Story here:
https://www.foxbusiness.com/money/he...ial-bankruptcy
Hertz Global Holdings Inc. is preparing for a possible
bankruptcy filing after the rental-car company failed to make lease payments to preserve cash amid the
Covid-19 pandemic, according to people familiar with the matter.
The rental-car company and its advisers are negotiating with senior lenders and certain holders of its vehicle finance subsidiary's notes with the aim of temporarily reducing payments, the company said Wednesday in a securities filing.
The situation is fluid, the people familiar with the matter said, adding that Hertz is in talks with lenders on a forbearance agreement to waive a default and to potentially avoid bankruptcy.