did anyone else who was employed by hertz receive a letter about possibly being a debter for hertz? spoke to 3 other former employees who all got it todAy? spoke about a conference call on july 1st... what the hell does this mean do they owe us money or something? fyi left hertz over a year ago
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I think I might call and listen in.
Correction...
Other ex-employees (not related to COVID-19 -or- otherwise NOT due severance) and those still employed; this is simply an announcement of the hearing.
The letter is announcing the bankruptcy hearing and provides a dial in # to join, if you're interested.
Otherwise, no action is needed on your part.
If you're currently laid off due to COVID-19, you are a creditor. Should Hertz debts owed be dismissed in the court hearing, then your severance may be impacted.
Other ex-employees (not related to COVID-19 -or- otherwise due severance) and those still employed; this is simply an announcement of the hearing.
I am currently employed and I got the same letter this weekend
I am still on furlough and received a letter as well. But it stated that I am a potential creditor. I couldn't tell if there was any action needed on my behalf though..
Pensions are funded separately and protected from id–ts at Hertz.
I hope ot doesn't haveto do with our pension
sorry i meant hertz was the debtor. so what could this mean for people who left the company over a year ago?
Just to be clear - saying that you are a debtor for Hertz means that you owe the company money:
What is the distinction between debtor and creditor?
Definition of Debtor
A debtor is a person or enterprise that owes money to another party. The party to whom the money is owed might be a supplier, bank, or other lender who is referred to as the creditor.
Definition of Creditor
A creditor is a person, bank, or other enterprise that has lent money or extended credit to another party. The party to whom the credit has been granted is the debtor.
Examples of a Debtor and a Creditor
Assume that a company borrows money from its bank. The company is the debtor and the bank is the creditor. If a manufacturer sells merchandise to a retailer with terms of net 30 days, the manufacturer is the creditor and retailer is the debtor.
I got the letter today too, I was laid off last year as well, what does this have to do with me? How do they owe me money? Did they get over on my bonuses and commission?
i left the company on my own january 2019. the other employees who got it all left around the same time so now im even more confused
I believe it has to do with severance
My HR called me
In Chapter 11 Hertz can only pay out a little more than 13K unless OKed by a judge.
Mine runs out end of August
That shorts me 31K
If I am not back to by then I will look further into it
Things are picking up so I am hoping to be back working before than