A ~fun~ post talking about our story, our progress over this year, some behind-the-scenes behind the page, and what the newsletter has in store for the future.
To solve the recovery disputes and the issues associated with valuations, creditors may utilize 'bankruptcy gifts.' These gifts can be broken into two categories: gift carve-outs in section 363 sales and gifting in chapter 11 plans.
At its height in 2019, the company commanded a $47bn valuation and was dubbed the world’s most valuable unicorn (i.e., a private company worth more than $1bn). Four years later, WeWork filed for Ch. 11 bankruptcy with its founder-CEO ousted and a business model proven primarily to incinerate cash.
From looking at the failures of Sears to the success of Netflix, there are a lot of lessons to be learned from what makes businesses stellar in times of decline
