TCRLA_Public/161026.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

            Wednesday, October 26, 2016, Vol. 17, No. 212


                            Headlines



B R A Z I L

BRAZIL: Pres Urges Congress to Pass Bill to Boost Oil Industry
COSAN LTD: S&P Affirms 'BB' CCR, Outlook Remains Negative


C A Y M A N  I S L A N D S

FUYU (CAYMAN): Members' Final Meeting Set for Nov. 2
GSJ LTD: Shareholders' Final Meeting Set for Nov. 14
INDONESIA GREEN: Members' Final Meeting Set for Nov. 30
INTERTANK (OVERSEAS): Shareholders' Final Meeting Set for Nov. 10
MAINSTREET HEALTH: Shareholders' Final Meeting Set for Nov. 1

PANION & BF: Shareholders' Final Meeting Set for Nov. 3
SAKA CAPITAL: Shareholders' Final Meeting Set for Nov. 15
SAKA CAPITAL FOCUS: Shareholders' Final Meeting Set for Nov. 15


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Power Firm Hail Push to Halt Fuel Trafficking


P U E R T O    R I C O

AEROPOSTALE INC: Taps Development Specialist to Provide CRO
CARIBBEAN CREAMERY: Disclosures Okayed, Plan Hearing on Nov. 15
DESARROLLADORA LCP: Dec. 14 Plan Confirmation Hearing Set
FUNDACION HISPANOAMERICANA: Hires Lozada Law as Attorney
GAMALIER GONZALEZ: Plan Confirmation Hearing Set for Nov. 16

MOTEL TROPICAL: Hires Charneco as Accountant
PUERTO RICO: Oversight Board Wants Lawsuits to Remain Frozen


T R I N I D A D  &  T O B A G O

PETROTRIN: Beset With Workers' Strike Action


                            - - - - -


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


BRAZIL: Pres Urges Congress to Pass Bill to Boost Oil Industry
--------------------------------------------------------------
EFE News reports that President Michel Temer urged Congress to
approve a bill that would ease oil industry regulation and strip
state-controlled oil giant Petrobras of some of its privileges in
Brazil's most promising oil fields.

The proposed regulatory framework would "create new jobs" and
"provide a new boost to investment in the sector," Mr. Temer said
in an address at the opening of the Rio Oil and Gas conference,
according to EFE News.

The changes in oil regulations that are being demanded by the
domestic industry and foreign investors have been approved by the
Senate, but the lower house of Congress has only given partial
approval, the report notes.

The report relays that lawmakers in the lower house are expected
to vote on four amendments to the bill, the last step before it
lands on Temer's desk for his signature, making it a law.

The new regulations would end Petrobras's right to be the sole
operator for exploration and production projects in the pre-salt
reserves, which are off southeastern Brazil and considered one of
the largest oil finds in recent decades, the report relays.

The bill, however, allows Petrobras to decide whether or not to
serve as operator of a field and keeps in place the production-
sharing system, the report says.

Petrobras Chief Executive Officer Pedro Parente, meanwhile, said
the energy giant was in a "recovery phase," thanks to the
restructuring plan implemented in response to the plunge in oil
prices and a $353 million settlement with investment funds that
took legal action over the corruption scandal at the company, the
report relays.

"The financial and administrative problems are being overcome
little by little," Mr. Parente said at the conference,
acknowledging that 'the most difficult phase' in implementing the
restructuring plan 'starts now' with the launch of new projects,
the report relays.

Petrobras still faces 23 other lawsuits in federal court in New
York over the corruption scandal, executives said, the report
notes.

The oil company's business plan, which was unveiled last month,
calls for cutting investment by 25 percent and selling $19.5
billion in assets to shore up the balance sheet in the wake of the
drop in crude prices and the corruption scandal, the report adds.

As reported in the Troubled Company Reporter-Latin America on
March 29, 2016, severe contraction that was preceded by several
years of below-trend growth has impaired Brazil's (Ba2, negative)
underlying economic strength, despite the country's large and
diversified economy, says Moody's Investors Service.  The
country's credit rating is also coming under pressure from the
government's high level of mandatory spending.


COSAN LTD: S&P Affirms 'BB' CCR, Outlook Remains Negative
---------------------------------------------------------
S&P Global Ratings affirmed its 'BB' corporate credit ratings on
Cosan Ltd. (CZZ), Cosan S.A. Industria e Comercio (Cosan S.A.),
and Cosan Lubrificantes e Especialidades S.A.  The outlook on all
companies remains negative.  At the same time, S&P affirmed the
issue-level rating on the unsecured notes that Cosan S.A.
guarantees with a recovery rating of '3', which reflects S&P's
expectations of meaningful recovery (50%-70%; the higher band of
the range) in the event of payment default.

