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


            Tuesday, October 18, 2011, Vol. 12, No. 206

                            Headlines



A R G E N T I N A

YPF SOCIEDAD: Moody's Withdraws 'Ba2' Rating on US$300-Mil. Notes


B E R M U D A

RCG GLOBAL, FUND: Creditors' Proofs of Debt Due Oct. 27
RCG GLOBAL, FUND: Member to Receive Wind-Up Report on Nov. 7
RCG GLOBAL, LONG-SHORT: Creditors' Proofs of Debt Due Oct. 27
RCG GLOBAL, MASTER GP: Member to Receive Wind-Up Report on Nov. 7
RIDLEY LTD: Creditors' Proofs of Debt Due Nov. 9

RIDLEY LTD: Member to Receive Wind-Up Report on Nov. 16
SHACKLETON LTD: Creditors' Proofs of Debt Due Nov. 9
SHACKLETON LTD: Member to Receive Wind-Up Report on Nov. 16
UNIVERSAL MARINE: Appoints Calow as Liquidator


C A Y M A N   I S L A N D S

BERNARD L. MADOFF: Maxam Suit in Caymans Found to Violate Stay
ESOX CREDIT: Creditors' Proofs of Debt Due Oct. 26
FG CARIBBEAN: Creditors' Proofs of Debt Due Oct. 26
FG CARIBBEAN/GLOBAL: Creditors' Proofs of Debt Due Oct. 26
FG GROWTH: Creditors' Proofs of Debt Due Oct. 26

FINANSA CAPITAL: Creditors' Proofs of Debt Due Oct. 26
MHCB CAPITAL: Creditors' Proofs of Debt Due Oct. 26
MIZUHO CAPITAL: Creditors' Proofs of Debt Due Oct. 26
MORGAN STANLEY: Creditors' Proofs of Debt Due Oct. 26
NORTHSTAR REAL: Creditors' Proofs of Debt Due Oct. 26

OASIS CBO: Creditors' Proofs of Debt Due Oct. 26
OCEANWOOD EMERGING: Creditors' Proofs of Debt Due Oct. 26
OCEANWOOD EMERGING, MASTER: Creditors' Proofs of Debt Due Oct. 26
PROVIDENCEMOBILESERV 2: Creditors' Proofs of Debt Due Oct. 26
SAXLINGHAM GENERAL: Creditors' Proofs of Debt Due Oct. 26

WESSEX ASIAN: Creditors' Proofs of Debt Due Oct. 26


D O M I N I C A N   R E P U B L I C

* DOMINICAN REPUBLIC: Awaits US$380 Million in Loans From IMF


J A M A I C A

INTERTRADE FINANCE: FSC Says Firm is Insolvent Based on Records


X X X X X X X X

* Large Companies With Insolvent Balance Sheets


                            - - - - -


=================
A R G E N T I N A
=================


YPF SOCIEDAD: Moody's Withdraws 'Ba2' Rating on US$300-Mil. Notes
-----------------------------------------------------------------
Moody's Investors Service commented that YPF Sociedad Anonima's
Ba1 global local currency rating and Aaa.ar National Scale Rating
on its bank line with Banco de la Nacion remain unchanged.  "We
note the bank line has been increased to up to US$200 million or
ARS equivalent from US$150 million or ARS equivalent. T he credit
line with BNA is uncommitted and ranks pari passu with YPF's other
senior unsecured debt.  The outlook for the ratings is stable,"
Moody's said.

At the same time, Moody's withdrew the Ba2 foreign currency bond
rating and Aaa.ar National Scale rating assigned to YPF's proposed
issuance of US$300 million of medium-term notes.  This action
follows YPF's postponement of the proposed transaction.

YPF Sociedad Anonima is the largest energy company in Argentina.
It is headquartered in Buenos Aires.


=============
B E R M U D A
=============


RCG GLOBAL, FUND: Creditors' Proofs of Debt Due Oct. 27
-------------------------------------------------------
The creditors of RCG Global Equity Long-Short Fund Ltd. are
required to file their proofs of debt by Oct. 27, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Oct. 4, 2011.

The company's liquidator is:

         Roderick M. Forrest
         Victoria Place, 31 Victoria Street
         Hamilton
         Bermuda


RCG GLOBAL, FUND: Member to Receive Wind-Up Report on Nov. 7
------------------------------------------------------------
The member of RCG Global Equity Long-Short Fund Ltd. will receive
on Nov. 7, 2011, at 10:00 a.m., the liquidator's report on the
company's wind-up proceedings and property disposal.

The company's liquidator is:

         Roderick M. Forrest
         Victoria Place, 31 Victoria Street
         Hamilton
         Bermuda


RCG GLOBAL, LONG-SHORT: Creditors' Proofs of Debt Due Oct. 27
-------------------------------------------------------------
The creditors of RCG Global Equity Long-Short (Master GP) Ltd. are
required to file their proofs of debt by Oct. 27, 2011, to be
included in the company's dividend distribution.

The company commenced wind-up proceedings on Oct. 7, 2011.

The company's liquidator is:

         Roderick M. Forrest
         Victoria Place, 31 Victoria Street
         Hamilton
         Bermuda


RCG GLOBAL, MASTER GP: Member to Receive Wind-Up Report on Nov. 7
-----------------------------------------------------------------
The member of RCG Global Equity Long-Short (Master GP) Ltd. will
receive on Nov. 7, 2011, at 10:30 a.m., the liquidator's report on
the company's wind-up proceedings and property disposal.

