Comment on WeWork plans to file for bankruptcy as early as next week, source says
Pons_Aelius@kbin.social 1 year agoBased on the debts they have, My guess it will be chapter 7 (wind up and liquidation) and not 11 (debt restructure).
Comment on WeWork plans to file for bankruptcy as early as next week, source says
Pons_Aelius@kbin.social 1 year agoBased on the debts they have, My guess it will be chapter 7 (wind up and liquidation) and not 11 (debt restructure).
breadsmasher@lemmy.world 1 year ago
so you didn’t read the article
Pons_Aelius@kbin.social 1 year ago
Just because WeWork are applying for 11, does not mean they will get it.
The creditors have to make the call. If the debt holders do not think they will get more back via 7 they can refuse and push for 11.