S&P's ratings on CZZ reflect its solid business position and the
resilient cash flow generation of its main subsidiaries, which
allows for the maintenance of an adequate liquidity even amid the
company's heavy investment cycle.  Despite the strong and
predictable cash flow at Cosan S.A., its logistics business --
Rumo -- still has a heavy capital structure and a somewhat short-
term debt amortization profile, whose improvement would depend on
the completion of an aggressive investment plan (around
R$8.5 billion for the next five years) that should boost the
company's operating efficiency and EBITDA margin to 50% by 2020,
from 45% currently.

After the regulatory approval of Radar's sale, Cosan S.A.'s credit
quality will rely more on that of its gas distributor, Comgas,
given that the latter's cash flows should represent around 55% of
the company's total. (The second largest EBITDA contributor should
be Raizen through its dividend flow).  The state of Sao Paulo's
regulatory framework, in which Comgas operates, guarantees
recovery of all non-manageable costs incurred and provides the
tariff adjustment mechanism. These factors, along with Comgas'
operating efficiency, provide stability to its profitability.
Raizen's global leading position on sugar and ethanol production,
combined with favorable fundamentals for both industries, supports
Cosan S.A.'s healthy credit quality, given the higher expected
dividends for the upcoming years.

Although S&P understands that Cosan S.A. has a less leveraged
financial profile than CZZ's, its ratings mirror those on the
latter. CZZ fully controls Cosan S.A., which generates about 50%
of CZZ's EBITDA.  S&P deems Cosan S.A. as highly unlikely to be
sold, with integral links to the Cosan group's reputation and
name.  As a result, the ratings on Cosan S.A. are also capped at
CZZ's level.

S&P bases its financial analysis mostly on CZZ's and Cosan S.A.'s
consolidated figures and on Raizen's dividends to the group.  S&P
adjusts the Cosan group's debt figures to include the preferred
shares that Cosan Investimentos e Participacoes S.A. (Cosan S.A.'s
subsidiary) issued in June 2014.  Although S&P considers the
equity-like characteristics of this issuance in our analysis, the
preferred shareholders have a put option against Cosan S.A., which
they could exercise until April 30, 2021.  This option would
require Cosan S.A. to pay the R$2 billion in principal linked to
Certificado de Deposito Interbancario.  Therefore, S&P views this
instrument as more debt-like, than equity-like.

Under S&P's base-case scenario, it expects CZZ to deleverage
during the next two years.  Despite Cosan Logistica's, the group's
logistics business, heavy investment plan, S&P views the recently
completed R$2.6 billion capital increase, R$2.9 billion short-term
debt refinancing, and advancements on the negotiations of the
R$3.5 billion financing from the Brazilian Development Bank
(BNDES) as indicators of future capital structure improvements,
paving the way for the company's growth stemming from the
R$4.6 billion expansion capex during 2017-2019.



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


FUYU (CAYMAN): Members' Final Meeting Set for Nov. 2
----------------------------------------------------
The members of Fuyu (Cayman) Venture Capital Fund will hold their
final meeting on Nov. 2, 2016, at 10:00 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

Yung Huang Chou is the company's liquidator.


GSJ LTD: Shareholders' Final Meeting Set for Nov. 14
----------------------------------------------------
The shareholders of GSJ Ltd. will hold their final meeting on
Nov. 14, 2016, at 11:00 a.m., to receive the liquidator's report
on the company's wind-up proceedings and property disposal.

The company's liquidator is:

          Maricorp Services Ltd.
          c/o Steven J. Barrie
          P.O. Box 2075 Grand Cayman KY1-1105
          Cayman Islands
          Telephone: (345) 949-9710


INDONESIA GREEN: Members' Final Meeting Set for Nov. 30
-------------------------------------------------------
The members of Indonesia Green Fund (SPC) Ltd. will hold their
final meeting on Nov. 30, 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:

          Desmond Campbell
          Stuart Brankin
          Circumference FS (Cayman) Ltd.
          P.O. Box 32322 Grand Cayman KY1-1209
          Cayman Islands
          Telephone: (345) 814 0711


INTERTANK (OVERSEAS): Shareholders' Final Meeting Set for Nov. 10
-----------------------------------------------------------------
The shareholders of Intertank (Overseas) Ltd will hold their final
meeting on Nov. 10, 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:

