Ambac Financial Articles

Ambac Financial

Ambac Sues U.S. Over $700 Million in Tax Returns

Ambac Financial Group, which Monday declared bankruptcy, is suing the U.S. for attempting to seize $700 million in tax refunds. The bond insurer warns that seizing the refunds could ruin its chances of reorganizing.

Another Housing Crisis Casualty: Ambac Financial Files for Bankruptcy

Bond insurer Ambac Financial Group has filed for Chapter 11 bankruptcy after failing to raise more capital. The company has suffered from the collapse of the housing market and earlier this month warned that bankruptcy might be coming.