TCRLA_Public/181030.mbx         T R O U B L E D   C O M P A N Y   R E P O R T E R

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

               Tuesday, October 30, 2018, Vol. 19, No. 215


                            Headlines



A R G E N T I N A

ARGENTINA: IMF Approves US$5.7 Billion Disbursement


B R A Z I L

JBS SA: Discloses Results Relating to JBS Investments 2020 Notes
OI SA: Portuguese Court Recognizes Firm Recovery Plan


D O M I N I C A N   R E P U B L I C

DOMINICAN REPUBLIC: Boasts a US$20.0B-Strong Securities Market


P U E R T O    R I C O

4J CUSTOM DESIGN: Seeks to Hire Hatillo Law as Attorney
APB IMPORTS: Dec. 18 Hearing on Disclosure Statement Set
AMERICAN GAMING: Taps Porzio Bromberg as Legal Counsel
BENEFIT CONSULTING: Taps WRV Legal Strategies as Counsel
DEL MAR ENTERPRISES: Taps Jimenez Vazquez as Accountant

FNJCC CORP: Taps Modesto Bigas Law Office as Legal Counsel
RELIANCE MANUFACTURING: Taps MRO Attorneys at Law as Legal Counsel


                            - - - - -


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A R G E N T I N A
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ARGENTINA: IMF Approves US$5.7 Billion Disbursement
----------------------------------------------------
The Executive Board of the International Monetary Fund (IMF)
completed the first review of Argentina's economic performance
under the 36-month Stand-By Arrangement (SBA) that was approved on
June 20, 2018.

The completion of the review allows the authorities to draw the
equivalent of about US$5.7 billion (SDR4.10 billion), bringing
total disbursements since June to about US$20.4 billion (SDR 14.71
billion). The Board also approved an augmentation of the Stand-By
Arrangement to increase access to about US$56.3 billion
(equivalent to SDR 40.71 billion or 1,277 percent of quota)[1].
The authorities have requested the use of this IMF financing as
budget support.

Argentina's strengthened economic plan aims to bolster confidence
and stabilize the economy through a reduction in the budget
deficit, the adoption of a simpler monetary policy framework, and
freely floating the exchange rate (with foreign currency
intervention limited to cases of an extreme overshooting of the
currency). Protecting the most vulnerable in Argentina continues
to be a central component of the authorities' efforts including by
prioritizing social assistance spending and planning for an
increase in spending on social assistance programs in the event
that social conditions deteriorate.

Following the Executive Board discussion of Argentina's economic
plan, Ms. Christine Lagarde, the IMF's Managing Director, stated:

"Argentina has faced difficult market conditions but the
authorities have remained steadfastly committed to the Stand-By
Arrangement's main policy objectives to address longstanding
vulnerabilities, protect the vulnerable, ensure that the public
debt remains sustainable, reduce inflation, and foster growth and
job creation.

"To achieve these goals, the authorities have redoubled their
reform efforts by accelerating the reduction in the fiscal deficit
to reach primary balance in 2019 and achieve a primary surplus
starting in 2020. The 2019 budget, which is anchored by this
target, has been approved by the Lower House. Its passage into law
will be key to restoring confidence and ensuring policy
continuity.

"The authorities have redesigned their monetary policy framework
with strict limits on the growth in the monetary base. This
framework is expected to provide a simpler and more effective
anchor that will decisively lower inflation and inflation
expectations.

"The authorities are allowing the currency to freely float.
However, in the event that there is a significant overshooting of
the exchange rate, the Central Bank is prepared to intervene in a
limited, simple, and rules-based way.

"The program continues to emphasize improving gender equality,
protecting society's most vulnerable, and laying the foundation
for growth and job creation. The authorities have already taken
measures to increase social assistance programs and have
prioritized social assistance and childcare spending in the 2019
Budget.

"Despite the challenging environment the government has
proactively strengthened its policy plans. Important challenges
remain. However, full implementation of the policies that underpin
the Stand-By Arrangement, together with strong support from the
international community, should allow the country to return to
macroeconomic stability and fulfill its full economic potential,
for the benefit of all Argentines."