          Carlos Oswaldo Miranda
          c/o 200 Biscayne Blvd. Way
          Apt. 43d, 33131 Miami
          USA
          Telephone: +1 305 215 2131


MAINSTREET HEALTH: Shareholders' Final Meeting Set for Nov. 1
-------------------------------------------------------------
The shareholders of Mainstreet Health Holdings Inc. 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 liquidator is:

          Scott Higgs
          14390 Clay Terrace Blvd, Suite 205
          Carmel, IN 46032
          USA


PANION & BF: Shareholders' Final Meeting Set for Nov. 3
-------------------------------------------------------
The shareholders of Panion & BF Biotech Inc. will hold their final
meeting on Nov. 3, 2016, to receive the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

          Chung-Ming Chiang
          No. 4, Lane 58, Jiankang Road, 3rd Floor
          Songshan District, Taipei City 105
          Taiwan (R.O.C.)
          Telephone: 8862 26558218


SAKA CAPITAL: Shareholders' Final Meeting Set for Nov. 15
---------------------------------------------------------
The shareholders of Saka Capital Liquid Credit Master Fund will
hold their final meeting on Nov. 15, 2016, at 10:15 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

          Kenneth Stewart
          c/o Apex Fund Services (Cayman) Ltd.
          P.O. Box 10085 161a Artillery Court, Shedden Road
          Grand Cayman KY1-1001
          Cayman Islands
          Telephone: (345) 747 2739
          e-mail: ken@apexfunds.ky


SAKA CAPITAL FOCUS: Shareholders' Final Meeting Set for Nov. 15
---------------------------------------------------------------
The shareholders of The Saka Capital Focus Fund will hold their
final meeting on Nov. 15, 2016, at 10:20 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.

The company's liquidator is:

          Kenneth Stewart
          c/o Apex Fund Services (Cayman) Ltd.
          P.O. Box 10085 161a Artillery Court, Shedden Road
          Grand Cayman KY1-1001
          Cayman Islands
          Telephone: (345)747-2739



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


DOMINICAN REPUBLIC: Power Firm Hail Push to Halt Fuel Trafficking
-----------------------------------------------------------------
Dominican Today reports that Dominican Republic' power companies
association (ADIE) said it agrees with the Government's measures
against the trafficking of fuels and for transparent operations
within the national fuel market.

ADIE Executive Vice President Milton Morrison said the fuel used
by association member power companies is strictly intended to
generate electricity, according to Dominican Today.  "To produce
energy, we use natural gas and coal, which are not traded in the
local market, and fuel oil # 6 or bunker C, which are not used in
vehicles or other activity other than generating electricity," the
report quoted Mr. Morrison as saying.

Mr. Morrison said the tax exempt-fuel for generation is a
Government measure to prevent the transfer of costs to customers,
the report notes. "This decision corresponds only to the
government," he added.

Mr. Morrison also noted that energy industries don't benefit from
the ITBIS tax breaks, the report relays.  "The electricity
generating companies pay pay ITBIS when buying goods and services,
but isn't transferred," 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.



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


AEROPOSTALE INC: Taps Development Specialist to Provide CRO
-----------------------------------------------------------
Aeropostale Inc. and its debtor-affiliates seek authorization from
the U.S. Bankruptcy Court for the Southern District of New York to
employ Development Specialists, Inc. and designate William A.
Brandt, Jr., as chief restructuring officer, nunc pro tunc to
September 19, 2016.

The Debtors require Mr. Brandt and Development Specialists to:

   (a) assist the Debtors with the transition under the Court-
       approved agreements between the Debtors and the members of
       the consortium that purchased substantially all of the
       Debtors' business assets, including management of the
       Debtors' rights under and compliance with the applicable
       purchase agreement, agency agreement and transition
       services agreements;

   (b) implement the post-closing, pre-confirmation wind-down of
       the estates, including reconciliation and resolution of
       claims and collection of estate assets excluded from the
       Court-approved purchase;

   (c) monitor and otherwise interface with the agent in
       connection with the store closing sales being conducted by
       Hilco Merchant Services and Gordon Bros;

   (d) oversee the budget process in connection with the Debtors'
       use of cash collateral and payment of estate liabilities;

   (e) assist in the further development and implementation of an
       amended liquidating chapter 11 plan; and

   (f) assist with such other matters as may be requested by the
       Board, the Debtors or the Debtors' outside counsel that
       fall within Development Specialists' expertise and that are

       mutually agreeable.

