Miami Car rental company Car Renterica will be closing its doors on July 6, 2017.
It will close its doors for good.
The Miami-Dade County Landmark Properties announced the news this morning on Facebook.
The announcement was made after Car Ruseccia’s owner and operator, John S. Fischman, filed for Chapter 11 bankruptcy.
The Landmark Property has been in the bankruptcy process for several years and the company has been operating on an uncertain financial footing for years.
However, its bankruptcy filing is a step forward in bringing Car Rescue to a close, said Fischmen.
“The last few months have been a tough one, but we are so grateful for the support and love from the people of Miami-Cortez,” said Fisk.
“It’s time to let go of all the baggage that came with Car Racerica.
Now, we are at the end of the road and moving on to the next chapter.
We hope everyone will keep us in their prayers, and we hope we can see you soon in Palm Beach County.”
In a statement, Landmark Partners CEO Michael Cone said, “We were all very happy to see John and his team get to this point, and I am so thankful to the Miami- Dade County community for its continued support.
As the closing of Car Rascalica marks a difficult but necessary end to the saga, I am proud to be a part of the family.”
According to the Landmark property, the Car Raccoon owner is scheduled to file for bankruptcy in the next couple of weeks, but it is unknown when the bankruptcy will happen.
As of July 6 the Landmarks will have a vacancy on their lease, according to the bankruptcy filing.
The Car Racy was one of the most popular rental car services in the country, offering cars for rent for people to drive.
The rental car company, which was also known as the Caravan Rentals, had a reputation for low rents and quick payment, which made it popular among the elderly.
According to Car Racetrack.com, it was founded in 1986.
In 2011, the company was bought by the Florida Landmarks, which renamed it Miami CarRescue, according the Miami Herald.
The company was also a part owner of the Miami Dolphins.
Fisk and his wife, Ann, moved to Miami from New York when they were both in their teens.
The couple now have three children and two grandchildren.