The company's liquidator is:

         Roderick M. Forrest
         Victoria Place, 31 Victoria Street
         Hamilton
         Bermuda


RIDLEY LTD: Creditors' Proofs of Debt Due Nov. 9
------------------------------------------------
The creditors of Ridley Ltd. are required to file their proofs of
debt by Nov. 9, 2011, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Oct. 5, 2011.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


RIDLEY LTD: Member to Receive Wind-Up Report on Nov. 16
-------------------------------------------------------
The member of Ridley Ltd. will receive on Nov. 16, 2011, at
11:20 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


SHACKLETON LTD: Creditors' Proofs of Debt Due Nov. 9
----------------------------------------------------
The creditors of Shackleton Ltd. are required to file their proofs
of debt by Nov. 9, 2011, to be included in the company's dividend
distribution.

The company commenced wind-up proceedings on Oct. 5, 2011.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


SHACKLETON LTD: Member to Receive Wind-Up Report on Nov. 16
-----------------------------------------------------------
The member of Shackleton Ltd. will receive on Nov. 16, 2011, at
11:30 a.m., the liquidator's report on the company's wind-up
proceedings and property disposal.

The company's liquidator is:

         Karin Waters
         c/o Suite 1090, 48 Par-la-Ville Road
         Hamilton HM 11
         Bermuda


UNIVERSAL MARINE: Appoints Calow as Liquidator
----------------------------------------------
On September 29, 2011, the Supreme Court of Bermuda appointed
Garth Calow of PricewaterhouseCoopers Bermuda as the liquidator of
Universal Marine Insurance Company Limited.


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


BERNARD L. MADOFF: Maxam Suit in Caymans Found to Violate Stay
--------------------------------------------------------------
Bill Rochelle, the bankruptcy columnist for Bloomberg News,
reports that Maxam Absolute Return Fund Ltd. was found in
violation of the automatic bankruptcy stay for commencing a
lawsuit in the Cayman Islands to declare that the fund has no
obligation to return US$25 million to the trustee for Bernard L.
Madoff Investment Securities LLC.

Bloomberg relates that U.S. Bankruptcy Judge Burton R. Lifland
ruled in a 21-page opinion on Oct. 12 that the Cayman Islands
lawsuit was a "blatant attempt to hijack the key issues to another
court for determination."

According to Mr. Rochelle, the dispute traces its roots to
December, when the Madoff trustee sued the Maxam fund as the
subsequent recipient of US$25 million taken out of the Madoff firm
within 90 days of bankruptcy.  In July, on almost the same day it
answered the complaint in bankruptcy court, Maxam filed suit in
the Cayman Islands seeking a declaration that there is no
liability to return the US$25 million, Judge Lifland said in his
opinion.

Judge Lifland, Mr. Rochelle discloses, ruled that the suit in the
Cayman Islands was "void ab initio," meaning it was a nullity from
the very beginning and nothing that happened in the case gave the
Maxam fund any rights that could be enforced in the U.S.  The
bankruptcy judge directed Maxam to withdraw and dismiss the suit
in the Cayman Islands by Oct. 14.  If Maxam obeys and stops the
Cayman Islands suit, Judge Lifland said he won't assess sanctions
or damages against Maxam for violating the automatic stay.

The automatic stay is part of U.S. Bankruptcy Law that halts all
court or other proceedings against a bankrupt party or its
property outside of bankruptcy court.

                      About Bernard L. Madoff

Bernard L. Madoff Investment Securities LLC and Bernard L. Madoff
orchestrated the largest Ponzi scheme in history, with losses
topping US$50 billion.  On Dec. 15, 2008, the Honorable Louis A.
Stanton of the U.S. District Court for the Southern District of
New York granted the application of the Securities Investor
Protection Corporation for a decree adjudicating that the
customers of BLMIS are in need of the protection afforded by the
Securities Investor Protection Act of 1970.  The District Court's
Protective Order (i) appointed Irving H. Picard, Esq., as trustee
for the liquidation of BLMIS, (ii) appointed Baker & Hostetler LLP
as his counsel, and (iii) removed the SIPA Liquidation proceeding
to the Bankruptcy Court (Bankr. S.D.N.Y. Adv. Pro. No. 08-01789)
(Lifland, J.).  Mr. Picard has retained AlixPartners LLP as claims
agent.

On April 13, 2009, former BLMIS clients filed an involuntary
Chapter 7 bankruptcy petition against Bernard Madoff (Bankr.
S.D.N.Y. 09-11893).  The case is before Hon. Burton Lifland.  The
petitioning creditors -- Blumenthal & Associates Florida General
Partnership, Martin Rappaport Charitable Remainder Unitrust,
Martin Rappaport, Marc Cherno, and Steven Morganstern -- assert
US$64 million in claims against Mr. Madoff based on the balances
contained in the last statements they got from BLMIS.

On April 14, 2009, Grant Thornton UK LLP as receiver placed Madoff
Securities International Limited in London under bankruptcy
protection pursuant to Chapter 15 of the U.S. Bankruptcy Code
(Bankr. S.D. Fla. 09-16751).

The Chapter 15 case was later transferred to Manhattan.  In June
2009, Judge Lifland approved the consolidation of the Madoff SIPA
proceedings and the bankruptcy case.