Annex

The main elements of Argentina's revised economic plan are
summarized below:

Fiscal Policy: The authorities are fully committed to reducing the
federal government's financing needs and placing public debt on a
firm downward path. They aim to strengthen the country's fiscal
position by achieving a primary balance in 2019 and primary
surpluses starting in 2020. To this end, the government is seeking
support in the Argentine Congress for revenue-enhancing and cost-
cutting measures that include: introducing taxes on exports,
increasing the wealth tax, scaling back inefficient energy
subsidies, reprioritizing capital spending, and improving the
structure of federal transfers to provinces.

Monetary Policy: To decisively reduce inflation, the Central Bank
will shift toward a stronger, simpler, and more verifiable
monetary policy regime, temporarily replacing the inflation
targeting regime with a monetary base target. At the center of the
new framework is a commitment to cap the growth of money to zero
percent per month (calculated as the change in the monthly
average) until June 2019, with the aim of decisively bringing down
inflation and inflation expectations. This framework is
supplemented by a commitment not to allow short-term rates to fall
below 60 percent until 12-month inflation expectations decisively
fall for at least two consecutive months.

Exchange Rate Policy: The Central Bank of Argentina (BCRA) has
adopted a floating exchange rate regime without intervention.
However, in the event of extreme overshooting of the exchange
rate, the BCRA may conduct limited intervention in foreign
exchange markets to prevent disorderly market conditions. Such
intervention would be unsterilized.

Social Protection and Gender Equality. The draft federal budget
strengthens the social safety net. The floor on social assistance
spending and the framework for adjusting social spending will be
maintained. The draft budget increases social spending and
preserves health spending (while better targeting health outlays
to the most vulnerable). It also includes a 12 percent expansion
of public childcare in an effort to raise female labor force
participation (particularly for lower income households). With the
support of the World Bank, the National Social Security
Administration (ANSES) will continue to improve targeting and
expand coverage of the universal child allowance (AUH). Finally,
the government has also developed a system to improve the
monitoring of social conditions to better respond to emerging
needs of low income households.

Augmentation and Re-phasing of Fund Resources. Under the revised
arrangement, Fund resources for Argentina in 2018-19 have
increased by US$19 billion. A total of about US$ 56.3 billion
would be made available to Argentina for the duration of the
program through 2021.Fund disbursements for the remainder of 2018
would more than double compared to the original Fund-supported
program, to a total of US$13.4 billion (on top of the US$15
billion already disbursed). Planned disbursements in 2019 are also
nearly doubled, to US$22.8 billion, with US$5.9 billion planned
for 2020-21. The resources available in the program are no longer
expected to be treated as precautionary and the authorities have
requested the use of the IMF financing for budget support.

As previously in the Troubled Company Reporter-Latin America, S&P
Global Ratings placed on Aug. 31, 2018, its 'B+' long-term and 'B'
short-term sovereign credit ratings on Argentina on CreditWatch
with negative implications. At the same time, S&P placed its
'raAA' national scale rating on CreditWatch negative and affirmed
its 'BB-' transfer and convertibility assessment.  The CreditWatch
negative reflects the risk of worsening creditworthiness due to
potentially weakened implementation of the government's strategy
to stabilize the economy. Exchange rate volatility, as shown by
recent pressure on the Argentine currency, could jeopardize the
effective implementation of economic adjustment measures, absent
further steps to boost investor confidence.  Consequently, S&P
Global Ratings corrected its short-term ratings on Argentina
by removing them from CreditWatch with negative implications.

Fitch Ratings affirmed on May 8, 2018, Argentina's Long-Term
Foreign-Currency Issuer Default Rating (IDR) at 'B' and revised
the Outlook to Stable from Positive.

On December 4, 2017, Moody's Investors Service upgraded the
Government of Argentina's local and foreign currency issuer and
senior unsecured ratings to B2 from B3. The senior unsecured
shelves were upgraded to (P)B2 from (P)B3. The outlook on the
ratings is stable.  At the same time, Argentina's short-term
rating was affirmed at Not Prime (NP). The senior unsecured
ratings for unrestructured debt were affirmed at Ca and the
unrestructured senior unsecured shelf affirmed at (P)Ca.

