Ambac Seeks Court Approval of Plan Solicitation Procedures

July 14, 2011 - PRLog -- FAIRLESS HILLS, Pa. -- Ambac Financial Group is seeking bankruptcy court approval of the adequacy of the disclosure statement explaining its plan of reorganization.

The company is also seeking approval of uniform procedures to be implemented in the solicitation of plan votes.

Hearing on the matter is scheduled for August 12.

Details on the latest development of Ambac's bankruptcy case are available at AMBAC BANKRUPTCY NEWS, Issue No. 25, published by Bankruptcy Creditors' Service, Inc.

The 7-page newsletter contains stories with these headlines:

[00208] DEBTOR'S MOTION TO APPROVE DISCLOSURE STATEMENT
[00209] DEBTOR'S MOTION TO APPROVE PLAN SOLICITATION PROCEDURES
[00210] DEBTOR'S MOTION TO TAP KURTZMAN CARSON AS VOTING AGENT
[00211] AFG SEEKS APPROVAL OF $27.1-MIL. SECURITIES SETTLEMENT

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 at https://ecommerce.bankrupt.com/bin/ibl_re?subco_name=AMBAC