Foreclosure-Oriented Law Firm Closes Doors In LA

ORLANDO, FL (AP) — One of the nation's largest foreclosure banking law firms has closed its doors.

         Officials on Monday said that Orlando-based Butler & Hosch had filed for what's called "an assignment for the benefit of creditors" and stopped operating last week. The filing is similar to a bankruptcy filing.

         Besides Florida, the law firm had offices in Georgia, Maryland, Mississippi, North Carolina and Baton Rouge, Louisiana.

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         The firm focused on foreclosures, bankruptcies and title disputes. It employed 700 attorneys and staffers.

         The law firm was handling up to 60,000 foreclosure cases nationwide when it closed.

         The firm's senior partner, Bob Hosch, said in a statement that the firm had grown too rapidly through acquisitions.

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