TCRLA_Public/161212.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

               Monday, December 12, 2016, Vol. 17, No. 245


                            Headlines



B R A Z I L

FIORI EMPREENDIMENTOS: Judge Freezes Firm's, Rio Mayor's Assets


C A Y M A N  I S L A N D S

AQR EMERGING: Placed Under Voluntary Wind-Up
AVERY CAPITAL: Creditors' Proofs of Debt Due Dec. 13
FLEMING ASSET: Placed Under Voluntary Wind-Up
HITS AFRICA: Creditors' Annual Meeting Set for Dec. 14
LOCKINGTON HOLDINGS: Commences Liquidation Proceedings

MC 1 - SPV 1: Creditors' Proofs of Debt Due Dec. 30
SPROTT MASTER: Placed Under Voluntary Wind-Up
SPROTT MASTER II: Placed Under Voluntary Wind-Up
SPROTT OFFSHORE: Placed Under Voluntary Wind-Up
SPROTT OFFSHORE II: Placed Under Voluntary Wind-Up

WCG MASTER: Commences Liquidation Proceedings
WCG OFFSHORE: Commences Liquidation Proceedings


C H I L E

CHILE: GDP Growth Has Been Weak, IMF Says


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Flooding Causes US$64.5M Loss to Banana Sector
DOMINICAN REP: Business Leader Says Exports Must Be Prioritized


G U Y A N A

GUYANA: Governor Dismiss Reports of Foreign Currency Crisis
GUYANA: Temporarily Suspends Trade of Barbadian Dollar


P U E R T O    R I C O

LEVITT HOMES: Unsecureds to Recoup 70% Under Plan
OLIVER C&I: Seeks to Hire Villafane & Oti as External Auditor
PRINTING AND BIKE: Court Grants Final OK to Disclosure Statement
VEGA ALTA: U.S. Trustee Directed to Appoint PCO
UROTECH INC: Hires Homel Mercado as Attorney


X X X X X X X X X

* BOND PRICING: For the Week From Dec. 5 to Dec. 9, 2016


                            - - - - -


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


FIORI EMPREENDIMENTOS: Judge Freezes Firm's, Rio Mayor's Assets
---------------------------------------------------------------
Paul Kiernan at The Wall Street Journal reports that a state judge
froze the assets of Rio Mayor Eduardo Paes and a local real-estate
contractor in connection with a controversial golf course built
here for the 2016 Olympics.

Judge Leonardo Grandmasson Ferreira Chaves found Mr. Paes guilty
of "administrative improbity" for exempting real-estate firm Fiori
Empreendimentos Imobiliarios from paying BRL1.86 million
($551,929) in environmental fees required to build the Olympic
golf course, according to The Wall Street Journal.  Judge Chaves
said the exemption caused "evident damage to the municipal purse,"
the report notes.

The decision is likely to reinforce widespread concern among Rio
residents that the pro-business mayor, a fluent English speaker,
used the Olympics to enrich well-connected firms and investors,
the report relays.

The report discloses that Fiori Empreendimentos is part-owned by
Pasquale Mauro, an aging real-estate mogul who owns vast tracts of
land in the upscale Rio neighborhood of Barra da Tijuca, where Mr.
Paes started his political career and where the 2016 Olympics were
centered, at the cost of billions of dollars in public investment.

Mr. Paes said he would appeal Judge Chaves's ruling, adding that
contrary to the judge's statements, the city had charged the
environmental fees but Fiori Empreendimentos didn't pay, the
report relays.  His press office released copies of bills made out
to Fiori Empreendimentos this year listing the fees plus fines for
delayed payment, the report notes.

The office of the public prosecutors who filed suit against Mr.
Paes responded with a 2013 document, signed by the mayor, which
they say shows the city government agreed to pay the fees on
behalf of Fiori Empreendimentos, the report notes.  The firm
didn't respond to repeated attempts to contact it.

The state court said the asset freeze was a measure to prevent Mr.
Paes, who is scheduled leaving the country next year to take a
position as a visiting professor at Columbia University, from
escaping future punishment, the report relays.

Mr. Paes responded that his "departure to New York has been public
knowledge for more than a year, since he received the invitation
from one of the most important American universities, Columbia
University, which is part of the renowned Ivy League," the report
relays.  He added that he plans to return to Brazil to run for
governor of Rio in 2018, the report notes.

Columbia University didn't immediately respond to a request for
comment, says WSJ.

As reported in the Troubled Company Reporter-Latin America on
Nov. 15, 2016, Fitch Ratings has affirmed Brazil's Long-Term
Foreign and Local Currency Issuer Default Ratings (IDRs) at 'BB'/
Negative Outlook.  Brazil's senior unsecured Foreign- and Local-
Currency bonds are also affirmed at 'BB'. The Country Ceiling is
affirmed at 'BB+' and the Short-Term Foreign and Local-Currency
IDRs at 'B'.


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


AQR EMERGING: Placed Under Voluntary Wind-Up
--------------------------------------------
On Nov. 11, 2016, the sole shareholder of AQR Emerging Defensive
Equity Offshore Fund Ltd. resolved to voluntarily wind up the
company's operations.

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

The company's liquidator is:

          AQR Capital Management, LLC
          c/o Joanne Huckle
          89 Nexus Way, Camana Bay
          Grand Cayman KY1-9009
          Cayman Islands
          Telephone: +1 (345) 949 9876
          Facsimile: +1 (345) 949-9877


AVERY CAPITAL: Creditors' Proofs of Debt Due Dec. 13
----------------------------------------------------
The creditors of Avery Capital Ltd. are required to file their
proofs of debt by Dec. 13, 2016, to be included in the company's
dividend distribution.

