/raid1/www/Hosts/bankrupt/TCRLA_Public/151006.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

            Tuesday, October 6, 2015, Vol. 16, No. 197


                            Headlines



C A Y M A N  I S L A N D S

AMALFI HOLDINGS: Members' Final Meeting Set for Oct. 13
ASPEN CREST: Commences Liquidation Proceedings
ASPEN CREST MASTER: Commences Liquidation Proceedings
AVKTDS LIMITED: Creditors' Proofs of Debt Due Nov. 9
BREAKWATER MASTER: Members' Final Meeting Set for Oct. 6

BREAKWATER OPPORTUNITIES: Members' Final Meeting Set for Oct. 6
INVISTA SSA: Members' Final Meeting Set for Oct. 16
MF EUROPA: Commences Liquidation Proceedings
PRESTO VENTURES: Commences Liquidation Proceedings
RIO VERDE: Members' Final Meeting Set for Oct. 13

SMILING HOLDINGS: Creditors' Proofs of Debt Due Oct. 28
TBG GLOBAL: Shareholders' Final Meeting Set for Oct. 8
TDS LIMITED: Creditors' Proofs of Debt Due Nov. 9


C H I L E

CHILE: Fitch Says Chilean Banks Helped by Inflation-Indexing Loans


D O M I N I C A N   R E P U B L I C

DOMINICAN REP: Trucks Enter Haiti Early, Despite Ban on Products
DOMINICAN REP: To Get US$50MM From World Bank to Boost Education


E C U A D O R

ECUADOR: Fitch Affirms 'B' LT FC Issuer Default Rating


J A M A I C A

DIGICEL GROUP: To Block Ads on Mobiles Unless it Gets Paid
NATIONAL COMMERCIAL BANK: To Expand Business in Barbados


P U E R T O    R I C O

ANNA'S LINENS: Hilco Streambank Okayed as IP Marketing Agent
ANNA'S LINENS: Pachulski Stang Approved as Counsel to Panel
PAGAN & PINTADO: Case Summary & 8 Largest Unsecured Creditors
PUERTO RICO: Advisory Board Backed by Leader of U.S. House Panel
SERES DE VIDA: Case Summary & 6 Largest Unsecured Creditors


T R I N I D A D  &  T O B A G O

TRINIDAD & TOBAGO: Irregular Nat. Gas Supply Takes Toll on Estate


V E N E Z U E L A

* VENEZUELA: Non-Petroleum Exports Hit $4.2 Billion


                            - - - - -


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


AMALFI HOLDINGS: Members' Final Meeting Set for Oct. 13
-------------------------------------------------------
The members of Amalfi Holdings Limited will hold their final
meeting on Oct. 13, 2015, to receive the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Buchanan Limited
          P.O. Box 1170, George Town
          Grand Cayman KY1-1102
          Cayman Islands


ASPEN CREST: Commences Liquidation Proceedings
----------------------------------------------
On Sept. 8, 2015, the sole shareholder of Aspen Crest Asia
Opportunity 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:

          Lee Yu Chuan
          8B Pinecrest, 65 Repulse Bay Road
          Repulse Bay
          Hong Kong


ASPEN CREST MASTER: Commences Liquidation Proceedings
-----------------------------------------------------
On Sept. 8, 2015, the sole shareholder of Aspen Crest Asia
Opportunity 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:

          Lee Yu Chuan
          8B Pinecrest, 65 Repulse Bay Road
          Repulse Bay
          Hong Kong


AVKTDS LIMITED: Creditors' Proofs of Debt Due Nov. 9
----------------------------------------------------
The creditors of A.V.K.T.D.S. Limited are required to file their
proofs of debt by Nov. 9, 2015, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Sept. 28, 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) 299-6526


BREAKWATER MASTER: Members' Final Meeting Set for Oct. 6
--------------------------------------------------------
The members of Breakwater Master Fund, Ltd. will hold their final
meeting on Oct. 6, 2015, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Jess Shakespeare
          c/o Kinetic Partners (Cayman) Limited
          The Harbour Centre
          42 North Church Street
          P.O. Box 10387 Grand Cayman KY1-1004
          Cayman Islands
          Telephone: (345) 623 9900
          Facsimile: (345) 943 9900


BREAKWATER OPPORTUNITIES: Members' Final Meeting Set for Oct. 6
---------------------------------------------------------------
The members of Breakwater Opportunities Fund, Ltd. will hold their
final meeting on Oct. 6, 2015, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Jess Shakespeare
          c/o Kinetic Partners (Cayman) Limited
          The Harbour Centre
          42 North Church Street
          P.O. Box 10387 Grand Cayman KY1-1004
          Cayman Islands
          Telephone: (345) 623 9900
          Facsimile: (345) 943 9900