Judge Denny Chin of the U.S. District Court for the Southern
District of New York on June 29, 2009, sentenced Mr. Madoff to
150 years of life imprisonment for defrauding investors in United
States v. Madoff, No. 09-CR-213 (S.D.N.Y.)

As of July 15, 2011, a total of US$6.88 billion in claims by
investors has been allowed, with US$794.9 million to be paid by
the Securities Investor Protection Corp.  Investors are expected
to receive additional distributions from money recovered by Mr.
Picard from lawsuits or settlements.


ESOX CREDIT: Creditors' Proofs of Debt Due Oct. 26
--------------------------------------------------
The creditors of Esox Credit Protection Limited are required to
file their proofs of debt by Oct. 26, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Sept. 12, 2011.

The company's liquidator is:

         Mervin Solas
         c/o Maples Liquidation Services (Cayman) Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


FG CARIBBEAN: Creditors' Proofs of Debt Due Oct. 26
---------------------------------------------------
The creditors of FG Caribbean Bond Fund are required to file their
proofs of debt by Oct. 26, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Sept. 9, 2011.

The company's liquidator is:

         Marc Randall
         c/o Maples Liquidation Services (Cayman) Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


FG CARIBBEAN/GLOBAL: Creditors' Proofs of Debt Due Oct. 26
----------------------------------------------------------
The creditors of FG Caribbean/Global Equity Fund are required to
file their proofs of debt by Oct. 26, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Sept. 9, 2011.

The company's liquidator is:

         Marc Randall
         c/o Maples Liquidation Services (Cayman) Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


FG GROWTH: Creditors' Proofs of Debt Due Oct. 26
------------------------------------------------
The creditors of FG Growth & Income Fund are required to file
their proofs of debt by Oct. 26, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Sept. 9, 2011.

The company's liquidator is:

         Marc Randall
         c/o Maples Liquidation Services (Cayman) Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


FINANSA CAPITAL: Creditors' Proofs of Debt Due Oct. 26
------------------------------------------------------
The creditors of Finansa Capital Ltd. are required to file their
proofs of debt by Oct. 26, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Sept. 14, 2011.

The company's liquidator is:

         James Marshall
         c/o Maples Liquidation Services (Cayman) Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


MHCB CAPITAL: Creditors' Proofs of Debt Due Oct. 26
---------------------------------------------------
The creditors of MHCB Capital Investment (EUR) 1 Limited are
required to file their proofs of debt by Oct. 26, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 16, 2011.

The company's liquidator is:

         Mervin Solas
         c/o Maples Liquidation Services (Cayman) Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


MIZUHO CAPITAL: Creditors' Proofs of Debt Due Oct. 26
-----------------------------------------------------
The creditors of Mizuho Capital Investment (EUR) 1 Limited are
required to file their proofs of debt by Oct. 26, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 16, 2011.

The company's liquidator is:

         Mervin Solas
         c/o Maples Liquidation Services (Cayman) Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


MORGAN STANLEY: Creditors' Proofs of Debt Due Oct. 26
-----------------------------------------------------
The creditors of Morgan Stanley Yarmouth Limited are required to
file their proofs of debt by Oct. 26, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Sept. 14, 2011.

The company's liquidator is:

         Walkers Corporate Services Limited
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


NORTHSTAR REAL: Creditors' Proofs of Debt Due Oct. 26
-----------------------------------------------------
The creditors of Northstar Real Estate Securities Opportunity Fund
B, Ltd. are required to file their proofs of debt by Oct. 26,
2011, to be included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 15, 2011.

The company's liquidator is:

         Marc Randall
         c/o Maples Liquidation Services (Cayman) Limited
         P.O. Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


OASIS CBO: Creditors' Proofs of Debt Due Oct. 26
------------------------------------------------
The creditors of Oasis CBO, Limited are required to file their
proofs of debt by Oct. 26, 2011, to be included in the company's
dividend distribution.

The company commenced liquidation proceedings on Sept. 12, 2011.

The company's liquidator is:

         Marc Randall
         c/o Maples Liquidation Services (Cayman) Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


OCEANWOOD EMERGING: Creditors' Proofs of Debt Due Oct. 26
---------------------------------------------------------
The creditors of Oceanwood Emerging Markets Absolute Return Fund
are required to file their proofs of debt by Oct. 26, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 15, 2011.

The company's liquidator is:

         Marc Randall
         c/o Maples Liquidation Services (Cayman) Limited
         P.O. Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


OCEANWOOD EMERGING, MASTER: Creditors' Proofs of Debt Due Oct. 26
-----------------------------------------------------------------
The creditors of Oceanwood Emerging Markets Absolute Return Master
Fund are required to file their proofs of debt by Oct. 26, 2011,
to be included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 15, 2011.

The company's liquidator is:

         Marc Randall
         c/o Maples Liquidation Services (Cayman) Limited
         P.O. Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


PROVIDENCEMOBILESERV 2: Creditors' Proofs of Debt Due Oct. 26
-------------------------------------------------------------
The creditors of Providencemobileserv 2 (Cayman) Limited are
required to file their proofs of debt by Oct. 26, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 8, 2011.

The company's liquidator is:

         Walkers Corporate Services Limited
         Walker House, 87 Mary Street, George Town
         Grand Cayman KY1-9005
         Cayman Islands
         c/o Jennifer Chailler
         Telephone: (345) 814 6847


SAXLINGHAM GENERAL: Creditors' Proofs of Debt Due Oct. 26
---------------------------------------------------------
The creditors of Saxlingham General Partner Ltd are required to
file their proofs of debt by Oct. 26, 2011, to be included in the
company's dividend distribution.

