Hertz Global Holdings Inc. (NYSE: HTZ) dropped nearly 24% in after-hours trading on Monday as multiple reports suggested the company is nearing a bankruptcy filing.What HappenedThe car rental company has hired an additional advisor to help prepare for a planned bankruptcy filing, according to The Wall Street Journal.FTI Consulting Inc. was engaged by Hertz to advise on streamlining operations ahead of a possible chapter 11 filing after it missed a deadline on a debt payment last week, people familiar with the matter told WSJ.The Florida-based company previously tapped on investment bank Moelis & Company (NYSE: MC) and law firm White …read more
Source:: Yahoo Finance
