Debt and Coronavirus Push Hertz Into Bankruptcy Protection

Hertz has filed for bankruptcy protection, unable to withstand the coronavirus pandemic that has crippled global travel.

  • Published 23 May 2020

This article was republished here with permission from The Associated Press, however it is no longer available to read on Snopes.com.

Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business. The Estero, Florida-based company’s lenders were unwilling to grant it another extension on its auto lease debt payments past a Friday deadline, triggering the filing in U.S. Bankruptcy Court in Delaware. Hertz and its subsidiaries will continue to operate, according to a release from the company. Hertz’s… Read at AP News