The company commenced liquidation proceedings on Sept. 9, 2011.

The company's liquidator is:

         Darren Swayne
         MaplesFS Limited
         Boundary Hall, 4th Floor
         Cricket Square, George Town
         Grand Cayman
         Cayman Islands
         c/o Mervin Solas
         Telephone: 345 814 5760


WESSEX ASIAN: Creditors' Proofs of Debt Due Oct. 26
---------------------------------------------------
The creditors of Wessex Asian Special Situations Fund Limited are
required to file their proofs of debt by Oct. 26, 2011, to be
included in the company's dividend distribution.

The company commenced liquidation proceedings on Sept. 14, 2011.

The company's liquidator is:

         Mervin Solas
         c/o Maples Liquidation Services (Cayman) Limited
         PO Box 1093, Boundary Hall
         Grand Cayman KY1-1102
         Cayman Islands


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


* DOMINICAN REPUBLIC: Awaits US$380 Million in Loans From IMF
-------------------------------------------------------------
Dominican Today reports that the Dominican Republic will receive
US$380 million from the international entities once the
International Monetary Fund mulls the Letter of intent on the
seventh revision of the Standby agreement signed in 2009.
Dominican authorities said that the IMF is expected to analyze the
document, according to Dominican Today.

The report relates that of those funds US$170 million will be from
the IMF as part of the US$510 million which the country should
receive during the rest of the year, while US$210 million more are
from the World Bank and the Inter-American Development Bank (IDB).

All those funds are consigned in the national Budget.

Dominican Today relates that Dominican Republic President Luis
Alberto Moreno said IDB will also provide the country a total of
US$360 million in credits this year.   The report relays Mr.
Moreno added that the amount of money provided for the country is
much higher than Dominican Republic's payments to the IDB.


=============
J A M A I C A
=============


INTERTRADE FINANCE: FSC Says Firm is Insolvent Based on Records
---------------------------------------------------------------
RJR News reports that the Financial Services Commission said,
after examining company records, that Intertrade Finance
Corporation is insolvent.

The first red flag was raised when Intertrade Finance was late in
submitting its financial statements to the regulator, according to
RRJ News.  At that time however, the company denied it was in
trouble and said failure to submit the document on time was not a
sign that the company was in any trouble, the company relates.

RJR News notes that FSC said it found that the company had as much
as JM$3.6 billion in liabilities owed to creditors, investors,
employees, utility providers and tax authorities.  The figure does
not include fees that have been incurred by the FSC during its
period of temporary management, RJR News says.

The report discloses that the company's assets that were
identified to cover all the claims made against the company were
woefully inadequate at only JM$1.1billion.

Meanwhile, RJR News relates that already in a separate court
proceeding, two institutional clients of Intertrade have had their
assets frozen.  The report relates that the regulator said it has
filed a petition to wind up the company, presumably to sell any
assets it can get its hands on, to meet the demands.

As reported in the Troubled Company Reporter-Latin America on
May 27, 2011, RJR News said that restrictions have been placed on
the operations of Intertrade Finance after it was served with a
cease and desist order by the Financial Services Commission.  The
order was issued to Joan Powell, Intertrade's Chief Executive
Officer and its Directors Gavin Chen, Christopher Malcolm and
Herbert Malcolm, according to RJR News.  The report related that
FSC said the order was based on the company misrepresenting
clients on the nature of the securities in which they had
invested, its failure to pay over sums to certain clients in
keeping with their instructions, and a review of its interim
financial statements and other documents.

Intertrade Finance Corporation is a securities dealer.


===============
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        -17164978
IMPSAT FIBER-CED        IMPT AR         535007008        -17164978
IMPSAT FIBER NET        XIMPT SM        535007008        -17164978
IMPSAT FIBER-BLK        IMPTB AR        535007008        -17164978
IMPSAT FIBER NET        330902Q GR      535007008        -17164978
IMPSAT FIBER-C/E        IMPTC AR        535007008        -17164978
IMPSAT FIBER NET        IMPTQ US        535007008        -17164978
SOC COMERCIAL PL        CADN EO         177502185       -343324574
SOC COMERCIAL PL        CADN SW         177502185       -343324574
SOC COMERCIAL PL        SCDPF US        177502185       -343324574
SOC COMERCIAL PL        CVVIF US        177502185       -343324574
SOC COMERCIAL PL        CAD IX          177502185       -343324574
SOC COMERCIAL PL        COME AR         177502185       -343324574
SOC COMERCIAL PL        COMED AR        177502185       -343324574
COMERCIAL PL-ADR        SCPDS LI        177502185       -343324574
SOC COMERCIAL PL        COMEC AR        177502185       -343324574
COMERCIAL PLA-BL        COMEB AR        177502185       -343324574
SOC COMERCIAL PL        CADN EU         177502185       -343324574
SOCOTHERM-5 VT-A        STHE5 AR        101075648      -3157975.35
SOCOTHERM SA-B          STHE AR         101075648      -3157975.35
SOCOTHERM-SP ADR        SOCOY US        101075648      -3157975.35
SNIAFA SA-B             SDAGF US        11229696       -2670544.88
SNIAFA SA               SNIA AR         11229696       -2670544.88
SNIAFA SA-B             SNIA5 AR        11229696       -2670544.88


