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/raid1/www/Hosts/bankrupt/TCRLA_Public/111201.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 Thursday, December 1, 2011, Vol. 12, No. 238 Headlines A N T I G U A & B A R B U D A STANFORD INT'L: Owner's Mental Fitness Hearing Set for Dec. 20 A R G E N T I N A FREIUS SA: Creditors' Proofs of Debt Due Feb. 3 HIGEA SALUD: Requests Opening of Bankruptcy Proceedings ILUSUD SA: Creditors' Proofs of Debt Due Feb. 24 LIBRA ARGENTINA: Creditors' Proofs of Debt Due Dec. 19 TRANSPORTE SIERRA: Creditors' Proofs of Debt Due Feb. 8 B E L I Z E PORT OF BELIZE: In Receivership, Belize Bank to Seize Assets B E R M U D A EXCEL MARITIME: Moody's Withdraws 'B3' Corporate Family Rating B R A Z I L BV FINANCIERA: Moody's Withdraws 'Ba1' Local Currency Scale Rating C A Y M A N I S L A N D S ALTIMA AGRICULTURE: Creditors' Proofs of Debt Due Dec. 1 ALTIMA AGRICULTURE, MASTER: Creditors' Proofs of Debt Due Dec. 1 BEACON HILL: Creditors' Proofs of Debt Due Dec. 7 BISS DEAL: Creditors' Proofs of Debt Due Dec. 7 CONSECO FUNDING: Creditors' Proofs of Debt Due Dec. 7 DUSCC DEAL: Creditors' Proofs of Debt Due Dec. 7 EFES AVIATION: Creditors' Proofs of Debt Due Dec. 7 FOREST GLOBAL: Creditors' Proofs of Debt Due Dec. 7 FTF CAPITAL: Creditors' Proofs of Debt Due Dec. 7 GALLERIA CDO IV: Creditors' Proofs of Debt Due Dec. 7 JULIUS BAER: Creditors' Proofs of Debt Due Dec. 8 SIGNUM CREDARIS: Creditors' Proofs of Debt Due Dec. 7 YX MASTER: Creditors' Proofs of Debt Due Dec. 1 YX SHORT: Creditors' Proofs of Debt Due Dec. 1 ZAIS INVESTMENT: Creditors' Proofs of Debt Due Dec. 7 M E X I C O AXTEL SAB: S&P Lowers Corp. Credit Rating to 'B'; Outlook Stable T R I N I D A D & T O B A G O AMR CORP: T&T American Airlines Operations Unaffected by Chap. 11 X X X X X X X X * Upcoming Meetings, Conferences and Seminars - - - - - =============================== A N T I G U A & B A R B U D A =============================== STANFORD INT'L: Owner's Mental Fitness Hearing Set for Dec. 20 -------------------------------------------------------------- Andrew Harris and Laurel Brubaker Calkins at Bloomberg News report that Stanford International Bank Limited indicted owner, Robert Allen Stanford, the billionaire accused of orchestrating a Ponzi scheme will face a Dec. 20 competency hearing scheduled by Houston U.S. District Judge David Hittner to determine whether he is mentally fit to stand trial next year. Bloomberg News previously reported that Mr. Stanford will be moved within days to the federal facility in Houston where he was previously locked up. Mr. Stanford is currently housed in the federal prison transfer facility in Oklahoma City, according to Bloomberg, citing the bureau's Web site. If Mr. Stanford is found unable to help his attorneys prepare his defense, he could return to Butner for further treatment, Eric Sussman, a former federal prosecutor now in private practice in Chicago, told the news agency in an interview. If Judge Hittner finds Mr. Stanford can't sufficiently recover his faculties, the judge would be required to decide whether the financier must be committed to a long-term care facility, said Mr. Sussman, now a partner in the Chicago office of New York-based Kaye Scholer LLP, according to Bloomberg. Meanwhile, Bloomberg notes, Judge Hittner, in a separate order, said Mr. Stanford's criminal trial would start with jury selection on Jan. 23. As reported in the Troubled Company Reporter-Latin America on May 13, 2011, Reuters, citing court records, said Mr. Stanford's criminal trial has been scheduled to Sept. 12, 2011, a change from a January ruling that declared he was incompetent to stand trial. The Wall Street Journal said U.S. District Judge David Hittner found Mr. Stanford incompetent to stand trial following conclusions by three psychiatrists that Mr. Stanford is mentally impaired. According to The Journal, the decision by Judge Hittner means Mr. Stanford's trial, originally scheduled to begin in January, could be delayed at least through the second half of the year. The report disclosed that