Pursuits
Syms, Filene’s Basement Seek to Liquidate in Bankruptcy
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Syms Corp. and its Filene’s Basement LLC affiliate filed for bankruptcy in Delaware, the third time Filene’s, the century-old clothing chain, has sought protection from creditors.
The company listed assets of $236 million, including $97.7 million in real estate inventories, and liabilities of $94 million, according to a statement filed with the Chapter 11 petition today in U.S. Bankruptcy Court in Wilmington.