/raid1/www/Hosts/bankrupt/TCREUR_Public/070517.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
E U R O P E
Thursday, May 17, 2007, Vol. 8, No. 97
Headlines
A U S T R I A
AEX JSC: Claims Registration Period Ends June 7
COTTO-MARMOR LLC: Innsbruck Court Orders Business Shutdown
D G WOHNBAU: Claims Registration Period Ends June 1
EPSILON GEWERBEIMMOBILIEN: Claims Registration Ends June 19
HEKLI LLC: Vienna Court Orders Business Shutdown
HOLDING KSW: Claims Registration Period Ends June 19
OEKO FLOOR: Salzburg Court Orders Business Shutdown
B E L G I U M
DEXIA SA: US$60 Mln Suit Settlement Hearing Slated for June 22
F R A N C E
INFOR GLOBAL: Workbrain Purchase Cues S&P to Hold B- Rating
G E R M A N Y
AUTOHAUS LINDLAR: Claims Registration Period Ends June 4
AUTOHAUS WENKE: Claims Registration Period Ends May 29
BECKSCHULTE VERFAHRENSTECHNIK: Claims Registration Ends June 1
DAIMLERCHRYSLER AG: Cerberus Eyes US$17 Bln to Fund Chrysler Ops
DAIMLERCHRYSLER AG: No Acquisition Plans for Now, Zetsche Says
EDDIE BAUER: Posts US$44.8 Mln Net Loss in First Quarter 2007
EUS EDV-INSTALLATIONEN: Claims Registration Period Ends July 5
FAIR-BAU GMBH: Claims Registration Period Ends May 29
FLEISCHEREI OLTMANNS: Claims Registration Period Ends June 26
FRITZ KRIEG: Claims Registration Period Ends June 8
GARDE SICHERHEIT: Claims Registration Ends June 6
GOTTSCHILD MASCHINEN: Claims Registration Ends June 21
HERM. ISERT NACHF: Claims Registration Ends May 25
ILLERTALER BIOMASSE: Claims Registration Ends June 14
KARL DENKINGER: Claims Registration Ends June 29
KERIM HANDELSAGENTUR: Creditors' Meeting Slated for June 1
KITSCHEN GMBH: Claims Registration Ends June 18
KTC WERKSTATT: Claims Registration Ends June 28
LH HOTEL: Creditors Must Register Claims by June 18
LUCAS FLEXOPRINT: Creditors Must Register Claims by June 25
MARIOU MOELLER: Creditors Must Register Claims by June 11
MAXWITAT AUTOMOBILE: Creditors Must Register Claims by June 25
METALLBAU ANDREAS: Claims Registration Period Ends June 18
MYPHOTOPRESENT PRODUKTIONS: Claims Registration Ends June 5
NORDPUNKT KONSUMGUETER: Creditors' Meeting Slated for June 11
OPPER.MANN GMBH: Claims Registration Period Ends June 11
RLA ABWICKLUNGS: Claims Registration Period Ends June 19
SCHEFENACKER PLC: Chapter 15 Petition Summary
SCHIEDER MOEBEL: Founder Rolf Demuth Leaves Managerial Post
SENDLER DRUCK: Claims Registration Period Ends June 15
SOR-I DEUTSCHLAND: Claims Registration Period Ends June 5
STAHL-UND INGENIEURGERUESTBAU: Claims Registration Ends June 5
STEFAN REINCKE: Claims Registration Period Ends June 18
T K MONTAGE: Claims Registration Period Ends June 4
WEILACHER GMBH: Claims Registration Period Ends June 22
WESTCOAST CONSULTING: Claims Registration Period Ends June 5
I R E L A N D
ARDAGH GLASS: Rexam Deal Cues S&P to Lift Rating to B from B-
I T A L Y
ALITALIA SPA: Posts EUR147 Million Pre-Tax Losses for Q1 2007
ALITALIA SPA: Three Bidders Qualify to Submit Binding Offers
K A Z A K H S T A N
ASIA DESIGN: Creditors Must File Claims by May 30
ASSOCIATION SODRUJESTVO: Creditors' Claims Due May 30
EKIBASTUZ TECHCOMPLECT: Claims Registration Ends June 20
HALYK BANK: Secures 10-Year Eurobonds for US$700 Million
HLEBOZAVOD OJSC: Proof of Claim Deadline Slated for June 22
JYLY TOBE: Claims Filing Period Ends June 14
OREAL-K LLP: Creditors Must File Claims by June 6
PTITSEFABRIKA LLP: Creditors' Claims Due June 14
RISK-INVEST CJSC: Proof of Claim Deadline Slated for June 25
SHYGYS-KOD LLP: Claims Registration Ends June 22
K Y R G Y Z S T A N
RICHNESS LLC: Creditors Must File Claims by July 4
L U X E M B O U R G
EVRAZ GROUP: Earns RUR10.37 Billion for First Quarter 2007
EVRAZ GROUP: Major Units' Net Profit Rises in First Quarter 2007
N E T H E R L A N D S
KONINKLIJKE AHOLD: To Buy Back EUR3 Billion in Shares
R U S S I A
AMBER LLC: Creditors Must File Claims by June 28
BUSH CJSC: Creditors Must File Claims by May 28
ENTAZIS CJSC: Novosibirsk Bankruptcy Hearing Slated for July 3
EVRAZ GROUP: Earns RUR10.37 Billion for First Quarter 2007
EVRAZ GROUP: Major Units' Net Profit Rises in First Quarter 2007
IZMAYLOVSKOYE-1 CJSC: Creditors Must File Claims by May 28
KHAKASIYA LLC: Creditors Must File Claims by May 28
KUZNITSOVO LLC: Court Starts Bankruptcy Supervision Procedure
MARYEVO-WOOD CJSC: Creditors Must File Claims by May 28
MURMANSKAYA CLOTH: Ryazan Bankruptcy Hearing Slated for July 31
NEW CONSTRUCTIONS: Komi Bankruptcy Hearing Slated for June 24
ROSNEFT OIL: Earns US$3.53 Billion in 2006 Under U.S. GAAP
RUS-WOOD CJSC: Court Names G. Artyshuk as Insolvency Manager
SHIPYARD 1: Creditors Must File Claims by May 28
STRUGOKRASNENSKIY DIARY: Creditors Must File Claims by June 28
VERKHNEKAMSKAYA PHOSPHORITE: Asset Sale Slated for May 29
WOODWORKING COMBINE: Murmansk Court Hearing Slated for July 19
ZELENCHUKSKAYA SEL-KHOZ-TEKHNIKA: Claims Filing Ends June 28
S W I T Z E R L A N D
CAFFE BAR: Uri Court Closes Bankruptcy Proceedings
G-GAMES LLC: Creditors' Liquidation Claims Due May 29
ISE-HOSPITALITY JSC: Creditors' Liquidation Claims Due May 29
KRISPY KREME: Creditors' Liquidation Claims Due May 29
RAINER BURRI: Creditors' Liquidation Claims Due May 29
ROYAL PARTNERWAHL: Creditors' Liquidation Claims Due May 29
STAUBER TRANSPORTE: Aargau Court Starts Bankruptcy Proceedings
T. WISLER: Basel Court Closes Bankruptcy Proceedings
UG MANAGEMENT: Creditors' Liquidation Claims Due May 29
VOGELE + VILLIGER: Claims Registration Period Ends May 28
U K R A I N E
AGRO-LUCH LLC: Creditors Must File Claims by May 23
BUSINESS CONCERN: Creditors Must File Claims by May 23
CANVIT LLC: Creditors Must File Claims by May 23
GUARANTY MANAGEMENT: Creditors Must File Claims by May 20
INTERNITE-INDUSTRY LLC: Creditors Must File Claims by May 23
KRIVOY ROG: Creditors Must Submit Claims by May 23
NEMIROV LLC: Claims Filing Bar Date Set May 20
OKHTYRKA PETROLEUM: Creditors Must File Claims by May 23
VARIANT LLC: Creditors Must Submit Claims by May 23
VOSTOCK-TIRAN LLC: Creditors Must File Claims by May 23
U N I T E D K I N G D O M
ARC-FAB LTD: T. Papanicola Leads Liquidation Procedure
AVALON SCHOOL: Appoints T. Papanicola as Liquidator
BARNEL BUILDING: Taps Liquidators from Lines Henry
CALL-A-KEG LTD: Unsecured Creditors May Not Recover Claims
CAMPION MCCALL: Joint Liquidators Take Over Operations
EUROFRESH DESIGNS: Calls In Liquidator from HKM LLP
FOODCORP LTD: First Lifestyle Buy Prompts S&P to Remove Watch
HALLMARQUE ASSISTANCE: Names C. H. I. Moore Liquidator
IMAGETRACK LTD: Brings In Liquidators from Shipleys LLP
NEWFIELD EXPLORATION: Fitch Hands BB+ IDR on Rocky Mountain Buy
PAINT POTS: Taps Paul James Fleming to Liquidate Assets
SHELDEN CURTAINS: Appoints Lane Bednash as Liquidator
THORNSHAW LTD: Hires Brendan Doyle to Liquidate Assets
TIFFIN LONDON: Names Michaela Joy Hall Liquidator
WEBFREIGHT SAMEDAY: Appoints Liquidators from Tait Walker
WORLD GYM: Joint Liquidators Take Over Operations
* Upcoming Meetings, Conferences and Seminars
*********
=============
A U S T R I A
=============
AEX JSC: Claims Registration Period Ends June 7
-----------------------------------------------
Creditors owed money by JSC AEX (FN 188708m) have until June 7
to file written proofs of claim to court-appointed estate
administrator Gerhard Stauder at:
Mag. Gerhard Stauder
c/o Dr. Georg Kahlig
Siebensterngasse 42
1070 Vienna
Austria
Tel: 523 47 91
Fax: 523 47 91 33
E-mail: kahlig.partner@aon.at
Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:45 a.m. on June 21 for the
examination of claims.
The meeting of creditors will be held at:
The Trade Court of Vienna
Room 1701
Vienna
Austria
Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on April 20 (Bankr. Case No. 6 S 46/07t). Georg Kahlig
represents Mag. Stauder in the bankruptcy proceedings.
COTTO-MARMOR LLC: Innsbruck Court Orders Business Shutdown
----------------------------------------------------------
The Land Court of Innsbruck entered April 26 an order shutting
down the business of LLC Cotto-Marmor (FN 145982f).
Court-appointed estate administrator Markus Kostner recommended
the business shutdown after determining that the continuing
operations would reduce the value of the estate.
The estate administrator can be reached at:
Dr. Markus Kostner
c/o Dr. Otmar Schimana
Schoepfstrasse 6a
6020 Innsbruck
Austria
Tel: 0512/56 15 70
Fax: 0512/56157015
E-mail: markus.kostner@aon.at
office@schimana.com
Headquartered in Innsbruck, Austria, the Debtor declared
bankruptcy on April 20 (Bankr. Case No 19 S 41/07p).
Otmar Schimana represents Dr. Kostner in the bankruptcy
proceedings.
Dr. H. Schar, Dr. A. Oberhofer, Dr. B. Schmidhammer and
Dr. T. Juen represent the Debtor in the bankruptcy proceedings.
The Debtor's representatives can be reached at:
Leopoldstrasse 31a
6020 Innsbruck
Austria
Tel: 0512/58 11 92
D G WOHNBAU: Claims Registration Period Ends June 1
---------------------------------------------------
Creditors owed money by LLC D G Wohnbau (FN 281086m) have until
June 1 to file written proofs of claim to court-appointed estate
administrator Ernst Madlener at:
Mag. Ernst Madlener
Feldweg 8
6111 Volders
Austria
Tel: 05224/52773
Fax: 05224/52773
E-mail: mag.madlener@chello.at
Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 a.m. on June 18 for the
examination of claims.
The meeting of creditors will be held at:
The Land Court of Innsbruck
Hall 212
Second Floor
New Building
Maximilianstrasse 4
6020 Innsbruck
Austria
Headquartered in Schwaz, Austria, the Debtor declared bankruptcy
on April 26 (Bankr. Case No. 19 S 33/07m). Dr. Herbert Fink
represents the Debtor in the bankruptcy proceedings.
The Debtor's representative can be reached at:
Dr. Herbert Fink
Kaiser-Josefstrasse 13
6020 Innsbruck
Austria
Tel: 0512/58 40 80
Fax: 0512/58 40 80 40
E-mail: ra.fink@inode.at
EPSILON GEWERBEIMMOBILIEN: Claims Registration Ends June 19
-----------------------------------------------------------
Creditors owed money by LLC Epsilon Gewerbeimmobilien (FN
244216t) have until June 19 to file written proofs of claim to
court-appointed estate administrator Michael Lentsch at:
Dr. Michael Lentsch
Hauptplatz 32
2700 Wiener Neustadt
Austria
Tel: 02622/27 0 41
Fax: 02622/29246
E-mail: office@kosch-partner.at
Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:30 a.m. on July 3 for the
examination of claims.
The meeting of creditors will be held at:
The Land Court of Wiener Neustadt
Room 15
Wiener Neustadt
Austria
Headquartered in Leobersdorf, Austria, the Debtor declared
bankruptcy on April 20 (Bankr. Case No. 11 S 49/07b).
HEKLI LLC: Vienna Court Orders Business Shutdown
------------------------------------------------
The Trade Court of Vienna entered April 25 an order shutting
down the business of LLC Hekli (4 S 45/07f).
Court-appointed estate administrator Ute Toifl declared that the
Debtor's estate is insufficient to cover creditors' claims.
The estate administrator can be reached at:
Dr. Ute Toifl
c/o Mag. Astrid Haider
Tuchlauben 12/20
1010 Vienna
Austria
Tel: 535 46 11-0
Fax: 535 46 11-11
E-mail: office@thr.at
Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on April 19 (Bankr. Case No 4 S 45/07f). Astrid Haider
represents Dr. Toifl in the bankruptcy proceedings.
HOLDING KSW: Claims Registration Period Ends June 19
----------------------------------------------------
Creditors owed money by LLC Holding KSW (FN 85482i) have until
June 19 to file written proofs of claim to court-appointed
estate administrator Gerhard Rigler at:
Mag. Gerhard Rigler
Hauptplatz 14
2700 Wiener Neustadt
Austria
Tel: 02622/84 141
Fax: 02622/84141-24
E-mail: hain.advocat@utanet.at
Creditors and other interested parties are encouraged to attend
the creditors' meeting at 11:00 a.m. on July 3 for the
examination of claims.
The meeting of creditors will be held at:
The Land Court of Wiener Neustadt
Room 1515
Wiener Neustadt
Austria
Headquartered in Lichtenwoerth - Nadelburg, Austria, the Debtor
declared bankruptcy on April 20 (Bankr. Case No. 11 S 51/07x).
Erich Allinger represents the Debtor in the bankruptcy
proceedings.
The Debtor's representative can be reached at:
Mag. Erich Allinger
Hauptplatz 11
2700 Wr.Neustadt
Austria
OEKO FLOOR: Salzburg Court Orders Business Shutdown
---------------------------------------------------
The Land Court of Salzburg entered April 23 an order shutting
down the business of KEG Oeko Floor (FN 148151w).
Court-appointed estate administrator Gernot Franz Herzog
recommended the business shutdown after determining that the
continuing operations would reduce the value of the estate.
The estate administrator can be reached at:
Dr. Gernot Franz Herzog
Haunspergstrasse 33
5020 Salzburg
Austria
Tel: 0662/8700460
Fax: 0662-878462
E-mail: office@hauserherzog.com
Headquartered in Plainfeld, Austria, the Debtor declared
bankruptcy on April 11 (Bankr. Case No 23 S 10/07a).
=============
B E L G I U M
=============
DEXIA SA: US$60 Mln Suit Settlement Hearing Slated for June 22
--------------------------------------------------------------
The U.S. District Court for the District of Massachusetts will
hold a fairness hearing at 2:00 p.m. on June 22, 2007, for the
proposed US$60,000,000.00 settlement in the matter, "Hans A.
Quaak, Attilio Po, and Karl Leibinger, et al. v. Dexia S.A. and
Dexia Bank Belgium (formerly known as Artesia Banking Corp.
S.A., Case No. 03-CV-11566."
The hearing will be held before the Judge Patti B. Saris in the
U.S. District Court for the District of Massachusetts, Joseph
Moakley U.S. Courthouse, 1 Courthouse Way, Boston, MA 02210.
Any objections and exclusions to and from the settlement must be
made on or before June 8 and 12, 2007, respectively. Deadline
for the submission of a proof of claim is on Aug. 21, 2007.
The settlement covers all persons who purchased common stock of
Lernout & Hauspie Speech Products N.V. (L&H) on the NASDAQ stock
market or purchased L&H call options or sold L&H put options on
any U.S.-based options exchange between Aug. 19, 1998, and
Nov. 9, 2000.
Case Background
L&H was a Belgium-based speech recognition software
manufacturer. During the fall of 2000, L&H announced that, as a
result of past accounting "errors and irregularities," the
Company had overstated its publicly reported revenues by 64%, or
a total of US$377,000,000.00 (US$377 million).
On Nov. 29, 2000, L&H filed for Chapter 11 bankruptcy protection
in the U.S. Bankruptcy Court for the District of
Delaware.
Beginning on Aug. 9, 2000, sixteen class actions were filed in
or transferred to the U.S. District Court for the District of
Massachusetts.
The plaintiffs in those actions alleged that the defendants
violated the federal securities laws by engaging in accounting
fraud at L&H.
These actions were consolidated by Orders dated Feb. 26, 2001
and Sept. 10, 2001, under the caption, "In re Lernout & Hauspie
Securities Litigation (In re L&H)."
By its Order dated Feb. 26, 2001, the Court appointed Hans A.
Quaak, Attilio Po and Karl Leibinger as the Lead Plaintiffs for
the Class in In re L&H and approved the Lead Plaintiffs'
selection of counsel, appointing Berman DeValerio Pease Tabacco
Burt & Pucillo; Shalov Stone Bonner & Rocco LLP; and Cauley
Bowman Carney & Williams, PLLC as Lead Counsel in In re L&H.
The Lead Plaintiffs and Lead Counsel undertook massive formal
and informal discovery efforts in connection with the In re L&H
action. In August 2003, based on recently reported news and
evidence uncovered in the course of Lead Counsel's investigation
of Class Members' claims, Plaintiffs filed this Action against
Dexia's parent, Dexia, S.A.
In their initial complaint, the Lead Plaintiffs alleged that
Dexia, S.A. was liable for alleged violations of the federal
securities laws committed by its predecessor, Artesia Banking.
Plaintiffs later named Dexia, the corporate successor to Artesia
Banking, as a defendant in this Action and agreed to voluntarily
dismiss Dexia, S.A. as a defendant.
In their Fourth Amended Class Action Complaint, dated Nov. 2,
2006, plaintiffs allege that, between Aug. 19, 1998 and Nov. 9,
2000, Artesia Banking and its subsidiary, Artesia Securities,
S.A., directly participated in a fraudulent scheme designed to
inflate artificially L&H's financial results and stock price and
issued certain materially false and misleading representations
in analyst reports concerning L&H, all in violation of Sections
10(b), 20(a) and 20A of the U.S. Securities Exchange Act of 1934
and Rule 10b-5 promulgated thereunder.
Specifically, Plaintiffs allege that Artesia Banking violated
the federal securities laws by, among other things, providing
and concealing loans to purportedly "unaffiliated" L&H customers
that were secretly guaranteed by L&H's officers and by issuing
fraudulent analyst reports in the name of Artesia Securities
that positively reported on L&H's operations and financial
performance without disclosing Artesia Banking's role in
inflating L&H's reported financial results.
Plaintiffs further allege that, while engaging in this scheme,
Artesia Banking sold shares of L&H common stock without
disclosing its fraudulent scheme in violation of Sections 10(b)
and 20A of the Exchange Act and Rule 10b-5.
Plaintiffs further alleged that they and other Class Members
purchased L&H Securities during the Class Period at prices
artificially inflated as a result of the fraudulent scheme
Plaintiffs alleged and by the false statements and omissions
identified in the Complaint.
By orders dated Feb. 9, 2005 and Aug. 8, 2006, the Court denied
Dexia's motions to dismiss the Second and Third Amended
complaints, respectively. Dexia's motion to dismiss the insider
trading claim asserted in the Fourth Amended Complaint was
pending at the time the parties reached this Settlement.