As previously reported by the TCR-LA, Argentina defaulted on some
of its debt late July 30, 2014, after expiration of a 30- grace
period on a US$539 million interest payment.  Earlier, talks with
a court-appointed mediator ended without resolving a standoff
between the country and a group of hedge funds seeking full
payment on bonds that the country had defaulted on in 2001.
A U.S. judge had ruled that the interest payment couldn't be made
unless the hedge funds led by Elliott Management Corp., got the
US$1.5 billion they claimed. The country hasn't been able to
access international credit markets since its US$95 billion
default 13 years ago. On March 30, 2016, Argentina's Congress
passed a bill that will allow the government to repay holders of
debt that the South American country defaulted on in 2001,
including a group of litigating hedge funds that won judgments
in a New York court. The bill passed by a vote of 54-16.



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B R A Z I L
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JBS SA: Discloses Results Relating to JBS Investments 2020 Notes
----------------------------------------------------------------
JBS S.A. and JBS USA Lux S.A. disclosed the early tender results
in connection with:

  (i) JBS Investments GmbH's ("JBS Investments") previously
      announced offer to purchase for cash (the "2020 Notes Tender
      Offer") and consent solicitation (the "2020 Notes Consent
      Solicitation") with respect to any and all of its
      outstanding US$1,000,000,000 aggregate principal amount of
      7.750% Senior Notes due 2020 (the "2020 Notes") and

(ii) JBS USA Food Company's ("JBS USA Food") previously announced
      offer to purchase for cash (the "2021 Notes Tender Offer";

and together with the 2020 Notes Tender Offer, the "Tender") for
up to U.S.$500,000,000 (the "Maximum Tender Amount") of the
outstanding U.S.$1,150,000,000 aggregate principal amount of
7.250% Senior Notes due 2021 of JBS USA, JBS USA Food and JBS USA
Finance, Inc. (the "2021 Notes"; and together with the 2020 Notes,
the "Notes"), respectively.

The terms and conditions of the Tender Offers and the 2020 Notes
Consent Solicitation are described in the Offer to Purchase and
Consent Solicitation Statement, dated October 12, 2018, and the
related Letter of Transmittal and Consent (together, the "Offer
Documents") previously distributed to holders of the Notes.

JBS has been advised that as of 5:00 p.m., New York City time, on
October 25, 2018 (such date and time, the "Early Tender Payment
Deadline"), US$675,519,000 in aggregate principal amount of the
2020 Notes, representing 67.55% of the outstanding 2020 Notes, had
been validly tendered (and not validly withdrawn) pursuant to the
2020 Notes Tender Offer and consents delivered pursuant to the
2020 Notes Consent Solicitation. JBS Investments intends to
purchase all 2020 Notes validly tendered (and not validly
withdrawn) at or prior to the Early Tender Payment Deadline, with
such settlement date expected to be on October 26, 2018 (the "2020
Notes Early Settlement Date").

JBS USA has been advised that as of the Early Tender Payment
Deadline, US$487,943,000 in aggregate principal amount of the 2021
Notes, representing 42.43% of the outstanding 2021 Notes, had been
validly tendered (and not validly withdrawn) pursuant to the 2021
Notes Tender Offer.  Since the aggregate principal amount of the
2021 Notes validly tendered (and not validly withdrawn) in the
2021 Notes Tender Offer at or prior to the Early Tender Payment
Deadline did not exceed the Maximum Tender Amount, JBS USA Food
intends to purchase all 2021 Notes validly tendered (and not
validly withdrawn) at or prior to the Early Tender Payment
Deadline, with such settlement date expected to be on October 29,
2018 (the "2021 Notes Early Settlement Date").

