Research from Professor Edward Altman, addressing the total number of bankruptcies involving more than $100 million in debt in 2020, is highlighted
— June 25, 2020
Excerpt from Axios -- "While high-profile "mega-bankruptcies" such as Hertz and J. Crew make headlines, the total number of bankruptcies involving more than $100 million in debt is likely to be substantially lower this year than we saw during the last recession. That's according to NYU business school professor Edward Altman, who sees 192 such filings in 2020, compared with 242 in 2009."