/raid1/www/Hosts/bankrupt/TCRLA_Public/100824.mbx
T R O U B L E D C O M P A N Y R E P O R T E R
L A T I N A M E R I C A
Tuesday, August 24, 2010, Vol. 11, No. 166
Headlines
A R G E N T I N A
ACCION GROUP: Creditors' Proofs of Debt Due on September 30
BAR EXPRESS: Creditors' Proofs of Debt Due on November 5
FIBRA PAPELERA: Creditors' Proofs of Debt Due on October 13
METALKU SA: Creditors' Proofs of Debt Due on October 8
NORCOMB SRL: Creditors' Proofs of Debt Due on October 18
B A H A M A S
CLICO (BAHAMAS): Liquidator Seeks to Stop Fire Sale of Major Asset
B E R M U D A
LONE STAR: Creditors' Proofs of Debt Due on September 17
LONE STAR: Members' Final Meeting Set for September 24
LSREF IRISH: Creditors' Proofs of Debt Due on September 17
LSREF IRISH: Members' Final Meeting Set for September 24
MILLENNIUM INORGANIC: Creditors' Proofs of Debt Due on August 27
MILLENNIUM INORGANIC: Members' Final Meeting Set for September 17
MILLENNIUM INORGANIC: Creditors' Proofs of Debt Due on August 27
MILLENNIUM INORGANIC: Members' Final Meeting Set for September 17
C A Y M A N I S L A N D S
ACTIV HOLDINGS: Creditors' Proofs of Debt Due on September 16
AJAX RE: Creditors' Proofs of Debt Due on September 16
BALVENIE LIMITED: Creditors' Proofs of Debt Due on September 16
CALUANA LIMITED: Creditors' Proofs of Debt Due on September 15
DANA PETROLEUM: Creditors' Proofs of Debt Due on September 16
ESPEN NORDHUS: Creditors' Proofs of Debt Due on September 16
FIRST HOSPITAL: Creditors' Proofs of Debt Due on September 13
GANYMEDE CAPITAL: Creditors' Proofs of Debt Due on September 16
HTMZ LIMITED: Creditors' Proofs of Debt Due on September 16
LAKESIDE RE: Creditors' Proofs of Debt Due on September 16
LCG SPV2: Creditors' Proofs of Debt Due on September 16
MANGROVE RE: Creditors' Proofs of Debt Due on September 16
MAX-MM: Creditors' Proofs of Debt Due on September 16
MYSTIC RE: Creditors' Proofs of Debt Due on September 16
PARAMETRIC RE: Creditors' Proofs of Debt Due on September 16
PRIME FINANCE: Creditors' Proofs of Debt Due on September 16
SOUTH COAST: Creditors' Proofs of Debt Due on September 16
SUMITOMO FINANCE: Creditors' Proofs of Debt Due on September 16
VASCO RE: Creditors' Proofs of Debt Due on September 16
ZURICH PREMIER: Creditors' Proofs of Debt Due on September 16
J A M A I C A
DIGICEL GROUP: Invests JM$2 Billion in Internet Service
P U E R T O R I C O
CARIBBEAN PETROLEUM: Wants to Sell Substantially All of Assets
CARIBBEAN PETROLEUM: Section 341(a) Meeting Scheduled for Sept. 16
CARIBBEAN PETROLEUM: Wants Filing of Schedules Extended to 60 Days
V E N E Z U E L A
HELM BANK: Venezuela Shuts Down Bank for Connections to Banco Real
X X X X X X X X
* Large Companies With Insolvent Balance Sheets
- - - - -
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A R G E N T I N A
=================
ACCION GROUP: Creditors' Proofs of Debt Due on September 30
-----------------------------------------------------------
Armando Luis Molinari, the court-appointed trustee for Accion
Group SA's bankruptcy proceedings, will be verifying creditors'
proofs of claim until September 30, 2010.
Mr. Molinari will present the validated claims in court as
individual reports. The National Commercial Court of First
Instance No. 1 in Buenos Aires, with the assistance of Clerk
No. 1, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.
The Trustee can be reached at:
Armando Luis Molinari
Rodriguez Pena 110
Argentina
BAR EXPRESS: Creditors' Proofs of Debt Due on November 5
--------------------------------------------------------
The court-appointed trustee for Bar Express S.A.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
November 5, 2010.
The trustee will present the validated claims in court as
individual reports on December 20, 2010. The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.
Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.
A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
March 10, 2011.
FIBRA PAPELERA: Creditors' Proofs of Debt Due on October 13
-----------------------------------------------------------
The court-appointed trustee for Fibra Papelera S.A.'s
reorganization proceedings, will be verifying creditors' proofs of
claim until October 13, 2010.
The trustee will present the validated claims in court as
individual reports on November 24, 2010. The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.
Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.
A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
March 8, 2011.
Creditors will vote to ratify the completed settlement plan
during the assembly on September 21, 2011.
METALKU SA: Creditors' Proofs of Debt Due on October 8
------------------------------------------------------
Moises Gorelik, the court-appointed trustee for Metalku SA's
reorganization proceedings, will be verifying creditors' proofs of
claim until October 8, 2010.
Mr. Gorelik will present the validated claims in court as
individual reports. The National Commercial Court of First
Instance No. 14 in Buenos Aires, with the assistance of Clerk
No. 28, will determine if the verified claims are admissible,
taking into account the trustee's opinion, and the objections and
challenges that will be raised by the company and its creditors.
Creditors will vote to ratify the completed settlement plan
during the assembly on August 4, 2011.
The Trustee can be reached at:
Moises Gorelik
Lavalle 1675
Argentina
NORCOMB SRL: Creditors' Proofs of Debt Due on October 18
--------------------------------------------------------
The court-appointed trustee for Norcomb S.R.L.'s bankruptcy
proceedings, will be verifying creditors' proofs of claim until
October 18, 2010.
The trustee will present the validated claims in court as
individual reports on November 29, 2010. The National Commercial
Court of First Instance in Buenos Aires will determine if the
verified claims are admissible, taking into account the trustee's
opinion, and the objections and challenges that will be raised by
the company and its creditors.
Inadmissible claims may be subject to appeal in a separate
proceeding known as an appeal for reversal.
A general report that contains an audit of the company's
accounting and banking records will be submitted in court on
February 11, 2011.
