As if the list is not long enough, Thursday and Friday saw more subprime casualties. Late Thursday, Atlanta-based subprime lender HomeBancfiled for bankruptcy protection. The company filed a Chapter 11 petition in the U.S. Bankruptcy Court in Delaware.
The filing said that the firm has projected assets and liabilities of more than $100 million each. The filing also said that the creditors holding unsecured claims against HomeBanc included JPMorgan Chase, Bear Stearns and BNP Paribas.