TCRLA_Public/161011.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 11, 2016, Vol. 17, No. 201


                            Headlines



B R A Z I L

BROOKFIELD INCORPORACOES: Moody's Withdraws B3 CFR


C A Y M A N  I S L A N D S

A330 300: Shareholder to Hear Wind-Up Report on Oct. 28
CORRUM CAPITAL: Shareholders' Final Meeting Set for Nov. 11
FALCON OPHOLDCO: Shareholders' Final Meeting Set for Oct. 17
JUN 22 INC: Shareholders' Final Meeting Set for Oct. 24
LAMBOURN INVESTMENTS: Member to Hear Wind-Up Report on Oct. 31

NEVADA ASSET: Shareholder to Hear Wind-Up Report on Oct. 18
QUALITY PUMA: Shareholders' Final Meeting Set for Oct. 18
SOUTH DAKOTA: Shareholder to Hear Wind-Up Report on Oct. 18
STONE DRUM: Shareholders' Final Meeting Set for Oct. 19
SUMMIT OFFSHORE: Members' Final Meeting Set for Nov. 1

TGW CAPITAL: Shareholders' Final Meeting Set for Oct. 18
TGW GLOBAL: Shareholders' Final Meeting Set for Oct. 18
WYOMING ASSET: Shareholder to Hear Wind-Up Report on Oct. 18


D O M I N I C A N   R E P U B L I C

DOMINICAN REP: Pulls Fuel Subsidies, Unions Warn of Fare Hikes
DOMINICAN REPUBLIC: Gold Eases US$2.3BB Trade Deficit in Q1


J A M A I C A

JAMAICA: Prime Minister Urges DBJ to Strengthen its Capacity
NORANDA ALUMINUM: Enters Global Agreement With Lenders


M E X I C O

MAXCOM TELECOMUNICACIONES: Moody's Withdraws Ca CFR


P U E R T O    R I C O

CARIBBEAN TRANSPORT: Hires Otero Marrero as Accountant
CONDADO RESTAURANT: Needs Until Oct. 10 to Submit Chapter 11 Plan
HERNAN VELEZ JUAN: $100,000 Note to Pay Unsecureds in 5 Yrs.
HME HOLDINGS: Hires Conde & Associates as Bankruptcy Counsel
ISLANDWIDE LOGISTICS: Hires Conde & Associates as Attorney

PJ ROSALY: Hires Conde & Associates as Attorney
WILLIAM CONTRACTOR: Favorable Judgment on Complaint to Fund Plan


X X X X X X X X X

LATAM: Region Showing Signs of Economic Growth says World Bank


                            - - - - -


===========
B R A Z I L
===========


BROOKFIELD INCORPORACOES: Moody's Withdraws B3 CFR
--------------------------------------------------
Moody's America Latina Ltda. has withdrawn Brookfield
Incorporacoes S.A.'s B3/B2.br corporate family rating for business
reasons.

These ratings were withdrawn:

   -- Corporate Family Rating: B3/B2.br

                         RATINGS RATIONALE

Moody's has withdrawn the rating for its own business reasons.

Brookfield Incorporacoes S.A. (BISA) is indirectly and fully owned
by Brookfield Asset Management (BAM, Baa2 stable).  The company
results from the combination of Brascan, Company and MB
Engenharia, all strong brand names with over 25 years' experience
in the Brazilian homebuilding market.  BISA develops, builds, and
sells residential projects in virtually all price segments, as
well as office buildings.  In the twelve months that ended
June 30, 2016, BISA reported net revenues of BRL1.2 billion
(USD325 million) and net losses of BRL1.2 billion (USD325
million).

The last rating action on Brookfield Incorporacoes was taken on
May 10, 2016, when Moody's downgraded the company's NSR corporate
family ratings to B2.br from Ba2.br, outlook negative.


