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        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

            Tuesday, February 19, 2008, Vol. 9, No. 35

                            Headlines


A U S T R I A

ALPGARANT LLC: Claims Registration Period Ends March 20
BUDIN CONS: Claims Registration Period Ends March 18
CG BAUPROJEKTPLANUNG: Claims Registration Period Ends March 20
GORO LLC: Claims Registration Period Ends March 18
R. KARAVIN: Claims Registration Period Ends March 17


B E L G I U M

CHEMTURA CORP: Expects US$2 Million Net Income in 2007 4th Qtr.
POPE & TALBOT: Committee Taps Davies Ward as Canadian Counsel
POPE & TALBOT: Committee Taps N. Schachter as B.C. Counsel


F R A N C E

ASPEN TECH: To Be Delisted from Nasdaq Effective Today
BOSTON SCIENTIFIC: Closes Sale of Two Units to Avista Capital
QUIKSILVER INC: CEO Robert McKnight Resumes Role as President
QUIKSILVER INC: S&P's BB- Rating Unmoved by Planned Asset Sale


G E R M A N Y

AUTO KRAMER: Claims Registration Period Ends March 4
BAUMANNKUKUK GMBH: Claims Registration Period Ends March 4
CTI-COMMUNICATION: Claims Registration Period Ends March 15
D.G. DENTAL: Claims Registration Period Ends March 14
ECOMARES INC: Colville Services Wants Recognition Denied

ENERIS GMBH: Claims Registration Ends March 17
GARTENGESTALTUNG TIJDINK: Claims Period Ends March 5
GUENTER SCHIFFER: Claims Registration Period Ends March 14
HELPING HANDS: Claims Registration Period Ends March 5
HOLLYWOOD FUN: Claims Registration Period Ends March 13

IKB DEUTSCHE: Board Seeks EUR1.5 Billion Capital Increase
IKB DEUTSCHE: Sees EUR750 Mln Net Loss for Year Ending March 31
IKB DEUTSCHE: Cuts Profit by EUR142MM in Revised 2006-07 Results
KRITEX GMBH: Claims Registration Period Ends March 13
LIBRETTO DUE: Claims Registration Period Ends March 14

MDF.1 LOKALES: Claims Registration Period Ends March 14
MS ANLAGENTECHNIK: Claims Registration Period Ends March 14
OPEN CONCEPTS: Claims Registration Period Ends March 3
PALAST DER EITELKEITEN: Claims Registration Period Ends March 14
PARAMOUNT INTERNATIONAL: Claims Registration Ends March 17

PB-PROJECT-BAU: Claims Registration Period Ends March 13
PETER JORDAN: Files Insolvency Petition; Looking for Buyers
PROJEKT OBERHAUNSTADT: Claims Registration Ends March 17
PUN PUTZ: Claims Registration Ends March 17
REELL - SERVICE: Claims Registration Period Ends March 14

RITTER GASTRONOMIEBETRIEBE: Claims Registration Ends March 17
TROBASTO GMBH: Claims Registration Period Ends March 14
VISTEON CORP: Posts US$372 Million Net Loss in 2007


I R E L A N D

AFFILIATED COMPUTER: To Buy SDS Biz from Waterland for US$67MM
SMURFIT KAPPA: Earns EUR166.4 Million for Year 2007


I T A L Y

DANA CORP: Registers Post-Bankruptcy Common Stock
DANA CORP: US$1.35 Billion Term Loan Trades on Secondary Market
FIAT SPA: Talks on Parts Venture with Daimler AG Continue


K A Z A K H S T A N

ALARMAN-AKTOBE-XXI LLP: Claims Deadline Slated for March 14
ALFA-ESTATE LLP: Creditors Must File Claims by March 14
AURUM LLP: Claims Filing Period Ends March 14
DOSTAR-ALEM LLC: Creditors' Claims Due on March 14
EKREM DIESEL: Claims Registration Ends March 14

INS LLP: Creditors Must File Claims by March 11
KAINAR TRADE: Claims Filing Period Ends March 14
REAGENT LLP: Creditors' Claims Due on March 14
ZAVOD-STROY OSKEMEN: Claims Registration Ends March 14


K Y R G Y Z S T A N

BAK-NUR LLP: Creditors Must File Claims by February 22
BI-TRAY SERVICE: Claims Filing Period Ends March 7
SAPSAN LLC: Claims Registration Ends March 7


L U X E M B O U R G

EVRAZ GROUP: Claymont Steel Unit Commences Senior Notes Buyback


N E T H E R L A N D S

INDOVER BANK: Fitch Upgrades Ratings to BB- with Stable Outlook


R U S S I A

AGRO-WORLD LLC: Court Starts Bankruptcy Supervision Procedure
ALEKSEEVSKAYA OJSC: Creditors Must File Claims by February 28
DEMETRA OJSC: Creditors Must File Claims by February 28
DUBOVSK-AGRO-PROM-SNAB: Creditors Must File Claims by Feb. 28
EURO-PROJECT LLC: Creditors Must File Claims by February 28

EVRAZ GROUP: Claymont Steel Unit Commences Senior Notes Buyback
GAS-ECO-OIL: Volgograd Bankruptcy Hearing Slated for April 24
ROSNEFT OIL: Mulls Stake in ONGC's Indian LPG Plant
SEV-RYB -FLOT: Asset Sale Slated for February 25


S L O V A K   R E P U B L I C

SLOVENSKE AEROLINIE: Receiver's 2nd Attempt to Sell Assets Fail


S W I T Z E R L A N D

COMOD-COMPUTER JSC: Creditors' Liquidation Claims Due by Feb. 25
DE CAROLIS: Creditors' Liquidation Claims Due by Feb. 25
E-IT LLC: Creditors' Liquidation Claims Due by Feb. 22
EIC ENGINEERING: Creditors' Liquidation Claims Due by Feb. 22
G + K SCHNELLIMBISS: Creditors Must File Claims by Feb. 25

HELISYSTEM JSC: Aargau Court Starts Bankruptcy Proceedings
IBT ROHSTOFFHANDEL: Lucerne Court Starts Bankruptcy Proceedings
MONOMETAL JSC: Creditors Must File Claims by Feb. 25
SALI & TONI: Lucerne Court Starts Bankruptcy Proceedings
SENN & CO: Creditors' Liquidation Claims Due by Feb. 22

TRADEX SWISS: Evidentiary Hearing Continued to February 27


U K R A I N E

ASUCOALAUTOMATICS OJSC: Proofs of Claim Deadline Set February 28
CHERVONOGRAD SHAFT-SINKING: Claims Filing Deadline Set Feb. 28
KIROVOGRAD AGRICULTURAL: Creditors Must File Claims by Feb. 28
LIVARNIK OJSC: Creditors Must File Claims by February 29
MEDIAN LLC: Creditors Must File Claims by February 29

NAFTOGAZ UKRAINY: To Form Two Joint Ventures with OAO Gazprom
PETROLEUM COMPANY: Proofs of Claim Deadline Set February 29


U N I T E D   K I N G D O M

BRITISH AIRWAYS: Inks Agreement to Settle Class Action Suits
BUCYRUS INTERNATIONAL: Earns US$136.1 Million in 2007
BUCYRUS INT'L: Declares US$0.05 Per Share Quarterly Dividend
CHRYSLER LLC: Partners with Health Alliance & Henry Ford
CKS HOLDINGS: Claims Filing Period Ends March 31

DUFLEX LTD: Brings In Administrators from Begbies Traynor
ELECTRONIC DATA: Taps Palma as VP of Global Information Security
HIGH FREQUENCY: Names Joint Administrators from Vantis
HOME ELECTRIC: Claims Filing Period Ends March 31
ICKRINGILL AND NORTON: Appoints Tenon as Joint Administrators

INTELSAT LTD: Fitch Cuts & Withdraws Ratings
JWB FINISHERS: Renaultprint Taps Grant Thornton as Receivers
MUSTIQUE 2007-1: Fitch Assigns Distressed Recovery Ratings
NORTHERN ROCK: UK Government Opts for Temporary Public Ownership
RWP JOINERY: Claims Filing Period Ends May 13

SANDERDALE LTD: Appoints BDO Stoy to Administer Assets
SEA CONTAINERS: Wants to Extend Plan-Filing Period to April 15
SEA CONTAINERS: Posts US$227,425 Earnings in Month Ended Dec. 31
SHAW GROUP: Cash Flow Improvement Cues S&P's Positive Outlook
SYMMETRY MEDICAL: Preliminary 4th Qtr. Revenue is US$79.1 Mil.

TATA MOTORS: Launches Light Specialist Vehicle

* Beard Audio Bankruptcy Examiners & Identity Theft Conferences

* Large Companies with Insolvent Balance Sheet


                            *********


=============
A U S T R I A
=============


ALPGARANT LLC: Claims Registration Period Ends March 20
-------------------------------------------------------
Creditors owed money by LLC ALPGARANT (FN 291977d) have until
March 20, 2008, to file written proofs of claim to court-
appointed estate administrator Georg Unger at:

          Dr. Georg Unger
          c/o Dr. Arno Maschke
          Mariahilfer Strasse 50
          1070 Vienna
          Austria
          Tel: 523 62 00 Serie
          Fax: 526 72 74
          E-mail: office@sup.at    

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:50 a.m. on April 3, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Trade Court of Vienna
          Room 1707
          Vienna
          Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Jan. 28, 2008 (Bankr. Case No. 2 S 13/08m).   Arno Maschke
represents Dr. Unger in the bankruptcy proceedings.