INVISTA SSA: Members' Final Meeting Set for Oct. 16
---------------------------------------------------
The members of Invista SSA Partnership GP 1 Limited will hold
their final meeting on Oct. 16, 2015, at 10:00 a.m., to receive
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Kirsten Le Pape
          Turners Management Ltd.
          Strathvale House, 90 North Church Street
          P.O. Box 2636 Grand Cayman KY1-1102
          Cayman Islands
          Telephone: +1 (345) 814 0721


MF EUROPA: Commences Liquidation Proceedings
--------------------------------------------
On Sept. 8, 2015, the shareholders of MF Europa Ltd. 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:

          Europa Capital Partners LLP
          c/o John O'Driscoll
          Walkers
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9001
          Cayman Islands
          Telephone: +44 (0)20 7220 4987


PRESTO VENTURES: Commences Liquidation Proceedings
--------------------------------------------------
On Sept.3, 2015, the members of Presto Ventures 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:

          Pedro Paulo Magalhaes
          c/o Maples and Calder, Attorneys-at-law
          P.O. Box 309, Ugland House
          Grand Cayman KY1-1104
          Cayman Islands


RIO VERDE: Members' Final Meeting Set for Oct. 13
-------------------------------------------------
The members of Rio Verde Limited will hold their final meeting on
Oct. 13, 2015, to receive the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Buchanan Limited
          P.O. Box 1170, George Town
          Grand Cayman KY1-1102
          Cayman Islands


SMILING HOLDINGS: Creditors' Proofs of Debt Due Oct. 28
-------------------------------------------------------
The creditors of Smiling Holdings Limited are required to file
their proofs of debt by Oct. 28, 2015, to be included in the
company's dividend distribution.

The company commenced wind-up proceedings on Sept. 2, 2015.

The company's liquidators are:

          Mark Bouteloup
          Fiona Whitehead
          Citron 2004 Limited
          Telephone: + 44 1534 282147
          Facsimile: + 44 1534 282400
          23-25 Broad Street
          St Helier, Jersey


TBG GLOBAL: Shareholders' Final Meeting Set for Oct. 8
------------------------------------------------------
The shareholders of TBG Global SPC will hold their final meeting
on Oct. 8, 2015, at 10:00 a.m., to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Peter Goulden
          Mourant Ozannes Cayman Liquidators Limited
          94 Solaris Avenue, Camana Bay
          P.O. Box 1348 Grand Cayman KY1-1108
          Cayman Islands


TDS LIMITED: Creditors' Proofs of Debt Due Nov. 9
-------------------------------------------------
The creditors of T.D.S. Limited are required to file their proofs
of debt by Nov. 9, 2015, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on Aug. 10, 2015.

The company's liquidator is:

          Lion International Management Limited
          Craigmuir Chambers
          Road Town Tortola VG 1110
          British Virgin Islands
          c/o Mr. Philip C Pedro
          HSBC International Trustee Limited
          Compass Point, 9 Bermudiana Road
          Hamilton HM 11
          Bermuda
          Telephone: (441) 299-6482
          Facsimile: (441) 299-6526


=========
C H I L E
=========


CHILE: Fitch Says Chilean Banks Helped by Inflation-Indexing Loans
------------------------------------------------------------------
Chilean banks' earnings continue to hold relatively steady despite
Chile's economic slowdown, says Fitch Ratings. Latest results are
being supported by inflation-indexed loans and other assets, as
well as moderate loan growth. Most Chilean banks' medium-and long-
term assets and liabilities are denominated in inflation-adjusted
pesos using the Chilean Unidad de Fomento (UF) conversion.

The August data release from Chile's banking regulator showed that
while operating income was up and net interest margins (NIM)
improved, consolidated net income fell 7.3% in the year ending
Aug. 31. Loan loss provisions rose by 16% versus the end of July,
but were down 2% from one year prior. The provision increase in
August is explained by local currency devaluation hurting
commercial borrowers, thus affecting commercial loan portfolios.

The sector continues to maintain a sound level of nonperforming
loans (NPLs), which improved to 2.02% of total gross loans at
August 2015 (versus 2.15% one year before and 2.03% in July 2015).
NPLs declined in most portfolios and remained stable in commercial
loans. The trend reflects the conservative credit risk appetite
from banks after important changes in the regulatory and operating
environment since 2011. Total loan loss reserves, including
additional reserves over the regulatory requirement, remain ample,
with coverage of 1.45x the total past-due loans over 90 days.

Through August 2015, the banking system's gross loans, excluding
lending by foreign subsidiaries, increased by 11.4% over the prior
one-year period, up from 10.4% at year-end 2014 and versus a
slightly lower level of 11.1% for the one-year period ending July
2015. Notable areas of impact within the overall system include
slower expansion in commercial and corporate loans (up 9.3% year
over year compared to 15.5% in July 2015), stable mortgage loans
(up 15.6% year over year), and consumer loan portfolio growth of
10.3% year over year.