=============
B A H A M A S
=============
CLICO (BAHAMAS): Liquidator Seeks to Stop Fire Sale of Major Asset
------------------------------------------------------------------
CLICO Bahamas Limited liquidator Craig Gomez sought a 90-day
extension from the U.S. courts to reorganize the affairs of the
company's main asset, Wellington Preserve Corporation, which
accounts for 63% of the insolvent insurer's total assets, in a bid
to avoid a "fire sale" of a development worth "enormously in
excess" of the liens against it, the Tribune Business of The
Bahamas reports. CLICO Bahamas is a subsidiary of CL Financial
Limited.
According to the Tribune, Mr. Gomez also wants more time to
complete Wellington Preserve's sale to a new buyer since the
potential deal with initial front runner, the Hines Group, has
fallen through. Mr. Gomez is both president and director of
Wellington Preserve.
The Tribune, citing an August 10 filing with the U.S. courts,
relates Mr. Gomez and his attorneys placed Wellington Preserve in
Chapter 11 bankruptcy protection after the Hines Group deal
collapsed. The report relates that Wellington Preserve needed to
be protected from a US$1.5 million judgment entered against it and
numerous creditors, who include the U.S. Internal Revenue Service.
The Tribune, citing the filing, notes Mr. Gomez said that the
property is "presently encumbered by outstanding and unpaid real
estate taxes; a judgment for approximately US$1.5 million, a
certified copy of which was recorded during the preference period;
and minor mechanic's liens claims totaling less than US$50,000."
"In this very unusual case, there is no mortgage. The entire
parcel, before some lots were subdivided and sold, was purchased
for US$55 million in 2004. The estimated 'as built' sellout for
the lots was over US$120 million. As is, even in the economy of
today, the property is worth tens of millions of dollars-
enormously in excess of the encumbrances," the Tribune report
said.
The Tribune report added: "The implication of all this for CLICO
(Bahamas) policyholders and Bahamian creditors is that the return
of their monies might be further delayed, as the liquidator will
have to work out and through all the potential tax liabilities and
creditor claims."
CLICO Life and General Insurance Company South America Limited
(CLICO Guyana)'s legal team is currently trying to get back at
least part of US$6.9 billion, which represent 53% of its assets,
that was invested in Clico (Bahamas), the report adds.
About Clico (Bahamas)
Clico (Bahamas) Limited is a Bahamian company that was involved in
life and health insurance, pensions and annuities.
* * *
As reported by the Troubled Company Reporter on April 30, 2009,
Clico (Bahamas) Limited filed for bankruptcy protection under
Chapter 15 of the U.S. Bankruptcy Code before the U.S. Bankruptcy
Court for the Southern District of Florida (Miami). Chapter 15
allows a company to seek protection from creditors in the United
States while its primary bankruptcy case is pending in another
country.
Clico commenced insolvency proceedings before the Commercial
Division of the Supreme Court of the Bahamas. The TCR, citing a
Bloomberg report, said Clico listed assets and debt of as much as
$500 million each. The Company, Bloomberg said, citing court
papers, loaned more than $70 million to affiliated companies which
Clico's liquidator "believes has found its way into real estate
developments."
Craig A. Gomez was appointed by the Bahamian court as liquidator
of Clico, Bloomberg reported, citing court documents.
=============
B E R M U D A
=============
LONE STAR: Creditors' Proofs of Debt Due on September 17
--------------------------------------------------------
The creditors of Lone Star Real Estate Holdings, Ltd. are required
to file their proofs of debt by September 17, 2010, to be included
in the company's dividend distribution.
The company commenced wind-up proceedings on August 10, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House
Church Street, Hamilton
Bermuda
LONE STAR: Members' Final Meeting Set for September 24
------------------------------------------------------
The members of Lone Star Real Estate Holdings, Ltd. will hold
their final meeting, on September 24, 2010, at 9:30 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.
The company commenced wind-up proceedings on August 10, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House
Church Street, Hamilton
Bermuda
LSREF IRISH: Creditors' Proofs of Debt Due on September 17
----------------------------------------------------------
The creditors of LSREF Irish Holdings, Ltd. are required to file
their proofs of debt by September 17, 2010, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on August 10, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House
Church Street, Hamilton
Bermuda
LSREF IRISH: Members' Final Meeting Set for September 24
--------------------------------------------------------
The members of LSREF Irish Holdings, Ltd. will hold their final
meeting, on September 24, 2010, at 9:30 a.m., to receive the
liquidator's report on the company's wind-up proceedings and
property disposal.
The company commenced wind-up proceedings on August 10, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House
Church Street, Hamilton
Bermuda
MILLENNIUM INORGANIC: Creditors' Proofs of Debt Due on August 27
----------------------------------------------------------------
The creditors of Millennium Inorganic Chemicals JCM Ltd. are
required to file their proofs of debt by August 27, 2010, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on August 10, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House
Church Street, Hamilton
Bermuda
MILLENNIUM INORGANIC: Members' Final Meeting Set for September 17
-----------------------------------------------------------------
The members of Millennium Inorganic Chemicals JCM Ltd. will hold
their final meeting, on September 17, 2010, at 9:30 a.m., to
receive the liquidator's report on the company's wind-up
proceedings and property disposal.
The company commenced wind-up proceedings on August 10, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House
Church Street, Hamilton
Bermuda
MILLENNIUM INORGANIC: Creditors' Proofs of Debt Due on August 27
----------------------------------------------------------------
The creditors of Millennium Inorganic Chemicals (Bermuda) Limited
are required to file their proofs of debt by August 27, 2010, to
be included in the company's dividend distribution.
The company commenced wind-up proceedings on August 10, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House
Church Street, Hamilton
Bermuda
MILLENNIUM INORGANIC: Members' Final Meeting Set for September 17
-----------------------------------------------------------------
The members of Millennium Inorganic Chemicals (Bermuda) Limited
will hold their final meeting, on September 17, 2010, at
9:30 a.m., to receive the liquidator's report on the company's
wind-up proceedings and property disposal.
The company commenced wind-up proceedings on August 10, 2010.
The company's liquidator is:
Robin J. Mayor
Clarendon House
Church Street, Hamilton
Bermuda
==========================
C A Y M A N I S L A N D S
==========================
ACTIV HOLDINGS: Creditors' Proofs of Debt Due on September 16
-------------------------------------------------------------
The creditors of Activ Holdings Co. are required to file their
proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on August 4, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
AJAX RE: Creditors' Proofs of Debt Due on September 16
------------------------------------------------------
The creditors of Ajax Re Limited are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on July 21, 2010.