BUDIN CONS: Claims Registration Period Ends March 18
----------------------------------------------------
Creditors owed money by KEG Budin Cons. (FN 179738x) have until
March 18, 2008, to file written proofs of claim to court-
appointed estate administrator Daniel Lampersberger at:

          Mag. Daniel Lampersberger
          Esteplatz 4
          1030 Vienna
          Austria
          Tel: 712 33 30-0
          Fax: 712 33 30 30
          E-mail: kanzlei@engelhart.at    

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:45 a.m. on April 1, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Trade Court of Vienna
          Room 1607
          Vienna
          Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Jan. 28, 2008 (Bankr. Case No. 28 S 13/08b).  


CG BAUPROJEKTPLANUNG: Claims Registration Period Ends March 20
--------------------------------------------------------------
Creditors owed money by LLC CG Bauprojektplanung (FN 95869i)
have until March 20, 2008, to file written proofs of claim to
court-appointed estate administrator Astrid A. Haider at:

          Mag. Astrid A. Haider
          c/o Dr. Ute Toifl
          Tuchlauben 12/20
          1010 Vienna
          Austria
          Tel: 535 46 11
          E-mail: haider@thr.at     

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 a.m. on April 3, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Trade Court of Vienna
          Room 1707
          Vienna
          Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Jan. 28, 2008 (Bankr. Case No. 2 S 12/08i).   Ute Toifl
represents Mag. Haider in the bankruptcy proceedings.


GORO LLC: Claims Registration Period Ends March 18
--------------------------------------------------
Creditors owed money by LLC GORO (FN 290066v) have until
March 18, 2008, to file written proofs of claim to court-
appointed estate administrator Astrid Haider at:

          Mag. Astrid Haider
          Tuchlauben 12/20
          1010 Vienna
          Austria
          Tel: 535 46 11
          Fax: 535 46 11 11
          E-mail: haider@thr.at

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 10:15 a.m. on April 1, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Trade Court of Vienna
          Room 1606
          Vienna
          Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Jan. 28, 2008 (Bankr. Case No. 4 S 12/08d).  


R. KARAVIN: Claims Registration Period Ends March 17
----------------------------------------------------
Creditors owed money by KEG R. KARAVIN (FN 278005g) have until
March 17, 2008, to file written proofs of claim to court-
appointed estate administrator Andrea Prochaska at:

          Mag. Andrea Prochaska
          Wassergasse 33/12
          1030 Vienna
          Austria
          Tel: 718 77 50
          Fax: 718 77 50-15
          E-mail: anwalt@andrea.prochaska.at     

Creditors and other interested parties are encouraged to attend
the creditors' meeting at 9:30 a.m. on March 31, 2008, for the
examination of claims.

The meeting of creditors will be held at:

          The Trade Court of Vienna
          Room 1705
          Vienna
          Austria

Headquartered in Vienna, Austria, the Debtor declared bankruptcy
on Jan. 28, 2008 (Bankr. Case No. 3 S 8/08h).  


=============
B E L G I U M
=============


CHEMTURA CORP: Expects US$2 Million Net Income in 2007 4th Qtr.
---------------------------------------------------------------
Chemtura Corporation pre-disclosed its earnings from continuing
operations before income taxes, earnings from continuing
operations before income taxes on a non-GAAP basis, and earnings
from discontinued operations before income taxes for the fourth
quarter ended Dec. 31, 2007.

Earnings from continuing operations before income taxes for the
fourth quarter of 2007 were US$2 million compared with a loss of
US$50 million for the fourth quarter of 2006.  The US$52 million
increase relates to the US$48 million increase in operating
profit discussed above, a US$12 million increase in foreign
exchange gains and US$2 million in other cost decreases.  

These earnings were partially offset by the absence of the
US$6 million gain in the fourth quarter of 2006 on sale of the
company's equity interest in the Davis Standard venture and an
increase of US$4 million in minority interest expense.

Non-GAAP earnings from continuing operations before income taxes
in 2007 and 2006 exclude charges of US$31 million and
US$39 million, related to the change in useful life of property,
plant and equipment, antitrust costs, facility closures,
severance and related costs, accelerated recognition of asset
retirement obligations, gain on sale of equity interest in joint
venture and impairment of long-lived assets.  

"Our fourth quarter results demonstrated much of the progress we
have made in 2007," Robert L. Wood, chairman and CEO, said.  "As
expected, we strongly outperformed the fourth quarter of 2006,
but we also improved over the first and third quarters of 2007.  
"Three of our four business units continued to show improvement
in operating profitability.  "Our performance specialties and
crop protection business generated particularly strong
performances, with revenue growth and expanded operating
margins.  Performance specialties showed the benefit of the
Kaufman acquisition and grew its petroleum additive products
business.  Consumer products delivered improved profitability
despite being in its winter season.

Non-GAAP earnings from discontinued operations before income
taxes include earnings from the EPDM, optical monomers and
fluorine businesses of US$6 million and US$8 million for the
quarters ended Dec. 31, 2007 and 2006.

"We continue to make progress in restructuring and repositioning
our Polymer Additives business as is evident by our pending sale
of the oleochemicals business and the growth in PVC revenues,"
Mr. Wood added. "However, this was a quarter when progress was
not readily visible.  Sales volume growth was muted by higher
revenues from applications such as PVC being offset by lower
revenues in products such as clear brine fluids.   Electronic
revenues recovered after the trough of the third quarter to
levels comparable to a year ago.  Year-over-year operating
income performance primarily reflects the increases in raw
material cost, particularly tin and natural oils and fats, which
have only been offset in part by increased selling prices.

"The quarter saw further progress in our cost reductions
actions. The US$1 million reduction in SGA&R compared to the
fourth quarter of 2006 understates our progress," Mr. Wood
related.  'Spending for the quarter was down about 10% from a
year ago before reflecting the increase in SGA&R from the
Kaufman acquisition, the net impact of non-recurring items and
foreign currency translation due to the weaker US dollar.  SGA&R
was 12% of sales in the quarter compared to 13% of sales in the
fourth quarter of 2006.

"As we now look forward to 2008, we expect a year of
improvement, although the normal seasonal weakness of the first
quarter will likely result in performance at levels comparable
to 2007," Mr. Wood continued.  "Our portfolio restructuring is
primarily focused on completing the transformation of our
Polymer Additives business.  We are making good progress in
recovering the cost of rising raw material through price
increases and our cost reduction actions are taking hold.  The
diversity of our business portfolio and our restructuring
programs will serve us well in mitigating the possible impacts
of a slowing economy.  2008 will be a year of transformation and
our focus on executing our improvement plans."

       Fourth Quarter 2007 Significant Transactions & Events

   * The company continued to incur charges related to the
     company-wide restructuring plan and other restructuring
     initiatives disclosed in the second quarter of 2007.  The
     company recorded a fourth quarter pre-tax charge for
     severance and related costs of US$2 million related to
     these actions.
    
   * During the quarter the company launched an initiative to
     consolidate its multiple ERP systems on a single SAP
     platform over the next eighteen months.  This action will
     permit the simplification and standardization of business
     processes.  As a result of this decision, the company
     impaired US$3 million of construction in progress costs
     related to software, which now will not be utilized and
     started to accelerate the depreciation of the capital cost
     of its legacy ERP systems to reflect their revised expected
     useful life.
    
   * On Oct. 31, 2007, the company has sold its optical monomers
     business.  Included in the transaction was the company's
     Ravenna, Italy manufacturing facility.  The optical
     monomers business is reported as a discontinued operation.
    
   * On Dec. 14, 2007, the company signed an asset purchase
     agreement to sell its fluorine chemical business.  The
     transaction closed on Jan. 31, 2008 and will be reported in
     the company's financial statements for the first quarter of
     2008.  The fluorine business is reported as a discontinued
     operation.
    
   * On Dec. 31, 2007, the company employed 5,144 people, a 5%
     reduction in the fourth quarter.  Additional reductions are
     expected as the company completes its divestiture actions.
    
   * On Jan. 25, 2008, the company has reached agreement to sell
     its oleochemicals business including its Memphis, Tennessee
     plant and expects the transaction to close in the first
     quarter of 2008, subject to financing and customary closing
     conditions.

                            Cash Flows

   * Cash and cash equivalents were US$77 million as of Dec. 31,
     2007 compared to US$95 million as of Dec. 31, 2006.
    
   * The company's total debt as of Dec. 31, 2007, was
     US$1.06 billion as compared with US$1.11 billion as of
     Dec. 31, 2006.
    
   * The company's sales of accounts receivable under its
     securitization programs were US$239 million as of Dec. 31,
     2007, US$303 million as of Sept. 30, 2007 and US$279
     million as of Dec. 31, 2006.

