Wholesale Lender Quality Home Loans Enters Ch. 11

Law360, New York (August 22, 2007, 12:00 AM EDT) -- The faltering housing market has claimed yet another victim, with California-based subprime lender Quality Home Loans Corp. filing for Chapter 11 protection on Tuesday.

QHL filed its voluntary petition in the U.S. Bankruptcy Court for the Central District of California along with three subsidiaries, California TD Investments LLC, Golden State TD Investments LLC and QHL Holdings Fund Ten LLC. The company listed assets of between $1,000,001 and $100 million and debts of over $100 million.

The Agoura Hills, Calif.-based company, which also does business under the...
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