The company commenced wind-up proceedings on Nov. 11, 2016.

The company's liquidator is:

          Benno Hafner
          Sonnenhof 8
          Lucerne
          6004 Switzerland
          Telephone + 41 44 201 95 01
          Facsimile: + 41 201 95 41


FLEMING ASSET: Placed Under Voluntary Wind-Up
---------------------------------------------
On Oct. 28, 2016, the sole shareholder of Fleming Asset Management
(Cayman) Ltd. resolved to voluntarily wind up the company's
operations.

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

The company's liquidator is:

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


HITS AFRICA: Creditors' Annual Meeting Set for Dec. 14
------------------------------------------------------
The creditors of Hits Africa Ltd will hold their annual meeting on
Dec. 14, 2016, at 10:00 a.m.

The company's liquidator is:

          Mr. Keiran Hutchison
          c/o Sophie Hill
          Ernst & Young Ltd.
          One Montague Place, East Bay Street
          P.O. Box N-3231 Nassau
          Bahamas
          Telephone: (242) 502 6067
          Facsimile: (242) 502 6090


LOCKINGTON HOLDINGS: Commences Liquidation Proceedings
------------------------------------------------------
On Nov. 11, 2016, the sole shareholder of Lockington Holdings
Limited 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:

          Frances Holliday
          c/o Jasmine Amaria
          Walkers
          6 Gracechurch Street
          London
          EC3V 0AT
          UK
          Telephone: +1 44 207 2204975


MC 1 - SPV 1: Creditors' Proofs of Debt Due Dec. 30
---------------------------------------------------
The creditors of MC 1 - SPV 1 are required to file their proofs of
debt by Dec. 30, 2016, to be included in the company's dividend
distribution.

The company commenced liquidation proceedings on Nov. 3, 2016.

The company's liquidator is:

          Victor Murray
          MG Management Ltd.
          P.O. Box 30116 Grand Cayman KY1-1201
          Landmark Square, 2nd Floor
          64 Earth Close
          Seven Mile Beach
          Cayman Islands
          Telephone: +1 (345) 749 8181
          Facsimile: +1 (345) 743 6767


SPROTT MASTER: Placed Under Voluntary Wind-Up
---------------------------------------------
On Nov. 10, 2016, the sole shareholder of Sprott Master Fund, Ltd.
resolved to voluntarily wind up the company's operations.

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

The company's liquidator is:

          Samgenpar, Ltd.
          c/o Joanne Huckle
          Ogier
          89 Nexus Way, Camana Bay
          Grand Cayman KY1-9009
          Cayman Islands
          Telephone: +1 (345) 949 9876
          Facsimile: +1 (345) 949-9877


SPROTT MASTER II: Placed Under Voluntary Wind-Up
------------------------------------------------
On Nov. 10, 2016, the sole shareholder of Sprott Master Fund II,
Ltd. resolved to voluntarily wind up the company's operations.

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

The company's liquidator is:

          Samgenpar, Ltd.
          c/o Joanne Huckle
          Ogier
          89 Nexus Way, Camana Bay
          Grand Cayman KY1-9009
          Cayman Islands
          Telephone: +1 (345) 949 9876
          Facsimile: +1 (345) 949-9877


SPROTT OFFSHORE: Placed Under Voluntary Wind-Up
-----------------------------------------------
On Nov. 10, 2016, the sole shareholder of Sprott Offshore Fund,
Ltd. resolved to voluntarily wind up the company's operations.

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

The company's liquidator is:

          Samgenpar, Ltd.
          c/o Joanne Huckle
          Ogier
          89 Nexus Way, Camana Bay
          Grand Cayman KY1-9009
          Cayman Islands
          Telephone: +1 (345) 949 9876
          Facsimile: +1 (345) 949-9877


SPROTT OFFSHORE II: Placed Under Voluntary Wind-Up
--------------------------------------------------
On Nov. 10, 2016, the sole shareholder of Sprott Offshore Fund II,
Ltd. resolved to voluntarily wind up the company's operations.

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

The company's liquidator is:

          Samgenpar, Ltd.
          c/o Joanne Huckle
          Ogier
          89 Nexus Way, Camana Bay
          Grand Cayman KY1-9009
          Cayman Islands
          Telephone: +1 (345) 949 9876
          Facsimile: +1 (345) 949-9877


WCG MASTER: Commences Liquidation Proceedings
---------------------------------------------
On Nov. 10, 2016, the sole shareholder of WCG Master Fund, 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:

          Barry Wittlin
          Walkers
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9001
          Cayman Islands
          Telephone: (345) 914 6386


WCG OFFSHORE: Commences Liquidation Proceedings
-----------------------------------------------
On Nov. 10, 2016, the sole shareholder of WCG Offshore Fund, 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:

          Barry Wittlin
          Walkers
          190 Elgin Avenue, George Town
          Grand Cayman KY1-9001
          Cayman Islands
          Telephone: (345) 914 6386


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


CHILE: GDP Growth Has Been Weak, IMF Says
-----------------------------------------
On December 7, 2016, the Executive Board of the International
Monetary Fund (IMF) concluded the Article IV consultation with
Chile.

GDP growth has been weak, with activity slowing in October.
However, conditions are in place for the economy to recover. After
expanding by a moderate 1.7 this year, growth is forecast to
increase to 2 percent in 2017.  Faster growth in main regional
partners and more stable copper prices are expected to lift
exports and investment.  The recovery is, however, projected to be
gradual, held back by slow wage and job growth and still low
business confidence.  Inflation is expected to continue to
decelerate to 2.7 percent next year.

