Car rental giant Hertz files for bankruptcy protection

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  • 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. 

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