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Ambac Given Until December to Solicit Votes on Reorganization Plan
BCSI reports on latest events arising in the chapter 11 cases commenced by Ambac Financial Group Inc.
The Company is expected to hold more negotiation talks with objections parties to the plan within the extension period.
The Company has also filed its financial results for the second quarter ended June 2011, reporting a net loss of $102 million.
Details on the quarter financial results and the solicitation period extension, as well as other stories, are available at AMBAC BANKRUPTCY NEWS, Issue No. 28, published by Bankruptcy Creditors' Service, Inc.
The 16-page newsletter contains stories with these headlines:
 COURT GIVES AFG MORE TIME TO SOLICIT VOTES ON CH. 11 PLAN
 AMBAC FINANCIAL RELEASES SECOND QUARTER 2011 RESULTS
 AFG OBTAINS COURT APPROVAL OF $27MM SECURITIES SETTLEMENT
 DEBTOR'S OBJECTION TO NY FINANCE DEPT.'S $116-MIL. CLAIM
 DEBTOR'S OBJECTION TO IRS'S $1.64 BILLION CLAIMS
 AFG'S D&O CLAIMS BAR DATE EXTENDED TO SEPTEMBER 30
 DEBTOR'S 1ST TO 16TH OMNIBUS OBJECTIONS TO CLAIMS
 DEBTOR'S APPLICATION TO TAP BUTTNER HAMMOCK AS CONSULTANT
 COMMITTEE'S APPLICATION TO RETAIN WHYTE HIRSCHBOECK
 J. MORROS' LETTER REGARDING DISALLOWANCE OF $2,500 CLAIM
 AMBAC ASSURANCE RELEASES 1ST QUARTER 2011 RESULTS
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AMBAC BANKRUPTCY NEWS tracks the restructuring of Ambac Financial Group Inc.
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