtor's inability to
raise sufficient income to remain competitive in today's
marketplace, have resulted in Debtor's need to sell the Golf &
Country Club in order to maximize the value of its assets for the
benefit of creditors and the bankruptcy estate.

Marketing efforts to sell the Golf & Country Club began in 2011
when Betteroads Asphalt, LLC, the owner of Coco Beach Resort,
decided to sell all of the resort components owned by it, except
for the Gran MeliĀ­ Hotel and Vacation Club.  The initial marketing
efforts in 2011 failed to generate any offers for the Golf &
Country Club.  Marketing to private equity funds in New York in
2013 also failed to generate any offers.

After negotiations that began in January this year, the Debtor and
OHorizons executed an exclusivity agreement to allow OHorizons to
conduct preliminary due diligence, which led to the execution of a
master agreement for the purchase by OHorizons of the Resort,
including the Golf & Country Club.

OHorizons has agreed to purchase the assets on these terms:

   a. Assets to be Sold.  The "Purchased Assets" consist of
substantially all of the assets of the Debtor, except for certain
excluded assets, used in or related to or held for use in
connection with the operation of the business.

   b. Free and Clear. The Purchased Assets are to be sold free and
clear of all liens, claims encumbrances and interests.

   c. Purchase Price. The aggregate consideration for the
Purchased
Assets is specified in the APA as $2,042,528 in cash plus the
assumption by OHorizons of certain contracts and any associated
cure costs.

  d. Deposit. OHorizons will advance a deposit of $75,000, subject
to the terms of the APA.

  e. Breakup Fee/Expense Reimbursement. Under the APA, OHorizons
will be entitled to a breakup fee of $60,000 and an expense
reimbursement of $50,000.

  f. Closing. To occur upon satisfaction of various conditions set
forth in the APA but, in any event, no later than March 31, 2016.

The Debtor will consider competing proposals for the assets.  The
Debtor asks the Court to set a deadline for competing bids on a
date within 45 days from entry of the bidding procedures order.
If qualified bids are received, the Debtor intends to conduct an
auction within 5 days from the bid deadline.

The Debtor's attorneys can be reached at:

         Charles Alfred Cuprill, Esq.
         CHARLES A CUPRILL, P.S.C. LAW OFFICES
         356 Fortaleza Street, Second Floor
         San Juan, Puerto Rico 00901
         Tel: (787) 977-0515
         Fax: (787) 977-0518
         E-mail: ccuprill@cuprill.com

OHorizons' attorneys can be reached at:

         Harry O. Cook, Esq.
         MCCONNEL VALDES, LLC
         270 Munoz Ave., San Juan, PR 00918
         E-mail: hoc@mcvpr.com

                - and -

         Erick Perez Ochoa, Esq.
         ADSUAR MUNIZ GOYCO SEDA & PEREZ-CHOA, PSC
         208 Ponce de Leon Ave., Suite 1600
         San Juan, PR 00918
         E-mail: epo@amgrlaw.com



COCO BEACH GOLF: Files Schedules of Assets and Debt
---------------------------------------------------
Coco Beach Golf & Country Club, S.E., filed its schedules of
assets and liabilities, disclosing:

     Name of Schedule              Assets         Liabilities
     ----------------            -----------      -----------
  A. Real Property                $1,000,000
  B. Personal Property            $8,230,317
  C. Property Claimed as
     Exempt
  D. Creditors Holding
     Secured Claims                               $32,606,821
  E. Creditors Holding
     Unsecured Priority
     Claims                                          $230,611
  F. Creditors Holding
     Unsecured Non-priority
     Claims                                       $45,231,447
                                 -----------      -----------
        TOTAL                     $9,230,317      $78,068,879

The Debtor's sole real property is the Trump International Golf
Club at Coco Beach at Zarzal Ward, Rio Grande, Puerto Rico.  The
property includes two 18-hole golf courses and a full-service club
house, on a parcel of land of 532.32 "Cuerdas", with a full
service club house, cart barn, starter building, host station
tower, a maintenance building, all of approximately 47,600 square
feet.  The property is worth $1 million, based on appraised value
as of May 14, 2015.