Plaintiffs' motion to certify the Class was also pending at that
time.
For more details, contact:
Lernout & Hauspie Securities Litigation
The Dexia Settlement
c/o A.B. Data, Ltd.
P.O. Box 170500
Milwaukee, WI 53217-8041
Phone: (866) 828-2348 or (414) 963-6490
Web site: http://www.lernouthauspiesettlement.com/
Patrick T. Egan, Esq.
Berman DeValerio Pease Tabacco Burt & Pucillo
One Liberty Square
Boston, MA 02109
Phone: (617) 542-8300
- and -
Patrick L. Rocco, Esq.
Shalov Stone Bonner & Rocco LLP
485 Seventh Avenue, Suite 1000
New York, NY 10018
Phone: (212) 239-4340
Dexia S.A. -- http://www.dexia.com/-- is a leader in public
sector financing and financial services for the local public
sector, a major retail bank in Belgium and Luxembourg, a
recognized provider of investment management services.
===========
F R A N C E
===========
INFOR GLOBAL: Workbrain Purchase Cues S&P to Hold B- Rating
-----------------------------------------------------------
Standard & Poor's Ratings Services affirmed its 'B-' corporate
credit rating and its stable outlook on Alpharetta, Georgia-
based Infor Global Solutions Holdings Ltd.
At the same time, Standard & Poor's affirmed its 'B-' bank loan
and '2' recovery ratings on Infor's approximately US$2.85
billion first-lien senior secured bank facility (including the
proposed US$55 million term loan add-on).
Standard & Poor's also affirmed its 'CCC' bank loan and '5'
recovery ratings on Infor's nearly US$1.6 billion second-lien
senior secured term loan (including the proposed US$170 million
add-on).
The ratings affirmations follow recent announcements that Infor
will acquire Workbrain Corporation, a leading global provider of
workforce management software, and Hansen Information
Technologies, a leading supplier of software applications to
manage government operations. The proposed add-on term loans
will partially fund the acquisitions.
"While these acquisitions introduce additional integration risk
following recent very aggressive acquisition activity (and a
US$500 million, debt-financed dividend to shareholders), Infor's
financial profile, including operating lease-adjusted total debt
to EBITDA estimated to be in the mid-8x area, on a GAAP basis,
is only modestly affected by this transaction," said Standard &
Poor's credit analyst Ben Bubeck. "Furthermore, our expectation
for positive free operating cash flow generation in future
periods, along with potential strategic benefits from a
strengthened human capital management product extension and an
expanded vertical end market, support our 'B-' corporate credit
rating," he continued.
The ratings reflect Infor's limited track record following a
very aggressive acquisition strategy, its high debt leverage,
and an aggressive financial policy. These factors are only
partially offset by the company's leading presence in its
selected mid-market niche, a largely recurring revenue base, and
a broad and diverse customer base.
About Infor Global
Headquartered in Alpharetta, Georgia and a Cayman Islands
exempted company, Infor Global Solutions Holdings Ltd., --
http://www.infor.com/-, is a global provider of financial and
enterprise applications software. The company has locations in
Japan, Australia, Austria, China, France, India, Mexico,
Singapore, and Spain, among others.
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G E R M A N Y
=============
AUTOHAUS LINDLAR: Claims Registration Period Ends June 4
--------------------------------------------------------
Creditors of Autohaus Lindlar GmbH have until June 4 to register
their claims with court-appointed insolvency manager
Hans-Gerd Jauch.
Creditors and other interested parties are encouraged to attend
the meeting at 11:30 a.m. on July 4, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Cologne
Meeting Hall 1240
12th Floor
Luxemburger Strasse 101
50939 Cologne
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The District Court of Cologne opened bankruptcy proceedings
against Autohaus Lindlar GmbH on April 27. Consequently, all
pending proceedings against the company have been automatically
stayed.
The insolvency manager can be reached at:
Hans-Gerd Jauch
Sachsenring 81
50677 Cologne
Tel: 0221/33660130
Fax: +492213366085
The Debtor can be reached at:
Autohaus Lindlar GmbH
Ruebezahlwald 18
51469 Bergisch Gladbach
Germany
AUTOHAUS WENKE: Claims Registration Period Ends May 29
------------------------------------------------------
Creditors of Autohaus Wenke GmbH have until May 29 to register
their claims with court-appointed insolvency manager
Michael Moenig.
Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on June 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court Muenster
Meeting Hall 119 B
Gerichtsstr. 2-6
48149 Muenster
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The District Court of Muenster opened bankruptcy proceedings
against Autohaus Wenke GmbH on May 3. Consequently, all pending
proceedings against the company have been automatically stayed.
The insolvency manager can be reached at:
Michael Moenig
Von-Steuben-Strasse 20
48143 Muenster
Germany
Tel: 0251/53599-0
Fax: +492515359910
The Debtor can be reached at:
Autohaus Wenke GmbH
Attn: Petra Oekentorp, Manager
Kaiserbusch 23
48165 Muenster
Germany
BECKSCHULTE VERFAHRENSTECHNIK: Claims Registration Ends June 1
--------------------------------------------------------------
Creditors of Beckschulte Verfahrenstechnik GmbH have until
June 1 to register their claims with court-appointed insolvency
manager Hans-Gerd Jauch.
Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on July 4, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Cologne
Meeting Hall 142
First Floor
Luxemburger Strasse 101
50939 Cologne
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The District Court of Cologne opened bankruptcy proceedings
against Beckschulte Verfahrenstechnik GmbH on May 1.
Consequently, all pending proceedings against the company have
been automatically stayed.
The insolvency manager can be reached at:
Hans-Gerd Jauch
Sachsenring 81
50677 Cologne
Germany
Tel: 0221/33660130
Fax: +492213366085
The Debtor can be reached at:
Beckschulte Verfahrenstechnik GmbH
Attn: Friedrich and Oliver Beckschulte, Managers
Dunstablestr. 5
51145 Cologne
Germany
DAIMLERCHRYSLER AG: No Acquisition Plans for Now, Zetsche Says
--------------------------------------------------------------
DaimlerChrysler AG won't likely be involved in the ongoing
consolidation of the auto industry and will work hard to remain
independent in the wake of Cerberus Capital Management LP's US$7
billion takeover of the Chrysler Group, the Wall Street Journal
reports, quoting Daimler CEO Dieter Zetsche.
The deal to relinquish 80.1% of Chrysler to private-equity firm
Cerberus will allow DaimlerChrysler to focus on strengthening
its luxury Mercedes brand and on boosting its commercial-truck
business, WSJ states. Mr. Zetsche said the company may seek
deals to expand its truck business, known as the Truck Group,
especially in the U.S. or India. Earlier this year, Daimler's
Truck Group bought a 24% stake in China's Beiqi Foton Motor Co.,
which makes vans.
Mr. Zetsche has expressed his intent to concentrate on improving
efficiency and operations at Daimler, develop growth potential
and pursue new opportunities, WSJ relates. He added that he has
more ambitious targets for Mercedes beyond the 7% return on
sales the company has as a goal this year.
Major Shareholders Disposes Stake
Mr. Zetsche remarks came as major shareholder Dubai
International Capital, controlled by Dubai's Maktoum family,
disclosed it had sold its US$1 billion stake in the company,
ahead of Daimler's announcement of a deal to relinquish control
of Chrysler.
The carmaker's shareholder structure has been under scrutiny
because, unlike its German car-making rivals, it doesn't have a
single large shareholder as a bulwark against a takeover, WSJ
observes.
Mr. Zetsche, who had expressed concerns that the company's low
share price because of Chrysler's burdens could make it a
takeover target, said that the recent rise in the company's
share price makes it a less attractive acquisition, WSJ notes.
"I don't know if a majority shareholder is exclusively helpful,
and it doesn't mean absolute protection," Mr. Zetsche said.
Ex-CEO Schrempp Takes Blame
Meanwhile, Juergen Graesslin, head of DaimlerChrysler Critical
Shareholders Association, blamed Juergen Schrempp for the
US$12.6 billion loss in the company's market value in the nine
years following the merger between Chrysler Corp. and Daimler-
Benz AG, Bloomberg News reports.
"Schrempp was certainly the biggest destroyer of capital in
Daimler's history and most likely in the history of corporate
Germany," said Mr. Graesslin, who also authors a biography on
Mr. Schrempp.
Mr. Schrempp was the architect of the US$36 billion takeover of
Chrysler Corp. by Daimler-Benz AG. DaimlerChrysler shares have
fallen 15% since Nov. 17, 1998, the day the combined company
started trading. The stock in Germany peaked half a year after
the merger and never recovered.
About DaimlerChrysler
Based in Stuttgart, Germany, DaimlerChrysler AG (NYSE:DCX) (FRA:
DCX) -- http://www.daimlerchrysler.com/-- develops,
manufactures, distributes, and sells various automotive
products, primarily passenger cars, light trucks, and commercial
vehicles worldwide. It primarily operates in four segments:
Mercedes Car Group, Chrysler Group, Commercial Vehicles, and
Financial Services.
The company's worldwide operations are located in: Canada,
Mexico, United States, Argentina, Brazil, Venezuela, China,
India, Indonesia, Japan, Thailand, Vietnam, and Australia.
The Chrysler Group segment offers cars and minivans, pick-up
trucks, sport utility vehicles, and vans under the Chrysler,
Jeep, and Dodge brand names. It also sells parts and
accessories under the MOPAR brand.
The Chrysler Group is facing a difficult market environment in
the United States with excess inventory, non-competitive legacy
costs for employees and retirees, continuing high fuel prices
and a stronger shift in demand toward smaller vehicles. At the
same time, key competitors have further increased margin and
volume pressures -- particularly on light trucks -- by making
significant price concessions. In addition, increased interest
rates caused higher sales & marketing expenses.
In order to improve the earnings situation of the Chrysler Group
as quickly and comprehensively, measures to increase sales and
cut costs in the short term are being examined at all stages of
the value chain, in addition to structural changes being
reviewed as well.
DAIMLERCHRYSLER AG: Cerberus Eyes US$17 Bln to Fund Chrysler Ops
----------------------------------------------------------------
Cerberus Capital Management LP will avail of a US$17 billion
credit to finance the turnaround of Chrysler Group, Richard
Milne and John Reed reports for The Financial Times.
The figure includes US$12 billion made available as an undrawn
credit line for the operating business of newly acquired
Chrysler Group, plus the US$5 billion Cerberus has pledged to
put on the DaimlerChrysler AG unit's balance sheet.
The US$17 billion is part of US$60 billion in loans committed vt
a group of five banks, FT adds.
According to the report, the automaker could use the money to
secure an agreement on healthcare liabilities. Analysts say
Cerberus-backed Chrysler may follow Goodyear's example in
striking a healthcare bargain with the United Auto Workers union
where both parties agree on the liability and the company
provides a fixed amount to settle it for good.
About US$50 billion of the funding will be needed to refinance
assets that will constitute Chrysler's financial services arm,
Chrysler Financial Services, FT notes. The US$50 billion in
debt for Chrysler Finance will be backed by US$76 billion in
assets and in essence replaces the debt that Daimler currently
holds in the business.
The financing package is also a noteworthy backing of the
troubled US motor industry by the banks, FT observes. JPMorgan
advised Daimler on the deal. It also took part in the financing
team for Cerberus alongside Goldman Sachs, Citigroup, Morgan
Stanley and Bear Stearns.
About DaimlerChrysler
Based in Stuttgart, Germany, DaimlerChrysler AG (NYSE:DCX) (FRA:
DCX) -- http://www.daimlerchrysler.com/-- develops,
manufactures, distributes, and sells various automotive
products, primarily passenger cars, light trucks, and commercial
vehicles worldwide. It primarily operates in four segments:
Mercedes Car Group, Chrysler Group, Commercial Vehicles, and
Financial Services.
The company's worldwide operations are located in: Canada,
Mexico, United States, Argentina, Brazil, Venezuela, China,
India, Indonesia, Japan, Thailand, Vietnam, and Australia.
The Chrysler Group segment offers cars and minivans, pick-up
trucks, sport utility vehicles, and vans under the Chrysler,
Jeep, and Dodge brand names. It also sells parts and
accessories under the MOPAR brand.
The Chrysler Group is facing a difficult market environment in
the United States with excess inventory, non-competitive legacy
costs for employees and retirees, continuing high fuel prices
and a stronger shift in demand toward smaller vehicles. At the
same time, key competitors have further increased margin and
volume pressures -- particularly on light trucks -- by making
significant price concessions. In addition, increased interest
rates caused higher sales & marketing expenses.
In order to improve the earnings situation of the Chrysler Group
as quickly and comprehensively, measures to increase sales and
cut costs in the short term are being examined at all stages of
the value chain, in addition to structural changes being
reviewed as well.
EDDIE BAUER: Posts US$44.8 Mln Net Loss in First Quarter 2007
-------------------------------------------------------------
Eddie Bauer Holdings Inc. reported financial results for the
first quarter of fiscal year 2007.
For the first quarter ended March 31, 2007, total revenues
increased by approximately 10.0% to US$214 million from US$194.5
million in the first quarter last year. Total revenues for the
first quarter of 2007 included net merchandise sales of US$200
million, shipping revenues of US$8.7 million, licensing royalty
revenues of US$3.5 million, royalty revenues from foreign joint
ventures of US$1.5 million, and other revenues of US$0.3
million.
In the first quarter of 2006, total revenues included net
merchandise sales of US$180.5 million, shipping revenues of
US$8.2 million, licensing royalty revenues of US$3.9 million,
royalty revenues from foreign joint ventures of US$1.7 million,
and other revenues of US$0.2 million.
Net merchandise sales for the first quarter of 2007 included
US$136.4 million of sales from the Company's retail and outlet
stores and US$63.6 million of sales from its direct channel,
which includes sales from its catalogs and Web sites. This
compares to US$125.9 million of sales from the Company's retail
and outlet stores and US$54.6 million of sales from its direct
channel in first quarter of fiscal 2006. Comparable store sales
for the first quarter of 2007 increased by 9.5%, and sales in
the Company's direct channel increased 16.3%. Comparable store
sales include net sales from retail and outlet stores that have
been open for one complete fiscal year.
Gross margin for the first quarter of 2007 was US$58.6 million,
an increase of US$10 million from US$48.6 million for the first
quarter of 2006. Gross margin percentage for the first quarter
of 2007 rose to 29.3%, up from 26.9% in the first quarter of
fiscal 2006. The increase was due primarily to a decrease in
occupancy costs as a percentage of net merchandise sales.
The Company reported a net loss for the first quarter of 2007 of
US$44.8 million, or US$1.47 per diluted share, compared to a net
loss of US$35.6 million, or US$1.19 per diluted share, in the
same period in 2006. The net loss of US$44.8 million in the
first quarter of 2007 included non-recurring expenses totaling
approximately US$16.4 million including a previously announced
US$5 million merger termination fee and US$1.4 million in legal
fees and expenses related to the Company's proposed sale to an
affiliate of Sun Capital Partners and Golden Gate Capital;
US$8.4 million of expenses, including US$3.2 million of
accelerated stock-based compensation expense, related to the
resignation of the Company's former Chief Executive Officer; and
a US$1.6 million legal settlement. The net loss of
US$35.6 million for the first quarter of 2006 included a loss
from discontinued operations of US$534,000.
Income tax benefit for the first quarter of fiscal 2007 was
US$1.1 million compared to US$3.9 million in the first quarter
of 2006.
Income (loss) from continuing operations before income taxes,
interest expense and depreciation and amortization expense, or
EBITDA, for the first quarter of 2007 was a loss of US$25.8
million, compared to a loss of US$19.5 million for the first
quarter of 2006. EBITDA for the first quarter of 2007 exclusive
of the aforementioned non-recurring expenses was a loss of
US$9.4 million. EBITDA is a non-GAAP financial measure that
management believes is an important metric because it is a key
factor in how it measures operating performance. In addition,
the Company incurred pre-tax, non-cash stock compensation
expense of US$4.7 million in the first quarter of 2007, which
includes the US$3.2 million related to the resignation of the
former Chief Executive Officer, compared to stock-based
compensation expense of US$3.3 million in the first quarter of
2006.
"During the first quarter, we were happy to see a continuation
of the improved business trends we experienced during the fourth
quarter of 2006," Eddie Bauer Interim Chief Executive Officer
Howard Gross said. "Customers have responded positively to our
refocused merchandise assortment, which is more in line with the
needs and preferences of our core customers and capitalizes on
our brand's unique outdoor heritage. Our strategy is to
continue to refine and enhance our product line in order to
drive comparable store sales growth in both our retail and
direct channels, and we are encouraged that the initial changes
we have been making appear to be resonating with consumers."
The Company further noted that, while it is pleased that first
quarter EBITDA results exclusive of the non-recurring expenses
are improved from last year, it must continue to make
improvements to the merchandise collection and improve same
store sales and sales per square foot in its retail and outlet
channel and increase sales in its direct channel in order to
develop a sustainable trend of improving results.
On April 4, 2007, the Company completed a refinancing of its
outstanding debt, replacing its previous US$274 million senior
secured term loan with a new US$225 million term loan and US$75
million in 5.25% convertible senior notes due 2014. The new
financing package provides the Company with greater financial
flexibility and lower interest expense as it implements its
turnaround strategy. The Company will recognize a loss on
extinguishment of debt of US$3.3 million in its second fiscal
quarter resulting from the write-off of deferred financing fees
on the previous term loan.
As of March 31, 2007, the Company operated 367 retail and outlet
stores in total, consisting of 251 retail stores and 116 outlet
stores. During the first quarter, the Company opened one retail
store and two outlet stores and closed 29 retail stores and one
outlet store.
About Eddie Bauer
Headquartered in Redmond, Washington, Eddie Bauer Holdings Inc.
(NASDAQ: EBHI) -- http://www.eddiebauer.com/-- is a specialty
retailer that sells casual sportswear and accessories for the
"modern outdoor lifestyle." Established in 1920 in Seattle,
Eddie Bauer products are available at approximately 380 stores
throughout the United States and Canada, through catalog sales
and online at http://www.eddiebaueroutlet.com/ The company also
participates in joint venture partnerships in Japan and Germany
and has licensing agreements across a variety of product
categories. Eddie Bauer employs 10,000 part-time and full-time
associates in the United States and Canada.
* * *
As reported in the Troubled Company Reporter on March 26,
Standard & Poor's Rating Services lowered the ratings on Eddie
Bauer Holdings Inc., to 'B-' from 'B'.
At the same time, Standard & Poor's removed the rating from
CreditWatch with negative implications, where it was placed on
Nov. 13, 2006. S&P said the outlook is negative.
EUS EDV-INSTALLATIONEN: Claims Registration Period Ends July 5
--------------------------------------------------------------
Creditors of EUS EDV-Installationen und Starkstromanlagen GmbH &
Co. KG have until July 5 to register their claims with court-
appointed insolvency manager Kerstin Becker.
Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on Aug. 16, at which time the
insolvency manager will present her first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Frankfurt (Main)
Hall 1
Building F
Klingerstrasse 20
60313 Frankfurt (Main)
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The District Court of Frankfurt (Main) opened bankruptcy
proceedings against EUS EDV-Installationen und Starkstromanlagen
GmbH & Co. KG on May 2. Consequently, all pending proceedings
against the company have been automatically stayed.
The insolvency manager can be reached at:
Kerstin Becker
Zeilweg 42
60439 Frankfurt (Main)
Germany
Tel: 069/963761-130
Fax: 069/963761-145
The Debtor can be reached at:
EUS EDV-Installationen und Starkstromanlagen
GmbH & Co. KG
Voltastr. 5
65795 Hattersheim
Germany
FAIR-BAU GMBH: Claims Registration Period Ends May 29
-----------------------------------------------------
Creditors of Fair-Bau GmbH & Co. KG have until May 29 to
register their claims with court-appointed insolvency manager
Leo Schoofs.
Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on June 18, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court Muenster
Meeting Hall 119 B
Gerichtsstr. 2-6
48149 Muenster
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The District Court of Muenster opened bankruptcy proceedings
against Fair-Bau GmbH & Co. KG on May 1. Consequently, all
pending proceedings against the company have been automatically
stayed.