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


A330 300: Shareholder to Hear Wind-Up Report on Oct. 28
-------------------------------------------------------
The shareholder of A330 300 Aircraft 456 Limited will hear on
Oct. 28, 2016, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Intertrust SPV (Cayman) Limited
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9005
          Cayman Islands
          c/o Susan Craig/Jennifer Chailler
          Telephone: (345) 943-3100


CORRUM CAPITAL: Shareholders' Final Meeting Set for Nov. 11
-----------------------------------------------------------
The shareholders of Corrum Capital Equity (Offshore) Fund -
Select, Ltd. will hold their final meeting on Nov. 11, 2016, at
4:00 p.m., to receive the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          DMS Corporate Services Ltd.
          c/o Norman Chan
          Telephone: (345) 946 7665
          Facsimile: (345) 949 2877
          P.O. Box 1344 dms House
          20 Genesis Close George Town KY1-1108
          Cayman Islands


FALCON OPHOLDCO: Shareholders' Final Meeting Set for Oct. 17
------------------------------------------------------------
The shareholders of Falcon Opholdco Limited will hold their final
meeting on Oct. 17, 2016, 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:

          Stuart Sybersma
          c/o Marcin Czarnocki
          Deloitte & Touche
          Citrus Grove Building, 4th Floor
          Goring Avenue
          George Town KY1-1109
          Cayman Islands
          Telephone: +1 (345) 814 2228
          Facsimile: +1 (345) 949 8258


JUN 22 INC: Shareholders' Final Meeting Set for Oct. 24
-------------------------------------------------------
The shareholders of Jun 22 Inc. will hold their final meeting on
Oct. 24, 2016, at 9:00 a.m., to receive the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

           Amicorp Cayman Fiduciary Limited
           The Grand Pavilion Commercial Centre, 1st Floor
           802 West Bay Road
           P.O. Box 10655 Grand Cayman KY1-1006
           Cayman Islands
           Nicole Ebanks-Sloley
           Telephone: (345) 943-6055


LAMBOURN INVESTMENTS: Member to Hear Wind-Up Report on Oct. 31
--------------------------------------------------------------
The member of Lambourn Investments Ltd will hear on Oct. 31, 2016,
the liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Commerce Corporate Services Limited
          P.O. Box 694 Grand Cayman
          Cayman Islands
          Telephone: 949 8666
          Facsimile: 949 0626


NEVADA ASSET: Shareholder to Hear Wind-Up Report on Oct. 18
-----------------------------------------------------------
The shareholder of Nevada Asset Holding will hear on Oct. 18,
2016, at 10:00 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Elian Fiduciary Services (Cayman) Limited
          c/o Julie Hughes
          Telephone: +1 (345) 815 1426
          Facsimile: +1 (345) 945-6265


QUALITY PUMA: Shareholders' Final Meeting Set for Oct. 18
---------------------------------------------------------
The shareholders of Quality Puma Limited will hold their final
meeting on Oct. 18, 2016, at 9:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Richard Fear
          c/o Ryan Charles
          Telephone: (345) 814 7364
          Facsimile: (345) 945 3902
          P.O. Box 2681 Grand Cayman KY1-1111
          Cayman Islands


SOUTH DAKOTA: Shareholder to Hear Wind-Up Report on Oct. 18
-----------------------------------------------------------
The shareholder of South Dakota Asset Holding will hear on
Oct. 18, 2016, at 10:10 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Elian Fiduciary Services (Cayman) Limited
          c/o Julie Hughes
          Telephone: +1 (345) 815 1426
          Facsimile: +1 (345) 945-6265


STONE DRUM: Shareholders' Final Meeting Set for Oct. 19
-------------------------------------------------------
The shareholders of Stone Drum Pacific Opportunities Fund Inc.
will hold their final meeting on Oct. 19, 2016, 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:

          Walkers Liquidations Limited
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9001
          Cayman Islands
          Telephone: +44 (0)20 7220 4970


SUMMIT OFFSHORE: Members' Final Meeting Set for Nov. 1
------------------------------------------------------
The members of Summit Offshore Water Equity Fund, Ltd. will hold
their final meeting on Nov. 1, 2016, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidators are:

          Alan Turner
          Andrew Johnson
          Telephone: (345) 814 0700
          Circumference FS (Cayman) Ltd.
          P.O. Box 32322 Grand Cayman KY1-1209
          Cayman Islands


TGW CAPITAL: Shareholders' Final Meeting Set for Oct. 18
--------------------------------------------------------
The shareholders of TGW Capital will hold their final meeting on
Oct. 18, 2016, at 9:15 a.m., to receive the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Yau Sheung Kam
          Harneys Services (Cayman) Limited
          Harbour Place, 4th Floor
          103 South Church Street
          P.O. Box 10240 Grand Cayman KY1-1002
          Cayman Islands
          Telephone: +1 (214) 999-1000
          Facsimile: +1 (214)999-1022