The balance of risks is on the downside. The main external risk is
an unexpected slowdown in Chile's main trading partners, China and
Brazil. Possible changes to the U.S. policy path have added
uncertainty to the outlook.  External risks could be magnified by
high corporate leverage and reliance on foreign currency debt.
Domestically, the main risks are a delayed recovery in business
confidence and investment related to larger the expected
uncertainties surrounding a new labor bill. Also, should a pension
reform be approved, an increase in contribution rates could dampen
growth over the medium term.  On the upside, a fiscal expansion in
advanced economies could raise external demand above expectations.

The financial sector appears healthy. Banks profitability is
declining but capital buffers are adequate and non-performing loan
rates are low. Discussions about a strengthening of the regulatory
framework, especially Basel III, and a strengthening of
supervision have been underway for some time.

The macroeconomic policy mix remains accommodative. Amidst fast
disinflation and slow activity, the policy rate has remained
unchanged throughout 2016 and policy guidance is now setting the
tone for an easing cycle.  The strong net public-asset position
has allowed the use of fiscal space so far, and the envisaged
consolidation is gradual and geared toward pro-growth spending.

Structural reforms are setting the stage for stronger growth.
Investment in infrastructure, especially roads and electricity,
have come underway.  Implementations of the previously approved
education reform is proceeding. More recently a package of
measures aimed at raising productivity has been passed.

                 Executive Board Assessment

Executive Directors commended the authorities' sound macroeconomic
management, which has contributed to Chile's resilience to large
terms-of-trade shocks.  At the same time, Directors noted that
less favorable external conditions, declining trend growth, and an
urgent need to address social needs could impact the country's
economic prospects.  Directors welcomed the authorities' continued
commitment to strong policies and reforms aimed at achieving
higher and more inclusive growth and tackling the challenges
ahead.

Directors welcomed the current monetary policy stance which is
based on an inflation-targeting framework and a flexible exchange
rate regime. They supported the ongoing monetary policy
accommodation and agreed that further easing could be considered
in case disinflationary pressures broaden and growth risks
intensify. They recommended that monetary policy decisions should
continue to be data dependent.

Directors commended the authorities' shift toward fiscal
consolidation, given the sizable structural deficit, and
recommended a gradual consolidation path so as to minimize the
drag on the recovery. They noted that the role of the Advisory
Fiscal Council could be strengthened to buttress fiscal
credibility.

Directors noted that although Chile's pension system is sound, it
is not delivering adequate benefits. They welcomed the
authorities' plans to reform the pension system, including
ensuring adequate old-age income by strengthening the private and
public solidarity pillars, and by reducing the costs of pension
fund administration. Directors highlighted that consideration
should also be given to increases in contribution rates,
retirement ages, and mandatory coverage. In addition, they
underscored that economic effects of these reform efforts need to
be carefully assessed for their impact on growth as well as on
current and future pensions.

Directors noted that the financial sector is healthy. However,
they encouraged the authorities to closely monitor vulnerabilities
as weaker-than-expected growth could strain the solvency of highly
leveraged firms and less resilient small-and medium-sized
enterprises, with potential for amplification via strong inter-
sectoral balance-sheet linkages. Directors underscored the need to
further improve resilience by adopting Basel III capital standards
and to move towards risk-based supervision of insurers. They also
called for more effective oversight of conglomerates and stronger
corporate governance and investor protection.

Directors emphasized that ambitious structural reforms are
necessary to promote stronger and more inclusive growth. They
welcomed the authorities' continued efforts toward improving the
quality of education, upgrading key infrastructure, and raising
productivity. Directors also underscored the importance of
tackling legal uncertainties related to the labor reform.


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


DOMINICAN REPUBLIC: Flooding Causes US$64.5M Loss to Banana Sector
------------------------------------------------------------------
Dominican Today, citing EFE News, reports that the flooding from
November's downpours has left nearly US$64.5 million in losses to
the banana sector, one of the hardest hit in the Dominican
Republic.

Dominican Banana Association President Simeon RamĀ°rez said 35% of
the banana plantations "collapsed" from the flooding, according to
Dominican Today.

Mr. Ramirez noted that around 80% of the harvest is for export,
and will jeopardize the plantations, the report notes.

Mr. Ramirez said producers will need as much as US$51.6 million to
re-plant, and have asked the government to provide low rate loans,
the report relays.

                              Agro Chief

Agriculture Minister Angel Estevez said preliminary data show
decreases in farm production in several areas of the northwest,
home to more than 85% of the banana crops for export and domestic
consumption, the report relays.

The sector's losses, the official said, will cause a "glut" from
harvests in the local market in the next few days, but within four
or six weeks bananas will "logically experience an increase in
price due to the scarcity," the report notes.

As reported in the Troubled Company Reporter-Latin America on
Nov. 22, 2016, Fitch Ratings has taken the following rating
actions on the Dominican Republic:

   -- Long-Term Foreign Currency Issuer Default Rating (IDR)
      upgraded to 'BB-' from 'B+'; assigned Stable Outlook;

   -- Long-Term Local Currency IDR upgraded to 'BB-' from 'B+';
      assigned Stable Outlook;

   -- Senior unsecured Foreign and Local Currency bonds upgraded
      to 'BB-' from 'B+';

   -- Short-Term Foreign Currency IDR affirmed at 'B';

   -- Short-Term Local Currency IDR affirmed at 'B'.


DOMINICAN REP: Business Leader Says Exports Must Be Prioritized
---------------------------------------------------------------
Dominican Today reports that the President of the Round Table of
Commonwealth Countries in the Dominican Republic, Fernando
Gonzalez Nicolas requested to join efforts between the government
and the private sector to prioritize exports.

"These are fundamental for the strengthening of the economy in
general," the report quoted Mr. Nicolas as saying.

Mr. Nicolas added that countries in the world that have achieved
sustained economic development and generalized wealth have
achieved through prioritizing exports, foreign investment,
education, among others, the report notes.