                   About Chemtura Corporation

Headquartered in Middlebury, Connecticut, Chemtura Corp.
(NYSE:CEM) -- http://www.chemtura.com/-- is a manufacturer and
marketer of specialty chemicals, crop protection, and pool, spa
and home care products.  The company has approximately 6,400
employees around the world and sells its products in more than
100 countries.  The company has facilities in Singapore,
Australia, China, Hong Kong, India, Japan, South Korea, Taiwan,
Thailand, Brazil, Belgium, France, Germany, Mexico, and The
United Kingdom.

                        *      *      *

As reported in the Troubled Company Reporter-Europe on Dec. 21,
2007, Moody's Investors Service placed Chemtura Corporation's
corporate family rating of Ba2 under review for possible
downgrade after reports that its "board of directors has
authorized management to consider a wide range of strategic
alternatives available to the company to enhance shareholder
value."

Standard & Poor's Ratings Services placed its 'BB+' corporate
credit and senior unsecured debt ratings of Chemtura Corp. on
CreditWatch with developing implications, after reports that
management is considering strategic alternatives, including sale
or merger of the company.


POPE & TALBOT: Committee Taps Davies Ward as Canadian Counsel
-------------------------------------------------------------
The Official Committee of Unsecured Creditors in Pope & Talbot
Inc. and its debtor-affiliates bankruptcy cases seeks the
authority of the U.S. Bankruptcy Court for the District of
Delaware to retain Davies Ward Phillips & Vineberg LLP, as its
Canadian counsel, nunc pro tunc to Nov. 28, 2007.

The Committee expects Davies Ward to provide it with Canadian
legal services during the pendency of Pope & Talbot Inc.'s and
its affiliates' CCAA Proceedings and Chapter 11 bankruptcy
proceedings.

James Fellows, co-chairman of the Creditors Committee, relates
that they selected Davies Ward because the firm has extensive
experience and knowledge in the field of debtors' and creditors'
rights, and Canadian law.  

Moreover, through its representation of an ad hoc committee                  
                                                     
of the Debtors' outstanding 8-3/8 Senior Notes due 2013 and
8-3/8 Debentures due 2013, Davies Wards' bankruptcy and
restructuring attorneys have developed familiarity with the
Debtors' assets, affairs and businesses, Mr. Fellows points out.

It is necessary to retain Davies Ward as the Committee's
Canadian counsel to ensure that the interests of all of the
Debtors' unsecured creditors are adequately represented in an
efficient and effective manner in what is a full cross-border
insolvency proceeding, Mr. Fellows asserts.

As the Committee's Canadian counsel, Davies will:

   * provide Canadian legal advice with respect to the
     Committee's rights, powers and duties in the CCAA
     proceedings, in connection with the Chapter 11 cases;

   * assist the Creditors Committee in its analysis and
     negotiation of any plan of reorganization and related
     corporate documents;
              
   * review, analyze, and advise the Creditors Committee with
     respect to documents filed with the British Columbia
     Supreme Court;

   * respond on behalf of the Creditors Committee to any and all
     applications, motions, answers, orders, reports, and other
     pleadings in connection with the administration of the
     Debtors' estates in the CCAA proceedings; and

   * perform other Canadian legal services for the Creditors
     Committee as may be necessary and appropriate.

The Debtors will pay Davies Ward's services according to the
firm's applicable hourly rates in Canadian Dollars:
        
        Professional            Hourly Rate
        ------------            -----------
        Partners                CDN$385 to 900
        Associates              CDN$315 to 420
        Legal Assistants        CDN$110 to 350

Two professionals are presently expected to have primary
responsibility for providing services to the Committee:

       Professional               Hourly Rate
       ------------               -----------
       Jay A. Swartz                CDN$850
       Robin B. Schwill             CDN$650

The firm will be reimbursed for expenses it may incur, including
travel costs and temporary employment of additional staff,
relating to any work undertaken.

Robin B. Schwill, Esq., a partner of Davies, assures the Court
that his firm is a "disinterested person," as the term is
defined in Section 101(14) of the Bankruptcy Code.   

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other
OTC:PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood
products business.  Pope & Talbot was founded in 1849 and
produces market pulp and softwood lumber at mills in the US and
Canada.  Markets for the company's products include the US,
Europe, Canada, South America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's
bankruptcy counsel, while Laura Davis Jones, Esq. at Pachulski,
Stang, Ziehl & Jones L.L.P. represents the Debtors as bankruptcy
co-counsel.  The Official Committee of Unsecured Creditors
selected Fried, Frank, Harris, Shriver & Jacobson LLP as its
bankruptcy counsel.  When the Debtors filed for bankruptcy, they
listed total assets of US$681,960,000 and total debts of
US$601,090,000.

The Debtors' exclusive period to file a plan expires on
March 18, 2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it
will be liquidated through the bankruptcy proceeding.

(Pope & Talbot Bankruptcy News, Issue No. 13; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


POPE & TALBOT: Committee Taps N. Schachter as B.C. Counsel
----------------------------------------------------------
The Official Committee of Unsecured Creditors appointed in Pope
& Talbot Inc. and its debtor-affiliates seeks the U.S.
Bankruptcy Court for the District of Delaware's authority to
retain Nathanson, Schachter & Thompson LLP, as its local British
Columbia counsel in Canada, nunc pro tunc to Nov. 28, 2007.

David M. Roberts, co-chairman of the Creditors Committee,
relates that the Committee has selected Nathanson Schachter to
serve as its Canadian counsel because of the firm's extensive
experience in corporate commercial litigation matters as well as
experience in Canadian insolvency proceedings under the
Companies' Creditors Arrangement Act.

Mr. Roberts points out that upon the transfer of the Debtors'
CCAA proceedings from the Ontario Superior Court of Justice to
the British Columbia Supreme Court on Nov. 19, 2007, an ad hoc
committee of the Debtors' outstanding 8 3/8 Senior Notes due
2013 and 8 3/8 Debentures due 2013 engaged Nathanson Schachter
to assist Davies Ward Phillips & Vineberg LLP, for legal
representation in British Columbia.  

Hence, Mr. Roberts states, the firm's attorneys have developed
familiarity with Debtors' assets, affairs and businesses.

Nathanson Schachter is expected to provide legal services that
will be required to represent the Creditors Committee during the
pendency of the CCAA proceedings and Chapter 11 bankruptcy
proceedings of Pope & Talbot Inc., and its affiliates, Mr.
Roberts adds.

As the Creditors Committee's local British Columbia counsel,
Nathanson will:

   * provide local British Columbia legal advice and
     representation before the Canadian Court with respect to
     the Creditors Committee's rights, powers and duties in the
     Applicants' CCAA proceedings;

   * advise the Creditors Committee with respect to documents
     filed with the British Columbia Court;

   * assist Davies Ward in responding on behalf of the Creditors
     Committee to any and all applications, motions, answers,
     orders, reports, and other pleadings in connection with the
     administration of the Applicants' estates in their CCAA
     proceedings; and

   * perform other British Columbia legal services for the
     Creditors Committee, including the preparation and
     implementation of a plan reorganization, in connection with
     Pope & Talbot's CCAA proceedings and Chapter 11 cases.

Nathanson Schachter will be paid for the contemplated based on
the firm's applicable hourly rates:
        
         Professional               Hourly Rate
         ------------               -----------
         Partners                   CDN$285 to 600
         Associates                 CDN$325

Nathanson Schachton will be seeking reimbursement of expenses
incurred on behalf of the Creditors' Committee.

Stephen R. Schachter, Q.C., Esq., a partner at Nathanson
Schachter, assures the Court that his firm is a "disinterested
person," as the term is defined in Section 101(14) of the
Bankruptcy Code.     

Headquartered in Portland, Oregon, Pope & Talbot Inc. (Other
OTC:PTBT.PK) -- http://www.poptal.com/-- is a pulp and wood
products business.  Pope & Talbot was founded in 1849 and
produces market pulp and softwood lumber at mills in the US and
Canada.  Markets for the company's products include the US,
Europe, Canada, South America and the Pacific Rim.

The company and its U.S. and Canadian subsidiaries applied for
protection under the Companies' Creditors Arrangement Act of
Canada on Oct. 28, 2007.  The Debtors' CCAA Stay expired
on Jan. 16, 2008.

The company and fourteen of its debtor-affiliates filed for
Chapter 11 protection on Nov. 19, 2007 (Bankr. D. Del. Lead Case
No. 07-11738).  Shearman & Sterling LLP is the Debtor's
bankruptcy counsel, while Laura Davis Jones, Esq. at Pachulski,
Stang, Ziehl & Jones L.L.P. represents the Debtors as bankruptcy
co-counsel.  The Official Committee of Unsecured Creditors
selected Fried, Frank, Harris, Shriver & Jacobson LLP as its
bankruptcy counsel.  When the Debtors filed for bankruptcy, they
listed total assets of US$681,960,000 and total debts of
US$601,090,000.

The Debtors' exclusive period to file a plan expires on
March 18, 2008.

Pope & Talbot Pulp Sales Europe, LLC, a subsidiary, on Nov. 21,
2007, filed an application for relief under Belgian bankruptcy
laws in the commercial court in Brussels.  If the Belgian court
grants Pope & Talbot Europe's application, it is expected it
will be liquidated through the bankruptcy proceeding.

(Pope & Talbot Bankruptcy News, Issue No. 13; Bankruptcy
Creditors' Service Inc., http://bankrupt.com/newsstand/or
215/945-7000).