The insolvency manager can be reached at:
Dr. Leo Schoofs
Salierstr. 4
46395 Bocholt
Germany
Tel: 028 71/21 83-0
Fax: +4928712183410
The Debtor can be reached at:
Fair-Bau GmbH & Co. KG
Attn: Hans Joachim Diekmann and
Rudolf Ostendorf, Managers
Gewerbering 15
48734 Reken
Germany
FLEISCHEREI OLTMANNS: Claims Registration Period Ends June 26
-------------------------------------------------------------
Creditors of Fleischerei Oltmanns GmbH have until June 26 to
register their claims with court-appointed insolvency manager
Hubert Griesoph.
Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on July 17, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Wilhelmshaven
Hall 109
Old Building
Marktstrasse 15
26382 Wilhelmshaven
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The District Court of Wilhelmshaven opened bankruptcy
proceedings against Fleischerei Oltmanns GmbH on May 1.
Consequently, all pending proceedings against the company have
been automatically stayed.
The insolvency manager can be reached at:
Hubert Griesoph
Alte Wiefelsteder Str. 3
26316 Varel
Germany
Tel: 04451-913880
Fax: 04451-913839
E-mail: buero@hsm-stb.de
The Debtor can be reached at:
Fleischerei Oltmanns GmbH
Wangerstr. 12
26434 Wangerland
Germany
FRITZ KRIEG: Claims Registration Period Ends June 8
---------------------------------------------------
Creditors of Fritz Krieg GmbH have until June 8 to register
their claims with court-appointed insolvency manager Vera Mai.
Creditors and other interested parties are encouraged to attend
the meeting at 8:40 a.m. on June 29, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Dortmund
Hall 3.201
Second Floor
Gerichtsplatz 1
44135 Dortmund
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The District Court of Dortmund opened bankruptcy proceedings
against Fritz Krieg GmbH on May 2. Consequently, all pending
proceedings against the company have been automatically stayed.
The insolvency manager can be reached at:
Vera Mai
Werner Str. 12 a
44388 Dortmund
Germany
The Debtor can be reached at:
Fritz Krieg GmbH
Attn: Ulrich Prinz, Manager
Adalbert-Stifter-Str. 17
59427 Unna
Germany
GARDE SICHERHEIT: Claims Registration Ends June 6
-------------------------------------------------
Creditors of Garde Sicherheit & Technik GmbH have until June 6
to register their claims with court-appointed insolvency manager
Cornelia Moenert.
Creditors and other interested parties are encouraged to attend
the meeting at 8:40 a.m. on June 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Bielefeld
Hall 4065
Fourth Floor
Gerichtstrasse 66
33602 Bielefeld
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Cornelia Moenert
Lise-Meitner-Str. 13
33605 Bielefeld
Germany
The District Court of Bielefeld opened bankruptcy proceedings
against Garde Sicherheit & Technik GmbH on May 1. Consequently,
all pending proceedings against the company have been
automatically stayed.
The Debtor can be reached at:
Garde Sicherheit & Technik GmbH
Rueckertstrasse 26
33729 Bielefeld
Germany
GOTTSCHILD MASCHINEN: Claims Registration Ends June 21
------------------------------------------------------
Creditors of Gottschild Maschinen Technologie GmbH have until
June 21 to register their claims with court-appointed insolvency
manager Jochen Schnake.
Creditors and other interested parties are encouraged to attend
the meeting at 10:45 a.m. on July 12, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Bielefeld
Hall 4065
Fourth Floor
Gerichtstrasse 66
33602 Bielefeld
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Jochen Schnake
Ravensberger Str. 11 u. 12
33824 Werther
Germany
The District Court of Bielefeld opened bankruptcy proceedings
against Gottschild Maschinen Technologie GmbH on May 1.
Consequently, all pending proceedings against the company have
been automatically stayed.
The Debtor can be reached at:
Gottschild Maschinen Technologie GmbH
Weststr. 87
33790 Halle
Germany
HERM. ISERT NACHF: Claims Registration Ends May 25
--------------------------------------------------
Creditors of Herm. Isert Nachf. GmbH & Co. Kom.Ges. have until
May 25 to register their claims with court-appointed insolvency
manager Dr. Norbert Wischermann.
Creditors and other interested parties are encouraged to attend
the meeting at 10:30 a.m. on June 30, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Hagen
Area 283 Karlsruhe
Second Floor
Main House (New Building)
Heinitzstrasse 42
58097 Hagen
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Dr. Norbert Wischermann
Untermauerstr. 22
58332 Schwelm
Germany
The District Court of Hagen opened bankruptcy proceedings
against Herm. Isert Nachf. GmbH & Co. Kom.Ges. on May 3.
Consequently, all pending proceedings against the company have
been automatically stayed.
The Debtor can be reached at:
Herm. Isert Nachf. GmbH & Co. Kom.Ges.
Ruhrstr. 72
58332 Schwelm
Germany
ILLERTALER BIOMASSE: Claims Registration Ends June 14
-----------------------------------------------------
Creditors of Illertaler Biomasse Betriebs GmbH & Co. KG i.L.
have until June 14 to register their claims with court-appointed
insolvency manager Michael Pluta.
Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on July 5, at which time the insolvency
manager will present his first report on the insolvency
proceedings.
The meeting of creditors will be held at:
The District Court of Kempten
SS 157/I
Residenzplatz 4-6
87435 Kempten
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Michael Pluta
Karlstr. 31-33
89073 Ulm
Germany
Tel: 0731/96880-0
Fax: 0731/96880-50
The District Court of Kempten opened bankruptcy proceedings
against Illertaler Biomasse Betriebs GmbH & Co. KG i.L. on
April 27. Consequently, all pending proceedings against the
company have been automatically stayed.
The Debtor can be reached at:
Illertaler Biomasse Betriebs GmbH & Co. KG i.L.
Wilhelm-Geiger-Strasse 1
87561 Oberstdorf
Germany
KARL DENKINGER: Claims Registration Ends June 29
------------------------------------------------
Creditors of Karl Denkinger GmbH have until June 29 to register
their claims with court-appointed insolvency manager
Axel W. Bierbach.
Creditors and other interested parties are encouraged to attend
the meeting at 9:20 a.m. on July 30, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Munich
Meeting Hall 102
Infanteriestr. 5
80097 Munich
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Axel W. Bierbach
Schwanthalerstr. 32
80336 Munich
Germany
Tel: 54511-0
Fax: 54511-444
The District Court of Munich opened bankruptcy proceedings
against Karl Denkinger GmbH on May 2. Consequently, all pending
proceedings against the company have been automatically stayed.
The Debtor can be reached at:
Karl Denkinger GmbH
Schulstr. 5
85774 Unterfoehring
Germany
KERIM HANDELSAGENTUR: Creditors' Meeting Slated for June 1
----------------------------------------------------------
The court-appointed insolvency manager for KERIM Handelsagentur
fuer Baukeramik GmbH & Co. KG, Thomas Becker, will present his
first report on the Company's insolvency proceedings at a
creditors' meeting at 9:20 a.m. on June 1.
The meeting of creditors and other interested parties will be
held at:
The District Court of Saarbruecken
Meeting Hall 24
Second Floor
Branch Office Sulzbach
Vopeliusstrasse 2
66280 Sulzbach
Germany
The Court will also verify the claims set out in the insolvency
manager's report at 11:40 a.m. on July 13 at the same venue.
Creditors have until June 22 to register their claims with the
court-appointed insolvency manager.
The insolvency manager can be reached at:
Thomas Becker
Brckenstrasse 60
66763 Dillingen
Germany
Tel: (06831) 769980
Fax: (06831) 7699870
The District Court of Saarbruecken opened bankruptcy proceedings
against KERIM Handelsagentur fuer Baukeramik GmbH & Co. KG on
May 1. Consequently, all pending proceedings against the
company have been automatically stayed.
The Debtor can be reached at:
KERIM Handelsagentur fuer Baukeramik GmbH & Co. KG
Attn: Karl Peter Weber, Manager
Carl-Friedrich-Gauss-Str. 6
66793 Saarwellingen
Germany
KITSCHEN GMBH: Claims Registration Ends June 18
-----------------------------------------------
Creditors of Kitschen GmbH have until June 18 to register their
claims with court-appointed insolvency manager Eberhard Stock.
Creditors and other interested parties are encouraged to attend
the meeting at 10:45 a.m. on July 25, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Moenchengladbach
Meeting Hall A 14
Ground Floor
Hohenzollernstr. 157
41061 Moenchengladbach
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Eberhard Stock
Wilhelmshofallee 75
47800 Krefeld
Germany
Tel: 02151-5813-0
Fax: +4921515813133
The District Court of Moenchengladbach opened bankruptcy
proceedings against Kitschen GmbH on May 1. Consequently, all
pending proceedings against the company have been automatically
stayed.
The Debtor can be reached at:
Kitschen GmbH
Attn: Dirk Holger Kitschen, Manager
Industriering 14
41751 Viersen
Germany
KTC WERKSTATT: Claims Registration Ends June 28
-----------------------------------------------
Creditors of KTC Werkstatt GmbH have until June 28 to register
their claims with court-appointed insolvency manager
Dr. Sven-Holger Undritz.
Creditors and other interested parties are encouraged to attend
the meeting at noon on July 20, at which time the insolvency
manager will present his first report on the insolvency
proceedings.
The meeting of creditors will be held at:
The District Court of Norderstedt
Hall B
Rathausallee 80
22846 Norderstedt
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Dr. Sven-Holger Undritz
Jungfernstieg 51
20354 Hamburg
Germany
The District Court of Norderstedt opened bankruptcy proceedings
against KTC Werkstatt GmbH on May 4. Consequently, all pending
proceedings against the company have been automatically stayed.
The Debtor can be reached at:
KTC Werkstatt GmbH
Gutenbergstrasse 8a
24558 Henstedt-Ulzburg
Germany
Attn: Heiko Kwiatkowski, Manager
Karklohweg 41
24629 Kisdorf
Germany
LH HOTEL: Creditors Must Register Claims by June 18
---------------------------------------------------
Creditors of LH Hotel Heide GmbH have until June 18 to register
their claims with court-appointed insolvency manager
Bernd Sundermeier.
Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on July 9, at which time the insolvency
manager will present his first report on the insolvency
proceedings.
The meeting of creditors will be held at:
The District Court of Oldenburg
Meeting hall
Second Floor
Elisabethstrasse 6
26135 Oldenburg
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Bernd Sundermeier
Alte Wiefelsteder Strasse 3
26316 Varel
Germany
Tel: 04451 913880
Fax: 04451 913839
The District Court of Oldenburg opened bankruptcy proceedings
against LH Hotel Heide GmbH on May 1. Consequently, all pending
proceedings against the company have been automatically stayed.
The Debtor can be reached at:
LH Hotel Heide GmbH
Melkbrink 49-51
26121 Oldenburg
Germany
LUCAS FLEXOPRINT: Creditors Must Register Claims by June 25
-----------------------------------------------------------
Creditors of Lucas flexoprint GmbH have until June 25 to
register their claims with court-appointed insolvency manager
Nada Nasser.
Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on Aug. 1, at which time the insolvency
manager will present her first report on the insolvency
proceedings.
The meeting of creditors will be held at:
The District Court of Moenchengladbach
Meeting Hall A 14
Ground Floor
Hohenzollernstr. 157
41061 Moenchengladbach
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Nada Nasser
Gneisenaustrasse 52
41061 Moenchengladbach
Germany
Tel: 02161 / 2479730
Fax: 02161 / 2479629
The District Court of Moenchengladbach opened bankruptcy
proceedings against May 1 on Lucas flexoprint GmbH.
Consequently, all pending proceedings against the company have
been automatically stayed.
The Debtor can be reached at:
Lucas flexoprint GmbH
Richard-Lucas-Strasse 8
41812 Erkelenz
Germany
MARIOU MOELLER: Creditors Must Register Claims by June 11
---------------------------------------------------------
Creditors of Mariou Moeller GmbH have until June 11 to register
their claims with court-appointed insolvency manager
Heinrich Stellmach.
Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on July 2, at which time the insolvency
manager will present his first report on the insolvency
proceedings.
The meeting of creditors will be held at:
The District Court Muenster
Meeting Hall 13 B
Gerichtsstr. 2-6
48149 Muenster
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Heinrich Stellmach
Salierstrasse 4
46395 Bocholt
Germany
Tel: 02871/2183-0
Fax: +4928712183410
The District Court of Muenster opened bankruptcy proceedings
against Mariou Moeller GmbH on May 3. Consequently, all pending
proceedings against the company have been automatically stayed.
The Debtor can be reached at:
Mariou Moeller GmbH
Markt 8
46414 Rhede
Germany
MAXWITAT AUTOMOBILE: Creditors Must Register Claims by June 25
--------------------------------------------------------------
Creditors of Maxwitat Automobile GmbH & Co. have until June 25
to register their claims with court-appointed insolvency manager
Stefan Meyer.
Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on July 16, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Bielefeld
Hall 4065
Fourth Floor
Gerichtstrasse 66
33602 Bielefeld
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Stefan Meyer
Ostertorstr. 7
32312 Luebbecke
Germany
The District Court of Bielefeld opened bankruptcy proceedings
against Maxwitat Automobile GmbH & Co. on May 3. Consequently,
all pending proceedings against the company have been
automatically stayed.
The Debtor can be reached at:
Maxwitat Automobile GmbH & Co.
Walluecker Weg 63
32549 Bad Oeynhausen
Germany
METALLBAU ANDREAS: Claims Registration Period Ends June 18
----------------------------------------------------------
Creditors of Metallbau Andreas Bartsch GmbH & Co.KG have until
June 18 to register their claims with court-appointed insolvency
manager Heiko Rautmann.
Creditors and other interested parties are encouraged to attend
the meeting at 8:45 a.m. on July 3, at which time the insolvency
manager will present his first report on the insolvency
proceedings.
The meeting of creditors will be held at:
The Justice Center of Magdeburg
Breiter Weg 203-206
39104 Magdeburg
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Heiko Rautmann
Editharing 31
39108 Magdeburg
Germany
Tel: 0391/5066030
Fax: 0391/5066033
E-mail: Heiko.Rautmann@gmx.de
The Justice Center of Magdeburg opened bankruptcy proceedings
against Metallbau Andreas Bartsch GmbH & Co.KG on April 30.
Consequently, all pending proceedings against the company have
been automatically stayed.
The Debtor can be reached at:
Metallbau Andreas Bartsch GmbH & Co.KG
Hilgesdorfer Str. 4
39345 Flechtingen
Germany
Attn: Andreas Bartsch, Manager
Hauptstr. 17
39359 Mannhausen
Germany
MYPHOTOPRESENT PRODUKTIONS: Claims Registration Ends June 5
-----------------------------------------------------------
Creditors of myphotopresent Produktions-und Vertriebs-GmbH have
until June 5 to register their claims with court-appointed
insolvency manager Andreas Mittendorff.
Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on July 10, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Hannover
Hall 226
Second Upper Floor
Service Bldg.
Hamburger Allee 26
30161 Hannover
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Andreas Mittendorff
Am Markte 13
30159 Hannover
Germany
Tel: 0511 357721-0
Fax: 0511 357721-40
The District Court of Hannover opened bankruptcy proceedings
against myphotopresent Produktions-und Vertriebs-GmbH on
April 25. Consequently, all pending proceedings against the
company have been automatically stayed.
The Debtor can be reached at:
myphotopresent Produktions-und Vertriebs-GmbH
Weidendamm 30
30167 Hannover
Germany
Attn: Michael Ott, Manager
Albert-Niemann-Str. 7
30171 Hannover
Germany
NORDPUNKT KONSUMGUETER: Creditors' Meeting Slated for June 11
-------------------------------------------------------------
The court-appointed insolvency manager for NORDPUNKT
Konsumguetervertriebs GmbH, Christoph Schulte-Kaubruegger, will
present his first report on the Company's insolvency proceedings
at a creditors' meeting at 11:55 a.m. on June 11.
The meeting of creditors and other interested parties will be
held at:
The District Court of Charlottenburg
Second Stock Hall 218
Amtsgerichtsplatz 1
14057 Berlin
Germany
The Court will also verify the claims set out in the insolvency
manager's report at 11:35 a.m. on Sept. 24 at the same venue.
Creditors have until Aug. 1 to register their claims with the
court-appointed insolvency manager.
The insolvency manager can be reached at:
Dr. Christoph Schulte-Kaubruegger
Genthiner Str. 48
10785 Berlin
Germany
The District Court of Charlottenburg opened bankruptcy
proceedings against NORDPUNKT Konsumguetervertriebs GmbH on
May 1. Consequently, all pending proceedings against the
company have been automatically stayed.
The Debtor can be reached at:
NORDPUNKT Konsumguetervertriebs GmbH
Keilerstr. 19
13503 Berlin
Germany
OPPER.MANN GMBH: Claims Registration Period Ends June 11
--------------------------------------------------------
Creditors of OPPer.mann GmbH have until June 11 to register
their claims with court-appointed insolvency manager Immo Hamer
von Valtier.
Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on July 2, at which time the insolvency
manager will present his first report on the insolvency
proceedings.
The meeting of creditors will be held at:
The District Court of Gifhorn
Hall 114
Am Schlossgarten 4
38518 Gifhorn
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Immo Hamer von Valtier
Rathenaustrasse 13/14
30519 Hannover
Germany
Tel: 0511/16962-21
Fax: 0511/16962-23
E-mail: ImmoHamer@gmx.de
The District Court of Gifhorn opened bankruptcy proceedings
against OPPer.mann GmbH on May 2. Consequently, all pending
proceedings against the company have been automatically stayed.
The Debtor can be reached at:
OPPer.mann GmbH
Attn: Rene Raeck, Manager
Woltorfer Str. 18
31224 Peine
Germany
RLA ABWICKLUNGS: Claims Registration Period Ends June 19
--------------------------------------------------------
Creditors of RLA Abwicklungs GmBH have until June 19 to register
their claims with court-appointed insolvency manager
Stephan Mitlehner.
Creditors and other interested parties are encouraged to attend
the meeting at 11:55 a.m. on July 19, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Charlottenburg
Second Stock Hall 218
Amtsgerichtsplatz 1
14057 Berlin
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Stephan Mitlehner
Walter-Benjamin-Platz 6
10629 Berlin
Germany
The District Court of Charlottenburg opened bankruptcy
proceedings against RLA Abwicklungs GmBH on May 4.
Consequently, all pending proceedings against the company have
been automatically stayed.
The Debtor can be reached at:
RLA Abwicklungs GmBH
Cicerostr. 2
10709 Berlin
Germany
SCHEFENACKER PLC: Chapter 15 Petition Summary
---------------------------------------------
Petitioners: Richard Heis
Samantha Rae Bewick
Debtor: Schefenacker plc
Castle Trading Estate
East Street, Portchester
Hampshire, England PO 16 9SD
Case No.: 07-11482
Type of Business: The Debtor is a holding company that operates
an international automotive mirrors and
lighting business through its subsidiaries.
See http://www.schefenacker.com/
Its principal financial indebtedness comprises
bank facilities in the aggregate principal
amount of EUR205 million under a New York law-
governed Indenture. In August 2006,
Schefenacker AG (its predecessor), addressing
its increasing concern both with the
operational performance of the Debtor and its
subsidiaries and with the sustainability of
its capital structure, ordered a restructuring
plan.
Discussions on potential restructuring
scenarios culminated in Feb. 6, 2007 in a
binding term sheet entered into among the
Debtor, senior lenders, major customers, and
Dr. Alfred Schefenacher, the sole beneficial
owner of the equity interests in the Debtor,
which provided immediate necessary short term
liquidity to the Debtor and its subsidiaries
and formed the basis for the Company Voluntary
Agreement proposal as an alternative to
liquidation.
In October 2006, the Debtor's senior secured
lenders consented to the transactions required
by the financial restructuring contemplated in
the term sheet, which involved the transfer of
assets and liabilities of Schefenacker AG to
the Debtor.
Also, in Dec. 8, 2006, the majority of the
Debtor's bondholders approved the required
amendment to the Indenture. Along with the
consent of Dr. Schefenacker's and the major
customers, the Debtor assumed all the assets
and liabilities of its predecessor in Feb. 9,
2007.
In March 5, 2007, the Petitioners agreed to be
the Debtor's nominees and joint supervisors \
with respect to the CVA.
Chapter 15 Petition Date: May 15, 2007
Court: Southern District of New York
Judge: Stuart M. Bernstein
Petitioner's Counsel: Kenneth P. Coleman, Esq.
