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Bankruptcy

Hertz May sell Donlen to Pay Debt, Bloomberg Reports

Hertz Global Holdings has considered selling it’s Donlen leasing business if it can get at least $1 billion and has several buyers interested in the fleet management company, chiefly private equity funds, according to a report from Bloomberg.

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Hertz Files for Chapter 11 Bankruptcy

All of Hertz's businesses globally remain open. International operating regions including Europe, Australia, and New Zealand are not included in the bankruptcy, nor are Hertz's franchised locations.

Sears to Close Another 142 Stores

Following its Chapter 11 bankruptcy filing, Sears Holdings Corp. plans to close another 142 stores by the end of the year, and Edward Lampert will step down as chief executive but remain chairman.

Suzuki to Discontinue Auto Sales in Continental U.S.

BREA, CA - American Suzuki Corp. plans to discontinue new auto sales in the continental U.S. and transition its business to provide parts and service through its dealers. The company is filing under chapter 11 to restructure its business so it can focus on its other divisions.

Saab Files for Bankruptcy

ZEEWOLDE, THE NETHERLANDS - Chinese company Youngman decided it could no longer fund Saab's reorganization, so the automaker's board decided to file for bankruptcy.