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A comment on WeWork plans to file for bankruptcy as early as next week, source says. Parent comment

Re:WeWork plans to file for bankruptcy as early as next week... by christophilus on Tuesday October 31, 2023 @09:02PM (#38093396)
Not many people understand what that means. I remember Romney saying that GM needed to go through bankruptcy (meaning chapter 11) back when he was running for president. He got crucified for saying that, but he wasn’t wrong, and iirc, they did end up in chapter 11.

Hopefully, WeWork restructures successfully. I’ve really enjoyed the few I’ve visited, and I think there’s a real business under all the nonsense.

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Re:WeWork plans to file for bankruptcy as early as next week... by JumpCrisscross on Tuesday October 31, 2023 @09:08PM (#38093432)
> remember Romney saying that GM needed to go through bankruptcy (meaning chapter 11) back when he was running for president

Investment bankers, being salespeople, solved this in the 80s: companies in chapter 11 are restructuring or reorganizing. Not bankrupt.

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