Allen & Overy, L.L.P.
1221 Avenue of Americas
New York, NY 10022
Tel: (212) 610-6300
Fax: (212) 610-6399
Estimated Assets: More than a US$100 Million
Estimated Debts: More than a US$100 Million
SCHIEDER MOEBEL: Founder Rolf Demuth Leaves Managerial Post
-----------------------------------------------------------
Schieder Moebel Holding GmbH reorganized its management three
weeks after averting insolvency proceedings, The Financial Times
reports, citing Frankfurter Allgemeine Zeitung as its source.
According to the report, company founder Rolf Demuth resigned
from his managerial post on May 15, 2007, but will continue to
advise the company.
Alix Partners Managing Director Ulrich Wlecke will be
responsible for the company's restructuring, Financial Times
relates. The new five-member management team will consist of
Mr. Wlecke, Gert-Peter Maekelburger, Detlef Kaufeld, Gregor
Noelle and Axel Schulte.
As reported in the TCR-Europe on April 25, 2007, the company was
able to temporarily avert insolvency after its management,
creditors and bank lenders agreed on a EUR70 million bridging
loan.
TCR-Europe relates that Scheder needs up to EUR65 million in
transition financing to guarantee its liquidity.
Schieder applied for insolvency proceedings at the District
Court of Detmold after incurring debts of nearly EUR300 million
due to high capital costs.
Headquartered in Herford, Germany, Schieder Moebel Holding GmbH
-- http://www.schieder.com/-- designs and manufactures
furniture in Europe. The company has 41 production plants and
employs 11,000 people worldwide, 9,000 of which in Poland. It
had turnover of EUR882 million in the financial year 2005/06 and
forecasts 3.4% turnover growth for year 2006/07.
SENDLER DRUCK: Claims Registration Period Ends June 15
------------------------------------------------------
Creditors of Sendler Druck & Medien GmbH have until June 15 to
register their claims with court-appointed insolvency manager
Bernd Depping.
Creditors and other interested parties are encouraged to attend
the meeting at 8:30 a.m. on July 20, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Bochum
Hall A29
Ground Floor
Main Building
Viktoriastrasse 14
44787 Bochum
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Bernd Depping
Kunibertistrasse 9
45657 Recklinghausen
Germany
The District Court of Bochum opened bankruptcy proceedings
against Sendler Druck & Medien GmbH on April 27. Consequently,
all pending proceedings against the company have been
automatically stayed.
The Debtor can be reached at:
Sendler Druck & Medien GmbH
Karlstr. 37-39
45661 Recklinghausen
Germany
Attn: Hannelore Sendler, Manager
Leuzener Str. 17
48734 Reken
Germany
SOR-I DEUTSCHLAND: Claims Registration Period Ends June 5
---------------------------------------------------------
Creditors of sor-i Deutschland GmbH have until June 5 to
register their claims with court-appointed insolvency manager
Michael Bremen.
Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on June 20, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Duesseldorf
Meeting Hall A 341
Third Floor
Muehlenstrasse 34
40213 Duesseldorf
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Michael Bremen
Sternstr. 58
40479 Duesseldorf
Germany
The District Court of Duesseldorf opened bankruptcy proceedings
against sor-i Deutschland GmbH on May 2. Consequently, all
pending proceedings against the company have been automatically
stayed.
The Debtor can be reached at:
sor-i Deutschland GmbH
Kaiserswerther Strasse 85 e
40878 Ratingen
Germany
Attn: Thomas Niemetz, Liquidator
Dorfstrasse 17 a
82544 Egling
Germany
STAHL-UND INGENIEURGERUESTBAU: Claims Registration Ends June 5
--------------------------------------------------------------
Creditors of Stahl- und Ingenieurgeruestbau Ehrmann + Lang GmbH
have until June 5 to register their claims with court-appointed
insolvency manager Rainer Bachert.
Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on July 9, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Mannheim
Area 232
Second Floor
West Wing
Schloss
68149 Mannheim
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Rainer Bachert
Hauptstr. 161
68259 Mannheim
Germany
Tel: 0621/43288990
The District Court of Mannheim opened bankruptcy proceedings
against Stahl- und Ingenieurgeruestbau Ehrmann + Lang GmbH on
May 1. Consequently, all pending proceedings against the
company have been automatically stayed.
The Debtor can be reached at:
Stahl- und Ingenieurgeruestbau Ehrmann + Lang GmbH
Attn: Antje Lang and Armin Uwe Ehrmann, Managers
Krappitzer Strasse 2
68307 Mannheim
Germany
STEFAN REINCKE: Claims Registration Period Ends June 18
-------------------------------------------------------
Creditors of Stefan Reincke Malerbetrieb GmbH have until June 18
to register their claims with court-appointed insolvency manager
Kerstin Gruettner.
Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on July 16, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Hamburg
Hall B 405
Fourth Floor Annex
Civil Justice Bldg.
Sievkingplatz 1
20355 Hamburg
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Kerstin Gruettner
Neuer Wall 86
20354 Hamburg
Germany
The District Court of Hamburg opened bankruptcy proceedings
against Stefan Reincke Malerbetrieb GmbH on May 2.
Consequently, all pending proceedings against the company have
been automatically stayed.
The Debtor can be reached at:
Stefan Reincke Malerbetrieb GmbH
Bramfelder Chaussee 377
Haus 3
22175 Hamburg
Germany
Attn: Stefan Reincke, Manager
Gellertstrasse 7
22307 Hamburg
Germany
T K MONTAGE: Claims Registration Period Ends June 4
---------------------------------------------------
Creditors of T.K. Montage GmbH have until June 4 to register
their claims with court-appointed insolvency manager
Andreas Mueller-Stein.
Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on July 4, at which time the insolvency
manager will present his first report on the insolvency
proceedings.
The meeting of creditors will be held at:
The District Court of Cologne
Meeting Hall 1240
12th. Floor
Luxemburger Strasse 101
50939 Cologne
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Andreas Mueller-Stein
Schuetzenstr. 5
50126 Bergheim
Germany
The District Court of Cologne opened bankruptcy proceedings
against T.K. Montage GmbH on April 30. Consequently, all
pending proceedings against the company have been automatically
stayed.
The Debtor can be reached at:
T.K. Montage GmbH
Donatusstr. 127 - 129
50259 Pulheim
Germany
Attn: Mehmet Temizkul
Hartwichstr. 62
50733 Cologne
Germany
WEILACHER GMBH: Claims Registration Period Ends June 22
-------------------------------------------------------
Creditors of Weilacher GmbH have until June 22 to register their
claims with court-appointed insolvency manager Paul Wieschemann.
Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on July 23, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Kaiserslautern
Hall 11
Bahnhofstr. 24
67655 Kaiserslautern
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Paul Wieschemann
Flickerstal 2
67657 Kaiserslautern
Kazakhstan
Tel: 0631/341950
Fax: 0631/470269
The District Court of Kaiserslautern opened bankruptcy
proceedings against Weilacher GmbH on May 1. Consequently, all
pending proceedings against the company have been automatically
stayed.
The Debtor can be reached at:
Weilacher GmbH
Hauptstrasse 32
67813 St. Alban
Germany
Attn: Sven Weilacher
Trierer Strasse 78
56072 Koblenz
Germany
WESTCOAST CONSULTING: Claims Registration Period Ends June 5
------------------------------------------------------------
Creditors of Westcoast Consulting GmbH have until June 5 to
register their claims with court-appointed insolvency manager
Dr. Achim Ahrendt.
Creditors and other interested parties are encouraged to attend
the meeting at 2:12 p.m. on June 26, at which time the
insolvency manager will present his first report on the
insolvency proceedings.
The meeting of creditors will be held at:
The District Court of Husum
Saal 4
Theodor-Storm-Strasse 55
Husum
Germany
The Court will also verify the claims set out in the insolvency
manager's report during this meeting, while creditors may
constitute a creditors' committee or opt to appoint a new
insolvency manager.
The insolvency manager can be reached at:
Dr. Achim Ahrendt
Albert-Einstein-Ring 11-15
22761 Hamburg
Germany
The District Court of Husum opened bankruptcy proceedings
against Westcoast Consulting GmbH on May 5. Consequently, all
pending proceedings against the company have been automatically
stayed.
The Debtor can be reached at:
Westcoast Consulting GmbH
Kraemerstrasse 11
25813 Husum
Germany
=============
I R E L A N D
=============
ARDAGH GLASS: Rexam Deal Cues S&P to Lift Rating to B from B-
-------------------------------------------------------------
Standard & Poor's Ratings Services raised its long-term
corporate credit rating on Ireland-based glass-container
manufacturer Ardagh Glass Group PLC and related entities to 'B'
from 'B-', owing to the near completion of its acquisition of
Rexam PLC's (BBB/Negative/A-3) glass container manufacturing
division for EUR660 million, subject to approval from the
antitrust authorities in Poland.
The outlook is positive.
In addition, the ratings on the group's payment-in-kind notes
and related entity Ardagh Glass B.V.'s subordinated bond were
raised to 'CCC+' from 'CCC'. At the same time, the ratings were
removed from CreditWatch, where they were originally placed on
March 13, 2007.
"Ardagh's business risk profile will strengthen following the
acquisition, as the group will gain a stronger market position
as one of the largest glass packaging providers in Europe, a
wider range of products, and a more diverse geographic
presence," said Standard & Poor's credit analyst Izabela
Listowska. With pro forma combined sales of EUR1.3 billion, the
group will have leading market shares in its core markets of
Germany, the U.K., the Nordic region, Benelux countries, and
Poland. This will be underpinned by the relatively recession-
resistant nature of its products, advanced production
technology, and well-invested asset base. In addition, Ardagh's
profitability will benefit from Rexam's higher margin glass
operations, which reported an EBITDA margin of about 19% in 2006
compared with Ardagh's 9% on a stand-alone basis. Expected
integration-related synergies and improved operating
efficiencies should support Ardagh's operating margins over the
medium term.
Ardagh's stand-alone operating margins have been declining in
recent years, to 9% in 2006 from 18% in 2004, owing to:
-- The difficult operating environment in the U.K., where
the group's cost base has been affected by unprecedented
high and volatile natural gas prices, which could not be
recouped from customers given the fixed-price contracts;
and
-- The market demand and supply imbalance following
capacity additions by competitor Quinn Glass Ltd.
Although the U.K. market remains challenging, with natural gas
prices at high levels, the outlook for 2007 has improved
following recent capacity closures and improving pricing
discipline. Furthermore, Ardagh is focusing on improving its
product mix by continuing to replace lower margin with higher
margin contracts.
"The acquisition will result in material additional leverage for
Ardagh. Nevertheless, this is more than offset by improved
earnings from the acquisition, resulting in improved credit
measures," said Ms. Listowska. "Ardagh's pro forma adjusted
debt to EBITDA was about 6x for the 12 months to March 31, 2007,
compared with about 8x for the same period on a stand-alone
basis. S&P expect a growth in earnings to drive an improvement
in the credit measures over the near to medium term."
"The positive outlook reflects our expectation that the ratings
on Ardagh could be raised by one notch in the medium term if the
group's profitability and subsequently its credit measures
improve," said Ms. Listowska. To secure an upgrade S&P would
expect adjusted debt to EBITDA to improve to less than 5.0x and
FFO to debt to about 15%. If the group is not successful in
improving profitability, or if the trading environment
deteriorates, the outlook could be revised to stable.
=========
I T A L Y
=========
ALITALIA SPA: Posts EUR147 Million Pre-Tax Losses for Q1 2007
-------------------------------------------------------------
Alitalia S.p.A. posted EUR147 million in pre-tax losses on
EUR1.06 billion in net revenues for the first quarter ended
March 31, 2007, The Wall Street Journal reports.
The results were slightly better than in 2005, when the carrier
posted EUR157 million in pre-tax losses on EUR965 million in net
revenues, WSJ adds. Alitalia's operating results were also
better in 2006, when it reported a EUR107 million loss compared
with a EUR129 million loss in 2005.
Meanwhile, all three bidders eyeing the Italian government's
39.9% stake in Alitalia have advanced to the next phase of the
auction, Reuters reports.
Antonio Di Pietro, Italian infrastructure minister, told WSJ
that two of the bids for the stake are highly competitive but
can be improved.
About Alitalia
Headquartered in Rome, Italy, Alitalia S.p.A. --
http://www.alitalia.it/-- provides air travel services for
passengers and air transport of cargo on national, international
and inter-continental routes. In Europe, the company reaches 45
airports, with 1,238 flights per week. In the rest of the
world, the Alitalia Group's aircrafts operate out of 32 airports
with 255 flights per week. The Alitalia Group network is
centered on two main airports, Rome Fiumicino and Milan
Malpensa, and includes, as of Sept. 30, 2006, an operating fleet
of 182 aircrafts. The Italian government owns 49.9% of
Alitalia.
Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million
in 2000 and 2001 respectively. Alitalia registered EUR93
million in net profits in 2002 after a EUR1.4 billion capital
injection. The carrier booked consecutive annual net losses of
EUR520 million in 2003, EUR813 million in 2004, and EUR168
million in 2005.
ALITALIA SPA: Three Bidders Qualify to Submit Binding Offers
------------------------------------------------------------
All three consortia eyeing the Italian government's 39.9% stake
in Alitalia S.p.A. have qualified to participate in the next
round of auction, Reuters reports.
Entering the next phase of auction are:
-- OAO Aeroflot and Unicredito Italiano S.p.A.;
-- AirOne S.p.A. and Intesa-San Paolo S.p.A.; and
-- TPG Capital, MatlinPatterson Global Advisers and
Mediobanca
The government gave the bidders until June 30, 2007, to submit
binding offers, Reuters adds. The bidders will be given access
to Alitalia's financial books starting May 24, 2007.
Italian infrastructure minister Antonio Di Pietro told the Wall
Street Journal that two of the bids for the stake are highly
competitive but can be improved.
TCR-Europe earlier reported that Aeroflot and Unicredit will not
seek a third partner to boost their bid, following a reiteration
of support from the Russian government, which owns a majority
stake in the carrier.
Italian press had suggested the TPG consortium might bow out
from the bidding fray after the Italian government barred firms
from entering any of the existing consortia, Reuters relates.
The consortium has earmarked EUR5 billion to acquire and turn
around Alitalia.
Carlo Toto, Air One CEO, however, said EUR5 billion is only
around half of the total investment needed for Alitalia, Reuters
adds.
About Alitalia
Headquartered in Rome, Italy, Alitalia S.p.A. --
http://www.alitalia.it/-- provides air travel services for
passengers and air transport of cargo on national, international
and inter-continental routes. In Europe, the company reaches 45
airports, with 1,238 flights per week. In the rest of the
world, the Alitalia Group's aircrafts operate out of 32 airports
with 255 flights per week. The Alitalia Group network is
centered on two main airports, Rome Fiumicino and Milan
Malpensa, and includes, as of Sept. 30, 2006, an operating fleet
of 182 aircrafts. The Italian government owns 49.9% of
Alitalia.
Despite a EUR1.4 billion state-backed restructuring in 1997,
Alitalia posted net losses of EUR256 million and EUR907 million
in 2000 and 2001 respectively. Alitalia registered
EUR93 million in net profits in 2002 after a EUR1.4 billion
capital injection. The carrier booked consecutive annual net
losses of EUR520 million in 2003, EUR813 million in 2004, and
EUR168 million in 2005.
===================
K A Z A K H S T A N
===================
ASIA DESIGN: Creditors Must File Claims by May 30
-------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Asia Design insolvent.
Creditors have until May 30 to submit written proofs of claim
to:
The Specialized Inter-Regional
Economic Court of Almaty
Office Four
Kassin Str. 2/1
Mamyr 050052
Almaty
Kazakhstan
Tel: 8 (3272) 93-19-22
8 777 559 68-31
8 777 258 50-41
ASSOCIATION SODRUJESTVO: Creditors' Claims Due May 30
-----------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Association Sodrujestvo insolvent.
Creditors have until May 30 to submit written proofs of claim
to:
The Specialized Inter-Regional
Economic Court of Almaty
Office Four
Kassin Str. 2/1
Mamyr 050052
Almaty
Kazakhstan
Tel: 8 (3272) 93-19-22
8 777 559 68-31
8 777 258 50-41
EKIBASTUZ TECHCOMPLECT: Claims Registration Ends June 20
--------------------------------------------------------
The Specialized Inter-Regional Economic Court of Pavlodar has
declared LLP Ekibastuz Techcomplect insolvent.
Creditors have until June 20 to submit written proofs of claim
to:
The Specialized Inter-Regional
Economic Court of Pavlodar
Elgin Str. 100
Pavlodar
Kazakhstan
HALYK BANK: Secures 10-Year Eurobonds for US$700 Million
--------------------------------------------------------
JSC Halyk Bank Kazakhstan disclosed the results of its Eurobond
issue and syndicated loan transaction.
Eurobond Issue
HSBK (Europe) B.V., the special purpose vehicle subsidiary of
JSC Halyk Bank Kazakhstan, successfully placed 10-year Eurobonds
for the principal amount of US$700 million fully guaranteed by
the Bank. The placement followed an intensive 4-day roadshow
in New York, Boston, Los Angeles, London, Frankfurt and Geneva.
Due to the significant interest in the paper it finally priced
at MS+220, which was at the tighter end of the initial guidance
of MS220-230. The deal size of US$700 million was at the upper
end of initial guidance of US$500-700 million, and is the
largest senior Eurobond deal for the Bank. The joint lead
managers were Citigroup and Dresdner Kleinwort.
The benchmark deal was priced at 99.168% and bears a yield for
investors of 7.369% paying a beneficial coupon of 7.250%.
Despite very tight pricing the transaction generated strong
interest from investors attracting approximately US$1.5 billion
in demand from over 100 investors, with a large participation of
US institutional accounts. Geographical distribution includes
the US - over 40%, Europe and U.K. - over 45% and Asia - over
10%. Good distribution was also achieved by investor type with
solid participation of asset managers. The notes were assigned
these ratings: Baa2 (Moody's Investors Service), BB+
(Standard&Poor's) and BB+ (Fitch Ratings).
Syndicated Loan
On April 18, 2007, HSBK (Europe) B.V. entered into a syndicated
loan facility agreement for the principal amount of US$400
million with a 2-year tenor with extension option for one year
fully guaranteed by the Bank.
The benchmark loan bears a margin of 30 bps over LIBOR for the
first 2 years with a step-up margin of 70 bps for the third
year. Due to the strong interest from banks and
oversubscription in the order book, the initial guidance of
US$300 million was increased to US$400 million despite a
relatively tight pricing.
The funds will be used for general corporate purposes of the
Bank, including trade finance operations. The lead arrangers
and bookrunners of the deal were Citibank N.A., London and
Unicredit Group. 26 foreign banks and financial institutions,
including the lead arrangers, from 13 countries participated in
the syndication.
Headquartered in Almaty, Kazakhstan, Halyk Bank --
http://www.halykbank.kz/-- is the largest universal second-tier
bank of Kazakhstan.
* * *
As reported in the TCR-Europe on Jan. 22, Fitch Ratings affirmed
Kazakhstan-based Halyk Bank's ratings at foreign currency Issuer
Default BB+, Short-term foreign currency B, local currency
Issuer Default BBB-, Short-term local currency F3, Individual
C/D, and Support 3. Fitch said the Outlook on the foreign
currency Issuer Default rating remains Positive, and that on the
local currency IDR Stable.
HLEBOZAVOD OJSC: Proof of Claim Deadline Slated for June 22
-----------------------------------------------------------
The Specialized Inter-Regional Economic Court of East Kazakhstan
Region has declared OJSC Glubokovsky Bread Factory Hlebozavod
insolvent on March 25.
Creditors have until June 22 to submit written proofs of claim
to:
The Specialized Inter-Regional
Economic Court of East Kazakhstan Region
Ushanov Str. 78-27
Ust-Kamenogorsk
East Kazakhstan
Kazakhstan
Tel: 8 (3232) 26-24-41
JYLY TOBE: Claims Filing Period Ends June 14
--------------------------------------------
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Jyly Tobe insolvent on March 28.
Creditors have until June 14 to submit written proofs of claim
to:
The Specialized Inter-Regional
Economic Court of Akmola
Abai Str. 89-308
Kokshetau
Akmola
Kazakhstan
OREAL-K LLP: Creditors Must File Claims by June 6
-------------------------------------------------
The Specialized Inter-Regional Economic Court of Almaty has
declared LLP Oreal-K (RNN 092300210146) insolvent.