Gonzalez Nicolas raised the need to explore new markets for
Dominican exports to increase and diversify them, the report
relays.  He said we need to do more foreign trade missions,
organize more international fairs in the country, participate in
more exhibitions abroad and do more market research and publicize
them, the report discloses.  "Working together between the
government and the private sector to achieve export development is
vital," he added.

He suggested that depending on the possibilities to give more
support to the Dominican Republic Export and Investment Promotion
Center, CEI-RD, providing it with the resources necessary to do an
effective job of promoting exports and foreign investment, the
report notes.

                       Role Embassies Play

The president of the Roundtable highlighted the importance of the
role of Dominican embassies abroad in supporting entrepreneurs in
the search for new markets for exports and to attract investments,
the report relates.

Because of the importance of the role played by the ambassadors,
he proposed to rotate ambassadors who starry more time than they
should, in their respective diplomatic posts, the report
discloses.

Gonzalez Nicolas said many of those ambassadors have more than 10
years in the same post, a period of time that is unusual in
countries with efficient diplomacy, the report notes.

                Blocked: Dominican Exports to Trinidad

In another topic, Gonzalez Nicolas noted that that exports of a
dozen Dominican agricultural products isn't allowed by Trinidad
since two years ago, the report relays.

Mr. Nicolas referred to agricultural items such as bananas,
pineapples, tomatoes among others, which cannot be exported to
Trinidad since they are subject to barriers imposed by the
authorities of that country, the report says.

Mr. Nicolas said to solve the problem requires the involvement of
the CEI-RD and the Ministry of Agriculture at the highest level,
says Dominican Today.

"Trinidad is today the main trading partner of the Dominican
Republic in the British Caribbean region, CARICOM. Dominican
agricultural products are very competitive and there are transport
facilities to Trinidad," the report quoted Gonzalez Nicolas as
concluding.

As reported in the Troubled Company Reporter-Latin America on
Nov. 22, 2016, Fitch Ratings has taken the following rating
actions on the Dominican Republic:

   -- Long-Term Foreign Currency Issuer Default Rating (IDR)
      upgraded to 'BB-' from 'B+'; assigned Stable Outlook;

   -- Long-Term Local Currency IDR upgraded to 'BB-' from 'B+';
      assigned Stable Outlook;

   -- Senior unsecured Foreign and Local Currency bonds upgraded
      to 'BB-' from 'B+';

   -- Short-Term Foreign Currency IDR affirmed at 'B';

   -- Short-Term Local Currency IDR affirmed at 'B'.


===========
G U Y A N A
===========


GUYANA: Governor Dismiss Reports of Foreign Currency Crisis
-----------------------------------------------------------
Trinidad Express reports that the Guyana government has dismissed
reports of a foreign currency crisis warning that such reports had
the potential to destabilize the country.

Finance Minister, Winston Jordan said the report published in a
local newspaper about the foreign currency crisis had the ability
to destabilize the foreign exchange market and "ultimately
destabilize the development of Guyana," according to Trinidad
Express.

The report notes that Mr. Jordan described the media report as "a
lot of hearsay" and wondered whether the newspaper was on a
crusade against the David Granger government, the report notes.

"I have no problem with people attacking the government,
criticizing the government . . . but for you to use situations
like these baseless, meaningless, misleading headlines to among
other things scare, add to the scare that is going on that is
being used by the opposition as it relates to the budget,
one begins to wonder what really is the agenda," the report quoted
Mr. Jordan as saying.

The report relays that the Bank of Guyana Governor, Dr. Gobind
Ganga, said the headline and article in the newspaper were both
"misleading," adding that the article could be undermining, create
false expectations and "obviously put the whole economy in a spin
because of the negativity that was portrayed!"

The report notes that Mr. Ganga reiterated that there is no
evidence that any such purported crisis is looming.

Mr. Ganga said that commercial banks have actually increased their
gross foreign exchange holdings with figures showing that at the
end of September the figure stood at US$388.4 million as against
US$357 million for the corresponding period last year, the report
relays.

The Central Bank, he added had US$598 million in 2015 and that
this figure has increased to approximately US$625 million in 2016,
the report says.

"There is an increase in the holding of foreign exchange and hence
there is availability from the holdings," the BOG Governor said,
adding that there has been an increase in demand from some foreign
entities outside of the traditional banking system, particularly
since 2014, the report notes.

He used the example of increased supplies of Caribbean Community
(CARICOM) currencies in the local banking system, says the report.

"More specifically we had an increase in Trinidadian dollars from
9.1 million in 2014 to 24.4 million in 2015," he said, the report
relays.

The newspaper claimed that commercial banks were adversely
affected by having to wait for a supply of foreign exchange, the
report recalls.

But Mr. Ganga dismissed the suggestion saying "there is not piling
because of a demand for foreign exchange at the commercial banks.

"No there are not people who are waiting. You will find the
commercial banks know who are the legitimate customers and who are
not, and there is the demand from elsewhere out of Guyana," the
report relates.


GUYANA: Temporarily Suspends Trade of Barbadian Dollar
------------------------------------------------------
RJR News reports that Guyana's central bank is temporarily
suspending trade in the Barbadian dollar due to a flood of that
country's currency in its market.

Guyana's monetary authorities also moved against the Trinidad and
Tobago dollar, according to RJR News.

Though trading is temporarily suspended, the central bank said
persons conducting legitimate business could still deal in the
dollars of the two CARICOM member states, the report relays.

The business community has reportedly been facing a recent
shortage of US currency, the report notes.

The government has indicated that there is no such shortage as
there are adequate reserves, the report says.

