/raid1/www/Hosts/bankrupt/TCRLA

/raid1/www/Hosts/bankrupt/TCRLA_Public/120208.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 Wednesday, February 8, 2012, Vol. 13, No. 027 Headlines A N T I G U A & B A R B U D A STANFORD INT'L: Former Exec Reveals Bank's Profits Faked A R G E N T I N A ALBALA SERVICIOS: Creditors' Proofs of Debt Due March 15 CLINICA CLAYPOLE: Asks for Bankruptcy Proceedings DON PEDRO: Applied for Bankruptcy Protection EPITECNICA SA: Creditors' Proofs of Debt Due March 2 FINCA NOYA: Creditors' Proofs of Debt Due March 15 N&GV SRL: Asks for Bankruptcy Proceedings NEOPRINTING SRL: Creditors' Proofs of Debt Due March 2 SANATORIOS Y CLINICAS: Creditors' Proofs of Debt Due March 20 VISET SEGURIDAD: Creditors' Proofs of Debt Due Feb. 22 * ARGENTINA: IDB OKs 300MM to Improve Transport Infrastructure C A Y M A N I S L A N D S AMERICAN PEGASUS: U.S. Court Recognizes Cayman Islands Proceeding CAC CAPITAL: Shareholders Receive Wind-Up Report CLINTON MULTISTRATEGY FUND: Shareholders Receive Wind-Up Report CLINTON MULTISTRATEGY MASTER: Shareholders Receive Wind-Up Report INVESTCORP WMG: Shareholders Receive Wind-Up Report INVESTCORP WMG MASTER: Shareholders Receive Wind-Up Report JEFFERIES FOUNDERS FUND: Shareholders Receive Wind-Up Report JEFFERIES FOUNDERS MASTER: Shareholders Receive Wind-Up Report MORAY COMPANY: Shareholder Receives Wind-Up Report TECHINSPIRATIONS INC: Shareholder Receives Wind-Up Report D O M I N I C A N R E P U B L I C * DOMINICAN REPUBLIC: IDB OKs US$130.0 Million Loan for Project M E X I C O INDUSTRIAS UNIDAS: Owner Makes Required US$13.8MM Contribution VITRO SAB: Court Orders Conversion of VAC Cases to Chapter 7 P U E R T O R I C O FERRETERIA Y AGROCENTRO: Case Summary & Largest Unsec. Creditors - - - - - =============================== A N T I G U A & B A R B U D A =============================== STANFORD INT'L: Former Exec Reveals Bank's Profits Faked -------------------------------------------------------- Jamaica Observer reports that former Stanford Group Chief Financial Officer James M. Davis told jurors that Robert Allen Stanford helped fake profit numbers for Stanford International Bank Limited and funnel millions of dollars of depositor funds to a secret Swiss bank account used to pay for personal expenses, bribes to regulators and employee bonuses. Mr. Davis testified that Stanford International Bank never reported having an unprofitable year because he and Mr. Stanford worked together to fabricate figures for annual reports and other documents, according to Jamaica Observer. The report notes that prosecutors allege Mr. Stanford masterminded the Ponzi scheme. Mr. Davis, the report relates, said Mr. Stanford used the money for "real estate purchases, paying for personal expenses, beginning another company." Jamaica Observer relays that Mr. Davis said Mr. Stanford then had him make transfers ranging from US$500,000 to US$10 million from the Swiss account to a personal account the financier had in Houston. The report notes that Mr. Davis testified some of the money in the Swiss account was also transferred to an account Stanford had in Antigua to pay for bribes to the top regulator on the island nation who oversaw the financier's bank. Some of the funds from the secret account were also used to pay employee bonuses, he added, the report says. 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 United States 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, 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 an US$8 billion Certificate of Deposit program. A criminal case was pursued against him in June 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, U.S. District Court, Southern District of Texas (Houston). The civil case is SEC v. Stanford International Bank, 3:09-cv-00298-N, U.S. District Court, Northern District of Texas (Dallas). ================= A R G E N T I N A ================= ALBALA SERVICIOS: Creditors' Proofs of Debt Due March 15 -------------------------------------------------------- Hector Eduardo Palma, the court-appointed trustee for Albala Servicios Electricos SRL's bankruptcy proceedings, will be verifying creditors' proofs of claim until March 15, 2012. Mr. Palma will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 6 in Buenos Aires, with the assistance of Clerk No. 2, 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: Hector Eduardo Palma Teniente General