The total consideration payable to 2020 Notes Holders for each
U.S.$1,000 principal amount of 2020 Notes validly tendered at or
prior to the Early Tender Payment Deadline and purchased pursuant
to the 2020 Notes Tender Offer will be US$1,023.13 (the "2020
Notes Total Consideration"). The 2020 Notes Total Consideration
includes an early tender payment of US$30.00 per U.S.$1,000
principal amount of 2020 Notes (the "2020 Notes Early Tender
Payment"), plus accrued and unpaid interest up to, but not
including,the 2020 Notes Early Settlement Date, payable only to
2020 Notes Holders who validly tender (and do not withdraw) their
2020 Notes and validly deliver (and do not revoke) the related
2020 Notes consents at or prior to the Early Tender Payment
Deadline.  JBS Investments intends to execute a supplemental
indenture (the "2020 Notes Supplemental Indenture") to the
indenture governing the 2020 Notes (the "2020 Notes Indenture"),
which will (i) eliminate substantially all of the restrictive
covenants and certain events of default and related provisions
contained in the applicable indenture governing the 2020 Notes and
(ii) reduce the minimum required notice period for the redemption
of 2020 Notes from 30 days to three days prior to the date fixed
for redemption. Adoption of the proposed amendments (the "Proposed
Amendments") to the 2020 Notes Indenture requires consents of
holders of a majority in aggregate principal amount of the 2020
Notes outstanding (excluding any 2020 Notes owned by JBS or any of
its affiliates).  JBS Investments has obtained the requisite
consents for the Proposed Amendments to the 2020 Notes Indenture.
Any 2020 Notes not tendered and purchased pursuant to the 2020
Notes Tender Offer will remain outstanding and will be governed by
the terms of the 2020 Notes Indenture,as amended by the 2020 Notes
Supplemental Indenture.

The total consideration payable to 2021 Notes Holders for each
U.S.$1,000 principal amount of 2021 Notes validly tendered at or
prior to the Early Tender Payment Deadline and purchased pursuant
to the 2021 Notes Tender Offer will be U.S.$1,013.75 (the "2021
Notes Total Consideration"). The 2021 Notes Total Consideration
includes an early tender payment of US$30.00 per U.S.$1,000
principal amount of 2021 Notes (the "2021 Notes Early Tender
Payment"; and together with the 2020 Notes Early Tender Payment,
the "Early Tender Payment"), plus accrued and unpaid interest up
to, but not including, the 2021 Notes Early Settlement Date,
payable only to 2021 Notes Holders who validly tender (and do not
withdraw) their 2021 Notes at or prior to the Early Tender Payment
Deadline.

Holders who have not yet tendered their Notes have until 11:59
P.M., New York City time, on November 8, 2018, unless extended by
JBS Investments or JBS USA Food, as applicable (such time and
date, as it may be extended, the "Expiration Time") to tender
their Notes pursuant to the applicable Tender Offer.  Holders of
Notes who validly tender their Notes after the Early Tender
Payment Deadline but at or prior to the Expiration Time will not
be entitled to receive the Early Tender Payment and will therefore
be entitled to receive only the applicable Tender Offer
Consideration, as described in the Offer Documents, plus accrued
and unpaid interest up to, but not including, the Final Settlement
Date.  In addition, holders of 2021 Notes who validly tender 2021
Notes after the Early Tender Payment Deadline but at or prior to
the Expiration Time may be subject to proration, as described in
the Offer Documents.

Copies of the Offer Documents are available to holders of Notes
from D.F. King & Co., Inc., the information agent and the tender
agent for the Tender Offers and the 2020 Notes Consent
Solicitation.  Requests for copies of the Offer Documents should
be directed to D.F. King at (877)283-0323 (toll free),
(212)269-5550 (collect) or jbs@dfking.com

Barclays Capital Inc., Banco Bradesco BBI S.A., Banco BTG Pactual
S.A.-Cayman Branch, BB Securities Limited and Santander Investment
Securities Inc. are acting as dealer managers for the Tender
Offers and the solicitation agents for the 2020 Notes Consent
Solicitation

JBS' obligation to accept for purchase, and to pay for, Notes
validly tendered and not validly withdrawn pursuant to the Tender
Offers is conditioned upon the satisfaction or, when applicable,
waiver of certain conditions, which are more fully described in
the Offer Documents, including, among others, a financing
condition as described in the Offer Documents. In addition,
subject to applicable law, JBS reserves the right, in its sole
discretion, to not accept any tenders of or deliveries of consents
for any reason. JBS is making the Tender Offers only in those
jurisdictions where it is legal to do so.

Neither the Offer Documents nor any related documents have been
filed with the U.S. Securities and Exchange Commission, nor have
any such documents been filed with or reviewed by any federal or
state securities commission or regulatory authority of any
country. No authority has passed upon the accuracy or adequacy of
the Offer Documents or any related documents, and it is unlawful
and may be a criminal offense to make any representation to the
contrary.

