FlyerTalk Forums - View Single Post - Consolidated "Hertz Files for Chapter 11 Bankruptcy on May 22, 2020" Thread
Old Apr 29, 2020, 6:39 am
  #8  
Kitmick1
 
Join Date: Apr 2020
Location: New York NY
Programs: AA Lifetime Platinum, Hilton Lifetime Diamond, Marriott Lifetime Platinum, Hertz Five Star
Posts: 25
Originally Posted by randix
Goes bankrupt, etc. (given their cash position, non-support from the government for bailout support, rapid declining of the the value of their inventory of cars, etc.), suggestions for best actions to take now to utilize accumulated Gold points?
If Hertz decides to take the route of bankruptcy, it will not be a total liquidation, it will be a reorganization under the protection of a bankruptcy court with all the protections afforded any other company. If that did happen it would be extremely foolish of them to dissolve their Hertz Rewards program. The previous members of that program would be snapped up by Avis and National very quickly in order to gain valuable market share.
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