Mr. Stanford's condition, according to the experts, has deteriorated since he was incarcerated in mid-2009 due to a combination of factors, including a head injury suffered in a confrontation with another inmate, a major depressive disorder, and excessive medication for anxiety and depression, to which he has become addicted. About Stanford International Bank Domiciled in Antigua, Stanford International Bank Limited -- http://www.stanfordinternationalbank.com/-- is a member of Stanford Private Wealth Management, a global financial services network with US$51 billion in deposits and assets under management or advisement. Stanford Private Wealth Management serves more than 70,000 clients in 140 countries. On Feb. 16, 2009, the U.S. District Court for the Northern District of Texas, Dallas Division, signed an order appointing Ralph Janvey as receiver for all the assets and records of Stanford International Bank, Ltd., Stanford Group Company, Stanford Capital Management, LLC, Robert Allen Stanford, James M. Davis and Laura Pendergest-Holt and of all entities they own or control. The February 16 order, as amended March 12, 2009, directs the Receiver to, among other things, take control and possession of and to operate the Receivership Estate, and to perform all acts necessary to conserve, hold, manage and preserve the value of the Receivership Estate. The U.S. Securities and Exchange Commission on Feb. 17, 2009, charged before the U.S. District Court in Dallas, Texas, Mr. Stanford and three of his companies for orchestrating a fraudulent, multi-billion dollar investment scheme centering on a US$8 billion Certificate of Deposit program. A criminal case was also pursued against Mr. Stanford in June 2009 before the U.S. District Court in Houston, Texas. Mr. Stanford pleaded not guilty to 21 charges of multi-billion dollar fraud, money-laundering and obstruction of justice. Assistant Attorney General Lanny Breuer, as cited by Agence France-Presse News, said in a 57-page indictment that Mr. Stanford could face up to 250 years in prison if convicted on all charges. Mr. Stanford surrendered to U.S. authorities after a warrant was issued for his arrest on the criminal charges. The criminal case is U.S. v. Stanford, H-09-342 (S.D. Tex.). The civil case is SEC v. Stanford International Bank, 09-cv-00298 (N.D. Tex.). ================= A R G E N T I N A ================= FREIUS SA: Creditors' Proofs of Debt Due Feb. 3 ----------------------------------------------- Ester Ferraro, the court-appointed trustee for Freius SA's reorganization proceedings, will be verifying creditors' proofs of claim until Feb. 3, 2012. Ms. Ferraro will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 24 in Buenos Aires, with the assistance of Clerk No. 48, 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 Oct. 18, 2012. The Trustee can be reached at: Ester Ferraro Esmeralda 960 Argentina HIGEA SALUD: Requests Opening of Bankruptcy Proceedings ------------------------------------------------------- Higea Salud SRL requested the opening of bankruptcy proceedings. The company has defaulted on its payments last Nov. 10, 2009. ILUSUD SA: Creditors' Proofs of Debt Due Feb. 24 ------------------------------------------------ Miguel A. Marcesi, the court-appointed trustee for Ilusud SA's bankruptcy proceedings, will be verifying creditors' proofs of claim until Feb. 24, 2012. Mr. Marcesi will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 11 in Buenos Aires, with the assistance of Clerk No. 22, 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: Miguel A. Marcesi Avellaneda 1135 Argentina LIBRA ARGENTINA: Creditors' Proofs of Debt Due Dec. 19 ------------------------------------------------------ Mario D'Atri, the court-appointed trustee for Libra Argentina SRL's bankruptcy proceedings, will be verifying creditors' proofs of claim until Dec. 19, 2011. Mr. D'Atri will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 19 in Buenos Aires, with the assistance of Clerk No. 38, 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: Mario D'Atri Teniente