===========
F R A N C E
===========


ASPEN TECH: To Be Delisted from Nasdaq Effective Today
------------------------------------------------------
Aspen Technology Inc. said that the Nasdaq Listing
Qualifications Panel has determined to delist the Company's
securities and will suspend trading of the company's securities
on the Nasdaq stock market effective at the opening of trading
today, Feb. 19, 2008.

The company may request that the Nasdaq Listing and Hearing
Review Council review the decision of the Panel.  If the Listing
Council determines to review this decision, it may affirm,
modify, reverse, dismiss, or remand the decision to the Panel.  
The company is considering whether to make such a request.
However, such a request would not delay the Panel's
determination to delist the company's securities.

The company anticipates that its common stock will be quoted on
the Pink Sheet Electronic Quotation Service automatically and
immediately after Nasdaq suspends trading.  The company expects
that the trading symbol of its common stock will remain the
same.

Mark Fusco, the company's Chief Executive Officer, said: "We are
disappointed that the time it has taken for the review we
initiated in connection with the restatement of our financial
statements has resulted in the delisting of our common stock.  
We believe AspenTech remains a financially strong company as
evidenced by our cash and cash equivalents of US$131 million as
of Dec. 31, 2007, and we are committed to regaining compliance
with our filing requirements and applying to list our common
stock on a national exchange as soon as possible thereafter."

The company has previously issued several press releases and
filed several reports with the SEC including reports on Form
8-K, and investors are encouraged to read these in their
entirety for discussion of the delay in the company's filings.

                    About Aspen Technology

Based in Cambridge, Massachusetts, Aspen Technology Inc.
(Nasdaq: AZPN) -- http://www.aspentech.com/-- provides software
and professional services that help process companies improve
efficiency and profitability by enabling them to model, manage
and control their operations.  The company has operations in
Brazil, Malaysia and France.

                        *     *     *

Aspen Technology carries Moody's B2 long-term corporate family
rating and Caa1 equity-linked rating.  Moody's said the outlook
is stable.

The company carries Standard & Poor's B long-term foreign and
local issuer credit ratings, with negative outlook.


BOSTON SCIENTIFIC: Closes Sale of Two Units to Avista Capital
-------------------------------------------------------------
Boston Scientific Corporation has completed the sale of its
Fluid Management and Venous Access businesses to Avista Capital
Partners for US$425 million in cash.  The sale follows the
definitive agreement disclosed Dec. 13, 2007.

The company expects to record an after-tax gain of approximately
US$120 million during the first quarter of 2008 in connection
with the transaction.

"The sale of the Fluid Management and Venous Access businesses
completes our previously announced plans to divest five non-
strategic businesses," said Boston Scientific President and
Chief Executive Officer, Jim Tobin.  "These divestitures --
together with our expense and head count reductions and business
restructuring -- are helping to realign our cost structure and
simplify our operating model.  The positive impact of these
efforts will help us achieve our overall goals of restoring
profitable growth, increasing shareholder value and
strengthening Boston Scientific for the future."

"I am very excited to work with this exceptional management team
to build on the strong leadership positions that the Fluid
Management and Venous Access businesses currently hold in the
cardiology, radiology and oncology markets," said Chairperson
and Chief Executive Officer of the new company, Ron Sparks.  "We
look forward to leveraging these franchises' brands,
manufacturing facilities, sales forces, R&D capabilities and new
product pipelines to create a world-class, stand-alone medical
device company."

Avista Capital said financing for the transaction was arranged
by GE Capital Corporation and RBS Greenwich Capital. Ropes &
Gray LLP served as legal counsel and RBS Greenwich Capital
served as financial advisor to Avista Capital Partners.

                About Avista Capital Partners

Founded in 2005, Avista Capital Partners --
http://www.avistacap.com/-- is a private equity firm with  
offices in New York and Houston.  The company manages US$2.0
billion in private equity capital.  

                   About Boston Scientific

Headquartered in Natick, Massachusetts, Boston Scientific
Corporation (NYSE: BSX) -- http://www.bostonscientific.com/--
develops, manufactures and markets medical devices used in a
broad range of interventional medical specialties.  The company
has offices in Argentina, Chile, France, Germany, and Japan,
among others.

                          *     *     *

As reported in the Troubled Company Reporter-Europe on Jan. 14,
2008, Standard & Poor's Ratings Services said that the
announcement by Boston Scientific Corp. that the Court of
Appeals for the Federal Circuit affirmed a District Court ruling
that found the NIR stent infringed one claim of a patent owned
by Johnson & Johnson, does not affect its ratings or outlook for
Boston Scientific.

Boston Scientific's corporate credit rating is rated 'BB+' by
S&P with a negative outlook.


QUIKSILVER INC: CEO Robert McKnight Resumes Role as President
-------------------------------------------------------------
Quiksilver Inc. disclosed that Robert McKnight resumed his role
as president and remains both chairman of the board and chief
executive officer.  Mr. McKnight will again direct the company's
operational initiatives.

The company also said that Bernard Mariette has resigned from
his position as president and as a director of the company in
order to pursue other interests, which may include attempting to
acquire the Rossignol group.  As previously announced, J.P.
Morgan is conducting a process on behalf of the company to
reduce its exposure to the winter sports equipment business,
including a possible sale.

"Bernard Mariette has, for fifteen years, been invaluable to the
growth and success of this company," Robert B. McKnight, Jr.,
chairman of the board, president, and chief executive officer of
Quiksilver, Inc., commented.  "He took Quiksilver Europe from
its development stage in 1994 and grew it to a EUR250 million
business by 2001 when he became president of the entire
company."

"Since 2001 Quiksilver has almost quadrupled in size and, under
Bernard's leadership, has established an infrastructure to
globalize Quiksilver's historically regional businesses and
cemented its position as a leading global lifestyle company,"
Mr. Mcknight added.  "[Mr. Mariett] will be truly missed and we
wish him the best in the many accomplishments that lie ahead for
him."

"Our business objectives today are clear," Mr. McKnight
continued.  "We will focus our attention on our Quiksilver, Roxy
and DC businesses, both to continue their healthy growth and to
improve their operating results."

"At the same time, we will seek to further reduce our exposure
to the winter sports equipment businesses we acquired in 2005,
including pursuing a sale of the businesses and we will work to
improve our balance sheet," Mr. McKnight stated.  "As we move
forward, our entire organization is deeply committed to
executing this plan."

"We have many strengths, including tremendous untapped growth
opportunities in our core apparel and footwear brands," Mr.
McKnight further commented.  "Our great brands, our global
operating platform and our leadership position in this
fragmented market are all among them."

"The two most important sources of strength, however, are a
deeply ingrained and powerful corporate culture and a tremendous
management team," Mr. McKnight went on to say.  "I am confident
that each of these will serve us, as they always have, as a
deciding factor in our success."

The company noted that Mr. McKnight will have three corporate
officers and three regional presidents reporting directly to him
under the company's new management structure.  Charlie Exon, who
serves as a director and the company's general counsel will also
assume the title of chief administrative officer, recognizing
his broader role in the areas of global communications and human
resources.  David Morgan, chief operating officer, will continue
in his role, including overseeing the company's global sourcing
initiative and also serving as president of the company's
Rossignol subsidiary through a transition period.  Joe Scirocco,
the company's chief financial officer, will continue to oversee
global finance initiatives and also report directly to Mr.
McKnight.

Mr. McKnight's three remaining direct reports will be
responsible for overseeing the company's regional businesses,
which operate the core brands of Quiksilver, Roxy and DC.  Marty
Samuels will continue to lead Quiksilver Americas as its
president from headquarters in Huntington Beach, California.  
Pierre Agnes will continue to serve as president of Quiksilver
Europe, based in St. Jean de Luz, France.  Craig Stevenson, who
currently serves as global brand leader for the Quiksilver
brand, will assume additional responsibilities as president of
Quiksilver South Asia/Pacific, based in Torquay, Australia.  All
three executives are long term employees of the company.

Under the terms of his separation agreement, Mr. Mariette will
remain available for a period of one year to advise on
transitional issues involving all aspects of the company's
brands and operations other than those of the Rossignol Group.

"Over the last 15 years at Quiksilver, it has been my pleasure
and honor to work with great people and see amazing athletes
showcase their natural talents," Mr. Mariette commented.  "Under
Bob McKnight's leadership, we've been able to develop the best
outdoor brands in the world."

"I'm confident that Quiksilver is well positioned for future
success with its leadership, its lifestyle focus, and its
brands," Mr. Mariette continued.  "While I will miss Bob and my
colleagues, I know that they will enjoy fantastic success in the
future."

"I have great confidence in our team, in our plan, and in our
ability to fully capitalize on the many opportunities that exist
for us," Mr. McKnight concluded.  "I am proud and excited to
lead this effort on behalf of our many partners, most
particularly our shareholders, who I thank for their loyalty,
input, patience and understanding."