TGW GLOBAL: Shareholders' Final Meeting Set for Oct. 18
-------------------------------------------------------
The shareholders of TGW Global Opportunity Fund will hold their
final meeting on Oct. 18, 2016, at 9:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Yau Sheung Kam
          Harneys Services (Cayman) Limited
          Harbour Place, 4th Floor
          103 South Church Street
          P.O. Box 10240 Grand Cayman KY1-1002
          Cayman Islands
          Telephone: +1 (214) 999-1000
          Facsimile: +1 (214)999-1022


WYOMING ASSET: Shareholder to Hear Wind-Up Report on Oct. 18
------------------------------------------------------------
The shareholder of Wyoming Asset Holding will hear on Oct. 18,
2016, at 10:20 a.m., the liquidator's report on the company's
wind-up proceedings and property disposal.

The company's liquidator is:

          Elian Fiduciary Services (Cayman) Limited
          c/o Julie Hughes
          Telephone: +1 (345) 815 1426
          Facsimile: +1 (345) 945-6265


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


DOMINICAN REP: Pulls Fuel Subsidies, Unions Warn of Fare Hikes
--------------------------------------------------------------
Dominican Today reports that the government has yet to allocate
last month's fuel subsidy to the associations which transport
passengers and freight, without any explanation, prompting
warnings from sector representatives that fares and rates could
rise.

The warnings came just hours after the head of the powerful bus
owners grouped in FENATRANO said the National Business Council
(CONEP) is "conspiring to break the order and social peace" in the
country, in reference to latter's seeking a conviction of the
transport sector on alleged monopoly, according to Dominican
Today.

The bus owners associations main leaders confirmed to outlet
eldia.com.do that since September 7, the Industry and Commerce
Ministry has withheld the allocation of the tax exemptions on 3.8
million gallons per month, the report notes.

"We have yet to receive any explanation thus far and second-class
officials remained entertaining us without giving information on
the situation," said Antonio Marte, head of the transport union
Conatra, the report relays.

Mr. Marte said Industry and Commerce minister Temistocles Montas
"hasn't shown his face" to offer an official explanation and Land
Transport Office (OTTT) director Hector Mojica doesn't take his
calls, the report notes.

"So far we have not officially informed about the suspension of
the subsidy, but since last month failed to deliver the
exonerations without giving any explanation," the report quoted
Mr. Marte as saying.

Mr. Marte said the situation has forced transporters to raise
passengers fares and cargo rates, the report notes.

"Unfortunately, the poor will pay the consequences, because we
can't, because we transport 96% of the passengers in the country,
the remaining 4% is done by the OMSA (public bus system," Mr.
Marte added, the report relates.

As reported in the Troubled Company Reporter-Latin America on
July 1, 2016, Moody's Investors Service has changed the outlook on
the Dominican Republic's long term issuer and debt ratings to
positive from stable. The ratings have been affirmed at B1.


DOMINICAN REPUBLIC: Gold Eases US$2.3BB Trade Deficit in Q1
-----------------------------------------------------------
Dominican Today reports that Dominican Republic's perennial trade
deficit was US$2.3 billion in the first quarter, or US$134 million
higher than the same period last year.

According to the International Trade Barometer (BCI), the climb
results from a slight increase in imports (2.5%) compared to a --
1.5% fall in exports, Dominican Today notes.

The exports of goods topped US$1.96 billion in that period, an
increase of 0.48% compared with October to December 2015, and a --
1.5% decline compared with the January-March quarter that year,
the report relays.

Imports surpassed US$4.25 billion, or 2.5% higher than the same
quarter last year, the report notes.

US, Canada and Haiti continue as Dominican Republic's main export
destinations, at 52.6%, 12.6% and 10.5%, respectively, according
to Dominican Today.

The report discloses that the country's massive gold exports to
Canada, or 67.9% of total, place that country in the top group.

Gold accounted for 17.7% of total exports, followed by medical
instruments (10.2%) and cigars (7.0%), the report notes.

Gold, medical instruments, cigars and circuit breakers are the
products which cushion Dominican Republic's trade deficit, and a
favorable balance with Canada, Haiti, Switzerland, the Netherlands
and Cuba, the report adds.

As reported in the Troubled Company Reporter-Latin America on
July 1, 2016, Moody's Investors Service has changed the outlook on
the Dominican Republic's long term issuer and debt ratings to
positive from stable. The ratings have been affirmed at B1.



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


JAMAICA: Prime Minister Urges DBJ to Strengthen its Capacity
------------------------------------------------------------
RJR News reports that Prime Minister Andrew Holness has encouraged
the Development Bank of Jamaica to strengthen its capacity to
manage risks as it places greater focus on projects geared at
development.

