FT. LAUDERDALE, Fla. — NationsRent Inc. has filed its plan of reorganization and related disclosure statement with the U.S. Bankruptcy Court for the District of Delaware. The confirmation of the plan of reorganization is subject to the vote of NationRent's creditors and bankruptcy court approval. NationsRent filed a voluntary petition under Chapter 11 of the U.S. Bankruptcy Code to restructure the company's debt Dec. 17, 2001.
Philip V. Petrocelli, president/CEO said, “The filing of our plan of reorganization is a significant milestone in our case and moves us closer to our goal of emerging from Chapter 11 as a strong company on a firm financial foundation. We will continue to work closely with our stakeholders and the bankruptcy court to lead NationsRent through the Chapter 11 process successfully.”
NationsRent is No. 6 on the RER 100.
