Car rental company Advantage to be placed under Chapter 11

Car rental company Advantage to be placed under Chapter 11
Nov 5 (Reuters) – Advantage Rent A Car, which Hertz Corp hived off last year as part of its deal to buy Dollar Thrifty, would be placed under Chapter 11 bankruptcy on Tuesday, as its new owners question the book value of the fleet that was causing losses.
Read more on Reuters

Advantage Rent A Car to file for bankruptcy
Advantage Rent A Car, which was spun off by Hertz Global Holdings Inc as part of a deal to buy Dollar Thrifty, will file for bankruptcy after Hertz terminated lease agreements that provided Advantage with its cars. Shares of Hertz fell as much as 17 …
Read more on Chicago Tribune

Advantage Rent A Car files for federal bankruptcy
advantage-rent-a-car-franchise-opportunities RIDGELAND — Franchise Services of North America Inc.'s (FSNA) wholly owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, has filed for U.S. federal bankruptcy protection in …
Read more on Mississippi Business Journal (blog)

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One Response to Car rental company Advantage to be placed under Chapter 11

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