Despite the current trends, Fitch expects that loan growth and
asset quality will likely show a weaker performance in fourth-
quarter 2015 and well into 2016, due to the economic slowdown,
higher expected unemployment and exchange rate volatility, all
factors that will likely result in a rise in credit costs. By
year-end 2015, Chile's GDP will have been held at an average real
growth of under 2% for two years. Moreover, the slow recovery is
expected to continue in 2016-2017.

Consolidated system results, excluding foreign subsidiaries,
reached CLP1.427 billion, a 7.3% decline from one year ago but a
solid 14.5% increase over July 2015. Fitch expects this trend to
continue for the last four months of 2015 and produce a
strengthening of net interest income, since annual inflation is
now projected to rise to 4.5% according to market consensus.
However, any improvements from better NIMs will likely be offset
by higher loan loss provisions.


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


DOMINICAN REP: Trucks Enter Haiti Early, Despite Ban on Products
----------------------------------------------------------------
Dominican Today reports that around 100 tractor trailers,
containers and flatbed trucks loaded with 23 products listed as
banned entered Haiti through the northwestern border crossing on
Oct. 1, which weren't confiscated by Haitian authorities.

However, SIN network reports that as the day wore on Haitian
inspectors started demanding official papers to allow the crossing
of trucks into Ouanaminthe, leading to a backup of vehicles at the
crossing, according to Dominican Today.

Meanwhile, the Dajabon Chamber of Commerce set a meeting between
Dominican and Haitian merchants to discuss Port-au-Prince's ban on
the entry of those products overland, which took effect Oct. 1,
the report notes.

In that regard, Giovanni Escoto, local head of the Dominican
truckers union (Fenatrado) said the Haitian government's final
decision will be disclosed in the meeting, the report relays.

"We have worked normally, but we are waiting to see what will
happen in the coming hours," the union leader said, quoted by
diariolibre.com, the report discloses.  Mr. Escoto said the
province's retailers also feel uncertainty over the measure, the
report notes.

It emerged that Haiti's authorities have decided to delay
enforcement of the measure for 21 days, the report says.

Among the Dominican products barred from entering Haiti by road
figure pasta, cooking oil, produce such as plantains, banana,
rice, plastics and building materials such as cement, rebar and
PVC tubes, the report relays.

The traditional binational market was slated to start as usual
from 8:00 a.m. to 5:30 p.m. Oct. 2, with hundreds of Dominican and
Haitian merchants expected to take part.


DOMINICAN REP: To Get US$50MM From World Bank to Boost Education
----------------------------------------------------------------
The World Bank Board of Directors approved US$50 million in
financing to support the Government of the Dominican Republic's
efforts to improve the quality of pre-university education through
a National Pact for Education.  The project aims to recruit and
train primary and secondary school teachers; assess student
learning in primary and secondary schools; evaluate early
childhood development services and help decentralize public school
management.

"This financing focuses on the Government's key priority to
provide opportunities for all Dominicans by ensuring quality
education" said Victor Sanchez Jaquez, Vice minister of Planning
under the Dominican Ministry of Education. "This is an important
effort to ensure that the skills learned in the classroom lay the
foundation for future workplace success".

According to the latest regional student assessment, on average 78
percent of third grade Dominican students did not achieve a basic
level of competence in reading, and 90 percent of students
performed below the basic math level. From 1989 to 2009, the
Dominican Republic was the Latin American country that invested
the least in public education.  The recent signing of the National
Education Pact made education one of the top priorities for the
Dominican society.

"By signing the National Pact for Education, the DR is not only
addressing a key bottleneck to boost inclusive and sustainable
growth in the country, but it is also setting an example for the
region by focusing on quality of education," said Sophie Sirtaine,
World Bank Country Director for the Caribbean.

To help improve student learning in pre-university education, the
Support to the National Education Pact project will:

a. Improve the quality of classroom instruction of primary and
   secondary teachers

b. Improve the student assessment system to track progress and
   support teacher training programs

c. Increase school readiness by improving the standards of Early
   Childhood Development Centers

d. Enhance the decentralization of public school management and
   promote community involvement in the education sector

The project will be implemented by the Ministry of Education
(MINERD) and financed under a US$50 million Investment Project
Financing over five years, with a 24.5 year maturity period and an
11-year grace period.


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


ECUADOR: Fitch Affirms 'B' LT FC Issuer Default Rating
------------------------------------------------------
Fitch Ratings has affirmed Ecuador's long-term foreign currency
Issuer Default Rating (IDR) at 'B'. The issue ratings on Ecuador's
senior unsecured foreign currency bonds are also affirmed at 'B'.
The Rating Outlook on the long-term IDR is Stable. The Country
Ceiling is affirmed at 'B' and the short-term foreign currency IDR
at 'B'.