                       About Quicksilver                                     
           

Quiksilver, Inc. -- http://www.quiksilver.com/-- is a globally  
diversified company that designs, produces and distributes
branded apparel, wintersports equipment, footwear, accessories
and related products. Its products are sold in over 90 countries
in a range of distribution channels, including surf shops, ski
shops, skateboard shops, snowboard shops, its Boardriders Club
shops, other specialty stores and select department stores. The
Company has three operating segments, the Americas, Europe and
Asia/Pacific. The Americas segment includes revenues primarily
from the United States and Canada. The European segment includes
revenues primarily from Western Europe.  The Asia/Pacific
segment includes revenues primarily from Australia, Japan, New
Zealand and Indonesia. In October 2007, the company entered into
an agreement to sell its golf equipment business.  This
transaction was completed in December 2007.   

Standard & Poor's Ratings Services assigned a BB- rating on
Quiksilver Inc.


QUIKSILVER INC: S&P's BB- Rating Unmoved by Planned Asset Sale
--------------------------------------------------------------
Standard & Poor's Ratings Services said its ratings and outlook
on apparel company Quiksilver Inc. (BB-/Negative/--) are
unaffected by the company's announcement that its president has
resigned and that it is exploring a potential sale of its ski
equipment business.  

Robert McKnight, chairman, CEO, and founder of the company, will
assume the role of president.  S&P expects the company's
operating strategies and financial policies to remain the same
following the change in management.  The company also said that
it has retained J.P. Morgan to assist with reducing its exposure
to the hard good equipment business, including selling its Skis
Rossignol S.A. operations, which it acquired in 2005 for about
US$303 million.  (This included a majority interest in Cleveland
Golf, which was sold in December 2007).  If a sale is
consummated, S&P expects most of the proceeds would be used to
repay debt; S&P estimates leverage would improve toward the
4.3x-4.5x area postdivestiture.  For the fiscal year ended
Oct. 31, 2007, leverage (as measured by total debt to EBITDA)
was high at 5.2x; yet adjusted for the December 2007 sale of
Cleveland Golf, this ratio declines to about 4.7x.
     
S&P believes that a sale of the ski equipment business will
allow management to focus on its legacy apparel brands
(Quiksilver, Roxy, and DC Shoes).  The Rossignol business is
capital intensive and provided a drag on operating results
because of an extremely poor winter season and weakening
economic trends.  While S&P views the potential sale and debt
reduction as positive factors, the impact of a softening retail
environment on the company's apparel business remains a concern.  
S&P will review the current negative outlook once a transaction
is announced.  A more favorable revision would be dependent on
the actual proceeds and debt reduction, as well as the operating
performance of Quiksilver's apparel business.

Quiksilver, Inc. -- http://www.quiksilver.com/-- is a globally  
diversified company that designs, produces and distributes
branded apparel, wintersports equipment, footwear, accessories
and related products. Its products are sold in over 90 countries
in a range of distribution channels, including surf shops, ski
shops, skateboard shops, snowboard shops, its Boardriders Club
shops, other specialty stores and select department stores. The
Company has three operating segments, the Americas, Europe and
Asia/Pacific. The Americas segment includes revenues primarily
from the United States and Canada. The European segment includes
revenues primarily from Western Europe.  The Asia/Pacific
segment includes revenues primarily from Australia, Japan, New
Zealand and Indonesia. In October 2007, the company entered into
an agreement to sell its golf equipment business.  This
transaction was completed in December 2007.


=============
G E R M A N Y
=============


AUTO KRAMER: Claims Registration Period Ends March 4
----------------------------------------------------
Creditors of Auto Kramer GmbH have until March 4, 2008, to
register their claims with court-appointed insolvency manager
Andrew Seidl.

Creditors and other interested parties are encouraged to attend
the meeting at 9:15 a.m. on April 15, 2008, 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 Dresden
         Hall D131
         Olbrichtplatz 1
         01099 Dresden
         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:

         Andrew Seidl
         Heideparkstrasse 14
         01099 Dresden
         Germany
         Website: www.ra-andrew-seidl.de  

The District Court of Dresden opened bankruptcy proceedings
against Auto Kramer GmbH on Feb. 5, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         Auto Kramer GmbH
         Wilsdruffer Strasse 54a
         01705 Freital
         Germany

         Attn: Juergen Fleischer, manager
         Geboren 1950
         Rudeltstrasse 56
         01705 Freital
         Germany


BAUMANNKUKUK GMBH: Claims Registration Period Ends March 4
----------------------------------------------------------
Creditors of BAUMANNKUKUK GmbH have until March 4, 2008 to
register their claims with court-appointed insolvency manager
Harald E. Manias.

Creditors and other interested parties are encouraged to attend
the meeting at 11:00 a.m. on March 12, 2008, 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 Freiburg
         Hall 2
         Holzmarkt 2
         79098 Freiburg i.Br.
         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:

         Harald E. Manias
         LG-Fach 70
         Zasiusstr. 35
         79102 Freiburg i. Br.
         Germany
         Tel: 0761/75323
         Fax: 0761/73791

The District Court of Freiburg opened bankruptcy proceedings
against BAUMANNKUKUK GmbH on Feb. 1, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         BAUMANNKUKUK GmbH
         Attn: Ruediger Baumann, Manager
         Am Flughafen 10
         79108 Freiburg
         Germany


CTI-COMMUNICATION: Claims Registration Period Ends March 15
-----------------------------------------------------------
Creditors of CTI-Communication Training GmbH have until
March 15, 2008, to register their claims with court-appointed
insolvency manager Wolfgang Delhaes.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 18, 2008, 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 insolvency manager can be reached at:

          Dr. Wolfgang Delhaes
          Media Park 6 A
          50670 Cologne
          Germany
          Tel: 0221/2920600
          Fax: +4922129206039

The District Court of Cologne opened bankruptcy proceedings
against  CTI-Communication Training GmbH on Jan. 22, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

          CTI-Communication Training GmbH
          Attn: Karin Klingel, Manager
          Suerther Str. 101
          50996 Cologne
          Germany


D.G. DENTAL: Claims Registration Period Ends March 14
-----------------------------------------------------
Creditors of D.G. Dental GmbH have until March 14, 2008, to
register their claims with court-appointed insolvency manager
Christian Langhoff.

Creditors and other interested parties are encouraged to attend
the meeting at 1:00 p.m. on April 14, 2008, 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 Neubrandenburg
         Hall 1
         Fr.-Engels-Ring 15-18
         Neubrandenburg
         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:

          Christian Langhoff
          Carl-Heydemann-Ring 55
          18437 Stralsund
          Germany

The District Court of Neubrandenburg opened bankruptcy
proceedings against D.G. Dental GmbH on Jan. 25, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         D.G. Dental GmbH
         Dahlienweg 18
         17109 Demmin
         Germany


ECOMARES INC: Colville Services Wants Recognition Denied
--------------------------------------------------------
Colville Services, Ltd., filed with the U.S. Bankruptcy Court
for the District of Nevada its opposition to Ecomares Inc.'s
Petition for Recognition of Foreign Main Proceeding.

Colville says it is presently the single largest shareholder of
Ecomares, owning 75,000,000 shares of stock.

Colville contends that the request regarding German insolvency
proceedings commenced in 2007, and purportedly on behalf of the
Debtor is simply the latest in a long list of evasive and
improper efforts undertaken by Ecomares, and/or its management,
to avoid liability, and responsibility for its past wrongdoings.

Dieter Kloth, the foreign representative who filed the Petition
on behalf of the Debtor, appears to have asserted in the German
proceedings that Ecomares’ presence in Nevada is nothing more
than a mailing address, Colville adds.

This assertion, however, Colville says, directly contradicts the
position previously taken by Ecomares, Kloth, and others, in a
German proceeding.  In the German proceeding, the Debtor
declared that it has multiple contractual and business
relationships in Nevada, as well as operations in Nevada and in
other parts of the United States.  Furthermore, the Debtor's
Petition seems to be disingenuous in that it appears to have
concealed, or ignored the fact that Ecomares, the Nevada
corporation, has not filed for bankruptcy in Germany.  Rather,
Colville says, all indications are that merely one or more of
its German subsidiaries are involved in insolvency proceedings
in Germany.

A hearing is scheduled for tomorrow, Feb. 20, 2008, at 2:00 p.m.

Colville is represented in the matter by Douglas D. Gerrard,
Esq., and Michael J. Newman, Esq., at Gerrad Cox & Larsen.

Ecomares, Inc. - http://www.ecomares.de/-- is a holding company  
that was founded by a group of German scientists and developers
and incorporated in Nevada in 2003.  Its principal place of
business is, however, Kiel, Germany.   Its subsidiaries are
engaged in the design, building and operation of fish hatcheries
worldwide.

On December 1, 2007, an insolvency proceeding was commenced
against the Debtor under the German insolvency act.  In Nevada,
the Debtor is a named party in two civil actions that are
pending in separate courts, namely against Colville Services,
Ltd. and against Angelina Ovcharik.
               
Dieter Kloth filed a Chapter 15 petition on Jan. 18, 2008
(Bankr. D. Nev. Case No. 08-50074).  Jeffrey L. Hartman, Esq.,
in Reno, Nevada represent Mr. Kloth.


ENERIS GMBH: Claims Registration Ends March 17
----------------------------------------------
Creditors of ENERIS GmbH have until March 17, 2008 to register
their claims with court-appointed insolvency manager Dr. Gideon
Boehm.