General Juan Domingo Peron 1605 Argentina TRANSPORTE SIERRA: Creditors' Proofs of Debt Due Feb. 8 ------------------------------------------------------- Estudio Juan Ulnik y Asociados, the court-appointed trustee for Transporte Sierra SRL's reorganization proceedings, will be verifying creditors' proofs of claim until Feb. 8, 2012. The Trustee will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 15 in Buenos Aires, with the assistance of Clerk No. 29, 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: Estudio Juan Ulnik y Asociados Maipu 509 Argentina =========== B E L I Z E =========== PORT OF BELIZE: In Receivership, Belize Bank to Seize Assets ------------------------------------------------------------ The El Guardian reports that the Port of Belize has gone into administration with Belize Bank aiming to seize its assets. The port is on near lock down after agents for Michael Ashcroft have been attempting to make their way into the compound and the offices of the Port of Belize Limited to present the managers with a letter of receivership, according to The El Guardian. The report notes that the port's owner, Luke Espat, tried to cling on to one of the few remaining assets, which he had mortgaged with the Belize Bank, which is aiming to seize it. Mr. Espat had managed to separate the Port from other assets he had control over such as Crockland and Indeco, which both went into receivership in December of last year, the report recalls. The El Guardian notes that at that time, the port was a company called Private Investment Limited (PIL) with Mr. Espat remaining at the helm. The El Guardian says that PIL is yet another of Mr. Ashcroft's paper companies, which holds great interest in assets who have borrowed from the Belize Bank. In March, the report notes that PIL bought over a significant portion of Luke Espat Group loans (L.E.G), which Mr. Espat had taken out with the Belize Bank. At the time, The El Guardian relays that PIL had taken over companies under the L.E.G. that had cash flows such as the Port of Belize Limited loans and the Renaissance Towers loans. The others, which were non-performing like Crockland, Indeco and others, were left with the Belize Bank, the report says. As the battle for the port's ownership continues, shippers and agents are concerned if the Port will be closed for business and what impact it will have on business in Belize, the report adds. ============= B E R M U D A ============= EXCEL MARITIME: Moody's Withdraws 'B3' Corporate Family Rating -------------------------------------------------------------- Moody's Investors Service has withdrawn the B3 corporate family rating (CFR) and probability of default rating (PDR) of Excel Maritime Carries Ltd. Ratings Rationale Moody's has withdrawn the rating for its own business reasons. The following EXM's ratings were withdrawn: Corporate Family Rating of B3 Probability of Default Rating of B3 The outlook had been stable prior to the withdrawal of the ratings. The withdrawal did not affect any debt instrument as the company hasn't in issue any rated debt. Excel Maritime Carriers Ltd. (EXM) is an owner and operator of dry-bulk carriers and a provider of worldwide seaborne transportation services for dry-bulk cargo, such as iron ore, coal and grain, as well as bauxite, fertilisers and steel products. As of the end of September 2011, the company operated 47 vessels with a total carrying capacity of approximately 4.1 million DWT. EXM's fleet comprises: (i) 21 Panamax; (ii) 14 Kamsarmax; (iii) 7 Capesize; (iv) 3 Handymax; and (v) 2 Supramax. The oldest vessels are the Handymaxes, whose average age approximately 19 years, whereas total fleet average age is 10.4 years. In-house technical management of the fleet is provided by the wholly owned subsidiary Maryville Maritime Inc. =========== B R A Z I L =========== BV FINANCIERA: Moody's Withdraws 'Ba1' Local Currency Scale Rating ------------------------------------------------------------------ Moody's America Latina is correcting the ratings for Senior Shares due June 23, 2012 issued by BV