BridgeSpan Inc., Frisco, Texas, has announced that the San Jose Division of the U.S. Bankruptcy Court for the Northern District of California has approved bidding procedures for the company's sale of assets.In an Order Establishing Bidding Procedures, Authorizing Termination Fee and Setting Dates, Deadlines for Hearing on Chapter 11 Plan Disclosure Statement, the court set April 14 as the deadline for submitting alternative proposals for the stock of BridgeSpan or its assets. Prospective bidders may receive a copy of the order and additional information by contacting Penn Ayers Butler of Brooks & Raub, the company's reorganization counsel, at PButler@reorglaw.com. BridgeSpan and BridgeSpan Title filed Chapter 11 petitions in January.
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