Closely held Woodside will put the company and more than 200 affiliates into court protection by Sept. 16, according to an agreement with noteholders and JPMorgan filed Wednesday with the U.S. Bankruptcy Court in Riverside, Calif.

Noteholders John Hancock Life Insurance Co., AXA Equitable Life Insurance Co., Metropolitan Life Insurance Co., New York Life Insurance Co. and Security Life of Denver Insurance Co. filed to force Woodside into bankruptcy on Aug. 20, saying it defaulted on more than $400 million in debt. New York-based JPMorgan joined the request, saying it was agent for a group of banks owed another $330 million on a defaulted loan.

Jeremy Richards, the attorney from Pachulski Stang Ziehl & Jones representing Woodside, and company spokeswoman Jennifer Mercer didn't immediately return calls seeking comment.

Woodside will join affiliates Woodside AMR 107 Inc. and Woodside Portofino Inc., which filed for bankruptcy in March. The company builds homes in Utah, Arizona, California, Nevada, Minnesota, Texas, Florida and the suburbs of Washington, D.C. Nevada and California ranked first and second in foreclosure rates for June.

Homebuilders including Carl Icahn's WCI Communities Inc., Tousa Inc., Kimball Hill Inc., Levitt & Sons LLC, Kara Homes Inc. and Neumann Homes Inc. preceded Woodside in seeking bankruptcy protection.