Syms Brings Creditors, Equity Together On Ch. 11 Plan
At a hearing in Wilmington, Del., U.S. Bankruptcy Judge Kevin J. Carey approved the disclosure statement explaining the plan, which reorganizes Syms as a real estate holding company and promises to pay back most of the approximately $110 million owed to creditors.
Two committees representing minority shareholders and unsecured creditors...
To view the full article, register now.