Creditors and other interested parties are encouraged to attend
the meeting at 9:40 a.m. on April 15, 2008, 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 Tostedt
         Meeting Hall I
         Linden 23
         21255 Tostedt
         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. Gideon Boehm
         Bachstr. 85 a
         22083 Hamburg
         Germany
         Tel: 040/320836-0
         Fax: 040/32083636

The District Court of Tostedt opened bankruptcy proceedings
against ENERIS GmbH on Jan. 24, 2008.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         ENERIS GmbH
         Attn: Per Thostrup, Manager
         Bahn 10
         21640 Nottensdorf
         Germany


GARTENGESTALTUNG TIJDINK: Claims Period Ends March 5
----------------------------------------------------
Creditors of Gartengestaltung Tijdink GmbH have until March 5,
2008, to register their claims with court-appointed insolvency
manager Matthias Dieckmann.

Creditors and other interested parties are encouraged to attend
the meeting at 11:10 a.m. on April 1, 2008, 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 Regensburg
         Room 105
         Augustenstr. 5
         Regensburg
         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:

         Matthias Dieckmann
         Gute Anger 11
         85356 Freising
         Germany
         Tel: 08161- 988110
         Fax: 08161-82472

The District Court of Regensburg opened bankruptcy proceedings
against Gartengestaltung Tijdink GmbH on Feb. 4, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Gartengestaltung Tijdink GmbH
         Brehmstr. 8
         84048 Mainburg
         Germany


GUENTER SCHIFFER: Claims Registration Period Ends March 14
----------------------------------------------------------
Creditors of Guenter Schiffer GmbH have until March 14, 2008, to
register their claims with court-appointed insolvency manager
Jens Olinger.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 15, 2008, 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 Aachen
         Meeting Hall K 5
         Third Floor
         Alter Posthof 1
         52062 Aachen
         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:

          Jens Olinger
          Zuelpicher Str. 117
          52349 Dueren
          Germany
          Tel: 02421/957827
          Fax: 02421/502462

The District Court of Aachen opened bankruptcy proceedings
against Guenter Schiffer GmbH on Jan. 16, 2008.  Consequently,
all pending proceedings against the company have been
automatically stayed.

The Debtor can be reached at:

          Guenter Schiffer GmbH
          Gereonstrasse 25
          52441 Linnich
          Germany


HELPING HANDS: Claims Registration Period Ends March 5
------------------------------------------------------
Creditors of Helping Hands Verpackungen Verwaltungs GmbH have
until March 5, 2008, to register their claims with court-
appointed insolvency manager Dr. Yorck Tilman Streitboerger.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on March 26, 2008, 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 6
         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:

         Dr. Yorck Tilman Streitboerger
         Adenauerplatz 4
         33602 Bielefeld
         Germany

The District Court of Bielefeld opened bankruptcy proceedings
against Helping Hands Verpackungen Verwaltungs GmbH on
Feb. 1, 2008.  Consequently, all pending proceedings against the
company have been automatically stayed.

The Debtor can be reached at:

         Helping Hands Verpackungen
         Verwaltungs GmbH
         Duisburger Str. 27
         33647 Bielefeld
         Germany

         Attn: Khalid Karim, Manager
         Friedrichstr. 48
         33615 Bielefeld
         Germany


HOLLYWOOD FUN: Claims Registration Period Ends March 13
-------------------------------------------------------
Creditors of Hollywood Fun Factory GmbH Multimediabetriebe have
until March 13, 2008, to register their claims with court-
appointed insolvency manager Harry Kressl.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 3, 2008, 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 Heilbronn
         Hall 4
         Ground Floor
         Rollwagstr. 10a
         74072 Heilbronn
         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:

          Harry Kressl
          Uhlandstrasse 57-61
          74072 Heilbronn
          Germany
          Tel: 07131/96540
          Fax: 07131/965432

The District Court of Heilbronn opened bankruptcy proceedings
against Hollywood Fun Factory GmbH Multimediabetriebe on
Jan. 28, 2008.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

          Hollywood Fun Factory GmbH Multimediabetriebe
          Talweg 2
          74906 Bad Rappenau
          Germany


IKB DEUTSCHE: Board Seeks EUR1.5 Billion Capital Increase
---------------------------------------------------------
The Management Board of IKB Deutsche Industriebank AG has
entered into extensive talks with the Management Board of KfW
and others to agree on a restructuring package for IKB.

The package aims to cover the additional valuation losses.  It
intends to provide a sufficient increase in the capital base of
the bank to cover valuation losses and restore the access to
capital markets.

The Supervisory Board of KfW has agreed to further restructuring
measures in order to avoid an insolvency of the bank.  KfW and
others will immediately resume negotiations to agree on the
details of the planned restructuring concept.

The new valuation of the portfolio investments is based upon a
mark-to-model valuation which has specifically been developed
for IKBs highly complex structured portfolio investments.  

The restructuring package to support IKB has been substantiated
following extensive negotiations.

A cash capital increase with subscription rights of up to       
EUR1,486,765,992.96 (subscription ratio 1 to 6) will be     
submitted for resolution to the Annual General Meeting of IKB on
March 27, 2008.  

KfW has confirmed to the German Federal Financial Supervisory
Authority (BaFin) that new shares arising from the capital
increase will be subscribed so that IKB will receive at least
EUR1.250 billion (before costs) from the capital increase.

KfW also agreed with BaFin to strengthen IKB's regulatory core
capital by EUR600 million by Feb. 19, 2008.  This will be
implemented through another payment in the capital reserve
(according to Sec. 272, section 2, number 4 German Commercial
Code/HGB).  The contractual details of this capital infusion
will be determined at short notice and may also include a
compensation with future profits (Besserungsabrede), which
might negatively affect future annual net profits.

As further part of the restructuring, IKB also plans to sell
substantial parts of its portfolio investments.

                        About IKB Deutsche

Headquartered in Dusseldorf, Germany, IKB Deutsche Industriebank
AG -- http://www.ikb.de/-- pioneered the long-term industrial
loan and provides medium-sized companies with long-term
financing.  The bank operates in several German locations, as
well as branches in the United Kingdom, Luxembourg, Spain and
France.

IKB had previously invested in securitized loans on the US
market for subprime mortgages, which are now almost worthless.
This resulted in a deep-seated crisis within the bank, pushing
it on the brink of bankruptcy.

                          *     *     *

As reported in the TCR-Europe on Jan. 25, 2008, Moody's
Investors Service downgraded the bank financial strength
rating of IKB Deutsche Industriebank to E+ from D-.  The
outlook on the BFSR is now developing.

As reported in the TCR-Europe on Jan. 9, 2008, Fitch Ratings has
upgraded IKB Deutsche Industriebank AG's Individual rating to
'E' from 'F'.  

The TCR-Europe also reported on Dec. 13, 2007, that Fitch
Ratings downgraded the loan facilities provided by IKB Deutsche
Industriebank AG and IKB International S.A. to Havenrock II
Limited as: US$165,000,000 loan provided by IKB International:
downgraded to 'CC/DR2' from 'BBB+' Outlook Negative;
US$404,875,000 Facility C loan provided by IKB: downgraded to
'CC/DR2' from 'BBB+'; Outlook Negative; US$43,750,000 Facility B
loan provided by IKB: downgraded to 'CC/DR2' from 'B+'; Outlook
Negative; and US$11,375,000 Facility A loan provided by IKB:
downgraded to 'CC/DR2' from 'CCC'; Outlook Negative.


IKB DEUTSCHE: Sees EUR750 Mln Net Loss for Year Ending March 31
---------------------------------------------------------------
IKB Deutsche Industriebank AG's Board of Managing Directors
estimates that the net loss for the company for the current
financial year ending March 31, 2008, will amount to around
EUR750 million.

This reflects the increased losses resulting from the new
valuation of the portfolio investments that are compensated in
part by loss bookings from participation.

The Board of Managing Directors expects a net loss for the Group
in the region of approximately EUR550 million for the financial
year 2007/08.  The former estimate of a net loss of up to EUR700
million did neither include the additional charges resulting
from the new valuation of the portfolio investments nor the
contribution from the fair value valuation of the liabilities
side.

The current earnings estimate is still subject to major
uncertainties as the audit of the interim results as of Sept.
30, 2007 has not been completed yet.  Higher losses might also
result from a sale of parts of the portfolio investments.

The losses resulting from the new valuation of the portfolio
investments substantially affect IKB's profit and loss account
in the current financial year.

The restructuring measures are added to the equity capital and
not booked as proceeds, so that there is no compensating effect
on the profit and loss account.

However, on the basis of the current market situation, IKB's
Board of Managing Directors expects a reverse (positive)
valuation effect of approximately EUR770 million.

IKB has opted for a valuation at fair value under IFRS for a
large part of its liabilities.  These liabilities have lost
heavily in market value due to the crisis and are therefore
booked at that lower market value on the balance sheet.

Under IFRS, this valuation gain is reflected in the profit and
loss account for the group.  As long as it is not booked against
permanent interest and capital losses of hybrid liabilities,
such gain will dissolve until the liabilities are reimbursed and
lead to a corresponding expense.

                        About IKB Deutsche

Headquartered in Dusseldorf, Germany, IKB Deutsche Industriebank
AG -- http://www.ikb.de/-- pioneered the long-term industrial
loan and provides medium-sized companies with long-term
financing.  The bank operates in several German locations, as
well as branches in the United Kingdom, Luxembourg, Spain and
France.

