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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 of $500 million to $1 billion with estimated assets of $100 million to $500 million.
Rental car companies will be cited if they rent vehicles to people who are supposed to be in quarantine.
Forty-six vehicles, worth collectively around $1 million, were stolen from 17 dealerships and one Enterprise.
The changes expand the pool of businesses eligible to borrow and lowers the minimum loan size.
The ruling stems from a 2018 lawsuit regarding Turo’s San Francisco International Airport (SFO) operations and the collection of the airport’s permit fees.
Police do not know the precise number of vehicles stolen, as they are still conducting a full inventory check.
The bonds back the $200 million renovation of the State Farm Arena.
Last Thursday, the SBA announced it had stooped accepting new applications, though this Tuesday the Senate approved a measure that would revive the program geared to keep small businesses afloat.
In a letter to Congress, the American Car Rental Association asks for increased funding and loan extensions for the Paycheck Protection Program, as well as a vehicle buyback program to stimulate new vehicle sales.
The funds will help airports impacted by the coronavirus pandemic. The funds are available for airport capital expenditures, airport operating expenses including payroll and utilities, and airport debt payments.
The passenger claims the Thrifty location serving Charleston County, S.C. rented the car without properly verifying the identity of the renter.
These findings were gathered from the April 7 webinar “Navigating the CARES Act for Small- and Medium-Sized Businesses with Fleets.”
Small businesses of 500 or fewer employees will have access to $350 billion in loans under the Paycheck Protection Program within the CARES Act. This loan money could turn into a grant under certain circumstances.
While this DHS document is not binding on other federal agencies or on state or local governments, it is an important tool to reference if government officials question your company’s continued operation during the pandemic.
As much of the U.S. is under mandatory stay-at-home orders, airlines have already seen a drastic decline in full flights.
The event consisted of networking, ACRA meetings, guest speakers, an ACRA political action committee reception, and meetings with U.S. representatives and senators on issues affecting the car rental industry.
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