The landlord of one of Twitter’s offices in San Francisco is suing the company for failing to pay rent in excess of $136,000. The Wall Street Gazette.
According to the publication, Twitter has also been sued by a software provider and a shipping company that also tried to collect delayed payments.
It was previously reported that if Twitter files for bankruptcy, its current president, Elon Musk, may come. to lose took control of the company, but reduced the social network’s bank debt by $13 billion.
Brooke Gotberg, a law professor at Brigham Young University, said that in the restructuring, creditors have the power to demand a change in management and alternatively, the company’s assets can be sold to a new buyer.
Experts also explained to the publication that in case of bankruptcy, those who guarantee the debt of the company, namely the banks, are given priority and that it pushes the shareholders to the end.