MENU
SEARCHMENUSEARCH
Bankruptcy proceedings can impact franchise contracts, fleet payments, and corporate accounts. When the dust settles, Hertz 2.0 will have ripples beyond the franchisees.
Read More →
The outcome may not be as negative as feared, but there’s a greater issue for car rental companies in all this.
Read More →
The bankruptcy petition lists liabilities of $500 million to $1 billion with estimated assets of $100 million to $500 million.
Read More →
All of Hertz's businesses globally remain open. International operating regions including Europe, Australia, and New Zealand are not included in the bankruptcy, nor are Hertz's franchised locations.
Read More →
Hertz’s lenders have given the company until May 22 “to develop a financing strategy and structure that better reflects the economic impact of the Covid-19 global pandemic.”
Read More →
The court ruled that the bankruptcy was “filed without proper corporate authority," and that a subsidiary of Macquarie Capital, FSNA's largest shareholder, had not consented to the bankruptcy.
Read More →
Rent-A-Wreck of America Inc. has filed for Chapter 11 bankruptcy in Delaware, saying costly and lengthy litigation with the company’s founder has strained its liquidity. Rent-A-Wreck has spent $2.7 million in legal fees and expenses over the past 10 years.
Read More →
Franchise Services of North America Inc. (FSNA), franchisers of the U-Save brand, has filed for Chapter 11 bankruptcy protection to preserve the value of its assets for the benefit of creditors and shareholders.
Read More →
The Federal Trade Commission (FTC) has approved an application by Franchise Services of North America Inc. (FSNA) to sell its Advantage Rent A Car business to The Catalyst Capital Group Inc.
Read More →