Development Specialists will be paid at these hourly rates:

       Fred C. Caruso                   $660
       Patrick J. O'Malley              $595
       Joseph J. Luzinski               $590
       Senior Managing Directors        $575-$590
       Directors/Managing Directors     $320-$460
       Associates/Senior Associates     $190-$290

Pursuant to the terms of the Engagement Letter, the Debtors have
agreed to compensate Development Specialists at a fixed rate of
$100,000 per month, payable in advance, for the services of the
CRO.

Development Specialists will also be reimbursed for reasonable
out-of-pocket expenses incurred.

William A. Brandt, Jr., president and CEO of Development
Specialists, 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
Debtors and their estates.

Development Specialists can be contacted at:

       William A. Brandt, Jr.
       DEVELOPMENT SPECIALISTS, INC.
       110 E. 42nd St., Ste. 1818
       New York, NY 10017
       Tel: (312) 263-4141
       E-mail: bbrandt@dsi.biz

                     About Aeropostale Inc.

Aeropostale, Inc. (OTC Pink: AROPQ) is a specialty retailer of
casual apparel and accessories, principally serving young women
and men through its Aeropostale(R) and Aeropostale Factory(TM)
stores and website and 4 to 12 year-olds through its P.S. from
Aeropostale stores and website.  The Company provides customers
with a focused selection of high quality fashion and fashion basic
merchandise at compelling values in an exciting and customer
friendly store environment.  Aeropostale maintains control over
its proprietary brands by designing, sourcing, marketing and
selling all of its own merchandise.  As of May 1, 2016 the Company
operated 739 Aeropostale(R) stores in 50 states and Puerto Rico,
41 Aeropostale stores in Canada and 25 P.S. from Aeropostale(R)
stores in 12 states.  In addition, pursuant to various licensing
agreements, the Company's licensees currently operate 322
Aeropostale(R) and P.S. from Aeropostale(R) locations in the
Middle East, Asia, Europe, and Latin America.  Since November
2012, Aeropostale, Inc. has operated GoJane.com, an online women's
fashion footwear and apparel retailer.

Aeropostale, Inc., and 10 of its affiliates each filed a voluntary
petition under Chapter 11 of the Bankruptcy Code (Bankr. S.D.N.Y.
Lead Case No. 16-11275) on May 4, 2016.  The petitions were signed
by Marc G. Schuback as senior vice president, general counsel and
secretary.

The Debtors listed total assets of $354.38 million and total debts
of $390.02 million as of Jan. 30, 2016.

The Debtors have hired Weil, Gotshal & Manges LLP as counsel; FTI
Consulting, Inc., as restructuring advisor; Stifel, Nicolaus &
Company, Inc., and Miller Buckfire & Company LLC as investment
bankers; RCS Real Estate Advisors as real estate advisors; Prime
Clerk LLC as claims and noticing agent; Stikeman Elliot LLP as
Canadian counsel; and Togut, Segal & Segal LLP as conflicts
counsel.

Judge Sean H. Lane is assigned to the cases.

The U.S. trustee for Region 2 on May 11, 2016, appointed seven
creditors of Aeropostale Inc. to serve on the official committee
of unsecured creditors.  The Committee hired Pachulski Stang Ziehl
& Jones LLP as counsel.


CARIBBEAN CREAMERY: Disclosures Okayed, Plan Hearing on Nov. 15
----------------------------------------------------------------
The U.S. Bankruptcy Court for the District of Puerto Rico will
consider approval of the Chapter 11 plan of Caribbean Creamery
Inc. at a hearing on November 15.

The court will also consider at the hearing the final approval of
the company's disclosure statement, which it conditionally
approved on October 13.

The deadline for creditors to cast their votes and file their
objections is three days prior to the hearing.

The Debtor's Plan will be funded by and through (a) the Debtor's
cash reserves as of the effective date of the Plan and (b) the
future cash flows generated by the Debtor's business.

Holders of Class 3 General Unsecured Claims will be satisfied via
monthly payments starting at the effective date of the Plan.
Total distribution on Class 3 Claims is estimated at $38,700,
which is a 5.00% distribution on these claims.

Holders of Class 2 Allowed Priority Claims filed by Governmental
Entities will receive a 100% distribution on their claims, plus
interest based on an interest rate of 4.00%.  Holders of Class 1
BDE Secured Claims will receive the amount of $70,000, which will
be paid via monthly installments of $717 for a term of 120 months.

