Hertz bankruptcy documents indicate potential fallout on Irish treasury units – Irish Examiner

Bankruptcy documents filed over the weekend to a US court by Hertz seeking protection from its debt holders and trade creditors show there is potential fallout on the global car hire giant’s Irish treasury units as well as trade creditor Car Trawler, which has its international head office in Ireland.

Hertz has struggled the last two months as international airline travel shrivelled and business and tourism all but ended in its markets as the Covid-19 lock downs spread throughout the world.

The Chapter 11 bankruptcy documents filed the Delaware court on Sunday give an insight into the sudden change in fortunes for a travel giant after the onset of the global economic and business storm caused by the Covid-19 pandemic around the world.

The documents filed to the Delaware bankruptcy court in the US and elsewhere also detail its huge international operations — including Dan Ryan Car Rental Limited Ireland; Hertz

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