However, they were worried that local traders were accepting large
amounts of Barbados and Trinidad currency and exchanging them for
US dollars, the report notes.

There is unrestricted access to foreign currency in Guyana and
reports are that business people from Barbados and Trinidad have
been using this gateway to access US dollars, the report adds.


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


LEVITT HOMES: Unsecureds to Recoup 70% Under Plan
-------------------------------------------------
Levitt Homes Corporation filed with the U.S. Bankruptcy Court for
the District of Puerto Rico a disclosure statement referring to
the Debtor's plan of reorganization.

Class 1 Allowed Undisputed General Unsecured Claims are impaired
under the Plan.  Holders of Allowed Undisputed (Undisputed)
General Unsecured Claims (Non-Insiders) for $782,139.32, will be
paid in full satisfaction of their claims 70% thereof, at the
Effective Date.

Class 3 Allowed General Unsecured Claims of Insiders and Debtor's
Affiliates are impaired under the Plan.  Holders of Allowed
General Unsecured Claims of Debtor's Affiliates and Insiders for
$3,610,890.84, resulting from advances to the Debtor, loans to the
Debtor, and unpaid salaries, will be paid from the sale of the
Debtor's remaining assets, on a pro rata basis.

The final recovery of these claimants as well as its timing will
depend on the future sale of the Debtor's remaining assets and the
available cash in the Debtor's account after payment to the
classes.

The Debtor will effect payments of pending administrative expense
claims, priority tax claims, and Class 1 Claims on the Effective
Date from the cash balance currently available in the Debtor's
accounts.

The Disclosure Statement is available at:

           http://bankrupt.com/misc/prb15-03368-261.pdf

Headquartered in San Juan, developer and builder Puerto Rico,
Levitt Homes Corporation filed for Chapter 11 bankruptcy
protection (Bankr. D. P.R. Case No. 15-03368) on May 4, 2015,
listing $4.5 million in total assets and $4.6 million in total
liabilities.  The petition was signed by Jose Manuel Rodriquez,
CPA, vice-president.

Judge Enrique S. Lamoutte Inclan presides over the case.

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


OLIVER C&I: Seeks to Hire Villafane & Oti as External Auditor
-------------------------------------------------------------
Oliver C & I Corp. seeks approval from the U.S. Bankruptcy Court
for the District of Puerto Rico to hire an external auditor.

The Debtor proposes to hire Villafane & Oti, Certified Public
Accountants, PSC, to prepare its income tax return, audited
financial statements and other documents.

Aurora Oti-Yvonnet, a certified public accountant employed with
the firm, will receive a flat fee of $4,200 for the preparation of
the Debtor's financial statements; $350 for the income tax return;
$150 for the Annual Corporative Report; and $250 for the Annual
Informative Returns.  Ms. Oti-Yvonnet will be paid an hourly rate
of $175 for additional services.

In a court filing, Ms. Oti-Yvonnet disclosed that she is a
"disinterested person" as defined in section 101(14) of the
Bankruptcy Code.

The firm can be reached through:

     Aurora Oti-Yvonnet
     Villafane & Oti, Certified
     Public Accountants, PSC
     P.O. Box 70250, Suite 288
     San Juan, PR 00936-8250
     Phone: (787) 751-8180
     Fax: (787) 751-8445

                    About Oliver C & I Corp.

Oliver C & I Corp., based in Guaynabo, Puerto Rico, filed a
Chapter 11 petition (Bankr. D.P.R. Case No. 16-08311) on October
17, 2016.  The Hon. Mildred Caban Flores presides over the case.
Carmen D. Conde Torres, Esq., serves as attorney.

In its petition, the Debtor indicated $29.94 million in total
assets and $1.06 million in total liabilities.  The petition was
signed by Max Olivera, vice-president and treasurer.


PRINTING AND BIKE: Court Grants Final OK to Disclosure Statement
----------------------------------------------------------------
The Hon. Brian K. Tester of the U.S. Bankruptcy Court for the
District of Puerto Rico has finally approved Printing and Bike
Corporation's disclosure statement filed on Oct. 14, 2016,
referring to the Debtor's Chapter 11 plan.

As reported by the Troubled Company Reporter on Oct. 25, 2016, the
Debtor filed with the Court a plan of reorganization and
accompanying disclosure statement, which propose that the
aggregate dividend to general unsecured creditors classified in
Class 5 would be fixed in the amount of $5,000, with payments to
be distributed pro rata among outstanding and allowed claims.

                  About Printing and Bike

Printing and Bike Corporation filed a Chapter 11 petition (Bankr.
D.P.R. Case No. 15-10240) on Dec. 24, 2015, estimating less than
$1 million in assets and debt.  The Debtor is represented by
Alexis A. Betancourt Vincentry, Esq., at Lugo Mender Group LLC.


VEGA ALTA: U.S. Trustee Directed to Appoint PCO
-----------------------------------------------
Judge Mildred Caban Flores of the U.S. Bankruptcy Court for the
District of Puerto Rico entered an Order on November 29, 2016,
directing the U.S. Trustee to appoint a Patient Care Ombudsman for
Vega Alta Community Health, Inc.

Judge Flores noted that the Order is due on December 20, 2016,
unless the U.S. Trustee and/or the debtor in possession inform the
court in writing, within 21 days, why the appointment of an
ombudsman is not necessary for the protection of the patients.

                       About Vega Alta

Vega Alta Community Health, Inc., based in Catano, PR, filed a
Chapter 11 petition (Bankr. D.P.R. Case No. 16-08128) on October
11, 2016. Jaime Rodriguez Perez, at Jaime Rodriguez Law Office,
PSC, serves as bankruptcy counsel. In its petition, the Debtor
listed $25,582 in assets and $1.47 million in liabilities. The
petition was signed by Luis M Gonzalez Bermudez, president.


