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Afaict, the reason they announced that they most definitely may be going into bankruptcy next week is to play hardball with their commercial land lords and try

Afaict, the reason they announced that they most definitely may be going into bankruptcy next week is to play hardball with their commercial land lords and try to get a deal which will keep them alive. The idea being that the landlords (and everybody) knows that the commercial real estate market is super depressed, so if WeWork disappears the landlords may be stuck with an empty building for years.

Havoc 3y ago
Unless all their landlords globally are coming up for renegotiation this week that makes little sense
- redslazer 3y ago
  If they go into liquidation or restructure then all their liabilities go up for renegotiation. So the threat of this happening makes all contracts renogotiable regardless of timeline.
  - Havoc 3y ago
    Ah right. That makes sense
chrischen 3y ago
Also Regus pulled the same move already https://globalinsolvency.com/headlines/iwg-plans-set-regus-insolvency https://globalinsolvency.com/headlines/iwg-plans-set-regus-i...