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- By Annabelle Liang and Natalie Sherman
- Business press reporters
The co-working company was when viewed as the future of the workplace
WeWork has actually submitted for bankruptcy in the US, an action that complies with years of battle for the co-working business.
The company reported responsibilities of $10bn to $50bn (₤ 40.5 bn), according to a bankruptcy declaring in the New Jersey government court.
The declaring provides WeWork lawful security from its lenders and even more devices for arrangements with proprietors.
WeWork, recognized for leasing on adaptable terms to startups and consultants, was when viewed as the future of the workplace.
But it relied upon fast development to mask its high expenses.
“WeWork Inc. and certain of its entities filed for protection under Chapter 11 of the US Bankruptcy Code, and intend to file recognition proceedings in Canada,” the firm said in a statement
WeWork included …