Creditors have until June 6 to submit written proofs of claim
to:
The Specialized Inter-Regional
Economic Court of Almaty
Jangusurov Str. 113a-208
Taldykorgan
Almaty
Kazakhstan
Tel: 8 (32822) 24-19-17
PTITSEFABRIKA LLP: Creditors' Claims Due June 14
------------------------------------------------
The Specialized Inter-Regional Economic Court of Akmola has
declared LLP Shuchinskaya Battery Farm Ptitsefabrika insolvent
on Jan. 31.
Creditors have until June 14 to submit written proofs of claim
to:
The Specialized Inter-Regional
Economic Court of Akmola
Abai Str. 89-308
Kokshetau
Akmola
Kazakhstan
RISK-INVEST CJSC: Proof of Claim Deadline Slated for June 25
------------------------------------------------------------
Representation of CJSC Risk-Invest has declared insolvency.
Creditors have until June 25 to submit written proofs of claim
to:
CJSC Risk-Invest
Al-Farabi ave. 97-47
Almaty
Kazakhstan or
Tel: 8 (3272) 91-27-93
SHYGYS-KOD LLP: Claims Registration Ends June 22
------------------------------------------------
The Specialized Inter-Regional Economic Court of East Kazakhstan
Region has declared LLP Shygys-Kod insolvent.
Creditors have until June 22 to submit written proofs of claim
to:
The Specialized Inter-Regional
Economic Court of East Kazakhstan Region
Ushanov Str. 78-27
Ust-Kamenogorsk
East Kazakhstan
Kazakhstan
Tel: 8 (3232) 26-24-41
===================
K Y R G Y Z S T A N
===================
RICHNESS LLC: Creditors Must File Claims by July 4
--------------------------------------------------
LLC Richness has declared insolvency. Creditors have until
July 4 to submit written proofs of claim to:
LLC Richness
Pobeda Ave. 121
Lebedinovka
Alamudunsky District
Chui
Kyrgyzstan
===================
L U X E M B O U R G
===================
EVRAZ GROUP: Earns RUR10.37 Billion for First Quarter 2007
----------------------------------------------------------
Evraz Group S.A. released its financial results for the first
quarter ended March 31, 2007, prepared according to Russian
Accounting Standards.
Evraz's posted a 103% year-on-year hike in net profit to
RUR10.37 billion, RIA Novosti reports.
The company attributed the increase in net profit to higher
revenues and higher steel prices in the Russian and global
markets.
About Evraz
Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) --
http://www.evraz.com/-- manufactures and distributes steel and
related products. In addition, the Company owns and operates
certain mining assets. Its steel production and mining
facilities are mainly located in the Russian Federation. It
operates three steel mills in Russia, one mill in the Sverdlovsk
region and two mills in the Kemerovo region.
* * *
Moody's Investors Service confirmed its Ba3 Corporate Family
Rating for Evraz Group S.A. and assigned a Ba3 Probability-of-
Default Rating.
Moody's also assigned these ratings:
* Issuer: Evraz Group S.A.
Projected
Old Debt New Debt LGD Loss-Given
Debt Issue Rating Rating Rating Default
---------- ------- ------- ------ -------
8.25% Senior Unsecured
Regular Bond/
Debenture Due 2015 B2 B2 LGD5 88%
* Issuer: Evraz Securities S.A.
Old Debt New Debt LGD Loss Given
Debt Issue Rating Rating Rating Default
---------- ------- ------- ------ -------
10.875% Senior Unsecured
Regular Bond/
Debenture Due 2009 B1 Ba3 LGD3 47%
In November 2006, Fitch Ratings affirmed Luxembourg-based Evraz
Group S.A.'s Issuer Default and senior unsecured ratings at BB
and its Short-term rating at B.
At the same time, Fitch has affirmed the ratings of Mastercroft
Ltd., Evraz's core subsidiary with most of its assets
concentrated in Russia- at Issuer Default BB and Short-term B.
Evraz Securities SA's senior unsecured rating is affirmed at BB.
Fitch said the Outlooks on the Issuer Default ratings are
Stable.
Standard & Poor's rated Evraz Group's 8-1/4% notes due November
2015 at B+.
EVRAZ GROUP: Major Units' Net Profit Rises in First Quarter 2007
----------------------------------------------------------------
Evraz Group S.A. disclosed that its major Russian operating
subsidiaries1 have filed financial results with the Federal
Financial Markets Service of the Russian Federation for the
three months ended March 31, 2007, prepared in accordance with
Russian Accounting Standards.
Highlights
-- higher sales volumes and b prices for steel products
contributed to further profit growth at NTMK and Zapsib;
The net profit of NTMK and Zapsib for First Quarter 2007
went up 66.3% and 130.7% respectively vs. First Quarter
2006 due to higher sales volumes and a bar pricing
environment in both Russian and export markets.
Net profit fell by 18.4% at Zapsib compared with 4Q 2006
as a result of a marginal decline in sales volumes,
seasonal product mix change and increased production costs
on the back of higher iron ore and scrap prices.
-- KGOK and VGOK profit increased significantly due to higher
prices:
-- The First Quarter 2007 net profit rose to RUR2.29 billion
(+118.2% year-on-year) at KGOK and to RUR366 million at
VGOK due to higher prices and expanded production volumes
driven by b demand from the steel sector.
First Quarter Results for Major Units (in RUR Millions)
1Q 2007 1Q 2006
OAO Nizhny Tagil Iron
and Steel Plant (NTMK)
Revenue 21,143 14,821
Gross profit 6,756 4,636
Operating Profit 5,955 3,920
Net profit 4,545 2,733
OAO West Siberian Iron
and Steel Plant (Zapsib)
Revenue 19,847 14,085
Gross profit 5,331 2,703
Operating profit 4,478 1,941
Net profit 3,162 1,371
OAO Kachkanarsky Mining and
Processing Integrated Works (KGOK)
Revenue 5,215 2,908
Gross profit 3,325 1,409
Operating profit 3,067 1,257
Net profit 2,293 1,051
OAO Vysokogorsky Mining and
Processing Integrated Works (VGOK)
Revenue 1,676 933
Gross profit 708 175
Operating profit 597 99
Net profit 366 (59)
About Evraz
Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) --
http://www.evraz.com/-- manufactures and distributes steel and
related products. In addition, the Company owns and operates
certain mining assets. Its steel production and mining
facilities are mainly located in the Russian Federation. It
operates three steel mills in Russia, one mill in the Sverdlovsk
region and two mills in the Kemerovo region.
* * *
Moody's Investors Service confirmed its Ba3 Corporate Family
Rating for Evraz Group S.A. and assigned a Ba3 Probability-of-
Default Rating.
Moody's also assigned these ratings:
* Issuer: Evraz Group S.A.
Projected
Old Debt New Debt LGD Loss-Given
Debt Issue Rating Rating Rating Default
---------- ------- ------- ------ -------
8.25% Senior Unsecured
Regular Bond/
Debenture Due 2015 B2 B2 LGD5 88%
* Issuer: Evraz Securities S.A.
Old Debt New Debt LGD Loss Given
Debt Issue Rating Rating Rating Default
---------- ------- ------- ------ -------
10.875% Senior Unsecured
Regular Bond/
Debenture Due 2009 B1 Ba3 LGD3 47%
In November 2006, Fitch Ratings affirmed Luxembourg-based Evraz
Group S.A.'s Issuer Default and senior unsecured ratings at BB
and its Short-term rating at B.
At the same time, Fitch has affirmed the ratings of Mastercroft
Ltd., Evraz's core subsidiary with most of its assets
concentrated in Russia- at Issuer Default BB and Short-term B.
Evraz Securities SA's senior unsecured rating is affirmed at BB.
Fitch said the Outlooks on the Issuer Default ratings are
Stable.
Standard & Poor's rated Evraz Group's 8-1/4% notes due November
2015 at B+.
=====================
N E T H E R L A N D S
=====================
KONINKLIJKE AHOLD: To Buy Back EUR3 Billion in Shares
-----------------------------------------------------
Koninklijke Ahold N.V. will repurchase EUR3 billion in shares
from current stakeholders, the Associated Press reports.
The company disclosed the repurchase program after signing a
US$7.1 billion deal to sell its U.S. Foodservice Unit to a
consortium of Clayton, Dubilier & Rice Fund VII, L.P., and
Kohlberg Kravis Roberts & Co L.P.
TCR-Europe reported on April 27, 2007, that Ahold had completed
a note-and-bond repurchase program worth EUR110 million, as part
of its debt reduction strategy.
About Ahold
Headquartered in Amsterdam, Koninklijke Ahold N.V. --
http://www.ahold.com/-- retails food through supermarkets,
hypermarkets and discount stores in North and South America,
Europe. It has operations in Argentina. The company's chain
stores include Stop & Shop, Giant, TOPS, Albert Heijn and
Bompreco. Ahold also supplies food to restaurants, hotels,
healthcare institutions, government facilities, universities,
stadiums, and caterers.
* * *
As reported on Dec. 22, 2006, Standard & Poor's Ratings Services
revised its outlook on the Dutch food retailer and food service
distributor Koninklijke Ahold N.V. to positive from stable. At
the same time, the 'BB+/B' long- and short-term corporate credit
ratings were affirmed.
Moody's Investors Service and Standard and Poor's has assigned
low-B ratings to the company's 5.625% senior notes due 2007.
Also, the company's 5.875% senior unsubordinated notes due 2008
and 6.375% senior unsubordinated notes due 2007 carry Moody's,
S&P's and Fitch's low-B ratings.
===========
R U S S I A
===========
AMBER LLC: Creditors Must File Claims by June 28
------------------------------------------------
Creditors of LLC Trading House Amber have until June 28 to
submit proofs of claim to:
A. Evseev
Insolvency Manager
3rd Kurskaya Str. 15
302004 Orel
Russia
The Arbitration Court of Orel commenced bankruptcy proceedings
against the company after finding it insolvent. The case is
docketed under Case No. A48-5083/06-17B.
The Court is located at:
The Arbitration Court of Orel
Gorkogo Str. 42
302000 Orel
Russia
The Debtor can be reached at:
LLC Trading House Amber
Oktyabrskaya Str. 27
302028 Orel
Russia
BUSH CJSC: Creditors Must File Claims by May 28
-----------------------------------------------
Creditors of CJSC Bush have until May 28 to submit proofs of
claim to:
N. Surmin
Insolvency Manager
Post User Box 171
Petrozavodsk
185035 Kareliya
Russia
The Arbitration Court of Murmansk commenced bankruptcy
proceedings against the company after finding it insolvent. The
case is docketed under Case No. A42-4062/2006.
The Court is located at:
The Arbitration Court of Murmansk
Knipovicha Str. 20
Murmansk
Russia
The Debtor can be reached at:
CJSC Bush
Murmansk
Russia
ENTAZIS CJSC: Novosibirsk Bankruptcy Hearing Slated for July 3
--------------------------------------------------------------
The Arbitration Court of Novosibirsk will convene at 10:00 a.m.
on July 3 to hear the bankruptcy supervision procedure on
CJSC Entazis. The case is docketed under Case No. A45-15647/
06-10/328.
The Temporary Insolvency Manager is:
Y. Korepanov
Temporary Insolvency Manager
Post User Box 4451
634028 Tomsk
Russia
The Court is located at:
The Arbitration Court of Novosibirsk
Kirova Str. 3
630007 Novosibirsk
Russia
The Debtor can be reached at:
CJSC Entazis
Apartment 91
Molodosti Str. 24
Novosibirsk
Russia
EVRAZ GROUP: Earns RUR10.37 Billion for First Quarter 2007
----------------------------------------------------------
Evraz Group S.A. released its financial results for the first
quarter ended March 31, 2007, prepared according to Russian
Accounting Standards.
Evraz's posted a 103% year-on-year hike in net profit to
RUR10.37 billion, RIA Novosti reports.
The company attributed the increase in net profit to higher
revenues and higher steel prices in the Russian and global
markets.
About Evraz
Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) --
http://www.evraz.com/-- manufactures and distributes steel and
related products. In addition, the Company owns and operates
certain mining assets. Its steel production and mining
facilities are mainly located in the Russian Federation. It
operates three steel mills in Russia, one mill in the Sverdlovsk
region and two mills in the Kemerovo region.
* * *
Moody's Investors Service confirmed its Ba3 Corporate Family
Rating for Evraz Group S.A. and assigned a Ba3 Probability-of-
Default Rating.
Moody's also assigned these ratings:
* Issuer: Evraz Group S.A.
Projected
Old Debt New Debt LGD Loss-Given
Debt Issue Rating Rating Rating Default
---------- ------- ------- ------ -------
8.25% Senior Unsecured
Regular Bond/
Debenture Due 2015 B2 B2 LGD5 88%
* Issuer: Evraz Securities S.A.
Old Debt New Debt LGD Loss Given
Debt Issue Rating Rating Rating Default
---------- ------- ------- ------ -------
10.875% Senior Unsecured
Regular Bond/
Debenture Due 2009 B1 Ba3 LGD3 47%
In November 2006, Fitch Ratings affirmed Luxembourg-based Evraz
Group S.A.'s Issuer Default and senior unsecured ratings at BB
and its Short-term rating at B.
At the same time, Fitch has affirmed the ratings of Mastercroft
Ltd., Evraz's core subsidiary with most of its assets
concentrated in Russia- at Issuer Default BB and Short-term B.
Evraz Securities SA's senior unsecured rating is affirmed at BB.
Fitch said the Outlooks on the Issuer Default ratings are
Stable.
Standard & Poor's rated Evraz Group's 8-1/4% notes due November
2015 at B+.
EVRAZ GROUP: Major Units' Net Profit Rises in First Quarter 2007
----------------------------------------------------------------
Evraz Group S.A. disclosed that its major Russian operating
subsidiaries1 have filed financial results with the Federal
Financial Markets Service of the Russian Federation for the
three months ended March 31, 2007, prepared in accordance with
Russian Accounting Standards.
Highlights
-- higher sales volumes and b prices for steel products
contributed to further profit growth at NTMK and Zapsib;
The net profit of NTMK and Zapsib for First Quarter 2007
went up 66.3% and 130.7% respectively vs. First Quarter
2006 due to higher sales volumes and a bar pricing
environment in both Russian and export markets.
Net profit fell by 18.4% at Zapsib compared with 4Q 2006
as a result of a marginal decline in sales volumes,
seasonal product mix change and increased production costs
on the back of higher iron ore and scrap prices.
-- KGOK and VGOK profit increased significantly due to higher
prices:
-- The First Quarter 2007 net profit rose to RUR2.29 billion
(+118.2% year-on-year) at KGOK and to RUR366 million at
VGOK due to higher prices and expanded production volumes
driven by b demand from the steel sector.
First Quarter Results for Major Units (in RUR Millions)
1Q 2007 1Q 2006
OAO Nizhny Tagil Iron
and Steel Plant (NTMK)
Revenue 21,143 14,821
Gross profit 6,756 4,636
Operating Profit 5,955 3,920
Net profit 4,545 2,733
OAO West Siberian Iron
and Steel Plant (Zapsib)
Revenue 19,847 14,085
Gross profit 5,331 2,703
Operating profit 4,478 1,941
Net profit 3,162 1,371
OAO Kachkanarsky Mining and
Processing Integrated Works (KGOK)
Revenue 5,215 2,908
Gross profit 3,325 1,409
Operating profit 3,067 1,257
Net profit 2,293 1,051
OAO Vysokogorsky Mining and
Processing Integrated Works (VGOK)
Revenue 1,676 933
Gross profit 708 175
Operating profit 597 99
Net profit 366 (59)
About Evraz
Headquartered in Luxembourg, Evraz Group S.A. (LSE:EVR) --
http://www.evraz.com/-- manufactures and distributes steel and
related products. In addition, the Company owns and operates
certain mining assets. Its steel production and mining
facilities are mainly located in the Russian Federation. It
operates three steel mills in Russia, one mill in the Sverdlovsk
region and two mills in the Kemerovo region.
* * *
Moody's Investors Service confirmed its Ba3 Corporate Family
Rating for Evraz Group S.A. and assigned a Ba3 Probability-of-
Default Rating.
Moody's also assigned these ratings:
* Issuer: Evraz Group S.A.
Projected
Old Debt New Debt LGD Loss-Given
Debt Issue Rating Rating Rating Default
---------- ------- ------- ------ -------
8.25% Senior Unsecured
Regular Bond/
Debenture Due 2015 B2 B2 LGD5 88%
* Issuer: Evraz Securities S.A.
Old Debt New Debt LGD Loss Given
Debt Issue Rating Rating Rating Default
---------- ------- ------- ------ -------
10.875% Senior Unsecured
Regular Bond/
Debenture Due 2009 B1 Ba3 LGD3 47%
In November 2006, Fitch Ratings affirmed Luxembourg-based Evraz
Group S.A.'s Issuer Default and senior unsecured ratings at BB
and its Short-term rating at B.
At the same time, Fitch has affirmed the ratings of Mastercroft
Ltd., Evraz's core subsidiary with most of its assets
concentrated in Russia- at Issuer Default BB and Short-term B.
Evraz Securities SA's senior unsecured rating is affirmed at BB.
Fitch said the Outlooks on the Issuer Default ratings are
Stable.
Standard & Poor's rated Evraz Group's 8-1/4% notes due November
2015 at B+.
IZMAYLOVSKOYE-1 CJSC: Creditors Must File Claims by May 28
----------------------------------------------------------
Creditors of CJSC Izmaylovskoye-1 (TIN 5515011034) have until
May 28 to submit proofs of claim to:
K. Kiselevskiy
Temporary Insolvency Manager
13th floor
K. Libknekhta Str. 35
644034 Omsk
Russia
The Arbitration Court of Omsk will convene at 2:00 p.m. on
Aug. 21 to hear the company's bankruptcy supervision procedure.
The case is docketed under Case No. A46-1675/2007.
The Debtor can be reached at:
CJSC Izmaylovskoye-1
Tsentralnaya Str. 13
Sorochino
Kalachinskiy
646931 Omsk
Russia
KHAKASIYA LLC: Creditors Must File Claims by May 28
---------------------------------------------------
Creditors of LLC Knitting Factory Khakasiya have until
May 28 to submit proofs of claim to:
L. Sitkina
Insolvency Manager
Yubileynaya Str. 18-53
Chernogorsk
655158 Khakasiya
Russia
The Arbitration Court of Khakasiya commenced bankruptcy
proceedings against the company after finding it insolvent. The
case is docketed under Case No. A74-425/2007.
The Debtor can be reached at:
L. Sitkina
Insolvency Manager
Yubileynaya Str. 18-53
Chernogorsk
655158 Khakasiya
Russia
KUZNITSOVO LLC: Court Starts Bankruptcy Supervision Procedure
-------------------------------------------------------------
The Arbitration Court of Chita commenced bankruptcy supervision
procedure on LLC Kuznitsovo. The case is docketed under Case
No. A78-5244/2006 B-702.
The Insolvency Manager is:
S. Bertunov
Lazo Str. 9, 2
Pervomayskiy
Shilinskiy
673390 Chita
Russia
The Debtor can be reached at:
LLC Kuznitsovo
Kuznitsovo
Aleksandrovo
Zavodskoy
Chita
Russia
MARYEVO-WOOD CJSC: Creditors Must File Claims by May 28
-------------------------------------------------------
Creditors of CJSC Maryevo-Wood (TIN 5308002810) have until
May 28 to submit proofs of claim to:
A. Tsybin
Insolvency Manager
Sovetov Str. 55
Maryevo
175350 Novgorod
Russia
The Arbitration Court of Novgorod commenced bankruptcy
proceedings against the company after finding it insolvent.
The case is docketed under Case No. A44-562/2007.
The Court is located at:
The Arbitration Court of Novgorod
Mikhaylova Str. 25
Velikiy Novgorod
Russia
The Debtor can be reached at:
CJSC Maryevo-Wood
Sovetov Str. 55
Maryevo
175350 Novgorod
Russia
MURMANSKAYA CLOTH: Ryazan Bankruptcy Hearing Slated for July 31
---------------------------------------------------------------
The Arbitration Court of Ryazan will convene at noon on July 31
to hear the bankruptcy supervision procedure on OJSC Murmanskaya
Cloth Factory. The case is docketed under Case No. A54-601/
07-S20.
