WeWork plans to exit bankruptcy with Yardi as majority shareholder
US: WeWork’s lawyers have revealed that under its plan to exit bankruptcy, property management software provider Yardi Systems would become the company’s majority shareholder.
US: WeWork’s lawyers have revealed that under its plan to exit bankruptcy, property management software provider Yardi Systems would become the company’s majority shareholder.
US: WeWork says it expects to be out of Chapter 11 bankruptcy by the end of next month, having renegotiated or exited 90 per cent of its leases.
US: WeWork, which was once valued at $47 billion, has been filed for bankruptcy in the US.
US: Reports from the US suggest that WeWork plans to file for bankruptcy as early as next week.
US: Senior living company Nashville Senior Care LLC has become the latest operator in the sector to file for bankruptcy after exhausting an emergency loan secured due to the Covid-19 pandemic.