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NEW YORK (AP) — WeWork has officially emerged from bankruptcy.And all eyes are on whether its new leadership can guide the long-embattled provider of co-working office space to success.
NEW YORK (Reuters) -A U.S. bankruptcy judge on Thursday approved WeWork's Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company ...
As part of the company’s plan moving beyond bankruptcy, court documents reveal a list of nearly 70 leases WeWork plans to terminate—35 of which are in New York City alone. As of June, the co ...
Company that provides shared working spaces has been struggling with huge debts and losses incurred during the pandemic
Now, some offices face losing WeWork, which has more than 600 locations in major cities. WeWork filed for Chapter 11 bankruptcy Monday, throwing the future of the real estate company up in the air ...
On November 6, WeWork's stock trading was suspended and halted, and WeWork filed a petition under Chapter 11 of the United States Bankruptcy Code in the United States District Court for the District of New Jersey shortly after that, listing liabilities of approximately $10 billion to $50 billion. Most of WeWork's office spaces will remain ...
The bankruptcy filing is limited to WeWork’s locations in the U.S. and Canada, the company said in a news release. The company reported liabilities ranging from $10 billion to $50 billion ...
WeWork warned investors last week that its losses raise “substantial doubt” in its ability to keep the company afloat, listing bankruptcy as a potential option. In the first six months of 2023 ...