Re:WeWork’s Back Is Against a Wall
by arcticbull on Tuesday September 17, 2019 @01:47PM
(#20998025)
That's fine if they never plan to sign another lease. It's like saying oh, you can't service your debt huh, just declare bankruptcy! Sure, if you don't plan to need credit in the next 7 years.
[ Parent
| on HN ]
Corporate bankruptcy doesn't work exactly the same as personal bankruptcy. WeWork declares bankruptcy, it's officers find a couple of new, untainted folks to hold key corporate officer positions, and suddenly YouSlave, Inc is open for business and looking to rent space. Might need to polish your D&B a little, but that's easy enough.