The company's liquidators are:
Katherine Chiazza
Damien Austin
P.O. Box 1109, HSBC House 68 West Bay Road
Grand Cayman, Cayman Islands
Shaun Green
Telephone: 914-7532
Facsimile: 949-6021
P.O. Box 1109, HSBC House
68 West Bay Road, Grand Cayman
Cayman Islands
Telephone: 949-7755
Facsimile: 949-6021
BALVENIE LIMITED: Creditors' Proofs of Debt Due on September 16
---------------------------------------------------------------
The creditors of Balvenie Limited are required to file their
proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on July 26, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
CALUANA LIMITED: Creditors' Proofs of Debt Due on September 15
--------------------------------------------------------------
The creditors of Caluana Limited are required to file their proofs
of debt by September 15, 2010, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on July 29, 2010.
The company's liquidator is:
Eagle Holdings Ltd.
c/o Barclays Private Bank & Trust (Cayman) Limited
FirstCaribbean House, 4th Floor
P.O. Box 487, Grand Cayman KY1-1106
Cayman Islands
Telephone: 345 949-7128
DANA PETROLEUM: Creditors' Proofs of Debt Due on September 16
-------------------------------------------------------------
The creditors of Dana Petroleum (Holdings) Limited are required to
file their proofs of debt by September 16, 2010, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on August 2, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
ESPEN NORDHUS: Creditors' Proofs of Debt Due on September 16
------------------------------------------------------------
The creditors of Espen Nordhus Trading Ltd. are required to file
their proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on July 31, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
FIRST HOSPITAL: Creditors' Proofs of Debt Due on September 13
-------------------------------------------------------------
The creditors of The First Hospital Insurance Company, Ltd. are
required to file their proofs of debt by September 13, 2010, to be
included in the company's dividend distribution.
The company commenced wind-up proceedings on August 3, 2010.
The company's liquidators are:
Katherine Chiazza
Damien Austin
P.O. Box 1109, HSBC House 68 West Bay Road
Grand Cayman, Cayman Islands
Shaun Green
Telephone: 914-7532
Facsimile: 949-6021
P.O. Box 1109, HSBC House
68 West Bay Road, Grand Cayman
Cayman Islands
Telephone: 949-7755
Facsimile: 949-6021
GANYMEDE CAPITAL: Creditors' Proofs of Debt Due on September 16
---------------------------------------------------------------
The creditors of Ganymede Capital Company Limited are required to
file their proofs of debt by September 16, 2010, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on August 6, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
HTMZ LIMITED: Creditors' Proofs of Debt Due on September 16
-----------------------------------------------------------
The creditors of HTMZ Limited are required to file their proofs of
debt by September 16, 2010, to be included in the company's
dividend distribution.
The company commenced liquidation proceedings on August 6, 2010.
The company's liquidator is:
Victor Murray
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102, Cayman Islands
LAKESIDE RE: Creditors' Proofs of Debt Due on September 16
----------------------------------------------------------
The creditors of Lakeside Re Ltd. are required to file their
proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on August 4, 2010.
The company's liquidators are:
Anya Payne
Katherine Chiazza
P.O. Box 1109, HSBC House
68 West Bay Road, Grand Cayman
Cayman Islands; or
Yohann Regnard
Telephone: 919-7595
Facsimile: 949-6021
P.O. Box 1109, HSBC House
68 West Bay Road, Grand Cayman
Cayman Islands
Telephone: 949-7755
Facsimile: 949-6021
LCG SPV2: Creditors' Proofs of Debt Due on September 16
-------------------------------------------------------
The creditors of LCG SPV2, Ltd. are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.
The company commenced liquidation proceedings on August 4, 2010.
The company's liquidator is:
Victor Murray
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102, Cayman Islands
MANGROVE RE: Creditors' Proofs of Debt Due on September 16
----------------------------------------------------------
The creditors of Mangrove Re Ltd are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on August 2, 2010.
The company's liquidators are:
Katherine Chiazza
Shaun Green
P.O. Box 1109, HSBC House
68 West Bay Road, Grand Cayman
Cayman Islands
Telephone: 914-7553/ 949-7755
Facsimile: 949-6021/ 949-6021
MAX-MM: Creditors' Proofs of Debt Due on September 16
-----------------------------------------------------
The creditors of MAX-MM Limited are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.
The company commenced liquidation proceedings on August 4, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
MYSTIC RE: Creditors' Proofs of Debt Due on September 16
--------------------------------------------------------
The creditors of Mystic Re Ltd are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.
The company commenced wind-up proceedings on August 2, 2010.
The company's liquidators are:
Katherine Chiazza
Shaun Green
P.O. Box 1109, HSBC House
68 West Bay Road, Grand Cayman
Cayman Islands
Telephone: 914-7553/ 949-7755
Facsimile: 949-6021/ 949-6021
PARAMETRIC RE: Creditors' Proofs of Debt Due on September 16
------------------------------------------------------------
The creditors of Parametric Re, Ltd. are required to file their
proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on August 4, 2010.
The company's liquidators are:
Anya Payne
Katherine Chiazza
P.O. Box 1109, HSBC House
68 West Bay Road, Grand Cayman
Cayman Islands; or
Yohann Regnard
Telephone: 919-7595
Facsimile: 949-6021
P.O. Box 1109, HSBC House
68 West Bay Road, Grand Cayman
Cayman Islands
Telephone: 949-7755
Facsimile: 949-6021
PRIME FINANCE: Creditors' Proofs of Debt Due on September 16
------------------------------------------------------------
The creditors of Prime Finance are required to file their proofs
of debt by September 16, 2010, to be included in the company's
dividend distribution.
The company commenced liquidation proceedings on August 6, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
SOUTH COAST: Creditors' Proofs of Debt Due on September 16
----------------------------------------------------------
The creditors of South Coast Funding IX Ltd are required to file
their proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on August 5, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
SUMITOMO FINANCE: Creditors' Proofs of Debt Due on September 16
---------------------------------------------------------------
The creditors of Sumitomo Finance (Asia) Limited are required to
file their proofs of debt by September 16, 2010, to be included in
the company's dividend distribution.
The company commenced liquidation proceedings on July 29, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
VASCO RE: Creditors' Proofs of Debt Due on September 16
-------------------------------------------------------
The creditors of Vasco Re 2006 Ltd. are required to file their
proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.
