Subprime Lender Warns Of Possible Bankruptcy

Law360, New York (August 3, 2007, 12:00 AM EDT) -- Accredited Home Lenders Holding Co. may join the horde of subprime lenders that have sought bankruptcy protection because of deteriorating conditions in the non-prime market, according to the company's latest 10-K filing with the U.S. Securities and Exchange Commission.

The 10-K that Accredited Home Lenders filed on Thursday notes that as of mid-June, more than 50 non-prime mortgage lenders had failed and many others faced serious financial challenges, and says that Accredited Home Lenders cannot be sure that it will continue to operate as a going...
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