Hertz seeks lender leniency or faces bankruptcy within weeks Hertz seeks lender leniency or faces bankruptcy within weeks May 8, 2020 dzadmin Comments 0 Comment Hertz knows its creditors want to avoid bankruptcy, which could trigger a fire sale of devalued used cars. Hertz’s creditors, lenders and investors, including controlling shareholder Carl Icahn, are now facing a three-way standoff.