The company commenced wind-up proceedings on August 4, 2010.
The company's liquidators are:
Anya Payne
Katherine Chiazza
P.O. Box 1109, HSBC House
68 West Bay Road, Grand Cayman
Cayman Islands; or
Yohann Regnard
Telephone: 919-7595
Facsimile: 949-6021
P.O. Box 1109, HSBC House
68 West Bay Road, Grand Cayman
Cayman Islands
Telephone: 949-7755
Facsimile: 949-6021
ZURICH PREMIER: Creditors' Proofs of Debt Due on September 16
-------------------------------------------------------------
The creditors of Zurich Premier Series Ltd. are required to file
their proofs of debt by September 16, 2010, to be included in the
company's dividend distribution.
The company commenced liquidation proceedings on July 23, 2010.
The company's liquidator is:
Jess Shakespeare
c/o Maples Finance Limited
PO Box 1093, Boundary Hall
Grand Cayman KY1-1102
Cayman Islands
=============
J A M A I C A
=============
DIGICEL GROUP: Invests JM$2 Billion in Internet Service
-------------------------------------------------------
Digicel Group aims to gain a bigger share of the Internet market
with the launch of its 4G wireless broadband Internet service,
RadioJamaica reports. The report relates that the company
invested JM$2 billion with the launch.
According to the report, the launch comes in the midst of a
recession in which most consumers are cutting back on spending,
but Digicel said it believes its new service will actually help
the economy.
About Digicel Group
Digicel Group -- http://www.digicelgroup.com-- is renowned for
competitive rates, unbeatable coverage, superior customer care, a
wide variety of products and services and state-of-the-art
handsets. By offering innovative wireless services and community
support, Digicel has become a leading brand across its 31 markets
worldwide.
Digicel is incorporated in Bermuda and now has operations in 31
markets worldwide. Its Caribbean and Central American markets
comprise Anguilla, Antigua & Barbuda, Aruba, Barbados, Bermuda,
Bonaire, the British Virgin Islands, the Cayman Islands, Curacao,
Dominica, El Salvador, French Guiana, Grenada, Guadeloupe, Guyana,
Haiti, Honduras, Jamaica, Martinique, Panama, St Kitts & Nevis,
St. Lucia, St. Vincent & the Grenadines, Suriname, Trinidad &
Tobago and Turks & Caicos. The Caribbean company also has coverage
in St. Martin and St. Barths. Digicel Pacific comprises Fiji,
Papua New Guinea, Samoa, Tonga and Vanuatu.
* * *
As of January 14, 2010, the company continues to carry Moody's
"Caa1" senior unsecured debt rating.
====================
P U E R T O R I C O
====================
CARIBBEAN PETROLEUM: Wants to Sell Substantially All of Assets
--------------------------------------------------------------
Caribbean Petroleum Corp. and its units ask for authorization from
the U.S. Bankruptcy Court for the District of Delaware to
implement a sale process for substantially all of their assets.
The Debtors ask for the Court's approval to enter into a stalking
horse agreement by November 10, 2010, with one or more bidders for
the purpose of establishing a minimum acceptable bid for the
assets. The Debtors propose to provide any Stalking Horse
Bidder(s) with a breakup fee of up to 2% of the guaranteed cash
purchase price proposed in the Stalking Horse Bid, and reimburse
any Stalking Horse Bidder(s) for all reasonable and actual costs
and expenses up to US$300,000 incurred by the Stalking Horse
Bidder(s) in connection with its bid.
The Debtors propose that the deadline for the submission of bids
be set for December 10, 2010; that the auction be held on
December 13, 2010; that the date of the hearing to consider
approval of the proposed sale of the assets be January 10, 20100;
and that a deadline to consummate the sale of the assets be
February 8, 2011.
Bids must provide for a good faith deposit to be submitted to the
Debtors by the Bid Deadline in an amount equal to at least 5% of
the proposed purchase price. Qualified bidders may submit bids
that are better and higher than the starting auction bid in an
initial increment amount equal to the amount of the Stalking Horse
protections plus US$250,000 and subsequent increments of at least
US$100,000.
A prepetition secured lender may submit a credit bid for some or
all of the assets.
If the successful bidder(s) fails to timely consummate the
purchase of the assets, or any part thereof, the next highest or
otherwise best qualified bid may be designated by the Debtors, in
consultation with the prepetition secured lender, as the
successful bid, and the Debtors will be authorized, but not
required, to consummate the sale of the assets to the qualified
bidder that submitted the back-up bid.
A copy of the proposed Bidding Procedures is available for free at
http://bankrupt.com/misc/CARIBBEAN_PETROLEUM_biddingprocedures.pdf
About Caribbean Petroleum
San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.
Cribbean Petroleum filed for Chapter 11 protection (Bankr. D. Del.
Case No. 10-12553) on August 12, 2010, nearly 10 months after a
massive explosion at its major Puerto Rican fuel storage depot
virtually shut down the company's operations. The Debtor
estimated its assets at US$100 million to US$500 million and its
debts at US$500 million to US$1 billion as of the Petition Date.
Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.
Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., serves
as counsel to the Debtors. The Debtors' co-counsel is Cadwalader,
Wickersham & Taft LLP. The Debtors' financial advisor is FTI
Consulting Inc. The Debtors' chief restructuring officer is Kevin
Lavin of FTI Consulting Inc.
CARIBBEAN PETROLEUM: Section 341(a) Meeting Scheduled for Sept. 16
------------------------------------------------------------------
The U.S. Trustee for Region 3 will convene a meeting of Caribbean
Petroleum Corp., et al.'s creditors on September 16, 2010, at
10:00 a.m. The meeting will be held at J. Caleb Boggs Federal
Building, 2nd Floor, Room 2112, Wilmington, Delaware 19801.
This is the first meeting of creditors required under Section
341(a) of the U.S. Bankruptcy Code in all bankruptcy cases.
All creditors are invited, but not required, to attend. This
Meeting of Creditors offers the one opportunity in a bankruptcy
proceeding for creditors to question a responsible office of the
Debtor under oath about the company's financial affairs and
operations that would be of interest to the general body of
creditors.
About Caribbean Petroleum
San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.
Cribbean Petroleum filed for Chapter 11 protection (Bankr. D. Del.
Case No. 10-12553) on August 12, 2010, nearly 10 months after a
massive explosion at its major Puerto Rican fuel storage depot
virtually shut down the company's operations. The Debtor
estimated its assets at US$100 million to US$500 million and its
debts at US$500 million to US$1 billion as of the Petition Date.
Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.
Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., serves
as counsel to the Debtors. The Debtors' co-counsel is Cadwalader,
Wickersham & Taft LLP. The Debtors' financial advisor is FTI
Consulting Inc. The Debtors' chief restructuring officer is Kevin
Lavin of FTI Consulting Inc.
CARIBBEAN PETROLEUM: Wants Filing of Schedules Extended to 60 Days
------------------------------------------------------------------
Caribbean Petroleum Corp. and its units ask the U.S. Bankruptcy
Court for the District of Delaware to extend the deadline to file
the schedules of assets and liabilities to 60 days after the
Petition Date.
The Debtors say that given the amount of work entailed in
completing the schedules, and the competing demands upon the
Debtors' limited staff to address numerous critical operational
matters during the initial postpetition period, they won't be able
to properly and accurately complete the schedules within the
required 30-day period.
About Caribbean Petroleum
San Juan, Puerto Rico-based Caribbean Petroleum Corporation, aka
CAPECO, owns and operates certain facilities in Bayomon, Puerto
Rico for the import, offloading, storage and distribution of
petroleum products.
Cribbean Petroleum filed for Chapter 11 protection (Bankr. D. Del.
Case No. 10-12553) on August 12, 2010, nearly 10 months after a
massive explosion at its major Puerto Rican fuel storage depot
virtually shut down the company's operations. The Debtor
estimated its assets at US$100 million to US$500 million and its
debts at US$500 million to US$1 billion as of the Petition Date.
Affiliates Caribbean Petroleum Refining, L.P., and Gulf Petroleum
Refining (Puerto Rico) Corporation filed separate Chapter 11
petitions on August 12, 2010.
Jason M. Madron, Esq., at Richards, Layton & Finger, P.A., serves
as counsel to the Debtors. The Debtors' co-counsel is Cadwalader,
Wickersham & Taft LLP. The Debtors' financial advisor is FTI
Consulting Inc. The Debtors' chief restructuring officer is Kevin
Lavin of FTI Consulting Inc.
=================
V E N E Z U E L A
=================
HELM BANK: Venezuela Shuts Down Bank for Connections to Banco Real
------------------------------------------------------------------
The Venezuela government took control of Helm Bank de Venezuela SA
and suspended its operations, Charlie Devereux at Bloomberg News
reports, citing a resolution published in the Official Gazette.
According to the report, the Superintendent of Banks & Other
Financial Institutions (Sudeban), cited the "deterioration" of
Helm's finances and its links to Banco Real Banco de Desarrollo,
another bank shut down by the government last year. The report
relates Sudeban said that Helm Bank's sole investor was Banco Real
Banco de Desarrollo.
About Helm Bank
Helm Bank SA is a full service commercial bank. The Bank offers a
wide range of personal and commercial banking services.
===============
X X X X X X X X
===============
* Large Companies With Insolvent Balance Sheets
-----------------------------------------------
Total
Total Shareholders
Assets Equity
Company Ticker (US$MM) (US$MM)
------- ------ ------------ -------
ARGENTINA
IMPSAT FIBER-$US IMPTD AR 535007008 -17165000
IMPSAT FIBER-CED IMPT AR 535007008 -17165000
IMPSAT FIBER NET IMPTQ US 535007008 -17165000
IMPSAT FIBER NET 330902Q GR 535007008 -17165000
IMPSAT FIBER-BLK IMPTB AR 535007008 -17165000
IMPSAT FIBER-C/E IMPTC AR 535007008 -17165000
IMPSAT FIBER NET XIMPT SM 535007008 -17165000
AUTOPISTAS SOL APDSF US 358937631 -3636037.41
AUTOPISTAS SOL AUSO AR 358937631 -3636037.41
SOC COMERCIAL PL CVVIF US 135360486 -251112324
SOC COMERCIAL PL COME AR 135360486 -251112324
COMERCIAL PLA-BL COMEB AR 135360486 -251112324
COMERCIAL PL-C/E COMEC AR 135360486 -251112324
SOC COMERCIAL PL SCDPF US 135360486 -251112324
COMERCIAL PLAT-$ COMED AR 135360486 -251112324
SOC COMERCIAL PL CADN SW 135360486 -251112324
SOC COMERCIAL PL CAD IX 135360486 -251112324
SOC COMERCIAL PL CADN EO 135360486 -251112324
COMERCIAL PL-ADR SCPDS LI 135360486 -251112324
SNIAFA SA SNIA AR 11229696 -2670544.88
SNIAFA SA-B SNIA5 AR 11229696 -2670544.88
SNIAFA SA-B SDAGF US 11229696 -2670544.88
BRAZIL
FER C ATLANT VSPT3 BZ 1.185E+09 -50468104.7
FER C ATLANT-PRF VSPT4 BZ 1.185E+09 -50468104.7
FER C ATL-RCT CM VSPT9 BZ 1.185E+09 -50468104.7
FERROVIA CEN-DVD VSPT11 BZ 1.185E+09 -50468104.7
