A handful of recent high-profile court rulings have considered whether a chapter 11 debtor is obligated to pay postpetition, pre-effective date interest ("pendency interest") to unsecured creditors to ...

Hertz filed for Chapter 11 bankruptcy in 2020 and, as part of its plan of reorganization (the “Plan”) that was confirmed in 2021, Hertz promised to “leave all of [its] creditors unimpaired – in other ...

The coronavirus has taken a toll on a number of big businesses, including one rental car company. Hertz had to file for bankruptcy following a dramatic drop in rentals during the pandemic. The company ...

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of ...

Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business.

The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business all but vanished during the coronavirus pandemic and talks with ...

Hertz filed for bankruptcy protection Friday, unable to withstand the coronavirus pandemic that has crippled global travel and with it, the heavily indebted 102-year-old car rental company’s business.

Hertz is betting big on electric vehicles. It's buying 100,000 Teslas, the largest-ever order by a single buyer. The purchase also represents the biggest move into EVs by a rental car company, by far.