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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