For Bloomberg Law, Thompson Coburn New York Managing Partner Mark Indelicato comments on WeWork’s path to reorganize, which will be boosted by favorable bankruptcy laws and demand for office flex space.
In the article, Indelicato notes the timeline is tight for a large company to reorganize its finances and operations in bankruptcy, but “it’s completely doable” in light of the fact that WeWork has already reached a restructuring deal with lenders and moved to terminate 69 commercial leases.
“They’re coming out pretty aggressive to get this into shape so that it can reorganize,” he said. “They’ve already started on the right side with the restructuring support agreement and the lease rejection motion.”
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