Sambo’s reorganization plan was approved.

The reorganization plan, approved by a U.S. bankruptcy court, proposes to complete the liquidation of Sambo’s Restaurants, which has been operating under bankruptcy court protection since 1981. Sambo’s closed hundreds of outlets before and during its bankruptcy filing and, in 1984, sold 175 outlets to Vicorp Restaurants of Denver. Sambo’s remaining assets, valued at between $35 million and $45 million, will be liquidated. Creditors will be paid with cash and Vicorp stock after administrative expenses are paid. Trustee Charles J. McLaughlin said he hopes to begin making payments this year.