The Tender Offers and the 2020 Notes Consent Solicitation are
being made solely on the terms and conditions set forth in the
Offer Documents. Under no circumstances shall this press release
constitute an offer to buy or the solicitation of an offer to sell
the Notes or any other securities of JBS or any of its
subsidiaries, including JBS Investments and JBS USA Food. The
Tender Offers and the 2020 Notes Consent Solicitation are not
being made to, nor will JBS accept tenders of Notes or accept
deliveries of 2020 Notes Consents from, holders in any
jurisdiction in which the Tender Offers and the 2020 Notes Consent
Solicitation or the acceptance thereof would not be in compliance
with the securities of blue sky laws of such jurisdiction. This
press release also is not a solicitation of consents to the
Proposed Amendments to the indenture governing the 2020 Notes. No
recommendation is made as to whether holders should tender their
Notes or deliver their consents with respect to the 2020 Notes.
Holders should carefully read the Offer Documents because they
contain important information, including the various terms and
conditions of the Tender Offers and the 2020 Notes Consent
Solicitation.

As reported in the Troubled Company Reporter-Latin America on
Oct. 22, 2018, Fitch Ratings has assigned an expected rating of
'BB-' to a proposed benchmark USD-denominated senior unsecured
notes issued by JBS Investments II GmbH, a wholly-owned subsidiary
of JBS S.A. (JBS). These notes will be unconditionally guaranteed
by JBS S.A. The notes will rank pari-passu with JBS's other
unsecured obligations. The proceeds are expected to be used to
refinance existing indebtedness including JBS's 2020 notes
pursuant to a cash tender offer.


OI SA: Portuguese Court Recognizes Firm Recovery Plan
-----------------------------------------------------
Gram Slattery at Reuters reports that a Portuguese court approved
a debt restructuring plan that was passed by creditors in major
Brazilian telecom firm Oi SA, marking a step forward in the
company's tortured bankruptcy recovery process.

With the court's approval, as seen by Reuters, bankruptcy courts
in all relevant jurisdictions -- Brazil, the United States, the
Netherlands, and now Portugal -- have signed off on the recovery
plan, which was approved by creditors in December, according to
Reuters.

In late July, Oi completed a debt-for-equity swap in which several
hedge funds swapped billions of dollars in debt for fresh equity
in the reorganized firm, Reuters relays.  The company, Brazil's
largest fixed-line telecom player, expects to receive a BRL4
billion (US$1.1 billion) capital injection in early 2019 to help
it boost capital expenditures and shore up its debt profile, the
report cites.

Oi is not out of the woods yet, Reuters says.  Earlier in October,
a Brazilian court cleared the way for arbitration talks between Oi
and shareholder Pharol SGPS SA overseen by Brazil's B3 SA stock
exchange operator, the report points out.

As reported on the Troubled Company Reporter-Latin America on
Sept. 27, 2018, S&P Global Ratings assigned its 'B' issue-level
rating to Oi S.A.'s (global scale: B/Stable/--; national scale:
brA/Stable/--) existing $1.6 billion senior unsecured notes due
2025. S&P also assigned a '4' recovery rating to the notes, which
indicates average recovery expectation of 30%-50% (rounded
estimate 40%) in the event of payment default.



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


DOMINICAN REPUBLIC: Boasts a US$20.0B-Strong Securities Market
--------------------------------------------------------------
Dominican Today reports that Finance minister Donald Guerrero
Ortiz affirmed that if a foreign investor buys Dominican bonds, it
is because of the country's legal guarantees, a stable securities
market, and it's over a decade-long fiscal and exchange stability.

"The Dominican securities market is an excellent financing option
for companies and the public sector, while serving as a channel
for national savings to finance productive activities and receive
an adequate return on their investment," the official said,
according to Dominican Today.

As an example of the purported stability, Mr. Guerrero revealed
that as of September 2018, Dominican Republic's securities market
holds nearly RD$1.0 trillion (US$20.0 billion) in instruments, or
24% of GDP, the report notes.

The report relays that Mr. Guerrero said the myriad benefits
derived from that growth are intimately linked to the legal
security and the fiscal and exchange stability.

In his opening remarks at the "International Forum of Issuers of
the Securities Markets of the Americas: Towards a diversified
portfolio of the region," the official said the dynamism of the
market's main indicators has gone hand in hand with a robust
Dominican economy, which he notes as proof of substantial
improvements in the last seven years, the report says.