KEY RATING DRIVERS

Ecuador's ratings are supported by its high per capita income,
improved governance and social indicators, moderate public debt
burden, favourable composition of public spending and increased
external financing sources. Nonetheless, high commodity
dependence, limited external liquidity, a weak business
environment and a poor debt repayment record constrain the
sovereign's credit profile.

The authorities' policy response to the decline in global oil
prices demonstrates their commitment to dollarization, a monetary
regime that has delivered macroeconomic and financial stability
since 2000. The expected stabilization of export receipts and
potential access to bond markets and official lending mitigate
external financing risks in 2015-2017.

Fitch expects the central government deficit to narrow to 4.4% of
GDP in 2015 and fiscal consolidation to continue in line with
available external financing in 2016-2017. The authorities
announced cuts of 24% (7.6% of GDP) to the 2015 expenditure budget
to accommodate an expected decline of 48% in oil revenue (4.7% of
GDP). The adjustment is proceeding through lower transfers to
state oil companies and local governments, a halt to new
infrastructure projects and savings on fuel subsidies.

Tightening financing impose fiscal restraint. Ecuador has
demonstrated international market access and secured multi-year
budget and project financing from China and multilaterals.
However, Ecuador presently has limited room to further increase
advancements from oil forward sales to China and Thailand. The
accumulation of arrears could also reduce the availability of
credit lines from private service providers in the oil industry.
While yields on global bond benchmarks have surged in the second
half of 2015 (2H15), the authorities have indicated that they will
use bilateral disbursements and deposits at the central bank to
repay its next USD650 million bond maturity in December 2015.

Ecuador's public debt doubled since 2009 and could approach 37% of
GDP by 2017, driven by moderate primary fiscal deficits and
decelerating growth. This level is well below the 'B' median of
51%, but is approaching the legal ceiling of 40% of GDP. The
sovereign's capacity to tolerate a higher debt burden is
constrained by its vulnerability to oil revenue shocks, exposure
to swings in external financing conditions and weak debt repayment
record.

Fitch has revised down Ecuador's growth forecast to 0.4% in 2015
and 1.4% in 2016-2017 to incorporate lower oil price assumptions
and the knock-on effects of the fiscal adjustment. Lower
investment, a strong U.S. dollar and the partial closure of the
Esmeraldas refinery for upgrading work have been the main drags on
output since 2014. Drying U.S. dollar liquidity, subdued consumer
confidence and receding oil production pose challenges to a faster
economic recovery. The government introduced incentives to the
mining investment regime and a new public-private partnerships law
to crowd in private investment, but these policies might only
yield benefits beyond 2017.

Ecuador's external solvency and liquidity indicators are
weakening. Fitch expects the country to become a moderate net
external debtor in 2015, driven by sovereign borrowing and a
reduction in the banks' net foreign asset position to boost
liquidity as deposits have declined. Import compression through
temporary tariff hikes could only partially offset an expected 6%
of GDP loss in oil exports in 2015. As a result, the current
account deficit could widen to 4% of GDP and international
reserves could fall to USD3 billion in 2015 from USD4 billion in
2014.

High commodity dependence represents a credit weakness, rendering
growth, fiscal and external accounts vulnerable to oil supply
shortages and terms of trade shocks. The government's broad
popular support and two-third legislative majority has facilitated
the implementation of the fiscal adjustment, but social discontent
is rising as the economic downturn intensifies and the country
gears up for the next general elections in February 2017.

RATING SENSITIVITIES

The Stable Outlook reflects Fitch's assessment that upside and
downside risks to the rating are currently balanced. The main
factors that individually, or collectively, could trigger a rating
action are:

Negative:

-- Financing constraints or failure to adjust external accounts
    in an environment of low oil prices;
-- Political or social unrest that aggravates Ecuador's economic
    weakness or limits the space for fiscal adjustment.
-- Policies that undermine the sustainability of the
    dollarization regime.

Positive:

-- Renewed growth momentum, for example driven by higher levels
    of investment in the oil sector, productivity-enhancing
    reforms and improvements in the business environment;

-- A longer track record of servicing external debt and
    implementing policy adjustments to preserve fiscal
    sustainability;

-- Improvements in the economy's external liquidity position
    relative to peers.

KEY ASSUMPTIONS

The ratings and outlook are sensitive to a number of assumptions:

-- The growth, fiscal and external forecasts assume that oil
    production could fall 5% from its present levels (548,000mbpd)
    in 2015-2016 due to investment cutbacks to state oil
    enterprises. Fitch's latest projections point to a recovery in
    oil Brent prices to USD60pb in 2016 and USD70pb in 2017;

-- Fitch assumes that the government of Ecuador will pay its
    USD650 million global bond maturity in Dec. 15, 2015.


