Advantage Rent A Car Hits Ch. 11 With Over $500M In Debt
By Carolina Bolado and Rick Archer (May 27, 2020, 10:46 AM EDT) -- Orlando, Florida-based Advantage Rent a Car filed for Chapter 11 protection in Delaware on Tuesday listing more than $500 million in liabilities, including a $30.2 million unsecured claim to investment manager Aberdeen Standard Investments Inc.
In a filing in Delaware bankruptcy court, the rental car company's parent, Advantage Holdco Inc., listed between $100 million and $500 million in assets.
In addition to Advantage Holdco, a number of other affiliated companies — Advantage Opco LLC, E-Z Rent A Car LLC, Central Florida Paint & Body LLC, Advantage Vehicle Financing LLC and RAC Vehicle Financing LLC — also filed for bankruptcy protection....
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