WeWork Creditors Say Restructuring Efforts Seem to Have Stalled

WeWork Inc.’s restructuring efforts appear to be stalled and the company may not have enough money to pay rent, lawyers for landlords and creditors said in bankruptcy court Monday.

The company has failed to update its business plan, left details out of a key reorganization proposal and is either unwilling, or unable, to pay the rent on at least some of the office space WeWork uses to make money, creditor lawyers told the judge overseeing WeWork’s Chapter 11 bankruptcy.

“We don’t want to see a truly, administratively insolvent estate,” said Kris Hansen, an attorney representing WeWork’s official committee ...