The move is a blow for landlords who have rented space to the co-working group, which is planning a comprehensive reorganization that includes cutting some of its leases.
WeWork, the real estate company that offered start-ups and individuals sleek quarters to pursue their entrepreneurial dreams, filed for bankruptcy protection in the United States on Monday after years of struggling to find its footing.
The company filed for Chapter 11 bankruptcy protection in New Jersey, as part of what it described as a comprehensive reorganization of its business.
The company said creditors holding 92 percent of its secured debt had agreed on a restructuring plan that would include reducing its portfolio of office leases.
As part of todays filing, WeWork …
Read the full article at: https://www.nytimes.com/2023/11/06/business/wework-bankruptcy.html