WeWork Expected to Enter Chapter 11 Bankruptcy as Soon as Next Week ...Middle East

Time - News
WeWork Expected to Enter Chapter 11 Bankruptcy as Soon as Next Week
WeWork Inc. is preparing to file for bankruptcy as soon as next week, according to people with knowledge of the matter. The co-working company plans to seek Chapter 11 protection in New Jersey, said the people, who asked not to be identified because discussions are private. Talks are ongoing and plans could change, the people added. Play Video [time-brightcove not-tgx=”true”] Chapter 11 bankruptcy allows a company to keep operating while it works out a plan to repay its debts. It also opens up a basket of legal tools that can aid in a turnaround, like abandoning pricey leases. A WeWork spokesperson declined to comment. The Wall Street Journal earlier reported on the timing

Hence then, the article about wework expected to enter chapter 11 bankruptcy as soon as next week was published today ( ) and is available on Time ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( WeWork Expected to Enter Chapter 11 Bankruptcy as Soon as Next Week )

Apple Storegoogle play

Last updated :

Also on site :

Most viewed in News