WSJcomBankruptcyBeat

This week on The Broke and the Beautiful, we’ve got more details on Lenny Dykstra’s upcoming biopic, and investors in ex-teammate Curt Schilling’s 38 Studios see some love in Rhode Island’s budget.  Also, a bankruptcy trustee is asking a judge to hold Joe Francis in contempt of court.

After reaching an agreement with unsecured creditors, Fisker Automotive Inc. will move forward with its bankruptcy-exit plan on Monday, when it will ask the court to approve the plain-language outline of that plan.

The agreement with creditors, reached earlier this week on the terms of a cash-sharing plan, headed off the threat of a major clash during the hearing. An approval from Judge Kevin Gross of the U.S Bankruptcy Court in Wilmington, Del., would allow Fisker to begin soliciting votes on the plan from creditors ahead of requesting final exit-plan approval.

Craig Solomon Ganz has joined Ballard Spahr LLP from Gallagher & Kennedy. Mr. Ganz, a partner with the law firm, focuses on corporate restructuring and complex commercial litigation. He’s represented creditors, debtors and creditors’ committees. Mr. Ganz is a member of the American Bankruptcy Institute and the Turnaround Management Association.

Milwaukee’s YMCA filed for Chapter 11 bankruptcy protection in the face of declining membership and contributions, pledging that its camps and other programs will continue during its restructuring.