A full-text copy of the Disclosure Statement dated October 7,
2016, is available at http://bankrupt.com/misc/prb16-00367-68.pdf

                    About Caribbean Creamery

Caribbean Creamery Inc. filed a Chapter 11 petition (Bankr. D.P.R.
Case No. 16-00367) on January 22, 2016, and is represented by Jose
M. Prieto Carballo, Esq., at JPC Law Office.  The case is assigned
to Judge Enrique S. Lamoutte Inclan.


DESARROLLADORA LCP: Dec. 14 Plan Confirmation Hearing Set
---------------------------------------------------------
Judge Brian K. Tester of the U.S. Bankruptcy Court for the
District of Puerto Rico approved the amended disclosure statement
explaining Desarrolladora LCP, Corp.'s Chapter 11 plan, and will
convene a hearing to consider confirmation of the Debtor's Plan on
December 14, 2016, at 9:00 A.M.

Objections to confirmation of the Plan must be filed on or before
seven days prior to the Confirmation Hearing Date.

At the confirmation hearing, the Court will conclude the estimated
date for "substantial consummation" of the Plan as defined in
Section 1101(2) of the Bankruptcy Code.

Class 3 General Unsecured Claims estimated at $1,723,373.30 are
impaired.

Holders of these claims in excess of $20,000, excluding those from
the equity holder and the Debtor's affiliates and the claim from
Oriental Bank, will be paid in full satisfaction of their claims
10% thereof through 60 equal consecutive monthly installments of
$1,940.14, commencing on the Effective Date of the Plan and
continuing on the 30th day of the subsequent 59 months.  The
Holders of allowed General Unsecured Claims of $20,000 or less,
will receive in full satisfaction of their claims 10% thereof, on
the Effective Date of the Plan.  Oriental Bank's proof of claim
number 20, resulting from the Debtor's guarantee of a personal
loan by its shareholder, will continue to be paid by that
Shareholder, without any payments under the Plan.

Claims will be paid with available funds arising from the Debtor's
operations, available cash balance as of the Effective Date of the
Plan, the collections of the Debtor's accounts receivable, and the
Debtor's continued operations.

The Amended Disclosure Statement is available at:

           http://bankrupt.com/misc/prb15-10349-109.pdf

                   About Desarrolladora LCP

Headquartered in San Juan, Puerto Rico, Desarrolladora LCP, Corp.,
is a corporation organized under the laws of the Commonwealth of
Puerto Rico in August 2004.  Since that date, and up to Dec. 31,
2007, the Debtor was in its development stage, primarily engaged
in obtaining financing, constructing a building at Goyco Street,
corners of Munoz Rivera Avenue and Baldorioty Street, Caguas,
Puerto Rico, marketing and entering into lease agreements for
office spaces thereat, and in other administrative functions.

The Debtor filed for Chapter 11 bankruptcy protection (Bankr.
D.P.R. Case No. 15-10349) on Dec. 30, 2015, listing $4.55 million
in total assets and $3.79 million in total liabilities.  The
petition was signed by Manuel Morales Lopez, president.

Charles Alfred Cuprill-Hernandez, Esq., at Charles A Cuprill, PSC
Law Office serves as the Debtor's bankruptcy counsel.


FUNDACION HISPANOAMERICANA: Hires Lozada Law as Attorney
--------------------------------------------------------
Fundacion HispanoAmericana De Autismo Inc. seeks authority from
the U.S. Bankruptcy Court for the District of Puerto Rico to
employ Lozada Law & Associates, LLC as attorney to the Debtor.

Fundacion HispanoAmericana requires Lozada Law to represent the
Debtor in the bankruptcy proceedings.

Lozada Law will be paid at these hourly rates:

     Maria Soledad Lozada              $200
     Associates                        $150
     Paralegal                         $75

Lozada Law will be paid a retainer in the amount of $2,000.

Lozada Law will also be reimbursed for reasonable out-of-pocket
expenses incurred.

Maria Soledad Lozada, member of Lozada Law & Associates, LLC,
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.

Lozada Law can be reached at:

     Maria Soledad Lozada, Esq.
     LOZADA LAW & ASSOCIATES, LLC
     PO Box 9023888
     San Juan, PR 00902-3888
     Tel: (787) 533-1400
     Email: msl@lozadalaw.com

                 About Fundacion HispanoAmericana

Fundacion Hispanoamericana De Autismo Inc., based in Cabo Rojo,
PR, filed a Chapter 11 petition (Bankr. D.P.R. Case No. 16-07574)
on September 22, 2016. Maria Soledad Lozada, Esq., at Lozada Law &
Associates, LLC, as bankruptcy counsel.