BELIZE

VARIG SA-PREF           VARGPN BZ       966298026      -4695211316
VARIG SA                VARGON BZ       966298026      -4695211316
VARIG SA-PREF           VAGV4 BZ        966298026      -4695211316
VARIG SA                VAGV3 BZ        966298026      -4695211316
AGRENCO LTD             AGRE LX         637647275       -312199404
AGRENCO LTD-BDR         AGEN11 BZ       637647275       -312199404
BOMBRIL-RIGHTS          BOBR1 BZ        451055441        -71738547
BOMBRIL CIRIO SA        BOBRON BZ       451055441        -71738547
BOMBRIL CIRIO-PF        BOBRPN BZ       451055441        -71738547
BOMBRIL-RGTS PRE        BOBR2 BZ        451055441        -71738547
BOMBRIL                 BMBBF US        451055441        -71738547
BOMBRIL-PREF            BOBR4 BZ        451055441        -71738547
BOMBRIL SA-ADR          BMBBY US        451055441        -71738547
BOMBRIL                 BOBR3 BZ        451055441        -71738547
BOMBRIL SA-ADR          BMBPY US        451055441        -71738547
CIA PETROLIFERA         1CPMON BZ       377602195      -3014291.72
CIA PETROLIF-PRF        1CPMPN BZ       377602195      -3014291.72
CIA PETROLIF-PRF        MRLM4B BZ       377602195      -3014291.72
CIA PETROLIF-PRF        MRLM4 BZ        377602195      -3014291.72
CIA PETROLIFERA         MRLM3 BZ        377602195      -3014291.72
CIA PETROLIFERA         MRLM3B BZ       377602195      -3014291.72
BATTISTELLA             BTTL3 BZ        355816098       -2564562.7
BATTISTELLA-RECE        BTTL9 BZ        355816098       -2564562.7
BATTISTELLA-RI P        BTTL2 BZ        355816098       -2564562.7
BATTISTELLA-RIGH        BTTL1 BZ        355816098       -2564562.7
BATTISTELLA-RECP        BTTL10 BZ       355816098       -2564562.7
BATTISTELLA-PREF        BTTL4 BZ        355816098       -2564562.7
DOCA INVESTIMENT        DOCA3 BZ        354715604       -119368960
DOCAS SA-RTS PRF        DOCA2 BZ        354715604       -119368960
DOCAS SA-PREF           DOCAPN BZ       354715604       -119368960
DOCAS SA                DOCAON BZ       354715604       -119368960
DOCA INVESTI-PFD        DOCA4 BZ        354715604       -119368960
TELEBRAS-CED C/E        TEL4C AR        280204646      -21109882.4
TELEBRAS-CEDE PF        RCT4D AR        280204646      -21109882.4
TELEBRAS-CM RCPT        TBRTF US        280204646      -21109882.4
TELEBRAS-CEDEA $        TEL4D AR        280204646      -21109882.4
TELEBRAS-ADR            TBAPY US        280204646      -21109882.4
TELEBRAS-COM RT         TELB1 BZ        280204646      -21109882.4
TELEBRAS-RTS PRF        TLCP2 BZ        280204646      -21109882.4
TELEBRAS-PF RCPT        RCTB42 BZ       280204646      -21109882.4
TELEBRAS SA-PREF        TELB4 BZ        280204646      -21109882.4
TELEBRAS SA             TELB3 BZ        280204646      -21109882.4
TELEBRAS-ADR            TBASY US        280204646      -21109882.4
TELEBRAS-PF BLCK        TELB40 BZ       280204646      -21109882.4
TELEBRAS-RTS PRF        RCTB2 BZ        280204646      -21109882.4
TELEBRAS SA             TLBRON BZ       280204646      -21109882.4
TELEBRAS-CM RCPT        RCTB32 BZ       280204646      -21109882.4
TELEBRAS-ADR            TBX GR          280204646      -21109882.4
TELEBRAS-CM RCPT        RCTB30 BZ       280204646      -21109882.4
TELEBRAS-PF RCPT        TLBRUP BZ       280204646      -21109882.4
TELEBRAS-CEDE BL        RCT4B AR        280204646      -21109882.4
TELEBRAS-CEDE PF        TELB4 AR        280204646      -21109882.4
TELEBRAS-PF RCPT        RCTB41 BZ       280204646      -21109882.4
TELEBRAS-PF RCPT        CBRZF US        280204646      -21109882.4
TELEBRAS SA-PREF        TLBRPN BZ       280204646      -21109882.4
TELEBRAS-RECEIPT        TLBRUO BZ       280204646      -21109882.4
TELEBRAS-CM RCPT        TELE31 BZ       280204646      -21109882.4
TELEBRAS-PF RCPT        RCTB40 BZ       280204646      -21109882.4
TELEBRAS-RCT PRF        TELB10 BZ       280204646      -21109882.4
TELEBRAS/W-I-ADR        TBH-W US        280204646      -21109882.4
TELEBRAS-RTS CMN        TCLP1 BZ        280204646      -21109882.4
TELEBRAS SA-RT          TELB9 BZ        280204646      -21109882.4
TELEBRAS-PF RCPT        TBAPF US        280204646      -21109882.4
TELEBRAS-PF RCPT        TELE41 BZ       280204646      -21109882.4
TELEBRAS-CM RCPT        RCTB31 BZ       280204646      -21109882.4
TELEBRAS-CEDE PF        RCT4C AR        280204646      -21109882.4
TELECOMUNICA-ADR        81370Z BZ       280204646      -21109882.4
TELEBRAS-BLOCK          TELB30 BZ       280204646      -21109882.4
TELEBRAS-RCT            RCTB33 BZ       280204646      -21109882.4
TELEBRAS-ADR            TBRAY GR        280204646      -21109882.4
TELEBRAS SA             TBASF US        280204646      -21109882.4
TELEBRAS-ADR            RTB US          280204646      -21109882.4
TELEBRAS-RTS CMN        RCTB1 BZ        280204646      -21109882.4
TELEBRAS-ADR            TBH US          280204646      -21109882.4
TELEBRAS-CEDE PF        RCTB4 AR        280204646      -21109882.4
HOTEIS OTHON SA         HOTHON BZ       255036150      -42606769.7
HOTEIS OTHON SA         HOOT3 BZ        255036150      -42606769.7
HOTEIS OTHON-PRF        HOTHPN BZ       255036150      -42606769.7
HOTEIS OTHON-PRF        HOOT4 BZ        255036150      -42606769.7
TEKA                    TKTQF US        246866965       -392777063
TEKA-PREF               TKTPF US        246866965       -392777063
TEKA-ADR                TEKAY US        246866965       -392777063
TEKA-PREF               TEKAPN BZ       246866965       -392777063
TEKA-ADR                TKTPY US        246866965       -392777063
TEKA                    TEKAON BZ       246866965       -392777063
TEKA-ADR                TKTQY US        246866965       -392777063
TEKA                    TEKA3 BZ        246866965       -392777063
