Ambac Financial Group Inc (AMBC)

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Secured claims will be repaid in full and general unsecured claims will get an 8.5 percent to 13.2 percent recovery, according to the disclosure statement, which sets the reorganization’s terms. Senior notes would get an 11.4 percent to 17.6 percent recovery. The plan still requires court approval, and Ambac seeks a hearing Dec. 8 to have it confirmed.