FERROVIA CEN-DVD VSPT12 BZ 1.185E+09 -50468104.7
FER C ATL-RCT PF VSPT10 BZ 1.185E+09 -50468104.7
VARIG SA VAGV3 BZ 966298026 -4695211316
VARIG SA VARGON BZ 966298026 -4695211316
VARIG SA-PREF VAGV4 BZ 966298026 -4695211316
VARIG SA-PREF VARGPN BZ 966298026 -4695211316
LAEP INVESTMENTS LEAP LX 446499199 -70952298.9
LAEP-BDR MILK11 BZ 446499199 -70952298.9
PARMALAT BR-RT P LCSA6 BZ 388720052 -213641144
PARMALAT LCSA3 BZ 388720052 -213641144
PARMALAT-PREF LCSA4 BZ 388720052 -213641144
PARMALAT BRAS-PF LCSAPN BZ 388720052 -213641144
PARMALAT BR-RT C LCSA5 BZ 388720052 -213641144
PARMALAT BRASIL LCSAON BZ 388720052 -213641144
CIA PETROLIFERA MRLM3B BZ 377602195 -3014291.72
CIA PETROLIF-PRF MRLM4 BZ 377602195 -3014291.72
CIA PETROLIF-PRF 1CPMPN BZ 377602195 -3014291.72
CIA PETROLIFERA 1CPMON BZ 377602195 -3014291.72
CIA PETROLIF-PRF MRLM4B BZ 377602195 -3014291.72
CIA PETROLIFERA MRLM3 BZ 377602195 -3014291.72
DOCAS SA-PREF DOCAPN BZ 319046939 -119089653
DOCAS SA-RTS PRF DOCA2 BZ 319046939 -119089653
DOCAS SA DOCAON BZ 319046939 -119089653
DOCA INVESTI-PFD DOCA4 BZ 319046939 -119089653
DOCA INVESTIMENT DOCA3 BZ 319046939 -119089653
BOMBRIL-RIGHTS BOBR1 BZ 292257859 -115839632
BOMBRIL BMBBF US 292257859 -115839632
BOMBRIL SA-ADR BMBPY US 292257859 -115839632
BOMBRIL CIRIO SA BOBRON BZ 292257859 -115839632
BOMBRIL-RGTS PRE BOBR2 BZ 292257859 -115839632
BOMBRIL CIRIO-PF BOBRPN BZ 292257859 -115839632
BOMBRIL SA-ADR BMBBY US 292257859 -115839632
BOMBRIL-PREF BOBR4 BZ 292257859 -115839632
BOMBRIL BOBR3 BZ 292257859 -115839632
TELEBRAS-ADR TBASY US 244857050 -14105541.5
TELEBRAS-RTS CMN RCTB1 BZ 244857050 -14105541.5
TELEBRAS-ADR TBH US 244857050 -14105541.5
TELEBRAS-ADR TBX GR 244857050 -14105541.5
TELEBRAS-CEDE PF RCTB4 AR 244857050 -14105541.5
TELEBRAS-CEDEA $ TEL4D AR 244857050 -14105541.5
TELEBRAS-ADR TBAPY US 244857050 -14105541.5
TELEBRAS-RTS CMN TCLP1 BZ 244857050 -14105541.5
TELEBRAS-RECEIPT TLBRUO BZ 244857050 -14105541.5
TELEBRAS-ADR RTB US 244857050 -14105541.5
TELEBRAS-RTS PRF RCTB2 BZ 244857050 -14105541.5
TELEBRAS SA TLBRON BZ 244857050 -14105541.5
TELEBRAS-CM RCPT RCTB30 BZ 244857050 -14105541.5
TELEBRAS-PF RCPT RCTB41 BZ 244857050 -14105541.5
TELEBRAS-PF BLCK TELB40 BZ 244857050 -14105541.5
TELEBRAS-PF RCPT CBRZF US 244857050 -14105541.5
TELEBRAS SA-PREF TELB4 BZ 244857050 -14105541.5
TELEBRAS-CEDEA $ RCT4D AR 244857050 -14105541.5
TELEBRAS-CM RCPT TELE31 BZ 244857050 -14105541.5
TELEBRAS-PF RCPT TBAPF US 244857050 -14105541.5
TELEBRAS SA TELB3 BZ 244857050 -14105541.5
TELEBRAS SA-PREF TLBRPN BZ 244857050 -14105541.5
TELEBRAS-PF RCPT TLBRUP BZ 244857050 -14105541.5
TELEBRAS-CM RCPT TBRTF US 244857050 -14105541.5
TELEBRAS-CM RCPT RCTB31 BZ 244857050 -14105541.5
TELEBRAS-RCT PRF TELB10 BZ 244857050 -14105541.5
TELEBRAS-CED C/E TEL4C AR 244857050 -14105541.5
TELEBRAS-PF RCPT RCTB40 BZ 244857050 -14105541.5
TELEBRAS-CEDE PF TELB4 AR 244857050 -14105541.5
TELEBRAS-CEDE BL RCT4B AR 244857050 -14105541.5
TELEBRAS-CED C/E RCT4C AR 244857050 -14105541.5
TELEBRAS/W-I-ADR TBH-W US 244857050 -14105541.5
TELECOMUNICA-ADR 81370Z BZ 244857050 -14105541.5
TELEBRAS-BLOCK TELB30 BZ 244857050 -14105541.5
TELEBRAS-RCT RCTB33 BZ 244857050 -14105541.5
TELEBRAS-ADR TBRAY GR 244857050 -14105541.5
TELEBRAS-PF RCPT RCTB42 BZ 244857050 -14105541.5
TELEBRAS SA-RT TELB9 BZ 244857050 -14105541.5
TELEBRAS-PF RCPT TELE41 BZ 244857050 -14105541.5
TELEBRAS-RTS PRF TLCP2 BZ 244857050 -14105541.5
TELEBRAS-COM RT TELB1 BZ 244857050 -14105541.5
TELEBRAS-CM RCPT RCTB32 BZ 244857050 -14105541.5
TELEBRAS SA TBASF US 244857050 -14105541.5
HOTEIS OTHON-PRF HOTHPN BZ 238707299 -35774972.9
HOTEIS OTHON SA HOOT3 BZ 238707299 -35774972.9
HOTEIS OTHON-PRF HOOT4 BZ 238707299 -35774972.9
HOTEIS OTHON SA HOTHON BZ 238707299 -35774972.9
TEKA TEKA3 BZ 237346006 -337859942
TEKA-PREF TEKA4 BZ 237346006 -337859942
TEKA-PREF TKTPF US 237346006 -337859942
TEKA-ADR TKTPY US 237346006 -337859942
TEKA-ADR TEKAY US 237346006 -337859942
TEKA TKTQF US 237346006 -337859942
TEKA TEKAON BZ 237346006 -337859942
TEKA-ADR TKTQY US 237346006 -337859942
TEKA-PREF TEKAPN BZ 237346006 -337859942
BALADARE BLDR3 BZ 159454016 -52992212.8
SANSUY SA-PREF A SNSYAN BZ 147187163 -86606310.8
SANSUY SNSY3 BZ 147187163 -86606310.8
SANSUY SA-PREF B SNSYBN BZ 147187163 -86606310.8
SANSUY-PREF B SNSY6 BZ 147187163 -86606310.8
SANSUY SA SNSYON BZ 147187163 -86606310.8
SANSUY-PREF A SNSY5 BZ 147187163 -86606310.8