IKB had previously invested in securitized loans on the US
market for subprime mortgages, which are now almost worthless.
This resulted in a deep-seated crisis within the bank, pushing
it on the brink of bankruptcy.

                          *     *     *

As reported in the TCR-Europe on Jan. 25, 2008, Moody's
Investors Service downgraded the bank financial strength
rating of IKB Deutsche Industriebank to E+ from D-.  The
outlook on the BFSR is now developing.

As reported in the TCR-Europe on Jan. 9, 2008, Fitch Ratings has
upgraded IKB Deutsche Industriebank AG's Individual rating to
'E' from 'F'.  

The TCR-Europe also reported on Dec. 13, 2007, that Fitch
Ratings downgraded the loan facilities provided by IKB Deutsche
Industriebank AG and IKB International S.A. to Havenrock II
Limited as: US$165,000,000 loan provided by IKB International:
downgraded to 'CC/DR2' from 'BBB+' Outlook Negative;
US$404,875,000 Facility C loan provided by IKB: downgraded to
'CC/DR2' from 'BBB+'; Outlook Negative; US$43,750,000 Facility B
loan provided by IKB: downgraded to 'CC/DR2' from 'B+'; Outlook
Negative; and US$11,375,000 Facility A loan provided by IKB:
downgraded to 'CC/DR2' from 'CCC'; Outlook Negative.


IKB DEUTSCHE: Cuts Profit by EUR142MM in Revised 2006-07 Results
----------------------------------------------------------------
IKB Deutsche Industriebank AG's Supervisory Board has approved
the audited revised consolidated accounts for the Group and the
audited revised accounts for the company for the financial year
2006/2007.

Due to the implemented changes, the Group's profit for the year
was reduced by EUR141.8 million to EUR37.9 million and the
equity capital decreased by EUR206.2 million to EUR1.19 billion.

The Group's balance sheet total increased by EUR11.49 billion to
EUR63.54 billion, due to the consolidation of the Rhineland
Conduit.  

The annual net profit for the AG of EUR146.3 million before
changes is fully absorbed through the changes.  The revised
annual net profit amounts to EUR0.

As a consequence, no dividend will be distributed and the
retained earnings are reduced by EUR71.5 million.

                        About IKB Deutsche

Headquartered in Dusseldorf, Germany, IKB Deutsche Industriebank
AG -- http://www.ikb.de/-- pioneered the long-term industrial
loan and provides medium-sized companies with long-term
financing.  The bank operates in several German locations, as
well as branches in the United Kingdom, Luxembourg, Spain and
France.

IKB had previously invested in securitized loans on the US
market for subprime mortgages, which are now almost worthless.
This resulted in a deep-seated crisis within the bank, pushing
it on the brink of bankruptcy.

                          *     *     *

As reported in the TCR-Europe on Jan. 25, 2008, Moody's
Investors Service downgraded the bank financial strength
rating of IKB Deutsche Industriebank to E+ from D-.  The
outlook on the BFSR is now developing.

As reported in the TCR-Europe on Jan. 9, 2008, Fitch Ratings has
upgraded IKB Deutsche Industriebank AG's Individual rating to
'E' from 'F'.  

The TCR-Europe also reported on Dec. 13, 2007, that Fitch
Ratings downgraded the loan facilities provided by IKB Deutsche
Industriebank AG and IKB International S.A. to Havenrock II
Limited as: US$165,000,000 loan provided by IKB International:
downgraded to 'CC/DR2' from 'BBB+' Outlook Negative;
US$404,875,000 Facility C loan provided by IKB: downgraded to
'CC/DR2' from 'BBB+'; Outlook Negative; US$43,750,000 Facility B
loan provided by IKB: downgraded to 'CC/DR2' from 'B+'; Outlook
Negative; and US$11,375,000 Facility A loan provided by IKB:
downgraded to 'CC/DR2' from 'CCC'; Outlook Negative.


KRITEX GMBH: Claims Registration Period Ends March 13
-----------------------------------------------------
Creditors of Kritex GmbH have until March 13, 2008, to register
their claims with court-appointed insolvency manager Christian
Hanken.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 10, 2008, 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 Aurich
         Hall 018
         Schlossplatz 2
         26603 Aurich
         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:

          Christian Hanken
          Wallstrasse 3
          D 26409 Wittmund
          Germany
          Tel: 04462/9191 14
          Fax: 04462/9191 91

The District Court of Aurich opened bankruptcy proceedings
against Kritex GmbH on Jan. 1, 2008.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

          Kritex GmbH
          Osterstr. 31
          26409 Wittmund
          Germany


LIBRETTO DUE: Claims Registration Period Ends March 14
------------------------------------------------------
Creditors of Libretto Due Bistro-Betriebsgesellschaft mbH have
until March 14, 2008, to register their claims with court-
appointed insolvency manager Dr. Manuel Cadmus pp.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on April 11, 2008, 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:

         Dr. Manuel Cadmus pp.
         Stadthausbruecke 12
         20355 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against Libretto Due Bistro-Betriebsgesellschaft mbH on Jan. 21,
2008.  Consequently, all pending proceedings against the company
have been automatically stayed.

The Debtor can be reached at:

          Libretto Due Bistro-Betriebsgesellschaft mbH
          Schlueterstrasse 28
          20146 Hamburg
          Germany


MDF.1 LOKALES: Claims Registration Period Ends March 14
-------------------------------------------------------  
Creditors of MDF.1 Lokales Fernsehen Magdeburg GmbH have until
March 14, 2008, to register their claims with court-appointed
insolvency manager Cathleen Tetzel.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on April 4, 2008, 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 Magdeburg
          Hall 14
          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:

          Cathleen Tetzel
          Halberstadter Strasse 115
          39112 Magdeburg
          Germany
          Tel: 0391-7276484
          Fax: 0391-7276486
          E-mail: t-s-insolvenzverwaltung@primacom.net  

The District Court of Magdeburg opened bankruptcy proceedings
against MDF.1 Lokales Fernsehen Magdeburg GmbH on Jan. 28, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

          MDF.1 Lokales Fernsehen Magdeburg GmbH
          Georg-Kaiser-Str. 3
          39116 Magdeburg
          Germany


MS ANLAGENTECHNIK: Claims Registration Period Ends March 14
-----------------------------------------------------------
Creditors of MS Anlagentechnik GmbH have until March 14, 2008,
to register their claims with court-appointed insolvency manager
Stephan Laubereau.

Creditors and other interested parties are encouraged to attend
the meeting at 8:50 a.m. on April 15, 2008, 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 Frankfurt (Main)
         Hall 2
         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 insolvency manager can be reached at:

          Dr. Stephan Laubereau
          Trakehner Strasse 7-9
          60487 Frankfurt (Main)
          Germany
          Tel: 069/8509693-0
          Fax: 069/8509693-29

The District Court of Frankfurt (Main) opened bankruptcy
proceedings against MS Anlagentechnik GmbH on Jan. 29, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

          MS Anlagentechnik GmbH
          Vilbeler Landstrasse 36
          60386 Frankfurt (Main)
          Germany


OPEN CONCEPTS: Claims Registration Period Ends March 3
------------------------------------------------------
Creditors of Open Concepts Product Mangement GmbH have until
March 3, 2008 to register their claims with court-appointed
insolvency manager Boris Reski.

Creditors and other interested parties are encouraged to attend
the meeting at 11:30 a.m. on March 31, 2008, 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 Pinneberg
         Hall 5
         Station Route 17
         25421 Pinneberg
         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:

         Boris Reski
         Moltkestrasse 3-5
         25421 Pinneberg
         Germany

The District Court of Pinneberg opened bankruptcy proceedings
against Open Concepts Product Mangement GmbH on Feb. 1, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Open Concepts Product Mangement GmbH
         Attn: Wolfgang Bern, Manager
         Pinneberger Str. 239-241
         25488 Holm
         Germany


PALAST DER EITELKEITEN: Claims Registration Period Ends March 14
----------------------------------------------------------------
Creditors of Palast der Eitelkeiten GmbH have until March 14,
2008, to register their claims with court-appointed insolvency
manager F. Peters.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on April 10, 2008, 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:

          F. Peters
          Deichstrasse 1
          20459 Hamburg
          Germany

The District Court of Hamburg opened bankruptcy proceedings
against Palast der Eitelkeiten GmbH on Jan. 11, 2008.  
Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

          Palast der Eitelkeiten GmbH
          Attn: Sabine Milde and Bjoern Bansemer, Managers
          Heinickestrasse 2
          20249 Hamburg
          Germany


PARAMOUNT INTERNATIONAL: Claims Registration Ends March 17
----------------------------------------------------------
Creditors of PARAMOUNT INTERNATIONAL REISEDIENST, HANDELS- UND
CONSULTING GMBH have until March 17, 2008 to register their
claims with court-appointed insolvency manager Soenke Hansen.

Creditors and other interested parties are encouraged to attend
the meeting at 9:30 a.m. on April 17, 2008, 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
         Meeting Hall B 405
         Fourth Floor
         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:

         Soenke Hansen
         Moenckebergstrasse 17
         20095 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against PARAMOUNT INTERNATIONAL REISEDIENST, HANDELS- UND
CONSULTING GMBH on Jan. 22, 2008.  Consequently, all pending
proceedings against the company have been automatically stayed.

