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Hertz Prepares Bankruptcy Liability Earlier this Weekend



Hertz Global Holdings Inc. is preparing to file for bankruptcy soon this weekend after failing to reach a solid agreement with leading lenders, according to people familiar with the matter.

The car rental company plans to seek protection in chapter 11 in the coming days following government restrictions on travel collapse in air and land traffic, which defined the car rental market, these people said. A loss will make Hertz one of the highest profile corporate defaults ever since the coronavirus pandemic’s …


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