GRADIENTE EL-PRB IGBBN BZ 145256033 -273857292
GRADIENTE EL-PRA IGBAN BZ 145256033 -273857292
GRADIENTE-PREF B IGBR6 BZ 145256033 -273857292
GRADIENTE-PREF A IGBR5 BZ 145256033 -273857292
GRADIENTE EL-PRC IGBCN BZ 145256033 -273857292
GRADIENTE-PREF C IGBR7 BZ 145256033 -273857292
GRADIENTE ELETR IGBON BZ 145256033 -273857292
IGB ELETRONICA IGBR3 BZ 145256033 -273857292
D H B DHBI3 BZ 133817651 -443044246
D H B-PREF DHBI4 BZ 133817651 -443044246
DHB IND E COM DHBON BZ 133817651 -443044246
DHB IND E COM-PR DHBPN BZ 133817651 -443044246
PET MANG-RT RPMG1 BZ 111979912 -134952358
PET MANG-RECEIPT RPMG10 BZ 111979912 -134952358
PET MANG-RIGHTS 3678565Q BZ 111979912 -134952358
PETRO MANGUINHOS MANGON BZ 111979912 -134952358
PET MANG-RIGHTS 3678569Q BZ 111979912 -134952358
PET MANG-RT RPMG2 BZ 111979912 -134952358
PETRO MANGUIN-PF MANGPN BZ 111979912 -134952358
PET MANGUINH-PRF RPMG4 BZ 111979912 -134952358
PETRO MANGUINHOS RPMG3 BZ 111979912 -134952358
PET MANG-RECEIPT RPMG9 BZ 111979912 -134952358
VARIG PART EM-PR VPSC4 BZ 96617351 -460274609
VARIG PART EM SE VPSC3 BZ 96617351 -460274609
RIMET REEMON BZ 94618909 -152507221
RIMET-PREF REEMPN BZ 94618909 -152507221
RIMET REEM3 BZ 94618909 -152507221
RIMET-PREF REEM4 BZ 94618909 -152507221
DOC IMBITUB-PREF IMBI4 BZ 94039192 -39398915.1
DOC IMBITUBA-RTP IMBI2 BZ 94039192 -39398915.1
DOCAS IMBITUB-PR IMBIPN BZ 94039192 -39398915.1
DOCAS IMBITUBA IMBION BZ 94039192 -39398915.1
DOC IMBITUBA-RTC IMBI1 BZ 94039192 -39398915.1
DOC IMBITUBA IMBI3 BZ 94039192 -39398915.1
WETZEL SA-PREF MWELPN BZ 84310496 -7570637.42
WETZEL SA MWET3 BZ 84310496 -7570637.42
WETZEL SA MWELON BZ 84310496 -7570637.42
WETZEL SA-PREF MWET4 BZ 84310496 -7570637.42
ACO ALTONA EALT3 BZ 80346370 -11622480.4
ACO ALTONA SA EAAON BZ 80346370 -11622480.4
ACO ALTONA-PREF EAAPN BZ 80346370 -11622480.4
ACO ALTONA-PREF EALT4 BZ 80346370 -11622480.4
ESTRELA SA ESTR3 BZ 76255458 -69760619.7
ESTRELA SA-PREF ESTRPN BZ 76255458 -69760619.7
ESTRELA SA ESTRON BZ 76255458 -69760619.7
ESTRELA SA-PREF ESTR4 BZ 76255458 -69760619.7
RIOSULENSE SA-PR RSUL4 BZ 68368524 -9647727.04
RIOSULENSE SA-PR RSULPN BZ 68368524 -9647727.04
RIOSULENSE SA RSUL3 BZ 68368524 -9647727.04
RIOSULENSE SA RSULON BZ 68368524 -9647727.04
TEXTEIS RENA-RCT TXRX10 BZ 63634626 -91597740.4
TEXTEIS RENAUX RENXPN BZ 63634626 -91597740.4
TEXTEIS RENA-RCT TXRX9 BZ 63634626 -91597740.4
TEXTEIS RENAUX RENXON BZ 63634626 -91597740.4
TEXTEIS RENAU-RT TXRX2 BZ 63634626 -91597740.4
TEXTEIS RENAU-RT TXRX1 BZ 63634626 -91597740.4
RENAUXVIEW SA-PF TXRX4 BZ 63634626 -91597740.4
RENAUXVIEW SA TXRX3 BZ 63634626 -91597740.4
MINUPAR-PREF MNPR4 BZ 63223032 -58260845.7
MINUPAR SA MNPRON BZ 63223032 -58260845.7
MINUPAR MNPR3 BZ 63223032 -58260845.7
MINUPAR SA-PREF MNPRPN BZ 63223032 -58260845.7
FABRICA RENAUX-P FRNXPN BZ 63036915 -59781833
FABRICA RENAUX FRNXON BZ 63036915 -59781833
FABRICA RENAUX-P FTRX4 BZ 63036915 -59781833
FABRICA TECID-RT FTRX1 BZ 63036915 -59781833
FABRICA RENAUX FTRX3 BZ 63036915 -59781833
VARIG PART EM TR VPTA3 BZ 49432124 -399290426
VARIG PART EM-PR VPTA4 BZ 49432124 -399290426
WIEST SA-PREF WISAPN BZ 39838114 -93371563.1
WIEST WISA3 BZ 39838114 -93371563.1
WIEST-PREF WISA4 BZ 39838114 -93371563.1
WIEST SA WISAON BZ 39838114 -93371563.1
CIMOB PARTIC SA GAFON BZ 36817395 -33083086.5
CIMOB PART-PREF GAFP4 BZ 36817395 -33083086.5
CIMOB PART-PREF GAFPN BZ 36817395 -33083086.5
CIMOB PARTIC SA GAFP3 BZ 36817395 -33083086.5
BOTUCATU-PREF STRP4 BZ 35101567 -13482713.5
BOTUCATU TEXTIL STRP3 BZ 35101567 -13482713.5
STAROUP SA STARON BZ 35101567 -13482713.5
STAROUP SA-PREF STARPN BZ 35101567 -13482713.5
SANESALTO SNST3 BZ 31044051 -1843297.83
STEEL DO BRASIL STLB3 BZ 24189041 -2271641.06
CHIARELLI SA CCHI3 BZ 22274027 -44537138.2
CHIARELLI SA-PRF CCHPN BZ 22274027 -44537138.2
CHIARELLI SA-PRF CCHI4 BZ 22274027 -44537138.2
CHIARELLI SA CCHON BZ 22274027 -44537138.2
NOVA AMERICA-PRF NOVAPN BZ 21287489 -183535527
NOVA AMERICA-PRF 1NOVPN BZ 21287489 -183535527
NOVA AMERICA SA NOVAON BZ 21287489 -183535527
NOVA AMERICA SA NOVA3B BZ 21287489 -183535527
NOVA AMERICA SA NOVA3 BZ 21287489 -183535527
NOVA AMERICA SA 1NOVON BZ 21287489 -183535527
NOVA AMERICA-PRF NOVA4 BZ 21287489 -183535527
NOVA AMERICA-PRF NOVA4B BZ 21287489 -183535527
CAF BRASILIA CAFE3 BZ 18540302 -790303366
CAF BRASILIA-PRF CAFE4 BZ 18540302 -790303366
CAFE BRASILIA SA CSBRON BZ 18540302 -790303366
CAFE BRASILIA-PR CSBRPN BZ 18540302 -790303366
