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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In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
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Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
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The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
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The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
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Equity is entitled to a little over $70,000 worth of damages.
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Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27