re: #41 Anymouse 🌹🏡😷

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I’m not a business person, so I read up at Investopedia on what a Chapter 11 bankruptcy filing entails.

They say that is the most complex and expensive of the types of filings, but it allows the company to advance a plan to reorganise. If the company advances no plan, the debt holders can advance one to the court instead. That can include liquidating all the assets.

We’ll have to see what happens I guess.

If the Autoweek article is correct, not only would liquidation of their auto fleet destroy the used car market, it would probably damage the new car lease and sale market as well. Any used car from a rental agency would be scrupulously maintained by the company, and the records of that maintenance available.

Never, ever buy a used car that came off a rental lot. For much the same reason you don’t want to buy a used graphics card that was part of a mining rig.