Hertz Global Holdings Inc., one of the country’s largest car-rental business, applied for insolvency defense Friday, burdened about $19 billion in debt and nearly 700,000 cars that have actually been mainly idled because of the coronavirus.
The Estero, Fla.-based business got in chapter 11 procedures in the U.S. Bankruptcy Court in Wilmington, Del., hoping to endure a drop-off in ground traffic from the pandemic and avoid a forced liquidation of its vehicle fleet.
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source https://jobsearchtips.net/rental-car-business-hertz-files-for-personal-bankruptcy/
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