The WeWork logo displayed outside an office building in Los Angeles in August.
Patrick T. Fallon—AFP/Getty ImageseWork Inc. is preparing to file for bankruptcy as soon as next week, according to people with knowledge of the matter.
Chapter 11 bankruptcy allows a company to keep operating while it works out a plan to repay its debts. It also opens up a basket of legal tools that can aid in a turnaround, like abandoning pricey leases.earlier reported on the timing of the filing.
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