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Rent-A-Wreck Files for Bankruptcy, Cites Litigation Costs

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.

A Good Time to Buy Used?

Fleet operators are staring at a price squeeze right now that’s going to hurt. But there are ways to mitigate the pain.

FSNA Quarterly Revenue Dips

Franchise Services of North America Inc. (FSNA), owners of the U-Save, Rent-A-Wreck Canada and Practicar brands, reported a slight drop in revenue for its second quarter and announced the opening of two new franchise locations.