UROTECH INC: Hires Homel Mercado as Attorney
--------------------------------------------
UROTECH Inc., seeks authorization from the U.S. Bankruptcy Court
for the District of Puerto Rico to employ Homel Mercado Justiniano
as attorney.

The Debtor requires Homel Mercado to:

      a. examine the documents of the debtor and other necessary
information to submit the Schedules and the Statement of Financial
Affairs;

      b. prepare the Disclosure Statement, Plan of Reorganization,
records and reports as required by the Bankruptcy Code and the
Federal Rules of Bankruptcy Procedure.

      c. prepare applications and proposed orders to be submitted
to the Court;

      d. identify and prosecute claims and causes of action assert
able by the debtor-in-possession on behalf of the estate herein;

      e. examine proofs of claim filed and file the case herein
and
object to certain of such claims;

      f. advise the debtor-in-possession and prepare documents in
connection with the ongoing operation of the Debtor's business;

      g. advise the debtor-in-possession and prepare documents in
connection with the liquidation of the assets of the estate, if
needed, including analysis and collection of outstanding
receivables;

       h. assist and advise the debtor-in-possession in the
discharge of any and all the duties imposed by the applicable
dispositions of the Bankruptcy Code and the Federal Rules of
Bankruptcy Procedure.

Homel Mercado will be paid at these hourly rates:

       Homel Mercado Justiniano, Esq.      $225
       Associates                          $125
       Paralegal                            $50

Homel Mercado received from the Debtor the amount of $15,000.00
for services to be rendered in connection with the litigation of
all related matters in the case.

Homel Mercado Justiniano, Esq., assured the Court that he 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.

Homel Mercado may be reached at:

     Homel A. Mercado-Justiniano, Esq.
     Calle Ramirez Silva, Esq.
     Ensanche Martinez, Esq.
     HOMEL MERCADO JUSTINIANO
     Mayaguez, PR 00680-4714
     Tel: (787) 831-2577/ 805-2945
     Faz: (787) 805-7350
     Cel: (787) 364-3188
     Email: hmjlaw2@gmail.com

                 About Urotech Inc.

Urotech Inc. filed a Chapter 11 bankruptcy petition (Bankr. D.P.R.
Case No. 16-09225) on November 21, 2016.  Homel Mercado
Justiniano, Esq. serves as bankruptcy counsel.

The Debtor's assets and liabilities are both below $1 million.


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


* BOND PRICING: For the Week From Dec. 5 to Dec. 9, 2016
---------------------------------------------------------