TEKA-PREF               TEKA4 BZ        246866965       -392777063
PET MANG-RECEIPT        RPMG9 BZ        231024467       -184606117
PET MANG-RT             RPMG2 BZ        231024467       -184606117
PET MANG-RT             4115360Q BZ     231024467       -184606117
PETRO MANGUINHOS        MANGON BZ       231024467       -184606117
PETRO MANGUIN-PF        MANGPN BZ       231024467       -184606117
PET MANG-RT             RPMG1 BZ        231024467       -184606117
PET MANGUINH-PRF        RPMG4 BZ        231024467       -184606117
PET MANG-RT             4115364Q BZ     231024467       -184606117
PET MANG-RECEIPT        RPMG10 BZ       231024467       -184606117
PETRO MANGUINHOS        RPMG3 BZ        231024467       -184606117
PET MANG-RIGHTS         3678569Q BZ     231024467       -184606117
PET MANG-RIGHTS         3678565Q BZ     231024467       -184606117
SANSUY SA               SNSYON BZ       200809365       -115213257
SANSUY                  SNSY3 BZ        200809365       -115213257
SANSUY SA-PREF B        SNSYBN BZ       200809365       -115213257
SANSUY SA-PREF A        SNSYAN BZ       200809365       -115213257
SANSUY-PREF A           SNSY5 BZ        200809365       -115213257
SANSUY-PREF B           SNSY6 BZ        200809365       -115213257
D H B-PREF              DHBI4 BZ        185992309       -151323933
DHB IND E COM-PR        DHBPN BZ        185992309       -151323933
DHB IND E COM           DHBON BZ        185992309       -151323933
D H B                   DHBI3 BZ        185992309       -151323933
BALADARE                BLDR3 BZ        159454016      -52992212.8
FABRICA RENAUX          FTRX3 BZ        109683744      -48836146.4
FABRICA RENAUX          FRNXON BZ       109683744      -48836146.4
FABRICA RENAUX-P        FRNXPN BZ       109683744      -48836146.4
FABRICA TECID-RT        FTRX1 BZ        109683744      -48836146.4
FABRICA RENAUX-P        FTRX4 BZ        109683744      -48836146.4
WETZEL SA-PREF          MWELPN BZ       100017711      -5359345.82
WETZEL SA               MWET3 BZ        100017711      -5359345.82
WETZEL SA               MWELON BZ       100017711      -5359345.82
WETZEL SA-PREF          MWET4 BZ        100017711      -5359345.82
ESTRELA SA              ESTRON BZ       89585906       -80761486.8
ESTRELA SA-PREF         ESTRPN BZ       89585906       -80761486.8
ESTRELA SA-PREF         ESTR4 BZ        89585906       -80761486.8
ESTRELA SA              ESTR3 BZ        89585906       -80761486.8
ACO ALTONA              EALT3 BZ        89152030       -9848587.47
ACO ALTONA-PREF         EALT4 BZ        89152030       -9848587.47
ACO ALTONA SA           EAAON BZ        89152030       -9848587.47
ACO ALTONA-PREF         EAAPN BZ        89152030       -9848587.47
VARIG PART EM SE        VPSC3 BZ        83017829        -495721700
VARIG PART EM-PR        VPSC4 BZ        83017829        -495721700
RENAUXVIEW SA           TXRX3 BZ        73095834        -103943206
TEXTEIS RENA-RCT        TXRX10 BZ       73095834        -103943206
TEXTEIS RENAU-RT        TXRX2 BZ        73095834        -103943206
TEXTEIS RENAU-RT        TXRX1 BZ        73095834        -103943206
TEXTEIS RENAUX          RENXPN BZ       73095834        -103943206
TEXTEIS RENAUX          RENXON BZ       73095834        -103943206
RENAUXVIEW SA-PF        TXRX4 BZ        73095834        -103943206
TEXTEIS RENA-RCT        TXRX9 BZ        73095834        -103943206
SCHLOSSER               SCLO3 BZ        73036750       -34357832.6
SCHLOSSER-PREF          SCLO4 BZ        73036750       -34357832.6
SCHLOSSER SA-PRF        SCHPN BZ        73036750       -34357832.6
SCHLOSSER SA            SCHON BZ        73036750       -34357832.6
MINUPAR SA-PREF         MNPRPN BZ       63144534       -60655823.4
MINUPAR-RT              MNPR1 BZ        63144534       -60655823.4
MINUPAR-PREF            MNPR4 BZ        63144534       -60655823.4
MINUPAR-RCT             9314634Q BZ     63144534       -60655823.4
MINUPAR                 MNPR3 BZ        63144534       -60655823.4
MINUPAR-RT              9314542Q BZ     63144534       -60655823.4
MINUPAR-RCT             MNPR9 BZ        63144534       -60655823.4
MINUPAR SA              MNPRON BZ       63144534       -60655823.4
GRADIENTE ELETR         IGBON BZ        61088978        -282692297
GRADIENTE-PREF C        IGBR7 BZ        61088978        -282692297
GRADIENTE EL-PRB        IGBBN BZ        61088978        -282692297
GRADIENTE-PREF A        IGBR5 BZ        61088978        -282692297
GRADIENTE-PREF B        IGBR6 BZ        61088978        -282692297
IGB ELETRONICA          IGBR3 BZ        61088978        -282692297
GRADIENTE EL-PRC        IGBCN BZ        61088978        -282692297
GRADIENTE EL-PRA        IGBAN BZ        61088978        -282692297
VARIG PART EM TR        VPTA3 BZ        49432124        -399290396
VARIG PART EM-PR        VPTA4 BZ        49432124        -399290396
CIMOB PARTIC SA         GAFON BZ        44047412       -45669963.6
CIMOB PARTIC SA         GAFP3 BZ        44047412       -45669963.6
CIMOB PART-PREF         GAFPN BZ        44047412       -45669963.6
CIMOB PART-PREF         GAFP4 BZ        44047412       -45669963.6
WIEST                   WISA3 BZ        34108201        -126997429
WIEST SA                WISAON BZ       34108201        -126997429
WIEST SA-PREF           WISAPN BZ       34108201        -126997429
WIEST-PREF              WISA4 BZ        34108201        -126997429
RECRUSUL                RCSL3 BZ        31427766       -30307605.7
RECRUSUL-BON RT         RCSL11 BZ       31427766       -30307605.7
RECRUSUL - RT           4529781Q BZ     31427766       -30307605.7
RECRUSUL - RT           RCSL2 BZ        31427766       -30307605.7
RECRUSUL - RCT          RCSL9 BZ        31427766       -30307605.7
