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Ambac files for Chapter 11
- Source :
- The Wall Street Journal Eastern Edition. Nov 9, 2010, pC1, 1 p.
- Publication Year :
- 2010
-
Abstract
- Ambac Financial Group Inc. received over $700 million in tax refunds, a move that gained the scrutiny of the United States Internal Revenue Service, which questioned the accounting used. Now, Ambac is filing for Chapter 11 bankruptcy in the face of possible IRS efforts to have the refunds returned and pressure from creditors.
- Subjects :
- United States. Internal Revenue Service -- Investigations
AMBAC Financial Group Inc. -- Remodeling and renovation
AMBAC Financial Group Inc. -- Finance
AMBAC Financial Group Inc. -- Accounting and auditing
AMBAC Financial Group Inc. -- Taxation
Insurance industry -- Remodeling and renovation
Insurance industry -- Finance
Insurance industry -- Accounting and auditing
Insurance industry -- Taxation
Bankruptcy reorganizations -- Management
Administrative agencies -- Investigations
Tax refunds -- Investigations
Insurance industry
Company bankruptcy
Company legal issue
Company financing
Company business management
News, opinion and commentary
Subjects
Details
- Language :
- English
- ISSN :
- 00999660
- Database :
- Gale General OneFile
- Journal :
- The Wall Street Journal Eastern Edition
- Publication Type :
- News
- Accession number :
- edsgcl.241642056