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


DIGICEL GROUP: To Block Ads on Mobiles Unless it Gets Paid
----------------------------------------------------------
Caribbean360.com reports that Telecommunications company Digicel
Group Limited said it will start blocking Internet ads on
customers' mobile phones, particularly from big companies like
Facebook, Yahoo and Google, unless they get some of the ad
revenue.

The mobile operator, which accused the tech giants of taking
advantage of its network and keeping the money for themselves,
will introduce the new policy in Jamaica before rolling it out in
its other Caribbean markets in the coming months, according to
Caribbean360.com.

The report notes that Digicel Group announced the decision to
deploy ad control technology on its networks in a statement.

It said it would be working with Israeli start-up, Shine
Technologies, to block the display and video ads inserted by ad
networks in mobile browsers and apps, the report relays.

The report notes that the telecoms giant said the move would be a
win-win for the company and customers.

"With ads using up as much as 10 per cent of a customers' data
plan allowance, this move will allow customers to browse the
mobile web and apps without interruption from unwanted advertising
messages," the statement said, the report discloses.

"Digicel is looking to companies like Google, Yahoo and Facebook
to enter into revenue sharing agreements with it so that this
money in turn can be reinvested in network deployment and
ultimately the bridging of the digital divide.  Currently, these
companies do not pay to make use of the network and the services
they provide on it suck up bandwidth to make money for themselves
through advertising while putting no money in," the statement
added, Caribbean360.com discloses.

Chairman of Digicel Group Denis O'Brien was more direct in his
criticism of the big tech companies that he said was taking
advantage of mobile operators, the report notes.

"Companies like Google, Yahoo and Facebook talk a great game and
take a lot of credit when it comes to pushing the idea of
broadband for all, but they put no money in. Instead, they
unashamedly trade off the efforts and investments of network
operators like Digicel to make money for themselves," Mr. O'Brien
said, the report discloses.

"That's unacceptable and we, as a network operator, are taking a
stand against them to force them to put their hands in their
pockets and play a real role in improving the opportunities for
economic empowerment for the global population," Mr. O'Brien
added.

                       *     *     *

As reported in the Troubled Company Reporter-Latin America on
May 25, 2015, Fitch Ratings has affirmed the ratings of Digicel
Group Limited (DGL) and its subsidiaries Digicel Limited (DL) and
Digicel International Finance Limited (DIFL), collectively
referred to as 'Digicel' as follows.

DGL

  -- Long-term Issuer Default Rating (IDR) at 'B' with a Stable
     Outlook;

  -- USD 2.5 billion 8.25% senior subordinated notes due 2020 at
     'B-/RR5';

  -- USD 1 billion 7.125% senior unsecured notes due 2022 at 'B
     -/RR5'.

DL

  -- Long-term IDR at 'B' with a Stable Outlook;

  -- USD 250 million 7% senior notes due 2020 at 'B/RR4';

  -- USD 1.3 billion 6% senior notes due 2021 at 'B/RR4';

  -- USD 925 million 6.75% senior notes due 2023 at 'B/RR4';

DIFL

  -- Long-term IDR at 'B' with a Stable Outlook;

  -- Senior secured credit facility at 'B+/RR3'.


NATIONAL COMMERCIAL BANK: To Expand Business in Barbados
--------------------------------------------------------
RJR News reports that National Commercial Bank (NCB) says it has
applied to expand its wealth management business in Barbados.

The country's largest bank said its wealth management arm, NCB
Capital Markets, registered a Barbados subsidiary, according to
RJR News.

In a release to the Jamaica Stock Exchange, NCB said its Capital
Markets division has been registered by the Financial Services
Commission in Barbados to conduct business as securities company,
dealer, underwriter, and investment advisor, RJR News relays.

As reported in the Troubled Company Reporter-Latin America on
June 8, 2015, Standard & Poor's Ratings Services raised its long-
term issuer credit rating on National Commercial Bank Jamaica Ltd.
to 'B' from 'B-'.  S&P also affirmed its short-term 'B' issuer
credit rating on the bank.  The upgrade follows the same rating
action on the sovereign, which in turn reflects the country's
ability to meet its fiscal targets in the past two years, which
has led improved fiscal credibility and stabilized its debt
trajectory. NCBJ's 'b+' SACP remains unchanged.


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


ANNA'S LINENS: Hilco Streambank Okayed as IP Marketing Agent
------------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
authorized Anna's Linens, Inc., to employ Hilco IP Services, LLC,
doing business as Hilco Streambank, as intellectual property
marketing agent nunc pro tunc to July 23, 2015.

Hilco Streambank is expected to, among other things:

   (1) collect and secure all available information and date
concerning the intellectual property for sale, assignment, license
or other disposition; and

   (2) assist the Debtor in connection with the conduct of an
auction and the transfer of the intellectual property to the
acquirers who suffer the highest or otherwise best consideration
for the intellectual property.

