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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 cobertos on Tuesday October 31, 2023 @09:33PM (#38093597)
Doesn't the bankruptcy court liquidate pieces of the company on behalf of the creditors if that is part of the agreement that is reached?
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Re:WeWork plans to file for bankruptcy as early as next week... by hn_throwaway_99 on Tuesday October 31, 2023 @09:46PM (#38093683)
That's Chapter 7 bankruptcy.
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Re:WeWork plans to file for bankruptcy as early as next week... by Spooky23 on Tuesday October 31, 2023 @11:35PM (#38094337)
Not typically. The court basically reorganizes debts, etc. That may include sale or liquidation of some assets.

In this case, I’d venture to guess that leases are the biggest liability, and given the market, I’d imagine the landlords will take a bath.

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