This is the restructuring one.
Comment on WeWork plans to file for bankruptcy as early as next week, source says
Nighed@sffa.community 11 months agoAnd that’s the restructuring one? Does that let them escape or decrease their leases?
(Not familiar with American bankruptcy laws(…or any bankruptcy laws))
_haha_oh_wow_@sh.itjust.works 11 months ago
wjrii@kbin.social 11 months ago
Yup, 11 is the restructuring one. Very little will happen automatically, but they will try to renegotiate their leases. In a world where big companies are adjusting to WFH being a norm, though no longer the the norm, this has the feeling of pissing on a house fire. When their Chapter 11 restructuring fails, that's when they'll file for Chapter 7 (liquidation)