- Hertz filed for bankruptcy protection Friday after skipping car-lease payments last month
- The coronavirus pandemic has crippled the Florida-based company, which was already struggling with billions of dollars in debt
- The company laid off around 10,000 North American workers amid the coronavirus crisis and their share price has plummeted more than 80% this year
- Here’s how to help people impacted by Covid-19
Car rental company Hertz filed for Chapter 11 on Friday after failing to reach a standstill agreement with its top lenders.
The Wall Street Journal reports that Hertz has roughly $19billion of debt.