Juan Domingo Peron 1479 Argentina CLINICA CLAYPOLE: Asks for Bankruptcy Proceedings ------------------------------------------------- Clinica Claypole SA asked for bankruptcy proceedings by default. DON PEDRO: Applied for Bankruptcy Protection -------------------------------------------- Don Pedro Group SRL applied for bankruptcy protection. The company has defaulted on its payments last March 23. EPITECNICA SA: Creditors' Proofs of Debt Due March 2 ---------------------------------------------------- Juan Jose Romanelli, the court-appointed trustee for Epitecnica SA's bankruptcy proceedings, will be verifying creditors' proofs of claim until March 2, 2012. Mr. Romanelli will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 9 in Buenos Aires, with the assistance of Clerk No. 17, 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: Juan Jose Romanelli Gandara 2700 Argentina FINCA NOYA: Creditors' Proofs of Debt Due March 15 -------------------------------------------------- Alicia Elisa Tambone, the court-appointed trustee for Finca Noya SA's bankruptcy proceedings, will be verifying creditors' proofs of claim until March 15, 2012. Ms. Tambone 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. 2, 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: Alicia Elisa Tambone Avenida La Plata 213 Argentina N&GV SRL: Asks for Bankruptcy Proceedings ----------------------------------------- N&GV SRL asked for bankruptcy proceedings by default NEOPRINTING SRL: Creditors' Proofs of Debt Due March 2 ------------------------------------------------------ Olga Noemi Pardo, the court-appointed trustee for Neoprinting SRL's bankruptcy proceedings, will be verifying creditors' proofs of claim until March 2, 2012. Ms. Pardo will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 9 in Buenos Aires, with the assistance of Clerk No. 18, 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: Olga Noemi Pardo Avenida de Mayo 1370 Argentina SANATORIOS Y CLINICAS: Creditors' Proofs of Debt Due March 20 ------------------------------------------------------------- Ruben Posniak, the court-appointed trustee for Sanatorios y Clinicas Asociados SA's bankruptcy proceedings, will be verifying creditors' proofs of claim until March 20, 2012. Mr. Posniak will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 5 in Buenos Aires, with the assistance of Clerk No. 10, 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: Ruben Posniak Avenida Medrano 37 Argentina VISET SEGURIDAD: Creditors' Proofs of Debt Due Feb. 22 ------------------------------------------------------ Mariana Nadales, the court-appointed trustee for Viset Seguridad Integral SRL's bankruptcy proceedings, will be verifying creditors' proofs of claim until Feb. 22, 2012. Ms. Nadales will present the validated claims in court as individual reports. The National Commercial Court of First Instance No. 18 in Buenos Aires, with the assistance of Clerk No. 36, 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: Mariana Nadales Hipolito Yrigoyen 1349 Argentina * ARGENTINA: IDB OKs 300MM to Improve Transport Infrastructure -------------------------------------------------------------- The Inter-American Development Bank approved a US$300 million loan to finance the expansion, rehabilitation and improvement of roads in Argentina's Norte Grande region, connecting major production areas with local and foreign markets. The program aims to improve the accessibility, efficiency and safety on priority corridors of the National Road Network as well as feeder roads of the Provincial Road Network. Among the program's goals are to increase the Norte Grande's share of the country's total exports, reduce the number of road accident deaths, and cut travel times and vehicle operating costs. "With this operation, the IDB continues to support Argentina's efforts to close the development gap between the Norte Grande region and the rest of the country," said Fernando Orduz, IDB project team leader. The Norte Grande region comprises the provinces of Catamarca, Corrientes, Chaco, Formosa, Jujuy, Misiones, Tucuman, Salta and Santiago del Estero. It accounts for one third of the Argentine mainland and is home to approximately 8.3 million people, or 21 percent of the total population. The new program was preceded by the Norte Grande Road Infrastructure Program, which was supported by a US$1.2 billion IDB loan approved in February 