Car Rental Company Hertz Files For Bankruptcy Protection
The rental-car company Hertz, hit hard by the pandemic, has filed for bankruptcy protection.
The Florida-based company blames major debt and a drastic drop in business.
CBS2's Cindy Hsu reports.
Hertz Tells Landlords Not To Expect Rent for Six MonthsHertz declared bankruptcy on May 22.
Business Insider says the company has $19 billion in debt.
The car rental company told its landlords days it would not pay them rent for the next six..
Hertz Files for BankruptcyHertz has been renting cars since 1918, but on Friday night, the company filed for bankruptcy.