Financeira -- Fundo de Investimento em Direitos Creditorios III to Aa1.br (National Scale) and Ba1 (Global Local Currency Scale) from WR. The ratings were previously withdrawn on June 23, 2011, due to an internal administrative error. =========================== C A Y M A N I S L A N D S =========================== ALTIMA AGRICULTURE: Creditors' Proofs of Debt Due Dec. 1 -------------------------------------------------------- The creditors of Altima Agriculture Equity Fund Limited are required to file their proofs of debt by Dec. 1, 2011, to be included in the company's dividend distribution. The company commenced wind-up proceedings on Oct. 27, 2011. The company's liquidator is: Ogier c/o Jonathan McLean Telephone: (345) 815 1805 Facsimile: (345) 949-9877 89 Nexus Way Camana Bay Grand Cayman KY1-9007 Cayman Islands ALTIMA AGRICULTURE, MASTER: Creditors' Proofs of Debt Due Dec. 1 ---------------------------------------------------------------- The creditors of Altima Agriculture Equity Master Fund Limited are required to file their proofs of debt by Dec. 1, 2011, to be included in the company's dividend distribution. The company commenced wind-up proceedings on Oct. 27, 2011. The company's liquidator is: Ogier c/o Jonathan McLean Telephone: (345) 815 1805 Facsimile: (345) 949-9877 89 Nexus Way Camana Bay Grand Cayman KY1-9007 Cayman Islands BEACON HILL: Creditors' Proofs of Debt Due Dec. 7 ------------------------------------------------- The creditors of Beacon Hill CBO, Ltd. are required to file their proofs of debt by Dec. 7, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 27, 2011. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands BISS DEAL: Creditors' Proofs of Debt Due Dec. 7 ----------------------------------------------- The creditors of Biss Deal Limited are required to file their proofs of debt by Dec. 7, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 28, 2011. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands CONSECO FUNDING: Creditors' Proofs of Debt Due Dec. 7 ----------------------------------------------------- The creditors of Conseco Funding Ltd. are required to file their proofs of debt by Dec. 7, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 27, 2011. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands DUSCC DEAL: Creditors' Proofs of Debt Due Dec. 7 ------------------------------------------------ The creditors of DUSCC Deal Limited are required to file their proofs of debt by Dec. 7, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 28, 2011. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands EFES AVIATION: Creditors' Proofs of Debt Due Dec. 7 --------------------------------------------------- The creditors of EFES Aviation Limited are required to file their proofs of debt by Dec. 7, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 27, 2011. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands FOREST GLOBAL: Creditors' Proofs of Debt Due Dec. 7 --------------------------------------------------- The creditors of Forest Global Convertible Fund Ltd. are required to file their proofs of debt by Dec. 7, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 26, 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 FTF CAPITAL: Creditors' Proofs of Debt Due Dec. 7 ------------------------------------------------- The creditors of FTF Capital Limited are required to file their proofs of debt by Dec. 7, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 27, 2011. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands GALLERIA CDO IV: Creditors' Proofs of Debt Due Dec. 7 ----------------------------------------------------- The creditors of Galleria CDO IV. Ltd. are required to file their proofs of debt by Dec. 7, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 27, 2011. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands JULIUS BAER: Creditors' Proofs of Debt Due Dec. 8 ------------------------------------------------- The creditors of Julius Baer Alternative Balanced Index Fund Ltd are required to file their proofs of debt by Dec. 8, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 19, 2011. The company's liquidator is: David A.K. Walker c/o Aaron Gardner Telephone: (345) 914 8655 Facsimile: (345) 945 4237 P.O. Box 258 Grand Cayman KY1-1104 Cayman Islands SIGNUM CREDARIS: Creditors' Proofs of Debt Due Dec. 7 ----------------------------------------------------- The creditors of Signum Credaris Limited are required to file their proofs of debt by Dec. 7, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 28, 2011. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands YX MASTER: Creditors' Proofs of Debt Due Dec. 1 ----------------------------------------------- The creditors of YX Master Fund Ltd are required to file their proofs of debt by Dec. 1, 2011, to be included in the company's dividend distribution. The company commenced wind-up proceedings on Oct. 26, 2011. The company's liquidator is: Ogier c/o Jonathan McLean Telephone: (345) 815 1805 Facsimile: (345) 949-9877 89 Nexus Way Camana Bay Grand Cayman KY1-9007 Cayman Islands YX SHORT: Creditors' Proofs of Debt Due Dec. 1 ---------------------------------------------- The creditors of YX Short Offshore Ltd are required to file their proofs of debt by Dec. 1, 2011, to be included in the company's dividend distribution. The company commenced wind-up proceedings on Oct. 26, 2011. The company's liquidator is: Ogier c/o Jonathan McLean Telephone: (345) 815 1805 Facsimile: (345) 949-9877 89 Nexus Way Camana Bay Grand Cayman KY1-9007 Cayman Islands ZAIS INVESTMENT: Creditors' Proofs of Debt Due Dec. 7 ----------------------------------------------------- The creditors of Zais Investment Grade Limited VIII are required to file their proofs of debt by Dec. 7, 2011, to be included in the company's dividend distribution. The company commenced liquidation proceedings on Oct. 27, 2011. The company's liquidator is: David Dyer Deutsche Bank (Cayman) Limited PO Box 1984, Boundary Hall Cricket Square, 171 Elgin Avenue Grand Cayman KY1-1104 Cayman Islands =========== M E X I C O =========== AXTEL SAB: S&P Lowers Corp. Credit Rating to 'B'; Outlook Stable ---------------------------------------------------------------- Standard & Poor's Ratings Services lowered its ratings, including the corporate credit rating, on Mexican telecommunications company Axtel S.A.B de C.V. to 'B' from 'B+'. The outlook is stable. "The '3' recovery rating on the company's senior secured debt is unchanged, indicating our expectation of meaningful (50% to 70%) recovery in the event of a payment default," S&P said. "The downgrade reflects our concerns about Axtel's business profile, which we now consider as vulnerable, amid very competitive operating conditions," said Standard & Poor's credit analyst Marcela Duenas. "We also considered the company's marginal revenue growth, tight covenant headroom limiting its financial flexibility, and our belief that its hefty capital expenditure program will keep it running deficits in free operating cash flow." "The stable outlook reflects our expectation that the company will maintain stable financial indicators for the next two years," S&P said. =============================== T R I N I D A D & T O B A G O =============================== AMR CORP: T&T American Airlines Operations Unaffected by Chap. 11 ----------------------------------------------------------------- Sasha Harrinanan at Trinidad & Tobago Newsday reports that American Airlines has assured its Trinidad and Tobago operations will not be affected by its filing for Chapter 11 bankruptcy in the United States. Trinida & Tobago Transport Minister Devant Maharaj said he was given this assurance by airline officials shortly before news broke about the move, according to Trinidad & Tobago Newsday. " . . . . I received a call from American Airline officials in Miami. They told me they would honor all commitments to Trinidad and Tobago routes and their financial commitments, such as docking rights and other incidental costs at Piarco International Airport," the report quoted Mr. Maharaj as saying. Mr. Maharaj, the report notes, added that AA's