In its petition, the Debtor estimated $500,000 to $1 million in
assets and $1 million to $10 million in liabilities. The petition
was signed by Angel Lopez Nunci, president.

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


GAMALIER GONZALEZ: Plan Confirmation Hearing Set for Nov. 16
------------------------------------------------------------
U.S. Bankruptcy Judge Brian K. Tester entered an order
conditionally approving the disclosure statement explaining the
Chapter 11 Plan of debtor Gamalier Gonzalez Trucking Inc.  The
Court will hold a hearing to consider final approval of the
Disclosure Statement and the confirmation of the Plan, and of
objections on Nov. 16, 2016 at 9:00 a.m. at the U.S. Bankruptcy
Court, U.S. Post Office and Courthouse Building, 300 Recinto Sur,
Courtroom No. 1, Second Floor, San Juan, Puerto Rico.

The debtor and parties-in-interest may now solicit acceptances or
rejections of the debtor's Plan of Reorganization pursuant to 11
USC Section 1125.

Plan votes are due on or before 10 days prior to the date of the
hearing on confirmation of the Plan.

Any objection to the final approval of the Disclosure Statement
and/or the confirmation of the Plan must be filed on or before 10
days prior to the date of the hearing on confirmation of the Plan.

At the confirmation hearing the Court will conclude the estimated
date for "substantial consummation" of the Plan as defined in 11
USC 1101(2).

As reported by the Troubled Company Reporter, Gamalier Gonzalez
Trucking's Plan provides that Class 5 All Other General Unsecured
Claims will consist of the general unsecured claims listed in the
schedules and those who filed proof of claims.  Once the Oct. 11,
2016 bar date for general unsecured creditors has elapsed if any
additional claims are filed, and including accordingly.

As of Oct. 3, 2016, there are four general unsecured creditors who
filed its respective proof of claimholders: (1) "Centro de
Recaudaciones de Ingresos Municipales" (claim 2) with $2,448.92;
(2) Banco Popular de Puerto Rico (claim 3) with 836.39; (3) Puerto
Rico Treasury Department (Hacienda) (claim 4) with 15,719.66; and
(4) Internal Revenue Service (IRS) with $3,398.28.

The entire class will receive the amount calculated as liquidation
value under a Hypothetical Chapter 7 liquidation analysis for a
total amount of $22,026.05, plus 2.0% interest during 60 months
counting from the Effective Date.  It means that the entire Class
4 will receive a monthly payment in the amount of $386.07 during
60 months counting from the Effective Date.  The Debtor will
distribute this monthly payment at pro rata of each claimholders
claims.

Funding the plan will be from the collection of any account
receivable and services provided by the Debtor and any other
business that Debtor wild be engaged during the life of the Plan.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/prb16-04601-54.pdf

                    About Gamalier Gonzalez

Gamalier Gonzalez Trucking Inc. is a corporation created to
Operate two business simultaneously: (1) to transport and goods
delivery in "dry load" trucks, and (2) to provide heavy equiment
services like leveling plots and ground movements.

The Debtor sought protection under Chapter 11 of the Bankruptcy
Code (Bankr. D.P.R. Case No. 16-04601) on June 8, 2016.  Jaime
Rodriguez-Perez, Esq., at Jaime Rodriguez Law Office, PSC, serves
as the Debtor's bankruptcy counsel.


MOTEL TROPICAL: Hires Charneco as Accountant
--------------------------------------------
Motel Tropical Inc., seeks authority from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ Juan A. Feliciano
Charneco as its accountant.

Motel Tropical requires Charneco to analyze and prepare the
financial documentation required in a Chapter 11 proceeding.

Charneco will be paid at these hourly rates:

     Partners                   $90
     Manager                    $60
     Staff Accountants          $40
     Secretarial Services       $25

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

Juan A. Feliciano Charneco, CPA, 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.

Charneco can be reached at:

     Juan A. Feliciano Charneco
     151 Miguel Salas
     Arecibo, PR 00612

                    About Motel Tropical

Motel Tropical Inc. sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 16-00966) on February 11,
2016, disclosing under $1 million in both assets and liabilities.
The Debtor is represented by Isabel M. Fullana, Esq., at
Garcia-Arregui & Fullanan PSC.

The Debtor manages a motel business located at Carr 2.KM 110.7
Ave. Militar, Isabel Puerto Rico. The property on which the Debtor
operates is leased to Manuel Gonzalez Valeting.

