Advantage Rent A Car Files for Chapter 11 Bankruptcy
The bankruptcy petition lists liabilities of $500 million to $1 billion with estimated assets of $100 million to $500 million.
The bankruptcy petition lists liabilities between $500 million to $1 billion, with estimated assets of $100 million to $500 million.
Logo via Advantage Rent A Car.
The parent company of Advantage Rent A Car, Advantage Opco LLC, filed for Chapter 11 bankruptcy on Tuesday. The company is owned by Toronto-based private equity firm Catalyst Capital Group.
Included in the bankruptcy were Advantage affiliates including E-Z Rent a Car LLC. The company has secured “debtor-in-possession” (DIP) financing, according to a source familiar with the matter.
Orlando-based Advantage and E-Z operate at 28 airports in the U.S. The combined company reported $315 million in revenues for the 2019 calendar year.
The bankruptcy petition lists liabilities between $500 million to $1 billion, with estimated assets of $100 million to $500 million.
Advantage also filed for bankruptcy in 2008 and 2013, after which Catalyst bought the company. Catalyst acquired E-Z in 2015.
More Legal & Legislative
Government Affairs Executive Wins Leading Rental Car Industry Award
Robert Muhs started in the car rental industry with Avis Budget Group two years before the first International Car Rental Show.
Read More →
Using AI To Find Rental Car Damage
Angry car renters are storming social media, the mainstream media, and online ratings platforms to complain about charges they claim are either unfounded or excessive.
Read More →
Bandit Towing A Tough Road For Car Rental Companies
Operators often must spend far too much time and resources trying to recoup rental cars towed away and held hostage to outrageously high fees.
Read More →
Bandit Towing A Tough Road For Car Rental Companies
Operators often must spend far too much time and resources trying to recoup rental cars towed away and held hostage to outrageously high fees.
Read More →
ACRA: Spurring Car Rental Industry Success
The American Car Rental Association scored more access and influence in 2025 as it grows its services for car rental operators.
Read More →
AVOA Partners with AALA and NLC
The American Vehicle Owners Alliance (AVOA) recently announced its partnership with the American Automotive Leasing Association (AALA) and the National League of Cities (NLC).
Read More →
ACRA Takes Bold Strides On Capitol Hill
The American Car Rental Association’s annual legislative and lobbying event upped the face time with and access to members of Congress.
Read More →
Rental Car Leader Engages With Primary Industry Causes
Q&A Interview: Federal contracting, EV charging infrastructure, stolen vehicles, and policy advocacy drive an agenda for Carlos Bazan-Canabal that stretches beyond his car rental executive post.
Read More →
Get Ready: ICRS 2026 Open for Business and Call for Papers
The 30th anniversary International Car Rental Show heads to the Dallas area as it celebrates a legacy and pivots toward an industry marketplace and forum suited to the fourth decade ahead.
Read More →
Inside The Fight To Catch Rental Car Thieves
Recovering stolen rental vehicles requires foresight, cooperation, and a firm grasp of legal procedures with car renters.
Read More →