The Debtor can be reached at:

         PARAMOUNT INTERNATIONAL REISEDIENST, HANDELS- UND
         CONSULTING GMBH
         Attn: Vidyadhar Bahutule, Manager
         Holzdamm 53
         20099 Hamburg
         Germany


PB-PROJECT-BAU: Claims Registration Period Ends March 13
--------------------------------------------------------
Creditors of PB-project-bau GmbH have until March 13, 2008, to
register their claims with court-appointed insolvency manager
Mathias Dorn.

Creditors and other interested parties are encouraged to attend
the meeting at 9:00 a.m. on April 3, 2008, 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
         Zi.Nr. 144/I
         Residenzplatz 4-6
         87435 Kempten
         Russia

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:

         Mathias Dorn
         Allgauer Strasse 1
         87435 Kempten
         Germany
         Tel: (0831) 580 0434
         Fax: (0831) 580 0464

The District Court of Kempten opened bankruptcy proceedings
against PB-project-bau GmbH on Jan. 10, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

         PB-project-bau GmbH
         Aybuehlweg 34
         87435 Kempten
         Germany


PETER JORDAN: Files Insolvency Petition; Looking for Buyers
-----------------------------------------------------------
Peter Jordan GmbH, on Jan. 30, 2008, filed a Petition for
Insolvency with the Lower Court at Offenbach am Main.  A
Provisional Liquidator has been appointed.

The company says that business in continuing as usual and that
supply to customers is guaranteed.  The company further said
that suppliers are continuing deliveries.

The company's management and the Provisional Liquidator hope to
find a solution to the problem at the soonest time possible.  
The company is currently looking for investors to buy shares in
the company.

According to Evertiq, the company and Provisional Liquidator
have until March 30, 2008, to find such buyers.

Based in Offenbach am Main, Germany, Peter Jordan GmbH is a  
distributor of material and machinery equipment for the
electronics manufacturing and PCB industry.


PROJEKT OBERHAUNSTADT: Claims Registration Ends March 17
--------------------------------------------------------
Creditors of Projekt Oberhaunstadt GmbH have until March 17,
2008 to register their claims with court-appointed insolvency
manager Joachim Exner.

Creditors and other interested parties are encouraged to attend
the meeting at 9:25 a.m. on April 17, 2008, 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 Ingolstadt
         Meeting Hall 28
         First Floor
         Schrannenstr. 3
         85049 Ingolstadt
         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:

         Joachim Exner
         Stahlstrasse 17
         90411 Nuremberg
         Germany
         Tel: 0911/9512850
         Fax: 0911/95 12 8510

The District Court of Ingolstadt opened bankruptcy proceedings
against Projekt Oberhaunstadt GmbH on Jan. 22, 2008.

Consequently, all pending proceedings against the company have
been automatically stayed.

The Debtor can be reached at:

         Projekt Oberhaunstadt GmbH
         Rankestrasse 11
         85051 Ingolstadt
         Germany

         Attn: Rainer Steger, Manager
         Rankestrasse 11
         85051 Ingolstadt
         Germany


PUN PUTZ: Claims Registration Ends March 17
-------------------------------------------
Creditors of PUN Putz Nutzfahrzeuge Handelsgesellschaft mbH have
until March 17, 2008 to register their claims with court-
appointed insolvency manager Jens-Soeren Schröder.

Creditors and other interested parties are encouraged to attend
the meeting at 9:45 a.m. on April 17, 2008, 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
         Meeting Hall B405
         Fourth Floor
         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:

         Jens-Soeren Schroeder
         Raboisen 38
         20095 Hamburg
         Germany

The District Court of Hamburg opened bankruptcy proceedings
against PUN Putz Nutzfahrzeuge Handelsgesellschaft mbH on
Jan. 25, 2008.  Consequently, all pending proceedings against
the company have been automatically stayed.

The Debtor can be reached at:

         PUN Putz Nutzfahrzeuge Handelsgesellschaft mbH
         Attn: Wolf-Dieter Schelske, Manager
         Rolandufer 13
         10179 Berlin
         Germany


REELL - SERVICE: Claims Registration Period Ends March 14
---------------------------------------------------------
Creditors of REELL - SERVICE und Handelsgesellschaft mbH have
until March 14, 2008, to register their claims with court-
appointed insolvency manager Heiko Rautmann.

Creditors and other interested parties are encouraged to attend
the meeting at 9:40 a.m. on April 15, 2008, 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 Magdeburg
          Hall 13
          Justizzentrum 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 District Court of Magdeburg opened bankruptcy proceedings
against REELL - SERVICE und Handelsgesellschaft mbH on Jan. 29,
2008.  Consequently, all pending proceedings against the company
have been automatically stayed.

The Debtor can be reached at:

          REELL - SERVICE und Handelsgesellschaft mbH
          Attn: Gerhard Thunemann, Manager
          Agnetenstr. 14
          39106 Magdeburg
          Germany


RITTER GASTRONOMIEBETRIEBE: Claims Registration Ends March 17
-------------------------------------------------------------
Creditors of Ritter Gastronomiebetriebe GmbH have until
March 17, 2008 to register their claims with court-appointed
insolvency manager Dr. Michael Krebs.

Creditors and other interested parties are encouraged to attend
the meeting at 10:15 a.m. on April 16, 2008, 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 Aschaffenburg
         Meeting Hall 5.103
         Schlossplatz 5
         63739 Aschaffenburg
         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. Michael Krebs
         Frohsinnstr. 15
         63739 Aschaffenburg
         Germany
         Tel: 06021/30880
         Fax: 06021/308899

The District Court of Aschaffenburg opened bankruptcy
proceedings against Ritter Gastronomiebetriebe GmbH on Oct. 4,
2007.  Consequently, all pending proceedings against the company
have been automatically stayed.

The Debtor can be reached at:

         Ritter Gastronomiebetriebe GmbH
         Maiersacker 7
         63864 Glattbach
         Germany


TROBASTO GMBH: Claims Registration Period Ends March 14
-------------------------------------------------------
Creditors of TroBaSto GmbH have until March 14, 2008, to
register their claims with court-appointed insolvency manager
Boris Reski.

Creditors and other interested parties are encouraged to attend
the meeting at 10:00 a.m. on April 14, 2008, 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 Pinneberg
         Hall 5
         First Floor
         Bahnhofstrasse 17
         25421 Pinneberg
         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:

          Boris Reski
          Moltkestrasse 3-5
          25421 Pinneberg
          Germany

The District Court of Pinneberg opened bankruptcy proceedings
against TroBaSto GmbH on Jan. 18, 2008.  Consequently, all
pending proceedings against the company have been automatically
stayed.

The Debtor can be reached at:

          TroBaSto GmbH
          Attn:  Senol Ayten and Cornelia Ayten, Managers
          Flamweg 114
          25335 Elmshorn
          Germany


VISTEON CORP: Posts US$372 Million Net Loss in 2007
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Visteon Corp. has released its fourth quarter and full-year 2007
results.  For fourth quarter 2007, the company reported a net
loss of US$43 million on sales from continuing operations of
US$2.9 billion.  The fourth quarter net loss includes
US$30 million of non-cash asset impairments and US$32 million of
restructuring expenses that were not eligible for reimbursement
from the escrow account.  For fourth quarter 2006, the company
reported a net loss of US$39 million on sales from continuing
operations of US$2.8 billion.

EBIT-R for fourth quarter 2007 was US$15 million, an improvement
of US$52 million over the same period of 2006.

The company generated US$331 million of cash from operating
activities during fourth quarter 2007, an increase of US$92
million or 38 percent compared to fourth quarter 2006.  Free
cash flow was US$187 million for fourth quarter 2007, an
increase of US$56 million over fourth quarter 2006.

"For the fourth quarter and full year 2007, Visteon delivered on
the financial guidance we provided," said chairperson and chief
executive officer, Michael F. Johnston.  "We continue to
progress with our restructuring activities as planned, and have
now completed 18 of the 30 items that are part of our three-year
plan.  By implementing our restructuring and continuing to
improve our operations and global capabilities, we are
positioning Visteon for long- term success."

            Restructuring and Business Improvements     

During the fourth quarter 2007, Visteon completed the closure of
its climate facility in Connersville, Indiana, and notified
workers at its interiors facility in Bellignat, France, of its
intention to exit the facility during the first quarter 2008.  
The company plans to address eight facilities during 2008,
including closing its Bellignat, France, and Bedford, Indiana,
facilities and selling its non-core chassis facility located in
Swansea, Wales -- the completion of which is subject to the
negotiation and execution of definitive agreements and customary
approvals.  Additionally, during January 2008, the company
announced plans to close the Concordia, Missouri, fuel tank
assembly plant, with closure expected to be completed during the
third quarter 2008.  Upon completion of these items, 22 of the
30 facility restructuring actions included in the company's
three-year improvement plan will have been addressed.

On Feb. 1, 2008, the company announced the sale of its non-core
North American-based aftermarket underhood and remanufacturing
operations, including a manufacturing plant in Sp