The parent company of Engle Homes, a top builder in the Valley, has filed for bankruptcy protection, citing the dramatic acceleration of the housing downturn in recent months.

Florida-based TOUSA Inc., also called Technical Olympic USA, said it received support from more than half of its senior creditors on a proposed plan to restructure its equity and debt through Chapter 11.

“There should not be any interruption in the construction of homes and our customers should not be affected,” company President Antonio Mon said in a statement.

Engle Homes, one of the company’s brands, ranked No. 8 in a recent list of the top 20 Valley builders, selling 1,320 homes in 2007, according to RL Brown Housing Reports. Engle has communities in Maricopa, Queen Creek, Gilbert and areas of the West Valley, including Vistancia and Verrado.

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