Due to the coronavirus pandemic, bankruptcies are up all across the United States. Individuals and businesses alike have struggled due to COVID-19, with many people losing their livelihoods due to the economic impact of the pandemic. If you are one of the people affected by this pandemic, you may have already considered bankruptcy. Before you file for protection, though, there are five things you should do: Continue reading “Five Things to Do When You Are Considering Bankruptcy”
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Facing Bankruptcy, Hertz Paid Executives $16 Million in Bonuses
Hertz, the major rental car company, has struggled to stay afloat since the arrival of the coronavirus. Its business model is heavily reliant on tourism, and with most people staying at home, their revenues have plummeted. However, these financial difficulties did not stop the company from paying its executives $16 million in bonuses right before filing for bankruptcy, a move that has received criticism from employees and shareholders alike. Continue reading “Facing Bankruptcy, Hertz Paid Executives $16 Million in Bonuses”
