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....

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!