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Hertz filing for bankruptcy as early as this weekend: report - Business Insider

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Hertz could file for bankruptcy as early as this weekend as the coronavirus pandemic crushes the car-rental industry

Car-rental giant Hertz could file for bankruptcy as soon as this weekend after it was unable to reach an agreement with its biggest lenders,Sources told the paper that Hertz is expecting to seek chapter 11 protections, which would make it one of the largest corporate casualties of the coronavirus pandemic's widespread economic fallout as travel restrictions decimate the rental car industry.Hertz has around $19 billion in debt, which includes roughly $4.

Hertz's business had already been struggling before the pandemic as it tried to fend off competition from other rental agencies as well as ride-hailing businesses like Uber and Lyft. In April, it was forced to

 

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I stole make up and weed from the rental cars when I worked there.

50 or 60 Hz ?

Another one bites the dust

I feel for the employees, but not for the company. They ran a scam business when it came to all the “extras” and their high pressure dishonest sales tactics

Surprised Hertz didnt disappear 2 years ago, who rents cars now?

I remember being at a Hertz location in Denver. Hundreds were stranded who had reserved cars, yet the location had none. It seems like a poorly run business.

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