NEW YORK - Ambassador Media Group LLC on April 6 filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Southern District of New York, citing debts more than $10.3 million and assets of only $4.59 million (In Re: Ambassador Media Group LLC d/b/a Ambassador Yellow Pages, No. 12-11445, Chapter 7, S.D. N.Y. Bkcy.). Subscribers may view the petition within the full update.