February 25, 2004
Budget Crisis
I voted for the Budget rental car bankruptcy plan.
This isn't an election most people participate in, but I have been determined to be a creditor of the company. In August 2001, I took a week-long vacation in Colorado and rented a car from Budget at Denver International Airport. After being subject to dreadful service, including the presentation of two cars whose temporary registrations were to expire during my vacation, I wrote to the company requesting compensation for this inconvenience. Shortly after, the company filed for bankruptcy.
Over the last couple of years, I have received papers from the Bankruptcy Court and various lawyers keeping me posted on the proceedings. Yesterday I finally received my ballot to vote for the plan. My claim was determined to be of an "undetermined" type, so I'm not sure what will happen. Exit polls indicate that the plan will probably be approved but that I may or may not see any part of my $50.