Issuer Name                  Cpn   Price   Maturity  Country  Curr
-----------                  ---   -----   --------  -------   ---
Andino Investment Holding     11   70.85  11/13/2020   PE     USD
Andino Investment Holding     11   68.88  11/13/2020   PE     USD
Anton Oilfield Services G     7.5  69.03   11/6/2018   CN     USD
Anton Oilfield Services G     7.5     66   11/6/2018   CN     USD
BA-CA Finance Cayman 2 Lt   0.719   38.5               KY     EUR
BA-CA Finance Cayman Ltd    0.749  38.93               KY     EUR
Banco do Brasil SA/Cayman    6.25  62.84               KY     USD
Banco do Brasil SA/Cayman    6.25  59.51               KY     USD
BPI Capital Finance Ltd      2.29     40               KY     EUR
CA La Electricidad de Car     8.5  43.75   4/10/2018   VE     USD
Chile Government Internat   3.625   15.7  10/30/2042   CL     USD
CSN Islands XI Corp         6.875  61.25   9/21/2019   KY     USD
CSN Islands XI Corp         6.875  61.13   9/21/2019   KY     USD
CSN Islands XII Corp            7   48.8               BR     USD
CSN Islands XII Corp            7  47.75               BR     USD
Decimo Primer Fideicomiso    4.54  59.75  10/25/2041   PA     USD
Decimo Primer Fideicomiso       6  71.38  10/25/2041   PA     USD
Ecuador Government Domest    8.45   70.8    2/6/2034   EC     USD
Ecuador Government Domest    8.45  69.35   9/10/2034   EC     USD
Ecuador Government Domest    8.45  70.42    4/2/2034   EC     USD
Ecuador Government Domest    8.45  69.72   7/17/2034   EC     USD
Ecuador Government Domest    8.45  69.71   5/30/2034   EC     USD
Ecuador Government Domest    8.45  69.23   9/30/2034   EC     USD
Ecuador Government Domest    8.45  70.52   3/19/2034   EC     USD
Ecuador Government Domest    7.75  74.84  12/19/2028   EC     USD
Ecuador Government Domest    8.45  69.94   6/12/2034   EC     USD
Ecuador Government Domest    8.45  69.95   6/11/2034   EC     USD
Ecuador Government Domest    8.45  69.82    7/1/2034   EC     USD
Ecuador Government Domest     7.7  73.56    7/1/2029   EC     USD
Ecuador Government Domest     7.7  72.94   9/10/2029   EC     USD
Ecuador Government Domest    7.75  74.95   11/8/2028   EC     USD
Ecuador Government Domest     7.7  73.74   6/11/2029   EC     USD
Ecuador Government Domest     7.7  73.73   6/12/2029   EC     USD
Ecuador Government Domest     7.7  72.77   9/30/2029   EC     USD
Empresa de Telecomunicaci       7  71.24   1/17/2023   CO     COP
Empresa de Telecomunicaci       7  71.24   1/17/2023   CO     COP
ESFG International Ltd      5.753  0.883               KY     EUR
General Exploration Partn    11.5  36.75  11/13/2018   CA     USD
General Shopping Finance       10  60.55               KY     USD
General Shopping Finance       10  60.63               KY     USD
Global A&T Electronics Lt      10  70.88    2/1/2019   SG     USD
Global A&T Electronics Lt      10  71.88    2/1/2019   SG     USD
Global A&T Electronics Lt      10   50.5    2/1/2019   SG     USD
Global A&T Electronics Lt      10     54    2/1/2019   SG     USD
Glorious Property Holding   13.25  74.56    3/4/2018   HK     USD
Gol Finance Inc              9.25  47.35   7/20/2020   BR     USD
Gol Finance Inc              8.75  37.75               BR     USD
Gol Finance Inc               7.5     61    4/3/2017   BR     USD
Gol Finance Inc               7.5  59.38    4/3/2017   BR     USD
Gol Finance Inc               7.5  59.38    4/3/2017   BR     USD
Gol Finance Inc              9.25  43.38   7/20/2020   BR     USD
Gol Finance Inc              8.75  36.88               BR     USD
Green Dragon Gas Ltd           10  63.75  11/20/2017   HK     USD
Greenfields Petroleum Cor       9  11.35   5/31/2017   US     CAD
Honghua Group Ltd            7.45  58.25   9/25/2019   CN     USD
Honghua Group Ltd            7.45     58   9/25/2019   CN     USD
Inversora Electrica de Bu     6.5   59.5   9/26/2017   AR     USD
MIE Holdings Corp             7.5  67.25   4/25/2019   HK     USD
MIE Holdings Corp             7.5  68.58   4/25/2019   HK     USD
NB Finance Ltd/Cayman Isl    3.38  60.22    2/7/2035   KY     EUR
Newland International Pro     9.5  24.13    7/3/2017   PA     USD
Newland International Pro     9.5  25.13    7/3/2017   PA     USD
Noble Holding Internation     6.2  65.42    8/1/2040   KY     USD
Noble Holding Internation    6.05  66.38    3/1/2041   KY     USD
Noble Holding Internation    5.25  64.71   3/15/2042   KY     USD
Ocean Rig UDW Inc            7.25  57.75    4/1/2019   CY     USD
Ocean Rig UDW Inc            7.25     55    4/1/2019   CY     USD
Odebrecht Drilling Norbe     6.35     27   6/30/2021   KY     USD
Odebrecht Drilling Norbe     6.35   28.5   6/30/2021   KY     USD
Odebrecht Finance Ltd         7.5     40               KY     USD
Odebrecht Finance Ltd       4.375  37.23   4/25/2025   KY     USD
Odebrecht Finance Ltd       7.125   33.5   6/26/2042   KY     USD
Odebrecht Finance Ltd        5.25   34.5   6/27/2029   KY     USD
Odebrecht Finance Ltd       5.125     36   6/26/2022   KY     USD
Odebrecht Finance Ltd        8.25     35   4/25/2018   KY     BRL
Odebrecht Finance Ltd           7   53.5   4/21/2020   KY     USD
Odebrecht Finance Ltd           6  41.51    4/5/2023   KY     USD
Odebrecht Finance Ltd        5.25     36   6/27/2029   KY     USD
Odebrecht Finance Ltd       4.375     36   4/25/2025   KY     USD
Odebrecht Finance Ltd       7.125  33.75   6/26/2042   KY     USD
Odebrecht Finance Ltd         7.5   42.5               KY     USD
Odebrecht Finance Ltd        8.25     35   4/25/2018   KY     BRL
Odebrecht Finance Ltd       5.125  35.38   6/26/2022   KY     USD
Odebrecht Finance Ltd           6  38.88    4/5/2023   KY     USD
Odebrecht Finance Ltd           7     44   4/21/2020   KY     USD
Odebrecht Offshore Drilli    6.75     17   10/1/2022   KY     USD
Odebrecht Offshore Drilli   6.625     17   10/1/2022   KY     USD
Odebrecht Offshore Drilli    6.75  17.38   10/1/2022   KY     USD
Odebrecht Offshore Drilli   6.625  17.38   10/1/2022   KY     USD
Petroleos de Venezuela SA    5.25   67.5   4/12/2017   VE     USD
