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WeWork’s Bankruptcy Battle Takes New Turn with Legal Action Against SoftBank

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According to a report published by The Wall Street Journal , the struggling coworking giant’s junior creditors committee is seeking court approval to sue SoftBank, WeWork’s largest shareholder, amidst allegations of financial maneuvering ahead of WeWork’s bankruptcy filing. billion in new secured debt.

Legal 244
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$33 Million+ In Unpaid Rent Sends WeWork Scrambling For Fresh Capital

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According to a report published by BisNow , the filing was made in response to several of WeWork’s landlord creditors requesting the bankruptcy court to compel WeWork to settle withstanding payments. The extra funding is seen as critical for WeWork to continue its operations and emerge from restructuring successfully.

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WeWork Navigates Global Lease Terrain, Saves Billions Amidst US Challenges

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The legal process allows companies 120 days from the bankruptcy filing date, in this case, November 6, 2023, to either assume or reject each lease, according to CoStar. In court filings WeWork is stressing its business restructuring and the renegotiation of lease agreements to alleviate unsustainable rent expenses.

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Tax Planning for Freelancers: 5 Strategic Moves To Make Now To Avoid Tax Pain Next Year

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While the dust from the 2023 tax filing season has long since settled, if you are a freelance worker, independent contractor , or digital nomad, now isn’t the time to forget about your taxes. It’s possible to have missed opportunities in areas where you might have been able to restructure your personal finances. While celebrating U.S.

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What Is a Credit Freeze, and Should I Do It?

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However, knowing what a credit freeze is and taking advantage of it can help protect you and your finances. When you freeze your credit, it keeps sensitive data in your credit files from being accessed without your permission. If lenders can’t see your credit file, they can’t approve the credit application.

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4 Smart Money Moves to Plan for Financial Security

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That’s because when we delay organizing our finances, it causes us to delay a lot of other things, too. But it’s really no surprise that millennials have trouble dealing with their finances. Plus, an unsurprising majority of this age group feels stressed when thinking and talking about finances. Trust me: I get it.

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Preparing to Move Overseas? Read This First

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As soon as you move abroad , you’re in charge of paying for your medical expenses, as your United States health insurance won’t let you submit any assertions, says Elena Jones, a personal finance expert at FinanceJar. Once you become a legal resident, you can sign up for the national health care in your new country.

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