Prommis Holdings LLC, which provides processing services for defaults and foreclosures in the residential mortgage industry, sought chapter 11 protection from creditors yesterday, Bloomberg News reported. The Atlanta-based company listed debt of more than $50 million and assets of as much as $50 million in chapter 11 documents filed yesterday. Ten affiliates also filed for bankruptcy. The company said in the filing that it plans to sell virtually all its assets in a court-supervised auction. No terms were disclosed. The case is In re Prommis Holdings LLC, 13-10551, U.S. Bankruptcy Court, District of Delaware (Wilmington).