Minister Holness said a shift has to take place in how the country
deals with risks, according to RJR News.

Minister Holness also called for the DBJ to speed up the way it
divests assets to the private sector, in line with the
Government's push for greater public-private partnerships, the
report relays

During a retreat with DBJ officials last week, he said the Bank
must also play a critical role in ensuring that there is
collaboration between local and foreign investors, so that
Jamaicans can have some ownership in large enterprises which
invest locally, the report notes.

As reported in the Troubled Company Reporter-Latin America on
Sept. 28, 2016, S&P Global Ratings affirmed its 'B' long-term and
short-term foreign and local currency sovereign credit ratings on
Jamaica.  The outlook on the long-term sovereign credit ratings
remains stable.  In addition, S&P affirmed its transfer and
convertibility assessment at 'B+'.


NORANDA ALUMINUM: Enters Global Agreement With Lenders
------------------------------------------------------
RJR News reports that US-based Noranda Aluminum which is selling
its Jamaican operations and other assets overseas has entered into
a global settlement agreement with its secured lenders.

Under the deal, announced on Friday, Oct. 7, an agreement was also
reached with the Unsecured Creditors Committee that governs the
handling of Noranda's remaining obligations and assets, according
to RJR News.

The global settlement agreement remains subject to court approval
at a hearing scheduled for October 28, the report notes.

Noranda also announced that it has entered into an asset purchase
agreement with US based New Day Aluminum, the report relays.

New Day Aluminium will serve as the 'stalking horse' bidder in a
court-supervised sale for Noranda's bauxite mining operation in
St. Ann and its alumina refinery in Gramercy, Louisiana, the
report says.

A stalking-horse bid is an initial bid on a bankrupt company's
assets from an interested buyer chosen by the bankrupt company,
the report notes.

From a pool of bidders, the bankrupt company chooses the stalking
horse to make the first bid, the report relays.

This allows the distressed company to avoid low bids on its
assets, the report notes.

                     About Noranda Aluminum

Noranda Aluminum, Inc., and 10 of its affiliates filed separate
Chapter 11 bankruptcy petitions (Bankr. E.D. Mo. Lead Case No.
16-10083) on Feb. 8, 2016.  The petitions were signed by Dale W.
Boyles, the chief financial officer.  Judge Barry S. Schermer is
assigned to the cases.

The Debtors have engaged Paul, Weiss, Rifkind, Wharton & Garrison
LLP as counsel, Carmody MacDonald P.C. as local counsel, PJT
Partners, LP as investment banker, Alvarez & Marsal North America,
LLC as restructuring advisors and Prime Clerk LLC as claims,
solicitation and balloting agent.

The Debtors estimated both assets and liabilities in the range of
$1 billion to $10 billion.  As of the Petition Date, the Debtors
had approximately $529.6 million in outstanding principal amount
of secured indebtedness, consisting of a revolving credit facility
and a term loan facility.

The Office of the U.S. Trustee in February 2016 appointed seven
creditors of Noranda Aluminum Holding Corp. and its affiliated
debtors to serve on the official committee of unsecured creditors.
Lowenstein Sandler LLP serves as Committee counsel and Houlihan
Lokey Capital, Inc., serves as Committee as financial advisor and
investment banker.


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


MAXCOM TELECOMUNICACIONES: Moody's Withdraws Ca CFR
---------------------------------------------------
Moody's Investors Service has withdrawn for business reasons
Maxcom's Ca corporate family rating (CFR) and senior secured
rating on its USD 175 million notes due 2020.

RATINGS RATIONALE

Moody's has withdrawn the rating for its own business reasons.

The following ratings were withdrawn:

   -- Maxcom Telecomunicaciones, S.A.B. de C.V. Corporate Family
      Rating: Ca

   -- Senior Secured Global Notes due 2020: Ca

Prior to the withdrawal the outlook on the ratings was negative.


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


CARIBBEAN TRANSPORT: Hires Otero Marrero as Accountant
------------------------------------------------------
Caribbean Transport Refrigeration & Power Systems, Inc., seeks
authority from the U.S. Bankruptcy Court for the District of
Puerto Rico to employ Jesus A. Otero Marrero as accountant to the
Debtor.

