WeWork Files Bankruptcy

On November 6 and 7, 2023, WeWork and more than 500 affiliated companies filed for bankruptcy under chapter 11 of the Bankruptcy Code.

Founded in 2010, WeWork describes itself as the leading global flexible space provider committed to delivering technology-driven turnkey solutions, flexible spaces, and community experiences.

What happened?  As WeWork explains in court filings, the culprits for its financial woes were, among other things, rising interest rates, a changing commercial real estate landscape, a slower-than-expected return to the office, and customer attrition…

Read more about the WeWork bankruptcy filing here.

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Recent happenings in the world of business and bankruptcy law from the astute minds of Law Advocates LLC. Also featuring resources from DougGoldsteinBusinessAttorney.com

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