RECRUSUL SA-PREF        RESLPN BZ       31427766       -30307605.7
RECRUSUL - RCT          4529793Q BZ     31427766       -30307605.7
RECRUSUL - RT           RCSL1 BZ        31427766       -30307605.7
RECRUSUL-PREF           RCSL4 BZ        31427766       -30307605.7
RECRUSUL - RCT          RCSL10 BZ       31427766       -30307605.7
RECRUSUL - RCT          4529789Q BZ     31427766       -30307605.7
RECRUSUL SA             RESLON BZ       31427766       -30307605.7
RECRUSUL - RT           4529785Q BZ     31427766       -30307605.7
RECRUSUL-BON RT         RCSL12 BZ       31427766       -30307605.7
SANESALTO               SNST3 BZ        31044053       -1843297.83
BOTUCATU-PREF           STRP4 BZ        27663605       -7174512.03
STAROUP SA-PREF         STARPN BZ       27663605       -7174512.03
STAROUP SA              STARON BZ       27663605       -7174512.03
BOTUCATU TEXTIL         STRP3 BZ        27663605       -7174512.03
CONST BETER SA          COBEON BZ       25469474        -4918659.9
CONST BETER-PF B        COBE6B BZ       25469474        -4918659.9
CONST BETER-PF B        1COBBN BZ       25469474        -4918659.9
CONST BETER-PR A        1008Q BZ        25469474        -4918659.9
CONST BETER SA          1COBON BZ       25469474        -4918659.9
CONST BETER-PF B        COBE6 BZ        25469474        -4918659.9
CONST BETER-PR B        1009Q BZ        25469474        -4918659.9
CONST BETER-PFA         COBE5B BZ       25469474        -4918659.9
CONST BETER SA          1007Q BZ        25469474        -4918659.9
CONST BETER SA          COBE3B BZ       25469474        -4918659.9
CONST BETER-PR A        COBEAN BZ       25469474        -4918659.9
CONST BETER SA          COBE3 BZ        25469474        -4918659.9
CONST BETER-PF A        1COBAN BZ       25469474        -4918659.9
CONST BETER-PF A        COBE5 BZ        25469474        -4918659.9
CONST BETER-PR B        COBEBN BZ       25469474        -4918659.9
FERRAGENS HAGA          HAGAON BZ       23732827       -65883555.8
HAGA                    HAGA3 BZ        23732827       -65883555.8
FER HAGA-PREF           HAGA4 BZ        23732827       -65883555.8
FERRAGENS HAGA-P        HAGAPN BZ       23732827       -65883555.8
ALL ORE MINERACA        STLB3 BZ        23040051       -8699861.07
STEEL - RT              STLB1 BZ        23040051       -8699861.07
ALL ORE MINERACA        AORE3 BZ        23040051       -8699861.07
STEEL - RCT ORD         STLB9 BZ        23040051       -8699861.07
NOVA AMERICA-PRF        NOVA4B BZ       21287489        -183535527
NOVA AMERICA SA         NOVA3 BZ        21287489        -183535527
NOVA AMERICA SA         NOVA3B BZ       21287489        -183535527
NOVA AMERICA-PRF        NOVAPN BZ       21287489        -183535527
NOVA AMERICA SA         NOVAON BZ       21287489        -183535527
NOVA AMERICA-PRF        1NOVPN BZ       21287489        -183535527
NOVA AMERICA-PRF        NOVA4 BZ        21287489        -183535527
NOVA AMERICA SA         1NOVON BZ       21287489        -183535527
CAF BRASILIA            CAFE3 BZ        21097370        -903951461
CAFE BRASILIA SA        CSBRON BZ       21097370        -903951461
CAF BRASILIA-PRF        CAFE4 BZ        21097370        -903951461
CAFE BRASILIA-PR        CSBRPN BZ       21097370        -903951461
TECEL S JOSE-PRF        FTSJPN BZ       19067323       -52580501.1
TECEL S JOSE-PRF        SJOS4 BZ        19067323       -52580501.1
TECEL S JOSE            FTSJON BZ       19067323       -52580501.1
TECEL S JOSE            SJOS3 BZ        19067323       -52580501.1
NORDON METAL            NORDON BZ       15354597       -26859636.7
NORDON MET-RTS          NORD1 BZ        15354597       -26859636.7
NORDON MET              NORD3 BZ        15354597       -26859636.7
REII INC                REIC US         14423532          -3506007
LATTENO FOOD COR        LATF US         14423532          -3506007
B&D FOOD CORP           BDFCE US        14423532          -3506007
B&D FOOD CORP           BDFC US         14423532          -3506007
CHIARELLI SA-PRF        CCHI4 BZ        14300741       -46729432.5
CHIARELLI SA            CCHON BZ        14300741       -46729432.5
CHIARELLI SA            CCHI3 BZ        14300741       -46729432.5
CHIARELLI SA-PRF        CCHPN BZ        14300741       -46729432.5
HERCULES                HETA3 BZ        12689117        -170680899
HERCULES-PREF           HETA4 BZ        12689117        -170680899
HERCULES SA             HERTON BZ       12689117        -170680899
HERCULES SA-PREF        HERTPN BZ       12689117        -170680899
GAZOLA-RCPTS CMN        GAZO9 BZ        12452144       -40298531.2
GAZOLA-RCPT PREF        GAZO10 BZ       12452144       -40298531.2
GAZOLA SA-DVD CM        GAZO11 BZ       12452144       -40298531.2
GAZOLA-PREF             GAZO4 BZ        12452144       -40298531.2
GAZOLA                  GAZO3 BZ        12452144       -40298531.2
GAZOLA SA               GAZON BZ        12452144       -40298531.2
GAZOLA SA-DVD PF        GAZO12 BZ       12452144       -40298531.2
GAZOLA SA-PREF          GAZPN BZ        12452144       -40298531.2
ARTHUR LAN-DVD C        ARLA11 BZ       11642256       -17154461.9
ARTHUR LANGE-PRF        ARLA4 BZ        11642256       -17154461.9
ARTHUR LAN-DVD P        ARLA12 BZ       11642256       -17154461.9
ARTHUR LANGE            ARLA3 BZ        11642256       -17154461.9
ARTHUR LANG-RT P        ARLA2 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 LANG-RC P        ARLA10 BZ       11642256       -17154461.9
ARTHUR LANGE SA         ALICON BZ       11642256       -17154461.9
FERREIRA GUIMARA        FGUION BZ       11016542        -151840377
F GUIMARAES-PREF        FGUI4 BZ        11016542        -151840377
F GUIMARAES             FGUI3 BZ        11016542        -151840377
FERREIRA GUIM-PR        FGUIPN BZ       11016542        -151840377


