RIDGELAND — Franchise Services of North America Inc.’s (FSNA) wholly owned subsidiary, Simply Wheelz LLC, which does business as Advantage Rent A Car, has filed for U.S. federal bankruptcy protection in Mississippi.
First-day motions with respect thereto have been scheduled for tomorrow.
FSNA is a publicly traded company listed on the TSX Venture Exchange. The company and its subsidiaries own Advantage Rent A Car, U-Save Car & Truck Rental, U-Save Car Sales, Rent-A-Wreck of Canada, PractiCar, Auto Rental Resource Center, Xpress Rent A Car and Peakstone Financial Services.
The Company operates the Advantage car rental brand at 72 corporate locations in 33 states including airport locations servicing 60 of the top 70 airports across the United States.