WeWork said Tuesday it entered into a seven-day forbearance agreement with its noteholders after skipping interest payments earlier this month.
WeWork is planning to file for bankruptcy as early as next week, according to people familiar with the matter, in what would mark a stunning reversal for the flexible-office-space venture that was once valued at $47 billion.Our Intelligence. Your Advantage.
WeWork to withhold interest payment on some notesDebt-laden WeWork (WE.N) said on Tuesday it has decided to withhold interest payment of about $6.4 million on some of its notes as the flexible workspace provider looks to improve its balance sheet. Read more ⮕
WeWork to withhold interest payment on some notesWeWork to withhold interest payment on some notes Read more ⮕
How Rite Aid went from a Pennsylvania success story to a struggling chain that declared bankruptcyWhen pandemic closures ended, customers didn’t flock back, and Rite Aid has lost money almost every quarter. Read more ⮕
Exclusive: Law firm tied to bankruptcy judge resignation did not make conflict disclosures -data analysisA Texas law firm did not follow standard disclosure practices in at least 27 cases that might have revealed its former partner was secretly in a romantic relationship with U.S. Bankruptcy Judge David Jones while the firm was appearing before him, a data analysis by Reuters has found. Read more ⮕
Exclusive-Law firm tied to bankruptcy judge resignation did not make conflict disclosures -data analysisExclusive-Law firm tied to bankruptcy judge resignation did not make conflict disclosures -data analysis Read more ⮕
Crypto exchange Bittrex’s U.S. shutdown approved at bankruptcy courtThe U.S. arm of Bittrex filed for Chapter 11 bankruptcy protection in May. Read more ⮕