TECEL S JOSE-PRF SJOS4 BZ 17924946 -18569451.2
TECEL S JOSE-PRF FTSJPN BZ 17924946 -18569451.2
TECEL S JOSE SJOS3 BZ 17924946 -18569451.2
TECEL S JOSE FTSJON BZ 17924946 -18569451.2
FERRAGENS HAGA-P HAGAPN BZ 17657785 -62285757.3
FERRAGENS HAGA HAGAON BZ 17657785 -62285757.3
HAGA HAGA3 BZ 17657785 -62285757.3
FER HAGA-PREF HAGA4 BZ 17657785 -62285757.3
NORDON MET NORD3 BZ 15427479 -20563974.4
NORDON MET-RTS NORD1 BZ 15427479 -20563974.4
NORDON METAL NORDON BZ 15427479 -20563974.4
SCHLOSSER-PREF SCLO4 BZ 13140656 -56631899.1
SCHLOSSER SCLO3 BZ 13140656 -56631899.1
SCHLOSSER SA SCHON BZ 13140656 -56631899.1
SCHLOSSER SA-PRF SCHPN BZ 13140656 -56631899.1
PROMAN PRMN3 BZ 13088926 -87154.5455
PROMAN PRMN3B BZ 13088926 -87154.5455
GAZOLA SA-DVD CM GAZO11 BZ 12452143 -40298506.3
GAZOLA-PREF GAZO4 BZ 12452143 -40298506.3
GAZOLA SA GAZON BZ 12452143 -40298506.3
GAZOLA SA-DVD PF GAZO12 BZ 12452143 -40298506.3
GAZOLA-RCPTS CMN GAZO9 BZ 12452143 -40298506.3
GAZOLA SA-PREF GAZPN BZ 12452143 -40298506.3
GAZOLA-RCPT PREF GAZO10 BZ 12452143 -40298506.3
GAZOLA GAZO3 BZ 12452143 -40298506.3
ARTHUR LAN-DVD C ARLA11 BZ 11642256 -17154461.9
ARTHUR LANGE SA ALICON BZ 11642256 -17154461.9
ARTHUR LAN-DVD P ARLA12 BZ 11642256 -17154461.9
ARTHUR LANGE-PRF ARLA4 BZ 11642256 -17154461.9
ARTHUR LANG-RT P ARLA2 BZ 11642256 -17154461.9
ARTHUR LANG-RC P ARLA10 BZ 11642256 -17154461.9
ARTHUR LANG-RT C ARLA1 BZ 11642256 -17154461.9
ARTHUR LANG-RC C ARLA9 BZ 11642256 -17154461.9
ARTHUR LANGE-PRF ALICPN BZ 11642256 -17154461.9
ARTHUR LANGE ARLA3 BZ 11642256 -17154461.9
HERCULES HETA3 BZ 10710103 -164239944
HERCULES-PREF HETA4 BZ 10710103 -164239944
HERCULES SA-PREF HERTPN BZ 10710103 -164239944
HERCULES SA HERTON BZ 10710103 -164239944
CHILE
CHILESAT CORP SA TELEX CI 649980376 -82003656.5
CHILESAT CO-ADR TL US 649980376 -82003656.5
CHILESAT CO-RTS CHISATOS CI 649980376 -82003656.5
TELMEX CORP SA CHILESAT CI 649980376 -82003656.5
TELMEX CORP-ADR CSAOY US 649980376 -82003656.5
TELEX-A TELEXA CI 649980376 -82003656.5
TELEX-RTS TELEXO CI 649980376 -82003656.5
INVERMAR-RT INVEROSA CI 200945008 -2078000.13
INVERMAR INVERMAR CI 200945008 -2078000.13
***********
Monday's edition of the TCR-LA delivers a list of indicative
prices for bond issues that reportedly trade well below par.
Prices are obtained by TCR-LA editors from a variety of outside
sources during the prior week we think are reliable. Those
sources may not, however, be complete or accurate. The Monday
Bond Pricing table is compiled on the Friday prior to
publication. Prices reported are not intended to reflect actual
trades. Prices for actual trades are probably different. Our
objective is to share information, not make markets in publicly
traded securities. Nothing in the TCR-LA constitutes an offer
or solicitation to buy or sell any security of any kind. It is
likely that some entity affiliated with a TCR-LA editor holds
some position in the issuers' public debt and equity securities
about which we report.
Tuesday's edition of the TCR-LA features a list of companies
with insolvent balance sheets obtained by our editors based on
the latest balance sheets publicly available a day prior to
publication. At first glance, this list may look like the
definitive compilation of stocks that are ideal to sell short.
Don't be fooled. Assets, for example, reported at historical
cost net of depreciation may understate the true value of a
firm's assets. A company may establish reserves on its balance
sheet for liabilities that may never materialize. The prices at
which equity securities trade in public market are determined by
more than a balance sheet solvency test.
A list of Meetings, Conferences and Seminars appears in each
Thursday's edition of the TCR-LA. Submissions about insolvency-
related conferences are encouraged. Send announcements to
conferences@bankrupt.com
***********
S U B S C R I P T I O N I N F O R M A T I O N
Troubled Company Reporter - Latin America is a daily newsletter
co-published by Bankruptcy Creditors' Service, Inc., Fairless
Hills, Pennsylvania, USA, and Beard Group, Inc., Frederick,
Maryland USA, Marites O. Claro, Joy A. Agravente, Rousel Elaine C.
Tumanda, Valerie C. Udtuhan, Frauline S. Abangan, and Peter A.
Chapman, Editors.
Copyright 2010. All rights reserved. ISSN 1529-2746.
This material is copyrighted and any commercial use, resale or
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