Ambac Financial Group, Inc.


  • Pre-filing annual sales: $5,305 (millions of current dollars)
  • Pre-filing assets: $25,619 (millions of current dollars)
  • Pre-filing number of employees: 293
  • Sub-industry: 63 Insurance Carriers
  • Place of incorporation: DE
  • Court for city of headquarters: NY New York
  • In business at filing? emerged

Bankruptcy case

  • Chapter at filing: Chapter 11
  • Who filed case? debtors
  • Debtor's lead attorney: Dewey LeBoeuf
  • Date of filing: November 8, 2010
  • Judge at filing: Shelley C. Chapman
  • Court district of filing: NY SD
  • Court city of filing: New York
  • Case number: 10-15973
  • Cause of bankruptcy: Not tort
  • Forum shop? Filed at headquarters

  • Case transferred? no
  • Destination court of transfer: not applicable
  • Creditors committee appointed? yes
  • ยง363 sale: no 363 sale
  • Dip loan final approval? no
  • Plan type: prenegotiated

  • Disposition status: confirmed
  • Date of disposition: March 14, 2012
  • Judge at disposition: Shelley C. Chapman
  • Days from filing to disposition: 492

After the case

  • Did firm emerge? Company emerged
  • Did firm refile? emerged 5 years, did not refile

The BRD has been supported by grants from these organizations:

National Conference of Bankruptcy Judges

Turnaround Management Association

American Bankruptcy Institute

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