CHILE

EMPRESA DE LOS F        2940894Z CI     1.934E+09        -50416404
CLARO COM SA            CHILESAT CI     1.157E+09       -122555290
CHILESAT CORP SA        TELEX CI        1.157E+09       -122555290
TELEX-RTS               TELEXO CI       1.157E+09       -122555290
TELEX-A                 TELEXA CI       1.157E+09       -122555290
TELMEX CORP-ADR         CSAOY US        1.157E+09       -122555290
CHILESAT CO-ADR         TL US           1.157E+09       -122555290
CHILESAT CO-RTS         CHISATOS CI     1.157E+09       -122555290


PUERTO RICO

TEXTIL SAN CRI-C        SNCR/C PE       59428058      -8824587.31
TEXTIL SAN CRI-C        SNCRISC1 PE     59428058      -8824587.31


                            ***********


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


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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. Agravante, Rousel Elaine T.
Fernandez, Valerie U. Pascual, Psyche A. Castillon, Ivy B.
Magdadaro, Frauline S. Abangan, and Peter A. Chapman, Editors.

Copyright 2011.  All rights reserved.  ISSN 1529-2746.

This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.

Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.

The TCR Latin America subscription rate is US$625 per half-year,
delivered via e-mail.  Additional e-mail subscriptions for members
of the same firm for the term of the initial subscription or
balance thereof are US$25 each.  For subscription information,
contact Christopher Beard at 240/629-3300.


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