Caribbean Transport requires Mr. Marrero to:

   a. prepare Monthly Operating Reports as required for the
      Chapter 11 case;

   b. prepare supporting documents in relation to the Disclosure
      Statement and Plan of Reorganization in coordination with
      the attorneys;

   c. prepare claims analysis and prepare Disbursement Schedules;

   d. prepare supporting documents to request entry of order for
      a final decree; and

   e. provide ordinary bookkeeping, preparation of Income Tax
      Returns; 940 and 941 Federal Tax Returns; State Insurance
      Fund Reports and Returns, Employment Withholding Tax
      Returns; Department of Labor Returns, and Municipal Tax
      Returns; and Other Tax Returns, amendments, or reviews that
      may become due from time to time.

Mr. Marrero will be paid at these hourly rates:

     Monthly Operating Reports                       $100

     Preparation of Supporting Documents
     in relation to the Disclosure Statement
     and Plan of Reorganization
     in coordination with the attorneys              $100

     Claims Analysis and preparation of
     Disbursement Schedules                          $100

     Preparation of Supporting Documents
     to request entry of order for a final decree    $100

Mr. Marrero will be paid at the mothly rate of $725 for the
ordinary bookkeeping, preparation of Income Tax Returns; 940 and
941 Federal Tax Returns; State Insurance Fund Reports and Returns,
Employment Withholding Tax Returns; Department of Labor Returns,
and Municipal Tax Returns; and Other Tax Returns, amendments, or
reviews that may become due from time to time.

Mr. Marrero will be paid a retainer in the amount of $7,000.

Mr. Marrero will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Jesus A. Otero Marrero assured the Court that the firm is a
"disinterested person" as the term is defined in Section 101(14)
of the Bankruptcy Code and does not represent any interest adverse
to the Debtor and its estates.

Mr. Marrero can be reached at:

     Jesus A. Otero Marrero
     A 2 Flamingo Terrace Marginal Avenue
     Bayamon, PR 00957
     Tel: (787) 730-7890
     Fax: (787) 300-1094

                 About Caribbean Transport

Caribbean Transport Refrigeration & Power Systems Inc., based in
Morovis, PR, filed a Chapter 11 petition (Bankr. D.P.R. Case No.
16-06766) on August 25, 2016. Teresa M. Lube Capo, Esq., at Lube &
Soto Law Offices, PSC, serves as bankruptcy counsel.

In its petition, the Debtor estimated $0 to $50,000 in assets and
$1 million to $10 million in liabilities. The petition was signed
by Isidro Ojeda, president.

No official committee of unsecured creditors has been appointed in
the case.


CONDADO RESTAURANT: Needs Until Oct. 10 to Submit Chapter 11 Plan
-----------------------------------------------------------------
Condado Restaurant Group, Inc. and Restaurant Associates of Puerto
Rico, Inc. ask the U.S. Bankruptcy Court for the District of
Puerto Rico to extend their exclusivity period for submitting a
disclosure statement and plan of reorganization to October 10,
2016, and their period for soliciting acceptances to their plan to
December 9, 2016.

The Debtors relate that the extension is necessary for they still
need to finalize certain prerequisites to their promulgation of a
feasible plan of reorganization since there are some calculations
that are still being worked on by the Debtors' financial team,
including the priority tax claims (to which the Debtors intend to
file objections).

The Debtors also relate that they have lost valuable time due to
the power black out that hit the island on September 21, 2016,
which affected the Debtors' counsels' and the financial
consultants' offices and homes.

In addition, the Debtors' counsel Javier A. Vega-Villalba recently
had extensive oral surgery, which affected him more than expected,
and will keep him out of commission for at least a few more days.

                  About Condado Restaurant Group, Inc.

Condado Restaurant Group, Inc. and Restaurant Associates of Puerto
Rico filed for Chapter 11 bankruptcy protection (Bankr. D. P.R.
Case Nos. 16-01329 and 16-01330) on February 24, 2016.  The
petitions were signed by Dayn Smith, president.  The Debtors'
cases were consolidated on May 12, 2016 in lead Case No. 16-01329.

The Debtors are represented by Javier A. Vega Villalba, Esq., at
Weinstein Bacal & Miller, PSC.  The Debtor hired Acosta & Ramirez
as financial consultant.

Condado Restaurant Group, Inc. estimated assets and liabilities at
between $1 million and $10 million.  Restaurant Associates of
Puerto Rico, Inc. estimated assets at $100,000 to $500,000 and
liabilities at $1 million to $10 million.


