Budget files Chapter 11

[dbaker]

Budget files Chapter 11

LISLE, Ill., July 29 (UPI) -- Budget Group Inc. said Monday it had filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court.

The company, which rents cars and trucks under the Budget and Ryder brand names, listed assets of $4.05 billion and debts of $4.33 billion in its Chapter 11 petition.

The Chapter 11 filing comes about eight months after another car rental company, ANC Rental Corp., filed for Chapter 11.

ANC Rental owns and operates car rental businesses under the brand names Alamo and National.

Probably not a coincidence that this is the first post in this forum.

[yyzray]

has anybody rented from Budget since the reorganized? I'm holding reservations at TPA in March and would like to know if you have a selection of cars to choose from, similiar to Alamo or do you take what you are given?