Burt Reynolds is getting reorganized - financially speaking - to end his bankruptcy.
Reynolds' creditors "still have some terms that we're arguing over but we're substantially in agreement" on his plan of reorganization, according to their lawyer, Bob Gilbert.The plan now goes before a U.S. Bankruptcy judge for approval at a hearing tentatively set for October in West Palm Beach, Fla.
Reynolds declared more than $10 million in debts when he filed for Chapter 11 protection in 1996.
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In the proposed plan, creditors would get up to $500,000 of Reynolds' future earnings over two years, Leshaw said.