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The asset is the positive operating properties/leases. The idea from WeWork management would be to shed the bad properties and keep the good ones and operate t
by lbwtaylor 3y ago
The asset is the positive operating properties/leases.
The idea from WeWork management would be to shed the bad properties and keep the good ones and operate them as post-BK WeWork.
Creditors could say, great idea, but we want to sell that remaining business for cash rather than leave it in your hands because we don't trust you to continue to run this.
- voisin 3y ago> The asset is the positive operating properties/leases. This is what they are doing in terms of bankruptcy protection. A liquidation is different - there is no intent to continue operating afterward.