Closing in on the one-year anniversary of its bankruptcy filing, Ambac Financial Group has filed a new reorganization plan that all parties involved have agreed on.

Ambac Financial said those parties include its bond insurer subsidiary Ambac Assurance Corp., the segregated account established for its most toxic policies, the Wisconsin commissioner of insurance, the rehabilitator of the segregated account, and the committee of unsecured creditors. At the center of the negotiations was how to allocate tax benefits related to $7 billion in net operating losses and other resources.

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