"Today we see that the Dominican citizen, the small investor, has
a safe and affordable option to invest their savings. And we also
see that the foreign investor buys our bonds, in the Ministry of
Finance, and keeps them for several years," the report quoted Mr.
Guerrero as saying.

As reported in the Troubled Company Reporter-Latin America on
Sept. 24, 2018, Fitch Ratings affirmed Dominican Republic's
Long-Term, Foreign-Currency Issuer Default Rating (IDR) at 'BB-'
with a Stable Outlook.



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


4J CUSTOM DESIGN: Seeks to Hire Hatillo Law as Attorney
-------------------------------------------------------
4J Custom Design Inc. seeks authority from the U.S. Bankruptcy
Court for the District of Puerto Rico to employ Hatillo Law
Office, PSC, as attorney to the Debtor.

4J Custom Design requires Hatillo Law to:

   a. give the Debtor legal advice with respect to its powers and
      duties as debtor in possession in the continued operation
      of its business and management of its property;

   b. prepare on behalf of the Debtor as debtor in possession
      necessary applications, answers, orders, reports and other
      legal papers; and

   c. perform all other legal services for the Debtor as debtor
      in possession which may be necessary.

Hatillo Law will be paid at these hourly rates:

     Attorneys              $200
     Paralegals              $50

Hatillo Law will be paid a retainer in the amount of $4,000.

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

Jaime Rodriguez Perez, a partner at Hatillo Law Office, PSC,
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.

Hatillo Law can be reached at:

     Jaime Rodriguez Perez, Esq.
     HATILLO LAW OFFICE, PSC
     Carr. #2 Km. 85.8 Calle Marginal Bo.
     Hatillo, PR 00659
     Tel: (787) 262-4848
     E-mail: hatillolaw@yahoo.com

                   About 4J Custom Design Inc.

4J Custom Design Inc., filed a Chapter 11 bankruptcy petition
(Bankr. D.P.R. Case No. 18-05704) on Sept. 28, 2018, estimating
under $1 million in assets and liabilities.  Jaime Rodriguez
Perez, Esq., at Hatillo Law Office, PSC, is the Debtor's counsel.


APB IMPORTS: Dec. 18 Hearing on Disclosure Statement Set
--------------------------------------------------------
Bankruptcy Judge Enrique S. Lamoutte is set to hold a hearing on
Dec. 18, 2018 at 10:00 a.m. to consider and rule upon the adequacy
of APB Imports Inc. and Condado Realty Co. Inc.'s disclosure
statement.

Objections to the disclosure statement must be filed 14 days prior
to the hearing.

The Debtors have filed a motion to substantially consolidate their
bankruptcy cases.  On October 19, the Court granted the request
and cases 18-03273 and 18-03274 are substantively consolidated.

The Debtors intend to make payments to creditors through the Plan
primarily consisting of:

   1. Payment of all administrative expenses on the later of the
      Effective Date and the date the Administrative Claims become
      allowed.

   2. Payment of the secured portion of MR Condado's claim through
      the transfer of the Debtors' realties.

   3. Pro-rata distribution to unsecured creditors of the
      remaining of the $20,000 carve out to be provided by MR
      Condado on the Effective Date.

The Plan will be funded from $20,000 carve out to be provided by
MR Condado.

A copy of the Disclosure Statement from PacerMonitor.com is
available at https://tinyurl.com/yapaulrx at no charge.

                     APB Imports Inc.

APB Imports, Inc. and its affiliate Condado Realty Co. are lessors
of real estate based in San Juan, Puerto Rico.

APB Imports and Condado Realty sought protection under Chapter 11
of the Bankruptcy Code (Bankr. D.P.R. Case Nos. 18-03273 and
18-03274) on June 10, 2018.

In the petitions signed by Aurora M. Ray Chacon, secretary, APB
Imports estimated assets of $1 million to $10 million and
liabilities of $1 million to $10 million.  Condado Realty
estimated $1 million to $10 million in assets and liabilities.

The Debtor hired Fuentes Law Offices, LLC, as its legal counsel.


AMERICAN GAMING: Taps Porzio Bromberg as Legal Counsel
------------------------------------------------------
American Gaming & Electronics, Inc., and AG&E Holdings Inc. seek
approval from the U.S. Bankruptcy Court for the District of New
Jersey to hire Porzio, Bromberg & Newman, P.C. as its legal
counsel.

