People’s Choice of Irvine, CA filed bankruptcy. You can read about it at the following places:
From the OC Register:
The subprime implosion continued today as People’s Choice Home Loan in Irvine became the second Orange County subprime lender to file for bankruptcy. The company filed Chapter 11 bankruptcy papers in federal court in Santa Ana today. Wire services reported that the company listed more than $100 million in assets and liabilities. The company’s website said it has 1,150 employees nationwide.
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