A handful of recent high-profile court rulings have considered whether a chapter 11 debtor is obligated to pay postpetition, pre-effective date interest ("pendency interest") to unsecured creditors to ...
The Supreme Court has declined to hear Hertz's challenge of a lower court decision that put it on the hook for more than $270 million in interest payments to its former bondholders. On Jan. 12, a ...
Hertz filed for Chapter 11 bankruptcy in 2020 and, as part of its plan of reorganization (the “Plan”) that was confirmed in 2021, Hertz promised to “leave all of [its] creditors unimpaired – in other ...
Law360 (January 12, 2026, 10:31 AM EST) -- The U.S. Supreme Court said Monday it will not hear an appeal by reorganized rental car giant Hertz Corp. of a Third Circuit decision that it owes $272 ...
Jan 12 - The U.S. Supreme Court declined on Monday to hear Hertz's (HTZ.O), opens new tab challenge to a lower court ruling finding that it was still on the hook for $270 million in interest payments ...
Hertz, the car rental company that was an early victim of the pandemic, officially emerged from bankruptcy Wednesday. Its return coincides with and was made in possible in part by a red-hot market for ...
Law360 (January 3, 2025, 5:39 PM EST) -- A Delaware bankruptcy judge said Hertz Corp. doesn't need to post a $337.4 million bond while she uses an appeals court decision on underpaid interest to ...
Hertz Global (NASDAQ:HTZ) has hired investment bankers and legal advisors on options regarding its capital structure amid a legal battle with its bondholders over a $300M make-whole payout, according ...
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