HERNAN VELEZ JUAN: $100,000 Note to Pay Unsecureds in 5 Yrs.
------------------------------------------------------------
Hernan Velez Juan filed with the U.S. Bankruptcy Court for the
District of Puerto Rico an Amended Disclosure Statement in support
of his Amended Plan of Reorganization, which proposes $100,000
promissory note to provide for the pro rata payment of allowed
general unsecured claims during a five-year period.

Mr. Velez has been practicing as an orthodontist for over 30
years.

The main event that contributed to the Debtor's bankruptcy filing
was his outstanding debts with the Internal Revenue Service (IRS)
and the PR Department of Treasury.  Moreover, Mr. Velez is
involved in a long-standing arbitrage proceeding with his former
business partner, and a mortgage foreclosure lawsuit on his
residential real property has been filed by his principal secured
creditor.

The Amended Plan proposes to fix the IRS Claim's secured amount
for $101,198.  The remaining amount of $431,395 will be considered
a general unsecured claim.

For the First Mortage Note on the Debtor's residence, the Amended
Plan proposed to pay a reduced secured amount of $550,000 plus a
fixed interest rate of 3.5%, to be paid in installments for 360
months.

A copy of the Amended Disclosure Statement dated Sept. 30, 2016 is
available at http://bankrupt.com/misc/prb15-07225-109.pdf

The Debtor is represented by:

         Wigberto Lugo Mender
         Lugo Mender Group, LLC
         100 Carr. 165 Suite 501
         Guaynabo, P.R.
         Tel: (787) 707-0404
         Fax: (787) 707-0412
         E-mail: wlugo@lugomender.com

Hernan Velez Juan filed a Chapter 11 bankruptcy petition (Bankr.
D.P.R. Case No. 15-07225) on Sept. 18, 2015.  Lugo Mender Group
LLC serves as counsel to the Debtor.  Albert Tamarez- Vasquez CPA
was tapped as the Debtor's accountant.


HME HOLDINGS: Hires Conde & Associates as Bankruptcy Counsel
------------------------------------------------------------
HME Holdings, Inc., seeks authority from the U.S. Bankruptcy Court
for the District of Puerto Rico to employ the Law Offices of C.
Conde & Associates as attorney to the Debtor.

HME Holdings requires Conde & Associates to:

   a. advise the Debtor with respect to its duties, powers and
      responsibilities in the case under the laws of the U.S. and
      Puerto Rico in which the Debtor in possession conducts its
      operations, do business, or is involved in litigation;

   b. advise the Debtor in connection with a determination
      whether a reorganization is feasible and, if not, helping
      the Debtor in the orderly liquidation of its assets;

   c. assist the Debtor with respect to negotiations with
      creditors for the purpose of arranging the orderly
      liquidation of assets and for proposing a viable plan of
      reorganization;

   d. prepare on behalf of the Debtor the necessary complaints,
      answers, orders, reports, memoranda of law and any other
      legal papers or documents;

   e. appear before the Bankruptcy Court, or any court in which
      Debtor asserts a claim interest or defense directly or
      indirectly related to the bankruptcy case;

   f. perform other legal services for the Debtor as may be
      required in the proceedings or in connection with the
      operation and involvement with Debtor's business, including
      but not limited to notarial services;

   g. employ other professional services, if necessary.

Conde & Associates will be paid at these hourly rates:

     Carmen D. Conde Torres         $300
     Associates                     $275
     Junior Attorney                $250
     Paralegal                      $150

Conde & Associates will be paid a retainer in the amount of
$10,000.

Conde & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Carmen D. Conde Torres, member of the Law Offices of C. Conde &
Associates, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy
Code and does not represent any interest adverse to the Debtor and
its estates.

Conde & Associates can be reached at:

     Carmen D. Conde Torres, Esq.
     LAW OFFICES OF C. CONDE & ASSOCIATES
     254 San Jose Street, 5th Floor
     Old San Juan, PR 00901-1523
     Tel: (787) 729-2900
     Fax: (787) 729-2203
     E-mail: condecarmen@condelaw.com

                  About HME Holdings, Inc.

HME Holdings, Inc. filed a chapter 11 petition (Bankr. D.P.R. Case
No. 16-07686) on September 28, 2016. The petition was signed by
Ivan Marin, authorized representative. The Debtor is represented
by Carmen D. Conde Torres, Esq. and Luisa S. Valle Castro, Esq.,
at C. Conde & Associates. The Debtor estimated assets at $100,000
to $500,000 and liabilities at $1 million to $10 million at the
time of the filing.

