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Plan of Rehabilitation Questions & Answers > Rehabilitation > When will the Court consider Confirmation of the Plan?

The following questions and answers are provided to the general public for informational purposes only. They are not legal documents and do not bind the Segregated Account of Ambac Assurance Corporation, the Office of the Commissioner of Insurance, or the Rehabilitator to any position or interpretation of the rehabilitation court's orders in these proceedings, now or in the future. Interested parties should review the court documents available on this site and consult their own legal counsel with any questions they may have regarding any effect this rehabilitation proceeding may have on their legal rights and obligations.

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The court hearing on confirmation of the Plan will resume Nov. 30. After that hearing, the court will decide whether to confirm the Plan. If the Plan is confirmed, and certain other conditions of the Plan are met, the Rehabilitator and Ambac can begin distributing cash and surplus notes to the holders of valid policy claims.

Last updated on November 23, 2010 by Ambac Policyholders Administrator