Hilco Streambank has received no retainer or other payment from
the
Debtor.  Subject to Court approval, the Debtor and Hilco
Streambank have agreed that Hilco Streambank will be paid an
initial engagement fee in the amount of $100,000, and a
transaction fee in consideration for the services to be rendered
to the Debtor.

The transaction fee will be paid as:

   (1) there will be no transaction fee on the first $3,000,000 of
net proceeds;

   (2) 10% of the amount of aggregate net proceeds above
$3,000,000
up to $4,000,000; plus

   (3) 12.5% of the amount by which the aggregate net proceeds
exceed $4,000,000.

To the best of the Debtor's knowledge, Hilco Streambank is
"disinterested person" as that term is defined in Section 101(14)
of the Bankruptcy Court.

The Court order stated that the Debtor's employment of Hilco
Streambank as exclusive intellectual property marketing agent is
approved, except as modified in the order.  The indemnification
provisions set forth in the engagement letter under "Limitations
of Liability" are approved, subject during the pendency of the
proceeding to these:

   a. Hilco Streambank will not be entitled to indemnification,
contribution or reimbursement pursuant to the Engagement Letter
for services, unless such services and the indemnification,
contribution or reimbursement therefor are approved by the Court;

   b. the Debtor will have no obligation to indemnify Hilco
Streambank, or provide contribution or reimbursement to Hilco
Streambank, for any claim or expense that is either: (i)
judicially determined (the determination having become final) to
have arisen from Hilco Streambank's gross negligence, fraud,
willful misconduct, breach of fiduciary duty, if any, bad faith or
self-dealing; (ii) for a contractual dispute in which the Debtor
alleges the breach of Hilco Streambank's contractual obligations,
unless the Court determines that indemnification, contribution or
reimbursement would be permissible pursuant to In re United
Artists Theatre Co., 315 F.3d 217 (3d Cir. 2003); or (iii) settled
prior to a judicial determination as to the exclusions set forth
in clauses (i) and (ii) above, but determined by this Court, after
notice and a hearing, to be a claim or expense for which Hilco
Streambank should not receive indemnity, contribution or
reimbursement under the terms of the Engagement Letter as modified
by the order;

   c. if, before the earlier of (i) the entry of an order
confirming a chapter 11 plan in the Chapter 11 Case (that order
having become a final order no longer subject to appeal) and (ii)
the entry of an order closing the Chapter 11 case, Hilco
Streambank believes that it is entitled to the payment of any
amounts by the Debtor on account of the Debtor's indemnification,
contribution and reimbursement obligations under the Engagement
Letter (as modified by the order), including, without limitation,
the advancement of defense costs, Hilco Streambank must file an
application therefor in the Court, and the Debtor may not pay any
such amounts to Hilco Streambank before the entry of an order by
this Court approving the payment.  The subparagraph (c) is
intended only to specify the period of time under which the Court
shall have jurisdiction over any request for fees and expenses by
Hilco Streambank for indemnification, contribution or
reimbursement, and not a provision limiting the duration of the
Debtor's obligation to indemnify Hilco Streambank.  All parties in
interest will retain the right to object to any demand by Hilco
Streambank for indemnification, contribution or reimbursement.

   d. Any limitation on liability or any limitation on amounts to
be contributed by Hilco Streambank to the Engagement Letter under
the terms of the Engagement Letter will be eliminated.

On Aug. 24, John-Patrick M. Fritz, associate at the law firm of
Levene, Neale, Bender, Yoo & Brill L.L.P., as bankruptcy counsel
for the Debtor, submitted a declaration of non-opposition to the
application for the Debtor to employ Hilco.

                       About Anna's Linens

Anna's Linens is a specialty retailer offering home textiles,
furnishings and decor at attractive prices.  Headquartered in
Costa Mesa, California, operates a chain of 268 company owned
retail stores throughout 19 states in the United States (including
Puerto Rico and Washington, D.C.) generates over $300 million in
annual revenue and employs a workforce of over 2,500 associates.

Anna's Linens sought Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 15-13008) in Santa Ana, California, on June 14,
2015.

The case is assigned to Judge Theodor Albert.  The Debtor tapped
Levene, Neale, Bender, Yoo & Brill LLP as counsel.  The Debtor
estimated assets of $50 million to $100 million and debt of $100
million to $500 million.

The U.S. trustee overseeing the Chapter 11 case of Anna's Linens
Inc. appointed seven creditors to serve on the official committee
of unsecured creditors.  Pachulski Stang Ziehl & Jones LLP serves
as counsel for the Committee.


