Hertz files for bankruptcy after rental-car demand vanishes
The Chapter 11 filing allows Hertz to keep operating while it devises a plan to pay its creditors and turn around the business. The action includes the company’s U.S. and Canadian subsidiaries, but doesn’t cover Europe, Australia and New Zealand.
source https://www.autonews.com/used-cars/hertz-files-bankruptcy-after-rental-car-demand-vanishes