Knotel are filed for bankruptcy in Chapter 11 in Delaware court after The WeWork rival was pressured by coronavirus.
The company, which manages and leases on a short-term basis office space, had to faces in the last year the companies and governments that have forced workers to stay home.
He listed both liabilities and assets estimated at $ 1 billion to $ 10 billion. The company obtained debt financing in the possession of a Newmark subsidiary worth approximately $ 20 million in cash.
In March last year, New York-based Knotel said it was cutting or dumping half of its staff, or about 200 workers, in response to the coronavirus.
Covid-19 questioned the business model of Knotel and other flexible office spaces and companies that work together, relying on people working close to each other.