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



PUERTO RICO: Oversight Board Wants Lawsuits to Remain Frozen
------------------------------------------------------------
Nick Brown at Reuters reports that Puerto Rico's financial
oversight board said litigation brought by creditors against the
U.S. territory should remain on pause while the island works to
resolve $70 billion of debt its government has said it cannot pay.

In a brief filed in federal court in San Juan, Puerto Rico, the
seven-member board said the Puerto Rican rescue law known as
PROMESA requires the lawsuits to stay frozen, according to
Reuters.  This would allow the board to fulfill its mandate of
overseeing the island's fiscal turnaround plan and facilitating
debt restructuring talks with creditors, it said, the report
notes.

With residents emigrating to the U.S. mainland in droves and
nearly half of those left on the island living in poverty,
Governor Alejandro Garcia Padilla has demanded sharp cuts in
payments to bondholders, calling it necessary to afford government
services, the report relays.

The report discloses that PROMESA, signed by President Barack
Obama on June 30 after earning bipartisan support in Congress,
called for creditor lawsuits against Puerto Rico to be put on
hold, or "stayed," while the federally appointed oversight board
gets up to speed on the fiscal situation.

But creditors have filed at least a dozen lawsuits both before and
since the law's passage, and in several cases have claimed the
stay does not apply to them, the report says.

The lawsuits generally allege Puerto Rico violated the U.S.
Constitution by imposing a debt moratorium this year, allowing it
to forgo certain payments and redirect revenues that had been
earmarked for debt to cover other expenses instead, the report
relays.

The creditors claim to be exempt from the stay because they are
not seeking an actual payment of debt, just a declaration that the
moratorium was unlawful, the report discloses.

Judge Francisco Besosa's decision on the stay, expected in days or
weeks, could be crucial. Lifting the stay could allow the merits
of Puerto Rico's financial decisions to be hashed out in messy,
expensive court proceedings -- exactly the scenario PROMESA was
designed to avoid, the report notes.

The oversight board, appointed in August, asked Besosa for
permission to intervene in the cases, the report relays.  In an
attachment to that request, the board laid out its opposition to
lifting the stay, saying "ongoing litigation is a major
distraction that interferes with the (board's) congressional
mandate," the report says.

Forcing Puerto Rico to respond to several lawsuits "is a
significant expense . . . and a burdensome distraction" to
officials "whose time would be better spent working with the
oversight board," the report adds.

                            *     *     *

The Troubled Company Reporter-Latin America reported on June 15,
2016, that the U.S. Supreme Court struck down a Puerto Rico law
that would have let its public utilities restructure their debt
over the objection of creditors leaving it to Congress to help the
island resolve its fiscal crisis.  Siding with bondholders
challenging the law, the court ruled 5-2 that the measure was
barred under federal bankruptcy law.

Justice Clarence Thomas, writing for the majority in the 5-to-2
decision, said the law was at odds with the federal bankruptcy
code, which bars states and lower units of government from
enacting their own versions of bankruptcy law.

Puerto Rico is struggling with $72 billion in debt and has argued
that it needs to restructure at least some of it under Chapter 9,
the part of the bankruptcy code for insolvent local governments.
But Puerto Rico is not permitted to do so, because Chapter 9
specifically excludes it.

The federal law, Justice Thomas wrote, "bars Puerto Rico from
enacting its own municipal bankruptcy scheme to restructure the
debt of its insolvent public utilities." Chief Justice John G.
Roberts Jr. and Justices Anthony M. Kennedy, Stephen G. Breyer and
Elena Kagan joined him.

Consequently, Puerto Rico opted to default on $911 million in
constitutionally guaranteed debt, or roughly half of the $2
billion in principal and interest that came due July 1, EFE News
reported.

The reported further noted that Puerto Rico enacted a debt
moratorium due to liquidity restraints -- a move that coincided
with a new U.S. law signed by President Obama that installs a
financial control board to restructure the island's debt and
provides a retroactive stay on lawsuits by bondholders.

On July 11, 2016, the TCR-LA reported that S&P Global Ratings has
downgraded the Commonwealth of Puerto Rico's general obligation
secured debt to 'D' (default) from 'CC' following the
commonwealth's default.

On July 7, 2016, Fitch Ratings has downgraded the Commonwealth of
Puerto Rico's Long-Term Issuer Default Rating (IDR) to 'RD' from
'C' and general obligation (GO) bond rating to 'D' from 'C'
following the payment default on certain GO bonds on July 1, 2016.
Both ratings are removed from Rating Watch. Ratings on securities
that have not defaulted will remain at 'C' until the point of
default. The ratings on non-defaulted bonds remain on Rating Watch
Negative.