2007. The US$300 million IDB loan is for a 25-year term, with a 5-year grace period and a variable interest rate based on LIBOR. Local counterpart financing will contribute US$33.5 million to the program. =========================== C A Y M A N I S L A N D S =========================== AMERICAN PEGASUS: U.S. Court Recognizes Cayman Islands Proceeding ----------------------------------------------------------------- The Hon. Thomas E. Carlson of the U.S. Bankruptcy Court for Northern District of California granted American Pegasus SPC recognition of foreign proceeding under Chapter 15 of the Bankruptcy Code. The Court also ordered that the Cayman Islands proceeding is granted recognition as a foreign main proceeding pursuant to Section 1517(b)(1) of the Bankruptcy Code. The Court further said that all relief afforded a foreign main proceeding automatically upon recognition pursuant to Section 1520 of the Bankruptcy Code is granted. Sections 361 and 362 of the Bankruptcy Code apply with respect to American Pegasus SPC and all of its property within the territorial jurisdiction of the United States. Joint Official Liquidators Stuart Sybersma and Michael Pearson are approved as foreign representatives of the Debtor. They will have exclusive authority to administer its assets and affairs including, without limitation, any transfer of or withdrawals from, or access to the records of, any bank accounts maintained by American Pegasus SPC. About American Pegasus SPC American Pegasus SPC filed for bankruptcy (Chapter 15 N.D. Calif. Case No. 11-34429) on Dec. 13, 2011. Bankruptcy Judge Thomas E. Carlson presides over the case. Joint Official Liquidators Stuart Sybersma and Michael Pearson, foreign representatives of American Pegasus SPC, estimated in the Chapter 15 petition that the company has assets of US$10,000,001 to US$50,000,000 and debts of US$100,000,001 to US$500,000,000. Randy Michelson, Esq., at Michelson Law Group represents Messrs. Sybersma and Pearson. CAC CAPITAL: Shareholders Receive Wind-Up Report ------------------------------------------------ The shareholders of CAC Capital Holdings General Partner Limited received on Jan. 26, 2012, the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Tony Tuo Zheng c/o Maples and Calder, Attorneys-at-law PO Box 309, Ugland House Grand Cayman KY1-1104 Cayman Islands CLINTON MULTISTRATEGY FUND: Shareholders Receive Wind-Up Report --------------------------------------------------------------- The shareholders of Clinton Multistrategy Fund, Ltd received on Jan. 19, 2012, the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: DMS Corporate Services Ltd. c/o Bernadette Bailey-Lewis Telephone: (345) 946 7665 Facsimile: (345) 946 7666 dms House, 2nd Floor P.O. Box 1344 Grand Cayman KY1-1108 Cayman Islands CLINTON MULTISTRATEGY MASTER: Shareholders Receive Wind-Up Report ----------------------------------------------------------------- The shareholders of Clinton Multistrategy Master Fund, Ltd. received on Jan. 19, 2012, the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: DMS Corporate Services Ltd. c/o Bernadette Bailey-Lewis Telephone: (345) 946 7665 Facsimile: (345) 946 7666 dms House, 2nd Floor P.O. Box 1344 Grand Cayman KY1-1108 Cayman Islands INVESTCORP WMG: Shareholders Receive Wind-Up Report --------------------------------------------------- The shareholders of Investcorp WMG Asia Fund Limited received on Jan. 20, 2012, the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Paget-Brown Trust Company Ltd. c/o Evania Ebanks Telephone: (345) 949 5122 Facsimile: (345) 949 7920 Boundary Hall, Cricket Square P.O. Box 1111 Grand Cayman KY1-1102 Cayman Islands INVESTCORP WMG MASTER: Shareholders Receive Wind-Up Report ---------------------------------------------------------- The shareholders of Investcorp WMG Asia Master Fund Limited received on Jan. 20, 2012, the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Paget-Brown Trust Company Ltd. c/o Evania Ebanks Telephone: (345) 949 5122 Facsimile: (345) 949 7920 Boundary Hall, Cricket Square P.O. Box 1111 Grand Cayman KY1-1102 Cayman Islands JEFFERIES FOUNDERS FUND: Shareholders Receive Wind-Up Report ------------------------------------------------------------ The shareholders of Jefferies Founders Fund (Cayman), Ltd. received on Jan. 21, 2012, the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: DMS Corporate Services Ltd. c/o