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Rent-A-Wreck Defends Ch. 11 Strategy Against Dismissal Bid

Law360, Wilmington (December 5, 2017, 8:55 PM EST) -- Budget rental car company Rent-A-Wreck defended its bankruptcy filing and restructuring strategy Tuesday in Delaware from an attack by the company’s founder, who said the insolvency proceeding is merely a way for the company to avoid paying a court-ordered judgment to him.

During a hearing in Wilmington, Delaware, Rent-A-Wreck provided three witnesses involved with the company to testify about the company’s operations and the circumstances that led to the Chapter 11 filing last summer, as well as its plans to restructure the company to get out...
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