The firm will advise the Debtors regarding their duties under the
Bankruptcy Code; assist in the negotiation of and documentation of
post-petition financing, the use of cash collateral, debt
restructuring and related transactions; review the nature and
validity of agreements relating to the Debtors' business or the
liens asserted against them; assist in the preparation of a plan
of reorganization; and provide other legal services related to
their Chapter 11 cases.

The hourly rates range from $340 to $815 for attorneys and from
$180 to $240 for paraprofessionals.  During the one year prior to
the petition date, Porzio received advanced retainers totaling
$75,000 for services provided and disbursements incurred through
the petition date.

Warren Martin Jr., a principal of Porzio, disclosed in a court
filing that he and his firm are "disinterested" as defined in
section 101(14) of the Bankruptcy Code.

Porzio can be reached through:

     Warren J. Martin Jr., Esq.
     Kelly D. Curtin, Esq.
     Rachel A. Parisi, Esq.
     Porzio, Bromberg & Newman, P.C.
     100 Southgate Parkway
     P.O. Box 1997
     Morristown, NJ 07962
     Phone: (973) 538-4006
     Fax: (973) 538-5146
     E-mail: wjmartin@pbnlaw.com
     E-mail: kdcurtin@pbnlaw.com
     E-mail: raparisi@pbnlaw.com

                       About American Gaming

Established in 1993, American Gaming & Electronics is a supplier
of gaming parts, used machines, and electronic components.  AG&E
is strategically located in Las Vegas, New Jersey and Florida.
Its distribution chain reaches the Caribbean & Puerto Rico, Canada
and Europe.

American Gaming & Electronics Inc. and its subsidiary AG&E
Holdings Inc. filed for bankruptcy protection (Bankr. D.N.J. Lead
Case No. 18-30507) on Oct. 15, 2018.  The petitions were signed by
Anthony R. Tomasello, president and chief executive officer.  The
Hon. Andrew B. Altenburg Jr. presides over the cases.

American Gaming declared total assets of $945,220 and total
liabilities of $2,016,152.

The Debtors tapped Prozio, Bromberg & Newman P.C. as its counsel,
and Podium Strategies, LLC, as its financial advisor.


BENEFIT CONSULTING: Taps WRV Legal Strategies as Counsel
--------------------------------------------------------
Benefit Consulting Group of PR Inc. seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire WRV Legal
Strategies Group as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

William Rivera Velez, Esq., the WRV attorney who will be handling
the case, charges an hourly fee of $175.  Paralegals charge $75
per hour.

The Debtor paid the firm a retainer in the sum of $7,500.

Mr. Velez disclosed in a court filing that his firm is
"disinterested" as defined in Section 101(14) of the Bankruptcy
Code.

WRV can be reached through:

     William Rivera Velez, Esq.
     WRV Legal Strategies Group
     COSVI Office Complex
     Esq. Ave. Americo Miranda 400
     Edif. Original, Local B
     San Juan, PR 00927
     Tel: (787) 625-1948 / (787) 469-8913
     Fax: 787-625-1949
     E-mail: wrvlaw@gmail.com

           About Benefit Consulting Group of PR Inc.

Benefit Consulting Group of PR Inc. sought protection under
Chapter 11 of the Bankruptcy Code (Bankr. D.P.R. Case No. 18-
06051) on Oct. 16, 2018.  At the time of the filing, the Debtor
estimated assets of less than $1 million and liabilities of less
than $1 million. Judge Enrique S. Lamoutte Inclan presides over
the case.


DEL MAR ENTERPRISES: Taps Jimenez Vazquez as Accountant
-------------------------------------------------------
Del Mar Enterprises Inc. seeks approval from the U.S. Bankruptcy
Court for the District of Puerto Rico to hire Jimenez Vazquez &
Associates, PSC, as its accountant.

The firm will assist the Debtor in the preparation of its monthly
operating reports, financial projections and tax returns; provide
consulting services; assist in the preparation of a plan of
reorganization; and provide other accounting services related to
its Chapter 11 case.

Jose Victor Jimenez, a certified public accountant employed with
JVA, charges an hourly fee of $155.  The Debtor has agreed to pay
the firm a retainer in the sum of $1,000.