Bernadette Bailey-Lewis Telephone: (345) 946 7665 Facsimile: (345) 946 7666 dms House, 2nd Floor P.O. Box 1344 Grand Cayman KY1-1108 Cayman Islands JEFFERIES FOUNDERS MASTER: Shareholders Receive Wind-Up Report -------------------------------------------------------------- The shareholders of Jefferies Founders Master Fund, Ltd. received on Jan. 21, 2012, the liquidator's report on the company's wind- up proceedings and property disposal. The company's liquidator is: DMS Corporate Services Ltd. c/o Bernadette Bailey-Lewis Telephone: (345) 946 7665 Facsimile: (345) 946 7666 dms House, 2nd Floor P.O. Box 1344 Grand Cayman KY1-1108 Cayman Islands MORAY COMPANY: Shareholder Receives Wind-Up Report -------------------------------------------------- The shareholder of Moray Company Limited received on Jan. 10, 2012, the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Lion International Management Limited Craigmuir Chambers P.O. Box 71, Road Town Tortola VG1110 British Virgin Islands TECHINSPIRATIONS INC: Shareholder Receives Wind-Up Report --------------------------------------------------------- The shareholder of Techinspirations Inc (Cayman) received on Jan. 17, 2012, the liquidator's report on the company's wind-up proceedings and property disposal. The company's liquidator is: Commerce Corporate Services Limited Telephone: 949 8666 Facsimile: 949 0626 PO Box 694 Grand Cayman Cayman Islands =================================== D O M I N I C A N R E P U B L I C =================================== * DOMINICAN REPUBLIC: IDB OKs US$130.0 Million Loan for Project --------------------------------------------------------------- Dominican Today reports that the Associated Press said the Inter-American Development Bank approved a US$130.0 million loan to the Dominican company, Vias Concesionadas, to finance the reconstruction, construction, operation and maintenance of a linked network of toll roads known as Viadom. The loan will help finance the reconstruction of 199 kilometers of highways, as well as the construction of 68 additional kilometers, said the IDB in a statement obtained by Dominican Today. The report notes that Viadom link Santo Domingo with Santiago and the Puerto Plata resort region, and the operation also includes the construction of a by-pass highway in Santiago and an access road to connect Santo Domingo with the southern cities of San Cristobal and Bani. Dominican Today discloses that the project is expected to reduce the time it takes from Santo Domingo to Santiago and between Santo Domingo and Puerto Plata. =========== M E X I C O =========== INDUSTRIAS UNIDAS: Owner Makes Required US$13.8MM Contribution -------------------------------------------------------------- Industrias Unidas, S.A. de C.V. confirms that Carlos Peralta, the controlling equity owner of the Company, has made the US$13,888,000 in required cash equity contributions to date. Pursuant to the terms of the Company's indenture, the next cash equity contribution of US$5,555,000 is required to be made on March 7, 2012, and Mr. Peralta intends to make the equity contribution called for on that date. The next interest payment on IUSA's Series A and Series B Notes is expected to be made in cash on Feb. 15, 2012 as provided in the indenture. In addition, after discussions with certain Series A Noteholders, the Company would like to clarify its intentions with respect to the use of proceeds from any future sale of its U.S. assets. The Company will apply 100% of the net proceeds of any future material sale of its U.S. assets exclusively to redeem or repurchase Series A Notes or to acquire additional U.S. assets in accordance with the terms of the indenture. About Industrias Unidas Industrias Unidas is a Mexican diversified industrial group, manufacturing a wide range of copper-based and electrical products for the housing and electrical power sectors mainly in Mexico and the U.S. As of September 2009, last twelve month revenues were about US$1.3 billion. * * * As of November 22, 2010, the company continues to carry Moody's "Caa3" long-term rating. VITRO SAB: Court Orders Conversion of VAC Cases to Chapter 7 ------------------------------------------------------------ The U.S. Bankruptcy Court for the Northern District of Texas has granted the motion of William T. Neary, U.S. Trustee for Region 6, for the conversion of Former Alleged Debtors Mukki LLC f/k/a Vitro America, LLC (Case No. 11-32602), Tayo Inc f/k/a Super Sky Products, Inc. (Case No. 11-32604), BarleySammy Inc. f/k/a Super Sky International (Case No. 11-32605), VVP Finance Corporation (Case No. 11-32611), VVP Funding Corporation (Case No. 11-33161), and VVP Holdings, LLC (Case No. 11-32606), to Chapter 7 effective Jan. 20, 2012. The Court also ordered that after conversion, the cases listed above are no longer to be jointly administered under Vitro Asset Corp. Case No. 11-32600, but will be jointly administered under Case No. 11-32602 for procedural purposes only, with any proofs of claim filed in the proper member case. As reported in the Troubled Company Reporter on Jan. 4, 2012, William T. Neary, United States Trustee for Region 6, asked the Bankruptcy Court to convert the Chapter 11 cases of the Former Alleged Debtors to Chapter 7. In support of his motion, the United States Trustee stated that: 1. The Debtors no longer generate any revenue because they have sold substantially all of their assets to American Glass Enterprises, LLC. 2. Without revenue, the Debtors cannot reorganize. 3. The Debtors have accrued US$5,070,962 in postpetition liabilities, which diminishes estate assets. These postpetition liabilities include over half a million in unpaid professional fees, which will continue to accrue so long as this case remains in chapter 11. 4. The cases could be more efficiently liquidated by a Chapter 7 trustee. About Vitro SAB Headquartered in Monterrey, Mexico, Vitro, S.A.B. de C.V. (BMV: VITROA; NYSE: VTO), through its two subsidiaries, Vitro Envases Norteamerica, SA de C.V. and Vimexico, S.A. de C.V., is a global glass producer, serving the construction and automotive glass markets and glass containers needs of the food, beverage, wine, liquor, cosmetics and pharmaceutical industries. Vitro is the largest manufacturer of glass containers and flat glass in Mexico, with consolidated net sales in 2009 of MXN23,991 million (US$1.837 billion). Vitro defaulted on its debt in 2009, and sought to restructure around US$1.5 billion in debt, including US$1.2 billion in notes. Vitro launched an offer to buy back or swap US$1.2 billion in debt from bondholders. The tender offer would be consummated with a bankruptcy filing in Mexico and Chapter 15 filing in the United States. Vitro said noteholders would recover as much as 73% by exchanging existing debt for cash, new debt or convertible bonds. Concurso Mercantil & Chapter 15 Proceedings Vitro SAB on Dec. 13, 2010, filed its voluntary petition for a pre-packaged Concurso Plan in the Federal District Court for Civil and Labor Matters for the State of Nuevo Leon, commencing its voluntary concurso mercantil proceedings -- the Mexican equivalent of a prepackaged Chapter 11 reorganization. Vitro SAB also commenced parallel proceedings under Chapter 15 of the U.S. Bankruptcy Code (Bankr. S.D.N.Y. Case No. 10-16619) in Manhattan on Dec. 13, 2010, to seek U.S. recognition and deference to its bankruptcy proceedings in Mexico. Early in January 2011, the Mexican Court dismissed the Concurso Mercantil proceedings. The judge said Vitro couldn't push through a plan to buy back or swap US$1.2 billion in debt from bondholders based on the vote of US$1.9 billion of intercompany debt when third-party creditors were opposed. Vitro as a result dismissed the first Chapter 15 petition following the ruling by the Mexican court. On April 12, 2011, an appellate court in Mexico reinstated the reorganization. Accordingly, Vitro SAB on April 14 re-filed a petition for recognition of its Mexican reorganization in U.S. Bankruptcy Court in Manhattan (Bankr. S.D.N.Y. Case No. 11- 11754). The Vitro parent told the Mexico stock exchange that it received sufficient acceptances of its reorganization pending in a court in Monterrey. The approval vote was evidently obtained using claims of affiliates. The bondholders are opposing the Mexican reorganization plan because shareholders could retain ownership while bondholders aren't being paid in full. Bondholders previously cited an "independent analyst" who estimated the Mexican plan was worth 49% to 54% of creditors' claims. In the present Chapter 15 case, the Debtor seeks to block any creditor suits in the U.S. pending the reorganization in Mexico. Chapter 11 Proceedings A group of noteholders opposed the exchange -- namely Knighthead Master Fund, L.P., Lord Abbett Bond-Debenture Fund, Inc., Davidson