The Temporary Insolvency Manager is:
N. Simon
Temporary Insolvency Manager
Room 302
Elektrozavodskaya Str. 63
390023 Ryazan
Russia
The Court is located at:
The Arbitration Court of Ryazan
Pochtovaya Str. 43/44
Ryazan
Russia
The Debtor can be reached at:
N. Simon
Temporary Insolvency Manager
Room 302
Elektrozavodskaya Str. 63
390023 Ryazan
Russia
NEW CONSTRUCTIONS: Komi Bankruptcy Hearing Slated for June 24
-------------------------------------------------------------
The Arbitration Court of Komi will convene at 10:30 a.m. on
June 24 to hear the bankruptcy supervision procedure on LLC New
Constructions. The case is docketed under Case No. A29-712/
2007.
The Insolvency Manager is:
V. Nikonorov
Post User Box 79
600000 Vladimir
Russia
The Court is located at:
The Arbitration Court of Komi
Room 407
Ordzhonikidze Str. 49a
Syktyvkar
Russia
The Debtor can be reached at:
LLC New Constructions
Syktyvkar
Komi
Russia
ROSNEFT OIL: Earns US$3.53 Billion in 2006 Under U.S. GAAP
----------------------------------------------------------
OAO Rosneft Oil Co. released its financial results for the full
year ended Dec. 31, 2006, prepared according to U.S. GAAP.
Rosneft posted US$3.53 billion in net profit on RUR33.1 billion
in revenues for 2006, compared with US$4.16 billion in net
profit on US$23.86 billion in revenues for 2005.
The figures, however, exclude the sale of Ronesft's Artic unit,
Sevmorneftegaz, RIA Novosti reports. Counting the transaction,
Rosneft's net profit increased from US$3.62 billion in 2005 to
US$3.63 billion in 2006.
The company attributed the decline in net profit to increased
tax burden, including a 31.2% hike in tax and a 77.8% boost in
export duties.
"Despite industry leading production growth and successful cost
control, in 2006 our earnings and cash flow growth slowed due to
a shortage of downstream capacity compounded by substantially
higher taxes and strong real ruble appreciation," said Rosneft
President Sergey Bogdanchikov. "We have since vastly improved
our downstream capabilities through the recent acquisition of
five refineries in Russia and a network of retail stations. We
are now focused on integrating these assets with recently
acquired production assets to improve our trading performance
and complement our continued leading volume growth with earnings
and cash flow growth. We look forward to providing a
comprehensive update on performance and strategic priorities to
our shareholders in July."
About Rosneft
Headquartered in Moscow, Russia, OAO Rosneft Oil Co. --
http://ns.roilcom.ru/english/-- produces and markets petroleum
products. The Company explores for, extracts, refines and
markets oil and natural gas. Rosneft produces oil in Western
Siberia, Sakhalin, the North Caucasus, and the Arctic regions of
Russia.
* * *
In a TCR-Europe report on Mar. 23, Fitch Ratings notes that
Rosneft's plans to borrow US$22 billion from a group of eight
banks in two credit arrangements of US$13 billion maturing in 12
months and US$9 billion maturing in 18 months is currently
incorporated into the company's local and foreign currency
Issuer Default ratings of 'BB+' Rating Watch Positive.
In a TCR-Europe report on Jan. 16, Standard & Poor's Ratings
Services raised its long-term corporate credit rating on Russian
OJSC Oil Company Rosneft to 'BB+' from 'BB' and removed it from
CreditWatch, where it had been placed with positive implications
on Nov. 15, 2006. S&P said the outlook is developing.
RUS-WOOD CJSC: Court Names G. Artyshuk as Insolvency Manager
------------------------------------------------------------
The Arbitration Court of Tomsk appointed G. Artyshuk as
Insolvency Manager for CJSC Rus-Wood. He can be reached at:
G. Artyshuk
Post User Box 94
Seversk-37
Tomsk
Russia
The Court commenced bankruptcy proceedings against the company
after finding it insolvent. The case is docketed under Case No.
A 67-156/07.
The Court is located at:
The Arbitration Court of Tomsk
Kirova Pr. 10
634050 Tomsk Region
Russia
The Debtor can be reached at:
CJSC Rus-Wood
Kazakhstan Location 4, 2
Aleksandrovskoye
Tomsk
Russia
SHIPYARD 1: Creditors Must File Claims by May 28
------------------------------------------------
Creditors of OJSC Shipyard 1 have until May 28 to submit proofs
of claim to:
N. Surmin
Insolvency Manager
Post User Box 171
Petrozavodsk
185035 Kareliya
Russia
The Arbitration Court of Murmansk commenced bankruptcy
proceedings against the company after finding it insolvent. The
case is docketed under Case No. A42-3973/2006.
The Court is located at:
The Arbitration Court of Murmansk
Knipovicha Str. 20
Murmansk
Russia
The Debtor can be reached at:
OJSC Shipyard 1
Murmansk
Russia
STRUGOKRASNENSKIY DIARY: Creditors Must File Claims by June 28
--------------------------------------------------------------
Creditors of CJSC Strugokrasnenskiy Diary (TIN 6023000713) have
until June 28 to submit proofs of claim to:
O. Akinshin
Insolvency Manager
Post User Box 444
OPS-105
170100 Tver
Russia
The Arbitration Court of Pskov commenced bankruptcy proceedings
against the company after finding it insolvent. The case is
docketed under Case No. A52-3261/2006.
The Court is located at:
The Arbitration Court of Pskov
Nekrasova Str. 23
Pskov
Russia
The Debtor can be reached at:
CJSC Strugokrasnenskiy Diary
Vokzalnaya Str. 3
Strugi Krasnye
181110 Pskov
Russia
VERKHNEKAMSKAYA PHOSPHORITE: Asset Sale Slated for May 29
---------------------------------------------------------
CJSC Contek-Business-Projecting, the bidding organizer for
OJSC Verkhnekamskaya Phosphorite Mine will open a public auction
for the company's properties at 10:00 a.m. on May 29 at:
OJSC Verkhnekamskaya Phosphorite Mine
Komsomolskaya Str. 2
Rudnichnyj
Verkhnekamskiy
612830 Kirov
Russia
Interested participants should deposit an amount equivalent to
5% of the starting price to:
OJSC Verkhnekamskaya Phosphorite Mine
Settlement Account 40702810500000000609
Correspondent Account 30101810500000000609
BIK 043304609
Bidding documents must be submitted to:
OJSC Verkhnekamskaya Phosphorite Mine
Komsomolskaya Str. 2
Rudnichnyj
Verkhnekamskiy
Kirov
Russia
The Debtor can be reached at:
OJSC Verkhnekamskaya Phosphorite Mine
Komsomolskaya Str. 2
Rudnichnyj
Verkhnekamskiy
Kirov
Russia
WOODWORKING COMBINE: Murmansk Court Hearing Slated for July 19
--------------------------------------------------------------
The Arbitration Court of Murmansk will convene on July 19 to
hear the bankruptcy supervision procedure on Federal State
Unitary Enterprise Woodworking Combine of Ministry of Defense of
Russian Federation. The case is docketed under Case No.
A42-195/2007.
The Temporary Insolvency Manager is:
G. Udelnov
Temporary Insolvency Manager
Office L-310
Lyublinskaya Str. 42
109387 Moscow
Russia
The Court is located at:
The Arbitration Court of Murmansk
Knipovicha Str. 20
Murmansk
Russia
The Debtor can be reached at:
Federal State Unitary Enterprise Woodworking Combine of
Ministry of Defense of Russian Federation
Pozdnyakova Str. 4
183017 Murmansk
Russia
ZELENCHUKSKAYA SEL-KHOZ-TEKHNIKA: Claims Filing Ends June 28
------------------------------------------------------------
Creditors of OJSC Zelenchukskaya Sel-Khoz-Tekhnika have until
June 28 to submit proofs of claim to:
M. Amirokov
Insolvency Manager
Naberezhnaya Str. 126a
Cherkessk
369001 Karachaevo Cherkesskaya
Russia
The Arbitration Court of Karachaevo Cherkesskaya commenced
bankruptcy proceedings against the company after finding it
insolvent. The case is docketed under Case No. A25-138/04-8.
The Debtor can be reached at:
OJSC Zelenchukskaya Sel-Khoz-Tekhnika
Karachaevskaya Str. 5
Sorozhevay
Karachaevo Cherkesskaya
Russia
=====================
S W I T Z E R L A N D
=====================
CAFFE BAR: Uri Court Closes Bankruptcy Proceedings
--------------------------------------------------
The Bankruptcy Service of Uri entered April 12 an order closing
the bankruptcy proceedings of LLC caffe bar piazza.
The Bankruptcy Service of Uri can be reached at:
Bankruptcy Service of Uri
6460 Altdorf UR
Switzerland
The Debtor can be reached at:
LLC caffe bar piazza
Rathausplatz 8
6460 Altdorf UR
Switzerland
G-GAMES LLC: Creditors' Liquidation Claims Due May 29
-----------------------------------------------------
Creditors of LLC G-Games have until May 29 to submit their
claims to:
Stefan Zibung
Liquidator
Flurstrasse 27
8302 Kloten
Bulach ZH
Switzerland
The Debtor can be reached at:
LLC G-Games
Lucerne
Switzerland
ISE-HOSPITALITY JSC: Creditors' Liquidation Claims Due May 29
-------------------------------------------------------------
Creditors of JSC iSe-Hospitality have until May 29 to submit
their claims to:
Christian Roos
Liquidator
Pestalozzi Lachenal Patry
Lowenstrasse 1
8001 Zurich
Switzerland
The Debtor can be reached at:
JSC iSe-Hospitality
Zurich
Switzerland
KRISPY KREME: Creditors' Liquidation Claims Due May 29
------------------------------------------------------
Creditors of LLC Krispy Kreme International have until May 29 to
submit their claims to:
Dr. iur. Richard E. Blum
Liquidator
Chamerstrasse 2
6304 Zug
Switzerland
The Debtor can be reached at:
LLC Krispy Kreme International
Zug
Switzerland
RAINER BURRI: Creditors' Liquidation Claims Due May 29
------------------------------------------------------
Creditors of LLC Rainer Burri have until May 29 to submit their
claims to:
Rainer Burri
Liquidator
Hofmattli 8
3661 Uetendorf
Thun BE
Switzerland
The Debtor can be reached at:
LLC Rainer Burri
Uetendorf
Thun BE
Switzerland
ROYAL PARTNERWAHL: Creditors' Liquidation Claims Due May 29
-----------------------------------------------------------
Creditors of LLC Royal Partnerwahl have until May 29 to submit
their claims to:
Walter Keller
Liquidator
Rotistrasse 22
4500 Solothurn
Switzerland
The Debtor can be reached at:
LLC Royal Partnerwahl
Luterkofen-chertswil
Switzerland
STAUBER TRANSPORTE: Aargau Court Starts Bankruptcy Proceedings
--------------------------------------------------------------
The Bankruptcy Court of Aargau commenced bankruptcy proceedings
against LLC Stauber Transporte on March 29.
The Bankruptcy Service of Aargau can be reached at:
Bankruptcy Service of Aargau
Office Oberentfelden
5036 Oberentfelden
Aarau AG
Switzerland
The Debtor can be reached at:
LLC Stauber Transporte
Fallenacker 6
5504 Othmarsingen
Lenzburg AG
Switzerland
T. WISLER: Basel Court Closes Bankruptcy Proceedings
----------------------------------------------------
The Bankruptcy Service of Liestal in Basel-Landschaft entered
April 12 an order closing the bankruptcy proceedings of
JSC T. Wisler.
The Bankruptcy Service of Liestal can be reached at:
Bankruptcy Service of Liestal
4410 Liestal BL
Switzerland
The Debtor can be reached at:
JSC T. Wisler
Industriestrasse 16
4415 Lausen
Liestal BL
Switzerland
UG MANAGEMENT: Creditors' Liquidation Claims Due May 29
-------------------------------------------------------
Creditors of JSC UG Management have until May 29 to submit their
claims to:
Isabel Langenegger
Liquidator
Im Hagen 3
6315 Oberageri ZG
Switzerland
The Debtor can be reached at:
JSC UG Management
Einsiedeln SZ
Switzerland
VOGELE + VILLIGER: Claims Registration Period Ends May 28
---------------------------------------------------------
The Bankruptcy Court of Aargau commenced bankruptcy proceedings
against JSC Vogele + Villiger on April 5.
Creditors have until May 28 to file their written proofs of
claim.
The Bankruptcy Service of Aargau can be reached at:
Bankruptcy Service of Aargau
Office Brugg
5201 Brugg AG
Switzerland
The Debtor can be reached at:
JSC Vogele + Villiger
Hauptstrasse 26
5314 Kleindottingen
Switzerland
=============
U K R A I N E
=============
AGRO-LUCH LLC: Creditors Must File Claims by May 23
---------------------------------------------------
Creditors of LLC Agro-Luch (code EDRPOU 31996443) have until
May 23 to submit written proofs of claim to:
Tatiana Boyko
Liquidator
Serov Str. 134
Stakhanov
94000 Lugansk
Ukraine
The Economic Court of Lugansk commenced bankruptcy proceedings
against the company after finding it insolvent. The case is
docketed under Case No. 22/22b.
The Court is located at:
The Economic Court of Lugansk
Geroiv VVV Square 3a
91000 Lugansk
Ukraine
The Debtor can be reached at:
LLC Agro-Luch
Novostroyny Block 1
Krasny Luch
Slavianoserbsky District
Lugansk
Ukraine
BUSINESS CONCERN: Creditors Must File Claims by May 23
------------------------------------------------------
Creditors of LLC Business Concern (code EDRPOU 33306338) have
until May 23 to submit written proofs of claim to:
LLC Building Firm Building Industry
Liquidator
Pobeda Avenue 136
03115 Kiev
Ukraine
The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent. The case is
docketed under Case No. 23/121-b.
The Court is located at:
The Economic Court of Kiev
B. Hmelnitskij Boulevard 44-B
01030 Kiev
Ukraine
The Debtor can be reached at:
LLC Business Concern
Verkhovinets Str. 1-A
03148 Kiev
Ukraine
CANVIT LLC: Creditors Must File Claims by May 23
------------------------------------------------
Creditors of LLC Canvit (code EDRPOU 32210123) have until May 23
to submit written proofs of claim to:
The Economic Court of Kiev
B. Hmelnitskij Boulevard 44-B
01030 Kiev
Ukraine
The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent. The case is
docketed under Case No. 24/158-b.
The Debtor can be reached at:
LLC Canvit
Pobeda Str. 1
Kiev
Ukraine
GUARANTY MANAGEMENT: Creditors Must File Claims by May 20
---------------------------------------------------------
Creditors of LLC Guaranty Management (code EDRPOU 24258200) have
until May 20 to submit written proofs of claim to:
Jury Ignatchenko
Liquidator
Kotovsky Str. 9
Kozelschina
Poltava
Ukraine
The Economic Court of Kiev commenced bankruptcy proceedings
against the company after finding it insolvent. The case is
docketed under Case No. 24/224-B.
The Court is located at:
The Economic Court of Kiev
B. Hmelnitskij Boulevard 44-B
01030 Kiev
Ukraine
The Debtor can be reached at:
LLC Guaranty Management
Marshal Rybalko Str. 10/8
Kiev
Ukraine
INTERNITE-INDUSTRY LLC: Creditors Must File Claims by May 23
------------------------------------------------------------
Creditors of LLC Internite-Industry (code EDRPOU 34499385) have
until May 23 to submit written proofs of claim to:
Eugene Shevtsov
Liquidator
P.O. Box 3925
49069 Dnipropetrovsk
Ukraine
The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent. The
case is docketed under Case No. B 24/155-07.
The Court is located at:
The Economic Court of Dnipropetrovsk
Kujbishev Str. 1a
49600 Dnipropetrovsk
Ukraine
The Debtor can be reached at:
LLC Internite-Industry
Izmaylovskaya Str. 104
49008 Dnipropetrovsk
Ukraine
KRIVOY ROG: Creditors Must Submit Claims by May 23
--------------------------------------------------
Creditors of OJSC Krivoy Rog Road Machine Station (code EDRPOU
24614356) have until May 23 to submit written proofs of claim
to:
Nikolay Lukashuk
Liquidator
P.O. Box 2558
Krivoy Rog
50051 Dnipropetrovsk
Ukraine
The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent. The
case is docketed under Case No. B 15/202-06.
The Court is located at:
The Economic Court of Dnipropetrovsk
Kujbishev Str. 1a
49600 Dnipropetrovsk
Ukraine
The Debtor can be reached at:
OJSC Krivoy Rog Road Machine Station
Krivoy Rog, Tsimlianskaya Str. 3
Dnipropetrovsk
Ukraine
NEMIROV LLC: Claims Filing Bar Date Set May 20
----------------------------------------------
Creditors of LLC Agricultural Complex Nemirov (code EDRPOU
13342073) have until May 20 to submit written proofs of claim
to:
Anatoly Tushevsky
Temporary Insolvency Manager
40 Years of Victory Str. 27/A/57
Vinnica
Ukraine
The Economic Court of Vinnica commenced bankruptcy supervision
procedure on the company. The case is docketed under Case No.
10/31-07.
The Court is located at:
The Economic Court of Vinnica
Hmelnickiy Str. 7
21036 Vinnica
Ukraine
The Debtor can be reached at:
LLC Agricultural Complex Nemirov
Kalinin Str. 14
Kovalevka
Nemirov District
22830 Vinnica
Ukraine
OKHTYRKA PETROLEUM: Creditors Must File Claims by May 23
--------------------------------------------------------
Creditors of LLC Okhtyrka Petroleum Refinery (code EDRPOU
31525582) have until May 23 to submit written proofs of claim
to:
Sergey Soldatkin
Liquidator
P.O. Box 30
40014 Sumy
Ukraine
The Economic Court of Sumy commenced bankruptcy proceedings
against the company after finding it insolvent. The case is
docketed under Case No. 8/589-06.
The Court is located at:
The Economic Court of Sumy
Shevchenko Avenue 18/1
40030 Sumy
Ukraine
The Debtor can be reached at:
LLC Okhtyrka Petroleum Refinery
Lenin Str. 10
Malaya Pavlovka
Okhtyrka District
Sumy
Ukraine
VARIANT LLC: Creditors Must Submit Claims by May 23
---------------------------------------------------
Creditors of LLC Specialized Center of Technical Service Variant
(code EDRPOU 25013759) have until May 23 to submit written
proofs of claim to:
Igor Morozov
Liquidator
P.O. Box 2734
49044 Dnipropetrovsk
Ukraine
The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent. The
case is docketed under Case No. B 24/405-06.
The Court is located at:
The Economic Court of Dnipropetrovsk
Kujbishev Str. 1a
49600 Dnipropetrovsk
Ukraine
The Debtor can be reached at:
LLC Specialized Center of Technical Service Variant
Gogol Str. 20
49044 Dnipropetrovsk
Ukraine
VOSTOCK-TIRAN LLC: Creditors Must File Claims by May 23
-------------------------------------------------------
Creditors of LLC Vostock-Tiran (code EDRPOU 33247636) have until
May 23 to submit written proofs of claim to:
Eugene Shevtsov
Liquidator
P.O. Box 49069
49069 Dnipropetrovsk
Ukraine
The Economic Court of Dnipropetrovsk commenced bankruptcy
proceedings against the company after finding it insolvent. The
case is docketed under Case No. B 24/154-07.
The Court is located at:
The Economic Court of Dnipropetrovsk
Kujbishev Str. 1a
49600 Dnipropetrovsk
Ukraine
The Debtor can be reached at:
LLC Vostock-Tiran
Quay of Victory Str. 44/1
49000 Dnipropetrovsk
Ukraine
===========================
U N I T E D K I N G D O M
===========================
ARC-FAB LTD: T. Papanicola Leads Liquidation Procedure
------------------------------------------------------
T. Papanicola of Bond Partners LLP was appointed liquidator of
Arc-Fab Ltd. on May 3 for the creditors' voluntary winding-up
procedure.
Bond Partners LLP -- http://www.bondpartners.co.uk/--
specializes in: audit and assurance, taxation, corporate
recovery, business rescue and insolvency, bookkeeping services,
as well as financial services through Bond Financial Network.
The company can be reached at:
Arc-Fab Ltd.
