Hertz Files Chapter 11 Bankruptcy

Wow. That's nuts wonder what will happen? Does that mean they are changing hands as far as an organization or they going out of business? A couple years ago when me and my wife was looking to buy a car we looked at enterprise and Hertz used cars. I was kinda weary of buying a rental car tho. It's no telling how people drive them. I'd say even tho they only have 50k miles someone run the guts out of it at some point lol