Kempner Distressed Opportunities Fund LP, and Brookville Horizons Fund, L.P. Together, they held US$75 million, or approximately 6% of the outstanding bond debt. The Noteholder group commenced involuntary bankruptcy cases under Chapter 11 of the U.S. Bankruptcy Code against Vitro Asset Corp. (Bankr. N.D. Tex. Case No. 10-47470) and 15 other affiliates on Nov. 17, 2010. Vitro engaged Susman Godfrey, L.L.P. as U.S. special litigation counsel to analyze the potential rights that Vitro may exercise in the United States against the ad hoc group of dissident bondholders and its advisors. A larger group of noteholders, known as the Ad Hoc Group of Vitro Noteholders -- comprised of holders, or investment advisors to holders, which represent approximately US$650 million of the Senior Notes due 2012, 2013 and 2017 issued by Vitro -- was not among the Chapter 11 petitioners, although the group has expressed concerns over the exchange offer. The group says the exchange offer exposes Noteholders who consent to potential adverse consequences that have not been disclosed by Vitro. The group is represented by John Cunningham, Esq., and Richard Kebrdle, Esq. at White & Case LLP. The U.S. affiliates subject to the involuntary petitions are Vitro Chemicals, Fibers & Mining, LLC (Bankr. N.D. Tex. Case No.10-47472); Vitro America, LLC (Bankr. N.D. Tex. Case No. 10- 47473); Troper Services, Inc. (Bankr. N.D. Tex. Case No. 10- 47474); Super Sky Products, Inc. (Bankr. N.D. Tex. Case No. 10- 47475); Super Sky International, Inc. (Bankr. N.D. Tex. Case No. 10-47476); VVP Holdings, LLC (Bankr. N.D. Tex. Case No. 0-47477); Amsilco Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47478); B.B.O. Holdings, Inc. (Bankr. N.D. Tex. Case No. 10-47479); Binswanger Glass Company (Bankr. N.D. Tex. Case No. 10-47480); Crisa Corporation (Bankr. N.D. Tex. Case No. 10-47481); VVP Finance Corporation (Bankr. N.D. Tex. Case No. 10-47482); VVP Auto Glass, Inc. (Bankr. N.D. Tex. Case No. 10-47483); V-MX Holdings, LLC (Bankr. N.D. Tex. Case No. 10-47484); and Vitro Packaging, LLC (Bankr. N.D. Tex. Case No. 10-47485). A bankruptcy judge in Fort Worth, Texas, denied involuntary Chapter 11 petitions filed against four U.S. subsidiaries. On April 6, 2011, Vitro SAB agreed to put Vitro units -- Vitro America LLC and three other U.S. subsidiaries -- that were subject to the involuntary petitions into voluntary Chapter 11. The Texas Court on April 21 denied involuntary petitions against the eight U.S. subsidiaries that didn't consent to being in Chapter 11. Kurtzman Carson Consultants is the claims and notice agent to Vitro America, et al. Alvarez & Marsal North America LLC, is the Debtors' operations and financial advisor. The official committee of unsecured creditors appointed in the Chapter 11 cases of Vitro America, et al., has selected Sarah Link Schultz, Esq., at Akin Gump Strauss Hauer & Feld LLP, in Dallas, Texas, and Michael S. Stamer, Esq., Abid Qureshi, Esq., and Alexis Freeman, Esq., at Akin Gump Strauss Hauer & Feld LLP, in New York, as counsel. Blackstone Advisory Partners L.P. serves as financial advisor to the Committee. The U.S. Vitro companies sold their assets to American Glass Enterprises LLC, an affiliate of Sun Capital Partners Inc., for US$55 million. ===================== P U E R T O R I C O ===================== FERRETERIA Y AGROCENTRO: Case Summary & Largest Unsec. Creditors ---------------------------------------------------------------- Debtor: Ferreteria Y Agrocentro El Siete, Inc. RR-3 Box 10168 Toa Alta, PR 00953 Bankruptcy Case No.: 12-00756 Chapter 11 Petition Date: February 1, 2012 Court: United States Bankruptcy Court District of Puerto Rico (Old San Juan) Debtor's Counsel: Victor Gratacos Diaz, Esq. VICTOR GRATACOS-DIAZ LEGAL OFFICE P.O. Box 7571 Caguas, PR 00726 Tel: (787) 746-4772 E-mail: bankruptcy@gratacoslaw.com Scheduled Assets: US$1,803,800 Scheduled Debts: US$1,921,486 A list of the Company's 20 largest unsecured creditors filed together with the petition is available for free at http://bankrupt.com/misc/prb12-00756.pdf The petition was signed by Jose L. Rodriguez Cruz, president. *********** 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, Ivy B. Magdadaro, Frauline S. Abangan, and Peter A. Chapman, Editors. Copyright 2012. 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 Peter Chapman at 240/629-3300. * * * End of Transmission * * *