AMBAC Bankruptcy News, Issue No. 2

BCSI reports on latest events arising in the chapter 11 cases commenced by Ambac Financial Group Inc.

(EMAILWIRE.COM, November 12, 2010 ) FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 2 of AMBAC BANKRUPTCY NEWS today. The 19-page newsletter contains stories with these headlines:

[00016] ADVERSARY PROCEEDING -- Ambac Financial Group vs. IRS
[00017] DEBTOR'S MOTION FOR STOCK/CLAIMS TRADING PROCEDURES
[00018] DEBTOR'S MOTION TO EXTEND SCHEDULES FILING DEADLINE
[00019] DEBTOR'S APPLICATION TO EMPLOY KURTZMAN AS CLAIMS AGENT
[00020] AMBAC BANKRUPTCY FILING TRIGGERS PAYMENT OBLIGATIONS
[00021] AMBAC BANKRUPTY A CREDIT EVENT, ISDA COMMITTEE SAYS
[00022] AMBAC STOCK DELISTED BY NYSE, TRADES ON OTC MARKET
[00023] AMBAC PROVIDES UPDATES ON ACC'S REHABILITATION PROCEEDING
[00024] AMBAC RELEASES THIRD QUARTER 2010 RESULTS

A copy of today's newsletter can be purchased on-line with a major credit card at https://ecommerce.bankrupt.com/bin/ibl_re?co_name=AMBAC for $45. Copies of all back issues are also available for purchase at BCSI's on-line newsstand.

AMBAC BANKRUPTCY NEWS tracks the restructuring of AMBAC Financial Group Inc.

How to Subscribe to AMBAC BANKRUPTCY NEWS

AMBAC BANKRUPTCY NEWS is distributed to paying subscribers by electronic mail. New issues are published on an ad hoc basis as significant activity occurs (generally every 10 to 20 days) in the Debtors' cases. The subscription rate is $45 per issue. Newsletters are delivered via e-mail; invoices, transmitted following publication of each newsletter issue, arrive by fax. Distribution to multiple individuals at the same firm is provided at no additional charge; folks outside of your firm should set-up and pay for their own subscriptions. Subscriptions may be canceled at any time without further obligation.

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Company: Bankruptcy Creditors' Services, Inc.
Contact: Peter A. Chapman
Phone: 2159457000
Email: peter[@]bankrupt.com