BridgeSpan Extends Asset Bid Deadline

BridgeSpan Inc., Frisco, Texas, has announced an extension to Feb. 27 of the deadline for submitting written proposals for the purchase of its assets.The company said it extended the deadline in response to requests from several prospective bidders. BridgeSpan and its subsidiary, BridgeSpan Title Co., filed petitions on Jan. 26 with the U.S. Bankruptcy Court for the Northern District of California, San Jose Division, for Chapter 11 bankruptcy protection. BridgeSpan and BST are soliciting proposals for the purchase of their respective assets either in whole or in part. BST has assets to sell, but the stock of BST is itself an asset of the BridgeSpan bankruptcy estate. BST is licensed to issue title insurance in California, so approval by the California Department of Insurance will be required regarding bids for the stock of BST, as well as approval by the bankruptcy court, BridgeSpan said. BridgeSpan can be found online at http://www.bridgespan.com/lf.html.