Latest News 2011 October Ambac Files New Bankruptcy Plan

Ambac Files New Bankruptcy Plan

Ambac Financial Group Inc has reportedly filed a new bankruptcy plan as the regulator in the matter has approved it. According to reports, the company may now be able to avert liquidation. The new reorganization plan has reportedly followed an agreement with Wisconsin's insurance commissioner to resolve tax and other disputes. Without approval of this plan, liquidation could be a possible result.    

It's never easy to file for bankruptcy, but it doesn't have to be the end for anyone because you do have options that can help you through this financial strain. Bankruptcy is a complicated process that needs to be handled carefully so that you can resolve this matter quickly and begin to move forward with your life again. You should not feel bad about filing for bankruptcy, but you should go about it in the right way so that you settle this matter.

With the help of a bankruptcy lawyer, you will be able to choose the method of filing that works best for your situation. A bankruptcy attorney will know the steps you need to take and how to protect your rights through this difficult process. Contact a bankruptcy lawyer today to begin discussing the details of your case and moving forward with your life as quickly as possible with the best possible outcome as the result.