Syms Corp. on Friday received a judge's approval to distribute its revamped chapter 11 plan to creditors for a vote, Dow Jones DBR Small Cap. Bankruptcy Judge Kevin J. Carey said that he would sign off on the defunct discount retailer's disclosure statement. The company's plan is to reorganize around its valuable real estate assets, raise $25 million through a rights offering and repay most of its debts in full, thanks to a deal with creditors and equity holders of both Syms and subsidiary Filene's Basement LLC.
