Hertz landed in bankruptcy court
Rented cars don’t have the largest ship in the United States, but some would argue that if an icon car could be like a rented company. Black and yellow are a familiar sight for many passengers renting a car at the airport, but now a century old bankruptcy court has sought protection from creditors, reduced demand and changed the car market used by the Covid-19 epidemic.
As the crisis escalated, so did the demand for the travel industry, especially among business travelers who were desperate for Hurtz's rental business. But according to the demand for the car used for it, the company was slapped by the drop, and with the sale of the Hertz rental car, he withdrew money from the retirees every year. Fund repaying creditors say Hurtz's use of the financial assets of the ship's owner is a matter of who.
Competitors Avis and Enterprise also faced declining demand, but both had good financial performance. Prior to the epidemic Hurt spent most of his career renovating.
Posted Using LeoFinance