People

LightSquared Inc.’s recently overhauled restructuring plan, which faces objections from certain creditors, is currently the best option on the table, say the wireless venture’s independent directors. Read the Daily Bankruptcy Review article via The Wall Street Journal.

To expand its municipal restructuring practice, FTI Consulting Inc. is turning to someone with firsthand experience: Marianna Marysheva-Martinez, who shepherded the small town of Mammoth Lakes, Calif., through its 2012 bankruptcy.

A recent bankruptcy-court decision in favor of Michigan’s state housing authority’s decision to terminate a swaps deal with Lehman Brothers Holdings Inc.

This week on The Broke and the Beautiful, Rhode Island’s governor blasts Curt Schilling’s 38 Studios and Taylor Swift helps out the Nashville Symphony. Also, another N-Dubz member is in financial trouble.