The Debtor provides management services for its two related
parties: Islandwide Logistics, Inc. and P.J. Rosaly Enterprises,
Inc. It runs the human resources, business development,
information and technology, finance and accounting departments for
both P.J. Rosay Enterprises and Islandwide Logistics. Together,
the three entities form the Islandwide Group.

No official committee of unsecured creditors has been appointed in
the case.


ISLANDWIDE LOGISTICS: Hires Conde & Associates as Attorney
----------------------------------------------------------
Islandwide Logistics, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ the Law
Offices of C. Conde & Associates as attorney to the Debtor.

Islandwide Logistics requires Conde & Associates to:

   a. advise the Debtor with respect to its duties, powers and
      responsibilities in the case under the laws of the U.S. and
      Puerto Rico in which the Debtor in possession conducts its
      operations, do business, or is involved in litigation;

   b. advise the Debtor in connection with a determination
      whether a reorganization is feasible and, if not, helping
      the Debtor in the orderly liquidation of its assets;

   c. assist the Debtor with respect to negotiations with
      creditors for the purpose of arranging the orderly
      liquidation of assets and for proposing a viable plan of
      reorganization;

   d. prepare on behalf of the Debtor the necessary complaints,
      answers, orders, reports, memoranda of law and any other
      legal papers or documents;

   e. appear before the Bankruptcy Court, or any court in which
      Debtor asserts a claim interest or defense directly or
      indirectly related to the bankruptcy case;

   f. perform other legal services for the Debtor as may be
      required in the proceedings or in connection with the
      operation and involvement with Debtor's business, including
      but not limited to notarial services;

   g. employ other professional services, if necessary.

Conde & Associates will be paid at these hourly rates:

     Carmen D. Conde Torres         $300
     Associates                     $275
     Junior Attorney                $250
     Paralegal                      $150

Conde & Associates will be paid a retainer in the amount of
$25,000.

Conde & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Carmen D. Conde Torres, member of the Law Offices of C. Conde &
Associates, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code and does not represent any interest adverse to the
Debtor and its estates.

Conde & Associates can be reached at:

     Carmen D. Conde Torres, Esq.
     LAW OFFICES OF C. CONDE & ASSOCIATES
     254 San Jose Street, 5th Floor
     Old San Juan, PR 00901-1523
     Tel: (787) 729-2900
     Fax: (787) 729-2203
     E-mail: condecarmen@condelaw.com

                 About Islandwide Logistics

Islandwide Logistics, Inc. filed a chapter 11 petition (Bankr.
D.P.R. Case No. 16-07693) on September 28, 2016. The petition was
signed by Ivan Marin, president. The Debtor is represented by
Carmen D. Conde Torres, Esq. and Luisa S. Valle Castro, Esq., at
C. Conde & Associates. The Debtor estimated assets and liabilities
at $1 million to $10 million at the time of the filing.

The Debtor operates over 300,000 square feet of warehouse space
dedicated to providing its clients with inventory management that
includes full inventory systems integration, electronic order
processing, RF capability and retail time sensitive delivery
service. Logistics' distribution center is designed to ensure the
uninterrupted flow of the supply-chain RF Capable Warehouses.
There are two related parties to this company: P.J. Rosaly
Enterprises and HME Holdings, Inc.

No official committee of unsecured creditors has been appointed in
the case.


PJ ROSALY: Hires Conde & Associates as Attorney
-----------------------------------------------
P.J. Rosaly Enterprises, Inc., seeks authority from the U.S.
Bankruptcy Court for the District of Puerto Rico to employ the Law
Offices of C. Conde & Associates as attorney to the Debtor.

P.J. Rosaly requires Conde & Associates to:

   a. advise the Debtor with respect to its duties, powers and
      responsibilities in the case under the laws of the U.S. and
      Puerto Rico in which the Debtor in possession conducts its
      operations, do business, or is involved in litigation;

   b. advise the Debtor in connection with a determination
      whether a reorganization is feasible and, if not, helping
      the Debtor in the orderly liquidation of its assets;

   c. assist the Debtor with respect to negotiations with
      creditors for the purpose of arranging the orderly
      liquidation of assets and for proposing a viable plan of
      reorganization;

   d. prepare on behalf of the Debtor the necessary complaints,
      answers, orders, reports, memoranda of law and any other
      legal papers or documents;

   e. appear before the Bankruptcy Court, or any court in which
      Debtor asserts a claim interest or defense directly or
      indirectly related to the bankruptcy case;

   f. perform such other legal services for the Debtor as may be
      required in the proceedings or in connection with the
      operation and involvement with Debtor's business, including
      but not limited to notarial services;

   g. employ other professional services, if necessary.