Petroleos de Venezuela SA   12.75   56.1   2/17/2022   VE     USD
Petroleos de Venezuela SA       9  49.38  11/17/2021   VE     USD
Petroleos de Venezuela SA    9.75  44.57   5/17/2035   VE     USD
Petroleos de Venezuela SA       6   38.5   5/16/2024   VE     USD
Petroleos de Venezuela SA       6  36.75  11/15/2026   VE     USD
Petroleos de Venezuela SA   5.375     37   4/12/2027   VE     USD
Petroleos de Venezuela SA     5.5  36.75   4/12/2037   VE     USD
Petroleos de Venezuela SA       6  32.13  10/28/2022   VE     USD
Petroleos de Venezuela SA       6   36.4  11/15/2026   VE     USD
Petroleos de Venezuela SA       6  35.35   5/16/2024   VE     USD
Petroleos de Venezuela SA    9.75   41.7   5/17/2035   VE     USD
Petroleos de Venezuela SA       9  45.25  11/17/2021   VE     USD
Petroleos de Venezuela SA   12.75  46.15   2/17/2022   VE     USD
Polarcus Ltd                  5.6  44.93   3/30/2022   AE     USD
Provincia de Rio Negro     1.6148     62    5/4/2024   AR     ARS
PSOS Finance Ltd            11.75  60.13   4/23/2018   KY     USD
Republic of Ecuador Minis    8.45  69.22   9/30/2034   EC     USD
Republic of Ecuador Minis    7.75  74.88  12/19/2028   EC     USD
Republic of Ecuador Minis     7.7   73.6    7/1/2029   EC     USD
Republic of Ecuador Minis    7.75  74.99   11/8/2028   EC     USD
Republic of Ecuador Minis    8.45  69.22   9/30/2034   EC     USD
Republic of Ecuador Minis     7.7  73.77   6/12/2029   EC     USD
Republic of Ecuador Minis    8.45  69.39   9/10/2034   EC     USD
Republic of Ecuador Minis    8.45  69.75   7/17/2034   EC     USD
Republic of Ecuador Minis    8.45  69.39   9/10/2034   EC     USD
Republic of Ecuador Minis     7.7  72.81   9/30/2029   EC     USD
Republic of Ecuador Minis     7.7  73.78   6/11/2029   EC     USD
Republic of Ecuador Minis     7.7   73.6    7/1/2029   EC     USD
Republic of Ecuador Minis    8.45  69.98   6/11/2034   EC     USD
Republic of Ecuador Minis    8.45  69.98   6/11/2034   EC     USD
Republic of Ecuador Minis     7.7  73.77   6/12/2029   EC     USD
Republic of Ecuador Minis     7.7  72.99   9/10/2029   EC     USD
Republic of Ecuador Minis    8.45  69.97   6/12/2034   EC     USD
Republic of Ecuador Minis    7.75  74.88  12/19/2028   EC     USD
Republic of Ecuador Minis    8.45  70.84    2/6/2034   EC     USD
Republic of Ecuador Minis    8.45  70.55   3/19/2034   EC     USD
Republic of Ecuador Minis    8.45  69.85    7/1/2034   EC     USD
Republic of Ecuador Minis    8.45  70.45    4/2/2034   EC     USD
Republic of Ecuador Minis     7.7  72.81   9/30/2029   EC     USD
Republic of Ecuador Minis    8.45  69.75   7/17/2034   EC     USD
Republic of Ecuador Minis    8.45  69.74   5/30/2034   EC     USD
Republic of Ecuador Minis    8.45  69.97   6/12/2034   EC     USD
Republic of Ecuador Minis    7.75  74.99   11/8/2028   EC     USD
Republic of Ecuador Minis    8.45  69.85    7/1/2034   EC     USD
Republic of Ecuador Minis    8.45  70.45    4/2/2034   EC     USD
Republic of Ecuador Minis    8.45  69.74   5/30/2034   EC     USD
Republic of Ecuador Minis     7.7  73.78   6/11/2029   EC     USD
Republic of Ecuador Minis    8.45  70.84    2/6/2034   EC     USD
Republic of Ecuador Minis     7.7  72.99   9/10/2029   EC     USD
Republic of Ecuador Minis    8.45  70.55   3/19/2034   EC     USD
Samarco Mineracao SA        4.125  37.25   11/1/2022   BR     USD
Samarco Mineracao SA         5.75   36.6  10/24/2023   BR     USD
Samarco Mineracao SA        5.375  35.38   9/26/2024   BR     USD
Samarco Mineracao SA        4.125  37.38   11/1/2022   BR     USD
Samarco Mineracao SA         5.75  39.63  10/24/2023   BR     USD
Samarco Mineracao SA        5.375  37.25   9/26/2024   BR     USD
Siem Offshore Inc            5.69  52.25   1/30/2018   NO     NOK
Siem Offshore Inc            5.49  51.75   3/28/2019   NO     NOK
Transocean Inc               5.05  74.75  10/15/2022   KY     USD
Transocean Inc                6.8  63.66   3/15/2038   KY     USD
Transocean Inc                7.5  65.78   4/15/2031   KY     USD
Transocean Inc                9.1  70.41  12/15/2041   KY     USD
Transocean Inc               7.45   74.9   4/15/2027   KY     USD
Transocean Inc                  8  73.55   4/15/2027   KY     USD
Uruguay Notas del Tesoro     5.25  61.99  12/29/2021   UY     UYU
US Capital Funding IV Ltd 0.99305  43.92   12/1/2039   KY     USD
US Capital Funding IV Ltd 0.99305  43.92   12/1/2039   KY     USD
Venezuela Government Inte    9.25  49.03   9/15/2027   VE     USD
Venezuela Government Inte   11.75   49.5  10/21/2026   VE     USD
Venezuela Government Inte   11.95   49.5    8/5/2031   VE     USD
Venezuela Government Inte    7.75  47.38  10/13/2019   VE     USD
Venezuela Government Inte  13.625  65.25   8/15/2018   VE     USD
Venezuela Government Inte   9.375  45.85   1/13/2034   VE     USD
Venezuela Government Inte       7  52.85   12/1/2018   VE     USD
Venezuela Government Inte       7     42   3/31/2038   VE     USD
Venezuela Government Inte       9   45.5    5/7/2023   VE     USD
Venezuela Government Inte    9.25   45.5    5/7/2028   VE     USD
Venezuela Government Inte    8.25  44.38  10/13/2024   VE     USD
Venezuela Government Inte       6   43.5   12/9/2020   VE     USD
Venezuela Government Inte  13.625   56.5   8/15/2018   VE     USD
Venezuela Government Inte    7.65  43.25   4/21/2025   VE     USD
Venezuela Government Inte  13.625  59.69   8/15/2018   VE     USD
Venezuela Government Inte   12.75   53.5   8/23/2022   VE     USD
Venezuela Government TICC    5.25  53.23   3/21/2019   VE     USD
VRG Linhas Aereas SA        10.75  25.63   2/12/2023   BR     USD
VRG Linhas Aereas SA        10.75  25.63   2/12/2023   BR     USD
XLIT Ltd                      6.5     70               IE     USD



                            ***********


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
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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,
contact Peter A. Chapman at 215-945-7000 or Nina Novak at
202-362-8552.


                   * * * End of Transmission * * *