WHAT IS A CHAPTER 11 BANKRUPTCY – is HTZ Stock a Buy in 2020?

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In this video we talk about Hertz Car Rental Stock (HTZ) and it’s filing for Chapter 11 Bankruptcy. I’ll review why companies go bankrupt, what a Chapter 11 is vs a Chapter 7, and then we’ll talk about if HTZ stock is a buy in 2020. We will also see what is next for Hertz stock in 2020.

Companies go bankrupt from issues with liquidity, solvency or viability. There are many types of bankruptcy but companies will usually file for a Chapter 11 or Chapter 7. Chapter 11’s mean the company will work with the government to restructure its debts and assets. Chapter 7’s are when the company has no intent to keep running and liquidates its assets.

Hertz Car Rental (HTZ) has filed for Chapter 11 and will now be taken off the NYSE. It will follow it’s restructuring plan and try to re-enter the stock market at a later date.

Bookmarks:
Intro (0:00)
1. Reasons Why Businesses Go Bankrupt – 1:03
2. Types of Bankruptcy (Chapter 11 vs Chapter 7) – 1:48
3. HTZ Stock – 4:17
4. Important Stats When Discussing Bankruptcy – 5:22
5. is HTZ Stock a Buy? – 6:58

#htzstock, #htzstockabuy, #hertzrentalcarstock, #hertzstock2020, #imseansolo, #whatisachapter11

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I am not a certified financial planner, I am just sharing things that I’ve learned through my own experience and hope it helps you out.

Sources:
Hertz Financials
http://ir.hertz.com/financials

Reasons Companies go Bankrupt
https://www.thebalancesmb.com/why-do-businesses-go- bankrupt-a-crisis-of-liquidity-3974597

Article about Hertz Filing Chapt 11 https://www.fool.com/investing/2020/05/26/why-hertz- global-holdings-shares-crashed-today.aspx

Definitions of Bankruptcy Types https://www.investopedia.com/ask/answers/061815/what- are-differences-between-chapter-11-and-chapter-13- bankruptcy.asp

What Happens to Secured Debt in Chapter 11, WHAT IS A CHAPTER 11 BANKRUPTCY – is HTZ Stock a Buy in 2020?.

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