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COVID-19 Drives Car Rental Giant Hertz Into Bankruptcy

By Jeff Montgomery ( May 22, 2020, 11:06 PM EDT) -- Hertz Global Holdings Inc. sought Chapter 11 protection in Delaware late Friday with roughly $24 billion in debt, limping badly from the effects of a global, COVID-19 related business downturn and filing its initial papers hours ahead of a creditor forbearance deadline on a multi-billion noteholder agreement....

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