WeWork, an office-sharing company, filed for Chapter 11 bankruptcy on Monday in New Jersey federal court months after the company expressed doubts about its ability to stay in business. WeWork announced the decision in a statement Monday, saying that filing for Chapter 11 bankruptcy was part of a “comprehensive reorganization to strengthen its capital structure and financial performance.” WeWork said that holders that represent 92 percent of its debt have entered a restructuring support agreement with the company. “Now is the time for us to pull the future forward by aggressively addressing our legacy leases and dramatically improving our balance sheet,” WeWork CEO David Tolley sai
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