The Hertz case is a post-confirmation claims-administration matter: the plan has been confirmed, the operating restructuring is complete, and the remaining open docket is being maintained principally to preserve time to reconcile and object to administrative claims. Hertz and its affiliates entered chapter 11 on May 22, 2020 after COVID-19 abruptly impaired a rental-car business that depended heavily on airport demand; the first-day declaration described a 94% decline in air travel between March 1 and April 1, 2020, a 73% year-over-year revenue decline in April 2020, major fleet and workforce reductions, and a missed roughly $400 million depreciation-and-lease payment under vehicle financing arrangements after forbearance talks failed Jackson First Day DeclarationDkt. 28.
The balance-sheet pressure was concentrated in Hertz’s fleet-financing structure. The same declaration identified about $19.0 billion of financial debt, including roughly $14.7 billion tied to vehicle financing, with the HVF II ABS program alone including about $10.893 billion of outstanding notes, alongside senior notes, secured debt, international vehicle financings, and Donlen ABS obligations Jackson First Day DeclarationDkt. 28. The case then moved through a reorganization path rather than a liquidation path: Hertz filed a modified second amended joint plan in April 2021 Modified Second Amended Joint PlanDkt. 3782, and the court confirmed the Second Modified Third Amended Joint Chapter 11 Plan on June 10, 2021 .
The current docket activity is narrow. Rental Car Intermediate Holdings, LLC’s post-confirmation report for the quarter ended March 31, 2026 states that RCIH has no independent operations, employees, or cash, reported no current-quarter cash disbursements, has no allowed claims against it, does not anticipate future plan payments, and remains open primarily for claims reconciliation with no current estimate for a final decree Post-Confirmation ReportDkt. 1979. On April 29, 2026, the court entered the eleventh order extending the administrative-claims objection deadline by 183 days, through October 13, 2026, while preserving the reorganized debtor’s ability to seek another extension by motion filed on or before that date Eleventh Administrative Claims Objection Deadline OrderDkt. 1980.