Mr. Jimenez disclosed in a court filing that he and other
employees of the firm are "disinterested" as defined in section
101(14) of the Bankruptcy Code.

The firm can be reached through:

     Jose Victor Jimenez
     Jimenez Vazquez & Associates, PSC
     Calle 8 D-1 Valparaiso
     Toa Baja, PR 00949
     Phone: 787.447.0098
     Fax: 1.831.309.7425 / 939.338.2362

                  About Del Mar Enterprises

Del Mar Enterprises Inc. is a real estate company that owns in fee
simple a commercial real estate located at Aguadilla, Puerto Rico,
consisting of a two-storey commercial building with an appraised
value of $1 million.  The company also owns a lot of land located
at Barrio Borinquen Aguadilla, Puerto Rico having an appraised
value of $100,000.  Del Mar Enterprises previously filed for
bankruptcy protection on April 9, 2013 (Bankr. D.P.R. Case No.
13-02735).

Del Mar Enterprises sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 18-05767) on Oct. 1, 2018.
In the petition signed by Edgardo L. Delgado Colon, president, the
Debtor disclosed $1,102,823 in assets and $2,166,875 in
liabilities.  Judge Mildred Caban Flores presides over the case.
The Debtor tapped C. Conde & Assoc. as its legal counsel.


FNJCC CORP: Taps Modesto Bigas Law Office as Legal Counsel
----------------------------------------------------------
FNJCC Corporation seeks approval from the U.S. Bankruptcy Court
for the District of Puerto Rico to hire Modesto Bigas Law Office
as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

Modesto Bigas Mendez, Esq., the attorney who will be handling the
case, charges an hourly fee of $250.  His firm received a retainer
in the sum of $10,000.

Mr. Mendez disclosed in a court filing that he is "disinterested"
as defined in section 101(14) of the Bankruptcy Code.

The firm can be reached through:

     Modesto Bigas Mendez, Esq.
     Modesto Bigas Law Office
     P.O. Box 7462
     Ponce, PR 00732-7462
     Phone: (787) 844-1444
     Email: modestobigas@yahoo.com

                     About FNJCC Corporation

FNJCC Corporation sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 18-05552) on Sept. 26,
2018.  At the time of the filing, the Debtor estimated assets of
less than $50,000 and liabilities of less than $500,000.  The
Debtor tapped Modesto Bigas Law Office as its legal counsel.


RELIANCE MANUFACTURING: Taps MRO Attorneys at Law as Legal Counsel
------------------------------------------------------------------
Reliance Manufacturing, Inc., seeks approval from the U.S.
Bankruptcy Court for the District of Puerto Rico to hire MRO
Attorneys at Law, LLC as its legal counsel.

The firm will advise the Debtor regarding its duties under the
Bankruptcy Code and will provide other legal services related to
its Chapter 11 case.

Myrna Ruiz-Olmo, Esq., and Tomas Blanco Perez, Esq., the attorneys
who will be handling the case, will charge $200 per hour and $150
per hour, respectively.

The Debtor paid the firm a retainer fee of $10,000 prior to its
bankruptcy filing.

Ms. Ruiz-Olmo disclosed in a court filing that she is
"disinterested" as defined in section 101(14) of the Bankruptcy
Code.

MRO can be reached through:

     Myrna L. Ruiz-Olmo
     MRO Attorneys at Law, LLC
     P.O. Box 367819
     San Juan, Puerto Rico 00936-7819
     Tel: (787)237-7440
     E-mail: mro@prbankruptcy.com

                 About Reliance Manufacturing

Reliance Manufacturing, Inc., is a privately-held home builder in
San Juan, Puerto Rico.

Reliance Manufacturing sought protection under Chapter 11 of the
Bankruptcy Code (Bankr. D.P.R. Case No. 18-05778) on Oct. 1, 2018.
In the petition signed by Gilberto Media Safon, president, the
Debtor disclosed $441,201 in assets and $2,788,977 in liabilities.
Judge Hon. Brian K. Tester presides over the case.  The Debtor
tapped MRO Attorneys at Law, LLC as its legal counsel.


                            ***********


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, Julie Anne L. Toledo, Ivy B. Magdadaro, and Peter A.
Chapman, Editors.

Copyright 2018.  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.
.


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