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


PETROTRIN: Beset With Workers' Strike Action
--------------------------------------------
Trinidad Express reports that State-owned Petroleum Company of
Trinidad and Tobago (Petrotrin) is moving to reduce the negative
impact of the strike action being undertaken by employees of
Inland and Offshore Contractors Limited (IOCL), a company
contracted to provide transport to Trinmar operations.

This is according to Energy Minister Nicole Olivierre.  Ms.
Olivierre said the strike would have a significant impact on
Petrotrin's production, according to Trinidad Express.

"But Petrotrin is doing all it can to mitigate the negative impact
of the strike. I can't quantify the value at this time," Ms.
Olivierre said.

IOCL workers reported for duty at a tent outside the company's
office at Otahietie, South Oropouche.

Ronnie Williams, an employee, said, "The protest is strong and in
full force. We are here and will remain here until we get some
positive word from the union," the report relays.

The report notes that IOCL was served with a strike notice by the
Oilfields Workers' Trade Union (OWTU) following a breakdown in
negotiations.

But the company has said it could not afford to pay workers the
proposed increase wage of 80 per cent for the period 2013 to 2015
given Petrotrin's "bleak financial position", saying that
Petrotrin workers were already highly paid, the report relays.
"At the end of the strike action, the dispute will be referred to
the Industrial Court for determination," IOCL stated, the report
notes.

Petrotrin said the strike was causing serious disruptions to its
operations.  The trade union stated that for many years, IOCL
workers have been working for one third the minimum rate of pay,
and for just as many years they have been calling on the company
to correct this gross error, the report discloses.  "It is
important to note that IOCL is contracted by Petrotrin to provide
marine transport for offshore workers. Companies contracted by
Petrotrin are supposed to pay their workers the same rate of pay
as contained in the collective agreement between the OWTU and
Petrotin," a release stated, the report relays.  OWTU stated that
IOCL had not fulfilled its obligation to pay their workers the
correct rate of pay.

"Even after long, protracted negotiations, the company still
refuses to pay the correct rate of pay. The workers felt that they
were left with no choice and decided to effect legal strike
action. IOCL workers are being treated as second rate inferior
workers and are being denied what they are supposed to be paid,"
the union stated, the report adds.

                            About Petrotrin

Petroleum Company of Trinidad and Tobago is the major state-owned
oil company in Trinidad and Tobago.  The company was established
in 1993 by the merger of Trintopec and Trintoc, two state-owned
oil companies.  Petrotrin's main holdings are extensive, mature
onshore fields located across southern Trinidad.  Large areas
have been leased out to small private producers who are able to
make a profit on wells that are unprofitable for Petrotrin,
giving it higher labor costs.  The company operates a refinery at
Pointe-Pierre, just north of San Fernando in south Trinidad.
Most crude petroleum produced in Trinidad is exported without
being refined. The refinery depends on imported crude (mostly
from Venezuela), which is either used domestically or exported.

                         *     *     *

As reported in the Troubled Company Reporter-Latin America on July
23, 2015, Trinidad Express reports that state-owned Petroleum
Company of Trinidad and Tobago (Petrotrin) multiplied its losses
11.2 times to reach US$168 million for the nine months ended June
30 compared to US$15 million loss for the same period last year,
but its earnings before income tax, depreciation and amortisation
(EBITDA) rose 132 per cent between March and June, preliminary
financials show.

TCRLA reported on Dec. 2, 2014, that Trinidad and Tobago Newsday
said that in the face of falling global oil prices, which is
starring to impact on Trinidad and Tobago's earnings from its
petroleum resources, Petroleum Company of Trinidad and Tobago has
rolled out a plan to remain viable and to survive in the harsh
global oil industry.  Petrotrin said in a media release that it is
forging ahead with objective cost management decisions imperative
to secure its viability, according to Trinidad and Tobago Newsday.
The report said Petrotrin's operations have also been severely
impacted due to unfavorable margins.

The TCRLA reported on Jan. 21, 2014 that Trinidad Express, citing
Energy Minister Kevin Ramnarine, said Petrotrin will make a loss
for its 2013 financial year.  According to Mr. Ramnarine,
Petrotrin was scheduled to make the loss even before the series of
oil spills affecting Trinidad's southwestern peninsula since
December, reports Trinidad Express.


                            ***********


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, Ivy B. Magdadaro, 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.


                   * * * End of Transmission * * *