Conde & Associates will be paid at these hourly rates:

     Carmen D. Conde Torres         $300
     Associates                     $275
     Junior Attorney                $250
     Paralegal                      $150

Conde & Associates will be paid a retainer in the amount of
$30,000.

Conde & Associates will also be reimbursed for reasonable
out-of-pocket expenses incurred.

Carmen D. Conde Torres, member of the Law Offices of C. Conde &
Associates, assured the Court that the firm is a "disinterested
person" as the term is defined in Section 101(14) of the
Bankruptcy Code and does not represent any interest adverse to the
Debtor and its estates.

Conde & Associates can be reached at:

     Carmen D. Conde Torres, Esq.
     LAW OFFICES OF C. CONDE & ASSOCIATES
     254 San Jose Street, 5th Floor
     Old San Juan, PR 00901-1523
     Tel: (787) 729-2900
     Fax: (787) 729-2203
     E-mail: condecarmen@condelaw.com

                    About P.J. Rosaly

P.J. Rosaly Enterprises, Inc. dba Islandwide Express filed a
chapter 11 petition (Bankr. D.P.R. Case No. 16-07690) on September
28, 2016. The petition was signed by Ivan Marin, president. The
Debtor is represented by Carmen D. Conde Torres, Esq. and Luisa S.
Valle Castro, Esq., at C. Conde & Associates. The Debtor estimated
assets and liabilities at $1 million to $10 million at the time
ofthe filing.

The Debtor is specialized in providing next day, same day delivery
services to its clients, as well as temperature controlled
deliveries. It is also engaged by the main banks in the island and
provide internal messenger and clearing house services to these
institutions. There are two related parties to this company:
Islandwide Logistics, Inc. and HME Holdings, Inc. Together, they
form the Islandwide Group.


WILLIAM CONTRACTOR: Favorable Judgment on Complaint to Fund Plan
----------------------------------------------------------------
William Contractor Inc. filed with the U.S. Bankruptcy Court for
the District of Puerto Rico a Disclosure Statement and Plan of
Payment, proposing to pay allowed general unsecured claims for
contractors and other constructions loans on a pro rata basis from
the carve-out to be agreed with the secured creditor or as agreed
with the claimant.  These claims are estimated to sum up to
$784,919.

The Debtor is in the construction business.  The Debtor was
contracted in 2007 by MPR, owner of Plaza del Mar shopping mall,
to complete an $8 million project.  The Debtor alleged that Banco
Popular de Puerto Rico (BPPR), MPR or MPR shareholders never paid
it the remaining amounts of work already certified for $4.8
million.  BPPR financed the project at the time of the contract,
according to the Debtor.  The Debtor has since filed an adversary
proceeding on the matter.

The Debtor is hopeful that a favorable judgment on the adversary
will give it the possibility of paying all its debts.

A copy of the Disclosure Statement is available at:

         http://bankrupt.com/misc/prb15-06311-97.pdf

                  About William Contractor

Headquartered in Aguada, Puerto Rico, William Contractor Inc.
filed for Chapter 11 bankruptcy protection (Bankr. D.P.R. Case
No. 15-06311) on Aug. 18, 2015, listing $6.38 million in total
assets and $2.56 million in total liabilities.  The petition was
signed by Lymari Benique Moralez, vice president - secretary.

Damaris Quinones Vargas, Esq., at Bufete Quinones Vargas & Asoc
serves as the Debtor's bankruptcy counsel.


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


LATAM: Region Showing Signs of Economic Growth says World Bank
--------------------------------------------------------------
RJR News reports that the World Bank said Caribbean and Latin
American countries are showing signs of economic recovery and an
increased volume of exports, including new products in higher
quality niches.

According to the new semi-annual World Bank report on Latin
America and the Caribbean, while the region is expected to record
economic contraction of 1.1 percent this year it will recover to
1.8 percent in 2017, the report notes.

It said the recovery is attributed largely to a rebound in South
America, where growth is expected to reach 1.5 percent next year,
the report relays.

The World Bank report notes that in the new reality of lower
commodity prices, the region can no longer depend on domestic
demand to boost growth, 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 2016.  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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