Thursday, March 3, 2011

Ambac Gets Plan Filing Exclusivity thru July

FAIRLESS HILLS, Pa. -- Bankruptcy Judge Shelley Chapman for the Southern District of New York has given Ambac Financial Group Inc. plan filing exclusivity through July this year.

More news on Ambac's bankruptcy, including updates Ambac's complaint against the IRS and details on Ambac Assurance's 2010 financial results, now in AMBAC BANKRUPTCY NEWS, Issue No. 14.

The newsletter contains these headlines:

[00136] DEBTOR'S 1ST MOTION TO EXTEND EXCLUSIVE PERIODS
[00137] ADVERSARY PROCEEDING -- Ambac Financial Group vs. IRS
[00138] ADVERSARY PROCEEDING -- AFG vs. Karthikeyan Veera
[00139] DEBTOR'S MOTION TO FIX MARCH 2 AS CLAIMS BAR DATE
[00140] DEBTOR'S MOTION TO EMPLOY ORDINARY COURSE PROFESSIONALS
[00141] BANKRUPTCY PROFESSIONALS FILE FEE APPLICATIONS
[00142] AMBAC ASSURANCE RELEASES FULL YEAR 2010 RESULTS
[00143] MONTHLY OPERATING REPORT -- Ended January 31, 2011


A copy of the 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.

To continue receiving AMBAC BANKRUPTCY NEWS, please complete and submit the subscription form available here.



No comments:

Post a Comment