6 Bursley Way
Newcastle
ST5 8JE
England
Tel: 01782 850 532
Fax: 01782 253 397
AVALON SCHOOL: Appoints T. Papanicola as Liquidator
---------------------------------------------------
T. Papanicola of Bond Partners LLP was appointed liquidator of
Avalon School of English Ltd. on May 3 for the creditors'
voluntary winding-up proceeding.
Bond Partners LLP -- http://www.bondpartners.co.uk/--
specializes in: audit and assurance, taxation, corporate
recovery, business rescue and insolvency, bookkeeping services,
as well as financial services through Bond Financial Network.
The company can be reached at:
Avalon School of English Ltd.
8 Denmark Street
Camden
London
WC2H 8LS
England
Tel: 020 7379 1998
Fax: 020 7916 5261
BARNEL BUILDING: Taps Liquidators from Lines Henry
--------------------------------------------------
Neil Henry and Michael Simister of Lines Henry were appointed
joint liquidators of Barnel Building Services Ltd. on May 3 for
the creditors' voluntary winding-up procedure.
The company can be reached at:
Barnel Building Services Ltd.
45 Cinnamon Lane
Fearnhead
Warrington
WA2 0AG
England
Tel: 01925 812 662
CALL-A-KEG LTD: Unsecured Creditors May Not Recover Claims
----------------------------------------------------------
Unsecured creditors of Call-A-Keg Ltd., Marbelles Ltd.,
Camperdown Construction Ltd., P&J Taverns Ltd., and Demryan
Property Company Ltd. may not be able to recover a total of
GBP770,000 in claims from the Dundee-based businesses, The
Aberdeen Press & Journal reports, citing a spokesman for
receivers Kroll Limited.
According to the Kroll spokesman, the five companies formerly
owned by brothers Jimmy and Peter Marr owed Bank of Scotland an
amount exceeding that of the unsecured creditors' claims.
The recovery of assets, however, had been "reasonably good," the
spokesman added.
The companies, which have over 300 creditors, went into
receivership in February. Fraser J. Gray and David J.
Whitehouse of Kroll were appointed joint receivers.
The spokesman revealed that only a few of the creditors attended
the statutory meetings at Dundee's Apex City Quay Hotel on
May 12.
Tayside Food and Drink Services, another business run by the
Marr brothers, was also placed in administration, The Aberdeen
Press & Journal relates.
Creditors of Call-A-Keg Ltd, Marbelles Ltd, Camperdown
Construction Ltd, P&J Taverns Ltd and Demryan Property Company
Ltd were given the chance to attend statutory meetings at the
Apex City Quay Hotel yesterday, but few turned up.
CAMPION MCCALL: Joint Liquidators Take Over Operations
------------------------------------------------------
Asher Miller and David Rubin were appointed joint liquidators of
Campion McCall Ltd. (formerly Ian McCall International Ltd.) on
May 1 for the creditors' voluntary winding-up proceeding.
The company can be reached at:
Campion McCall Ltd.
22-23 Widegate Street
City of London
London
E1 7HP
England
Tel: 020 7377 8585
Fax: 020 7950 1088
EUROFRESH DESIGNS: Calls In Liquidator from HKM LLP
---------------------------------------------------
Jason Groocock of HKM LLP was appointed liquidator of Eurofresh
Designs Ltd. on April 30 for the creditors' voluntary winding-up
procedure.
HKM LLP -- http://www.hkm.co.uk/-- is an independent and
regulated firm of accountants, business and taxation advisors
and insolvency specialists. In July 2004, HKM Harlow Khandhia
Mistry changed its business status to become a limited liability
partnership and is now known as HKM LLP.
The company can be reached at:
Eurofresh Designs Ltd.
Unit 10 St. Marys Works
Burnmoor Street
Leicester
LE2 7JL
England
Tel: 0116 255 3255
Fax: 0116 276 1319
FOODCORP LTD: First Lifestyle Buy Prompts S&P to Remove Watch
-------------------------------------------------------------
Standard & Poor's Ratings Services removed from CreditWatch and
affirmed its 'B+' corporate credit and senior secured debt
ratings on South African food manufacturer Foodcorp Ltd. This
follows the company's proposed debt-financed acquisition of 80%
of First Lifestyle Ltd. and related proposed tap issue. The
outlook is negative.
At the same time, the existing recovery rating on the senior
secured bonds was affirmed at '3', reflecting meaningful
recovery of principal (50%-80%) in an event of default. The
corporate credit and debt ratings were originally placed on
CreditWatch on April 3, 2007, when Foodcorp's proposed
acquisition of First Lifestyle was first announced.
"We expect the increased leverage stemming from the acquisition
of First Lifestyle, notably as a result of the planned tap issue
for the euro equivalent of South African rand 1,335 million will
be compensated by the business benefits of the deal," said
Standard & Poor's credit analyst Philip Temme.
The company is also planning a South African rand 215 million
rights issue, which would be used to repay mezzanine debt and
preference shares and would be beneficial to its credit profile.
Pro forma debt to EBITDA on projected completion of all three
transactions at Aug. 31, 2007, is expected to be about 5.3x.
Although debt levels will decline only slowly thereafter, the
company's overall earnings capacity will improve.
Foodcorp's financial profile will likely remain at a level not
wholly consistent with the ratings in the initial period
following the acquisition of First Lifestyle. Specifically,
this level is defined as adjusted debt to EBITDA of less than
5x. The deal will bring business benefits which, in the absence
of further acquisitions, have the capacity to improve credit
metrics over time as the full earnings potential of the First
Lifestyle acquisition is realized and free operating cash flow
measures improve from financial 2009 onward. There is minimal
leeway within the ratings for the company to pay dividends for
the first few years of the refinancing. Additionally, the
ratings assume that both the proposed tap and rights issues are
successfully completed within three months.
Should the company fail to demonstrate progress toward achieving
the 5x target level by year-end 2008, the ratings could be
lowered. Conversely, should incremental earnings from the
acquisition enable Foodcorp to achieve and sustain a financial
profile commensurate with the ratings (including total interest
cover over 2.3x and positive free operating cash flows after
capital expenditure), Standard & Poor's would consider revising
the outlook to stable.
HALLMARQUE ASSISTANCE: Names C. H. I. Moore Liquidator
------------------------------------------------------
C. H. I. Moore of K.J.Watkin & Co was appointed liquidator of
Hallmarque Assistance Ltd. on March 20 for the creditors'
voluntary winding-up proceeding.
The company can be reached at:
Hallmarque Assistance Ltd.
Unit 4 The Courtyard
Roman Way
Coleshill
Birmingham
B46 1HQ
England
Tel: 01675 466 000
Fax: 01675 464 000
IMAGETRACK LTD: Brings In Liquidators from Shipleys LLP
-------------------------------------------------------
R. D. Smailes and S. B. Ryman of Shipleys LLP were appointed
joint liquidators of Imagetrack Ltd. on April 27 for the
creditors' voluntary winding-up procedure.
The company can be reached at:
Imagetrack Ltd.
Beaumount House
Corbetts Lane
Caerphilly
CF83 3HX
Wales
Tel: 029 2080 7729
NEWFIELD EXPLORATION: Fitch Hands BB+ IDR on Rocky Mountain Buy
---------------------------------------------------------------
Fitch Ratings has affirmed Newfield Exploration Company's Issuer
Default Rating at 'BB+' after the company has announced that it
will acquire Stone Energy's Rocky Mountain assets for
US$575 million. Fitch also affirms these ratings on Newfield
with a Stable Rating Outlook:
-- Issuer Default Rating 'BB+';
-- Senior unsecured 'BB+';
-- Senior unsecured bank facility 'BB+';
-- Senior subordinated notes 'BB-'.
The rating action reflects Newfield's announcement to acquire
proved reserves of 200 Bcfe and probable and possible reserves
of more than 150 Bcfe in the Rocky Mountains for US$575 million
(US$2.88/mcfe or US$17.25/boe of proven reserves) from Stone
Energy. The acquired reserves are 70% natural gas, 52% proved
developed and currently produce approximately 40 MMcfe per day,
resulting in a reserve life of nearly 15 years.
The acquisition is expected to add nearly 600,000 net acres and
will build upon Newfield's existing presence in the Uinta Basin,
which it acquired in its 2004 acquisition of Inland Resources.
Fitch expects the company to finance the transaction initially
with borrowings on the company's US$1 billion credit facility,
with proceeds generated from divesting assets used to repay
borrowings during the second half of the year.
While complete details on assets to be divested have yet to be
released, Newfield's U.K. North Sea properties (Grove field) as
well as its producing properties in Bohai Bay, China are
expected to be on the list. Additional divestitures are
expected to come from the company's onshore Texas Gulf Coast,
Mid-Continent and shallow water Gulf of Mexico properties.
Target proceeds from asset sales have yet to be released by
Newfield; however, Fitch anticipates proceeds should at least
approximate the US$575 million purchase price for the Rocky
Mountains acquisition and could exceed this level.
As a result of the proposed acquisition, the company's
significant capex budget in 2007 (resulting in negative free
cash flows of US$400 million-US$500 million) and due to the
US$125 million of 7.45% senior notes coming due in October of
this year, liquidity is likely to come under pressure and Fitch
would expect Newfield to increase the borrowing capacity of the
credit facility. In addition, Fitch believes it is likely that
the company will look to term out some of the revolver
borrowings later in the year.
Success in growing 2007 production to the guidance range of 265-
279 Bcfe (unadjusted for planned acquisitions and divestitures)
combined with the generation of excess proceeds (greater than
US$575 million) from divestments will be key drivers to
Newfield's debt balance at year-end 2007. Fitch will monitor
the company's success in minimizing year-end 2007 debt levels,
combined with expectations for free cash flows in 2008 as key
drivers for future rating and/or outlook changes.
Credit metrics were strong at year-end 2006 as Newfield
generated EBITDA of US$1.211 billion during the year and
provided interest coverage of 13.9 times and leverage, as
measured by debt-to-EBITDA, of 1.0x. Free cash flow during 2006
was negative US$322 million and is expected to remain negative
in 2007 as the company aggressively develops the Woodford Shale
resource play. At year-end 2006, debt/boe of proven reserves
was US$3.10/boe (US$.517/mcfe) and debt/boe of proven developed
reserves was US$4.74/boe (US$.79/mcfe). While the proposed
acquisition, net of divestments, is not expected to materially
increase debt levels on a per boe basis, borrowings to support
the capital spending program could result in increased debt/boe
and debt/PDP.
Newfield's credit profile should continue to benefit from high
commodity prices and the company's active hedging program, which
reduce exposure to near-term commodity price volatility. While
interest expense and production costs are expected to rise,
increased production levels should mitigate this increase.
Continued success in organic reserve additions are expected to
minimize the impact to leverage metrics on a debt/boe and
debt/PDP basis.
Newfield is a mid-sized oil and gas exploration and production
company headquartered in Houston, Texas. Newfield has
operations in several major regions of the United States
(shallow and deep water Gulf of Mexico, Mid-Continent, South
Texas, and Rocky Mountains), as well as international offshore
operations in the U.K. North Sea, Malaysia, and China. At YE
2006, Newfield's reserves had grown to nearly 379 mmboe, of
which 65% was proven developed and 70% natural gas.
PAINT POTS: Taps Paul James Fleming to Liquidate Assets
-------------------------------------------------------
Paul James Fleming of Parkin S. Booth & Co. was appointed
liquidator of Paint Pots Nursery Ltd. on May 3 for the
creditors' voluntary winding-up procedure.
Parkin S. Booth & Co http://www.parkinsbooth.co.uk/-- deals
entirely with insolvency practice.
The company can be reached at:
Paint Pots Nursery Ltd.
Bracken House
Charles Street
Manchester
M1 7BD
England
Tel: 0161 950 0025
SHELDEN CURTAINS: Appoints Lane Bednash as Liquidator
-----------------------------------------------------
Lane Bednash of Valentine & Co. was appointed liquidator of
Shelden Curtains Ltd. on May 2 for the creditors' voluntary
winding-up procedure.
The company can be reached at:
Shelden Curtains Ltd.
Unit D4 Seedbed Centre
Loughton
IG10 3TQ
England
Tel: 020 8787 7099
THORNSHAW LTD: Hires Brendan Doyle to Liquidate Assets
------------------------------------------------------
Brendan Doyle was appointed liquidator of Thornshaw Ltd. on
May 3 for the creditors' voluntary winding-up proceeding.
The company can be reached at:
Thornshaw Ltd.
Unit 6
Raven Close
Bridgend Industrial Estate
Bridgend
CF31 3RF
Wales
Tel: 01656 669 024
Fax: 01656 669 068
TIFFIN LONDON: Names Michaela Joy Hall Liquidator
-------------------------------------------------
Michaela Joy Hall of Harris Lipman LLP was appointed liquidator
of Tiffin (London) Ltd. on May 2 for the creditors' voluntary
winding-up procedure.
The company can be reached at:
Tiffin (London) Ltd.
The Bungalow
Batchworth Heath Farm
Rickmansworth
WD3 1QB
England
Tel: 0800 037 5203
WEBFREIGHT SAMEDAY: Appoints Liquidators from Tait Walker
---------------------------------------------------------
Gordon S. Goldie and Allan David Kelly of Tait Walker were
appointed joint liquidators of Webfreight (Sameday) Ltd. on
May 4 for the creditors' voluntary winding-up procedure.
Tait Walker -- http://www.taitwalker.co.uk/-- provides
financial advisory services that include corporate finance,
audit and specialized audit, accounts, forensic accounting,
outsourcing, business development, business taxes and VAT,
company pension, schemes, company financial services, IT
consultancy, business disposals and acquisitions.
The company can be reached at:
Webfreight (Sameday) Ltd.
Unit 30
New York Way
New York Industrial Park
Newcastle Upon Tyne
NE27 0QF
England
Tel: 0191 296 2211
Fax: 0191 272 8222
WORLD GYM: Joint Liquidators Take Over Operations
-------------------------------------------------
Mark Elijah Thomas Bowen and Nigel Price of Moore Stephens LLP
were appointed joint liquidators of World Gym Ltd. on May 8 for
the creditors' voluntary winding-up procedure.
Moore Stephens -- http://www.moorestephens.co.uk/-- offers
audit, business support, corporate finance, corporate recovery,
dispute analysis, financial services, insurance broking, IT
consultancy, pensions audit, risk advisory services, tax and
trusts & estates services. Its U.K. network comprises over
1,400 partners and staff.
The company can be reached at:
World Gym Ltd.
