AMBAC Bankruptcy News, Issue No. 3

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

(EMAILWIRE.COM, November 17, 2010 ) FAIRLESS HILLS, Pa. -- Bankruptcy Creditors' Service, Inc., published Issue No. 3 of AMBAC BANKRUPTCY NEWS today. The 9-page newsletter contains stories with these headlines:

[00025] WISCONSIN COURT COMMENCES HEARING ON ACC REHAB PLAN
[00026] DEBTOR'S MOTION TO USE EXISTING CASH MANAGEMENT SYSTEM
[00027] DEBTOR'S MOTION TO MAINTAIN EXISTING BANK ACCOUNTS
[00028] DEBTOR'S MOTION TO EXTEND TIME TO COMPLY WITH SEC. 345
[00029] DEBTOR'S MOTION TO CONTINUE INTERCOMPANY TRANSACTIONS
[00030] AMBAC GIVES $100,000 AS BONUS TO SENIOR VICE PRESIDENT
[00031] S&P DOWNGRADES AMBAC RATING TO 'D' FOLLOWING BANKRUPTCY
[00032] S&P: FOUR CORP SECURITIZATIONS UNAFFECTED BY AMBAC BANKR.
[00033] NYSE SUSPENDS SYNTHETIC CERTIFICATES DUE TO AMBAC BANKR.
[00034] 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