WeWork has filed for bankruptcy. What does that mean for shared office space in Miami?
In an interview with the Miami Herald’s Rebecca San Juan, Davis Goldman Co-Managing Partner Jason Goldman explores how WeWork’s recent bankruptcy filing will affect the company.
The Chapter 11 bankruptcy protection filing allows WeWork to select which locations across the country to close. Chapter 11 essentially helps an organization restructure, Jason said. He continued, Chapter 11 for WeWork simply means “they’ll get rid of some of their debt and liabilities, including some leases that are not profitable leases.”