decision to file for Chapter 11 would have been a difficult one to make and would no doubt affect the airline's image. About AMR Corporation Headquartered in Fort Worth, Texas, AMR Corporation (NYSE: AMR) operates with its principal subsidiary, American Airlines Inc. -- http://www.aa.com/-- a worldwide scheduled passenger airline. As of Dec. 31, 2009, American provided scheduled jet service to approximately 160 destinations throughout North America, the Caribbean, Latin America, Europe and Asia. Its wholly owned subsidiary, AMR Eagle Holding Corp., owns two regional airlines, American Eagle Airlines Inc. and Executive Airlines Inc., and does business as "American Eagle." American Beacon Advisors Inc., a wholly owned subsidiary of AMR, is responsible for the investment and oversight of assets of AMR's U.S. employee benefit plans, as well as AMR's short-term investments. The Company reported a net loss of US$884 million on US$18.02 billion of total operating revenues for the nine months ended Sept. 30, 2011. AMR recorded a net loss of US$471 million in the year 2010, a net loss of US$1.5 billion in 2009, and a net loss of US$2.1 billion in 2008. The Company's balance sheet at Sept. 30, 2011, showed US$24.72 billion in total assets, US$29.55 billion in total liabilities, and a US$4.83 billion stockholders' deficit. * * * AMR carries a 'CCC' issuer default rating from Fitch Ratings, 'Caa1' corporate family and probability of default ratings from Moody's, and a 'B-' corporate credit rating from Standard & Poor's. As reported in the Troubled Company Reporter on Nov. 16, 2011, Fitch Ratings said in a statement that the absence of progress in contract talks between AMR Corp. management and the Allied Pilots Association (APA) raises the risk that American Airlines will be forced into a Chapter 11 bankruptcy filing. Fitch Ratings sees agreement on terms similar to those proposed by management as essential if the carrier is to move toward a sustainable operating profile in 2012 and beyond. After five years of unsuccessful bargaining for new contracts, American's pilots appear committed to proposals that would drive AMR's unit labor costs still higher at a time when the airline's margin performance continues to lag significantly behind that of competing U.S. carriers such as United and Delta. =============== X X X X X X X X =============== * Upcoming Meetings, Conferences and Seminars --------------------------------------------- Dec. 1-3, 2011 AMERICAN BANKRUPTCY INSTITUTE 23rd Annual Winter Leadership Conference La Quinta Resort & Spa, La Quinta, Calif. Contact: 1-703-739-0800; http://www.abiworld.org/ April 3-5, 2012 TURNAROUND MANAGEMENT ASSOCIATION TMA Spring Conference Grand Hyatt Atlanta, Atlanta, Ga. Contact: http://www.turnaround.org/ Apr. 19-22, 2012 AMERICAN BANKRUPTCY INSTITUTE Annual Spring Meeting Gaylord National Resort & Convention Center, National Harbor, Md. Contact: 1-703-739-0800; http://www.abiworld.org/ July 14-17, 2012 AMERICAN BANKRUPTCY INSTITUTE Southeast Bankruptcy Workshop The Ritz-Carlton Amelia Island, Amelia Island, Fla. Contact: 1-703-739-0800; http://www.abiworld.org/ Aug. 2-4, 2012 AMERICAN BANKRUPTCY INSTITUTE Mid-Atlantic Bankruptcy Workshop Hyatt Regency Chesapeake Bay, Cambridge, Md. Contact: 1-703-739-0800; http://www.abiworld.org/ November 1-3, 2012 TURNAROUND MANAGEMENT ASSOCIATION TMA Annual Convention Westin Copley Place, Boston, Mass. Contact: http://www.turnaround.org/ Nov. 29 - Dec. 2, 2012 AMERICAN BANKRUPTCY INSTITUTE Winter Leadership Conference JW Marriott Starr Pass Resort & Spa, Tucson, Ariz. Contact: 1-703-739-0800; http://www.abiworld.org/ April 10-12, 2013 TURNAROUND MANAGEMENT ASSOCIATION TMA Spring Conference JW Marriott Chicago, Chicago, Ill. Contact: http://www.turnaround.org/ October 3-5, 2013 TURNAROUND MANAGEMENT ASSOCIATION TMA Annual Convention Marriott Wardman Park, Washington, D.C. Contact: http://www.turnaround.org/ *********** 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. 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. * * * End of Transmission * * *