Faculty News

Professor Edward Altman comments on why he believes even a rebound in economic activity won't stop a record-breaking wave of bankruptcies in 2020; his Z-Score research is mentioned

Excerpt from The New York Times -- "Edward I. Altman, the creator of the Z score, a widely used method of predicting business failures, estimated that this year will easily set a record for so-called mega bankruptcies — filings by companies with $1 billion or more in debt. And he expects the number of merely large bankruptcies — at least $100 million — to challenge the record set the year after the 2008 economic crisis."

Read More