WeWork to File for Bankruptcy as Corporate Failures Rise in 2022

WeWork reportedly planning to file for Chapter 11 bankruptcy next week per Wall Street Journal.

Bankruptcies have been increasing in 2022, with Q3 having the most so far at 182 filings.

Healthcare sector saw the most bankruptcies in Q3, marking the second straight month as top sector.

Many bankrupt firms were "zombie" companies staying afloat via debt rather than profits.

Higher interest rates adding pressure, similar to impact on government debt costs.