ANNA'S LINENS: Pachulski Stang Approved as Counsel to Panel
-----------------------------------------------------------
The U.S. Bankruptcy Court for the Central District of California
authorized the Official Committee of Unsecured Creditors in the
Chapter 11 case of Anna's Linens, Inc., to retain Pachulski Stang
Ziehl & Jones LLP as its counsel nunc pro tunc to June 25, 2015.

To the best of the Committee's knowledge, PSZJ is a "disinterested
person" as that term is defined in Section 101(14) of the
Bankruptcy Code.

On Aug. 3, Shirley S. Cho, Esq., at PSZJ submitted a declaration
of non-opposition to the application to retain PSZJ.

The firm can be reached at:

         Jeffrey N. Pomerantz, Esq.
         Ira D. Kharasch, Esq.
         Shirley S. Cho, Esq.
         PACHULSKI STANG ZIEHL & JONES LLP
         10100 Santa Monica Blvd., Suite 1300
         Los Angeles, CA 90067-4114
         Tel: (310) 277-6910
         Fax: 310/201-0760
         E-mail: jpomerantz@pszjlaw.com
                 ikharasch@pszjlaw.com
                 scho@pszjlaw.com

                       About Anna's Linens

Anna's Linens is a specialty retailer offering home textiles,
furnishings and decor at attractive prices.  Headquartered in
Costa Mesa, California, operates a chain of 268 company owned
retail stores throughout 19 states in the United States (including
Puerto Rico and Washington, D.C.) generates over $300 million in
annual revenue and employs a workforce of over 2,500 associates.

Anna's Linens sought Chapter 11 bankruptcy protection (Bankr. C.D.
Cal. Case No. 15-13008) in Santa Ana, California, on June 14,
2015.

The case is assigned to Judge Theodor Albert.  The Debtor tapped
Levene, Neale, Bender, Yoo & Brill LLP as counsel.  The Debtor
estimated assets of $50 million to $100 million and debt of $100
million to $500 million.

The U.S. trustee overseeing the Chapter 11 case of Anna's Linens
Inc. appointed seven creditors to serve on the official committee
of unsecured creditors.  Pachulski Stang Ziehl & Jones LLP serves
as counsel for the Committee.


PAGAN & PINTADO: Case Summary & 8 Largest Unsecured Creditors
-------------------------------------------------------------
Debtor: Pagan & Pintado Inc.
        Mendez Vigo 110 East
        Mayaguez, PR 00680

Case No.: 15-07415

Nature of Business: Health Care

Chapter 11 Petition Date: September 25, 2015

Court: United States Bankruptcy Court
       District of Puerto Rico (Ponce)

Debtor's Counsel: Armando Lamourt Rodriguez, Esq.
                  LAMOURT & RIOS LAW FIRM
                  PO BOX 236
                  Mayaguez, PR 00681-0236
                  Tel: (787) 632-6241
                  Email: alamourt@yahoo.com

Total Assets: $62,725

Total Liabilities: $143,474

The petition was signed by Samuel Vazquez Gonazalez, authorized
individual.

List of Debtor's eight Largest Unsecured Creditors:

   Entity                          Nature of Claim   Claim Amount
   ------                          ---------------   ------------
UMECO                                                   $54,612

INTERNAL REVENUE SERVICE                                $36,000

AXISCARE HEALTH LOGISTIC INC                            $13,696

DEPARTAMENTO DE TRABAJO Y RECURSOS HUMAN                $13,500

CARDINAL HEALTH PR                                      $12,941

CRIM                                                     $6,700

MUNICIPIO DE MAYAGUEZ                                    $4,300

THE JOINT COMMISSION                                     $1,725


PUERTO RICO: Advisory Board Backed by Leader of U.S. House Panel
----------------------------------------------------------------
Billy House at Bloomberg News reports that the chairman of a U.S.
House subcommittee that has balked at legislation that would let
some Puerto Rico government agencies seek bankruptcy said he's
instead pushing for the creation of a federal board to advise the
island on its finances.

Bloomberg News notes Representative Tom Marino, a Pennsylvania
Republican, said in an interview that the panel would be appointed
by Congress and the Obama administration.  He said it would
suggest how the territory could cut spending and take other steps
-- such as seeking an exemption from the minimum wage -- to put an
end to its chronic budget deficits and spur the economy, according
to Bloomberg News.  It wouldn't take direct control, Bloomberg
News notes.

"Strictly advisory," he said, Bloomberg News relays.  "This takes
it out of the hands of the passions of the people of Puerto Rico,"
he added.

Bloomberg News notes that Republican majorities in the House and
Senate have faced criticism from Democrats for showing little
urgency to aid Puerto Rico, which has been pushed to the brink by
$73 billion of debt.  Puerto Rico is pressing Congress to boost
the funding it receives from federal programs and allow its
publicly owned corporations, such as the power company, to file
for Chapter 9 bankruptcy protection, as U.S. cities can, Bloomberg
News discloses.

