Rent-A-Wreck Founder Questions Need For Bankruptcy Filing

Law360, Wilmington (December 6, 2017, 8:35 PM EST) -- The founder of discount car rental franchise Rent-A-Wreck questioned the need of the company to seek Chapter 11 protection Wednesday in Delaware, saying company leadership has provided no financial information to show it is insolvent and needs to reorganize.

During the second day of a hearing on the motion to dismiss the case made by company founder David S. Schwartz, his attorney argued that Rent-A-Wreck has not produced any kind of documentation to show that it's as cash-strapped as it claims, and accused the company of...
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