One of the 3 best known car rental companies at airports, Hertz Car Rentals, is out of options to try and save themselves from bankruptcy. They underwent talks with bondholders and lenders, which got them through today. They will soon be filing for C11 bankruptcy. In order to attempt to pay these debts, there could be a partial liquidation of the fleet. The Wall Street Journal originally reported this news.
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Also technically Chapter 11 bankruptcy doesn’t mean they’re “done for”. Chapter 7 means they’re officially over. With Chapter 11, they can restructure and survive.
I fixed it up.
= big brain words
ok let me add a different link.
Another one falls. Not really a topic for RWA