                       Escalating Crisis

Bloomberg News notes that the crisis has escalated since June,
when Governor Alejandro Garcia Padilla said the island can't
afford to pay its debts.  It defaulted on some bonds for the first
time in August and is planning to push for investors to accept
less than they're owed, Bloomberg News relays.  Without an influx
of funds, the government may run out of cash by the end of the
year, Bloomberg News says.

The report notes that Mr. Marino chairs the House Judiciary
Committee on Regulatory Reform, Commercial and Antitrust Law,
which held a February hearing on the bankruptcy bill.  The
legislation hasn't moved forward because of objections from some
Republicans.

U.S. Treasury Secretary Jacob J. Lew said in July that no federal
bailout is being considered, though the administration supports
the bankruptcy bill, Bloomberg News discloses.

                       Differing Proposals

Bloomberg News discloses that Mr. Marino's interest in a federal
advisory board comes after Senator Charles Grassley, an Iowa
Republican who chairs the Senate Judiciary Committee, suggested a
similar move during a hearing on the island's fiscal crisis.
Garcia Padilla has proposed his own version of a control board for
the island, with members that would be selected by the governor,
Bloomberg News relays.

Bloomberg News notes that Mr. Marino said the bankruptcy bill, if
considered at all, would have to be part of a broader program to
help Puerto Rico deal with its long-building financial strains.
Puerto Rico's debt has swelled as the government borrowed to cover
budget shortfalls amid a lackluster economy and an exodus of
residents to the U.S. mainland, Bloomberg News discloses.

Bloomberg News notes that Mr. Marino said an advisory board of
experts could help provide a path forward, and even offer some
proposed actions for Congress to take.  The details about how such
a board would operate have not been decided, Bloomberg News says.

"It has to be clear that bankruptcy is not the panacea here," he
said.  "It's taken a long time for Puerto Rico to get into this
debt, and it will take a long time to get out," he added.


SERES DE VIDA: Case Summary & 6 Largest Unsecured Creditors
-----------------------------------------------------------
Debtor: Seres De Vida Corp.
        3071 Ave Alejandrino
        PMB 115
        Guaynabo, PR 00969

Case No.: 15-07528

Chapter 11 Petition Date: September 29, 2015

Court: United States Bankruptcy Court
       District of Puerto Rico (Old San Juan)

Debtor's Counsel: Wigberto Lugo Mender, Esq.
                  LUGO MENDER GROUP LLC
                  Centro Internacional De Mercadeo
                  100 Carr 165 Suite 501
                  Guaynabo, PR 00968-8052
                  Tel: 787 707-0404
                  Email: wlugo@lugomender.com

Total Assets: $1.27 million

Total Liabilities: $1.08 million

The petition was signed by Irma Vazquez-Rodriguez, president.

A list of the Debtor's six largest unsecured creditors is
available for free at http://bankrupt.com/misc/prb15-07528.pdf


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


TRINIDAD & TOBAGO: Irregular Nat. Gas Supply Takes Toll on Estate
-----------------------------------------------------------------
Trinidad Express reports that Trinidad and Tobago, having
monetized natural gas -- the once-nuisance by-product -- to create
an enviable industrial estate and the largest liquefied natural
gas (LNG) plant in 1995, is running out of the now-more-favored
gas commodity, according to Trinidad Express.

The report notes that the reliable supply of natural gas has taken
a toll on the Point Lisas Industrial Estate.

From 2010 to 2014, eight energy companies based at the Point Lisas
Industrial Estate suffered combined losses of US$1,639,694,699.20
(or roughly $10 billion) because of an irregular natural gas
supply, the report relays.


=================
V E N E Z U E L A
=================


* VENEZUELA: Non-Petroleum Exports Hit $4.2 Billion
---------------------------------------------------
EFE News reports that Venezuela's non-petroleum exports total $4.2
billion so far this year, with the figure expected to rise on
year-end sales, the official AVN news agency reported.

"We're expecting a large amount of exports for the end of the
year, as is normal in terms of trade in any nation.  We believe
we're going to have very new (sic) export figures this year,"
Trade Minister Isabel Delgado said during a meeting with business
leaders, according to EFE News.

Non-petroleum exports cover products manufactured "by productive
units of the state," but also those produced by "small- and mid-
sized private industries" that sell cacao, flowers, medicines,
shrimp and chocolate, Mr. Delgado said, the report relates.

New macroeconomic statistics have not been released since former
Economy Minister Nelson Merentes told business leaders from 24
different industries on May 15, 2013, that the government had set
the "strategic goal" of creating "economic zones for exports," the
report discloses.

Venezuela's exports came in at $24.6 billion in the first quarter
of 2013, with non-petroleum exports totaling only about $800
million in the period, the report adds.


                            ***********


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
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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,
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202-362-8552.


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