86 Bull Street
Birmingham
B4 6AB
England
Fax: 0121 212 0251
* Upcoming Meetings, Conferences and Seminars
---------------------------------------------
May 17-18, 2007
TURNAROUND MANAGEMENT ASSOCIATION
6th Annual Great Lakes Regional Conference
Renaissance Quail Hollow Resort, Painesville, Ohio
Contact: http://www.turnaround.org/
May 17, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Enterprise Valuation / Sale of the Distressed Business
Athletic Club, Seattle, Washington
Contact: http://www.turnaround.org/
May 17, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Women's Networking Lunch
TBD, Arizona
Contact: 623-581-3597 or www.turnaround.org/
May 18, 2007
TURNAROUND MANAGEMENT ASSOCIATION
13 Week CF Program
Kansas City, Missouri
Contact: http://www.turnaround.org/
May 21, 2007
TURNAROUND MANAGEMENT ASSOCIATION
LI-TMA Annual Golf Outing
TBD, Long Island, New York
Contact: 631-251-6296 or http://www.turnaround.org/
May 22, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Hedge Funds
Standard Club, Chicago, Illinois
Contact: http://www.turnaround.org/
May 23, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Networking Breakfast
Calaloo Caf,, Morristown, New Jersey
Contact: 908-575-7333 or www.turnaround.org/
May 23, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Buying Assets in Bankruptcy - Opportunities and Pitfalls
McCormick & Schmick's, Las Vegas, Nevada
Contact: http://www.turnaround.org/
May 24, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Spring Social
La Brasserie, Toronto, Ontario
Contact: 416-867-2300 or http://www.turnaround.org/
May 24, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Scotch & Cigar Night
Buena Vista Cigar Club, Beverly Hills, California
Contact: 310-458-2081 or http://www.turnaround.org/
May 24-25, 2007
BEARD GROUP AND RENAISSANCE AMERICAN CONFERENCES
Fourth Annual Conference on Distressed Investing Europe
Maximizing Profits in the European Distressed Debt
Market
Le Meridien Piccadilly Hotel - London, UK
Contact: 800-726-2524;
http://renaissanceamerican.com/
May 24, 2007
TURNAROUND MANAGEMENT ASSOCIATION
TMA Arizona and RMA Joint Meeting
Hotel Valley Ho, Scottsdale, Arizona
Contact: http://www.turnaround.org/
May 28, 2007
TURNAROUND MANAGEMENT ASSOCIATION
TMA - ANZ Great Debate
ANZ Bank, Sydney, Australia
Contact: http://www.turnaround.org/
May 29, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Luncheon - Bankruptcy Judges Panel
Citrus Club, Orlando, Florida
Contact: http://www.turnaround.org/
May 30-31, 2007
FINANCIAL RESEARCH ASSOCIATES
Distressed Debt
Harvard Club, New York, New York
Contact: http://www.frallc.com/
May 31, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Wine Tasting and Casino Night
Mayfair Farms, West Orange, New Jersey
Contact: 908-575-7333 or http://www.turnaround.org/
May 31, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Breakfast Speaker Series
E&Y Tower, Calgary, Alberta
Contact: http://www.turnaround.org/
May 31 - June 1, 2007
TURNAROUND MANAGEMENT ASSOCIATION
2nd Annual TMA Southeast Regional Conference
Marriott Resort at Grande Dunes
Myrtle Beach, South Carolina
Contact: http://www.turnaround.org/
May 31 - June 2, 2007
AMERICAN LAW INSTITUTE - AMERICAN BAR ASSOCIATION
Partnerships, LLCs, and LLPs: Uniform Acts, Taxation,
Drafting, Securities, and Bankruptcy
Baltimore, Maryland
Contact: 1-800-CLE-NEWS; http://www.ali-aba.org/
June 4, 2007
TURNAROUND MANAGEMENT ASSOCIATION
TMA NY Golf & Tennis Outing
Fresh Meadow Country Club, Lake Success, New York
Contact: 646-932-5532 or http://www.turnaround.org/
June 4-7, 2008
ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
24th Annual Bankruptcy & Restructuring Conference
JW Marriott Spa and Resort, Las Vegas, Nevada
Contact: http://http://www.airacira.org/
June 6-8, 2007
TURNAROUND MANAGEMENT ASSOCIATION
5th Annual Mid-Atlantic Regional Symposium
Borgata Hotel Casino & Spa
Atlantic City, New Jersey
Contact: http://www.turnaround.org/
June 6-9, 2007
ASSOCIATION OF INSOLVENCY & RESTRUCTURING ADVISORS
23rd Annual Bankruptcy & Restructuring Conference
Westin River North, Chicago, Illinois
Contact: http://www.airacira.org/
June 6, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Golf Tournament
Northview Golf and Country Club, Vancouver, British
Columbia
Contact: 206-223-5495 or
http://www.turnaround.org/
June 7, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Dinner Event - Networking
University Club, Portland, Oregon
Contact: 206-223-5495 or http://www.turnaround.org/
June 7, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Looking Over the Edge, Successful Resolutions out of
Bankruptcy
IDS Center, Minneapolis, Minnesota
Contact: http://www.turnaround.org/
June 7-8, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Mealey's Asbestos Bankruptcy Conference
Intercontinental Hotel, Chicago, Illinois
Contact: http://www.turnaround.org/
June 12, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Association for Corporate Growth Arizona Chapter Meeting
Biltmore Hotel, Phoenix, Arizona
Contact: http://www.turnaround.org/
June 14, 2007
BEARD AUDIO CONFERENCES
IP Rights In Bankruptcy
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
June 14, 2007
TURNAROUND MANAGEMENT ASSOCIATION
ACG/TMA Annual Pacific Northwest Golf Tournament
Washington National Golf Club, Auburn, Washington
Contact: 206-223-5495 or http://www.turnaround.org/
June 14, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Economic Update at the 1/2 Year Mark
University Club, Portland, Oregon
Contact: http://www.turnaround.org/
June 14-17, 2007
AMERICAN BANKRUPTCY INSTITUTE
Central States Bankruptcy Workshop
Grand Traverse Resort, Traverse City, Michigan
Contact: 1-703-739-0800; http://www.abiworld.org/
June 19, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Networking Breakfast
Clarion Hotel, Princeton, New Jersey
Contact: 908-575-7333 or www.turnaround.org/
June 20, 2007
TURNAROUND MANAGEMENT ASSOCIATION
7th Annual Charity Golf Outing
Harborside International, Chicago, Illinois
Contact: 815-469-2935 or http://www.turnaround.org/
June 20, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Bank Workout Panel
Oak Hill Country Club, Rochester, New York
Contact: http://www.turnaround.org/
June 21, 2007
TURNAROUND MANAGEMENT ASSOCIATION
7th Annual TMA Toronto Golf Social
Board of Trade Country Club, Woodbridge, Ontario
Contact: 416-867-2300 or http://www.turnaround.org/
June 21, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Valuing Distressed and Troubled Companies
Denver Athletic Club, Denver, Colorado
Contact: http://www.turnaround.org/
June 21, 2007
INTERNATIONAL WOMEN'S INSOLVENCY & RESTRUCTURING
CONFEDERATION
Corporate Reorganization Conference
(2nd Annual IWIRC Woman of the Year Award)
Chicago, Illinois
Contact: http://www.iwirc.org/
June 21, 2007
NEW YORK SOCIETY OF SECURITY ANALYSTS
Career Chat: Emerging Careers in Distressed Securities
New York, New York
Contact: http://www.nyssa.org/
June 21-22, 2007
BEARD GROUP AND RENAISSANCE AMERICAN CONFERENCES
Tenth Annual Conference on Corporate Reorganizations
Successful Strategies for Restructuring Troubled
Companies
The Millennium Knickerbocker Hotel - Chicago
Contact: 800-726-2524;
http://renaissanceamerican.com/
June 25-26, 2007
STRATEGIC RESEARCH INSTITUTE
10th Annual Distressed Debt Investing Summit
Helmsley Hotel, New York, New York
Contact: http://www.srinstitute.com/
June 26, 2007
BEARD AUDIO CONFERENCES
Partnerships in Bankruptcy: Unwinding The Deal
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
June 26, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Luncheon - Bankruptcy Judges Panel
Centre Club, Tampa, Florida
Contact: http://www.turnaround.org/
June 26-27, 2007
AMERICAN CONFERENCE INSTITUTE
Distressed Condo Projects: Turnaround and Workout
Strategies
Trump International Sonesta Beach Resort
Sunny Isles, Florida
Contact: http://www.americanconference.com/
June 28 - July 1, 2007
NORTON INSTITUTES
Norton Bankruptcy Litigation Institute
Jackson Lake Lodge, Jackson Hole, Wyoming
Contact: http://www2.nortoninstitutes.org/
July 5, 2007
TURNAROUND MANAGEMENT ASSOCIATION
SummerFest
Milwaukee's Lake Front, Milwaukee, Wisconsin
Contact: 815-469-2935 or http://www.turnaround.org/
July 12, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Luncheon - Bankruptcy Judges Panel
University Club, Jacksonville, Florida
Contact: http://www.turnaround.org/
July 12-15, 2007
AMERICAN BANKRUPTCY INSTITUTE
Northeast Bankruptcy Conference
Marriott, Newport, Rhode Island
Contact: 1-703-739-0800; http://www.abiworld.org/
July 12, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Young Professionals Billiards Night
TBD, New Jersey
Contact: 908-575-7333 or http://www.turnaround.org/
July 13, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Body of Knowledge - CTP Review Class
Chicago, Illinois
Contact: http://www.turnaround.org/
July 18, 2007
TURNAROUND MANAGEMENT ASSOCIATION
South Florida Dinner
TBA, South Florida
Contact: 561-882-1331 or http://www.turnaround.org/
July 19, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Mystic Blue Boat Cruise
Navy Pier, Chicago, Illinois
Contact: 815-469-2935 or http://www.turnaround.org/
July 19, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Young Professionals Networking Event
Location TBA, Philadelphia, Pennsylvania
Contact: 215-657-5551 or http://www.turnaround.org/
July 23, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Charity Networking Event
Loews Hotel, Philadelphia, Pennsylvania
Contact: 215-657-5551 or http://www.turnaround.org/
July 23-24, 2007
FINANCIAL RESEARCH ASSOCIATES
Financial Restructuring 101 & 102
The Flatotel, New York, New York
Contact: http://www.frallc.com/
July 25-28, 2007
AMERICAN BANKRUPTCY INSTITUTE
12th Annual Southeast Bankruptcy Workshop
The Sanctuary, Kiawah Island, South Carolina
Contact: http://www.abiworld.org/
July 26, 2007
TURNAROUND MANAGEMENT ASSOCIATION
TMA Arizona Chapter Meeting
Contact: http://www.turnaround.org/
July 26, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Golf Social Event
Crystal Lake Golf Club, Lakeville, Minnesota
Contact: 612-708-0258 or http://www.turnaround.org/
July 27, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Colorado Chapter Annual Golf Tournament
Kings Deer Golf Club, Monument, Colorado
Contact: 303-847-5026 or http://www.turnaround.org/
July 30, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Annual Golf Outing
Raritan Valley Country Club, Bridgewater, New Jersey
Contact: 908-575-7333 or http://www.turnaround.org/
July 31, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Enterprise Florida: Improving Florida's
Business Climate and Helping Florida Companies
Market Overseas
Citrus Club, Orlando, Florida
Contact: http://www.turnaround.org/
Aug. 3, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Women's Spa Event
Short Hills Hilton, Livingston, New Jersey
Contact: 908-575-7333 or http://www.turnaround.org/
Aug. 9, 2007
BEARD AUDIO CONFERENCES
Technology as a Competitive Advantage For Today's Legal
Processes
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
Aug. 9-11, 2007
AMERICAN BANKRUPTCY INSTITUTE
3rd Annual Mid-Atlantic Bankruptcy Workshop
Hyatt Regency Chesapeake Bay
Cambridge, Maryland
Contact: http://www.abiworld.org/
Aug. 10, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Body of Knowledge - CTP Review Class
Chicago, Illinois
Contact: http://www.turnaround.org/
Aug. 16, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Colorado Chapter Annual Brew Pub & Pool Social
Wynkoop Brewing Company, Denver, Colorado
Contact: 303-847-5026 or http://www.turnaround.org/
Aug. 23-26, 2007
NATIONAL ASSOCIATION OF BANKRUPTCY JUDGES
NABT Convention
Drake Hotel, Chicago, Illinois
Contact: http://www.nabt.com/
Aug. 24, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Annual Fishing Trip
Point Pleasant, New Jersey
Contact: 908-575-7333 or http://www.turnaround.org/
Aug. 28, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Luncheon - Healthcare Panel
Centre Club, Tampa, Florida
Contact: http://www.turnaround.org/
Aug. 29-30, 2007
TURNAROUND MANAGEMENT ASSOCIATION
3rd Annual Northeast Regional Conference
Gideon Putnam Resort and Spa, Saratoga Springs,
New York
Contact: http://www.turnaround.org/
Sept. 6-7, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Complex Financial Restructuring Program
Four Seasons, Las Vegas, Nevada
Contact: http://www.turnaround.org/
Sept. 6-8, 2007
AMERICAN BANKRUPTCY INSTITUTE
15th Annual Southwest Bankruptcy Conference
Four Seasons
Las Vegas, Nevada
Contact: http://www.abiworld.org/
Sept. 14, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Body of Knowledge - CTP Review Class
Chicago, Illinois
Contact: http://www.turnaround.org/
Sept. 19, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Buying and Selling Troubled Companies
Marriott North, Fort Lauderdale, Florida
Contact: http://www.turnaround.org/
Sept. 19, 2007
TURNAROUND MANAGEMENT ASSOCIATION
South Florida Dinner
TBA, South Florida
Contact: 561-882-1331 or http://www.turnaround.org/
Sept. 20, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Lean Transformation at Current and Other Case Studies
Denver Athletic Club, Denver, Colorado
Contact: http://www.turnaround.org/
Sept. 25, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Luncheon - Retail Panel
Citrus Club, Orlando, Florida
Contact: http://www.turnaround.org/
Sept. 26, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Joint Educational & Networking Reception
TBD, New Jersey
Contact: 908-575-7333 or http://www.turnaround.org/
Sept. 27, 2007
TURNAROUND MANAGEMENT ASSOCIATION
TMA Arizona Chapter Meeting
Contact: http://www.turnaround.org/
Sept. 27-30, 2007
TURNAROUND MANAGEMENT ASSOCIATION
8th Annual Cross Border Business
Restructuring & Turnaround Conference
Contact: http://www.turnaround.org/
Oct. 2, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Networking Breakfast
TBD, Bridgewater, New Jersey
Contact: 908-575-7333 or http://www.turnaround.org/
Oct. 5, 2007
AMERICAN BANKRUPTCY INSTITUTE
ABI/GULC "Views from the Bench"
Georgetown University Law Center
Washington, District of Columbia
Oct. 9-10, 2007
IWIRC
Orlando, Florida
IWIRC Annual Fall Conference
Contact: http://www.iwirc.org/
Oct. 10-13, 2007
NATIONAL CONFERENCE OF BANKRUPTCY JUDGES
81st Annual National Conference of Bankruptcy Judges
Contact: http://www.ncbj.org/
Oct. 11, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Luncheon
University Club, Jacksonville, Florida
Contact: 561-882-1331 or http://www.turnaround.org/
Oct. 12, 2007
AMERICAN BANKRUPTCY INSTITUTE
ABI Educational Program at NCBJ
Orlando World Marriott, Orlando, Florida
Contact: 1-703-739-0800; http://www.abiworld.org/
Oct. 16-19, 2007
TURNAROUND MANAGEMENT ASSOCIATION
TMA Annual Convention
Marriott Copley Place
Boston, Massachussets
Contact: 312-578-6900; http://www.turnaround.org/
Oct. 25, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Capital Markets Case Study
Contact: http://www.turnaround.org/
Oct. 25, 2007
TURNAROUND MANAGEMENT ASSOCIATION
TMA Arizona Chapter Meeting
Contact: http://www.turnaround.org/
Oct. 30, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Luncheon
Centre Club, Tampa, Florida
Contact: 561-882-1331 or http://www.turnaround.org/
Oct. 30, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Crisis Communications With Employees,Vendors and Media
Centre Club, Tampa, Florida
Contact: http://www.turnaround.org/
Nov. 1, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Networking Breakfast
TBD, Hackensack, New Jersey
Contact: 908-575-7333 or http://www.turnaround.org/
Nov. 12, 2007
AMERICAN BANKRUPTCY INSTITUTE
Consumer Bankruptcy Conference
Marriott, Troy, Michigan
Contact: 1-703-739-0800; http://www.abiworld.org/
Nov. 14, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Holiday Mixer
McCormick & Schmick's, Las Vegas, Nevada
Contact: 702-952-2480 or http://www.turnaround.org/
Nov. 14, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Dinner
South Florida
Contact: 561-882-1331 or http://www.turnaround.org/
Nov. 15, 2007
TURNAROUND MANAGEMENT ASSOCIATION
TMA Portland Holiday Party
University Club, Portland, Oregon
Contact: 206-223-5495 or http://www.turnaround.org/
Nov. 22, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Networking Mixer
TBA, Vancouver
Contact: 206-223-5495 or www.turnaround.org/
Nov. 27, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Luncheon - Real Estate Panel
Citrus Club, Orlando, Florida
Contact: http://www.turnaround.org/
Nov. 29, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Special Speaker
TBD, New Jersey
Contact: 908-575-7333 or http://www.turnaround.org/
Nov. 29, 2007
TMA Arizona Chapter Meeting
TURNAROUND MANAGEMENT ASSOCIATION
Contact: http://www.turnaround.org/
Dec. 6, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Seattle Holiday Party
Athletic Club, Seattle, Washington
Contact: 206-223-5495 or http://www.turnaround.org/
Dec. 6-8, 2007
AMERICAN BANKRUPTCY INSTITUTE
Winter Leadership Conference
Westin Mission Hills Resort, Rancho Mirage, California
Contact: 1-703-739-0800; http://www.abiworld.org/
Dec. 13, 2007
TURNAROUND MANAGEMENT ASSOCIATION
Holiday Extravaganza - TMA & CFA
Georgia Aquarium, Atlanta, Georgia
Contact: 678-795-8103 or http://www.turnaround.org/
Dec. 19, 2007
TURNAROUND MANAGEMENT ASSOCIATION
South Florida Dinner
TBA, South Florida
Contact: 561-882-1331 or http://www.turnaround.org/
Jan. 10, 2008
TURNAROUND MANAGEMENT ASSOCIATION
Luncheon
University Club, Jacksonville, Florida
March 25-29, 2008
TURNAROUND MANAGEMENT ASSOCIATION
TMA Spring Conference
Ritz Carlton Grande Lakes, Orlando, Florida
Contact: http://www.turnaround.org/
April 3-6, 2008
AMERICAN BANKRUPTCY INSTITUTE
26th Annual Spring Meeting
The Renaissance, Washington, District of Columbia
Contact: http://www.abiworld.org/
April 25-27, 2008
NATIONAL ASSOCIATION OF BANKRUPTCY JUDGES
NABT Spring Seminar
Eldorado Hotel & Spa, Santa Fe, New Mexico
Contact: http://www.nabt.com/
May 1-2, 2008
AMERICAN BANKRUPTCY INSTITUTE
Debt Symposium
Hilton Garden Inn, Champagne/Urbana, Illinois
Contact: 1-703-739-0800; http://www.abiworld.org/
June 12-14, 2008
AMERICAN BANKRUPTCY INSTITUTE
15th Annual Central States Bankruptcy Workshop
Grand Traverse Resort and Spa, Traverse City, Michigan
Contact: http://www.abiworld.org/
July 10-13, 2008
TURNAROUND MANAGEMENT ASSOCIATION
16th Annual Northeast Bankruptcy Conference
Ocean Edge Resort
Brewster, Massachussets
Contact: http://www.turnaround.org/
July 31 - Aug. 2, 2008
AMERICAN BANKRUPTCY INSTITUTE
4th Annual Mid-Atlantic Bankruptcy Workshop
Hyatt Regency Chesapeake Bay
Cambridge, Maryland
Contact: http://www.abiworld.org/
Aug. 16-19, 2008
AMERICAN BANKRUPTCY INSTITUTE
13th Annual Southeast Bankruptcy Workshop
Ritz-Carlton, Amelia Island, Florida
Contact: http://www.abiworld.org/
Aug. 20-24, 2008
NATIONAL ASSOCIATION OF BANKRUPTCY JUDGES
NABT Convention
Captain Cook, Anchorage, Alaska
Contact: http://www.nabt.com/
Sept. 24-27, 2008
NATIONAL CONFERENCE OF BANKRUPTCY JUDGES
National Conference of Bankruptcy Judges
Scottsdale, Arizona
Contact: http://www.ncbj.org/
Oct. 28-31, 2008
TURNAROUND MANAGEMENT ASSOCIATION
TMA Annual Convention
Marriott New Orleans, Louisiana
Contact: 312-578-6900; http://www.turnaround.org/
Dec. 4-6, 2008
AMERICAN BANKRUPTCY INSTITUTE
20th Annual Winter Leadership Conference
Westin La Paloma Resort & Spa
Tucson, Arizona
Contact: http://www.abiworld.org/
May 7-10, 2009
AMERICAN BANKRUPTCY INSTITUTE
27th Annual Spring Meeting
Gaylord National Resort & Convention Center
National Harbor, Maryland
Contact: http://www.abiworld.org/
Sept. 10-12, 2009
AMERICAN BANKRUPTCY INSTITUTE
17th Annual Southwest Bankruptcy Conference
Hyatt Regency Lake Tahoe, Incline Village, Nevada
Contact: http://www.abiworld.org/
Oct. 5-9, 2009
TURNAROUND MANAGEMENT ASSOCIATION
TMA Annual Convention
Marriott Desert Ridge, Phoenix, Arizona
Contact: 312-578-6900; http://www.turnaround.org/
2009 (TBA)
NATIONAL CONFERENCE OF BANKRUPTCY JUDGES
National Conference of Bankruptcy Judges
Las Vegas, Nevada
Contact: http://www.ncbj.org/
June 21-24, 2009
INSOL
8th International World Congress
TBA
Contact: http://www.insol.org/
Dec. 3-5, 2009
AMERICAN BANKRUPTCY INSTITUTE
21st Annual Winter Leadership Conference
La Quinta Resort & Spa, La Quinta, California
Contact: 1-703-739-0800; http://www.abiworld.org/
Oct. 4-8, 2010
TURNAROUND MANAGEMENT ASSOCIATION
TMA Annual Convention
JW Marriott Grande Lakes, Orlando, Florida
Contact: http://www.turnaround.org/
2010 (TBA)
NATIONAL CONFERENCE OF BANKRUPTCY JUDGES
National Conference of Bankruptcy Judges
New Orleans, Louisiana
Contact: http://www.ncbj.org/
BEARD AUDIO CONFERENCES
BAPCPA One Year On: Lessons Learned and Outlook
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Calpine's Chapter 11 Filing
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Changes to Cross-Border Insolvencies
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Changing Roles & Responsibilities of Creditors' Committees
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Clash of the Titans -- Bankruptcy vs. IP Rights
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Coming Changes in Small Business Bankruptcy
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Dana's Chapter 11 Filing
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Deepening Insolvency - Widening Controversy: Current Risks,
Latest Decisions
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Diagnosing Problems in Troubled Companies
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Distressed Claims Trading
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Distressed Market Opportunities
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Distressed Real Estate under BAPCPA
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Employee Benefits and Executive Compensation under the New
Code
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Equitable Subordination and Recharacterization
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Fundamentals of Corporate Bankruptcy and Restructuring
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Healthcare Bankruptcy Reforms
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
High-Yield Opportunities in Distressed Investing
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Homestead Exemptions under BAPCPA
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Hospitals in Crisis: The Insolvency Crisis Plaguing
Hospitals Across the U.S.
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
KERPs and Bonuses under BAPCPA
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Privacy Rights, Protections & Pitfalls in Bankruptcy
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Real Estate Bankruptcy
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Reverse Mergers-the New IPO?
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Second Lien Financings and Intercreditor Agreements
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Surviving the Digital Deluge: Best Practices in E-Discovery
and Records Management for Bankruptcy Practitioners
and Litigators
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Validating Distressed Security Portfolios: Year-End Price
Validation and Risk Assessment
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
When Tenants File -- A Landlord's BAPCPA Survival Guide
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Handling Complex Chapter 11
Restructuring Issues
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Hospitals in Crisis: The Insolvency Crisis
Plaguing Hospitals Across the U.S.
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
IP Rights In Bankruptcy
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Partnerships in Bankruptcy: Unwinding The Deal
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Technology as a Competitive Advantage For Today's Legal
Processes
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
BEARD AUDIO CONFERENCES
Twenty-Day Claims
Audio Conference Recording
Contact: 240-629-3300;
http://www.beardaudioconferences.com/
*********
Monday's edition of the TCR delivers a list of indicative prices
for bond issues that reportedly trade well below par. Prices
are obtained by TCR 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 constitutes an offer or solicitation to buy
or sell any security of any kind. It is likely that some entity
affiliated with a TCR editor holds some position in the issuers'
public debt and equity securities about which we report.
Each Tuesday edition of the TCR contains a list of companies
with insolvent balance sheets whose shares trade higher than
US$3 per share in public markets. 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.
A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR. Submissions about insolvency-
related conferences are encouraged. Send announcements to
conferences@bankrupt.com
Each Friday's edition of the TCR includes a review about a book
of interest to troubled company professionals. All titles are
available at your local bookstore or through Amazon.com. Go to
http://www.bankrupt.com/booksto order any title today.
*********
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 -- Europe is a daily newsletter co-
published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA. Jazel P. Laureno, Julybien Atadero, Carmel Zamesa
Paderog, Joy Agravante, Zora Jayda Zerrudo Sala, Kristina A.
Godinez, and Pius Xerxes Tovilla, Editors.
Copyright 2007. All rights reserved. ISSN 1529-2754.
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 Europe subscription rate is US$625 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 Christopher Beard at 240/629-3300.
* * * End of Transmission * * *