A copy of the schedules filed together with the bankruptcy
petition is available for free at:

           http://bankrupt.com/misc/prb15-05312_SAL.pdf

                       About Coco Beach Golf

Coco Beach Golf & Country Club, S.E., owner of a first class golf
and country club in Rio Grande, Puerto Rico, currently operating
under the name of Trump International Golf Club Puerto Rico,
sought Chapter 11 protection (Bankr. D.P.R. Case No. 15-05312) in
Old San Juan, Puerto Rico, on July 13, 2015, and immediately filed
a motion seeking to sell most of the assets for $2.04 million in
cash to OHorizons Global, LLC, subject to higher and better
offers.

Charles Alfred Cuprill, Esq., at Charles A Cuprill, P.S.C. Law
Offices, serves as counsel to the Debtor.


DJSP ENTERPRISES: Board Declares Cash NonDividend Distribution
--------------------------------------------------------------
The Board of Directors of DJSP Enterprises, Inc. declared a cash
nondividend distribution of $0.3929 per ordinary share, payable to
shareholders of record as of July 15, 2015.  The Distribution will
be paid as soon as possible following the Record Date, but in no
event later than July 22, 2015.

The amount of dividends or distributions, if any, that the Company
pays to its shareholders is determined by the Company's Board of
Directors, at its discretion, and is dependent on a number of
factors, including the Company's financial position, results of
operations, cash flows, capital requirements and restrictions
under its credit agreements, and will be in compliance with
applicable law.  The Company cannot guarantee the amount of
dividends or distributions paid in the future, if any.

                      About DJSP Enterprises

Based in Plantation, Florida, DJSP Enterprises, Inc. (Nasdaq:
DJSP, DJSPW, DJSPU) provides a wide range of processing services
in connection with mortgages, mortgage defaults, title searches
and abstracts, REO (bank-owned) properties, loan modifications,
title insurance, loss mitigation, bankruptcy, related litigation
and other services.  Its principal customer is The Law Offices of
David J. Stern, P.A.  It has additional operations in Louisville,
Kentucky and San Juan, Puerto Rico.  Its U.S. operations are
supported by a scalable, low-cost back office operation in Manila,
the Philippines, that provides data entry and document preparation
support for its U.S. operations.

As reported in the Jan. 20, 2011, edition of the TCR, DAL Group,
LLC, a subsidiary of DJSP Enterprises, has obtained waivers on
notes held by these parties for payments due through April 1,
2011:

                                         Amount of Note
                                         --------------
    Law Offices of David J. Stern, P.A.     $47,869,000
    Chardan Capital, LLC,                    $1,000,000
    Chardan Capital Markets, LLC               $250,000
    Kerry S. Propper                         $1,500,000

The waivers were sought by DAL as it develops and implements plans
to restructure its ongoing operations to reflect its significantly
reduced revenues and operations and the other changes.

DAL did not make the interest payments due Jan. 3, 2011, for (i)
unsecured term notes in the aggregate principal amount of
$1,600,000 (ii) and a $500,000 term note issued by Cornix
Management, LLC.  DAL is seeking waivers from the holders of the
unsecured notes and Cornix of principal and interest payments
otherwise due under these notes, and the default interest rates
under these notes, through April 1, 2011.

DAL has entered into a forbearance agreement with BA Note
Acquisition, LLC, pursuant to which BNA has agreed to forbear from
taking action on a $5.5-million line of credit until March 9,
2011.


                            ***********


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.

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., Washington, D.C.,
USA, Marites O. Claro, Joy A. Agravante, Rousel Elaine T.
Fernandez, Valerie U. Pascual, Julie Anne L. Toledo, and Peter A.
Chapman, Editors.

Copyright 2015.  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$775 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 A. Chapman at 215-945-7000 or Nina Novak at
202-362-8552.


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